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Top News & Analysis Tennessee

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  • CHATTANOOGA, Tenn. _ CBL& Associates Properties Inc. on Wednesday reported a key measure of profitability in its second quarter. The real estate investment trust, based in Chattanooga, Tennessee, said it had funds from operations of $91.9 million, or 54 cents per share, in the period. The average estimate of 10 analysts surveyed by Zacks Investment Research was for...

  • CHATTANOOGA, Tenn. _ Unum Group on Wednesday reported second-quarter profit of $224.3 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. Unum shares have increased slightly more than 7 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more...

  • MEMPHIS, Tenn. _ Wright Medical Group Inc. on Wednesday reported a loss of $44.3 million in its second quarter. Wright Medical expects full-year results to range from a loss of $1.77 per share to a loss of $1.67 per share, with revenue in the range of $325 million to $335 million. Wright Medical shares have dropped 3 percent since the beginning of the year.

  • CHATTANOOGA, Tenn. _ The Dixie Group Inc. on Wednesday reported second-quarter net income of $504,000, after reporting a loss in the same period a year earlier. Dixie Group shares have climbed 13 percent since the beginning of the year. Keywords: Dixie Group, Earnings Report.

  • MEMPHIS, Tenn.— Shares of International Paper slumped Wednesday after the global paper and packaging company reported mixed second-quarter results. International Paper's adjusted earnings beat Wall Street expectations, but revenue fell short as revenue in all of its major businesses slipped compared to last year. Excluding one-time costs, International...

  • What's in the 6-year Senate transportation bill Tuesday, 28 Jul 2015 | 3:55 PM ET

    WASHINGTON— The Senate is moving toward the likely passage this week of a sweeping, six-year transportation bill, but the House is putting off consideration of the measure until this fall. Industry officials said the $350 billion Senate bill isn't ideal— not as much money as they would like and only three of the six years paid for— but they are desperate for at least...

  • Shares in Atlanta- based United Parcel Service Inc rose more than 2 percent. Like main rival FedEx Corp, UPS is often seen as a bellwether of U.S. economic health. When reporting quarterly results in June, Memphis- based FedEx said lower fuel surcharges had cut into revenue.

  • CHICAGO, July 28- Package delivery company United Parcel Service Inc on Tuesday reported higher second-quarter net profit as improved margins offset a drop in revenue. When main rival FedEx Corp reported quarterly results in June, the Memphis- based company said lower fuel surcharges had cut into revenue. UPS reported second-quarter net income of $1.23...

  • Eastman Chemical beats 2Q profit forecasts Monday, 27 Jul 2015 | 5:27 PM ET

    KINGSPORT, Tenn. _ Eastman Chemical Co. on Monday reported second-quarter net income of $297 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share. Eastman Chemical shares have declined almost 5 percent since the beginning of the year, while the Standard& Poor's 500 index has stayed nearly...

  • July 27- Real estate investment trust Medical Properties Trust Inc said on Monday it would buy privately held Capella Holdings Inc, owner of hospital operator Capella Healthcare Inc, for $900 million in cash. Birmingham, Alabama- based Medical Properties Trust said the deal consists of a $600 million investment in Capella's real estate and about $300 million...

  • July 27- Real estate investment trust Medical Properties Trust Inc said it would buy privately held Capella Holdings Inc, owner of hospital operator Capella Healthcare Inc, for $900 million in cash. Birmingham, Alabama- based Medical Properties said the deal value will comprise of a $600 million investment in Capella's real estate and an investment of about...

  • ROCHESTER, N.Y.— Rochester, whose fortunes have risen and fallen with the demand for futuristic technologies from former powerhouses like Xerox and Kodak, is looking for its next big breakthrough in the field of integrated photonics, a light science with the potential to transform communications, medicine and national defense. "You've gone from making Brownie...

  • Ted Cruz for harshly criticizing Majority Leader Mitch McConnell, an extraordinary display of intraparty division played out live on the Senate floor. The drama came as the Senate defeated a procedural vote to repeal President Barack Obama's health care law and took a step toward reviving the federal Export-Import Bank, both amendments on a must-pass...

  • Ruby Tuesday posts 4Q profit Thursday, 23 Jul 2015 | 6:33 PM ET

    MARYVILLE, Tenn. _ Ruby Tuesday Inc. on Thursday reported fiscal fourth-quarter net income of $4.3 million, after reporting a loss in the same period a year earlier. Ruby Tuesday expects full-year earnings in the range of 12 cents to 17 cents per share. Ruby Tuesday shares have dropped 10 percent since the beginning of the year.

  • Avenue Financial posts 2Q profit Thursday, 23 Jul 2015 | 5:33 PM ET

    NASHVILLE, Tenn. _ Avenue Financial Holdings Inc. on Thursday reported second-quarter net income of $1.6 million. The holding company for Avenue Bank posted revenue of $10 million in the period. Keywords: Avenue Financial Holdings, Earnings Report.

  • Healthways beats Street 2Q forecasts Thursday, 23 Jul 2015 | 5:18 PM ET

    FRANKLIN, Tenn. _ Healthways Inc. on Thursday reported second-quarter net income of $420,000, after reporting a loss in the same period a year earlier. Healthways expects full-year earnings in the range of 7 cents to 15 cents per share, with revenue in the range of $770 million to $785 million. Healthways shares have fallen 39 percent since the beginning of the...

  • LONGVIEW, Texas— The biggest shipment ever received at the Port of Caddo- Bossier in Louisiana has reached its destination— a chemical plant in East Texas. An official with Eastman Chemical Company says the 303- ton piece of equipment arrived Thursday afternoon in Longview. The unit was made in Asia and hauled by barge from the Port of New Orleans to Shreveport, via...

  • SAN FRANCISCO— The push for a higher minimum wage gained momentum on both sides of the country, with New York embracing an eventual $15 an hour for the state's 200,000 fast-food workers and the huge University of California system announcing the same raise for its employees. The 240,000- student University of California becomes the nation's first public...

  • House approves bill to tweak coal ash standards Wednesday, 22 Jul 2015 | 6:54 PM ET

    David McKinley, R- W.Va., said it was needed because the EPA rule leaves open the possibility that coal ash could be designated as hazardous, creating uncertainty for industry. The White House said in its veto threat that the House bill would undermine public health and environmental protections provided by the EPA rule. The EPA rule "articulates clear and...

  • Tractor Supply meets 2Q profit forecasts Wednesday, 22 Jul 2015 | 4:33 PM ET

    BRENTWOOD, Tenn. _ Tractor Supply Co. on Wednesday reported second-quarter net income of $153.3 million. Tractor Supply expects full-year earnings to be $3 to $3.08 per share, with revenue in the range of $6.25 billion to $6.33 billion. Tractor Supply shares have risen 20 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed...