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VOL. 38 | NO. 18 | Friday, May 2, 2014

Same playbook, different routes: Lassing, Matthews follow on-field success at VU with golden opportunities in post-grad world

By this time next week, Thursday night at the earliest and Saturday afternoon at the very latest, Jordan Matthews will have a job lined up.


Great pairing: Books and food

With the first quarter of 2014 behind us, it’s a good time to check in with New Year’s resolutions. I had hoped to read more, but I’ve spent too much time in restaurants instead.


What’s the toll of the road? Commuters pay the daily price

Amp or no Amp, something has to give. When two or more Realtors are gathered, the conversation flows into interrogations of whether anyone has pocket listings or other properties about to hit the market. It seems that all full-time, top-producing agents have more buyers than sellers, and the numbers are grossly out of proportion with most having as many as twice as many buyers as sellers.

Local Weather
Nashville, TN
Light Rain Fog/Mist
Wind: East at 6.9 mph
Humidity: 82%


Momentum in Bellevue. Matt Wiltshire, director of the Mayor’s Office of Economic Development, is the featured speaker and will discuss opportunities that lie ahead. 7 p.m., CrossPoint Church, 7675 Memphis-Bristol Hwy, Hwy. 70.

more events »


Four Stites & Harbison attorneys named to IP Stars list

Four Stites & Harbison, PLLC attorneys have been recognized by Managing Intellectual Property magazine as 2014 “IP Stars.” The star attorneys are nominated by their peers and in-house counsel.


Corporate websites must be more than online brochures

While reports of the death of corporate websites have been exaggerated, there’s no denying traditional sites are experiencing significant traffic declines.


Low expectations catch up to reality

There is no better propellant for a market than low expectations. The S&P 500 has gained roughly 3.5 percent during this earnings season as expectations recalibrated with reality.


Customized crossword content? Who had a clue?

Dear Judge Vic, Do you believe in hiding messages in a crossword puzzle – like for birthdays, anniversaries, weddings and such? Curious.”


Wide variety of fruit choices for diabetics

The Easter Bunny has come and gone for another year. I hope all of you had as wonderful an Easter as my family and I did.


Health insurers just say no to marijuana coverage

Patients who use medical marijuana for pain and other chronic symptoms can take an unwanted hit: Insurers don't cover the treatment, which costs as much as $1,000 a month.


Toyota chalks up record profit, vehicle sales

TOKYO (AP) — Toyota chalked up a record annual profit and sales above 10 million vehicles for the first time, but forecast Thursday a slower year ahead as the momentum from a weak yen fades.

GM recalls challenge company, frustrate customers

DETROIT (AP) — Nine million parts. That's what General Motors needs to repair millions of cars it has recalled since Feb. 7.


FTC: Snapchat deceived customers

NEW YORK (AP) — Snapchat has agreed to settle with the Federal Trade Commission over charges that it deceived customers about the disappearing nature of messages sent through its service and collected users' contacts without telling them or asking permission.


Yellen: Fed's bond holdings to drop only gradually

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says the Fed's bond holdings will likely remain at high levels for up to eight years after it starts raising short-term interest rates.

Applications for US unemployment aid fall to 319K

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell 26,000 last week to 319,000, the latest sign that the job market is slowly improving.

Stocks rise as investors assess earnings; Fox up

NEW YORK (AP) — Stocks edged higher Thursday as investors assessed the latest batch of company earnings reports. There was also encouraging news on hiring as the Labor Department reported that the number of Americans seeking unemployment benefits is in decline.

Fannie, Freddie post solid earnings for 1Q

WASHINGTON (AP) — Government-controlled mortgage financers Fannie Mae and Freddie Mac posted solid earnings for the January-March period as the U.S. housing market continued to recover. Gains over recent quarters have enabled the companies to fully repay their taxpayer aid after being rescued by the government in 2008.

Oil falls to near $100 after China trade data

The price of oil declined Thursday but remained above $100 a barrel after China's monthly trade data showed subdued imports by the world's largest crude consumer.

