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VOL. 37 | NO. 43 | Friday, October 25, 2013

Preconceived notions about bond girl Leah Hulan? Forget ’em.

A beauty queen’s long, strange journey

Much like the captivating Watson’s pool girl of yesteryear, Leah Hulan has created a beguiling persona of her own on the Middle Tennessee advertising scene.

So Nashville’s the 6th-most-stressful city in the US (really?) Deal with it!

Nobody likes to be stressed out. And since they say misery loves company, so the 650,000 or so people who live in Metro Nashville need only to look around to find a kindred spirit or three.

REALTY CHECK

Midstate’s residential real estate market seems to be cooling

From 2008 to 2011, the big question for the real estate market was “When will this (the Great Recession) end?” Among the most astute the answer was “Who knows?”

Local Weather
Today
Nashville, TN
49°F
Fair
Wind: 5 mph
Humidity: 74%

EVENTS

Halloween On The Square & 4th Annual Neddy Jacobs Coffin Race. Join the Wilson County Chamber of Commerce on Friday for a night of trick or treating on the downtown square. Free hotdogs & drinks. Coffin race begins at 7:30 p.m. Applications for the Coffin Race are available at the Chamber office. 5-8 p.m. Information: 444-5503.

more events »

REAL ESTATE

Top Midstate commercial real estate transactions for Sept. 2013

Top September 2013 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

TERRY McCORMICK

Like 2001 with McNair, it’s time to give the Titans' offense to Locker

Back in 2001, the Tennessee Titans were struggling to run the football. They had lost three games in a row and were looking for solutions.

NEWSMAKERS

TriStar Health names chief medical officer

TriStar Health has selected Jeffrey Guy, M.D., as its new chief medical officer. Guy will help lead the company’s clinical care goals at its 15 hospitals in Tennessee, South Central Kentucky and Northern Georgia. He replaces former TriStar Health Chief Medical Officer Douglas Ardoin, M.D.

BUSINESS BOOK REVIEW

This story of money is worth the price

There’s not enough money in your wallet.

GUERRILLA MARKETING

How to discount without harming brand integrity

Ask a sales rep for the No. 1 objection they face with prospects and more often than not, they’ll say that it’s price.

THE WORLDLY INVESTOR

Avoid the blogs, place trust in data

Last week, the keystone cops in Washington signed yet another procrastination resolution to our festering debt and deficit issues. No matter. The market rallied into our fiscal D-Day and emerged right after to new, all-time highs.

I SWEAR

When a stranger calls ... with nothing to say

Harassing phone calls. What other term would fit? For months now – more than a year, for sure, two years perhaps – at home, on our land line, we receive up to a dozen nuisance calls per week.

KAY'S COOKING CORNER

From the pumpkin patch to the table

Stop and think about October for a few moments. Close your eyes while doing so. (Well, maybe not, because then you couldn’t read this.)

HEALTH CARE

Haslam says Medicaid deal unlikely before new year

NASHVILLE (AP) — Gov. Bill Haslam says it is unlikely the state will hammer out a deal with the federal government on Medicaid expansion before the new year.

Promises, promises: A big one that got away

WASHINGTON (AP) — President Barack Obama's soothing promise that Americans happy with their health insurance could simply keep it was doomed from the start, and everyone familiar with the market seemed to recognize that except the president. Even his aides said four years ago, early in the huge push for his health care law, that he wasn't to be taken literally on that point.

NATIONAL BUSINESS

Facebook 3Q results fly past expectations

NEW YORK (AP) — Concerns about Facebook's ability to keep young teens coming back every day spooked some investors, even though the company's latest quarterly results showed continued strength in mobile advertising and beat Wall Street's expectations on all counts.

FAA OKs air passengers using gadgets on planes; calls still prohibited

WASHINGTON (AP) — Airline passengers will be able to use their electronic devices gate-to-gate to read, work, play games, watch movies and listen to music — but not talk on their cellphones — under much-anticipated new guidelines issued Thursday by the Federal Aviation Administration.

Fewer Americans seek unemployment aid for 3rd week

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell 10,000 last week to a seasonally adjusted 340,000, a sign that employers are laying off very few workers.

US stocks edge lower on mixed earnings

NEW YORK (AP) — Stocks were edging lower on Wall Street Thursday, keeping the market's big gain for October in check, as investors assessed some mix earnings reports.

