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US job-training review emphasizes data, employers

Updated: 1:06 p.m. Tuesday, July 22, 2014

As the U.S. economy adds new jobs, Americans must have the skills to fill those jobs, President Barack Obama said Tuesday. Obama spoke at a signing ceremony for bipartisan job-training legislation aimed at improving business engagement and accountability in federally funded programs. Obama said it will give states and cities ...

McDonald's profit slips; US sales decline
FILE - In this July 11, 2013 photo, a taxi cab passes a McDonald's restaurant in New York's Times Square. McDonald's Corp. reports quarterly financial results before the market opens on Tuesday, July 22, 2014. (AP Photo/Mark Lennihan, File)

Updated: 12:41 p.m. Tuesday, July 22, 2014

McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag. The world's biggest hamburger chain has been struggling to boost sales in its flagship market amid intensifying competition, changing eating habits and the persistent financial struggles of its lower-income customers. In the ...

Coke's sales miss estimates as Diet Coke flags
FILE - This July 15, 2013 file photo shows bottle tops of Coca-Cola 8 oz. bottles in Doral, Fla. The Coca-Cola Co. reports quarterly financial results before the market opens on Tuesday, July 22, 2014. (AP Photo/Wilfredo Lee, File)

Updated: 12:36 p.m. Tuesday, July 22, 2014

Coca-Cola Co. reported sales that fell short of Wall Street estimates on Tuesday as demand weakened for Diet Coke in North America. Globally, the world's biggest beverage maker, said sales volume rose 3 percent in the second quarter, boosted by gains in places including China, India and the Middle East. ...

Delta suspends service to Israel; FAA orders all US flights halted
Delta said its Flight 468, a Boeing 747 from JFK with 273 passengers and 17 crew, diverted to Paris-Charles de Gaulle on Tuesday after reports of a rocket or associated debris near the airport in Tel Aviv. The plane shown above is a file photo.

11:24 a.m. Tuesday, July 22, 2014

The Federal Aviation Administration ordered U.S. airlines to halt flights to Israel’s main airport in Tel Aviv after the threat of rocket fire prompted Atlanta-based Delta Air Lines and other carriers to suspend and divert service.Delta was the first to suspend service between its New York-JFK hub and Israel’s Ben ...

Comcast 2Q earnings top views on Internet hookups
FILE - This Feb. 15, 2011 file photo shows Comcast installation trucks in Pittsburgh. Comcast Corp. reports quarterly financial results before the market opens Tuesday, July 22, 2014. (AP Photo/Gene J. Puskar, File)

Updated: 10:23 a.m. Tuesday, July 22, 2014

Comcast Corp.'s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated. Its adjusted earnings topped Wall Street estimates, and Comcast shares edged up in morning trading. The nation's largest cable ...

Marlboro maker Altria's 2Q profit stays flat
FILE - This Oct. 15, 2010 photo, Marlboro cigarettes are on display at a liquor store in Palo Alto, Calif. Marlboro maker Altria Group Inc. reports quarterly financial results before the market opens on Tuesday, July 22, 2014. (AP Photo/Paul Sakuma, File)

Updated: 9:58 a.m. Tuesday, July 22, 2014

Marlboro maker Altria Group posted flat second-quarter earnings Tuesday as higher prices helped to offset decline in the number of cigarettes it sold. The owner of the nation's biggest cigarette maker, Philip Morris USA, also announced a new $1 billion share buyback program to be completed by the end of ...

Verizon 2Q profit rises 93 percent
FILE - This Oct. 17, 2012 file photo, shows a Verizon Wireless store in Little Rock, Ark. Verizon Communications Inc. reports quarterly financial results before the market opens Tuesday, July 22, 2014. (AP Photo/Danny Johnston, File)

Updated: 8:54 a.m. Tuesday, July 22, 2014

Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless. Profit jumped to $4.32 billion from $2.25 billion, or 78 cents per share. Net income per share grew, but at a lower rate, to $1.01 per share from 78 cents per share. That's ...

DuPont 2Q profit climbs 3.9 percent
FILE - This Jan. 23, 2012 file photo shows the Dupont logo on sheets of Tyvek insulation covering the outside wall of a home under construction in Springfield, Ill. Dupont reports quarterly financial results before the market opens on Tuesday, July 22, 2014. (AP Photo/Seth Perlman, File)

Updated: 8:34 a.m. Tuesday, July 22, 2014

DuPont Co. (DD) on Tuesday reported net income that climbed by 3.9 percent in its second quarter, matching analyst expectations. Shares of the Wilmington, Delaware, company jumped before markets opened and after it released results. DuPont said profit increased to $1.07 billion, or $1.15 per share, from $1.03 billion, or ...

Coca-Cola profit down, despite more N. America sales
Coca-Cola said revenue was $12.6 billion in the second quarter of 2014, compared with $12.75 billion during the same period a year ago.

