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VOL. 38 | NO. 28 | Friday, July 11, 2014

Device tattles on teen drivers

Life-saving innovation yet another Nashville tech success story

As Nashville’s robust technology sector continues to grow, more and more homegrown tech talent is opting to stay home.

Tennessee teens give splitsecnd tool a test drive

When Cyber Physical Systems was ready to launch splitsecnd, its driver-safety product, the Nashville-based company wanted to do so in its own backyard.

Teen driving fact sheet

Traffic accidents are the No. 1 cause of teenage deaths in the United States.

Madison Mill relocation cheers Cheatham

When Nashville-based Madison Mill Inc. announced plans to move its millwork, building material, and lawn and garden business from Charlotte Avenue to Ashland City by the end of 2015, it was the result of aggressive efforts by a coalition of local leaders to bring new business and investments, increased jobs and a more enriched quality of life to the Cheatham County area.

Local Weather
Today
Nashville, TN
25°F
Mostly Cloudy
Wind: 0 mph
Humidity: 82%

EVENTS

Spark Series. Nashville Area Chamber of Commerce is kicking off its new Spark Series, offering professional development workshops in partnership with c3/consulting. For teams or individuals, these full- and half-day workshops help organizations increase productivity, improve collaboration, enhance leadership skills and learn techniques for strategic planning. This workshop topic is “The Seven Separators of Facilitation Excellence,” and is scheduled for 8:30 a.m.-5 p.m. at C3 Consulting, LLC, 2975 Sidco Drive, Nashville. $400 per person for Chamber members, $550 per person for future members. Information: www.nashvillechamber.com, 743-3067. Additional sessions include:

more events »

STREET LEVEL

Staring down the wrecking ball on Music Row

The lovely (in spirit and appearance) – young woman crosses her legs when she sits on an upholstered bench at Ben Folds’ Steinway and looks around the 75-by-45-foot room with the uncertain future.

REALTY CHECK

Zillow lovers grouse without knowing the facts

Here’s what some people like to do. They walk into open houses on any given Sunday and quickly proclaim that they are not buyers, merely nosey neighbors, and begin to cite four to 438 reasons why the price of the open house is too high and that the house will eventually sell for 25% off of the list price – or maybe even less.

NEWSMAKERS

Dickinson Wright hires for Music Row office

Attorneys Derek Crownover, Austen Adams and Cam Caldwell have joined Dickinson Wright PLLC in Nashville to launch the firm’s office on Music Row and lead its expanded Entertainment Law Practice Group.

GUERRILLA MARKETING

Email marketing requires attention

Email marketing has advanced significantly over the past decade, with the potential to be one of the strongest performers of all weapons in your marketing arsenal due to its unique ability for highly personalized content and comprehensive tracking delivered straight to the consumers’ inbox.

I SWEAR

Toddler decides to be on first name basis with relative

A recent weekend found Uncle Vic traversing the road between Little Rock and the South Mississippi hometown of great-nephew R.P. The subject of an I Swear column in January of last year, R.P. will soon be 18 months old.

CAREER CORNER

Too much parental help can hurt college grads

Parents of newly minted graduates have all heard about it: The “Boomerang Generation.” According to Pew Research Center, it’s estimated that some 45 percent of college graduates between the ages of 18 and 24 are living at home with family. If you are a parent, you may be wondering what you can do to give your children the gift of independence.

KAY'S COOKING CORNER

Peach Capital of the World isn't in Georgia

“A rose is a rose,” but when is a rose not a rose? When it is a peach. If you do not already know, peaches are from the Rose family (Prunus), and are classified as a “stone fruit” or “drupe.”

BUSINESS BOOK REVIEW

Birth of an icon: Essence magazine overcomes

It’s never been done before.

STATEWIDE

Tourism department presents new Tennessee logo

NASHVILLE (AP) — Tennessee's tourism agency has a new logo and ad campaign aimed to spark travelers' interest in a vacation that can only be made in Tennessee.

Senate candidate Carr gives loan to prominent supporter

NASHVILLE (AP) - The campaign of Republican U.S. Senate candidate Joe Carr has loaned $200,000 to the company of a prominent supporter in an unusual arrangement that has drawn the attention of the Federal Election Commission.

