Tennessee Gov. Bill Haslam argues that his state is best for business due to sound fiscal strength and investments.» Read More
Aug 22- McDonald's Corp is replacing its U.S. president for the second time in two years, a move that suggests increased pressure on Chief Executive Don Thompson to improve sales in the fast food chain's home market.
BRISTOL, Tenn.— Roush Fenway Racing has landed Ortho as a sponsor for "roughly half" of Greg Biffle's races next season. Biffle's team is losing sponsor 3 M after this season. Roush Fenway Racing President Steve Newmark said Friday it was unclear which races will run with Ortho as the primary sponsor.
WASHINGTON— President Barack Obama's unpopular health care law is losing some of its political punch as vulnerable Democrats see it as less of an election-year minus and Republicans increasingly talk about fixing it instead of repealing.
The TVA said the plant consumes about 7,200 tons of coal daily. TVA already has announced plans to shut down coal-fired boilers at plants in Alabama, Kentucky and Tennessee. The U.S. government-owned utility supplies power to about 9 million people in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.
Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators.
WASHINGTON— Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds— $7 billion of it geared for consumer relief— offers a glint of hope for desperate homeowners. "It is certainly better than nothing," said Bruce Marks, chief executive of the nonprofit Neighborhood Assistance Corporation of America.
PITTSBURGH— The National Park Service has banned drones from flying over the Appalachian Trail. The Park Service said Wednesday the interim rule prohibits launching, landing or operating unmanned aircraft from or on Appalachian National Scenic Trail lands.
WASHINGTON, Aug 20- Business backers of the U.S. Export-Import Bank said on Wednesday they hope the institution's charter will be extended temporarily while Congress hashes out a longer-term reauthorization of the bank, which some lawmakers are bent on closing.
2014 Infiniti QX60 Hybrid AWD. BASE PRICE: $45,100 with FWD; $46,500 with AWD. OPTIONS: Deluxe technology package $6,050; hybrid premium package $4,600; theater package $1,700; roof rails $495; stainless steel, illuminated kick plates $440.
Families who need a vehicle with three rows of seats have a new, roomy and plush sport utility choice this year that's high in government fuel economy ratings. And the non-hybrid QX60 is a recommended buy of Consumer Reports magazine, where reliability is shown as average.
NEW YORK, Aug 20- U.S. Looks like we are continuing that move ahead of the Fed minutes today, "said Ellis Phifer, market strategist at Raymond James in Memphis, Tennessee. Some of the Fed's counterparts at the Bank of England voted unexpectedly to raise interest rates this month, according to minutes of the BOE's policy meeting of Aug. 6-7.
NEW YORK— American cities looking to be more innovative in how they address local issues can now get a helping hand from former New York City Mayor Michael Bloomberg's charitable foundation. "We're asking cities to do so much more," said James Anderson, who leads the government innovation programs at the foundation.
LOUISVILLE, Ky.— The CEO of a bankrupt southern Kentucky oil company has been sentenced to nearly three years in prison for scamming investors into giving him money for three oil partnerships in Kentucky and Tennessee. Young Oil Corp. executive Anthony L. Young of Knob Lick pleaded guilty in March to defrauding investors in both states.
NEW YORK— Private equity firm KPS Capital Partners plans to sell automotive industry supplier Waupaca Foundry Inc. to Japan's Hitachi Metals Ltd. for $1.3 billion in cash. Waupaca makes gray and ductile iron castings and supplies the automotive, commercial vehicle, agriculture, construction and industrial markets and employs about 3,900 people.
LOUISVILLE, Ky.— The CEO of a bankrupt southern Kentucky oil company was sentenced Tuesday to nearly three years in prison for scamming investors into giving him money for three oil partnerships in Kentucky and Tennessee. Young Oil executive Anthony L. Young of Knob Lick did not speak during the 30- minute hearing in U.S. District Court in Louisville.
FRANKLIN, Tenn.— Hospital operator Community Health Systems said a cyberattack took information on more than 4 million patients from its computer network earlier this year. Community Health has since removed the malware from its system and finalized "other remediation efforts" to prevent future attacks.
Two Union Pacific train crew members were killed and two others were injured when two freight trains collided head-on in northeast Arkansas early Sunday, Arkansas State Police said. The collision happened about 3 a.m. in Hoxie, a small town about 90 miles northwest of Memphis, Tennessee.
Dollar General, the nation's largest dollar-store chain, started a bidding war on Monday when it offered approximately $8.95 billion for rival Family Dollar. It was an attempt to trump Dollar Tree, which agreed to acquire Family Dollar for $8.5 billion made last month.
DETROIT, Aug 15- The United Auto Workers, which lost a controversial organizing vote in February at a Volkswagen AG plant in Chattanooga, Tennessee, has nearly enough members in its newly formed local for the automaker to recognize it as exclusive bargaining agent for the plant, a top union official said on Friday.
SAN FRANCISCO— Federal prosecutors say several addicts died soon after receiving shipments of illegal prescription drugs via FedEx.