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VOL. 38 | NO. 36 | Friday, September 5, 2014

Learning job skills, saving lives a purrfect combination

Teens, furry friends find their place via Germantown's Crossroads Pets

Nancy Keen Palmer is worried about Lily and Holly.

Focus on teens ‘at risk of being homeless’

Not only is Crossroads Campus a successful non-profit operation that’s building a bridge to help homeless animals and potentially homeless young people, it’s also a thriving retail business operation driven by the savvy of executive director Lisa Stetar and her staff.

Big Love Bus a big hit with Titans, Vols fans

If you want the ride to a Titans or Tennessee Vols game to be as fun as the football game itself, the Big Love Bus could be your ticket – and a safe one at that.

IN THE WEEDS

Food + Wine more than another festival

A wallop of good food and music can leave a mark. It’s why a year later, I can still conjure that trickle of butter on my chin from a bite of Chef John Besh’s crab and caviar toast at the inaugural Music City Food + Wine festival.

Local Weather
Currently
Nashville, TN
65.0°F
Overcast
Wind: South at 4.6 mph
Humidity: 73%

EVENTS

Real Estate Investors Network. Wholesaling Subgroup. Network with wholesalers and buyers of single-family and multi-family real estate. Today, 6 p.m., REIN Center - 4525 Harding Rd., Suite 200, Nashville. Information: www.reintn.org. Upcoming events:

more events »

REALTY CHECK

Will more rentals slow rising home prices?

Hardly a day goes by that a residential real estate broker is not asked: “When will it end?”

REAL ESTATE

Top Middle Tennessee commercial real estate transactions July 2014

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

TENNESSEE TITANS

Late cuts, pickups reveal Titans’ talent shortfall

What exactly does it say about the Tennessee Titans that, after they made their own cut to 53 players, they were still sifting through the scrap heap of other teams’ cuts and making five more moves?

UT SPORTS

High-flying Vols can’t overlook Arkansas State

KNOXVILLE – You had to be hiding under a rock not to hear the buzz this week about the University of Tennessee’s football team.

NEWSMAKERS

Lanquist named fellow of American Bar Foundation

Edward D. Lanquist Jr., managing shareholder at Waddey Patterson, has been selected as a fellow of the American Bar Foundation.

GUERRILLA MARKETING

Brand voice: The ultimate competitive advantage

Your brand is more than your logo. In fact, customers view brands through three distinct lenses – verbal, visual and experiential.

THE WORLDLY INVESTOR

Dollar stronger as Yen, Euro struggle

Movements between the dollar, euro, and yen profoundly impact global flows of goods and capital. Given recent language and policy shifts from the US Federal Reserve (FED), the European Central Bank (ECB) and the Bank of Japan (BOJ), let’s re-examine global currency trends.

CAREER CORNER

Outshining your boss is never a good idea

Last weekend, I had the pleasure of participating in a panel as part of the Memphis Urban League Young Professional’s 2014 Empowerment Conference. We spoke on the topic of “Stand Out in the Crowd.”

I SWEAR

Deceased witnesses breathe life into depositions

In the spring of 2002, I coded – for the first and, I hope, only time in my life. That’s my story and ... I was sticking to it, until I told it in the company of a med school cardiologist a few weeks afterward. He interrupted and said, “You died.”

KAY'S COOKING CORNER

So we have Cleopatra to thank for mozzarella?

Warm weather, cool food. We are in the heat of the summer – one of the hottest on record for our little town – so other than ice cream and watermelon, here are a few recipes to keep you and the kitchen from heating up.

COURTS

Haslam to swear in Lee as Tennessee chief justice

NASHVILLE, Tenn. (AP) — Republican Gov. Bill Haslam plans to preside over an investiture ceremony for Sharon Lee as chief justice of the Tennessee Supreme Court in Knoxville next week.

REAL ESTATE

Average US 30-year mortgage rate at 4.12 percent

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

NATIONAL BUSINESS

4 Reasons shoppers will shrug off Home Depot hack

NEW YORK (AP) — Home Depot's data breach could wind up being among the largest ever for a retailer, but that may not matter to its millions of customers.

Applications for US unemployment rise to 315K

WASHINGTON (AP) — More people sought U.S. unemployment benefits last week, though the trend in benefit applications in the past month remained low.

