VOL. 38 | NO. 21 | Friday, May 23, 2014
Industry veterans explain rocker’s influence on country capital
The change in the Nashville music scene in the few scant years since Jack White and his Third Man team settled here is palpable.
The tall young man many have said has “changed Nashville” doesn’t have time for that kind of talk as he spends a gray Nashville afternoon in a glowing blue room tucked in back of his non-descript world headquarters facing Nashville’s “Skid Row.”
Two of Murfreesboro’s biggest car dealerships are moving to the Gateway area, home of The Avenue shopping complex and Saint Thomas Rutherford Hospital, opting to take advantage of the city’s fastest-growing business hotspot.
Walk into the 12South boutique Cadeau Nashville and you are immediately enveloped by a rustic, eclectic and cool style that speaks very much to the local aesthetic.
REALTY CHECK
There are a number of buyers of residential real estate who feel sellers should reconstruct the home following the inspections.
REAL ESTATE
Top April 2014 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.
NEWSMAKERS
Waller has named Morgan Ribeiro executive director of the firm’s health care department. In this newly-created position, Ribeiro will work directly with Waller’s Healthcare Steering Committee to lead in the development and implementation of the department’s strategy and client development activities.
BUSINESS BOOK REVIEW
A client told you something today, but you’re not sure if you should believe it.
GUERRILLA MARKETING
The buying experience has been completely reinvented over the last decade, and companies slow to adapt are losing revenue and market share as a result.
GUEST COLUMNIST
Workers change jobs more frequently now than ever before. Bureau of Labor Statistics, show employees stay with a job an average of four years
I SWEAR
“I will not be venomous!” This is what I imagined to be the mantra of the reptile written about in Frankie Frisco’s “Second thoughts” sports column in the May 10 Arkansas Democrat-Gazette: “A Spurs official said the snake was determined to be non-poisonous ….”
KAY'S COOKING CORNER
Some of you probably only know figs as something gooey in the middle of a cookie. On the other hand, maybe you only know them by the famous little Christmas song: “Oh, bring me some figgy pudding / Oh, bring me some figgy pudding ...”
NASHVILLE AREA
NASHVILLE (AP) — AmSurg says it will spend about $2.35 billion to buy Sheridan Healthcare in a cash and stock deal that adds physician outsourcing services to the ambulatory surgery center operator's portfolio.
NASHVILLE (AP) — An annual report says the nation's largest Protestant denomination saw membership decline for the seventh straight year in 2013.
STATEWIDE
NASHVILLE (AP) — The Tennessee State Employees Association has named former Nashville Councilman John Summers as its new executive director.
REGION
First Tennessee has reached an agreement to buy 13 branches and four remote ATMs from Bank of America.
COURTS
NASHVILLE (AP) - Lawyers are fighting back against an effort by conservatives to oust three sitting justices on the state's highest court.
AUTO INDUSTRY
JACKSON, Miss. (AP) — A Nissan Motor Co. contractor has begun seeking applicants for 500 workers as part of the automaker's buildup to begin producing a new model in Mississippi.
DETROIT (AP) — The 2014 Chevrolet Impala was the only non-luxury car to earn the highest safety rating in new tests of high-tech crash prevention systems.
NATIONAL BUSINESS
WASHINGTON (AP) — More Americans signed contracts to purchase homes in April than the prior month. But the pace of buying is still weaker than last year, as higher prices and relatively tight supplies have limited sales.
WASHINGTON (AP) - The number of Americans seeking unemployment benefits fell last week to nearly the lowest level in seven years, a sign hiring may be picking up.
WASHINGTON (AP) — The U.S. economy was battered even more than first suspected by the harsh winter, actually shrinking from January through March. The result marked the first retreat in three years, but economists are confident the downturn was temporary.
NEW YORK (AP) — Stocks moved slightly higher in morning trading Thursday after the government reported that the number of people applying for unemployment benefits sank last week, a sign that employers are laying off fewer people.
WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell this week for a fifth straight week. The spring home-buying season has started slowly, but it may be aided by the low rates.
The price of oil was little changed below $103 barrel Thursday as traders awaited confirmation of a large rise in U.S. crude stockpiles.
NEW YORK (AP) — Hillshire Brands has another suitor.
CUPERTINO, Calif. (AP) — Apple is buying more flair, swagger and song-picking savvy with its $3 billion acquisition of Beats Electronics, a headphone and music streaming specialist founded by rapper Dr. Dre and Jimmy Iovine, one of the first recording executives to roll with the hip-hop culture.
WEDNESDAY, MAY 28
STATEWIDE
NASHVILLE (AP) — The Tennessee Bar Association is asking its members to rate three Supreme Court justices who are subject to a retention election this year.
NASHVILLE (AP) — Newspaper ads opposing a proposed constitutional amendment to give state lawmakers more power over abortions in Tennessee is drawing criticism for its depiction of a man in a turban trampling on a woman.
AUTO INDUSTRY
LOS ANGELES (AP) — Google will build a car without a steering wheel. It doesn't need one because it drives itself.
NATIONAL BUSINESS
HAVANA (AP) — The head of the U.S. Chamber of Commerce toured an auto repair cooperative and talked with newly minted private entrepreneurs Wednesday as part of the first American trade mission of its kind to Cuba in 15 years.
WASHINGTON (AP) — U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' revenue from the mortgage business.
LOS ANGELES (AP) — Once again, media company CEOs are among the highest paid executives in the nation, occupying six of the top 10 earning spots according to an Associated Press/Equilar study.
NEW YORK (AP) — Stocks are closing mostly lower after setting a record high the day before.
The price of oil inched higher above $104 a barrel Wednesday as the conflicts in Ukraine and Libya posed renewed risks to crude supplies.
TUESDAY, MAY 27
STATEWIDE
NASHVILLE (AP) - Protesters at the state Capitol voiced opposition Tuesday to a new law signed by Gov. Bill Haslam allowing the use of the electric chair if lethal injection drugs are unavailable to execute condemned prisoners.
STATE LEGISLATURE
NASHVILLE (AP) - A powerful state senator has written a letter excoriating the board that disciplines judges for dismissing an ethics complaint against the chief justice of the Tennessee Supreme Court.
AUTO INDUSTRY
BEIJING (AP) — China's government plans to take 6 million older, polluting vehicles off the road this year in an effort to revive stalled progress toward cleaning up smog-choked cities.
HEALTH CARE
WASHINGTON (AP) — From California to Rhode Island, states are confronting new concerns that their Medicaid costs will rise as a result of the federal health care law.
NATIONAL BUSINESS
NEW YORK (AP) — Stocks are closing higher, giving the Standard & Poor's 500 index its fourth gain in a row.
The price of oil remained above $104 a barrel Tuesday as investors weighed how the conflicts in Ukraine and Libya were likely to affect crude supplies.
WASHINGTON (AP) — U.S. consumers were slightly more confident in the economy in May than in April, partly because of strengthening optimism about future hiring and income gains.
WASHINGTON (AP) — U.S. home prices rose in March, but the gains are decelerating as fewer Americans can afford to buy.
WASHINGTON (AP) — Orders to U.S. factories for long-lasting manufactured goods advanced for a third month in April, but much of the strength came from a big surge in demand for military aircraft. Orders in a category that signals business investment plans fell by the largest amount in three months.
WASHINGTON (AP) — If you randomly put 10,000 Americans in a room, only one would have earned the $10.46 million that a CEO at a typical large public company made last year.
NEW YORK (AP) — Here are the 10 highest-paid CEOs of 2013, as calculated by The Associated Press and Equilar, an executive pay research firm:
MONDAY, MAY 26
COURTS
NEW YORK (AP) — Federal prosecutors in New York say an admitted computer hacker helped the FBI thwart hundreds of cyberattacks on government and corporate computer systems.
