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Business

FLEETCOR Technologies: Fourth Quarter 2020 Results – February 4, 2021

FLEETCOR Technologies to Announce Fourth Quarter 2020 Results on February 4, 2021 ATLANTA, GA (STL.News) FLEETCOR Technologies, Inc. (NYSE: FLT), today announced that the Company will host a conference call to discuss fourth quarter financial results on Thursday, February 4, 2021 at 5:30 pm ET. Hosting the call will be Ron Clarke, chief executive officer, Charles Freund, chief financial officer and Jim Eglseder, investor relations. A press release with fourth quarter financial results will be issued after the market close that same day. The call will be webcast live from the Company's investor relations website at http://investor.fleetcor.com/. Due to increased call volumes, we encourage you to utilize the live webcast. However, the conference call can also be accessed live over the...

Business

Genuine Parts Company – 4th Quarter 2020 Earnings Release Date

ATLANTA, GA (STL.News) Genuine Parts Company (NYSE: GPC) plans to release Fourth Quarter Earnings on February 17, 2021. Management will also conduct a conference call on this date at 11:00 a.m. Eastern time. The public may access the call and supplemental earnings deck on the Company's website at http://genuineparts.investorroom.com. The call is also available by dialing 877-407-0789. The conference ID is 13715052. If you are unable to participate during the call, a replay of the call will be available on the Company's website or toll-free at 844-512-2921, ID 13715052, two hours after the completion of the conference call until 12:00 a.m. Eastern time on March 3, 2021.

Business

Genuine Parts Company Appoints Will Stengel To President

ATLANTA, GA (STL.News) Genuine Parts Company (NYSE: GPC) announced today that its Board of Directors has appointed William P. Stengel to the position of President of Genuine Parts Company. Mr. Stengel, 43, was previously Executive Vice President and Chief Transformation Officer of the Company and becomes only the eighth President in the Company's 93-year history. He will continue to report to Paul Donahue, Chairman and Chief Executive Officer. Mr. Donahue stated, "Will is an exceptional talent, and his proven leadership and relevant experience make him an excellent choice as the Company's next President. His promotion is also a reflection of our board and management's ongoing commitment to succession planning for the Company. As Chief Transformation Officer, Will has led the effecti...

Uncategorized

Atlanta Federal Reserve Appoints Birmingham Branch Board

BIRMINGHAM, AL (STL.News) The Federal Reserve Bank of Atlanta announces the appointment of two new members to the Birmingham Branch board of directors to serve three-year terms beginning January 1, 2021, and ending December 31, 2023. Maye Head Frei was appointed by the Board of Governors. She is board chair of Ram Tool Construction Supply Company in Birmingham. From 1997 to 2017, Frei was vice chair of administration at the family-owned business, which is one of the largest suppliers to commercial construction markets in the United States. She is a graduate of Yale University. Larry D. Thornton Sr. was appointed by the Atlanta board of directors. He is president and CEO of Thornton Enterprises in Birmingham, a McDonald's franchisee with seven restaurants in the Birmingham area. ...

Business

Jacksonville, FL: Federal Reserve Board of Directors Appointed

JACKSONVILLE, FL (STL.News) The Federal Reserve Bank of Atlanta announces the appointment of Edward A. Moratin to the Jacksonville Branch board of directors. He was appointed by the Board of Governors to a three-year term beginning January 1, 2021, and ending December 31, 2023. Since 2013, Moratin has been the president and CEO of LIFT Orlando, a nonprofit organization founded in 2013 to help break the cycle of poverty and accelerate community transformation through neighborhood revitalization. The Bank also announces the reappointment of William O. (Bill) West, CEO of the Bank of Tampa by the Atlanta board of directors to a three-year term beginning January 1, 2021, and ending December 31, 2023. The remaining directors of the Atlanta Fed's Jacksonville Branch include: Paul ...

Business

Chair, Deputy Chair of Atlanta Fed’s Board of Directors Designated

ATLANTA, GA (STL.News) The Federal Reserve Bank of Atlanta announces the designation of Elizabeth A. Smith as the 2021 chair of its board of directors, and Claire Lewis Arnold as the 2021 deputy chair. Both are Class C directors, appointed to the board by the Board of Governors in Washington, DC. Smith is former executive chair of Bloomin' Brands Inc. in Tampa, Florida, and previously served as chairman and CEO for the restaurant brand that includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. Prior joining to Bloomin' Brands, she was president of Avon Products and previously worked in several roles at Kraft Foods. She is a graduate of the University of Virginia and Stanford Graduate School of Business. Arnold is CEO of...

