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VOL. 38 | NO. 32 | Friday, August 08, 2014

Middle Tennessee has a growing appetite for luxury cars

Even the sunniest of car salesmen changes the subject when 2008 and 2009 are referenced.

Electrics, hybrids continue to gain fans, sales

When JP White bought his Nissan LEAF three years ago this month, the admitted tech geek was drawn to electric cars first – and foremost – by the technology.

Recalls provide headaches for owners, opportunity for dealers

Trying to find a make and model of car not facing a recall these days is a tall order.

GM’s sales strong despite woes

General Motors has recalled nearly 30 million cars and trucks this year, including some models that had barely rolled off the assembly line. Yet sales have been resilient, up 3.5 percent through the first seven months of the year.

Local Weather
Today
Nashville, TN
39°F
Partly Cloudy
Wind: 5 mph
Humidity: 65%

EVENTS

Live on the Green. Spanish Gold, The Weeks, City and Colour kick off the concert series at 6 p.m. Thursday. Since its inception in 2009, more than 200,000 fans from 29 states and 10 countries have attended the free outdoor music festival. It also has hosted more than 70 artists, including Alabama Shakes, Local Natives, Band of Horses, Matt & Kim, Michael Franti & Spearhead, Matt Nathanson, The Wallflowers, Citizen Cope, Dr. John, The Wailers and more. This year’s lineup:

more events »

REALTY CHECK

Low inventory threatens fall real estate market

The Nashville real estate market has traditionally included two selling seasons, the spring and the fall markets.

REAL ESTATE

Top Middle Tennessee commercial real estate transactions first half 2014

Top first half 2014 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

TENNESSEE TITANS

Titans can feel new attitude, attention to detail

Slowly but surely, the landscape appears to be changing for the Tennessee Titans.

Titans holding safety clinic for moms at stadium

NASHVILLE (AP) — The Tennessee Titans and the team's co-chairwomen are holding a football safety clinic just for mothers at LP Field.

UT SPORTS

Other than QB, both lines and kickers, Vols all set

KNOXVILLE – One week into fall camp, University of Tennessee football coach Butch Jones and his assistants are just getting started.

NEWSMAKERS

Diversified Trust expands Nashville leadership team

Diversified Trust, an employee-owned, southeast-based comprehensive wealth management firm that manages more than $5 billion in client assets, has announced the hiring of three senior professionals in its Nashville office: Adam Dretler, senior vice president, Lamar Stanley, vice president, Katie Williams, vice president

GUERRILLA MARKETING

How is your brand changing the world?

The essence of a brand isn’t so much about rational arguments; instead, it’s how it makes the market feel emotionally.

CAREER CORNER

Quit now or wait until you have a new job? All depends on circumstances

Job seeking can be a long, difficult process.

I SWEAR

When is a word not really a word? Ask Webster

If you’re passing through Aberdeen, North Carolina, you should have no trouble finding Railhouse Brewery on East South Street. Moore County’s only microbrewery stands in the middle of downtown, just a few feet from the train track.

KAY'S COOKING CORNER

Cooking once in a Blue Moon

If you follow my column, you know I love to grill out. If you don’t read it often, I’ll tell you now: I love to grill out.

COURTS

Tennessee Justice Bivins to campaign for amendment

NASHVILLE (AP) — Newly installed state Supreme Court Justice Jeff Bivins is campaigning Thursday in favor of a ballot measure to amend the Tennessee Constitution to maintain merit selection of appeals judges.

Lighter sentences sought for some business crimes

WASHINGTON (AP) — The federal panel that sets sentencing policy eased penalties this year for potentially tens of thousands of nonviolent drug offenders. Now, defense lawyers and prisoner advocates are pushing for similar treatment for a different category of defendants: swindlers, embezzlers, insider traders and other white-collar criminals.

STATEWIDE

Tennessee sees large unemployment drop

Applications for U.S. unemployment benefits shot up last week, after having held at relatively low levels over the past month, but Tennessee claims dropped by 1,090.

Tennessee's business taxes pick up after decline

NASHVILLE (AP) — Tennessee's business taxes are starting to pick up.

