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Top News & Analysis Tennessee

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  • The 2-1 decision by the 6th U.S. Circuit Court of Appeals revived a lawsuit by Varsity Brands Inc, one of the largest U.S. makers of cheerleader uniforms, that accused rival Star Athletica LLC of infringing five of its designs. District Judge Robert Cleland in Memphis, Tennessee. Circuit Judge David McKeague dissented and urged Congress or the Supreme Court to...

  • NEW YORK— AutoNation said Tuesday it will buy 16 dealerships in the Southeast and the Baltimore area, and said the new locations will add about $600 million to its annual revenue. The remaining three locations are in the Baltimore market and include Audi, Mercedes-Benz, Subaru and Volkswagen franchises. Shares of AutoNation Inc. rose $1.60, or 2.6 percent, to...

  • Surgery Partners, owned by H.I. G Capital LLC, said BofA Merrill Lynch, Goldman Sachs, Jefferies, Citigroup and Morgan Stanley were among those underwriting the IPO. Reuters exclusively reported in March that Surgery Partners was preparing for a summer IPO, potentially valuing it at about $2 billion.

  • JEFFERSON CITY, Mo.— While Congress remains stalled on a long-term plan for funding highways, state lawmakers and governors aren't waiting around. And legislators are returning to work this week in California and Michigan with transportation funding on the agenda. "I don't know of a state that's not having the conversation" about raising revenue for...

  • Former NAACP leader Julian Bond dies at 75 Sunday, 16 Aug 2015 | 3:42 AM ET
    Julian Bond.

    Julian Bond, a charismatic figure of the civil rights movement, died on Saturday night in Fort Walton Beach, Fla at 75, The NY Times reports.

  • HOUSTON, Aug 7- Production at Valero Energy Corp's 180,000- barrel-per-day Memphis, Tennessee, refinery has been cut back during the week due to unit outages and disruptions, according to people familiar with plant operations. The refinery's hydroplex, which provides 40,000 bpd in hydrotreating along with increased hydrogren content and gas concentration...

  • Aug 6- People associated with American pop superstar Taylor Swift's clothing brand have discussed removing some items bearing the controversial "1989" logo from the line of products that will be for sale in China, a person involved in the production process said. But a day before the seven-time Grammy winner's merchandise launch in China, it was unclear if those...

  • In charging Miller, former Chief Financial Officer Paul Boyd and current Chief Operating Officer David Hall, the SEC said the inflated value helped the Knoxville, Tennessee- based company transform itself from a penny stock into a New York Stock Exchange- listed company valued in 2013 at $393 million. The SEC said Miller valued the oil and gas properties on its...

  • *Oil price decline boosts 30- yr Treasury prices. NEW YORK, Aug 6- U.S. "People are making sure they square ahead of this number, because this number really looms large," said David Coard, head of sales and trading at Williams Capital in New York.

  • Aug 5- Hospital operator HCA Holdings Inc, the largest U.S. for-profit hospital operator, suggested benefits from the Affordable Care Act would taper off over the rest of the year, a warning that weighed on the stocks of hospital operators. LifePoint Health Inc closed down about 4 percent, Tenet Healthcare about 4.3 percent, Community Health Systems about 4...

  • Aug 5- HCA Holdings Inc, the largest for-profit hospital operator in the United States, reported better-than-expected quarterly results, boosted by an increase in hospital admissions and emergency room visits. HCA, which operates about 165 hospitals and 115 independent surgery centers in the United States and UK, said it expected full-year profit towards...

  • *Fed's Lockhart renews expectations for Sept. rate hike. NEW YORK, Aug 4- U.S. Atlanta Fed President Dennis Lockhart has said it would take "significant deterioration" in the U.S. economy for him to not support a rate hike in September, according to the Wall Street Journal.

  • UPDATE 1-Community Health to spin off 38 hospitals Monday, 3 Aug 2015 | 5:35 PM ET

    The spinoff, a publicly traded company to be called Quorum Health Corp, will include a group of hospitals primarily located in cities and counties with populations under 50,000, Community Health said. The spinoff is intended to be tax-free to Community Health shareholders and expected to be completed in the first quarter of 2016.. Franklin, Tenn.- based...

  • WASHINGTON, July 31- The U.S. Environmental Protection Agency will unveil as soon as Monday the final version of a sweeping- and controversial- regulation to cut carbon emissions from the electricity sector. Among other things: The EPA is expected to push back the rule's start date by two years to 2022, according to a slide posted by the agency briefly on its...

  • WASHINGTON, July 31- The U.S. Environmental Protection Agency will unveil as soon as Monday the final version of a sweeping- and controversial- regulation to cut carbon emissions from the electricity sector. Among other things: The EPA is expected to push back the rule's start date by two years to 2022, according to a slide posted by the agency briefly on its...

  • 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...

  • 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...

  • *Los Angeles, Chicago claimed bank targeted minorities. July 17- Wells Fargo& Co won the dismissal of two lawsuits on Friday that had accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending practices in Los Angeles and Chicago. The lawsuits by the city of Los Angeles and by Cook County, Illinois, which...