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VOL. 39 | NO. 31 | Friday, July 31, 2015

Pedal-powered vehicles, electric carts find open lane in downtown Nashville congestion

Moving slowly, growing quickly

Time was, crossing Lower Broadway safely only meant dodging woozy country music fans, speeding cabs and the occasional errant tour bus.

Cars2Go to offer car-share service in Nashville

The Austin-based car-sharing company Car2Go plans to drive into the Nashville market next year, offering residents in the downtown core yet another way of getting around.

Five questions for Nashville's mayoral candidates

In the more than 50 years under metro-politan government, Nashville has had only one one-term mayor. When the original limit was three terms, both Richard Fulton and Beverly Briley served 12 years. All the rest served two, four-year terms except Bill Boner, who did not seek re-election.

REALTY CHECK

New closing regulations create title company anxiety

Real estate is still hot in the Nashville area, with July expected to be another record month. Even so, showings seem to be slowing, and listings mounting.

Local Weather
Today
Nashville, TN
85°F
Mostly Cloudy
Wind: 0 mph
Humidity: 59%

EVENTS

Real Estate Investors Network. Deals, Deals, Deals Focus Subgroup – Learn where investors find and sell deals, as well as the mechanics of various deals. Today, 6:30 p.m. at the REIN Center, 4525 Harding Rd, Ste 200, Nashville. Information: reintn.org/calendar. Additional opportunities:

more events »

TENNESSEE TITANS

Mariota brings a little hope to Titans training camp

The Tennessee Titans are overdue to get one right. For the third time in nine years, the Titans have spent a first-round pick on a quarterback, this time taking 2014 Heisman Trophy winner Marcus Mariota with the second overall pick last May.

UT SPORTS

Vols open fall camp with great expectations

It’s hard to miss the buzz of excitement as Tennessee’s football team starts preseason practices for the 2015 season in Butch Jones’ third year as head coach.

BEYOND BELIEF

Examining our expectations after shootings

I’d like to say my very first emotion after the July 16 Chattanooga mass murder was either horror or sadness, but that would be a lie. Americans saw 204 multiple-victim shootings in the first 204 days of 2015. By the time these words appear in print, I’ve no doubt the count will be higher.

NEWSMAKERS

Hagerty joins Pinnacle board

Bill Hagerty, co-founder and managing director of private equity investment firm Hagerty Peterson & Company, has been elected to the Pinnacle Financial Partners’ 14-member board of directors.

GUERRILLA MARKETING

Consultative sales: Understanding customer needs

Consultative selling is a discovery-based approach that puts the sales professional in the enviable role of partner or adviser versus the stereotypical pushy rep looking to close a deal at any cost.

BEHIND THE WHEEL

Jaguar brings sexy back with its 2016 F-Type

Jaguar has made its sexy F-Type even sportier and more seductive for 2016, with a manual transmission, surprisingly precise electric steering and new standard equipment including a 770-watt sound system from British high-performance audio maker Meridian.

THE WORLDLY INVESTOR

Parting thoughts before leaving Asia

This entry will be my last submission penned while living in Asia, so rather than discuss the market’s recent wiggles, I thought I would share some top of mind takeaways as I prepare to depart Hong Kong.

I SWEAR

Who could reject scholarly history of dirty words?

It’s been said that the Web is a Mecca for writers who are not good to start with and don’t know how to rewrite, revise and edit.

STATEWIDE

10 named to panel to review Tennessee K-12 education standards

NASHVILLE (AP) — Gov. Bill Haslam and the speakers of the House and Senate have appointed the 10 members of a committee established to review K-12 education standards in Tennessee.

Scripps Networks beats Street 2Q forecasts

KNOXVILLE (AP) — Scripps Networks Interactive Inc. (SNI) on Tuesday reported second-quarter profit of $193.7 million.

NASHVILLE AREA

Bush, Rubio to speak before Southern Baptist group

NASHVILLE (AP) — Republican presidential candidates Jeb Bush and Marco Rubio hope to connect Tuesday with Christian conservatives, a key group of voters in the early primary states of Iowa and South Carolina.

Murray resigns as editor of The Tennessean

NASHVILLE (AP) — Stefanie Murray, the vice president and executive editor of The Tennessean, has resigned from the Nashville newspaper.

TECHNOLOGY

Comcast speeding up its discounted Internet service

WASHINGTON (AP) — Comcast is speeding up and expanding a discounted Internet service that was created to get more low-income people online.