Low energy prices, rate worries weigh on stocks

NEW YORK (AP) — U.S. stocks edged lower as investors mulled the outlook for interest rates, the latest sanctions against Russia and volatile energy prices. Health care stocks, the year's biggest gainers, fell back. Lululemon, the high-end yoga apparel maker, surged after reporting income that beat expectations.

MasterCard loses EU court battle over fees

BRUSSELS (AP) — The European Union's highest court has thrown out an appeal by MasterCard against a decision by the bloc's antitrust authority to scrap some of its fees charged to merchants.

RadioShack says it may need more capital

NEW YORK (AP) — RadioShack says it may need more capital to help complete its turnaround efforts.


WEDNESDAY, SEPTEMBER 10
NASHVILLE AREA

Dollar General goes hostile in bid for rival

Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers.

Nashville metals recycler settles lawsuit

NASHVILLE (AP) - A metals recycling facility near downtown Nashville has settled a lawsuit filed by two environmental groups who alleged polluted storm water drainage was draining into the Cumberland River.

AUTO INDUSTRY

Ferrari president Montezemolo to leave the company

MARANELLO, Italy (AP) — After more than two decades presiding over one of the biggest and most successful teams in Formula One, Luca Di Montezemolo is stepping down as president of Ferrari.

Nevada lawmakers considering $1.3B Tesla package

RENO, Nev. (AP) — Gov. Brian Sandoval has ordered the Nevada Legislature into a special session to consider $1.3 billion in tax breaks and other incentives for electric car-maker Tesla Motors as part of "an extraordinary opportunity" to seal the deal for its $5 billion battery factory and tens of thousands of jobs he says are needed to recover from the worst economic crisis in state history.

Honda introduces self-driving car

DETROIT (AP) — Honda shared its vision of the hands-free highway commute Tuesday, a car that can safely drive itself on the freeway while the driver's hands are off the wheel.

TECHNOLOGY

Apple pushes digital wallet with Apple Pay

NEW YORK (AP) — Apple is betting that people want to pay with a tap of the phone rather than a swipe of the card.

Review: Apple Watch looks to be another winner

CUPERTINO, Calif. (AP) — As computerized wristwatches go, the upcoming Apple Watch looks impressive.

NATIONAL BUSINESS

Stocks break two-day losing streak as Apple gains

NEW YORK (AP) — Stocks are closing slightly higher as the market breaks a two-day slump.

Older Americans struggle with student debt

WASHINGTON (AP) — Rosemary Anderson could be 81 by the time she pays off her student loans. After struggling with divorce, health problems and an underwater home mortgage, the 57-year-old anticipates there could come a day when her Social Security benefits will be docked to make the payments.

Detroit bankruptcy trial on hold after major deal

DETROIT (AP) — A judge on Wednesday suspended Detroit's bankruptcy trial until next week to give lawyers time to work out the details of a settlement that would satisfy a major creditor that opposed the city's plan to get on its feet again.


TUESDAY, SEPTEMBER 9
COURTS

Same-sex marriage heading for Supreme Court vote?

WASHINGTON (AP) — Both sides in the gay marriage debate agree on one thing: It's time for the Supreme Court to settle the matter.

STATEWIDE

Haslam failed to sign 79 bills in required time

NASHVILLE (AP) - Mistakes in Republican Gov. Bill Haslam's office caused 79 bills to become law without his signature and another 67 measures to be backdated to meet constitutional deadlines.

Governor gets report on Tennessee juvenile jails

NASHVILLE (AP) - A security audit will be performed on all three of the state's youth development centers after a recent breakout and violence at the facility in Middle Tennessee, according to a preliminary report sent to the governor.

STATE LEGISLATURE

Dan Howell sworn in to District 22 seat

NASHVILLE (AP) — Dan Howell has been sworn in as the new state representative of District 22.

Appeals court reinstates Campfield defamation suit

NASHVILLE (AP) — The state Court of Appeals on Monday reinstated a defamation lawsuit against Republican state Sen. Stacey Campfield for publishing false information on his blog about a Democratic candidate for the state House in 2008.

TECHNOLOGY

Larger iPhones, new software, smartwatch, Apple Pay unveiled

CUPERTINO, Calif. (AP) — For the first time in years, Apple's iPhones weren't the star of the show. Apple unveiled a smartwatch on Tuesday, a wearable device that marks the company's first major entry in a new product category since the iPad's debut in 2010.

