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Top News & Analysis Atlanta

  • *Trump steps up rhetoric on North Korea. NEW YORK, Aug 11- Wall Street put a floor under global equities on Friday after a weak inflation reading brought investors back into U.S. stocks even as tensions between the United States and North Korea continued to escalate, though that tension still drove safe-haven buying of gold and the yen. The hope that the Fed will have...

  • Aug 11- The three major U.S. stocks indexes ended higher on Friday, snapping three days of losses, as investors bet on slower U.S. rate hikes, but gains were muted by increasingly aggressive exchanges between the United States and North Korea. While this gave investors some hope after a jittery week, there were still signs of nervousness in choppy late afternoon...

  • NOAA now raising tropical storm and hurricane forecast for 2017

    NOAA raised 2017 tropical storm and hurricane forecast

  • LONDON, Aug 8- British online fashion retailer ASOS is spending $40 million on a second U.S. distribution centre to support strong sales growth in what it hopes will become a major market. Established in 2000, ASOS is Britain's most valuable online fashion retailer, with a market capitalisation of 5 billion pounds, annual sales of 1.4 billion pounds and...

  • LONDON, Aug 8- British online fashion retailer ASOS is spending $40 million on a second U.S. distribution center to support strong sales growth in what it hopes will become a major market. Established in 2000, ASOS is Britain's most valuable online fashion retailer, with a market capitalisation of 5 billion pounds, annual sales of 1.4 billion pounds and...

  • NEW YORK, Aug 4- As old and new Amazon.com competitors gear up to report earnings, investors are eager to know how they plan to withstand the growth of the No. 1 online retailer. "Any retailer, whether it's an online retailer or has online presence, or just brick and mortar, that tells you theyre not concerned about Amazon, theyre either in denial or lying," said Steven...

  • Parcels delivered to residences, as well as large packages and those exceeding system weight limits, would face surcharges of up to 97 cents for two-day air services to residential addresses from Dec. 17-23, UPS said. A 27- cent surcharge per package will apply to UPS' ground service from Nov. 19 to Dec. 2 and between Dec. 17 and Dec. 23, UPS said. Baird Equity Research...

  • NEW YORK, Aug 3- Kabbage Inc, a U.S. online lender for small businesses, said on Thursday it had raised $250 million in equity funding from SoftBank Group Corp, the latest fintech investment by the Japanese technology conglomerate. The Atlanta- based startup, which operates in North America and Europe, will use the cash to add lending products and other types of...

  • FRANKFURT- ECB Governing Council meeting. THURSDAY, AUGUST 3 LONDON- Bank of England announces rate decision and publishes the minutes of the meeting after the rate decision and also Bank of England to release Inflation Report- 1100 GMT. SIOUX FALLS, South Dakota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • FRANKFURT- ECB Governing Council meeting. THURSDAY, AUGUST 3 LONDON- Bank of England announces rate decision and publishes the minutes of the meeting after the rate decision and also Bank of England to release Inflation Report- 1100 GMT. SIOUX FALLS, South Dakota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • NEW YORK, July 28- High-flying semiconductor stocks may be poised for more losses in the coming weeks as a large swath of chip names reports quarterly results in a sector that may have run up too far for some investors. Semiconductor and semiconductor equipment stocks are expected to see the highest growth within the tech sector, with year-over-year earnings...

  • The brief submitted by 50 companies to the 2nd U.S. Circuit Court of Appeals in Manhattan marks the first time such a large group of businesses has backed arguments about employment discrimination that LGBT groups and the administration of former President Barack Obama have made for years. The companies asked the 2nd Circuit to revive a lawsuit by the estate...

  • SEATTLE/ DETROIT, July 27- United Parcel Service Inc on Thursday reported a higher-than-expected quarterly net profit due to rising ecommerce deliveries but investors worried about the company's performance in the back-half of the year and shares fell 3.1 percent. Atlanta- based UPS posted second-quarter net income of $1.4 billion or $1.58 per share, up...

  • SEATTLE/ DETROIT, July 27- United Parcel Service Inc on Thursday reported a higher-than-expected quarterly net profit, citing a jump in ecommerce deliveries in its U.S. domestic package service, and confirmed its forecast for 2017.. The Atlanta- based company posted second-quarter net income of $1.4 billion or $1.58 per share, up nearly 8 percent from $1.3...

  • SEATTLE/ DETROIT, July 27- United Parcel Service Inc on Thursday reported a higher-than-expected quarterly net profit, citing a jump in ecommerce deliveries in its U.S. domestic package service and confirmed its forecast for 2017.. The world's largest package delivery company said revenue at its core U.S. domestic package service rose 8 percent during the...

  • DETROIT/ SEATTLE, July 27- United Parcel Service Inc on Thursday reported a higher-than-expected quarterly net profit, citing a jump in ecommerce deliveries in its U.S. domestic package service and confirmed its earnings for 2017.. The Atlanta- based company posted second-quarter net income of $1.4 billion or $1.58 per share, up nearly 8 percent from $1.3...

  • DETROIT, July 27- United Parcel Service Inc on Thursday reported a higher quarterly net profit due largely to a jump in ecommerce deliveries in its U.S. domestic package service. The Atlanta- based company posted second-quarter net income of $1.4 billion or $1.58 per share, up nearly 8 percent from $1.3 billion or $1.43 per share a year earlier.

  • Pulte, which sells single-family detached homes, said the average price of homes climbed 6.3 percent to $390,000 in the second quarter ended June 30. Pulte, which sells homes priced in the range of about $100,000 to over $1 million, said its number of homes sold rose to 5,044 from 4,772.. RBC Capital Markets' Robert Wetenhall said he had a positive view on the...

  • Pulte, which sells single-family detached homes, said the average price of homes sold climbed to $390,000 in the second quarter ended June 30, from $367,000 a year earlier. PulteGroup's net income fell to $100.7 million, or 32 cents per share, in the second quarter, from $117.8 million, or 34 cents per share, a year earlier. Excluding one-time items, the company earned...

  • WASHINGTON, July 21- The U.S. regulator of credit unions will soon close some regional and agency offices and reorganize others, as it works to cut costs and respond to changes in the industry, according to an announcement released on Friday. "Months of very hard work by agency staff have produced a solid, commonsense plan that will help the agency respond to a new...