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  • AT&T hit with $100M fine, company vows to fight Wednesday, 17 Jun 2015 | 12:07 PM ET

    But once the consumer hit a certain level, the data on unlimited plans would be slowed down significantly, at speeds lower than advertised, the FCC said. AT&T said it would "vigorously dispute" the fine, which was the largest proposed in FCC history. If AT&T can provide evidence that the FCC allegations are wrong, the fine could be reduced.

  • June 12- Shares of Wingstop Inc, a Dallas- based chicken wing restaurant chain, rose nearly 70 percent in their market debut on Friday, valuing the company at $914 million. Wingstop, which operates over 750 "pre-jet" aviation-themed restaurants in the United States and six other countries, makes chicken wings in a dozen quirky flavors, ranging from the spiciest "...

  • June 11- Apple Inc will no longer be working with lead construction firms DPR Construction Inc and Skanska USA on its new "Spaceship" campus, the Silicon Valley Business Journal reported on Tuesday. Apple and Skanska were "unable to come to an agreement during negotiations for the revised scope of work," the construction company's chief, Richard Cavallaro, wrote in...

  • June 11- Apple Inc will no longer be working with lead construction firms DPR Construction Inc and Skanska USA on its new "Spaceship" campus, the Silicon Valley Business Journal reported on Tuesday. Apple and Skanska were "unable to come to an agreement during negotiations for the revised scope of work," the construction company's chief, Richard Cavallaro, wrote in...

  • June 11- Delta Air Lines Inc has reached a tentative deal with its union to pay pilots more than competitors, while making its profit-sharing plan less generous in some cases. The Delta Master Executive Council, part of the Air Line Pilots Association, approved the deal Wednesday. The hikes place wages 3.5 percent above American Airlines Group Inc and 13.5...

  • In a letter made public on Wednesday evening, the U.S. Justice Department's civil division, writing on the SEC's behalf, declared the June 8 decision by an Atlanta- based federal judge to be "wrongly decided" and riddled with flaws. 1/ 8 ID: nL1N0YU225 3/ 8. The SEC is pursuing civil insider-trading charges against Hill through its own in-house administrative court,...

  • INSIGHT-Automated lenders threaten to eat banks' lunch Thursday, 11 Jun 2015 | 1:00 AM ET

    NEW YORK, June 11- When Kevin Pereira needed a loan last year for his shaving gear business, his bank, Wells Fargo, considered his application and turned him down. Kabbage, Lending Club and On Deck are among the lenders making small business and consumer loans that more established banks are less eager to approve. Non-traditional lenders could siphon away as much as...

  • The Consumer Financial Protection Bureau has been flagging its concerns about overdraft practices since 2012 and said in July that it would address the issue with new regulations. The data shows that lenders including Atlanta- based SunTrust Banks Inc and Birmingham-based Regions Financial Corp could be hit if, as analysts expect, the CFPB caps fees and...

  • In an unusual hearing before a standing room-only audience, trial lawyers for the U.S. Securities and Exchange Commission sought to convince the regulator's commissioners of the legality of SEC administrative proceedings. The case involved Timbervest LLC, which was seeking to overturn an August decision by SEC Administrative Law Judge Cameron Elliot...

  • *Atmel jumps on M&A report. June 8- U.S. stocks ended lower on Monday as investors worried about Greece and mulled the prospect of the Federal Reserve raising interest rates as early as September. The market is cringing at that idea, "said Frank Davis, director of sales and trading at LEK Securities in New York.

  • NEW YORK, June 8- Could prison stocks be poised for a breakout? The two main prison operators have been dogged by the prospect of new government regulations, with presidential candidates Hillary Clinton and Senator Rand Paul among those calling for criminal justice reform, an issue seen as a threat to the group. Corrections Corporation of America, which has a...

  • June 4- Delta Air Lines Inc on Thursday said its operating profit margin this quarter could be lower than it expected as the U.S. airline industry wrestles with slightly weaker U.S. demand and with oil prices inching up. Delta's shares fell more than 1 percent while United's tumbled more than 2 percent after Compton said United was pricing competitively to...

  • Police met U.S. Airways flight 648, with 88 passengers and five crew on board, when it landed at Philadelphia International Airport due to a "possible security threat," said Victoria Lupica, a spokeswoman for U.S. Airways' parent company, American Airlines Group Inc. NBC and CNN reported that other U.S. commercial flights received bomb threats on Tuesday: a United...

  • May 28- Amazon.com Inc said on Thursday it will offer limited free same-day delivery under its Prime shipping service as retailers try to outdo each other on delivery deals, and expanded the service to San Diego and the Tampa Bay Area. Amazon offers same-day delivery to Prime members for $5.99 per order and non-members for $8.99, plus 99 cents per unit.

  • May 28- Amazon.com Inc said on Thursday it will expand same-day delivery to San Diego and the Tampa Bay Area under its Prime shipping service, which has been an engine of revenue growth for the online seller. Amazon offers same-day delivery to Prime members for $5.99 per order and non-members for $8.99 plus 99 cents per unit. The same-day delivery service is...

  • May 26- Delta Air Lines Inc on Tuesday announced new flights from Seattle to five destinations in its latest move to strip market share from Alaska Air Group Inc, which is based in that city. Investors worry that overlaps with the airport's larger operator Alaska Airlines could lead to lower ticket prices and revenue from Seattle. Delta said it would begin...

  • *Bank of Japan keeps policy unchanged, as expected. NEW YORK, May 22- The U.S. dollar turned higher on Friday, spurred off early losses after a U.S. inflation report that indicated underlying pressures are building bolstered the case for the U.S. "Stronger inflation, along with stronger growth data, is something that the Fed certainly wants to see," said Brian...

  • An SEC statement said Gray Financial Group steered public pension fund clients into an investment fund that did not comply with state law and collected more than $1.7 million as a result. The SEC said the investments violated Georgia law because they did not have at least four other investors and did not have a minimum of $100 million in assets.

  • Atlanta firm charged by SEC over public pension funds Thursday, 21 May 2015 | 11:35 AM ET

    WASHINGTON, May 21- The U.S. Securities and Exchange Commission on Thursday announced fraud charges against an Atlanta- based investment advisory firm and two of its executives for their handling of the city's pension funds for police, firefighters, transit workers and other employees.

  • *Q1 ex items $1.16/ share vs. *Sees full-year profit $5.24 to $5.27/ share. May 19- Home Depot Inc reported higher-than-expected quarterly profit and sales on Tuesday and raised its full-year earnings forecast as North American customers spent more on home repairs after a harsh winter.