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  • International Paper beats 4Q profit forecasts Wednesday, 3 Feb 2016 | 7:31 AM ET

    MEMPHIS, Tenn. _ International Paper Co. on Wednesday reported fourth-quarter profit of $178 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share. International Paper shares have dropped 10 percent since the beginning of the year, while the Standard& Poor's 500 index has fallen roughly 7...

  • Unum tops Street 4Q forecasts Tuesday, 2 Feb 2016 | 4:43 PM ET

    CHATTANOOGA, Tenn. _ Unum Group on Tuesday reported fourth-quarter net income of $226.1 million, after reporting a loss in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share. Unum shares have decreased 18 percent since the beginning of the year, while the Standard& Poor's...

  • FRANKFORT, Ky.— Producers of Kentucky bourbon and Tennessee whiskey are toasting another year of strong sales and revenue growth, led by consumers increasingly ordering high-priced, super-premium brands. Combined U.S. revenues for bourbon, Tennessee whiskey and rye whiskey shot up 7.8 percent to $2.9 billion in 2015, up $210 million from the prior year, the...

  • Mueller Industries posts 4Q profit Tuesday, 2 Feb 2016 | 8:57 AM ET

    MEMPHIS, Tenn. _ Mueller Industries Inc. on Tuesday reported fourth-quarter net income of $14.4 million. Mueller Industries shares have decreased nearly 8 percent since the beginning of the year. Keywords: Mueller Industries, Earnings Report.

  • Commerce Union posts 4Q profit Tuesday, 2 Feb 2016 | 8:47 AM ET

    BRENTWOOD, Tenn. _ Commerce Union Bancshares Inc. on Tuesday reported net income of $1.5 million in its fourth quarter. The bank, based in Brentwood, Tennessee, said it had earnings of 21 cents per share. Keywords: Commerce Union Bancshares, Earnings Report.

  • Two brothers involved in a failed Atlantic City loan program filed a counterclaim in a court battle over $3 million, saying the problem was created when the struggling resort town reneged on its deal to fund the program that promised to lend as much as $40 million to struggling homeowners and businesses. The company used most of the city money to buy TN Bidco,...

  • NEW YORK, Jan 27- A U.S. judge on Wednesday dismissed a federal racketeering lawsuit claiming FedEx Corp overcharged customers by inflating package weights, and wrongly collecting customs duties on products sent to Canada from shippers instead of recipients. District Judge Katherine Forrest in Manhattan said the FedEx Ground unit that imposed the charges...

  • NEW YORK, Jan 27- A U.S. judge on Wednesday dismissed a U.S. racketeering lawsuit claiming FedEx Corp overcharged customers by inflating package weights, and wrongly collecting customs duties on products sent to Canada from shippers instead of recipients. District Judge Katherine Forrest in Manhattan said the FedEx Ground unit that imposed the charges was...

  • WILMINGTON, Del, Jan 26- Verso Corp, a leading U.S. producer of printing and specialty papers, filed for Chapter 11 bankruptcy on Tuesday to cut its debt as demand for its products has waned with the growth of electronic media and cheaper imports. The company said the bankruptcy would have virtually no impact on its daily operations, and it is seeking to borrow up to...

  • Leading U.S. paper company Verso files for bankruptcy Tuesday, 26 Jan 2016 | 10:42 AM ET

    WILMINGTON, Del, Jan 26- Verso Corp, a leading U.S. producer of printing and specialty papers, filed for Chapter 11 bankruptcy on Tuesday to cut its debt in the face of falling demand for catalogs and magazines and cheaper imports. Verso, which is controlled by private equity firm Apollo Global Management, plans to seek approval for a plan that would shed $2.4 billion...

  • HAVANA, Jan 26- Cuba's tourism industry is under unprecedented strain and struggling to meet demand with record numbers of visitors arriving a year after detente with the United States renewed interest in the Caribbean island. Cuba received a record 3.52 million visitors last year, up 17.4 percent from 2014. As it is, foreigners face extreme difficulties...

  • UPDATE 1-Sprint slashes 2,500 jobs to cut costs Monday, 25 Jan 2016 | 4:08 PM ET

    Jan 25- Sprint Corp has axed at least 2,500 jobs across six customer care centers and its Kansas headquarters as part of its plan to cut $2.5 billion in costs, a company spokeswoman said on Monday. The job cuts, mostly in customer care, also include 574 positions at Sprint's headquarters at Overland Park, Kansas, Sprint spokeswoman Michelle Boyd said.

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing Washington to a standstill and forcing the closure of roads, bridges and tunnels into New York until Sunday morning. It ranked No. 3 in terms of snowfall accumulation in New York City history with at least 25.1 inches, and was among Washington's...

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing Washington to a standstill and forcing the closure of roads, bridges and tunnels into New York until Sunday morning. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina, Kentucky, Ohio, Tennessee and...

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing the nation's capital to a standstill and forcing the closure of roads, bridges and tunnels into New York, the largest city in the country. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina, Kentucky, Ohio,...

  • NEW YORK/ WASHINGTON, Jan 23- A monster blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday as it barreled into New York City, forcing the closure of all bridges and tunnels into the largest U.S. city and prompting a travel ban on area highways. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina,...

  • *Record tides cause major flooding in New Jersey, Delaware. NEW YORK/ WASHINGTON, Jan 23- A monster blizzard that has paralyzed the U.S. East Coast intensified on Saturday afternoon as it barreled into New York City, prompting a travel ban on area highways as high winds whipped up record-setting tides in New Jersey and Delaware. New York Governor Andrew Cuomo...

  • Jan 21- Wall Street staged a modest rally on Thursday as oil prices recorded their biggest gain this year and ECB President Mario Draghi raised hopes of more stimulus for Europe. Helping global and U.S. stocks, the European Central Bank kept its main rates on hold and Draghi said the central bank would "review and possibly reconsider" its monetary policy as soon as...

  • Jan 21- Wall Street staged a modest rally on Thursday as oil prices recorded their biggest gain this year and ECB President Mario Draghi raised hopes of further stimulus. Helping global and U.S. stocks, the European Central Bank kept its main rates on hold and Draghi said the central bank would "review and possibly reconsider" its monetary policy as early as March.

  • WASHINGTON, Jan 15- A lull in global market turmoil allowed the U.S. It is too early to declare the first rate hike in nearly a decade a mistake, they say, or to fear the U.S. central bank will be forced, like the European Central Bank and others, to retreat before the current tightening cycle is complete. Following sharp drops in Europe and Asia, major U.S. stock indexes...