AUTO INDUSTRY

Letting your car find a spot and park itself

DETROIT (AP) — With a thumb swipe on a smartphone, your car one day will be able to drive into a parking deck, find an open spot and back into a space — all by itself.

NATIONAL BUSINESS

US recovery drives the dollar sharply higher

NEW YORK (AP) — In the world of currencies, the dollar is starting to look like a safe home in a tough neighborhood.

US job openings stay near 13-year high; hiring up

WASHINGTON (AP) — The number of U.S. job openings remained near the highest level in 13 years in July, and companies also stepped up hiring that month to the fastest pace in nearly seven years, two signs the job market is slowly healing.

College savings on the rise as plans average $20K

WASHINGTON (AP) — The good news is that Americans are saving more than ever for college. The bad news is that the average amount wouldn't come close to getting a person a degree.

Stocks fall for second day; Apple slips

NEW YORK (AP) — Stocks fell for a second straight day Tuesday as investors were left unimpressed by Apple's latest batch of product announcements.

Home Depot confirms breach in US, Canada stores

NEW YORK (AP) — Home Depot confirmed on Monday that its payment systems have been hacked in a data breach that could affect millions of shoppers who used credit and debit cards at its more than 2,000 U.S. and Canadian stores.

NY judge sentences ex-trader to 9 years in prison

NEW YORK (AP) — An Ivy League-educated ex-portfolio manager convicted of enabling his firm to earn more than a quarter-billion dollars through insider trading on a promising Alzheimer's drug trial was sentenced Monday to nine years in prison by a judge who said the "staggering" fraud deserved lengthy incarceration.


MONDAY, SEPTEMBER 8
TENNESSEE TITANS

Titans' Whisenhunt praises team after opening win

KANSAS CITY, Mo. (AP) — As the final seconds ticked away on the big scoreboards at Arrowhead Stadium, and only a few hundred fans were left in the seats, Titans coach Ken Whisenhunt allowed himself to smile.

STATEWIDE

Candidates makes pitches for state attorney general post

NASHVILLE (AP) - Tennessee Supreme Court justices on Monday heard candidates make their case for the next eight-year term as state attorney general.

4 National Guard members receive heroism medal

NASHVILLE (AP) — Four Tennessee National Guard soldiers have been given the Soldier's Medal for acts of heroism, three of them stemming from a shooting at the Millington Armory last year.

TECHNOLOGY

Will Apple finally reveal its next big thing?

SAN FRANCISCO (AP) — Apple is poised to reveal its next big thing in a crucial attempt to prove its technological tastemakers still have the power to mesmerize the masses.

Twitter tests shopping service with 'Buy' button

NEW YORK (AP) — Twitter is taking its users shopping.

Microsoft revamps MSN to flow across devices

NEW YORK (AP) — Microsoft is giving its MSN news service a crisper look, new lifestyle tools and seamless syncing across devices.

NATIONAL BUSINESS

Stocks fall as oil price slump hits energy sector

NEW YORK (AP) — A retreat in oil and energy stocks pulled the rest of the U.S. stock market mostly lower Monday.

Treasury to limit profitability of overseas shifts

WASHINGTON (AP) — Treasury Secretary Jacob Lew said Monday the Obama administration will decide "in the very near future" what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries.

US job market's lingering weak spot: Stagnant pay

WASHINGTON (AP) — The U.S. job market has steadily improved by pretty much every gauge except the one Americans probably care about most: Pay.

About that raise... US execs feeling tight-fisted

WASHINGTON (AP) — The corporate executives who decide whether U.S. workers get meaningful raises have a message: Don't expect one anytime soon.

US gas prices fall, extending summer decline

CAMARILLO, Calif. (AP) — A national survey says the average price of a gallon of regular gasoline has dropped 2 cents over the last two weeks, to $3.46, bringing the decline to 25 cents over the last 11 weeks.

Chick-fil-A founder S. Truett Cathy has died

ATLANTA (AP) — Chick-fil-A founder S. Truett Cathy died early Monday at 93. The billionaire rose from poverty by building a privately held restaurant chain that famously closes every Sunday but drew unwanted attention for the Cathy family's opposition to gay marriage.

Electrolux to buy GE Appliances in $3.3B deal

STOCKHOLM (AP) — Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies said Monday.


FRIDAY, SEPTEMBER 5
NATIONAL BUSINESS

US employers add 142K jobs, fewest in 8 months

WASHINGTON (AP) — U.S. employers added the fewest jobs in eight months in August, snapping a streak of robust gains and surprising analysts because recent reports had suggested that the economy was steadily improving.