NASHVILLE AREA

Program on climate change set at Adventure Science Center

NASHVILLE (AP) — The Adventure Science Center in Nashville is offering a program on climate change Thursday night in a casual setting with a scientist from Austin Peay State University.

AUTO INDUSTRY

After hybrid success, Toyota gambles on fuel cell

TOKYO (AP) — Rocket science long dismissed as too impractical and expensive for everyday cars is getting a push into the mainstream by Toyota, the world's top-selling automaker.

Senators call on GM CEO to fire top lawyer

WASHINGTON (AP) — Lawmakers on Thursday demanded General Motors fire its chief lawyer and open its compensation plan to more potential victims as a Senate subcommittee delved deeper into GM's mishandling of the recall of small cars with defective ignition switches.

GM supports bill banning rentals of recalled cars

WASHINGTON (AP) — General Motors Co. is the first big automaker to support legislation barring rental-car companies from renting or selling vehicles subject to a recall.

Chrysler: Recall can be done faster than expected

DETROIT (AP) — Chrysler can fix recalled Jeep SUVs far faster than U.S. safety regulators have predicted, the automaker told the government Wednesday.

REAL ESTATE

Average US mortgage rates dip slightly

WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows.

US home construction drops 9.3 percent in June

WASHINGTON (AP) — U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year.

TECHNOLOGY

Microsoft cutting 18,000 jobs, signals new path

LOS ANGELES (AP) — Microsoft announced the biggest layoffs in its history Thursday, saying it will cut 18,000 jobs or 14 percent of its workforce as it streamlines its Nokia mobile device business to focus on using the Windows Phone operating system.

NATIONAL BUSINESS

US unemployment aid applications drop to 302,000

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.

Stocks decline in afternoon trading; Mattel down

U.S. financial markets veered lower in afternoon trading Thursday, giving back gains from a day earlier. Economic data were mixed and company earnings reports were mostly disappointing. Investors also monitored developments in Ukraine following reports that a passenger plane was shot down over the eastern part of the country.

Oil surges to near $103 as US stockpiles fall

The price of oil surged to near $103 a barrel Thursday after a U.S. inventories report showed a larger-than-expected drop in crude oil supplies.

Morgan Stanley says 2Q profits more than double

NEW YORK (AP) — Morgan Stanley says its quarterly profit more than doubled, thanks to strong results from its investment banking and money-management units. The news drove up the investment bank's stock in early trading.

Largest US insurer's move signals industry shift

The nation's largest health insurer expects to play a much bigger role in the health care overhaul next year, as the federal law shifts from raising giant questions for the sector to offering growth opportunities.

NATIONAL POLITICS

Obama hits road for transportation funding push

WASHINGTON (AP) — With federal transportation funding about to run dry, President Barack Obama is taking new steps to boost the flow of private dollars into public works projects.

White House faces broad resistance on border bill

WASHINGTON (AP) — The White House is meeting growing resistance from both the left and the right as it pushes a multibillion-dollar emergency spending bill for the border, raising questions about chances for any action in Congress to address the crisis of tens of thousands of unaccompanied children crossing into South Texas.


WEDNESDAY, JULY 16
STATEWIDE

Tennessee has record year for lottery sales

NASHVILLE (AP) — The Tennessee Education Lottery Corp. has had a record year with $1.4 billion in sales for fiscal year 2014.

REGION

TVA ranked 9th in nation for green power sales

KNOXVILLE (AP) — The Tennessee Valley Authority is one of the top 10 utilities for green power sales.

AUTO INDUSTRY

VW passes GM in global auto sales race

DETROIT (AP) — Volkswagen bumped General Motors out of second place in the global auto sales race during the first half of the year, but Toyota is expected to stay in first place.

Tennessee leaders downplay union debate at VW plant

CHATTANOOGA (AP) — Tennessee leaders downplayed the often public wrangling over organized labor's role at Volkswagen's Chattanooga factory on Tuesday, focusing on the company's recent announcement that it would add a new line there to produce a seven-passenger SUV.

Daimler launches new version of tiny Smart car

FRANKFURT, Germany (AP) — Germany's Daimler AG is unveiling a new version of its tiny, two-seat Smart model in hopes the car won't just grab attention with its unusual design — but make a bigger contribution to the company's profits as well.

