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VOL. 36 | NO. 42 | Friday, October 19, 2012

The boys of summer

Midstate stars celebrate a season for the ages

Something wonderful happened for Nashville sports fans this summer. While the city’s country music stars belted out their smash songs on various downtown stages at the four-day CMA Music Festival, some of Nashville’s most gifted athletes produced an incredible array of hits all summer long on glittering stages across the globe.

What Middle Tennessee's stars accomplished

Eleven individuals and one team combined to make this a dream summer for area sports fans. Here's what they accomplished:

Another golden summer when Temple's Tigerbelles dominated Olympics

Has Nashville ever experienced such a short span of high-level sports achievement as the 2012 boys of summer?

Saving face while saving lives at Saint Thomas

By Oct. 1 when people in Nashville were first getting wind about the meningitis outbreak that has to date infected 63 people and killed eight across the state, local and national health officials had already been hard at work since Sept. 18 trying to identify what patients were sick with and how it happened.

Local Weather
Today
Nashville, TN
32°F
Mostly Cloudy
Wind: 9 mph
Humidity: 61%

EVENTS

Free Legal Seminars at People’s Law School. Today's class covers “Consumer Bankruptcy -- Liquidating or Restructuring Debt: Learn the basics and different types of consumer bankruptcy, who is eligible, what can and cannot be accomplished through bankruptcy and tips on choosing a bankruptcy lawyer.” Individuals can register for one or several classes through Nov. 15 on a variety of topics, including:

more events »

REAL ESTATE

Home sales stay hot in third quarter

Home sales are supposed to be weak during a presidential election year, but Nashville-area home buyers apparently haven’t heard that bit of conventional wisdom. The market is stronger than it’s been in years.

Real estate trends for third quarter 2012

August 2012 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Top residential real estate transactions for September 2012

September 2012 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

REALTY CHECK

What’s worth more, the house or the land?

Happy days are here again for developers, renovators and, as a result, sellers in various areas around town, including 12South, Hillsboro Village, Hillsboro West End, Green Hills, Belle Meade Highlands, Forest Hills, Oak Hill, Sylvan Park, East Nashville and a few other pockets. Owners there can now sell their houses for more than they are worth.

TERRY McCORMICK

Hentrich helps keep 'best punter in the league’ grounded

The one element of the Tennessee Titans season that has been dependable thus far this season has been special teams.

NEWSMAKERS

Regions Insurance Group purchases Story Capital

Regions Bank has purchased Story Capital Group, LLC, and hired James Story as employee benefits consultant. In his new role, Story will lead business development efforts, maintain client relationships and consult with bank customers regarding employee benefits including health, life and disability insurance.

GUERRILLA MARKETING

The more you tell, the less you sell

“Seek first to understand, then to be understood.” This principle from author Stephen Covey’s Seven Habits of Highly Effective People has the power to solve an industry-wide sales challenge – under-developed listening skills.

THE WORLDLY INVESTOR

Treasury bond bull market slowing

Oct. 9 marked the five-year anniversary of the record closing high of the S&P 500. With the S&P 500 getting within 3 percent of that closing high last week on a total return basis, many investors wonder if this current equity bull market has any legs left.

SMART STUFF 4 WORK

Establishing orderly chaos

Have you ever accidentally, or perhaps purposely, kicked the top off an anthill? If you have, you have some idea of what it would look like if you could visit New York City and somehow magically lift Madison Square Garden and observe what’s going on below it.

I SWEAR

Can an acabu be a profundicator?

When I first read James H. Boren’s 1972 classic, When in Doubt, Mumble, I thought it was the funniest thing I’d ever read. Forty years later, having read hundreds, maybe dozens, of books purporting to be (a) humorous and (b) about law, business, government, or politics, I still believe Boren’s work is the cream of the crop.

MUSIC INDUSTRY

Aldean heads American Country Awards lineup

NASHVILLE (AP) - Jason Aldean leads the list of top country music stars set to perform on the American Country Awards.

MIDSTATE

Fired workers file federal harassment suit

MURFREESBORO (AP) - Two fired Rutherford County property assessor employees have filed a federal lawsuit against their former boss claiming sex discrimination and sexual harassment.

STATEWIDE

Forrester won't run again to head Tenn. Democrats

NASHVILLE (AP) - Embattled Tennessee Democratic Party Chairman Chip Forrester has decided not to seek a third term in charge of the state party.