S&P 500 hits record on dividend stocks, Ukraine

NEW YORK (AP) — A surge in dividend-rich utility stocks helped push the Standard & Poor's 500 index close to a record Friday.

Family Dollar bucks Dollar General bid again

CHESAPEAKE, Va. (AP) — Family Dollar is rejecting Dollar General's latest acquisition offer, and Dollar Tree says it will now divest as many stores as needed to get antitrust clearance for its deal to buy Family Dollar.

Solid economic data lift hopes for Aug. job report

WASHINGTON (AP) — After a week of mostly positive economic news, analysts have forecast that the August jobs report being released Friday will show a seventh straight month of solid gains.

Apple to tighten online security after recent hack

NEW YORK (AP) — Apple plans to tighten its online security measures to reduce the chances of its users being victimized by intrusions like the ones that stole nude photos from actress Jennifer Lawrence and other celebrities.

Gulf of Mexico residents hail ruling against BP

NEW ORLEANS (AP) — Environmentalists, recreational fishermen and people who make their living on the Gulf of Mexico are hailing a federal judge's ruling that could mean $18 billion in additional fines for BP over the nation's worst offshore oil spill.

ECB action alone can't lift gloom over Europe

LONDON (AP) — Europe has gotten another dose of stimulus. But the latest medicine by itself will not bring life to an economy that over the past six years has slid from crisis to crisis.

STATEWIDE

DOE to investigate possible security breach

OAK RIDGE, Tenn. (AP) — The Department of Energy says it plans a probe into a possible security breach at the Y-12 nuclear plant in Oak Ridge.

Southern Express Airways expands regional service

OILVE BRANCH, Miss. (AP) — Southern Airways Express is expanding regional passenger service from Memphis, Tennessee.

Labor Day traffic fatalities drop from last year

NASHVILLE (AP) — Preliminary statistics show a decrease in the number of Labor Day holiday traffic fatalities in Tennessee this year compared with 2013.

Museum seeking images of Tennessee communities

NASHVILLE (AP) — The Tennessee State Museum wants photographs of communities across the state and is asking Tennessee residents to submit pictures to be placed on display next month.

TECHNOLOGY

Motorola emphasizes design in circular smartwatch

NEW YORK (AP) — Motorola rolled out a circular smartwatch Friday, counting on a more traditional design to win over consumers who have so far shunned other computerized wrist devices.

NATIONAL BUSINESS

FDA OKs Merck drug, 1st in new cancer drug class

WHITEHOUSE STATION, N.J. (AP) — U.S. regulators have approved the first drug in a new class of cancer medicines that work by stimulating the immune system, a Merck drug developed for treating deadly skin cancer.

Democrats borrow a GOP idea on health care costs

WASHINGTON (AP) — Borrowing a Republican idea, a group including former senior Obama and Clinton advisers is unveiling a novel proposal to let states take the lead in controlling health costs.

Stocks flat as oil drop offsets ECB stimulus

NEW YORK (AP) — A slump in oil prices weighed on the stock market Thursday, pushing the Standard & Poor's 500 index to its third straight loss.

AUTO INDUSTRY

Toyota: Cars will be safer, but still need drivers

YPSILANTI, Mich. (AP) — Your car soon will do more to help avoid a crash. As for one day leaving all the driving to the vehicle while you relax in back, don't get your hopes up.

MUSIC INDUSTRY

Waylon Jennings' collection going up for auction

NASHVILLE (AP) — A collection of outlaw country singer Waylon Jennings' belongings will go on public auction this fall, including a rare 1958 motorcycle originally owned by Buddy Holly and locks of Willie Nelson's braided hair.

TECHNOLOGY

Season's new phones are all about selfie image

BERLIN (AP) — Visit any tourist destination, and you're bound to see individuals and groups taking photos of themselves for sharing on social media. It's a declaration to the world that they were there.

NASHVILLE AREA

Another teen from juvenile jail breakout is found

NASHVILLE (AP) — Police say they've captured one of the six teens that were still on the run after a mass breakout from a troubled Nashville detention center.

US budget deficit dips to $128.7 billion in August

WASHINGTON (AP) — The federal government ran a lower budget deficit this August than a year ago, remaining on track to record the lowest deficit for the entire year since 2008.

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