Business
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Ken's Business Musings
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Knoxnews: Business
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N.C. ending fraud probe into mountain lot sales #
RALEIGH, N.C. — North Carolina Attorney General Roy Cooper’s office said today it was ending its civil investigation into the sale of overpriced mountain lots near the Tennessee border to buyers who were told they could profit without investing their own money.
Posted: Sept. 3, 2010 at 6:30 p.m.
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Downtown eatery La Costa under new ownership #
KNOXVILLE -- La Costa on Market Square, which has been serving up Latino and Southern cuisine for about four years, has a new owner.
Posted: Sept. 3, 2010 at 1 p.m.
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Nuclear Fuel Services faces $140,000 fine #
KNOXVILLE -- The Nuclear Regulatory Commission staff is proposing a $140,000 fine against Nuclear Fuel Services for an Oct. 13, 2009 incident at the company’s Erwin, Tenn. nuclear facility in which a chemical reaction increased unexpectedly and employees were evacuated.
Posted: Sept. 3, 2010 at 12:30 p.m.
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Former General Motors CEO to head Knoxville company #
KNOXVILLE -- Former General Motors Chairman and CEO Frederick A. “Fritz” Henderson has been tabbed to head Knoxville-based SunCoke Energy, which makes coke for steel manufacturers.
Posted: Sept. 3, 2010 at 11:30 a.m.
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Bredesen praises Tennessee's low debt load #
NASHVILLE — Gov. Phil Bredesen praised a national ranking that put Tennessee at the bottom of all states and Washington, D.C., for debt load.
Posted: Sept. 3, 2010 at 10 a.m.
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Oakridger: Business
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Y-12 transformation continues with potable water project, new towers #
<img src="http://www.oakridger.com/archive/x905705801/g082082000000000000a14636421c550538ff0dec52179102987e4f262e.jpg" width="104" height="130" alt="Y_12_transformation_2X.jpg" title="Y_12_transformation_2X.jpg" align="left" /> </a> <p> A critical improvement to the operations of the Y-12 National Security Complex has come online with this summer's start-up of a new potable water system that includes two prominent, 220-foot-tall water towers and more than 1.5 miles of newly installed ...
Posted: Aug. 29, 2010 at 1 p.m.
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Rezoning near Sonic delayed #
The Oak Ridge City Council took no action Monday on a proposed rezoning of property that's now a residential lot next to Sonic Drive-In on the Oak Ridge Turnpike.
Posted: Aug. 29, 2010 at 1 p.m.
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$30M Credit Union planned #
ORNL Federal Credit Union has purchased roughly 38 acres in Horizon Center Business Park in west Oak Ridge for a $30 million corporate headquarters.
Posted: Aug. 29, 2010 at 1 p.m.
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IDB considers selling last lot in Bethel Valley Industrial Park #
The Oak Ridge Industrial Development Board will have a special meeting at 4:30 p.m. today to consider the sale of a 5.85-acre parcel in Bethel Valley Industrial Park.
Posted: Aug. 29, 2010 at 1 p.m.
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TVA raising power rate for 6th month #
Tennessee Valley Authority customers paying a sixth straight month of higher fuel cost adjustments in August will see increases ranging between $1 and $2 on typical residential bills.
Posted: Aug. 29, 2010 at 1 p.m.
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Property Scope
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NAI lists Belle Island property; Debbie Reynolds' son cites Wednesday deadline #
A portion of the stalled Belle Island Village project, in Pigeon Forge, has now been listed for sale by a Knoxville real estate firm, but a proposed Hollywood museum at the center of the original project is looking wobbly. Trey Miller and Brian Tapp, of NAI Knoxville, have recently listed ...
Posted: Sept. 3, 2010 at 4:30 p.m.
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New ownership for La Costa #
From The Bottom Line blog: Former educator Sabrina Brittain took over the downtown eatery this week after purchasing it from previous owner Ken Eddleman. "I have always wanted to own a restaurant. It's always been a dream," Brittain said. Check out the details here.
Posted: Sept. 3, 2010 at 1 p.m.
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Is ex-GM CEO coming to Knoxville? #
It's not necessarily real-estate related, but Roger Harris has a very interesting post on his Rant$ and Rave$ blog. Apparently, Fritz Henderson -- the long-time General Motors executive and short-lived CEO of the automaker -- has been tapped as chairman and CEO of Knoxville-based SunCoke Energy. Check out Roger's story ...
Posted: Sept. 3, 2010 at 12:30 p.m.
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Friday briefing #
Follow the Scope on Twitter or become a "friend" on Facebook. Chrysler Jeep group not sponsoring Boomsday this year. KNS Whirlpool says new plant in Cleveland will be LEED certified. Times Free Press Nashville Mayor's office: Hotel deal will help with convention center payments. Tennessean Chattanooga Forever 21 to lease ...
Posted: Sept. 3, 2010 at 9:30 a.m.