REAL ESTATE

Freddie Mac posts $4.2B profit in 2Q; paying $3.9B dividend

WASHINGTON (AP) — Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes of riskier mortgages.

NATIONAL/INTERNATIONAL BUSINESS

US factory orders advance 1.8 percent in June

WASHINGTON (AP) — Orders to U.S. factories increased in June, and a key category that reflects business investment plans posted a modest rise. But the gains weren't robust enough to suggest that the sluggish manufacturing sector is mounting a significant turnaround.

US stocks edge higher; Allstate slumps on weak earnings

NEW YORK (AP) — U.S. stocks edged higher in early trading Tuesday as energy stocks rebounded from a big sell-off. Those gains were offset by some disappointing earnings reports. Allstate fell sharply after the insurance company reported earnings that missed analysts' expectations.

Rebooting Greece: how to get its economy going again

ATHENS, Greece (AP) — After so much pain, Greece must now figure out how to get its economy back on its feet.

CVS earnings rise despite no tobacco fix

Pricey specialty drugs helped CVS Health cope with tobacco withdrawal to top analyst expectations in the second quarter.

NATIONAL POLITICS

Kerry pushes Asia trade pact in Singapore

SINGAPORE (AP) — U.S. Secretary of State John Kerry called Tuesday for countries negotiating a major Pacific Rim trade deal to overcome differences that have stalled its conclusion.


MONDAY, AUGUST 3
STATEWIDE

Haslam says guns-in-parks bill worth reviewing for clarity

NASHVILLE (AP) - Tennessee lawmakers should consider reviewing a new law that allows handgun carry permit holders to bring firearms to parks, playgrounds and sports fields following a key opinion from the state's attorney general, Gov. Bill Haslam said Monday,

COURTS

Questions, jockeying abound amid Tennessee Supreme Court vacancy

NASHVILLE (AP) — When Gary Wade was appointed to the state Supreme Court in 2006, the self-described "mountain boy from the Smokies" planned to serve the eight-year term and retire from his distinguished judicial career.

AUTO INDUSTRY

US auto sales strong in July; Nissan posts 8% increase

DETROIT (AP) — More Americans are buying cars that say "look at me." Luxury vehicles like Audis and Volvos drove off dealer lots at a furious pace in July and, combined with sizzling demand for SUVs, helped the auto industry roll on toward its best annual sales since before the recession. July sales rose 5 percent to more than 1.5 million, according to Autodata Corp.

REAL ESTATE

US construction spending up just 0.1 percent in June

WASHINGTON (AP) — U.S. construction spending increased in June by the smallest amount in five months as a big drop in nonresidential building activity offset a third straight increase in home building.

NATIONAL/INTERNATIONAL BUSINESS

US stocks drop, led by fall in energy stocks

NEW YORK (AP) — U.S. stocks are closing lower as energy companies slide along with the price of crude oil.

Oil prices slide as worries about global supply glut mount

The slump in oil prices deepened Monday, pulling down the price of U.S. crude to the lowest level in more than four months.

US consumer spending edges up in June

WASHINGTON (AP) — Consumer spending in June rose by the smallest amount in four months as shoppers cut back on purchases of cars and other big-ticket items.

US manufacturing growth slows in July

WASHINGTON (AP) — U.S. factories were a little less busy last month. The Institute of Purchasing Managers' manufacturing index slipped to 52.7 last month from 53.5 in June. Economists had expected the index to remain unchanged. Any reading above 50 indicates growth.

Greek stock market bloodbath as exchange reopens

ATHENS, Greece (AP) — Greece's stock market plunged over 22 percent as it reopened Monday after a five-week closure, giving investors their first opportunity since late June to react to the country's latest economic crisis.

Sears sales fall sharply in 2Q as it spins off real estate

HOFFMAN ESTATES, Ill. (AP) — Sears Holdings Corp. says a key sales figure fell sharply in the second quarter, particularly dragged down by weakness at its namesake stores. It's at least the 10th straight quarter that the metric has declined.

AT&T, as new owner of DirecTV, offers TV-wireless package

NEW YORK (AP) — AT&T is unveiling a new package that combines traditional TV and wireless services as it seeks to broaden its offerings following its $48.5 billion purchase of satellite TV company DirecTV about a week ago.

Poll: Americans favor farmers & food during drought

LOS ANGELES (AP) — When water gets scarce and the government slaps restrictions on its use, who should be first in line at the spigot? Farmers, according to an Associated Press-GfK poll.