Oil steady below $97 amid high supplies, Fed

LONDON (AP) — Oil remained below $97 a barrel Thursday, with gains limited by concerns over plentiful supplies and the prospect of less U.S. monetary stimulus.

Dell laptop buyers make a stink over cat smell

NEW YORK (AP) — A noxious feline odor has some Dell customers caterwauling.

Average US rate on 30-year mortgage at 4.10 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell for the second straight week and are at their lowest levels in four months.

Exxon Mobil's 3Q profit falls 18 percent

Exxon Mobil's profit is down 18 percent from last year, but the oil and gas giant is still making nearly $8 billion in three months.

Shell Q3 profits hit by lower production

AMSTERDAM (AP) — Royal Dutch Shell PLC, Europe's largest oil company, says third quarter earnings fell due to weaker demand for fuel and a drop in output, particularly in Nigeria, where attacks on pipelines have forced shutdowns.

Obama to pitch the US to foreign investors

WASHINGTON (AP) — President Barack Obama is America's business pitchman.

Air traffic control modernization hits turbulence

WASHINGTON (AP) — Ten years after Congress gave the go-ahead to modernize the nation's air traffic control system, one of the government's most ambitious and complex technology programs is in trouble.


WEDNESDAY, OCTOBER 30
STATEWIDE

Campaigns begin 1 year from abortion referendum

NASHVILLE (AP) — Anti-abortion rights activists are planning a high-dollar fundraiser next week to kick off their campaign for a constitutional amendment next fall that would give lawmakers more power to restrict access to abortions.

Preservation group to take grant applications

NASHVILLE (AP) — The Tennessee Historical Commission will start taking grant applications for historic preservation projects for next year starting Friday.

AUTO INDUSTRY

Chrysler IPO could happen by year end, CEO says

DETROIT (AP) — On the heels of a profitable third quarter, Chrysler Group said it will proceed with a public offering of shares before the end of this year.

GM hints at dividend, stock buyback on 3Q profit

DETROIT (AP) — Another solid quarterly performance at General Motors brought the strongest talk yet of the automaker paying a dividend for the first time in five years, or perhaps buying back stock.

Chrysler 3Q profit up 22 pct on truck demand

DETROIT (AP) — Chrysler Group's net income rose 22 percent in the third quarter as strong sales of the Ram pickup and Jeep Grand Cherokee masked weaknesses elsewhere in its lineup.

GM 3Q earnings fall, but beat Street forecasts

DETROIT (AP) — General Motors' third-quarter net income fell 53 percent compared with a year ago, as one-time expenses masked a strong performance in North America and a narrowed loss in Europe.

HEALTH CARE

Concerns raised about security of health website

WASHINGTON (AP) — Defending President Barack Obama's much-maligned health care overhaul in Congress, his top health official was confronted Wednesday with a government memo raising new security concerns about the trouble-prone website that consumers are using to enroll.

NATIONAL BUSINESS

Stocks fall after Fed says US still needs support

NEW YORK (AP) — The stock market is pulling back from all-time highs after the Federal Reserve said the U.S. economy still needs help from its stimulus program.

Fed leaves low interest-rate policies unchanged

WASHINGTON (AP) — The Federal Reserve says the U.S. economy still needs support from its low interest-rate policies because it is growing only moderately.

US consumer prices rise just 0.2 pct. in September

WASHINGTON (AP) — U.S. consumer prices increased only slightly in September, as higher energy costs offset flat food prices. The figures are the latest evidence that slow economic growth is keeping inflation tame.

ADP: US companies add just 130K jobs in October

WASHINGTON (AP) — A private survey shows U.S. businesses added just 130,000 jobs in October, as the 16-day partial government shutdown slowed an already-weak job market.

Oil falls more than $1 after another increase in US supplies

NEW YORK (AP) — The price of oil fell more than $1 a barrel Wednesday as the U.S. government reported another big increase in crude oil supplies.

Social Security benefits to go up by 1.5 percent

WASHINGTON (AP) — Social Security benefits for nearly 58 million people will increase by 1.5 percent next year, the government announced Wednesday.

Comcast 3Q profit declines, still beats Street

PHILADELPHIA (AP) — Comcast Corp., the nation's largest TV and Internet provider, on Tuesday posted a drop in third-quarter earnings that was milder than expected. Its NBCUniversal media subsidiary overcame the absence of Olympics programming with better movies like "Despicable Me 2" as well as upbeat theme park revenue.

