VOL. 39 | NO. 31 | Friday, July 31, 2015
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.
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.
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.
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.
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.
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.
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.
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.
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 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
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.
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.
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.
KNOXVILLE (AP) — Scripps Networks Interactive Inc. (SNI) on Tuesday reported second-quarter profit of $193.7 million.
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.
NASHVILLE (AP) — Stefanie Murray, the vice president and executive editor of The Tennessean, has resigned from the Nashville newspaper.
WASHINGTON (AP) — Comcast is speeding up and expanding a discounted Internet service that was created to get more low-income people online.
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.
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.
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.
ATHENS, Greece (AP) — After so much pain, Greece must now figure out how to get its economy back on its feet.
Pricey specialty drugs helped CVS Health cope with tobacco withdrawal to top analyst expectations in the second quarter.
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
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,
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.
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.
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.
NEW YORK (AP) — U.S. stocks are closing lower as energy companies slide along with the price of crude oil.
The slump in oil prices deepened Monday, pulling down the price of U.S. crude to the lowest level in more than four months.
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.
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.
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.
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.
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.
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.
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.
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.
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
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
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.
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.
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.
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.
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.
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.
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.
WASHINGTON (AP) — U.S. consumer sentiment slipped this month but remains at healthy levels, the University of Michigan said Friday.
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.
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.
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.
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.
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.
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.