Average US 30-year mortgage rate falls to 4.21 pct

WASHINGTON (AP) — Average U.S. rates on fixed mortgages this week fell for a second straight week as the spring home-buying season has gotten off to a slow start.

Amazon adds 15 cities to Sunday delivery service

NEW YORK (AP) — Amazon is expanding its Sunday package delivery service to 15 more cities across the country, including Philadelphia, New Orleans and Dallas.

Mobile Internet shakes up stodgy China industries

BEIJING (AP) — Alibaba, the e-commerce giant planning a blockbuster share sale in the U.S., shook up China's vast but sleepy retailing industry by popularizing online shopping. Now it and China's other Internet companies are mounting challenges in areas from banking to broadcasting.


Election-year defense budget spares ships, planes

WASHINGTON (AP) — Pentagon pleas for flexibility in keeping the military ready to fight with less money were largely ignored as a Republican-led House panel kept older weapons alive and preserved generous personnel benefits.


Haslam: Judicial campaign could hurt amendment

NASHVILLE (AP) - Gov. Bill Haslam says he's concerned that an effort by some fellow Republicans to oust three incumbent state Supreme Court justices in August could hurt the prospects of a separate constitutional amendment on judicial selection that goes before voters two months later.


Tennessee 12th-graders below average in math, reading

NASHVILLE (AP) - Tennessee Education Commissioner Kevin Huffman said Wednesday that a report showing the state's high school seniors' below-average performance in math and reading is partially due to them not being exposed to recent education changes that have more rigorous standards.

Referendums next for supermarket wine supporters

NASHVILLE (AP) - A coalition that advocated for supermarket wine sales in Tennessee is now shifting its focus to passing local referendums to make the law change a reality for communities around Tennessee.


Health insurers: Payment rates above 80 percent

WASHINGTON (AP) — Top health insurance companies told members of Congress Wednesday that more than 80 percent of people who've signed up under the president's new health care law have gone on to pay their premiums — a necessary step for the enrollment figures touted by the Obama administration to hold up.

Government report: Hospitals improving patient safety

WASHINGTON (AP) — The government says hospitals are becoming safer for patients due to a quality improvement partnership between industry and federal agencies.


China's Alibaba seeks blockbuster IPO in US

SAN FRANCISCO (AP) — Alibaba Group, the king of e-commerce in China, is dangling a deal that could turn into one of the biggest IPOs in history.


Government says no need to park recalled GM cars

DETROIT (AP) — U.S. Transportation Secretary Anthony Foxx says there's no need to tell owners of recalled General Motors cars to stop driving them.


Stock market climbs even as Internet names skid

NEW YORK (AP) — Soothing words from Federal Reserve Chair Janet Yellen helped pull the stock market out of a morning slump Wednesday. But Internet companies and Whole Foods Market plunged, taking the Nasdaq down.

Oil rises as stockpiles fall

The price of oil rose above $100 a barrel on Wednesday on a surprise decline in U.S. supplies and the continuing conflict in Ukraine.

Fear of economic blow as births drop around world

NEW YORK (AP) — Nancy Strumwasser, a high school teacher from Mountain Lakes, New Jersey, always thought she'd have two children. But the layoffs that swept over the U.S. economy around the time her son was born six years ago helped change her mind. Though she and her husband, a market researcher, managed to keep their jobs, she fears they won't be so fortunate next time.

Yellen foresees continued low borrowing rates

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Wednesday that the U.S. economy is improving but noted that the job market remains "far from satisfactory" and inflation is still below the Fed's target rate.

US productivity fell at 1.7 percent rate in 1Q

WASHINGTON (AP) — U.S. productivity fell in the first quarter while labor costs rose, reflecting the economic slowdown caused at the start of the year by harsh winter weather.


Campfield has more fun in follow-up to Holocaust remark

NASHVILLE (AP) - A Tennessee state senator who compared the federal health care law to the forced transportation of Jews to concentration camps during the Holocaust appeared to make light of the firestorm about his comments this week in a blog post on Tuesday.


Collier and McKeel whiskey sold to California group

NASHVILLE (AP) — Tennessee Distilling Co. is selling its brands including Collier and McKeel Tennessee Whiskey to California-based North Coast Spirits.