Health

Georgia Department of Public Health Launches COVID Vaccine Locator

Atlanta, GA (STL.News) The Georgia Department of Public Health (DPH) is launching a COVID vaccine locator on the DPH website at https://dph.georgia.gov. The tool allows users to search by county for a vaccine provider in their community, and provides location and contact information for the provider. This is not a centralized scheduling tool. County health departments and private providers are included in the locator. Additional locations statewide will be added when providers are ready to safely administer vaccine, and as vaccine supply allows. All health departments and most other providers require appointments for vaccine administration. Because vaccine supply is limited, providers may not have immediate appointments available. Effective tomorrow, Jan. 11, Georgia will be in phase...

Politics

Pompeo to Deliver Remarks at Georgia Institute of Technology

Secretary Pompeo to Deliver Remarks at Georgia Institute of Technology (STL.News) Secretary of State Michael R. Pompeo will deliver remarks on the China challenge to U.S. national security and academic freedom at Georgia Institute of Technology in Atlanta, Georgia, at 10:00 a.m. on Wednesday, December 9, 2020. Source: STATE.Gov

General

Syndicated Conservation Easement Tax Scheme

Atlanta Tax Professionals Plead Guilty To Promoting Syndicated Conservation Easement Tax Scheme Involving More Than $1.2 Billion In Fraudulent Charitable Deductions First DOJ Criminal Case Involving Syndicated Conservation Easements Scheme Defrauded IRS out of More than $250 Million in Taxes CHARLOTTE, N.C (STL.News) On Monday, December 21, 2020, Stein Agee, 42, of Canton, Georgia and Corey Agee, 38, of Atlanta, Georgia, appeared before U.S. Magistrate Judge W. Carleton Metcalf and entered guilty pleas to conspiracy charges related to their roles in a wide-ranging scheme to defraud the IRS with respect to the assessment and collection of U.S. individual income taxes, announced United States Attorney for the Western District of North Carolina R. Andrew Murray, Principal Deputy Assistant A...

Business

Intercontinental Exchange Elects Shantella Cooper, Mark Mulhern to ICE Board of Directors

ATLANTA & NEW YORK (STL.News) Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced today that its Board of Directors has elected Shantella (Shan) Cooper and Mark Mulhern as new Directors, effective December 4, 2020. “On behalf of the Board, we are pleased to welcome Shan and Mark, both of whom are respected and strong leaders in their respective fields,” said Jeffrey C. Sprecher, ICE’s Founder, Chairman and Chief Executive Officer. “Shan and Mark will bring valuable insights and expertise critical to guiding long-term strategy and maintaining good governance, including extensive advisory expertise and an appreciation of our entrepreneurial culture. Shan’s l...

General

Atlanta: Diandra Bankhead sentenced for defrauding Georgia Medicaid

Home health care owner, Diandra Bankhead sentenced to more than five years for defrauding Georgia Medicaid ATLANTA (STL.News) Diandra Bankhead, the owner and operator of Elite Homecare (“Elite”), an Atlanta-based home healthcare provider, has been sentenced for defrauding Medicaid out of nearly $1 million. Between September 2015 and April 2018, Bankhead submitted thousands of fraudulent claims for services that were never provided to medically fragile children under the Georgia Pediatric Program (“GAPP”). “It is outrageous that Bankhead profited off children who suffered from significant physical and cognitive disabilities,” said U.S. Attorney Byung J. “BJay” Pak. “For years her scheme exploited Medicaid-eligible children and their families by billing for services never performed and ...

Business

ICE Sets Exchange-wide Open Interest Record

Futures Open Interest hits record 46.8 million contracts Open interest in Global Energy +8% and Natural Gas +14% year-over-year ATLANTA & NEW YORK & LONDON (STL.News) Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced that on November 24, 2020, ICE set an open interest (OI) record of 46.8 million across all futures contracts. As of November 24, the all-futures open interest record has been driven by year-over-year (y/y) growth in the following areas: Energy OI up 8% y/y, including: Natural Gas OI up 14% y/y Environmental OI up 7% y/y, hitting OI record this month of more than 2.75m contracts Other Crude and Refined OI up 4% y/y S...