NATIONAL POLITICS

Obama heralds impact of power plant greenhouse gas limits

WASHINGTON (AP) — Calling it a moral obligation, President Barack Obama unveiled the final version of his plan to dramatically cut emissions from U.S. power plants, as he warned anew that climate change will threaten future generations if left unchecked.

Who wins and loses under Obama's stricter power plant limits

WASHINGTON (AP) — President Barack Obama is mandating even steeper greenhouse gas cuts from U.S. power plants than previously expected, while granting states more time and broader options to comply.

GOP candidates woo donors, Koch warns government must shrink

DANA POINT, Calif. (AP) — Five Republican presidential candidates wooed donors at a weekend retreat where billionaire industrialist Charles Koch warned America is "done for" if conservatives don't rally others to their cause by demanding a smaller, less-intrusive government

Pro-Bush super PAC received $1M from Florida power company

WASHINGTON (AP) — The largest Florida corporate donor to a super political action committee backing former Gov. Jeb Bush's presidential run is NextEra Energy Inc., the company that owns electric utility giant Florida Power & Light.


FRIDAY, JULY 31
MUSIC INDUSTRY

Lynn Anderson, singer of 'Rose Garden,' dies in Nashville

NASHVILLE (AP) — Lynn Anderson, whose strong, husky voice carried her to the top of the charts with "(I Never Promised You a) Rose Garden," has died. She was 67.

COURTS

Criminal defense lawyers critical of sentencing task force

NASHVILLE (AP) - The Tennessee Association of Criminal Defense Lawyers says a task force that will recommend sentencing changes has not reached out to them for input.

STATEWIDE

Attorney general: Private groups can't ban guns in parks

NASHVILLE (AP) — An attorney general's opinion says private organizations can't prevent licensed handgun permit holders from taking weapons into events the groups operate at public parks.

HEALTH CARE

Health law's nonprofit insurance co-ops awash in red ink

WASHINGTON (AP) — Fed up with the insurance industry, Democrats used the health care overhaul to create nonprofit co-ops that would compete with the corporations. Now a government audit finds co-ops are awash in red ink.

NATIONAL/INTERNATIONAL BUSINESS

Extended slump in oil taking toll on industry, economy

NEW YORK (AP) — As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth.

US stocks end lower as energy stocks slump on earnings

NEW YORK (AP) — U.S. stocks are closing with small losses, as a big drop in energy stocks offsets gains in other parts of the market.

Greece's stock market to reopen as bailout talks progress

ATHENS, Greece (AP) — Greece's government announced that the Athens Stock Exchange will reopen Monday, a big step toward normalcy as talks with international creditors shifted into high gear.

University of Michigan: Consumer sentiment dips this month

WASHINGTON (AP) — U.S. consumer sentiment slipped this month but remains at healthy levels, the University of Michigan said Friday.

US paychecks grow at record-slow pace in 2nd quarter

WASHINGTON (AP) — U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring isn't lifting paychecks much for most Americans. The slowdown also likely reflects a sharp drop-off in bonus and incentive pay for some workers.

Higher wages a surprising success for Seattle restaurant

SEATTLE (AP) — Menu prices are up 21 percent and you don't have to tip at Ivar's Salmon House on Seattle's Lake Union after the restaurant decided to institute the city's $15-an-hour minimum wage two years ahead of schedule.

Prosecutors ask justices to review insider trading case

WASHINGTON (AP) — The Obama administration asked the Supreme Court Thursday to reinstate securities fraud convictions against two hedge fund portfolio managers, saying a federal appeals court ruling in the financiers' favor makes it harder to prosecute insider trading.

US economy posts solid 2.3 percent growth rate in Q2

WASHINGTON (AP) — The U.S. economy posted a solid rebound in the April-June quarter after a harsh winter, led by a surge in consumer spending and a recovery in foreign trade that bode well for the rest of the year.

NATIONAL POLITICS

Senate passes 6-year highway bill, short-term patch needed

WASHINGTON (AP) — The Senate passed a long-term transportation bill, but with House lawmakers already dispersed for their August recess, the bill will become just one more sticky issue on a jam-packed congressional agenda in the fall.

Senate panel passes bill lifting crude oil export ban

WASHINGTON (AP) — A Senate panel has approved energy legislation that would lift the 40-year-old ban on crude oil exports and open some areas of the Outer Continental Shelf to oil and gas exploration.

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