Tennessee Gov. Bill Haslam argues that his state is best for business due to sound fiscal strength and investments.» Read More
SAN FRANCISCO, July 17- FedEx Corp was indicted on Thursday for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials, according to a court filing. FedEx allegedly gained at least $820 million from the conspiracy, the filing said, and could be fined up to twice that amount.
SAN FRANCISCO— Federal authorities on Thursday charged FedEx with assisting illegal pharmacies by knowingly delivering painkillers and dangerous drugs to customers without prescriptions. The indictment filed in federal court in San Francisco alleges that FedEx Corp. conspired with two related online pharmacies for 10 years ending in 2010..
WASHINGTON— The United States and Europe are seeking to maintain a united front against Russia with coordinated announcements of new economic sanctions, but divisions persist over how aggressive the West should be in punishing Moscow for its threatening moves in Ukraine.
NASHVILLE, Tenn.— Shares of HCA Holdings Inc. rose to an all-time high Wednesday after the hospital operator boosted its earnings outlook for the full year. HCA said it now expects 2014 adjusted earnings between $4 and $4.25 per share, up from its previous forecast between $3.45 and $3.75 per share.
DOTHAN, Ala.— The Berkshire Hathaway Media Group has announced that Steve Smith will be regional publisher for its Alabama division. Smith will oversee the Dothan Eagle, Opelika-Auburn News, Enterprise Ledger, Eufaula Tribune, Dothan Progress and Jackson County Floridian in Mariana, Florida.
FORT RUCKER, Ala.— The Army has lost an initial Senate skirmish over a hotly disputed plan to take Apache attack helicopters away from National Guard units in a budget-cutting move that has infuriated governors and state military leaders.
Republicans blocked a bill that was designed to override a Supreme Court ruling and ensure access to contraception for women who get their health insurance from companies with religious objections. But Democrats hope the issue has enough life to energize female voters in the fall, when Republicans are threatening to take control of the Senate.
WASHINGTON— Struggling to defuse the persistent crisis in Ukraine, both the U.S. and European Union imposed new economic sanctions on Russia Wednesday, with President Barack Obama declaring that Russian leaders must see that their actions supporting rebels "have consequences."
CHILLICOTHE, Ohio— The state on Wednesday unveiled a large solar panel project at a southern Ohio prison it says will save taxpayers $245,000 in annual energy costs, reduce greenhouse emissions and help train inmates involved in the project as a route to future jobs.
SAN FRANCISCO, July 15- The first condensate cargo for export is due to load in Texas at the end of this week, headed via the Panama Canal to Asia, shipping sources said. Westport Petroleum Inc., the Franklin, Tennessee- based shipping arm of Japanese trader Mitsui& Co., chartered the BW Zambesi, an LR1 tanker, also known as a Panamax class vessel.
Bill Haslam says the truck stop company he co-owns can start putting the fraud investigation behind it after it struck a deal with prosecutors to pay a $92 million fine and acknowledge that employees cheated customers.
CHATTANOOGA, Tenn.— Tennessee leaders downplayed the often public wrangling over organized labor's role at Volkswagen's Chattanooga factory on Tuesday, focusing on the company's recent announcement that it would add a new line there to produce a seven-passenger SUV.
NEW YORK, July 15- The bond market traded in a narrow range on Tuesday, absorbing Federal Reserve Chair Janet Yellen's message that the U.S. economic recovery remains incomplete and early signs of a pick-up in inflation are not enough to accelerate anticipated interest rate increases.
LAFAYETTE, La.— Lafayette- based home nursing firm LHC Group will buy 14 home health agencies from a Tennessee company for $10 million in cash. Life Care Home Health Inc.' s agencies are spread across seven states. The Life Care agencies are in Arizona, Colorado, Massachusetts, Rhode Island, Tennessee, Utah and Washington.
NEW YORK, July 15- U.S. Yellen speaks before the Senate Banking Committee at 1000 EDT and again to the House Financial Services Committee on Wednesday as part of its semiannual monetary policy report.
July 14- Pilot Flying J, the large U.S. operator of truck stops, agreed to pay a $92 million fine to resolve its criminal liability for a scheme in which employees fraudulently withheld diesel fuel price rebates from customers, the U.S. Department of Justice said on Monday.
*VW declines comment on incentives from Tennessee. July 14- Volkswagen AG said on Monday it would invest about $900 million to build a mid-sized SUV at its U.S. plant in Tennessee starting in late 2016, nearly doubling the factory's work force. About $600 million of the $900 million will be invested in Tennessee, VW said.
NASHVILLE, Tenn.— Volkswagen plans to build a new seven-passenger SUV at its factory in Chattanooga, Tennessee, adding about 2,000 factory jobs as it tries to reverse U.S. sales that have fallen for the past two years.
July 14- Volkswagen AG said on Monday it would invest about $900 million to build a mid-sized SUV at its U.S. plant in Tennessee starting in late 2016, nearly doubling the factory's work force. About $600 million of the $900 million will be invested in Tennessee, VW said.
GALLATIN, Tenn.— An auto supplier is expanding its Gallatin, Tennessee plant and adding more jobs to keep up with demand. ABC Group Inc. says it will invest $25.5 million in land, infrastructure and equipment and create more jobs in Sumner County over the next five years.