Business

Newell Brands Announces Early Results of Its Tender Offer

ATLANTA, GA (STL.News) Newell Brands Inc. (NASDAQ: NWL) (the “Company” or “Newell Brands”) announced today the early results of its previously announced debt tender offer (the “Offer”) to purchase for cash up to an aggregate principal amount equal to $300,000,000 (the “Maximum Tender Amount”) of the Company’s outstanding securities listed in the table below (collectively, the “Notes”), subject to the Acceptance Priority Levels specified in the table below. According to Global Bondholder Services Corporation, information agent and tender agent for the Offer, as of 5:00 p.m., New York City time, on November 24, 2020 (the "Early Tender Deadline"), Newell Brands had received valid tenders in aggregate principal amount of $509,558,000 from holders of the Notes as set forth in original PR. NO...

Business

Genuine Parts Company News: Declares Regular Quarterly Dividend

ATLANTA, GA (STL.News) Genuine Parts Company (NYSE: GPC) announced today that its Board of Directors declared a regular quarterly cash dividend of seventy-nine cents ($0.79) per share on the Company's common stock. The dividend is payable January 4, 2021 to shareholders of record December 4, 2020. SOURCE: DirectSourceNews.Today

Business

Invesco to expand its Board of Directors with three new members

ATLANTA, GA (STL.News) Invesco Ltd. (NYSE: IVZ) announced today that it is expanding its Board of Directors with three new members: Nelson Peltz and Ed Garden of Trian Fund Management, and Thomas M. Finke of Barings. Nelson Peltz and Ed Garden of Trian Fund Management, L.P. ("Trian Partners") have been appointed to Invesco's Board, effective immediately. Mr. Peltz is Chief Executive Officer and a Founding Partner of Trian Partners, and Mr. Garden is Trian's Chief Investment Officer and a Founding Partner. Trian Partners beneficially owns approximately 9.9% of Invesco's outstanding common stock. Thomas M. Finke, who currently serves as Chairman and Chief Executive Officer of Barings, a global investment manager with $354 billion in assets under management, will be appointed to Invesco's...

Business

Newell Brands News: Reports Third Quarter 2020 Financial Results

ATLANTA, GA (STL.News) Newell Brands Friday reported third quarter 2020 financial results and made statements: "We delivered quite strong third quarter results, including broad-based sales growth underpinned by strong consumption, and considerable improvement in operating margin and cash flow generation, as the company rallied behind our strategic aims," said Ravi Saligram, Newell Brands President and CEO. "We're going into the fourth quarter with a renewed sense of energy as we pursue need in certain high-growth categories. We stay laser focused on increasing shareholder value by sustaining growth momentum, forcing meaningful innovations that leverage consumer trends, building a competitive advantage throughout omni-channel and lowering organizational complexity." Chris Peterson, Chi...

Business

Genuine Parts Company Prices $500 Million Of Senior Notes

ATLANTA, GA (STL.News) Genuine Parts Company (NYSE: GPC) announced today the pricing of its $500 million 1.875% senior notes due 2030 issued at a price equal to 99.069% of the face value of the notes. The offering is expected to settle on Thursday, October 29, 2020. GPC intends to use the net proceeds from this offering to repay outstanding indebtedness, in part to satisfy certain debt repayment obligations. GPC has filed a registration statement, including a prospectus and preliminary prospectus supplement, with the SEC for this offering. Prospective investors should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents GPC has filed with the SEC for more complete information about GPC and this offering. The documents are available...

Business

Genuine Parts Company Reports Third Quarter 2020 Results

Sales of $4.4 billion, Down 3.4%; Excluding Divestitures, Up 0.8% Diluted Net Income per Share from Continuing Operations $1.61, Up 11% Diluted Adjusted EPS from Continuing Operations $1.63, Up 17% Segment Profit Up 100 basis points to 9.0% Strengthened Balance Sheet, Enhanced Liquidity and Strong Cash Flows ATLANTA, GA (STL.News) Genuine Parts Company (NYSE: GPC) announced today its results for the third quarter and nine months ended September 30, 2020. "The GPC team remained focused on our top priorities through the third quarter, aggressively managing our operations through the challenges of COVID-19. We are proud of everyone's hard work and commitment to operational excellence, which has required effective measures to maintain a safe work environment while also providing first class ...