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Top News & Analysis Georgia

  • SAN FRANCISCO/ NEW YORK, Aug 6- President Donald Trump arrived in office having promised a bold $1 trillion infrastructure investment plan over 10 years for roads, bridges, airports and transit systems crumbling by the day across the United States. Through July, new municipal deals to fund transportation, utilities and power projects totaled $50.7 billion, down...

  • NEW YORK, Aug 4- As old and new Amazon.com competitors gear up to report earnings, investors are eager to know how they plan to withstand the growth of the No. 1 online retailer. "Any retailer, whether it's an online retailer or has online presence, or just brick and mortar, that tells you theyre not concerned about Amazon, theyre either in denial or lying," said Steven...

  • **Far and away the largest subsidy was the $2.3 billion in state and local incentives given to GM in 2009 for its Orion Township plant north of Detroit, which builds the Chevrolet Bolt EV and the Sonic. **Nevada has provided $1.6 billion in incentives since 2014 to two relatively young automakers: $1.3 billion to Tesla Inc for its battery factory outside Reno and $335...

  • Aug 4- Wells Fargo& Co will pay the U.S. government $108 million to settle a whistleblower lawsuit claiming it charged military veterans hidden fees to refinance their mortgages, and concealed the fees when applying for federal loan guarantees. The third-largest U.S. bank on Friday said the accord resolved claims that its Interest Rate Reduction Refinance...

  • Parcels delivered to residences, as well as large packages and those exceeding system weight limits, would face surcharges of up to 97 cents for two-day air services to residential addresses from Dec. 17-23, UPS said. A 27- cent surcharge per package will apply to UPS' ground service from Nov. 19 to Dec. 2 and between Dec. 17 and Dec. 23, UPS said. Baird Equity Research...

  • CHICAGO, Aug 3- If you are hovering around retirement age today, you will be closing in on your eighties in the year 2030. The United States is headed toward a severe shortage of caregivers- paid and unpaid- in the decades ahead, according to human resources expert Paul Osterman. A professor of human resources and management at the Massachusetts Institute of...

  • NEW YORK, Aug 3- Kabbage Inc, a U.S. online lender for small businesses, said on Thursday it had raised $250 million in equity funding from SoftBank Group Corp, the latest fintech investment by the Japanese technology conglomerate. The Atlanta- based startup, which operates in North America and Europe, will use the cash to add lending products and other types of...

  • FRANKFURT- ECB Governing Council meeting. THURSDAY, AUGUST 3 LONDON- Bank of England announces rate decision and publishes the minutes of the meeting after the rate decision and also Bank of England to release Inflation Report- 1100 GMT. SIOUX FALLS, South Dakota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • FRANKFURT- ECB Governing Council meeting. THURSDAY, AUGUST 3 LONDON- Bank of England announces rate decision and publishes the minutes of the meeting after the rate decision and also Bank of England to release Inflation Report- 1100 GMT. SIOUX FALLS, South Dakota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • CROIX, V.I., Aug 2- For a glimpse at the precarious financial health of this Caribbean island, visit its public hospital. For years the U.S. Virgin Islands funded essential public services with help from Wall Street. Trouble in neighboring Puerto Rico, which recently filed for a form of bankruptcy after a string of debt defaults, has investors worried that the U.S....

  • CROIX, V.I., Aug 2- For a glimpse at the precarious financial health of this Caribbean island, visit its public hospital. For years the U.S. Virgin Islands funded essential public services with help from Wall Street. Trouble in neighboring Puerto Rico, which recently filed for a form of bankruptcy after a string of debt defaults, has investors worried that the U.S....

  • A unit of SCANA Corp and state-owned Santee Cooper said on Monday they would abandon the twin-reactor project known as V.C. Summer. The utilities blamed the bankruptcy of project's contractor, Toshiba Corp's Westinghouse Electric Co, which said in March it could not afford to finish the fixed-price contract for V.C. Summer or a similar project in Georgia known...

  • COLUMBIA, S.C., July 31- South Carolina utilities said on Monday they are abandoning two unfinished reactors that were hailed as the start of a U.S. nuclear power renaissance before they were dogged by billions of dollars in cost overruns. The twin-reactor project known as V.C. Summer is majority owned by SCANA Corp, with state-owned utility Santee Cooper owning...

  • COLUMBIA, S.C., July 31- Two South Carolina utilities said on Monday they are abandoning two unfinished reactors that were hailed as the start of a U.S. nuclear power renaissance before they were dogged by billions of dollars in cost overruns. The twin-reactor project known as V.C. Summer is majority owned by SCANA Corp, with state-owned utility Santee Cooper...

  • COLUMBIA, S.C., July 31- Two South Carolina utilities said on Monday they are abandoning two unfinished reactors that were hailed as the start of a U.S. nuclear power renaissance before they were dogged by billions of dollars in cost overruns. The twin-reactor project known as V.C. Summer is majority owned by SCANA Corp, with state-owned utility Santee Cooper...

  • NEW YORK, July 28- With Republican efforts to dismantle Obamacare in disarray, hundreds of U.S. counties are at risk of losing access to private health coverage in 2018 as insurers consider pulling out of those markets in the coming months. Anthem Inc, Cigna Corp, Health Care Service Corp and Molina Healthcare, four of the biggest health insurers selling Obamacare...

  • NEW YORK, July 28- With Republican efforts to dismantle Obamacare in disarray, hundreds of U.S. counties are at risk of losing access to private health coverage in 2018 as insurers consider pulling out of those markets in the coming months. Anthem Inc, Cigna Corp, Health Care Service Corp and Molina Healthcare, four of the biggest health insurers selling Obamacare...

  • NEW YORK, July 28- With Republican efforts to dismantle Obamacare in disarray, hundreds of U.S. counties are at risk of losing access to private health coverage in 2018 as insurers consider pulling out of those markets in the coming months. So far, 40 U.S. counties are expected to have no insurer offering individual coverage next year, but that number could rise by...

  • NEW YORK, July 28- High-flying semiconductor stocks may be poised for more losses in the coming weeks as a large swath of chip names reports quarterly results in a sector that may have run up too far for some investors. Semiconductor and semiconductor equipment stocks are expected to see the highest growth within the tech sector, with year-over-year earnings...

  • The brief submitted by 50 companies to the 2nd U.S. Circuit Court of Appeals in Manhattan marks the first time such a large group of businesses has backed arguments about employment discrimination that LGBT groups and the administration of former President Barack Obama have made for years. The companies asked the 2nd Circuit to revive a lawsuit by the estate...