Top News & Analysis Georgia

  • Feb 27- Even as U.S. officials warn of an inevitable outbreak of coronavirus in the United States, and are alerting Americans to take precautions, some health agencies charged with protecting the public appear unprepared to deal with the threat. President Donald Trump on Wednesday assured Americans that the risk of coronavirus transmission in the United...

  • WASHINGTON, Feb 26- Delta Air Lines Inc said on Wednesday it would temporarily cut flights to and from South Korea in half, citing global health concerns related to the coronavirus outbreak as U.S. airlines grapple with lagging travel demand. South Korea has the most virus cases outside China and reported 334 new cases on Thursday for a total of 1,595. South Korea...

  • WASHINGTON, Feb 26- Delta Air Lines Inc said on Wednesday it would temporarily cut flights to and from South Korea, citing global health concerns related to the coronavirus outbreak as U.S. airlines grapple with lagging travel demand. Delta will also reduce to five times weekly its services between Seoul and Atlanta, Detroit and Seattle through April 30.

  • CHICAGO/ WASHINGTON, Feb 25- The U.S. Centers for Disease Control and Prevention on Tuesday alerted Americans to begin preparing for the spread of coronavirus in the United States after infections surfaced in several more countries. The announcement signaled a change in tone for the Atlanta- based U.S. health agency, which had largely been focused on efforts to...

  • SINGAPORE, Feb 26- Chicago wheat and corn lost ground on Wednesday, with both markets falling for a fifth session in six, on worries about the spread of coronavirus to shores beyond China and its impact on global economic growth. Soybeans climbed a tick higher, though concerns over lean demand in top buyer China following the virus outbreak limited gains.

  • TOKYO, Feb 26- Japanese shares extended losses on Wednesday to their lowest in more than four months, as a spike in coronavirus infections beyond mainland China threatened to damage global economic growth, forcing investors to dump risky assets. Adding to the fears was an alert from the U.S. Centers for Disease Control and Prevention on Tuesday warning...

  • *The most active soybean futures on the Chicago Board Of Trade were down 0.1% at $8.87 a bushel by 0123 GMT, having closed 1.6% firmer on Tuesday. *The market was under pressure as fears mounted that the coronavirus outbreak in China will grow into a pandemic after sharp rises in infections in South Korea, Italy and Iran and other cases found in the Middle East Gulf.

  • TOKYO, Feb 26- Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on safe-haven Treasuries to record lows. That led MSCI's broadest index of Asia-Pacific shares outside Japan down 0.6%. Oil prices recovered some recent losses in Asia, but there...

  • WASHINGTON, Feb 24- A majority of the U.S. Supreme Court on Monday seemed inclined to find that the federal government had authority to grant a right of way for a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia. Environmental groups including the Sierra Club and Southern Environmental Law Center had...

  • WASHINGTON, Feb 24- A majority of the U.S. Supreme Court on Monday seemed inclined to find that the federal government had authority to grant a right of way for a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia. Environmental groups including the Sierra Club and Southern Environmental Law Center had...

  • WASHINGTON, Feb 24- The U.S. Supreme Court on Monday handed a victory to Walgreens, turning away an appeal by a fired former Florida employee of the pharmacy chain who asked not to work on Saturdays for religious reasons as a member of the Seventh-day Adventist Church. Patterson, who had trained customer service representatives at a Walgreens call center in...

  • NEW YORK, Feb 24- The S&P 500 fell more than 3% at the open on Monday, and the Dow Jones industrials plunged more than 800 points, as investors raced to safe-havens after a surge in coronavirus cases outside China stoked fears of a bigger impact to global economic growth. A rise in cases in Iran, Italy and South Korea over the weekend added to fears of a pandemic.

  • NEW YORK, Feb 21- Private equity firm New Mountain Capital LLC is exploring a sale of OneDigital, which could value the U.S. employee benefits and insurance broker at more than $2 billion, including debt, people familiar with the matter said on Friday. OneDigital generates around $150 million of 12- month earnings before interest, tax, depreciation and...

  • Feb 19- Rock-bottom corporate bond yields, high levels of business debt and one of the fastest expansions of stock market valuations on record are worrying some Federal Reserve officials who fret such financial imbalances could aggravate any negative shocks to the U.S. economy. Stocks are at record highs, corporate debt exceeds $10 trillion for the first time...

  • SEOUL, Feb 16- A U.S. trade panel preliminarily ruled in favor of South Korean electric vehicle battery maker LG Chem which had accused crosstown rival SK Innovation of misappropriating trade secrets, the companies said on Sunday. The so-called default judgment by the U.S. International Trade Commission could potentially mean SK Innovation, as sought by LG...

  • *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...

  • BAKU, Feb 10- BP plans to ramp up production at Azerbaijan's Shah Deniz gas field and keep output flat at the Azeri-Chirag-Guneshli oilfields this year, a senior regional official at the British oil major said on Monday. A BP-led consortium said last week that it produced on average 535,000 barrels per day of oil at ACG last year, a total of 26 million tonnes, down...