NASHVILLE AREA

CCA pays $260K in overtime lawsuit settlement

LOUISVILLE, Ky. (AP) — The largest private prison company in America paid $260,000 to a group of shift supervisors in Kentucky to settle claims that they were denied overtime, according to an agreement unsealed Wednesday.

AUTO INDUSTRY

NY Fed: US auto loans soar to highest in 8 years

WASHINGTON (AP) — U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York.

NATIONAL BUSINESS

US jobless aid applications rise to 311,000

WASHINGTON (AP) — More people applied for U.S. unemployment benefits last week, although jobless claims continue to be close to pre-recession levels.

US stocks creep higher following earnings news

NEW YORK (AP) — The U.S. stock market crept higher Thursday following a mixed batch of corporate news. In Europe, investors brushed aside more worrying news on the economy and nudged markets up.

Average US 30-year mortgage rate at 4.12 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, approaching their lows for the year.

Wal-Mart cuts profit outlook

BENTONVILLE, Ark. (AP) — Wal-Mart Stores Inc. cut its annual profit outlook on Thursday as the world's largest retailer faced another quarter of sluggish sales and traffic declines.


WEDNESDAY, AUGUST 13
MUSIC INDUSTRY

Dove Awards announce nominees

NASHVILLE (AP) - Hillsong United, Lecrae, Mandisa and Matt Maher lead the 45th annual Dove Awards nominations for artists with five apiece for gospel and Christian music excellence.

TECHNOLOGY

Amazon debuts mobile payment app and card reader

NEW YORK (AP) — Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments through their smartphones and tablets.

HEALTH CARE

Deadline to clear up health law eligibility near

WASHINGTON (AP) — The clock is ticking for hundreds of thousands of people who have unresolved issues affecting their coverage under the new health care law.

NATIONAL BUSINESS

Sentencing changes sought for business crimes

WASHINGTON (AP) — The federal panel that sets sentencing policy eased penalties this year for potentially tens of thousands of drug dealers. Now, defense lawyers and prisoner advocates are pushing for similar treatment for an arguably less-sympathetic category of defendants: swindlers, embezzlers, insider traders and other white-collar criminals.

US businesses boosted stockpiles 0.4 pct. in June

WASHINGTON (AP) — U.S. businesses added to their stockpiles at a slightly slower pace in June compared with May, possibly reflecting weaker sales in the past two months.

US retail sales flat in July

WASHINGTON (AP) — U.S. retail sales were essentially flat in July, providing evidence that consumers have yet to shed their doubts about the economy despite recent job gains.

Macy's 2Q profit falls short; sales outlook cut

NEW YORK (AP) — Macy's Inc. on Wednesday reported a 4 percent profit increase in its fiscal second quarter as business rebounded from slow sales earlier in the year.

US stocks close higher; Amazon gains, Macy's drops

NEW YORK (AP) — Technology and health care companies are helping U.S. stocks close higher, despite a mixed batch of economic news and a pullback in Japan's economy.

Decision could boost use of popular weed killer

WASHINGTON (AP) — Faced with tougher and more resistant weeds, corn and soybean farmers are anxiously awaiting government decisions on a new version of a popular herbicide — and on genetically modified seeds to grow crops designed to resist it.

Like stocks, junk bonds show investor jitters

NEW YORK (AP) — The stock market isn't the only place that's been signaling jitters among investors. The $2.3 trillion market for risky U.S. corporate debt has also been under pressure.


TUESDAY, AUGUST 12
STATEWIDE

Upset in DesJarlais-Tracy race looking unlikely

NASHVILLE (AP) - Although it is unclear exactly how many provisional ballots remain uncounted in Tennessee's 4th Congressional District's Republican primary, the ballots counted so far make an upset look increasingly unlikely.

6 named to Tennessee Journalism Hall of Fame

MURFREESBORO (AP) - Six journalists have been named to the Tennessee Journalism Hall of Fame at Middle Tennessee State University.

MUSIC INDUSTRY

'Nashville' goes live in new season premiere

NASHVILLE (AP) - Actor Charles Esten has more at stake in the new season of the ABC drama "Nashville" than resolving the cliffhanger that left his character, singer-songwriter Deacon Claybourne, in the midst of a lyricist love triangle.