The Big Payback starts today

NASHVILLE (AP) — If you're considering donating money to a special cause this year, now may be one of the easiest times to do it.


Chrysler to drop Dodge minivan in wider revamp

AUBURN HILLS, Mich. (AP) — Chrysler Group wants to expand its sales with new vehicles — including a plug-in hybrid minivan and a new small Jeep SUV — and a more aggressive effort to differentiate its brands.

GM recalls about 60,000 Saturns to fix gear shifts

DETROIT (AP) — General Motors is recalling nearly 60,000 Saturn Aura midsize cars because the automatic transmission shift levers can show the wrong gear, and says it has known about the problem for at least a year.

Automated vehicle test site gets industry partners

ANN ARBOR, Mich. (AP) — The University of Michigan says General Motors, Ford and Toyota are among industry partners for an automated vehicle testing site that's designed to simulate a cityscape.


News media challenge ban on journalism drones

WASHINGTON (AP) — More than a dozen media organizations challenged the government's ban on the use of drones by journalists Tuesday, saying the Federal Aviation Administration's position violates First Amendment protections for news gathering.

Data breaches: A new source of worry for CEOs

NEW YORK (AP) — Add hackers to the long list of things that give CEOs insomnia.


US stocks fall on weaker earnings; Twitter plunges

NEW YORK (AP) — Stocks are closing lower following weaker earnings from U.S. companies.

US trade deficit drops 3.6 percent in March

WASHINGTON (AP) — The U.S. trade deficit narrowed in March as exports rebounded to the second highest level on record, led by strong gains in sales of aircraft, autos and farm goods.

Weaker sales slowed US home price gains in March

WASHINGTON (AP) — U.S. home prices rose at a slightly slower pace in the 12 months that ended in March, a sign that weak sales have begun to restrain the housing market's sharp price gains.

Oil stays below $100 as Ukraine tensions fester

The price of oil held below $100 a barrel amid concern over clashes between pro-Russian insurgents and Ukrainian government troops and expectations of another rise in U.S. crude stockpiles.

Office Depot plans to close at least 400 US stores

BOCA RATON, Fla. (AP) — Office Depot is planning to close at least 400 U.S. stores, as its merger with OfficeMax resulted in an overlap of retail locations that can be consolidated.

Facebook plans campaign to 'friend' small business

NEW YORK (AP) — Facebook wants to increase its advertising and get more clicks on all kinds of ads. It believes tapping into the lucrative small business market will help it achieve those goals.

Apple awarded $119M, but who's winning the fight?

SAN JOSE, Calif. (AP) — When a jury ordered Samsung to pay Apple $119 million for copying features of the iPhone, it was latest chapter in the worldwide legal fighting between the top two smartphone companies.


House GOP unveils bill slashing highway grants

WASHINGTON (AP) — Republicans controlling the House unveiled legislation on Tuesday that proposes a huge cut to a transportation grant program championed by President Barack Obama that funds road and bridge projects, light rail networks, port construction and bike paths.


Campfield's Obamacare-Holocaust comparison criticized

NASHVILLE (AP) - A state Senator's blog post likening the insurance requirement under President Barack Obama's health care law to the forced deportation of Jews during the Holocaust drew swift condemnation Monday from leaders of both parties in Tennessee.


Miranda Lambert leads CMT nominations

NASHVILLE (AP) - Thanks to her friends in country music, Miranda Lambert leads the Country Music Television nominations by pairing with her husband Blake Shelton, her girl group Pistol Annies and good friend Keith Urban.


Carr's Senate financial disclosure raises questions

MURFREESBORO (AP) — State Rep. Joe Carr describes himself on his campaign website as a farmer and small businessman, but a financial disclosure form filed on Friday shows most of Carr's income last year came from his salary and per diem allowances as a member of the Tennessee House of Representatives.


Court rules for government in mortgage fraud case

WASHINGTON (AP) — The Supreme Court has clarified how restitution must be computed in mortgage fraud cases.