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More flak for Burchett over downtown library #
New KNS columnist Pam Strickland is picking up where Kevin Grimac left off (minus the gratuitous insults) and putting some heat on new county mayor Tim Burchett regarding a new downtown library. Yes, we know that the idea of a $40-$45 million county facility right now is a bit much, ...
Posted: Sept. 3, 2010 at 9:30 a.m.
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The Bank Draft
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New fees afoot at BofA, Wachovia #
The Charlotte Observer has details about new charges and fees at Wachovia and Bank of America. Check out the story here.
Posted: Sept. 3, 2010 at 12 p.m.
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Former director drops BankEast suit #
Terry Dotson has dropped his lawsuit against BankEast and its chairman, Fred Lawson. In June, Dotson sued in Knox County Circuit Court, alleging that in 2008, Lawson solicited a $1 million investment in BankEast Corporation from Dotson, but omitted key details about the bank's condition. The suit further alleged that ...
Posted: Aug. 31, 2010 at 11:30 a.m.
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Sevier County Bank hit with consent order #
Federal regulators have issued a consent order to Sevier County Bank that calls on the lender to take a variety of actions. The Federal Deposit Insurance Corporation issued the order which, among other things, requires the bank to submit a plan for improving earnings and reducing discretionary expenses; to correct ...
Posted: Aug. 27, 2010 at 3:30 p.m.
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Bank details FDIC directive #
Last week, the Draft reported that the FDIC had notified American Patriot Bank that it intended to issue a prompt corrective action directive, requiring the bank to submit a capital restoration plan by August 31. That directive has now been filed with the SEC. Check it out here.
Posted: Aug. 26, 2010 at 5 p.m.
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FSG director resigns, and company points to strategy dispute #
Randall Gibson has resigned from the board of First Security Group, Inc., and the Chattanooga company said it believes he stepped down "due to a disagreement with the Board of Directors regarding strategic direction of the Company." FSG, the parent company of FSGBank, submitted Gibson's very brief resignation letter (addressed ...
Posted: Aug. 25, 2010 at 4:30 p.m.
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The Bottom Line
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La Costa under new ownership #
La Costa on Market Square, which has been serving up Latino and Southern cuisine for about four years, has a new owner. Former educator Sabrina Brittain took over the downtown eatery this week after purchasing it from previous owner Ken Eddleman. "I have always wanted to own a restaurant. It's ...
Posted: Sept. 3, 2010 at 1 p.m.
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Half Off Depot taps local marketing firm #
Atlanta-based Half Off Depot has tapped a local marketing firm to help the company as it moves forward with rapid expansion plans. Knoxville-based Pyxl, which has been providing digital marketing services since 2000, will work with Half Off Depot on comprehensive marketing strategy that includes web, mobile, public relations and ...
Posted: Sept. 2, 2010 at 10:30 a.m.
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The Cupcakery undergoes name change #
The Cupcakery will soon be The Cup. Owner Meredith Layton said the business is undergoing the change to help distinguish itself from other cupcake-centric stores that are popping up elsewhere and using cupcakery in their name. The Cupcakery was started by Layton's sister in St. Louis, where there are now ...
Posted: Sept. 1, 2010 at 5 p.m.
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Ruby Tuesday eyes first Truffles location #
Ruby Tuesday will open its first Truffles Cafe this November in the Buckhead community of Atlanta. The move is part of a plan announced in July by the Maryville-based restaurant operator to convert its underperforming stores to other concepts. Truffles Cafe is based out of Hilton Head, S.C., where there ...
Posted: Sept. 1, 2010 at 11 a.m.
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Book Gallery opens off Cedar Bluff #
The Book Gallery has re-opened at its new location off Cedar Bluff. The Nashville-based, family-owned chain that sells books at 50 to 70 percent off the publisher price relocated from its Turkey Creek store to 180 North Peters Road next to Jo-Ann's Fabric. "We'll have about 150,000 books when we're ...
Posted: Aug. 31, 2010 at 11 a.m.
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The Daily Times: Business news
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Lights a million: Pellissippi Place illumined in millions of LED colors #
There's a light show at night at the entrance to the new Pellissippi Place R&D; park.
Posted: Sept. 3, 2010 at 9:31 a.m.
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Knoxville interstate project honored #
The Tennessee Department of Transportation's SmartFIX40 project in Knoxville is being recognized as one of the top transportation undertakings in the country.
Posted: Sept. 3, 2010 at 9:31 a.m.
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ETSU educator promotes doctorate for nurses #
An educator at East Tennessee State University says now is the best time for nurses to pursue a doctorate in nursing philosophy or practice.
Posted: Sept. 3, 2010 at 9:31 a.m.
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Ala. hospital eliminates two executive jobs #
The company that owns Hartselle Medical Center says the jobs of chief executive officer and chief financial officer at the hospital are being eliminated.
Posted: Sept. 3, 2010 at 9:31 a.m.
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Airport wins financial report award #
The Metropolitan Knoxville Air Authority has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada for its comprehensive annual financial report for the 17th consecutive year.
Posted: Sept. 3, 2010 at 9:31 a.m.
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