With home prices rising and fewer distressed homes to buy, large-scale investors are being replaced by their smaller counterparts and individuals.» Read More
ATLANTA-- Haverty Furniture Cos. said Thursday that its revenue grew 11 percent in the third quarter as sales increased at established shops. Revenue rose to $172.7 million from $155.4 million a year ago. At locations open at least a year, revenue rose 10 percent.
Oct 3- American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt carrier. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was canceled last month.
EASTPOINT, Fla.-- Florida's oyster industry appears near collapse and needs help to survive, including getting more fresh water into Apalachicola Bay from Georgia, Gov. Rick Scott said Wednesday in pledging to try to help.
Oct 3- American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt airline. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was cancelled last month.
ATLANTA-- Loan servicing company Ocwen Financial Corp. said Wednesday that it is buying Homeward Residential Holdings Inc. in a $750 million deal. Ocwen is buying the loan servicing company from private equity firm WL Ross& Co. LLC for $588 million in cash and $162 in Ocwen convertible preferred stock.
*Third-quarter net income 44 cents a share. Oct 3- Hotel operator Marriott International. Net income came to $143 million, or 44 cents a share, in the fiscal third quarter ended Sept. 7, compared with a loss of $179 million, or 52 cents a share, a year earlier.
Oct 3- Hotel operator Marriott International. reported a higher quarterly profit on Wednesday as its corporate business showed strength. Net income came to $143 million, or 44 cents a share, in the third quarter ended September 7, compared with a loss of $179 million, or 52 cents a share, a year earlier.
THOMASTON, Ga.-- Chick-fil-A President Dan Cathy voiced his support for "Biblical families" in one of his first interviews since his earlier comments caused controversy regarding gay marriage. Cathy made the comments over the weekend at an event at his family's Georgia ranch.
MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians based outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the performers' average salary by $46,000 a year.
*ADP payrolls report slightly stronger than forecast. NEW YORK, Oct 3- U.S. "There's rate-locking and traders are adding to steepening exposure," said Tom di Galoma, managing director at Navigate Advisors LLC in Stamford, Connecticut. "
Both Stanley and Crawford joined the firm as senior vice presidents of wealth management, leading the Palmetto Advisory Group, which also includes advisers Linda Fraser, Geoffery Forsyth and Carolee McKeown and private client assistant Henry Batts.
Oct 2- BWAY Parent Co Inc, which supplies metal and plastic containers to the packaging industry, said it will be acquired by an affiliate of Platinum Equity for about $1.24 billion. BWAY Parent, which operates through its subsidiary BWAY Corp, said Platinum Equity would acquire it from funds managed by Madison Dearborn Partners.
NEW YORK, October 02 Fitch Ratings affirms the following credit ratings of Highwoods Properties, Inc. and its operating partnership, Highwoods Realty Limited Partnership,: Highwoods Properties, Inc.-- Long-term IDR at' BBB-';-- Preferred stock at' BB'.
MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the average musicians' salary by $46,000 a year.
ATLANTA, Oct 2- The percentage of U.S. high school students who drink and drive has dropped by more than half in two decades, in part due to tougher laws against driving under the influence of alcohol, federal health officials said on Tuesday.
ATLANTA-- A drop in last-minute travelers in September hurt a key revenue measurement for Delta Air Lines Inc., the company said on Tuesday, although its fuel bill came in lower than expected, too. Per-seat passenger revenue rose 0.5 percent in September. Delta had previously said it expected an increase of 1 percent to 3 percent.
Many thought Ted Turner's idea to start the network was "crazy," said Robert Sorcher, who worked there for its first five years. He said critics didn't understand Turner Broadcasting Systems' $320 million purchase of the Hanna-Barbera library or earlier acquisition of the MGM film library, which includes "Tom& Jerry."
ATLANTA-- Georgia Southern University students have endorsed two new fees for athletics and the Georgia Board of Regents now must consider them. In a campus-wide referendum, 70 percent of the 9,400 students voting supported a $25 per-semester fee to expand Paulson Stadium.