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Blue Bird posts 2Q profit

FORT VALLEY, Ga. _ Blue Bird Corp. on Monday reported fiscal second-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier. Blue Bird expects full-year revenue in the range of $960 million to $985 million. Blue Bird shares have decreased roughly 1 percent since the beginning of the year.

Source: The Associated Press

Georgia approves $7.5M for joint seaport with South Carolina

SAVANNAH, Ga.— The Georgia Ports Authority approved $7.5 million on Monday for the first big steps toward building a new seaport terminal on the Savannah River, to be operated jointly with South Carolina. Both states have spent years discussing, studying and debating the proposed $4.5 billion Jasper Ocean Terminal, which would occupy 1,500 acres in Jasper...

Source: The Associated Press

Flowers Foods misses Street 1Q forecasts

THOMASVILLE, Ga. _ Flowers Foods Inc. on Wednesday reported first-quarter net income of $59.4 million. Flowers Foods expects full-year earnings to be $1 to $1.06 per share, with revenue in the range of $3.99 billion to $4.08 billion. Flowers Foods shares have dropped 14 percent since the beginning of the year.

Source: The Associated Press

Citi Trends posts 1Q profit

SAVANNAH, Ga. _ Citi Trends Inc. on Wednesday reported fiscal first-quarter earnings of $8.7 million. Citi Trends shares have declined 24 percent since the beginning of the year. Keywords: Citi Trends, Earnings Report.

Source: The Associated Press

AdCare Health reports 1Q loss

ROSWELL, Ga. _ AdCare Health Systems Inc. on Monday reported a loss of $2 million in its first quarter. The Roswell, Georgia- based company said it had a loss of 19 cents per share. Keywords: AdCare Health Systems, Earnings Report.

Source: The Associated Press

Neenah posts 1Q profit

ALPHARETTA, Ga. _ Neenah Paper Inc. on Wednesday reported first-quarter net income of $19 million. The Alpharetta, Georgia- based company said it had profit of $1.11 per share. Keywords: Neenah Paper, Earnings Report.

Source: The Associated Press

Americans deserve better than the IRS

Rep. Rick Allen said it's time to stop the IRS from targeting people for audits. It's a violation of the First Amendment.

Source: CNBC.com

UPDATE 1-Fed's Lockhart says rate hike possible at April meeting

SAVANNAH, Ga., March 21- The United States may be in line for an interest rate hike as soon as April, Atlanta Fed President Dennis Lockhart said on Monday, another sign that policymakers are comfortable allowing U.S. monetary policy to diverge from other major economies. But given continued U.S. economic growth, "there is sufficient momentum evidenced by the...

Source: Reuters

Fed policymakers now have "fairly uniform" rate outlook -Lockhart

SAVANNAH, Ga., March 21- U.S. central bankers now have a "fairly uniform" outlook about the path of expected monetary policy and the economy, Atlanta Fed President Dennis Lockhart said on Monday. The most recent economic projections show a majority of policymakers on the Fed's interest rate-setting committee expect two rate hikes this year, which Lockhart said...

Source: Reuters

Fed's Lockhart says rate hike possible at April meeting

SAVANNAH, Ga., March 21- The United States may be in line for an interest rate hike as soon as April, Atlanta Fed President Dennis Lockhart said on Monday, another sign that policymakers are comfortable allowing U.S. monetary policy to diverge from other major economies. But given continued U.S. economic growth, "there is sufficient momentum evidenced by the...

Source: Reuters