Top News & Analysis Atlanta

  • *White House considering tax incentive to buy stocks- CNBC. NEW YORK, Feb 14- The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks. "In an election year, especially when the president is getting backlash that the tax cut...

  • Feb 13- LabCorp said on Thursday it has begun work on developing its own test for the coronavirus that has killed over 1,300 in China. Since late January, the U.S. Centers for Disease Control and Prevention has rushed to distribute the agency's testing kits to allow states to do their own testing rather than ship all samples to CDC headquarters in Atlanta.

  • Feb 12- Several U.S. states said new coronavirus test kits did not work, while others said they were reliable as the United States tried to speed up testing for virus cases, which rose to 14 on Wednesday. The problem is likely reagents, or enzymes, needed to carry out the tests, Nancy Messonnier, director of the CDC's National Center for Immunization and Respiratory...

  • Feb 12- Several U.S. states said new coronavirus test kits did not work, while others said they were reliable as the United States tried to speed up testing for virus cases, which rose to 14 on Wednesday. The problem is likely reagents, or enzymes, needed to carry out the tests, Nancy Messonnier, director of the CDC's National Center for Immunization and Respiratory...

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  • Feb 6- New York Stock Exchange owner Intercontinental Exchange Inc said it had decided to stop exploring deal options with eBay Inc, just hours after its chief executive said he would "love" to speak with the e-commerce company. "I didn't think it's particularly shocking and outrageous," Chief Executive Officer Jeffrey Sprecher told analysts on a post-earnings...

  • WASHINGTON, Feb 5- When Iranian-born German academic Erfan Kasraie received an email from The Wall Street Journal requesting an interview, he sensed something was amiss. The Nov. 12 note purportedly came from Farnaz Fassihi, a veteran Iranian-American journalist who covers the Middle East. In a report...

  • WASHINGTON, Feb 3- United Airlines said on Monday it will move up its temporary suspension of U.S.-bound flights from mainland China by one day to Tuesday. The airline, which is the last U.S. airline still conducting China flights, said on Friday it planned to fly its last flight from China on Wednesday because of the coronavirus outbreak. The White House said...

  • WASHINGTON, Feb 2- The U.S. Department of Homeland Security issued rules on Sunday to implement new restrictions on Americans who have recently visited China to address the threat of the coronavirus. The Trump administration is limiting flights from China and for Americans who have visited China within the last 14 days to eight major U.S. airports for enhanced...

  • The Trump administration is limiting flights from China and for Americans who have visited China within the last 14 days to seven major U.S. airports for enhanced screening: New York's JFK, Chicago's O'Hare, San Francisco, Seattle- Tacoma, Honolulu, Los Angeles and Atlanta. American Airlines Group Inc temporarily halted all flights to mainland China on Friday,...

  • Burger King said reasonable customers would ask about its cooking methods, and Williams would have known he could request an alternative method had he done even "the smallest amount of investigation" on its website or by reading media reports. Burger King is a unit of Toronto- based Restaurant Brands International Inc, which also owns the Canadian coffee and...

  • Chief Executive David Abney told Reuters it will not take the company long to show results. They sold shares after UPS forecast 2020 adjusted earnings of $7.76 to $8.06 per share- at least a penny below analysts' average estimate of $8.07 per share, according to IBES data from Refinitiv. Shares in UPS were down $7.20 to $108.56 in midday trading.

  • Chief Executive David Abney told Reuters it will not take the company long to show results. They sold shares after UPS forecast 2020 adjusted earnings of $7.76 to $8.06 per share- at least a penny below analysts' average estimate of $8.07 per share, according to IBES data from Refinitiv. Shares in UPS were down $7.20 to $108.56 in midday trading.

  • The world's biggest package delivery firm, which also reported quarterly profit that matched Wall Street's target, forecast adjusted 2020 earnings per share of $7.76 to $8.06, below analysts' average estimate of $8.07 per share, according to IBES data from Refinitiv. Atlanta- based UPS said adjusted net income rose 8.9% to $1.84 billion, or $2.11 per share, in the...

  • Jan 30- Coca-Cola Co's quarterly revenue beat market expectations on Thursday, driven by the beverage maker's signature soda, Fuze teas and coffees in North America and emerging markets. The Atlanta- based company has been pushing to launch more coffee, teas and low-sugar beverages to expand its offer of in-demand products as consumers move away from sugary...

  • The company said it expects adjusted 2020 earnings per share of $7.76 to $8.06, below analysts' average estimate of $8.07 per share, according to IBES data from Refinitiv. Atlanta- based UPS said adjusted net income rose to $1.84 billion, or $2.11 per share, in the fourth quarter ended Dec. 31, compared with $1.69 billion, or $1.94 share, a year earlier.

  • The company said it expects adjusted 2020 earnings per share between $7.76 and $8.06, below the midpoint of analysts' average estimate of $8.07 per share, according to IBES data from Refinitiv. Atlanta- based UPS said adjusted net income rose to $1.84 billion, or $2.11 per share, in the fourth quarter ended Dec. 31, compared with $1.69 billion, or $1.94 share, a year...

  • Jan 29- The Federal Reserve will keep injecting cash into the banking system and buying billions of dollars of Treasury bills for a few more months, but it aims to start dialing back on both in the second quarter, Chair Jerome Powell said Wednesday. Powell's comments, following the Fed's latest interest-rate setting meeting, provided investors with some clarity...

  • *Starbucks slips as virus prompts store closures in China. The Fed, as expected, held rates steady while offering no new guidance on its balance sheet or mentioning any economic risks that could come about from the coronavirus outbreak in China. "The biggest thing going on is earnings and obviously the coronavirus," said Thomas Martin, senior portfolio manager at...

  • CHICAGO, Jan 29- Beyond Meat said on Wednesday it will supply plant-based "fried chicken" to several KFC stores in Tennessee and North Carolina, after a test conducted last year showed strong consumer demand. It will be available next month in dozens of stores in and around Nashville, Tennessee, and Charlotte, North Carolina. Louisville, Kentucky- based KFC has over...