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Top News & Analysis Georgia

  • Lidl said in February it planned to open its first 20 U.S. stores in North Carolina, South Carolina and Virginia, with 80 more to follow in the United States within the first year. Lidl is owned by Germany's privately held Schwarz Group. According to the company's website, it is hiring workers in 38 cities in the eastern U.S. states of Delaware, Georgia, Maryland, New...

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. A legal battle could delay or put an end to the auction that could fetch some $18 billion and has attracted suitors such as...

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. California- based Western Digital is a long-standing joint venture partner in Toshiba's main semiconductor plant in...

  • WILMINGTON, Del/ NEW YORK, May 14- The owners of the unfinished Vogtle power plant in Georgia led by Southern Co agreed to cap Toshiba Corp's responsibility for its guarantees on the much-delayed nuclear project, helping ease the Japanese electronics maker's financial stress, people familiar with the matter said on Sunday. The deal is also contingent on the...

  • WILMINGTON, Del/ NEW YORK, May 14- The owners of the Vogtle nuclear power plant in Georgia led by Southern Co agreed to cap Toshiba Corp's responsibility for guarantees for its bankrupt Westinghouse subsidiary, helping ease the Japanese electronics maker's financial stress, people familiar with the matter said Sunday. The deal is also contingent on the owners...

  • Lidl said in February it planned to open its first 20 U.S. stores in North Carolina, South Carolina and Virginia, with 80 more to follow in the United States within the first year. Lidl is owned by Germany's privately held Schwarz Group. According to the company's website, it is hiring workers in 38 cities in the eastern U.S. states of Delaware, Georgia, Maryland, New...

  • May 12- Florida's attorney general has demanded records from Koch Foods Inc, Wayne Farms LLC and other chicken companies in connection with an investigation into anticompetitive conduct within the poultry industry, according to newly released documents. The documents, obtained from Florida Attorney General Pam Bondi's office by Reuters on Thursday in...

  • Republican Greg Gianforte campaigns for Montana's House of Representatives seat vacated by the appointment of Ryan Zinke to head the Department of Interior on April 22, 2017 in Bozeman, Montana.

    The president's party tends to lose ground in midterms, attracting eye-popping sums from both sides, USA Today reports.

  • ORWELL, Ohio, May 12- Three years ago if a customer walked onto Dan Reel's used car lot seeking a late-model off-lease Ford Escape, his answer was short: tough luck. That's enough to put more than 40 percent of the inhabitants of this small northeastern Ohio town, population 1,600, into the popular crossover. "The automakers have flooded the market," said Reel, owner of...

  • WASHINGTON, May 11- A major challenge to the U.S. watchdog for consumer finances fizzled on Thursday, as Congress missed a deadline to repeal the agency's new rule on prepaid cards. The timing made the rule eligible for Congress to repeal it under the Congressional Review Act, but lawmakers only had until Thursday to kill the regulation by passing a disapproval...

  • May 8- A federal jury on Monday cleared a Florida bank and its former chief executive of U.S. Securities and Exchange Commission charges that they downplayed real estate lending risks prior to the global financial crisis. Jurors in Miami found BBX Capital Corp, a Florida company once known as BankAtlantic Bancorp, and former Chief Executive Alan Levan not...

  • May 8- Tyson Foods Inc said on Monday quarterly profit fell 21 percent, hurt by fires at two chicken plants, and that Florida's attorney general was seeking information from the company regarding a probe into possible anticompetitive behavior. Net income attributable to Tyson declined to $340 million in the quarter ended April 1 from $432 million a year...

  • Republicans in the U.S. House of Representatives voted to undo Obamacare on Thursday, but even if the bill- known as the American Health Care Act- is passed by the Senate it would not solve a critical outstanding issue for insurers looking at 2018: Will the government continue to fund the cost-sharing subsidies that help individuals pay for care?

  • *Healthcare legislation heads to Senate after narrow passage. May 4- Wall Street ended flat on Thursday as a steep fall for the energy sector countered some solid earnings reports, with major stock indexes closing little changed after the U.S. House of Representatives passed a healthcare overhaul. The House on Thursday afternoon narrowly voted to repeal major...

  • May 3- Intercontinental Exchange Inc, which owns the New York Stock Exchange, reported a rise in first-quarter earnings on Wednesday, helped by higher futures volumes and data sales. Net income attributable to the exchange and clearinghouse operator rose to $502 million, or 84 cents per share, from $369 million, or 62 cents per share, a year earlier.

  • WILMINGTON, Del./ NEW YORK May 2- In 2012, construction of a Georgia nuclear power plant stalled for eight months as engineers waited for the right signatures and paperwork needed to ship a section of the plant from a factory hundreds of miles away. Those problems have led to an estimated $13 billion in cost overruns and left in doubt the future of the two plants, the...

  • WASHINGTON, May 1- The U.S. Supreme Court on Monday ruled that cities may sue banks over predatory mortgage lending to minorities that harms municipal finances, but cast doubt on whether such cases can succeed by throwing out a lower court decision that had allowed litigation brought by Miami to move forward. The Supreme Court ruling also affects a related case...

  • WASHINGTON, May 1- The U.S. Supreme Court on Monday ruled that cities may sue banks over predatory mortgage lending to minorities that harms municipal finances, but cast doubt on whether such cases can succeed by throwing out a lower court decision that had allowed litigation brought by Miami to move forward. The Supreme Court ruling also affects a related case...

  • WASHINGTON, May 1- The U.S. Supreme Court on Monday threw out a lower court ruling that had given Miami the green light to pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers, but gave the city another chance to argue its case. The court ruled 8-0 in tossing out a ruling in favor of Miami by the Atlanta- based 11th U.S....

  • WASHINGTON, May 1- The U.S. Supreme Court on Monday threw out a lower court ruling that had given Miami the green light to pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers, but gave the city another chance to argue its case. The court ruled 8-0 in tossing out the ruling in favor of Miami by the Atlanta- based 11th U.S....