BMW recalls 1.6M 3-Series cars for air bag problem

DETROIT (AP) — BMW is expanding a recall of its most popular models to fix a growing air bag problem that is hitting much of the auto industry.

TECHNOLOGY

Apple may pay $400M in digital book settlement

NEW YORK (AP) — Apple will pay up to $400 million to compensate consumers ensnared in a plot to raise the prices of digital books unless the company overturns a court decision attesting to its pivotal role in the collusion.

Bill ensures emails, photos won't die with you

WASHINGTON (AP) — When you die, should your loved ones have access to your Facebook, Yahoo and other online accounts?

REAL ESTATE

Dog suite? Amenities for pets a rising trend for homebuilders

LOS ANGELES (AP) — These homes are set apart by their amenities — for dogs.

Study: US millennials buying homes later

WASHINGTON (AP) — Don't blame the millennial generation for lackluster home sales.

US homebuilder confidence surges in July

U.S. homebuilders are feeling more confident in their sales prospects for the second half of the year, reflecting improved demand and stronger sales of new homes in recent months.

NATIONAL BUSINESS

US stocks close higher; Time Warner soars

NEW YORK (AP) — Stocks are closing higher following strong earnings results and deal news from big U.S. companies.

Oil price rises on inventory draw, China growth

Oil prices rose Wednesday on a large drain in U.S. oil inventories and a slight improvement in economic growth in China.

Latest Fed survey sees improved economy

WASHINGTON (AP) — The economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending, a Federal Reserve survey released Wednesday indicates.

Yellen rejects move to set up formula for Fed

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says it would be a serious mistake for Congress to require the nation's central bank to adopt a formal policy rule to guide its decisions on setting interest rates.

US factory output rises for 5th straight month

WASHINGTON (AP) — U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture.

Higher gasoline costs raise US producer prices

WASHINGTON (AP) — Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame.

New guidelines could help many pregnant workers

WASHINGTON (AP) — New federal guidelines on job discrimination against pregnant workers could have a big impact on the workplace and in the courtroom.

Rejected Fox bid for Time Warner shows growth mood

NEW YORK (AP) — In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.

Bank of America takes $4 billion litigation hit

NEW YORK (AP) — Bank of America said Wednesday that its second-quarter earnings were hit by higher litigation expenses.

NATIONAL POLITICS

Obama to meet with local leaders on climate change

WASHINGTON (AP) — President Barack Obama wants local government officials to prepare their communities now for the effects of climate change.

Republicans, Democrats embrace budget gimmick

WASHINGTON (AP) — If there's anything that can unite Democrats and Republicans in the partisan swamp of Capitol Hill, it's free money.


TUESDAY, JULY 15
STATEWIDE

Road projects could face cuts in August

FRANKLIN (AP) - Tennessee has funding for 13 road-widening projects totaling more than $200 million waiting on whether Congress refreshes the federal Highway Trust Fund in August.

Haslam-owned truck-stop chain won't be charged

NASHVILLE (AP) - The truck-stop company owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam may have put the worst behind it after federal attorneys agreed not to prosecute Pilot Flying J for cheating customers.

NATIONAL BUSINESS

US stocks mostly down as investors digest earnings

The Federal Reserve's latest take on the U.S. economy put many investors into sell mode Tuesday, sending stocks mostly lower after a brief upward turn early in the day.

Oil falls below $100 for first time since May

The price of oil fell below $100 a barrel for the first time since May even as the deteriorating security situation in Libya has raised questions about whether the country can soon increase crude exports.

US retail sales tick up just 0.2 percent in June

WASHINGTON (AP) — U.S. retail sales increased slightly in June, evidence that consumers remain cautious despite steady job gains this year.

Yellen says economy still needs Fed support

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.

US businesses rebuild stockpiles at steady pace

WASHINGTON (AP) — U.S. companies restocked their store shelves and warehouses at a steady pace in May, a sign they expect sales will remain solid in the months ahead.

Hewlett-Packard Interim Chairman Whitworth resigns

PALO ALTO, Calif. (AP) — Hewlett-Packard's interim chairman, Ralph Whitworth, has resigned from the company's board to concentrate on personal health issues.

Tobacco firm Reynolds American to buy Lorillard

RICHMOND, Va. (AP) — Cigarette maker Reynolds American Inc. is planning to buy rival Lorillard Inc. for about $25 billion in a deal to combine two of the nation's oldest and biggest tobacco companies.