Lady Antebellum to headline New Year's bash

NASHVILLE (AP) — Grammy-winning country trio Lady Antebellum will headline the sixth annual Jack Daniel's New Year's Eve Bash in Nashville.

COURTS

Court considers if executioners can be named

NASHVILLE (AP) - A Tennessee appeals court is considering whether 10 death row inmates have the right to know about the drugs that will be used in their executions and whether their lawyers can get the names of the people who will kill them.

AUTO INDUSTRY

NY judge to encourage settlements of GM lawsuits

NEW YORK (AP) — A federal judge told lawyers on Monday he'll encourage settlements in lawsuits brought on behalf of nearly 1,000 plaintiffs against General Motors for defective ignition switches.

HEALTH CARE

FDA approves first DNA-based test for colon cancer

WASHINGTON (AP) — The Food and Drug Administration on Monday approved the first screening test for colon cancer that uses patients' DNA to help spot potentially deadly tumors and growths.

NATIONAL BUSINESS

US stocks fall as geopolitical risks remain

NEW YORK (AP) — The stock market pulled back slightly Tuesday, following two days of gains, as investors focused on the damage that ongoing geopolitical tensions were causing the global economy.

Record crops predicted; farmers market carefully

DES MOINES, Iowa (AP) — Farmers will produce a record-breaking corn harvest this year, surpassing earlier expectations of the U.S. Department of Agriculture, which on Tuesday revised upward its estimate of this year's corn crop to 14 billion bushels to exceed last year's 13.9 billion bushel record.

Apple's tech jobs held mostly by white, Asian men

SAN FRANCISCO (AP) — Apple's high-paying technology jobs are primarily filled by white and Asian men, just like its industry peers.

US budget deficit running 24.2 percent below 2013

WASHINGTON (AP) — The federal government ran a lower deficit this July than a year ago, keeping it on course to record the lowest deficit in six years.

US job openings in June hit 13-year-plus high

WASHINGTON (AP) — U.S. employers in June advertised the most monthly job openings in more than 13 years.


MONDAY, AUGUST 11
STATE LEGISLATURE

Summerville resigns from Republican Caucus

NASHVILLE (AP) - Sen. Jim Summerville has resigned from the Republican Caucus following a loss in last week's election primary.

STATEWIDE

Tennessee AG Bob Cooper to seek another 8-year term

NASHVILLE (AP) - Tennessee Attorney General Bob Cooper announced Monday he will seek another eight-year term after three Democrats were retained on the Supreme Court.

Deadline for voters today in DesJarlais race

NASHVILLE (AP) - Voters who cast provisional ballots in the election involving scandal-plagued U.S. Rep. Scott DesJarlais have until the close of business today to present proper identification so their votes count. But election officials say it could still be days before all the provisional ballots are counted.

DesJarlais, Tracy campaigns seek legal counsel

NASHVILLE (AP) — The campaign of scandal-battered U.S. Rep. Scott DesJarlais said it's consulting with election attorneys in case the incumbent's 35-vote lead over his opponent in the Republican primary is challenged.

Citizens' Trooper Academy taking applications

NASHVILLE (AP) — The Tennessee Highway Patrol is taking applications for the fall class of its Citizens' Trooper Academy for classes to be held in Nashville and Jackson.

AUTO INDUSTRY

Volkswagen recalls some Tiguans

NEW YORK (AP) — Volkswagen of America is recalling 151,389 Tiguan SUVs due to the possibility of stalling.

HEALTH CARE

AIDS activist takes up a new fight: defending FDA

WASHINGTON (AP) — As an AIDS activist in the early 1990s, Gregg Gonsalves traveled to Washington to challenge the Food and Drug Administration.

NATIONAL BUSINESS

US agency warns consumers about Bitcoin risks

WASHINGTON (AP) — Federal regulators are warning consumers about the risks of using virtual currencies such as Bitcoin.

US stocks edge higher on corporate news, earnings

NEW YORK (AP) — U.S. stocks are closing slightly higher as investors turn their focus to corporate news and as tensions ease in Ukraine.

