Top News & Analysis Tennessee

  • President Donald Trump on Monday called his new trade deal with Japan "a game changer for our farmers and our ranchers." But don't expect America's Land O'Lakes butter to knock New Zealand's Anchor or France's President brands off store shelves in Japan, the world's third-largest economy. But Japan refused to grant the United States access to the TPP-wide...

  • Oct 7- Several "buy" ratings from SmileDirectClub's IPO banks failed to stop its stock from dropping 7% on Monday, reflecting Wall Street's deepened distaste for money-losing startups in the wake of WeWork's botched attempt to go public. Underwriters of SmileDirectClub's Sept. 11 initial public offer, including JPMorgan, Bank of America Merrill Lynch and UBS,...

  • Oct 7- Several "buy" ratings from SmileDirectClub's IPO banks failed to stop its stock from dropping 5% on Monday, reflecting Wall Street's deepened distaste for money-losing startups in the wake of WeWork's botched attempt to go public. Underwriters of SmileDirectClub's Sept. 11 initial public offer, including JPMorgan, Bank of America Merrill Lynch and UBS,...

  • WASHINGTON, Oct 7- A bipartisan group of state attorneys general, including New York Attorney General Letitia James, met Monday with U.S. The meeting comes after Reuters and other outlets reported on Sept. 25 that the Justice Department would open an antitrust investigation into Facebook, which also faces probes by the Federal Trade Commission and the House of...

  • The Nashville, Tennessee- based company's IPO was priced at $23 per share on Sept. 11, above the expected range, but the stock has tumbled 36% to Friday's close. Last month, office-sharing startup WeWork was forced to abandon its much-anticipated IPO, while Endeavor Group Holdings, the U.S. entertainment and talent agency company backed by Hollywood powerbroker...

  • President Donald Trump has called his new trade deal with Japan a "phenomenal" victory for U.S. farmers. But don't expect America's Land O'Lakes butter to knock New Zealand's Anchor or France's President brands off store shelves in Japan, the world's third largest economy. When the United States pulled out, that left more space for brands like Anchor or...

  • WASHINGTON, Sept 25- The U.S. Justice Department will open an antitrust investigation of Facebook Inc, a person familiar with the matter said on Wednesday, marking the fourth recent antitrust probe of the social media company. Facebook also faces probes by the Federal Trade Commission, a group of state attorneys general led by New York and the House of...

  • *Trump says China trade deal may come sooner than expected. Treasury long-dated debt rallied from two-week lows on Wednesday, after falling for seven straight sessions, bolstered by strong housing data and comments by President Donald Trump about a possible trade deal with China. Trump said on Wednesday a deal to end a nearly 15- month trade war with China could...

  • NEW YORK, Sept 24- A key borrowing cost for Wall Street remained elevated on Tuesday near the end of the quarter even after the Federal Reserve injected $30 billion in longer-term cash into the U.S. banking system a week after turmoil in money markets. This cash through 14- day loans to primary dealers was seen as a much needed boost for banks and Wall Street to avoid...

  • *Not allowed to leave China until investigation concludes- WSJ. BEIJING, Sept 20- Chinese authorities in the southern city of Guangzhou detained a U.S. pilot for FedEx Corp last week on suspicion of smuggling weapons and ammunition after finding suspected air gun pellets in his luggage, the foreign ministry said on Friday. Air Force pilot Todd Hohn, arrived in...

  • *Not allowed to leave China until investigation concludes- WSJ. BEIJING, Sept 20- Chinese authorities in the southern city of Guangzhou last week detained a U.S. pilot for FedEx Corp on suspicion of smuggling weapons and ammunition, the foreign ministry said on Friday. Air Force pilot Todd Hohn, was detained on Sept. 12 at the Guangzhou airport after customs...

  • Sept 17- FedEx Corp warned on Tuesday that full-year earnings would miss analysts' estimates, as the U.S.- China trade war exacerbates a global economic cooling and the company manages fallout from its split with customer-turned-competitor Amazon.com Inc.. Executives called out economic woes in Asia and Europe as well as the loss of Amazon, a "large customer."

  • The results from Memphis- based FedEx land as global retailers are gearing up for the all-important winter holiday season. "This is very disappointing for all shareholders," said Trip Miller, managing director at Memphis- based hedge fund Gullane Capital Partners. As the Sino-U.S. trade war continues, the shipper has become the target of Chinese ire over shipping...

  • DETROIT, Sept 16- A new family of electric vehicles, an all-electric pickup truck and an advanced battery system could draw much of the $7 billion that General Motors Co has pledged to invest in the United States as parts of contract talks with the United Auto Workers. Much of that investment is likely earmarked for the production of electric vehicles at two...

  • *China to exempt some agricultural products from tariffs- Xinhua. NEW YORK, Sept 13- A gauge of global stocks rose for an eighth straight day to a six-week high and benchmark government bond yields advanced on Friday as signs of progress in trade talks between the United and China, as well as a solid report on U.S. retail sales, allayed recession worries.

  • Sept 11- Teeth alignment company's SmileDirectClub Inc on Wednesday priced its initial public offering at $23 per share, above its target range of $19- $22. The online dentistry startup joins the wave of loss-making companies such as WeWork owner The We Company and food delivery platform Postmates Inc, planning to launch their IPOs, hoping that August's bout of...

  • NEW YORK, Sept 11- OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week, people familiar with the matter said.

  • NEW YORK, Sept 11- OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week, people familiar with the matter said.

  • NEW YORK, Sept 11- OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week, people familiar with the matter said.

  • *China factory-gate prices fall sharply in August. NEW YORK, Sept 10- Bond yields climbed and a gauge of world stock markets recovered from previous lows to trade flat on Tuesday, as uncertainty grew over the mix of stimulus the European Central Bank will add to boost a slumping economy this week amid fresh signs global growth was slowing. "As we wait on news on...