Smartwatches abound. But who really wants one?

NEW YORK (AP) — Computerized wristwatches that display message alerts and weather updates are abound this holiday season: Consumer electronics companies are trying to persuade you to add these smartwatches to your shopping lists.

NATIONAL POLITICS

Lawmakers meeting in hopes of limited budget deal

WASHINGTON (AP) — Top negotiators on the budget maintained a conciliatory tone and promised Wednesday to genuinely try to find agreement to spare both the Pentagon and domestic agencies from automatic, indiscriminate spending cuts that are the price for Washington's repeated failures to strike a fiscal accord.


TUESDAY, OCTOBER 29
NATIONAL BUSINESS

Oil falls to $98 a barrel as US supplies seen up

The price of oil fell back to around $98 a barrel Tuesday as analysts forecast another rise of U.S. crude stockpiles.

US consumer confidence plunges on government shutdown

WASHINGTON (AP) — Americans' confidence in the economy fell this month to the lowest level since April, as many worried about the impact of a 16-day partial government shutdown. The decline could weigh on spending and economic growth.

Dow closes at a record high as Fed meeting begins

NEW YORK (AP) — Investors drove the Dow Jones industrial average to an all-time high Tuesday on expectations that the Federal Reserve will keep its economic stimulus program in place.

US home prices rise at fastest pace since 2006

WASHINGTON (AP) — U.S. home prices rose in August from a year earlier at the fastest pace since February 2006. But the price gains slowed in many cities from July, a sign that the spike in prices over the past year may have peaked.

IDC: Smartphone shipments up 39 percent in 3Q

NEW YORK (AP) — Research group IDC says worldwide shipments of smartphones grew 39 percent in the most recent quarter to 258 million as Samsung and Apple maintained their dominance.

Wholesale prices dipped 0.1 percent in September

Wholesale prices dipped 0.1 percent in September

Outside drop in autos, US retail spending rises

WASHINGTON (AP) — A sharp drop in auto sales caused largely by a calendar quirk lowered U.S. retail spending in September. But Americans spent more on most other goods, showing some confidence in the economy before much of the government shut down.

MUSIC INDUSTRY

Loretta Lynn delays 2 Iowa shows, cites exhaustion

NASHVILLE (AP) — Country music legend Loretta Lynn is postponing two shows in Iowa because of exhaustion.

STATEWIDE

Ex-US attorney general on TN judge selection panel

NASHVILLE -- Former U.S. Attorney General Alberto Gonzales is one of five new members on a panel that nominates candidates for Tennessee's appeals courts and Supreme Court.

Law enforcement veteran appointed to Parole Board

NASHVILLE (AP) — Gov. Bill Haslam has appointed a law enforcement veteran to the state's Board of Parole.


MONDAY, OCTOBER 28

NATIONAL BUSINESS

Stocks edge higher; S&P 500 climbs toward record

NEW YORK (AP) — The Standard & Poor's 500 index edged toward another record high close Monday as good news from J.C. Penney helped offset disappointing earnings reports from some U.S. companies.

Oil above $97 before week of data, Fed meeting

The price of oil hovered above $97 a barrel Monday as investors prepared for key U.S. economic reports and a Federal Reserve policy meeting this week.

NATIONAL POLITICS

Food stamps, milk prices on table in farm talks

MILWAUKEE (AP) — The fight over renewing the nation's farm bill has centered on cuts to the $80 billion-a-year food stamp program. But there could be unintended consequences if no agreement is reached: higher milk prices.

MUSIC INDUSTRY

Garth Brooks plans live broadcast of one-man show

NASHVILLE (AP) — Garth Brooks is taking his intimate one-man Las Vegas show to live television.

REAL ESTATE

Signed contracts to buy US homes plunges in Sept.

WASHINGTON (AP) — The number of Americans who signed contracts to buy existing homes fell in September to the lowest level in nine months, reflecting higher mortgage rates and home prices that have made purchases more costly.

MIDSTATE

Middle Tennessee getting new area code; 10-digit dialing required

NASHVILLE (AP) - A new area code is coming to Middle Tennessee. The North American Numbering Plan Administrator notified the Tennessee Regulatory Authority this week that the new area code will be 629. The TRA said it's likely to be assigned starting in spring 2015.