NATIONAL POLITICS

House GOP slashes IRS tax enforcement budget

WASHINGTON (AP) — The GOP-controlled House has slashed the budget for the Internal Revenue Service's tax enforcement division by $1.2 billion, a 25 percent cut that would mean fewer audits of taxpayers and make it more likely that people who cheat on their taxes will get away with it.


MONDAY, JULY 14
STATEWIDE

Haslam-owned truck-stop chain to pay $92M fine

NASHVILLE (AP) - Authorities say the truck-stop company owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam has agreed to pay $92 million in fines for cheating customers out of promised rebates and discounts.

NASHVILLE AREA

Gore, Kennedy clan at Seigenthaler funeral

NASHVILLE (AP) - Former Vice President Al Gore and members of the Kennedy family joined hundreds of other mourners Monday for the funeral of renowned journalist and press freedom champion John Seigenthaler, whose career spanned the civil rights struggle in the South and contemporary battles for media openness in the digital age.

Dean, Cooper to raise funds for Georgia's Nunn

NASHVILLE (AP) - Two of Nashville's top Democrats are planning a fundraiser for Michelle Nunn's U.S. Senate bid in Georgia.

Mourners pay respects to Seigenthaler

NASHVILLE (AP) — Mourners are paying respects to John Seigenthaler, the journalist who once edited The Tennessean newspaper, helped shape USA Today and worked for civil rights during the John F. Kennedy administration.

Governors group skirts 'radioactive' Common Core

NASHVILLE (AP) — Reviled by staunch conservatives, the common education standards designed to improve schools and student competitiveness are being modified by some Republican governors, who are pushing back against what they call the federal government's intrusion into the classroom.

Bald eagle to be released here on Tuesday

NASHVILLE (AP) — The American Eagle Foundation is planning to release a bald eagle near the Cumberland River in Nashville on Tuesday.

AUTO INDUSTRY

VW to build new SUV in Chattanooga, add 2,000 jobs

NASHVILLE (AP) — Volkswagen plans to build a new seven-passenger SUV at its factory in Chattanooga, Tennessee, adding about 2,000 factory jobs as it tries to reverse U.S. sales that have fallen for the past two years.

NATIONAL BUSINESS

US companies look overseas for tax bill relief

A growing number of U.S. companies are looking to trim their tax bills by combining operations with foreign businesses in a trend that may eventually cost the federal government billions of dollars in revenue.

US stocks drift as investors digest earnings

Stocks were little changed in early trading Tuesday as investors sized up corporate earnings and new government data showing that retail sales inched up last month. Earnings from JPMorgan Chase and Goldman Sachs trumped Wall Street's expectations. Tobacco companies fell as investors got a look at the details of Reynolds American's takeover of rival Lorillard.

Oil barely changed; US gas prices at 3-month lows

Lacking any catalysts, the price of oil barely changed Monday. Meanwhile, gasoline prices in the U.S. slipped to three-month lows.

Citigroup to pay $7B in subprime mortgages probe

WASHINGTON (AP) — Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades.

NATIONAL POLITICS

Obama to press for action on transportation funds

WASHINGTON (AP) — President Barack Obama will press Congress this week to keep highway and transit aid flowing to states.


FRIDAY, JULY 11
NATIONAL BUSINESS

Tobacco firms Reynolds, Lorillard in merger talks

RICHMOND, Va. (AP) — Cigarette makers Reynolds American Inc. and Lorillard Inc. on Friday said they are in talks of a possible merger that would combine two of the nation's oldest and biggest tobacco companies.

Stocks little changed, on track for weekly loss

NEW YORK (AP) — The stock market rose slightly Friday but was still headed for its biggest weekly loss since April as investors assessed corporate news. The market ended the previous week at a record high.

Oil rises for first time in 2 weeks, near $103

The Associated Press - The price of oil bounced back late Thursday and rose for the first time in two weeks.

Economists downgrade forecasts for US growth

WASHINGTON (AP) — U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.

Downside of low US mortgage rates? Less selling

WASHINGTON (AP) — Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.

