Top News & Analysis Georgia

  • MOSCOW, Aug 16- A draft law proposing to limit foreign ownership in' significant' Russian technology firms to 20% is not aimed at making its top search engine Yandex state-owned, the lawmaker behind the idea, Anton Gorelkin, said. "Facebook has about 20 million users in Russia, and Yandex has about 100 million," Gorelkin said. " We are talking about companies focused on...

  • Tech stocks, headed up by Apple Inc, led all three major U.S. indexes into the black following the announcement, which calmed fears over the U.S.- China trade war and growing signs of imminent recession. Trade Representative Robert Lighthizer said the United States would hold off on imposing additional 10% tariffs on key Chinese goods, including laptops and...

  • President Donald Trump said that the United States and China might not make a trade deal for now, ahead of the monthly supply/demand report. *Trump on Friday said that he was not ready to make a trade deal with China and had decided that U.S. would not do business with Chinese telecoms giant Huawei Technologies for the time being, prompting U.S. stocks to fall sharply.

  • Aug 9- Long before U.S. immigration authorities arrested 680 people at agricultural processing facilities in Mississippi this week, one of the five targeted companies faced allegations of serious labor violations including intimidation, harassment and exploitation of its largely immigrant work force, according to a federal lawsuit.

  • RUSSELLVILLE, ARK., Aug 8- Two years ago, Americas white nationalist movement stunned the country. "The strategy is internally focused now having families get together," said alt-right blogger Brad Griffin, a self-avowed white nationalist from Montgomery, Alabama. "Its a lot more fun to do that than to go out and tangle with Antifa" members of Americas far-left "...

  • Aug 6- Sprint Corp said on Tuesday it would launch a 5 G smartphone made by OnePlus, becoming the second U.S. wireless carrier after T-Mobile to offer a cellphone made by the Chinese company. Sprint, whose 5 G service is priced at $80 per month, is already offering 5 G smartphones from Taiwan's HTC and South Korean mobile makers, Samsung Electronics Co Ltd and LG...

  • Shares of the Dow component were up 1.3% at $56.00 at midday after the company said it added a net 245,000 phone subscribers during the quarter. "Verizon made history this quarter by becoming the first carrier in the world to launch 5 G mobility," said Verizon Chairman and CEO Hans Vestberg. Earlier this week, Verizon started servicing parts of Washington, Atlanta,...

  • "What I want to tell you is that the development we're doing on the 5 G technology is actually extremely fast compared to what I saw in 4 G," Verizon Chief Executive Officer Hans Vestberg said on a post-earnings call with analysts. Earlier this week, Verizon started servicing parts of Washington, Atlanta, Detroit and Indianapolis with 5 G. The earnings announcement...

  • July 31- ICE cotton futures rebounded on Wednesday on technical support after falling to a one-week low in the previous session, while negotiations between the United States and China to buy agricultural goods lent further support to prices. Prices are bouncing back from that level, "said Jim Nunn, owner of Tennessee cotton brokerage Nunn Cotton.

  • Investors are looking beyond the 25- basis-point cut and questioning whether this might be an insurance cut or a shift in monetary policy, said Art Hogan, chief market strategist at National Securities in New York. "There are a lot of risks on the horizon and the Fed in their shift in policy may now be willing to be more proactive than reactive," said Justin Boller...

  • NEW YORK, July 31- Shares of smaller U.S. companies have gotten cheap over the past year, significantly lagging their large-cap counterparts, and could be poised for a turnaround following a highly anticipated interest-rate cut from the Federal Reserve. Worries about a slowdown in economic growth have soured investor sentiment toward small-cap companies,...

  • *Trump fires new trade warning at China. NEW YORK, July 30- Wall Street lost ground on Tuesday after a warning from President Donald Trump to China amid ongoing trade negotiations pressured technology shares, while investors looked to an expected Federal Reserve interest rate cut at the conclusion of its monetary policy meeting. "Techs are weaker today, as Trump...

  • *Trump fires new trade warning at China. NEW YORK, July 30- U.S. stocks slipped on Tuesday after a warning from President Donald Trump to China pressured technology shares, while investors looked to an expected interest rate cut at the conclusion of the Federal Reserve's monetary policy meeting. "Trade and iPhone demand in China are going to be part of the issue," said...

  • WASHINGTON, July 30- Leaders of the U.S. House Energy and Commerce Committee on Tuesday asked the Food and Drug Administration about the potential threat to the U.S. heparin supply due to the outbreak of African swine fever in China. Energy and Commerce chairman Frank Pallone, a Democrat, and its top Republican, Greg Walden, and four other bipartisan leaders said in...

  • July 26- Robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing U.S. economic growth slowed less than expected in the second quarter. The U.S. Commerce Department said GDP increased at an annualized rate of 2.1% in the second quarter, higher than a 1.8% rate that economists polled...

  • LOS ANGELES, July 23- United Parcel Service Inc, the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business. UPS said Flight Forward could receive FAA certification for multiple drones and pilots as early as this...

  • LOS ANGELES, July 23- United Parcel Service Inc, the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business. UPS said Flight Forward could receive FAA certification for multiple drones and pilots as early as this...

  • Shares in the Atlanta- based company rose nearly 6% in morning trading to hit $54.1, a record high. "Our performance was largely driven by consumer demand for no sugar versions of some of our best-known sparkling soft drink brands as well as for the a smaller packages for less sugar," Chief Executive Officer James Quincey told analysts. As part of his plan to create a "...

  • As a part of Chief Executive Officer James Quincey's plan to create a "total beverage company", the company bought Britain- based Costa Coffee for $5 billion in a deal announced in 2018 and finalized this year. It recently rolled out ready-to-drink coffee in cans in the UK and a coffee based soda in several markets. Shares in the Atlanta- based company, a Dow Jones...

  • Coca-Cola bought Britain- based Costa Coffee for $5.1 billion and recently rolled out ready-to-drink coffee in cans in the UK and a coffee based soda in several markets. Net income attributable to the Atlanta, Georgia- based company rose to $2.61 billion, or 61 cents per share, from $2.32 billion, or 54 cents per share from a year ago. Excluding one-time items, the...