AUTO INDUSTRY
WASHINGTON (AP) — An investigation into price-fixing and bid-rigging in the auto parts industry has mushroomed into the Justice Department's largest criminal antitrust probe ever, and it's not over yet.
NATIONAL BUSINESS
HONG KONG (AP) — World stocks mostly rose Monday on optimism about the U.S. economy, hints from China about further stimulus and as investors in Europe looked past the big gains made by Euroskeptic parties in European elections.
The price of oil slipped to near $104 a barrel Monday after preliminary results showed a billionaire businessman winning a clear majority in Ukraine's presidential elections.
FRIDAY, MAY 23
STATEWIDE
NASHVILLE (AP) - Tennessee is "ready as needed" to use the electric chair if it can't get the drugs used for lethal injections, the state's top prisons official said Friday.
NASHVILLE (AP) — Republican Gov. Bill Haslam on Thursday vetoed a bill over what he called an unintended consequence of reducing the criminal penalties for pollution in Tennessee.
NASHVILLE (AP) — More than a year after FBI agents raided the Tennessee headquarters of the huge truck-stop chain owned by the Cleveland Browns' owner and Tennessee's governor, Pilot Flying J is cleaning house.
A timeline of events in the federal investigation into rebate fraud at the Pilot Flying J truck-stop chain owned by the family of Cleveland Browns owner Jimmy Haslam and his brother, Tennessee Gov. Bill Haslam:
MIDSTATE
NASHVILLE (AP) — A Middle Tennessee mother has filed a federal lawsuit alleging her 5-year-old son was raped by older students in the bathroom of an elementary school.
AUTO INDUSTRY
GENEVA (AP) — The United States claimed victory in a trade dispute Friday after a key panel ruled that China's anti-dumping duties on imports of American-made cars and sport-utility vehicles violate international trade rules.
DETROIT (AP) — Suzuki is recalling more than 184,000 small cars in the U.S. because the steering columns can catch fire.
DETROIT (AP) — General Motors is telling Wall Street that a recent spate of recalls may last until mid-summer as the company continues to review unresolved safety issues.
DETROIT (AP) — General Motors CEO Mary Barra is preparing for a return trip to Capitol Hill as an internal investigation into the company's safety problems nears a close.
NATIONAL BUSINESS
Call it the Great Slog. Stocks are bumbling along this year after a gangbuster 2013.
The price of oil rose above $104 a barrel Friday ahead of a holiday weekend in the U.S. and national elections in Ukraine on Sunday.
WASHINGTON (AP) — Sales of U.S. new homes recovered in April after slumping in the previous two months. But Americans are still buying new homes at a slower pace than they did a year ago.
NEW YORK (AP) — One of America's favorite pastimes is changing rapidly.
NEW YORK (AP) — If you're hoping to pre-order books by J.K. Rowling, Michael Connelly and other Hachette Book Group authors, you'll have to go somewhere besides Amazon.com.
PALO ALTO, Calif. (AP) — Hewlett-Packard says it is cutting another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in a multi-year restructuring plan in May 2012 and offered an outlook that was below expectations. Shares fell.
NEW YORK (AP) — More Facebook users can expect to see a blue cartoon dinosaur popping up in their feeds, reminding them to check their privacy settings.
NEW YORK (AP) — The price of gasoline looks familiar this Memorial Day. For the third year in a row, the national average will be within a penny or two of $3.64 per gallon.
NATIONAL POLITICS
WASHINGTON (AP) — The House on Thursday passed legislation to end the National Security Agency's bulk collection of American phone records, the first legislative response to the disclosures by former NSA contractor Edward Snowden.
WASHINGTON (AP) — The House on Thursday overwhelmingly backed a $601 billion defense authorization bill that spares planes, ships and military bases in an election-year nod to hometown interests.