UT researchers honored for developing products

KNOXVILLE (AP) — Two University of Tennessee researchers are being honored for their work in turning ideas into products and businesses.

NATIONAL BUSINESS

New York Times 3Q net income drops 85 percent

NEW YORK (AP) — The New York Times Co. reported a sharp decline in its third-quarter net income on Thursday and said revenue fell below analysts' expectations amid weakness in print and digital advertising.

Sales contracts to buy US homes rose last month

WASHINGTON (AP) — The number of Americans who signed contracts to buy homes rose only slightly, suggesting sales may level off in the coming months after solid gains in the past year.

US durable goods orders up 9.9 percent

WASHINGTON (AP) — U.S. companies remained cautious in September and held back on orders for long-lasting manufactured goods that signal investment plans. Weak business investment has contributed to slower economic growth.

Weekly US jobless aid applications fall to 369K

WASHINGTON (AP) — Weekly applications for U.S. unemployment aid fell last week to a seasonally adjusted 369,000, a level consistent with modest hiring.

Stocks fade, extending a weeklong slump

NEW YORK (AP) — A weak showing in home sales and more disappointing earnings reports are sending stocks lower on Wall Street, extending a weeklong slide.

Oil little changed as early gains evaporate

NEW YORK (AP) — The price of oil is up slightly after earlier gains of more than 1 percent evaporated.

Pearson in talks over Penguin-Random House merger

LONDON (AP) — British publishing and education company Pearson PLC says it is in talks with German media group Bertelsmann SE over merging the firms' Penguin and Random House publishing operations.

Microsoft CEO hails imminent release of Windows 8

NEW YORK (AP) — Microsoft CEO Steve Ballmer is celebrating the imminent release of the company's Windows operating system after two years of work.


WEDNESDAY, OCTOBER 24
MIDSTATE

Dunn latest to keep distance from DesJarlais

NASHVILLE (AP) - Add former Gov. Winfield Dunn to the list of prominent Tennessee Republicans maintaining a careful distance from embattled U.S. Rep. Scott DesJarlais following revelations the congressman once urged a woman he had an affair with to seek an abortion.

MUSIC INDUSTRY

Christian sister trio Barlowgirl calling it quits

NASHVILLE (AP) — Christian sister trio Barlowgirl is retiring after nearly a decade of chart-topping success.

AUTO INDUSTRY

Bailout, layoffs: New pain ahead for EU carmakers

PARIS (AP) — The extent of the European car industry's troubles was laid bare Wednesday, when France's government tossed a financial lifeline to the continent's No. 2 automaker, Peugeot Citroen, and Ford said it would shut a plant in Belgium, cutting 9,500 jobs.

Volkswagen mulls new midsize SUV for North America

NASHVILLE (AP) - German automaker Volkswagen AG is considering the introduction of a new midsize SUV for the North American market, and its existing Tennessee plant is a contender for building it.

Gov't to examine technology for automated cars

WASHINGTON (AP) — Cars that drive themselves may hold the potential to save thousands of lives, an Obama administration safety official said Tuesday, as the government prepares to launch a research initiative to determine the safety and reliability of automated driving technologies.

STATEWIDE

Food banks see shortage as stimulus drops off

NASHVILLE (AP) - Food banks are hurting as a federal economic stimulus program that helped provide surplus food is coming to an end.

NATIONAL BUSINESS

US suit alleges 'brazen' fraud at Countrywide

NEW YORK (AP) — The latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults.

US new-home sales rise to highest in 2½ years

WASHINGTON (AP) — U.S. sales of new homes jumped last month to the highest level in more than two years, further evidence of a sustained housing recovery that could help lift the lackluster economy.

Fed cites moderate US growth, takes no new action

WASHINGTON (AP) — Two weeks before a U.S. election focused on the economy, the Federal Reserve said Wednesday that its help is still needed to increase growth and lower unemployment.

Stocks stabilize on Wall Street after a sell-off

NEW YORK (AP) — The steep losses finally stopped Wednesday as the stock market turned calm, a day after one of its biggest sell-offs of the year. Indexes ended with slight losses after the Federal Reserve said the U.S. economy still needs support.

Oil drops for 4th day on big rise in US supplies

NEW YORK (AP) — The price of oil fell Wednesday after the U.S. reported an unexpectedly large increase in crude supplies.

Gas gets cheaper, but still isn't cheap

NEW YORK (AP) — Gasoline across the U.S. is cheaper after a week of rapid price declines. But it still isn't cheap.

