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Top News & Analysis Atlanta

  • LONDON, Oct 20- Adidas has launched the first of six planned city-themed running shoe models in London as it capitalises on its first Speedfactory, which it has opened in Germany and equipped with time-saving robotics. After London it plans shoe models inspired by Paris, New York, Los Angeles, Tokyo and Shanghai. Adidas relies on more than one million workers in...

  • ATLANTA _ SunTrust Banks Inc. on Friday reported third-quarter net income of $538 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of $1.06 per share. Eight analysts surveyed by Zacks expected $2.29 billion.

  • The Atlanta- based bank said on Friday its net interest income rose 9.3 percent to $1.47 billion in the quarter ended Sept. 30. Net income available to common shareholders rose to $512 million from $457 million, a year earlier. Earnings per share rose to $1.06 from $0.91.

  • Oct 20- U.S. regional lender SunTrust Banks Inc's profit rose 12 percent in the third quarter, as interest rate hikes by the Federal Reserve drove higher net interest income. The Atlanta- based bank said on Friday net income available to its common shareholders climbed to $512 million in the quarter ended Sept. 30, from $457 million a year earlier.

  • "There is no better place to do business than Canada," Prime Minister Justin Trudeau said in an Oct. 13 letter to Amazon's Chief Executive Jeff Bezos, seen by Reuters. New Jersey proposed $7 billion in potential credits against state and city taxes if Amazon locates in Newark and sticks to hiring commitments, according to a news release from the governor's office...

  • Oct 19- A public contest ending Thursday to bid over housing Amazon.com Inc's second headquarters has drawn pitches from governors and a prime minister, marketing campaigns and offers of tax credits worth at least as much as $7 billion. "There is no better place to do business than Canada," Prime Minister Justin Trudeau said in an Oct. 13 letter to Amazon's Chief...

  • ALBANY, N.Y.— New York state would add greater protections for consumers and tougher regulations for credit monitoring firms following the massive Equifax breach under a series of proposals announced Thursday by a state senator. David Carlucci of Rockland County told The Associated Press he wants to see the Legislature require credit monitoring firms to...

  • ATLANTA _ Fidelity Southern Corp. on Thursday reported third-quarter earnings of $7.9 million. The holding company for Fidelity Bank posted revenue of $72.7 million in the period. Fidelity Southern shares have decreased almost 2 percent since the beginning of the year.

  • The two-level store in Manhattan's Herald Square, not far from the Macy's flagship, is about one-third the size of Target's average store. The Herald Square store is among 12 mostly small-format stores opening this week in urban markets like Chicago, Los Angeles and Philadelphia. While all retailers need to worry about online growth and the expansion of Amazon,...

  • BOSTON— Mayors from Toledo to Tulsa are so eager to woo Amazon's much-vaunted second headquarters that they've been brandishing bourbon, selling the sun, whispering sweet nothings to the company and even pushing its buttons. The Associated Press talked to the leaders of more than 50 cities or metropolitan regions about the different ways they're showcasing...

  • ATLANTA _ Genuine Parts Co. on Thursday reported third-quarter earnings of $158.4 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share. Genuine Parts expects full-year earnings in the range of $4.55 to $4.60 per share.

  • ATLANTA— The National Rifle Association is offering insurance for people who shoot someone, stirring criticism from gun-control advocates who say it could foster more violence and give gun owners a false sense of security to shoot first and ask questions later. Carry Guard insurance was launched this past spring by the NRA. Rates range from $13.95 a month for...

  • COLUMBUS, Ga.— Teresa White, the first woman and African-American president of Georgia- based insurance giant Aflac U.S., has the knack to inspire. So says Seychelle Hercules, a formerly bashful girl who went on to win Georgia's Miss Columbus pageant after hearing the trailblazing black executive speak. "She inspired me that day," said Hercules, who went on to win...

  • WASHINGTON, Oct 18- The U.S. economy expanded at a modest to moderate pace in September through early October despite the impact of hurricanes on some regions, the Federal Reserve said in its latest snapshot of the U.S. economy released on Wednesday, but there were still few signs of an acceleration in inflation. In the report, three of the Fed's 12 districts-...

  • ATLANTA, Oct 18- Delta Air Lines Inc's chief executive on Wednesday said the carrier did not play a role in pushing an industry-changing deal between planemakers Airbus and Bombardier Inc, as a regulatory spat between the United States and Canada threatened the future of a Bombardier plane program. The agreement for Bombardier to cede 50.01 percent stake in...

  • The report on Wednesday from the Commerce Department also showed a decline in building permits, raising concerns that the housing market recovery was stalling. "Residential construction should be a hefty drag on third-quarter GDP growth," said Michael Gregory, deputy chief economist at BMO Capital Markets in Toronto. Housing starts decreased 4.7 percent to a...

  • ATLANTA, Oct 18- Delta Air Lines' chief executive on Wednesday said the carrier did not play a role in pushing an industry-changing deal between planemakers Airbus and Bombardier, as a regulatory spat between the United States and Canada threatened the future of a Bombardier plane program.

  • BOSTON— Mayors from Toledo to Tulsa are so eager to woo Amazon's much-vaunted second headquarters that they're brandishing bourbon, selling the sun, whispering sweet nothings to the company and even pushing its buttons. The Associated Press talked to the leaders of more than 50 cities or metropolitan regions about the different ways they're showcasing...

  • MONTREAL/ TOULOUSE, France, Oct 17- Boeing Co said on Tuesday that Bombardier Inc's CSeries jets could still be hit with high U.S. import duties, even if they are assembled in Alabama through an industry-changing deal with Airbus. The deal announced on Monday gives Airbus a majority stake in Bombardier's troubled CSeries jetliner programme, securing the plane's...

  • *CSeries faces punitive duties in United States. By Allison Lampert and Tim Hepher. MONTREAL/ TOULOUSE, France, Oct 17- Airbus has agreed to take a majority stake in Bombardier's troubled CSeries jetliner programme, securing the plane's future and giving the Canadian firm a possible way out of a damaging trade dispute with Boeing.