Tennessee

Signs of progress as GM, UAW talks resume

Contract talks between General Motors Corp and the United Auto Workers union resumed on Sunday, a day before tens of thousands of GM factory workers were due to return to work at the No. 1 U.S. automaker in the absence of a new contract.

First Acceptance slides on loss, loan issues

First Acceptance Corp shares fell more than 30 percent on Friday after the automobile insurance provider posted a quarterly loss and had its access to capital reduced as it failed to comply with terms of a credit agreement.

First Horizon to cut 1,500 jobs by mid-2008

First Horizon National Corp, the largest bank in Tennessee, said on Wednesday it plans to eliminate at least 1,500 jobs by the middle of next year as it slashes its mortgage sales force and closes branches.

Fannie bulked up on risky loans in 2006

Fannie Mae, the nation's largest source of home loan funding, increased its holdings of risky subprime loans in 2006 while its profits fell that year, the company said on Thursday in a long-delayed report.

Florida property market turns cold

Phone books that were delivered but never opened rot away next to empty driveways and overgrown lawns, telltale signs that once-booming southwest Florida is now the center of the U.S. housing storm.

FedEx 4Q Profit Rises, Misses Estimates

Package delivery company FedEx Corp. on Wednesday reported a profit that missed analysts' forecast and said earnings growth would fall short of expectations due to continued softness in the U.S. economy.

CBRL Shares Drop After Weaker Winter Sales

CBRL Group, Inc. shares were down significantly on Tuesday after it reported poor March sales due to bad winter weather at its Cracker Barrel Old Country Store restaurants and gift shops.

HCA warns first-quarter below Street

HCA Inc., the biggest U.S. hospital company, on Monday said it will report lower-than-expected quarterly results, amid a weak flu season, slowing patient admissions in major markets and more uninsured customers.

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