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Top News & Analysis Tennessee

  • WASHINGTON— The Latest on Congress and health care legislation:. President Donald Trump is backing away from his positive response to a bipartisan Senate proposal to stabilize health insurance markets unsettled by his order to end "Obamacare" low-income subsidies. Lamar Alexander of Tennessee and Democratic Sen.

  • The president, at first, spoke approvingly of the deal, but as conservatives rebelled, the White House insisted Trump actually opposed the plan as a bailout of insurance companies. Patty Murray of Washington that sought to address health insurance markets that have been in limbo following GOP failures to repeal and replace the Affordable Care Act.

  • NEW YORK— Ruby Tuesday is being acquired for about $146 million in a deal that will take the struggling chain private. Like other sit-down restaurant chains, Ruby Tuesday has lost customers to cheaper, faster and more casual places. Comparable-store sales at Ruby Tuesday have fallen for six consecutive quarters and the company has not reported a quarterly...

  • MARYVILLE, Tenn. _ Ruby Tuesday Inc. on Monday reported a loss of $9.8 million in its fiscal first quarter. The Maryville, Tennessee- based company said it had a loss of 16 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NASHVILLE, Tenn. _ Capstar Financial Holdings Inc. on Monday reported third-quarter earnings of $4.4 million. The bank, based in Nashville, Tennessee, said it had earnings of 35 cents per share. Capstar Financial shares have fallen 12 percent since the beginning of the year.

  • WASHINGTON— The Supreme Court is taking up an appeal by 11 states that argue American Express violated antitrust laws by barring merchants from asking customers to use other credit cards that charge lower fees. The case stems from a lawsuit filed by states and the Obama administration in 2010 against American Express, Mastercard and Visa.

  • WASHINGTON— President Donald Trump presented a distorted picture of his tax plan this past week and claimed he was trying to keep the Obama health law's insurance markets afloat even as he took steps that could well sink them. A look at his statements on a grab-bag of hot topics spanning the economy, Iran, health care and the way he treats his subordinates:.

  • WASHINGTON— A key moderate Republican is urging President Donald Trump to support a bipartisan Senate effort to reinstate insurer payments, calling his move to halt the subsidies an immediate threat to millions of Americans who could now face rising premiums and lost health care coverage. Susan Collins of Maine, who has cast pivotal votes on health care in the...

  • This year, Amazon has increased its lobbying staff to 83 members from 60, making it one of the biggest corporate lobbying shops in town, the NYT reports.

  • WASHINGTON— A key moderate Republican urged President Donald Trump on Sunday to back a bipartisan Senate effort to shield consumers from rising premiums after his abrupt decision to halt federal payments to insurers. Susan Collins of Maine, who has cast pivotal votes on health care in the narrowly divided Senate. Her comments reflected an increasing focus...

  • MEMPHIS, Tenn. _ First Horizon National Corp. on Friday reported third-quarter earnings of $68.9 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Five analysts surveyed by Zacks expected $340.5 million.

  • CHATTANOOGA, Tenn.— Shaw Industries, the country's biggest carpet maker, is buying a Tennessee- based producer of digital carpet samples and design tools. The Chattanooga Times Free Press reports that Shaw, a subsidiary of Warren Buffett's Berkshire Hathaway, acquired Tricycle Inc. for an undisclosed sum. Information from: Chattanooga Times Free Press,...

  • In a separate statement, the White House said the government cannot legally continue to pay the so-called cost-sharing subsidies because they lack a formal authorization by Congress. Halting the payments would trigger a spike in premiums for next year, unless Trump reverses course or Congress authorizes the money. The top two Democrats in Congress sharply...

  • TORONTO, Oct 12- The union leading a month-long strike at a General Motors Co auto plant in Ontario is refusing to make concessions after GM threatened to move production to Mexico, a move that could cost thousands of Canadian jobs. The dispute comes at a sensitive time, as the United States, Canada and Mexico hold tense negotiations to modernize the decades-old...

  • WASHINGTON, Oct 12- Facebook Inc Chief Operating Officer Sheryl Sandberg said on Thursday the company was committed to helping U.S. congressional investigators publicly release Russia- backed political ads that ran during the 2016 U.S. election. The interview was the first by a senior Facebook executive since the company disclosed last month that it had...

  • WASHINGTON, Oct 12- Facebook Inc Chief Operating Officer Sheryl Sandberg said on Thursday the company was committed to helping U.S. congressional investigators publicly release Russia- backed political ads that ran during the 2016 U.S. election. The interview was the first by a senior Facebook executive since the company disclosed last month that it had...

  • In its monthly crop production report, USDA also raised its domestic corn production outlook as record yields in areas outside the major producing states boosted the size of the overall harvest. USDA pegged the corn harvest at 14.280 billion bushels, based on an average yield of 171.8 bushels per acre. USDA said it expected record yields in Alabama, Georgia,...

  • WASHINGTON, Oct 12- Facebook Inc Chief Operating Officer Sheryl Sandberg said on Thursday the company was fully committed to helping U.S. congressional investigators publicly release Russia- backed political ads that ran during the 2016 U.S. election. U.S. intelligence agencies have concluded that Russia used cyber-enabled means in an attempt to help Trump...

  • WASHINGTON, Oct 12- The U.S. Agriculture Department on Thursday bumped up its domestic corn production outlook as record yields in areas outside the major producing states boosted the size of the overall harvest. In its monthly crop production report, USDA pegged the corn harvest at 14.280 billion bushels, based on an average yield of 171.8 bushels per acre.

  • DETROIT/ WASHINGTON, Oct 12- General Motors Co said on Thursday it plans to scale back production at an assembly plant in Detroit starting later this month as it tries to deal with declining U.S. sedan sales. GM said in a statement that effective Oct. 20 its Detroit- Hamtramck plant "will operate under a reduced production schedule." The Hamtramck plant makes four...