8:33 a.m. Tuesday, July 22, 2014

Coca-Cola fell short in earnings in the second quarter, with revenues down 1 percent and profit falling 3 percent. But volume for regular Coke, its leading brand, was up 1 percent in North America, its biggest market. That improvement is significant because Americans increasingly have been turning away from sodas ...

CIT Group buying OneWest Bank in $3.4B deal

Updated: 7:24 a.m. Tuesday, July 22, 2014

CIT Group will buy privately owned OneWest Bank in a $3.4 billion cash-and-stock deal. OneWest, a regional bank whose parent company is IMB Holdco LLC, runs 73 retail branches in southern California. IMB shareholders will receive $2 billion in cash and 31.3 million CIT Group shares that are currently valued ...

Atlanta home prices rise, sales fall as supply remains low

5:05 p.m. Monday, July 21, 2014

It’s been a consistent theme for months. The long march toward recovery for metro Atlanta’s housing market continued last month as a shortage of homes for sale caused prices to rise and sales to lag. The number of single-family home sales was down 1.2 percent in June from a year ...

Genuine Parts hits record Q2 sales, but profit down

5:04 p.m. Monday, July 21, 2014

Automotive parts distributor Genuine Parts Company had record sales of $3.9 billion in the second quarter of 2014, but profit dropped more than 8 percent.Net income for the Atlanta-based owner of NAPA auto parts and Motion Industries was $198 million compared to the $216.4 million recorded in the same period ...

Newell Rubbermaid buying Contigo, Avex brands for $308M

12:42 p.m. Monday, July 21, 2014

Sandy Springs-based Newell Rubbermaid said it will acquire Ignite Holdings LLC, the company behind the Contigo and Avex insulated, beverage-container brands, for $308 million.Newell Rubbermaid is acquiring Ignite from the private equity firm North Castle Partners.“We intend to invest behind the business to build on Ignite’s current strong momentum, expanding ...

Shop smart for back-to-school supplies

11:55 a.m. Monday, July 21, 2014

Anyone who has been to their local Target or Wal-Mart lately knows that back-to-school shopping season has begun. Just as with the holiday shopping season, the $75 billion industry that is back-to-school and college has crept up on the calendar. Promotions from some retailers were announced before Independence Day. According ...

Delta strikes oil deal

11:40 a.m. Monday, July 21, 2014

A Delta Air Lines subsidiary is boosting the supply of domestic crude oil at its refinery to reduce the carrier’s fuel costs. Jet fuel is Delta’s No. 1 expense. When airlines raise fares, they often place the blame on high jet fuel prices. Atlanta-based Delta bought the refinery near Philadelphia ...

Verizon launches rewards program with tracking
This June 4, 2014 photo shows signage at a Verizon Wireless retail store at Downtown Crossing in Boston. Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their movements tracked so the company can help target ads that match their interests. (AP Photo/Charles Krupa)

Updated: 11:12 a.m. Monday, July 21, 2014

Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their movements tracked so the company can help target ads that match their interests. Verizon is the first wireless carrier ...

Delta-owned refinery strikes oil supply deal

10:48 a.m. Monday, July 21, 2014

A Delta Air Lines subsidiary is boosting the supply of domestic crude oil at its refinery to reduce the carrier’s fuel costs. Jet fuel is Delta’s No. 1 expense. When airlines raise fares, they often place the blame on high jet fuel prices. Atlanta-based Delta bought the refinery in 2012 ...

Verizon boosts FiOS uploads to match downloads
FILE - In this March 13, 2009 file photo, Tyson Hoffman, a Verizon service technician, checks a cable as he connects it to the Verizon FiOS fiber network in Rockville, Md. Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to upload videos and back up their files online, the company announced Monday, July 21, 2014. (AP Photo/Alex Brandon, File)

Updated: 10:48 a.m. Monday, July 21, 2014

Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to send videos and back up their files online. Starting Monday, all new subscribers will get "symmetrical" connections. The cheapest plan will deliver 25 megabits ...

Newell Rubbermaid buying Contigo, Avex brands
President and Chief Executive Officer Michael Polk said the Ignite Holdings acquisition is part of a new plan to “transform Newell Rubbermaid into a larger, faster growing, more global and more profitable company.”

10:42 a.m. Monday, July 21, 2014

Sandy Springs-based Newell Rubbermaid said it will acquire Ignite Holdings LLC, the company behind the Contigo and Avex beverage container brands, for $308 million. Newell Rubbermaid is acquiring Ignite from the private equity firm North Castle Partners. “We intend to invest behind the business to build on Ignite’s current strong ...

Atlanta home sales down, prices up in June

9:38 a.m. Monday, July 21, 2014

Atlanta home prices kept rising in June, as the market continued to reflect the mismatch of higher demand and a relatively limited supply of homes for sale. According to the monthly report of the Atlanta Board of Realtors, released today, the median sales price for single family homes during the ...

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