US Postal Service loses $2B this spring

WASHINGTON (AP) — The U.S. Postal Service lost $2 billion this spring despite increasing its volume and charging consumers more money to send mail, officials said Monday.

NY store to pay $525K in shopper-profiling probe

NEW YORK (AP) — Barneys has agreed to pay $525,000 to resolve allegations that minorities were singled out as suspected shoplifters at its flagship store, part of a spate of racial profiling complaints against major retailers last year.

Study: Keystone carbon pollution more than figured

WASHINGTON (AP) — The much-debated Keystone XL pipeline could produce four times more global warming pollution than the State Department calculated earlier this year, a new study concludes.

Ebola starting to take an economic toll in Africa

WASHINGTON (AP) — Caterpillar has evacuated a handful of employees from Liberia. Canadian Overseas Petroleum Ltd. has suspended a drilling project. British Airways has canceled flights to the region. ExxonMobil and Chevron are waiting to see whether health officials can contain the danger.


FRIDAY, AUGUST 8
STATEWIDE

Alexander, Supreme Court justices prevail in Tenn.

NASHVILLE (AP) — Republican Lamar Alexander became the latest U.S. senator to fend off a tea party challenge in a primary race Thursday, defeating a state lawmaker who had used a familiar tactic in trying to cast him as an out of touch insider.

Rep. DesJarlais holds on in Tenn. despite scandals

NASHVILLE (AP) — Scandal-plagued Tennessee Rep. Scott DesJarlais and challenger Jim Tracy's race was still too close to call Friday as election officials in Tennessee's largely rural 4th Congressional District tallied outstanding votes.

State Sen. Stacey Campfield loses seat in primary

NASHVILLE (AP) — After losing his seat in Thursday's election primary, Republican Sen. Stacey Campfield posted a blog that simply said "that was fun" and featured a YouTube video of Frank Sinatra singing "My Way."

Victoria Jackson loses bid for county seat

THOMPSON'S STATION (AP) — Former "Saturday Night Live" cast member Victoria Jackson has lost her bid as an independent candidate for a seat on the Williamson County Commission.

AUTO INDUSTRY

GM issues 6 more recalls covering 312,000 vehicles

DETROIT (AP) — General Motors is issuing six more recalls totaling more than 312,000 vehicles as the company cleans up past safety issues.

NATIONAL BUSINESS

US stocks gain on signs of easing Ukraine tension

NEW YORK (AP) — U.S. stocks are closing higher as investors were relieved by reports of easing tensions between Ukraine and Russia.

US productivity recovers after steep 1Q fall

WASHINGTON (AP) — U.S. workers were more productive in the April-June quarter and labor costs rose slightly, a sharp turnaround from grim first-quarter figures.

Fed survey: 25 pct of households 'just getting by'

WASHINGTON (AP) — A survey by the Federal Reserve shows that a quarter of U.S. households say they're "just getting by" financially.

McDonald's sales hit by China scandal, US weakness

NEW YORK (AP) — McDonald's says a global sales figure fell 2.5 percent in July, dragged down by persistent weakness in the U.S. and a food safety scare in China.

US consumer credit increases at slower pace June

WASHINGTON (AP) — U.S. consumers expanded their borrowing at a slower rate in June compared to the prior month.

Russia retaliates on West's sanctions over Ukraine

MOSCOW (AP) — Russia retaliated Thursday for sanctions over the crisis in Ukraine by banning most food imports from the West, dealing a blow to Europe that also takes aim at hurting the U.S., Canada and Australia.

Oil boom and housing bust alter US spending trends

WASHINGTON (AP) — North Dakotans, enriched by an oil boom, stepped up their spending at triple the national pace in the three years that followed the Great Recession. In Nevada, smacked hard by the housing bust, consumers barely increased their spending.

Fannie, Freddie post profits in 2Q; pay dividends

WASHINGTON (AP) — Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the April-June period as the U.S. housing market continued to recover. Gains in recent years have enabled them to fully repay their government aid after being rescued during the financial crisis in 2008.

Average US 30-year mortgage rate at 4.14 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.

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