COURTS

Magistrate who changed baby's name could be disciplined

NASHVILLE (AP) - An East Tennessee magistrate who ordered a baby's name changed from Messiah to Martin has been charged with violating the state's Code of Judicial Conduct.

NASHVILLE AREA

Memorial set for Titans owner Bud Adams

NASHVILLE (AP) — A memorial service has been set in Houston for Tennessee Titans owner Bud Adams, who died Monday at 90.

STATEWIDE

TDOT offering new fund for local transit projects

NASHVILLE (AP) — The Tennessee Department of Transportation has created a fund to support the transportation needs of public transit users, pedestrians and bicyclists.

Tennessee sets January execution date

NASHVILLE (AP) - Tennessee is set to have its first execution in nearly five years in January and the first using a new single-drug method that's also being used by other states.

AUTO INDUSTRY

Government investigating Jeep Liberty fire reports

DETROIT (AP) — The federal government is investigating Jeep Liberty SUVs after two reports of fires in the driver's side doors.

8 states join forces to promote clean cars

SAN FRANCISCO (AP) — Eight states, including California and New York, pledged Thursday to work together to dramatically multiply the number of zero-emission cars on the nation's roads by speeding the construction of charging stations and other infrastructure.

HEALTH CARE

Obama administration taps contractor to fix health website

WASHINGTON (AP) — Nearly a month into the health care rollout and no end in sight to computer problems, the Obama administration says it's finally getting someone outside the government to take the lead.

Companies, patients shop for better health care deals

Paul Freeman drove 600 miles last year to save himself — and his employer — thousands of dollars on his surgery.

5 keys to successful health care shopping

Patients are being pushed to shop more for health care by insurance plans that require them to pay higher out-of-pocket costs. But finding the right deal is often no easy task. Here are five things to consider if you decide to shop around:

NATIONAL BUSINESS

Government shutdown hits US consumer confidence

WASHINGTON (AP) — U.S. consumer confidence fell in October as concern grew that the partial government shutdown and political fight over the nation's borrowing limit would slow growth.

Long-lasting US factory goods orders rise 3.7 pct.

WASHINGTON (AP) — A jump in demand for commercial airplanes boosted orders for long-lasting U.S. factory goods last month. But orders for most other goods fell as businesses cut spending, a possible sign of concern about the partial government shutdown that began Oct. 1.

Tech earnings drive stocks to higher close; Microsoft leads Dow

NEW YORK (AP) — Earnings gains from big U.S. companies are pushing the stock market higher.

Oil posts gain, but still finishes week with loss

The price of oil rose Friday after a positive U.S. economic report, but finished with a loss for the week as supplies remain plentiful while demand is unspectacular.

UPS sees busier, intense holiday shopping season

ATLANTA (AP) — UPS expects this holiday season to be busier than last, thanks to the growing popularity of online shopping. And more intense, thanks to the calendar.

UPS more than doubles 3Q profit

A pickup in deliveries is helping UPS more than double its profit from a year ago, when Big Brown took a hit from pension-restructuring costs.

Southwest profit up on higher fares, cheaper fuel

DALLAS (AP) — Average fares are rising on Southwest Airlines Co., the fuel bill is shrinking, and profit is soaring.

US job openings rise in August, but hiring flat

WASHINGTON (AP) — U.S. employers advertised more jobs in August but hiring was essentially flat, further evidence of a job market that has weakened after a promising start to the year.

Fed proposes big banks hold more cash, assets

WASHINGTON (AP) — The Federal Reserve on Thursday proposed that big banks keep enough cash, government bonds and other high-quality assets on hand to survive during a severe downturn on par with the 2008 financial crisis.

Dr Martens, punk style icon, sold to investors

LONDON (AP) — The suits are taking over. An investment firm has agreed to buy Dr. Martens, the maker of the boots that became a fashion staple for punks.

NATIONAL POLITICS

Healthcare.gov failures surface at Hill hearing

WASHINGTON (AP) — The leading contractors on the Obama administration's troubled health insurance website told Congress Thursday that the government failed to thoroughly test the complicated system before it went live.

Both sides agree: No major budget deal foreseen

WASHINGTON (AP) — On this, GOP budget guru Rep. Paul Ryan and top Senate Democrat Harry Reid can agree: There won't be a "grand bargain" on the budget.

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