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Top News & Analysis Atlanta

  • The Atlanta- based company said it recorded $87.5 million in expenses related to the hack during the quarter, including legal fees, investigation of the breach, and free credit monitoring for U.S. consumers whose data was exposed in the breach. Equifax estimated a range of additional costs between $56 million and $110 million to continue providing the free...

  • The Atlanta- based company said it recorded $87.5 million in expenses related to the hack during the quarter, including legal fees, investigation of the breach, and credit monitoring for U.S. consumers whose data was exposed in the breach. Equifax estimated a range of additional costs between $56 million and $110 million to continue providing the free services.

  • Net income attributable to Equifax fell to $96.3 million, or 79 cents per diluted share, from $132.8 million, or $1.09 per diluted share, a year earlier. Adjusted for one-time costs, such as hacking- and merger-related expenses, Equifax said it earned $1.53 per share, beating an average of analysts' estimates by 4 cents, according to Thomson Reuters I/B/E/S.

  • The Atlanta- based company is expected to report a third-quarter profit, not including one-time costs such as those associated with the breach, of $1.49 per share, versus $1.42 a year earlier, according to Thomson Reuters I/B/E/S. Equifax shares are still down about 24 percent since then, at $107.92 around midday on Thursday, but have rebounded from a more than 2-1/...

  • Wall Street received a boost from a 3.33 percent gain in shares of Apple Inc, a day after the iPhone maker reported quarterly results. Traders see a 90.2 percent chance of a rate hike at the central bank's next meeting, according to Thomson Reuters data. Apple gave the biggest boost to each of the major Wall Street indexes after its stronger-than-expected results...

  • The company's shares were up 0.2 percent at $109.10 on Friday at midday, around 24 percent lower than on Sept. 7 when Equifax disclosed that cyber criminals had breached its systems and accessed sensitive information on 145.5 million consumers. Atlanta- based Equifax had been aware of the breach since July 29, days before some of its senior executives, including...

  • Some senior executives, including the company's chief financial officer, sold $1.8 million in shares three days after the company learned about the breach on July 29. The hack, among the largest ever recorded, was especially alarming due to the richness of the information exposed, which included names, birthdays, addresses and Social Security and driver's...

  • LONDON, Nov 2- GlaxoSmithKline received a boost for its oncology research on Thursday when an experimental drug for blood cancer received a "breakthrough" designation from U.S. regulators. The decision by the Food and Drug Administration paves the way for a speedy regulatory review of the BCMA drug for multiple myeloma. The actions by the U.S. and European...

  • *Tech sector on track for best day since March 2016. NEW YORK, Oct 27- Wall Street climbed on Friday, including a 2 percent jump in the Nasdaq, powered by strong earnings from tech heavyweights and Amazon, along with an upbeat statement from Apple on demand for its iPhone X. The index was on track for its best day since March 1, 2016 and is up nearly 35 percent on the year...

  • "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...

  • UPS delivery trucks

    It's an increase of 50 million packages from the company's 2016 peak season forecast.

  • Oct 26- United Parcel Service Inc told customers about extra holiday charges for 2018 much earlier than it did this year to give major retailers a full year to plan shipping schedules and defray costs, Chief Executive David Abney said on Thursday. "We heard clearly from our customers that they do their planning a year in advance," Abney told Reuters after UPS posted...

  • Thanksgiving holiday and New Year's Eve, about 40 million more than last year, it said. The Atlanta- based company's quarterly performance met Wall Street forecasts. UPS said it took a $50- million hit from hurricanes across the United States in August and September, and higher costs from Saturday delivery.

  • The world's largest package delivery company, often seen as a bellwether of U.S. economic activity, met Wall Street forecasts. UPS said it took a $50- million hit from hurricanes across the United States in August and September. Thanksgiving U.S. holiday and the new year, UPS will make 750 million deliveries worldwide, about 40 million more than last year, Chief...

  • UPS said it took a $50- million hit from hurricanes across the United States in August and September. The Atlanta- based company posted third-quarter net income of $1.26 billion or $1.45 per share, compared with $1.27 billion or $1.44 per share a year earlier, according to Thomson Reuters I/B/E/S. Analysts had expected earnings per share of $1.45.

  • Oct 26- United Parcel Service Inc reported a quarterly net profit on Thursday that was pulled down by the impact of hurricanes that hit the U.S. The Atlanta- based company posted third-quarter net income of $1.26 billion or $1.45 per share, down from $1.27 billion or $1.44 per share a year earlier. Analysts had expected earnings per share of $1.45.

  • UPS, the world's largest package delivery company, said its 4.9 percent increase would go into effect on Dec. 24 and apply to UPS Ground, UPS Air and International services, plus UPS Air Freight Rates in the United States, Canada and Puerto Rico. For instance, the surcharge for UPS Next Day Air packages will rise to 84 cents in 2018 from 81 cents this year, while the peak...

  • NEW YORK, Oct 25- Equifax Inc is running out of time to schedule its first quarterly results report since the massive breach that exposed sensitive data on 145.5 million people and erased more than $4 billion of the credit reporting firm's market value. Equifax has until Nov. 9 to release its results or seek an extension from the U.S. Securities and Exchange...

  • NEW YORK, Oct 25- Goldman Sachs Group Inc is ramping up its private-equity investments and going after smaller, high-growth targets as part of a broad plan to offset recent trading declines, three people familiar with the effort told Reuters. The initiative is led by senior investment banker Kathy Elsesser, who earlier this year took on the project in addition to...

  • NEW YORK, Oct 25- Goldman Sachs Group Inc is ramping up its private-equity investments and going after smaller, high-growth targets as part of a broad plan to offset recent trading declines, three people familiar with the effort told Reuters. The team scouting for deals is led by senior investment banker Kathy Elsesser, who earlier this year took on the project in...