US Airways posts record 3Q profit

DALLAS (AP) — US Airways says it earned $245 million in the third quarter, its best profit ever for the 3-month period that covers much of the peak summer vacation season.

Delta 3Q profit surges on fuel contract gains

NEW YORK (AP) — Delta Air Lines Inc. says its third-quarter profit nearly doubled mostly due to the increasing value of its fuel contracts.

AT&T sees fewer new customers in 3Q

NEW YORK (AP) — The flow of customers into AT&T's wireless stores slowed further in the latest quarter, putting the company far behind rival Verizon Wireless.


TUESDAY, OCTOBER 23
MIDSTATE

Pharmacist surrenders license as case count rises

NASHVILLE (AP) - The pharmacist who co-founded a Massachusetts specialty pharmacy linked to a meningitis outbreak has voluntarily surrendered his license in Tennessee as state health officials report an increase in people sickened.

STATEWIDE

Haslam optimistic about state's credit rating

NASHVILLE (AP) - Gov. Bill Haslam said meetings with three credit agencies this week went well and he is optimistic about the outcomes.

Election registry takes no action against Burchett

NASHVILLE (AP) - The Tennessee Registry of Election Finance has decided not to penalize Knox County Mayor Tim Burchett for discrepancies in his campaign filings.

Some church child care programs must get licenses

NASHVILLE (AP) — State officials say church-sponsored child-care programs such as parents' day out, must either obtain licenses or limit their programs to no more than two days a week.

Tech experts to attend Tennessee cyber security summit

KNOXVILLE (AP) — Technology experts in government, private business and academia will be gathering in Knoxville this week for the eighth annual East Tennessee Cyber Security Summit.

NATIONAL BUSINESS

Stocks sink as DuPont, Xerox, 3M scare investors

NEW YORK (AP) — Nobody was expecting this round of corporate earnings reports to be great. But companies' underwhelming results are still rattling investors.

US may soon become world's top oil producer

NEW YORK (AP) — U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer.

Facebook posts 3Q loss, revenue jumps

NEW YORK (AP) — Facebook is reporting a loss for its third quarter, though revenue rose by nearly a third. The results exceeded Wall Street's expectations.

Oil price drops near $86; pump prices down again

NEW YORK (AP) — The price of oil fell to a three-month low as big corporations cut earnings forecasts, raising concerns about economic growth and oil demand.

Apple reveals iPad Mini for $329 and up

SAN JOSE, Calif. (AP) — Apple Inc. is refusing to compete on price with its rivals in the tablet market — it's pricing its new, smaller iPad well above the competition.


MONDAY, OCTOBER 22
MUSIC INDUSTRY

Swift glady bears tabloid glare for success

NASHVILLE (AP) - On Taylor Swift's new album, "Red," there's a song where the 22-year-old superstar sings about a fictional one: a famous singer who spends years under the glare of the spotlight, then ditches her uncomfortable fame for a life of solitude.

Emotional Brooks goes into Country Hall of Fame

NASHVILLE (AP) — Garth Brooks promised he'd be emotional during his Country Music Hall of Fame induction. But the tears started before he made it all the way into the building.

STATEWIDE

Federal program offers foreclosure help

NASHVILLE (AP) — The federal Making Home Affordable Program will be offering free help for homeowners who are at risk of foreclosure.

Audit finds poor tracking of Tenn. sex offenders

NASHVILLE (AP) — A recent audit of Tennessee's parole and probation system found officers failed to properly supervise sex offenders, sometimes allowing them access to children.

NATIONAL BUSINESS

Stocks recoup losses in late rally on Wall Street

NEW YORK (AP) — The stock market is waiting for the presidential election as much as anyone.

Oil falls below $89; pump prices continue to drop

Oil hit a three-week low as a major North American pipeline got set to reopen.

Caterpillar cuts 2012 guidance on weak economy

MINNEAPOLIS (AP) — Caterpillar says the global economy is weaker than previously thought, and it's cutting its profit and revenue guidance for 2012.

Why Greg Smith left Goldman Sachs

Greg Smith wrote the essay that echoed across Wall Street like a thunderclap.

National Geographic to auction famous photos, art

NEW YORK (AP) — National Geographic Society has chronicled scientific expeditions, explorations, archaeology, wildlife and world cultures for more than 100 years, amassing a collection of 11.5 million photos and original illustrations.

