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Top News & Analysis Georgia

  • Steering wheel, driving

    Some cities are better for driving than others — and that largely has to do with traffic and gas prices, according to a Waze study.

  • Dec 7- Air New Zealand Ltd became the latest airline to suffer from problems with Rolls- Royce Trent 1000 engines, saying on Thursday that "two recent events" had prompted it to cancel or delay some flights over the coming weeks. The shorter lifespans of the engines are creating a supply shortage in the industry which is also affecting British Airways and Virgin...

  • The company said Thursday that the cuts to both office and production jobs, will help "right-size" GE Power in a traditional power markets that is being upended globally. The cuts, representing 18 percent of all jobs at GE Power, will take place largely outside of the U.S. While no facilities are expected to close in Switzerland, the company said the GE Power...

  • FORT VALLEY, Ga. _ Blue Bird Corp. on Wednesday reported fiscal fourth-quarter profit of $14.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. Blue Bird expects full-year revenue in the range of $1 billion to $1.03 billion.

  • Dec 6- Home Depot Inc announced a $15 billion share buyback plan on Wednesday and said it would invest in improving its stores to hit a $120 billion annual sales target in the next three years. The retailer's shares fell 1.4 percent to $180.22 on the New York Stock Exchange as its latest buyback target pointed to a slowdown in the pace of repurchases.

  • NEW YORK— Small businesses are getting notices about their premium and coverage changes for 2018, and some are making adjustments because of that. Workshop Digital's premiums are soaring 55 percent, and co-founder Brian Forrester says the business will be less profitable as it absorbs that. He may have to ask the Richmond, Virginia- based marketing agency's...

  • Dec 6- Home Depot Inc announced a $15 billion share buyback on Wednesday and targeted annual sales of up to $120 billion over the course of the next three years as it accelerates investment in stores, employees and deliveries. The United States' largest home improvement store chain said it would complete buybacks this year worth $8 billion by the end of its fiscal...

  • NEW YORK— Home Depot is sticking by its outlook for the year and will buy back $15 billion in company shares. The Atlanta company is laying out its strategy to investors Wednesday, with CEO Craig Menear saying that the retail landscape is changing at an unprecedented pace. Sales in the most recent quarter surged, thanks in part to rebuilding efforts after a pair of...

  • ATLANTA _ SecureWorks Corp. on Wednesday reported a loss of $11.6 million in its fiscal third quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share. Four analysts surveyed by Zacks expected $115.6 million.

  • SEATTLE, Dec 6- The investigative arm of the U.S. Congress is launching a probe into the safety of increasingly long freight trains being operated by CSX Corp, Union Pacific Corp and other major U.S. railroads to boost profitability, the U.S. In addition to the GAO study, safety regulator the Federal Railroad Administration has beefed up its presence at CSX rail...

  • Baupost and GSO Capital Partners LP, the credit arm of private equity firm Blackstone Group LP, in September bought at a discount claims South Carolina utilities had against Toshiba stemming from nuclear projects Westinghouse failed to finish. But Toshiba on Tuesday secured roughly $5 billion in financing, which the Japanese company has said it will use to...

  • LOS ANGELES— The nation's homeless population increased this year for the first time since 2010, driven by a surge in the number of people living on the streets in Los Angeles and other West Coast cities. Increases are higher in several West Coast cities, where the explosion in homelessness has prompted at least 10 city and county governments to declare states...

  • Dec 5- United Parcel Service said on Tuesday some deliveries were being delayed because of a surge in holiday online shopping orders during the peak shipping period. Atlanta- based UPS, which has made major investments to upgrade and expand its facilities, said it shifted more employees and other resources to certain markets in its network and expected to have...

  • Along with rival FedEx Corp., UPS has benefited greatly in recent years from the growth in online shopping. By comparison, FedEx's express service scored better than 94 percent. Spokesman Jess Bunn said FedEx was proud of its record and anticipated record volumes.

  • ATLANTA _ Oxford Industries Inc. on Tuesday reported fiscal third-quarter net income of $1.1 million, after reporting a loss in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. For the current quarter ending in January, Oxford Industries expects its per-share...

  • ATLANTA _ HD Supply Holdings Inc. on Tuesday reported fiscal third-quarter earnings of $452 million. For the current quarter ending in January, HD Supply expects its per-share earnings to range from 41 cents to 47 cents. HD Supply expects full-year earnings in the range of $2.23 to $2.29 per share, with revenue ranging from $5.08 billion to $5.12 billion.

  • WASHINGTON— The Federal Reserve's Richmond regional bank announced on Monday that Thomas Barkin, a senior executive at global management consulting firm McKinsey& Co., will be the bank's next president. The selection was made by eligible directors of the Richmond bank's board of directors and was approved by members of the Fed board in Washington.

  • Southern Co. says the U.S. Securities and Exchange Commission has ended its securities fraud investigation into whether the utility misled investors about progress at a Mississippi power plant and won't recommend any enforcement action. The Atlanta- based parent of Mississippi Power Co. made the statement in a Friday securities filing.

  • JACKSON, Miss.— Regulators have reached a settlement with Mississippi Power Co. on how much customers should pay for a troubled $7.5 billion power plant once touted as a model for the future of coal. The unit of Atlanta- based Southern Co. is agreeing to lower the price tag on its Kemper County power plant by $85 million, its second round of concessions in the last two...

  • Senate leaders still were seeking commitments from three to five Republican members but said they were optimistic they had the 50 votes needed to pass the measure. Among the uncommitted were two fiscal hawk holdouts, Jeff Flake and Bob Corker. Republicans hold a 52-48 majority over Democrats in the Senate and have Vice President Mike Pence to break any tie...