Top News & Analysis Tennessee

  • *Audi, Mercedes-Benz, BMW stepping up Mexican production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.

  • President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market from Mexico, singling out luxury carmaker BMW for criticism following previous broadsides aimed at General Motors, Ford and Toyota. Mexico accounts for a fifth of all vehicle production in North America and has attracted...

  • *Audi, Mercedes-Benz, BMW stepping up Mexican production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.

  • *Audi, Mercedes-Benz and BMW proceeding with Mexico production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.

  • Volkswagen

    The $20 billion that Volkswagen is paying to resolve civil and criminal charges is unlikely to be the end of the story, The NYT reports.

  • WASHINGTON— House Republicans have shown no inclination to challenge President-elect Donald Trump on ethics matters. Democrats slammed the move, saying GOP lawmakers are trying to intimidate an independent watchdog for having the temerity to challenge Trump's business arrangements. Jason Chaffetz, R- Utah, chairman of the House Oversight Committee, has...

  • MEMPHIS, Tenn. _ First Horizon National Corp. on Friday reported fourth-quarter profit of $54.8 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Five analysts surveyed by Zacks expected $336.4 million.

  • *U.S. sells $20 bln in 10- year note supply to strong demand. NEW YORK, Jan 11- U.S. "Trump's silence on tax reform and infrastructure let additional air escape from the post-election,' hate bonds' campaign," said Jim Vogel, interest rate strategist at FTN Financial in Memphis, Tennessee.

  • WASHINGTON— President-elect Donald Trump pushed Congress on Tuesday to act swiftly to repeal President Barack Obama's health care law and follow up with a replacement. The push for speed and coordination came as growing numbers of Republicans expressed concerns about GOP leadership's plans to repeal the Affordable Care Act without a replacement in hand,...

  • WASHINGTON— Republicans will work on unraveling and replacing the health care law at the same time, House Speaker Paul Ryan said Tuesday as GOP leaders struggled to align their zeal to rapidly erase one of President Barack Obama's proudest achievements with Congress' legislative and political pitfalls. Dennis Ross, R- Fla., Ryan told Republicans Tuesday that "he...

  • Ford Mustangs go through assembly at the Ford Flat Rock Assembly Plant August 20, 2015 in Flat Rock, Michigan.

    Carmakers used the Detroit Auto Show to talk up their U.S. production, likely reacting to Trump’s all-hours tweets, an analyst said Tuesday.

  • MIAMI/ DETROIT Jan 9- Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions cheating and the automaker was accused of concealing the cheating from regulators. Oliver Schmidt, who was general manager in charge of VW's environmental and engineering office...

  • MIAMI/ DETROIT Jan 9- Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions cheating and the automaker was accused of concealing the cheating from regulators. Oliver Schmidt, who was general manager in charge of VW's environmental and engineering office...

  • Throughout his presidential campaign, and after the election, Trump criticized automakers for moving U.S. production to Mexico, often through tweets. Such a tariff could wreak havoc on the industry, since every major automaker produces vehicles in Mexico. Marchionne said it's possible FCA would have to withdraw from Mexico if tariffs were too punitive.

  • DETROIT, Jan 9- Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions scandal and the automaker was accused of concealing the scandal from regulators. Oliver Schmidt, who was general manager in charge of VW's environmental and engineering office in...

  • The U.S. Department of Justice said Friday that 66- year-old Szuhsiung "Allen" Ho pleaded guilty to conspiracy to illegally bypass U.S. regulations on production of nuclear materials outside the United States. Ho had dual citizenship in China, where he was employed with the China General Nuclear Power Company, and the U.S., where he was owner and president of...

  • Jan 6- U.S. stocks edged lower on Friday after data showed employment in December rose less than expected but a rebound in wages suggested sustained growth in the labor market. The public and private sectors together added 156,000 jobs last month, a U.S. Labor Department report showed, compared with 204,000 jobs added in November. Average hourly earnings...

  • FORT LAUDERDALE, Fla.— A rare experimental glass penny made during World War II has netted a pretty penny at auction— selling for $70,500. Heritage Auctions announced Friday that the penny was sold during Thursday's auction based in Fort Lauderdale, Florida, to an American buyer who wishes to remain anonymous. The Blue Ridge Glass Co. in Tennessee made...

  • Andrew Cuomo's proposal to make the state's public colleges free for hundreds of thousands of middle-class students is seen as one of the nation's most ambitious efforts to tackle skyrocketing higher education debt. A: Full-time New York students whose families earn less than $125,000 a year would pay no tuition to attend two- or four-year colleges in the...

  • MARYVILLE, Tenn. _ Ruby Tuesday Inc. on Thursday reported a loss of $38 million in its fiscal second quarter. The Maryville, Tennessee- based company said it had a loss of 63 cents per share. Keywords: Ruby Tuesday, Earnings Report.