NATIONAL POLITICS

Psst, taxes go up in 2013 for 163 million workers

WASHINGTON (AP) — President Barack Obama isn't talking about it and neither is Mitt Romney. But come January, 163 million workers can expect to feel the pinch of a big tax increase regardless of who wins the election.


FRIDAY, OCTOBER 19
STATEWIDE

Lawsuit: Aspen Dental clinics operating illegally

ALBANY, N.Y. (AP) — Aspen Dental Management and the private equity firm that controls it illegally operate dental clinics across the country and engage in aggressive, misleading profit-driven practices that cause patients economic harm, claims a federal lawsuit filed Thursday in New York.

September unemployment drops to 8.3 percent

NASHVILLE (AP) — Tennessee's unemployment rate decreased slightly in September.

Appeals Court hears arguments on voter ID law

NASHVILLE (AP) - Attorneys for two Memphis voters told a panel of the state Appeals Court they should strike down a new law requiring voters to show photo identification at the polls because it disenfranchises voters.

NASHVILLE AREA

APNewsBreak: Tenn.'s meningitis has likely peaked

NASHVILLE (AP) — Tennessee's chief medical officer says the rate of new infections from a deadly fungal meningitis outbreak appears to be declining in the state where it was first discovered.

Tennessee sees 2 new meningitis cases

NASHVILLE (AP) - The number of Tennessee cases of people sickened by a rare fungal meningitis linked to contaminated steroid injections is now 63.

MIDSTATE

National Dems jump into DesJarlais race

NASHVILLE (AP) — National Democratic groups have begun to target a Tennessee race rocked by revelations that the Republican incumbent, a doctor, once discussed abortion with a patient who was his mistress.

US Ag Secretary Tom Vilsack to visit Clarksville

NASHVILLE (AP) — U.S. Agriculture Secretary Tom Vilsack will be in Tennessee on Friday.

NATIONAL BUSINESS

US home sales dip 1.7 percent on tight inventory

WASHINGTON (AP) — U.S. sales of previously occupied homes fell in September after hitting a two-year high in August, in part because there were fewer homes available for sale.

Gun industry thrives during Obama's term in office

WASHINGTON (AP) — President Barack Obama has presided over a heyday for the gun industry despite predictions by the National Rifle Association four years ago that he would be the "most anti-gun president in American history."

Dow down 205 as weak earnings drag market lower

NEW YORK (AP) — Poor corporate earnings reports pounded the stock market Friday in a sour end to an otherwise strong week of trading. The Dow Jones industrial average fell more than 200 points for its worst day in four months.

Oil prices fall as pipeline supply concerns ease

The price of oil is falling after TransCanada reaffirmed its plans to restart a pipeline this weekend that carries crude from Canada to the Midwest.

GE earnings rise 49 pct in 3Q; revenue up 3 pct.

NEW YORK (AP) — General Electric Co.'s net income rose 49 percent in the third quarter to $3.49 billion as its recovery from the 2008 financial crisis continues.

Stronger dollar hurts McDonald's 3Q results

OAK BROOK, Ill. (AP) — McDonald's says third-quarter net income fell nearly 4 percent as the stronger dollar hurt international results and the chain faced tough competition in the U.S.

Gasoline prices finally begin to slide

NEW YORK (AP) — Gasoline prices have finally begun their seasonal slide.

US rate on 30-year fixed mortgage near record low

WASHINGTON (AP) — The average U.S. rate on a 30-year fixed mortgage has fallen to near its record low set earlier this month.

Unemployment rates fall in 7 US swing states

WASHINGTON (AP) — Unemployment rates fell or held steady last month in nine key swing states at the center of this year's presidential election.

AUTO INDUSTRY

Nissan to add shift, 800 jobs at Tennessee plant

NASHVILLE (AP) — Japanese automaker Nissan Motor Co. announced Friday it will add a third shift at a vehicle assembly plant in Tennessee, adding more than 800 jobs.

Feds investigate Jeep Patriot stalling problem

DETROIT (AP) — Federal safety regulators are investigating complaints that Jeep Patriot SUV engines can stall without warning at highway speeds.

Chattanooga VW wants higher emission clearance

CHATTANOOGA (AP) — Volkswagen officials underestimated emissions from the paint shop at the company's auto assembly plant in Chattanooga.

GM to hire 3,000 workers from Hewlett-Packard

DETROIT (AP) — General Motors will hire 3,000 workers from Hewlett-Packard, part of a push to bring most of its computer technology in-house.

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