Court takes up dispute over cell phone towers

WASHINGTON (AP) — The Supreme Court is taking up a dispute over what kind of explanation local officials must provide when denying an application to build a cell phone tower.


Warren Buffett praises General Motors' new CEO

OMAHA, Neb. (AP) — Investor Warren Buffett says General Motors' new CEO would do a great job running any business, and she is the best person to handle the company's recall problems.


US service firms grow at fastest pace since August

WASHINGTON (AP) — U.S. service firms grew last month at the fastest pace since August as new orders and sales grew, adding to evidence that the economy is picking up after a slow start to the year.

Stocks edge higher as US service sector improves

NEW YORK (AP) — Stocks are closing slightly higher as enthusiasm about an improving U.S. service sector outweighed concerns about China.

Oil slips on weak China data; gas price on decline

The price of oil fell slightly Monday, after a report showed a fourth month of contraction in China's manufacturing sector.

Target CEO Steinhafel out in wake of data breach

NEW YORK (AP) — Target's massive data breach has now cost the company's CEO his job.


Tennessee health exchange sign-ups nearly double

NASHVILLE (AP) - The number of Tennesseans signing up under the federal health insurance exchange nearly doubled in March, the last month of open enrollment for coverage.

8 million choose health plans under 'Obamacare'

Blue or red, a majority of states have exceeded their health care sign-up targets under President Barack Obama's law — something that would have been hard to imagine after last fall's botched rollout of insurance markets.


GM invests $50 million in Chevy Cruze plant

LORDSTOWN, Ohio (AP) — General Motors says it is investing $50 million at the northeast Ohio plant that builds the popular Chevrolet Cruze.

Nissan leads April auto sales rebound

DETROIT (AP) — U.S. car buyers came out of hibernation in April to spend on pickup trucks and SUVs, fueling an auto sales rebound that analysts expect to last the rest of the year.


Microsoft releases security update for Explorer

LOS ANGELES (AP) — Microsoft is releasing a security update for Internet Explorer that closes a gap that allowed attackers to take complete control of a computer. It also issued the update to Windows XP users, despite dropping support for the older operating system last month.

Justice Department, eBay settle antitrust lawsuit

WASHINGTON (AP) — The Justice Department on Thursday settled a lawsuit against eBay that accused the company of anticompetitive practices in the recruitment and hiring of skilled employees.


Anheuser-Busch trial highlights gender bias in pay

ST. LOUIS (AP) — From male-only corporate jets to guys' golf outings and hunting trips, Francine Katz says her time in the Anheuser-Busch executive suite was rife with exclusion, intentional slights and outright discrimination. But it wasn't until the King of Beers' 2008 sale to Belgian brewer InBev in a hostile takeover that she says she realized the boy's club atmosphere was costing her millions in salary and bonuses.


US gains 288k jobs, most in 2 years; rate 6.3 pct.

WASHINGTON (AP) — U.S. employers added a robust 288,000 jobs in April, the most in two years, the strongest evidence to date that the economy is picking up after a brutal winter slowed growth.

US factory orders increase 1.1 percent in March

WASHINGTON (AP) — Orders to U.S. factories advanced strongly in March for a second month while demand in a key category that signals business investment plans increased by the largest amount in more than a year. The strength was further evidence that the economy was rebounding after a harsh winter.

Stocks inch lower on mixed earnings, Ukraine

NEW YORK (AP) — U.S. stocks are ending slightly lower as corporate earnings come in mixed, overcoming enthusiasm about a pickup in hiring last month.

Oil rises; US job gains offset by supply concerns

The price of oil rose Friday as a report showed a big gain in new jobs in the U.S. But gains were tempered by ongoing concerns about record oil supplies.


Bipartisan bill introduced to approve Keystone pipeline construction

WASHINGTON (AP) — Senate supporters of the long-delayed Keystone XL pipeline have introduced legislation authorizing its immediate construction and say they expect the measure will come to a vote in the coming days.


White House seeks stronger privacy laws for data

WASHINGTON (AP) — The White House is asking Congress to pass new privacy laws that would add more safeguards for Americans' data and provide more protections for emails sought in the course of a law enforcement investigation.

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