Wells Fargo profit edges up 3 percent in quarter

The Associated Press - Wells Fargo said its second-quarter profit edged up 3 percent, helped by higher deposit balances and a drop in the amount of loans that went bad. Revenue slipped.

US records $71 billion budget surplus in June

WASHINGTON (AP) — The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.

Amazon asks FAA for permission to fly drones

NEW YORK (AP) — Amazon is asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.

Report drives soybean prices near 4-year low

The Associated Press -- Soybean contracts sank to their lowest price in almost four years after a government report bolstered expectations for ample supplies.

NATIONAL POLITICS

Fall elections loom over governors' meeting

NASHVILLE (AP) — Partisan divisions over immigration, education and health care are intensifying as dozens of the nation's governors meet just months before elections thick with presidential implications.

GREEN BUSINESS

Inventor pushes solar panels for roads, highways

SPOKANE, Wash. (AP) — The solar panels that Idaho inventor Scott Brusaw has built aren't meant for rooftops. They are meant for roads, driveways, parking lots, bike trails and, eventually, highways.

STATEWIDE

John Seigenthaler, Tennessee journalist, dies

NASHVILLE (AP) — John Seigenthaler, the journalist who edited The Tennessean newspaper, helped shape USA Today and worked for civil rights during the Kennedy administration, died Friday at his Nashville home at age 86, his son said.

3 Democratic Supreme Court justices launch TV ad

NASHVILLE (AP) — The three Supreme Court justices facing retention elections next month have launched a television ad to stress their dedication to the federal and state constitutions.

Tenn. neighborhood attracting bears

KNOXVILLE (AP) — Tennessee wildlife officials say a black bear spotted in a West Knoxville neighborhood will be left alone as long as it returns the favor.

AUTO INDUSTRY

NHTSA probes 500K Ford cars for steering issues

NEW YORK (AP) — The National Highway Traffic Safety Administration says it is investigating steering problems in about 500,000 Ford cars.

Automotive systems maker expanding in Sumner Co.

GALLATIN (AP) — Officials say the expansion of an automotive systems manufacturer in Gallatin could create 230 new jobs over the next five years in Sumner County.

Chrysler recalls 651,000 SUVs for mirror lights

NEW YORK (AP) — Chrysler says it is recalling 651,000 Jeep and Dodge SUVs in the U.S. because vanity mirror lights that have undergone repairs can short circuit and start a fire if not reassembled correctly.

NATIONAL BUSINESS

US stocks lower due to European banking worries

NEW YORK (AP) — Stocks fell Thursday as worries about the soundness of a European bank spooked U.S. investors, prompting them to sell off stocks and snap up less risky assets like gold and governments bonds. However, the declines were half of what they were earlier in the session.

US unemployment aid applications fall to 304,000

WASHINGTON (AP) — Fewer people sought U.S. unemployment benefits last week, driving down the level of applications to nearly the lowest in seven years.

Portuguese bank fears rekindle euro market tension

LISBON, Portugal (AP) — The specter of Europe's financial crisis is back to haunt investors.

More 'headline-grabbing' corporate deals expected

LONDON (AP) — More "headline-grabbing" acquisitions are likely over the coming year as businesses take advantage of a period of improving economic growth and cheap financing.

MUSIC INDUSTRY

Brooks' music coming to digital via his own site

NASHVILLE (AP) — Garth Brooks is finally embracing digital music, but he's doing it his own way.

REGION

Kentucky coal group sues TVA over Paradise plant

LOUISVILLE, Ky. (AP) — A group of landowners and a Kentucky coal industry group are asking a federal judge to halt plans to shut down two coal-fired units at a Tennessee Valley Authority power plant in western Kentucky.

AUTO INDUSTRY

Union official: Local coming for Volkswagen plant

NASHVILLE (AP) — An official with the United Auto Workers, which suffered a stinging defeat in its attempt to unionize Volkswagen's assembly plant in Tennessee earlier this year, said Thursday that it is forming a new local at the plant.

STATEWIDE

TSU to get 'StormReady' designation

NASHVILLE (AP) — Tennessee State University says it is receiving a certification from the National Weather Service signifying that the university is well prepared to protect its people and property from severe weather.

Family Bible records now available on website

NASHVILLE (AP) — Visitors to the website of the Tennessee State Library and Archives can now access family Bible records.


TUESDAY, OCTOBER 22
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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0