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Top News & Analysis Tennessee

  • NEW YORK, May 16- U.S. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said on Tuesday. People had been anticipating continued strength in the housing market even with rising rates, based on the momentum from 2016, said Jim Vogel, an interest rate strategist at FTN Financial in Memphis,...

  • DETROIT, May 12- The U.S. The complaint is part of a lengthy battle over the NLRB's recognition of the vote by roughly 160 skilled workers at VW's Chattanooga plant in Tennessee to be represented by the United Auto Workers union. In an emailed statement, VW spokesman Scott Wilson said, "We fundamentally disagree with the decision to separate" the skilled workers...

  • "They're fighting a losing battle to keep these plants from falling apart," said Robert Alvarez, a former policy adviser at the U.S. Department of Energy who was charged with making an inventory of nuclear sites under President Bill Clinton. The state of facilities in the U.S. nuclear network has been detailed by the Department of Energy, Government...

  • NEW YORK, May 9- U.S. Treasury yields climbed on Tuesday, with benchmark yields reaching a five-week peak before a $24 billion auction of a three-year government debt issue in what will be the first leg of this week's $62 billion quarterly refunding. Junk bond issuance experienced a spike, according to IFR, a Thomson Reuters unit.

  • MONTREAL/ WINNIPEG, May 9- Canadian Pacific Railway Ltd CEO Keith Creel is an operations specialist like his predecessor, but the new leader is taking a vastly different approach to steering the company known for its red locomotives emblazoned with "CP." After nearly five years of cost-cutting to boost efficiency under former CEO Hunter Harrison, Creel is...

  • NEW YORK, May 8- U.S. Some traders heading into Sunday's vote had feared a possible upset by his anti- European Union rival Marine Le Pen. "It's a fairly heavy week with data and supply," said Ellis Phifer, senior market strategist at Raymond James at Memphis, Tennessee.

  • First Horizon's offer price of $40.83 per share represents a discount of about 3 percent to Capital Bank's Wednesday closing. The combined company will have $40 billion in assets and $32 billion in deposits and will operate more than 300 branches across the Southeast, including Tennessee, South Carolina, Florida and Virginia. First Horizon will offer 1.750...

  • Capital Bank shares were trading below the offer price at $40.50 before the bell on Thursday. First Horizon will offer 1.750 shares and $7.90 in cash for each Capital Bank share-- a ratio of 80 percent stock and 20 percent cash. First Horizon operates 170 branches across Tennessee and the Southeast, and Capital Bank operates 193 branches in North and South...

  • MEXICO CITY/ OTTAWA, May 4- From launching a data-mining drive aiming to find supply-chain pressure points to sending officials to mobilize allies in key U.S. states, Mexico and Canada are bolstering their defenses of a regional trade pact President Donald Trump vows to rewrite. Mexico, for example, has picked out the governors of Texas, Arizona and Indiana as...

  • May 3- U.S. health insurer Humana Inc reported higher-than-expected quarterly profit on Wednesday due to strength in Medicare Advantage, a program in which it manages government health benefits for the elderly and people with disabilities. Medicare Advantage plans account for about a third of the more than 55 million people covered by Medicare and is the...

  • The company's shares, which were priced at $15, opened at $13.50, giving the company a market value of about $2 billion. Phoenix- based Carvana sells cars through its website and allows customers to pick them up from automated "vending machine" towers located in U.S. cities including Austin and Dallas in Texas, and Nashville, Tennessee. "We're going to stay focused on...

  • The company's shares, which were priced at $15, opened at $13.50, giving the company a market value of about $2 billion. Carvana sells cars through its website and allows customers to pick them up from automated "vending machine" towers located in U.S. cities such as Austin and Dallas in Texas, and Nashville, Tennessee. However, the company's net loss widened to $93.1...

  • "It is bad for British Columbia but not necessarily bad for the lumber companies," said Norman Levine, managing director, Portfolio Management Corporation. Shares in West Fraser Timber Co, which would pay the highest duty rate of the affected companies, rose 8.6 percent to C $61.22, its highest point since July 2015, while Canfor Corp stock gained 6.4 percent to C...

  • Protest outside the offices of Rep. Carlos Curbelo (R-FL) asking the congressman to protect the Affordable Care Act from being repealed in Miami.

    Humana is the only insurer offering exchange plans this year in Knoxville but is dropping out of the Obamacare market in 2018.

  • CNBC's Bertha Coombs takes a look at the impact for those people without viable options when it comes to the health-care debate.

  • April 18- U.S. natural gas pipeline exports to Mexico fell to their lowest level since June 2015 due to maintenance on the NET Mexico pipe in Texas, while the first tankers from the United States started delivering liquefied natural gas to Mexico's Gulf Coast. A unit of Mexico's state-owned petroleum company, Petroleos Mexicanos, started importing LNG from...

  • VW Group of America Chief Executive Officer Hinrich Woebcken told reporters at the New York auto show that the automaker planned to build a five-seat SUV in Tennessee, but he declined to say when production would begin. The news follows VW's 2014 announcement that the company would spent $900 million to build a new SUV in Tennessee. Woebcken said VW was shifting...

  • NEW YORK, April 12- Volkswagen AG's top U.S. executive said the German automaker plans to build another new sport utility vehicle at its Chattanooga, Tennessee plant as demand surges for larger vehicles. The world's largest automaker said in 2014 it planned $900 million to build a new SUV in Tennessee and VW will start selling its new seven-seat VW Atlas SUV in May.

  • VOLKSWAGEN SAYS IT PLANS TO BUILD ANOTHER NEW SPORT UTILITY VEHICLE IN TENNESSEE-- EXECUTIVE.

  • WASHINGTON, April 11- Maryland lawmakers have passed a first-in-the-nation measure that lets the state attorney general sue generic drug makers that sharply raise prices in a move aimed at fighting what legislators call "price-gouging." The bill overwhelmingly was approved by the Democratic-controlled legislature on Monday and hailed by Maryland...