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VOL. 39 | NO. 45 | Friday, November 6, 2015

Small shops, big business

Mall alternatives thrive as holiday shopping approaches

Reese Witherspoon’s flagship boutique, Draper James, opened last week in the 12South area, and the reception was all Nashville.

A sampling of small stores across Midstate

Where to find specialty and locally owned stops in Nashville and Franklin for the holiday season.

Malls use technology to keep modern shoppers

Santa is arriving at The Mall at Green Hills this weekend, marking the start of the luxury mall’s holiday shopping season.

Hendersonville designer Josh Johnson strikes gold with L.A. interiors

Hendersonville is a long way from Hollywood, but designer Josh Johnson is gladly making the commute.

Local Weather
Currently
Nashville, TN
32.0°F
Overcast
Wind: from the West at 8.1 gusting to 17.3 mph
Humidity: 73%

EVENTS

Chamber Midtown Quarterly Meeting. Chamber Midtown is the Nashville Area Chamber of Commerce’s newest area advisory council, formed to champion business prosperity in one of Nashville’s most thriving business districts. Area advisory councils serve the unique business needs of our members and provide opportunities for getting involved in solving problems, discussing issues and implementing special projects. 7:30-9 p.m., Midtown Hills Police Precinct, 1443 12th Avenue South, Nashville. Information: nashvillechamber.com, 615-743-3063

more events »

VIEW FROM THE HILL

Consolidation of state’s newspapers bad for taxpayers

The federal government isn’t likely to descend on Tennessee with trust-busting vengeance once three of the state’s four largest newspapers are owned by the same company.

REALTY CHECK

That house? Not interested – unless someone else wants it

Justin Halpern was a comedian who moved home to live with this father and began to chronicle interesting, comical quotations from his father in a Twitter feed called – since this is a family column I shall refer to it as – “‘Stuff’ my Dad Says.”

REAL ESTATE

US housing recovery divided on age, race and place

WASHINGTON (AP) — It's the most profitable time to sell a house since the Great Recession started in late 2007. But first-time buyers are increasingly scarce.

Top Middle Tennessee residential real estate transactions for September 2015

Top residential real estate sales, September 2015, for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

TENNESSEE TITANS

Others might join Whisenhunt before it’s over

The clock is ticking for Mike Mularkey, just as it is for most of the organization’s management team.

UT SPORTS

UT-South Carolina won’t be the same without the head ball coach

I miss Steve Spurrier. It won’t be the same without Spurrier coaching South Carolina when Tennessee (4-4, 2-3 SEC) plays host to the Gamecocks (3-5, 1-5) on Saturday.

NEWSMAKERS

Dickinson Wright welcomes associates

Dickinson Wright PLLC has hired Ariel Mason and Dustin Kovacic as associate attorneys. Mason joins the firm’s downtown Nashville office, and Kovacic joins the office on Music Row.

BEHIND THE WHEEL

Mazda’s new small SUV is affordable, easy on fuel

Mazda’s smallest sport utility vehicle, the new CX-3, is a nimble five-seater with fresh styling, an affordable starting price, generous standard equipment and noteworthy fuel economy.

BUSINESS BOOK REVIEW

Teaching the ABCs of money management

There’s a little jingle in your pocket, and you can’t wait to spend it.

GUERRILLA MARKETING

Get real results from LinkedIn

One out of every three professionals on the planet is on LinkedIn.

CAREER CORNER

Even thriving businesses aren’t immune to layoffs

With the NBA basketball season just starting up, ESPN has made an announcement that may seem quite shocking. They are planning to lay off 300 employees, or 4 percent of their 8,000-person workforce. Given that ESPN is a worldwide authority in sports, this news seems a bit jarring at first.

I SWEAR

Crow takes songwriter showcase to Arkansas

For a couple more months, the I Swear Crossword and this column will have something in common. Starting Jan. 1, 2016, the connection between the two will be lost.

MIDSTATE

Murfreesboro Aviation recognized for training excellence

MURFREESBORO (AP) — Murfreesboro Aviation is being recognized for flight training excellence by the world's largest aviation association.

AUTO INDUSTRY

VW offers some employees amnesty for information on cheating

FRANKFURT, Germany (AP) — Volkswagen is telling employees that they can come forward with information about how the company cheated on U.S. emissions tests — and won't be fired.

Holiday car deals move earlier: 4 things to consider

DETROIT (AP) — Lexus put the red bows atop its cars a month early, and General Motors is advertising Black Friday deals two weeks before Thanksgiving as the auto industry copies traditional retailers with holiday discounts well before the holidays.

Rolls-Royce shares plunge on profit warning

LONDON (AP) — Rolls-Royce shares plunged 18 percent as the maker of plane engines warned weaker demand would hit profits.

REAL ESTATE

Average US rate on 30-year mortgage jumps to 3.98 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates this week rose sharply for a second straight week as expectations grew that the Federal Reserve may soon raise its key short-term interest rate.

NATIONAL/INTERNATIONAL BUSINESS

Yellen says research needed on unconventional policy tools

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen is stressing the need to review the unconventional monetary policies that central banks around the world deployed in response to the 2008 global financial crisis.

US employers advertise more job openings in September

WASHINGTON (AP) — Employers advertised more job openings in September but hiring was essentially unchanged.

Applications for US jobless aid stay near historic lows

WASHINGTON (AP) — The number of people seeking unemployment aid was unchanged last week, a sign that most businesses are reluctant to cut jobs.

Stocks skid as prices of oil and other commodities fall

NEW YORK (AP) — U.S. stocks are skidding Thursday, weighed down by weakness in mining and energy companies as commodities prices fall. Stocks are heading for their sixth drop in seven days.

High-tech means higher sales for many small retailers

NEW YORK (AP) — An independent retailer may not look like the cutting edge of technology, but these small businesses increasingly turn to apps and sophisticated software to connect with customers.

NATIONAL POLITICS

Obama tries to enlist eBay sellers to back his trade pact

WASHINGTON (AP) — President Barack Obama is trying to rally hundreds of thousands of eBay sellers to get behind a proposed trade deal between the U.S. and 11 other countries.

Postal workers' union endorses Bernie Sanders for president

WASHINGTON (AP) — Vermont Sen. Bernie Sanders secured the endorsement of the 200,000-member American Postal Workers Union on Thursday, marking the largest labor union to back his Democratic presidential campaign.


WEDNESDAY, NOVEMBER 11
NASHVILLE AREA

Memory foam maker Sinomax to create 350 jobs in Nashville

NASHVILLE (AP) — Memory foam maker Sinomax is building a new $28 million plant in southeastern Nashville, creating 350 new jobs.

Nashville educator awarded $25,000 Milken Award

NASHVILLE (AP) — A Nashville educator has been awarded $25,000 from the Milken Family Foundation.

STATEWIDE

Tennessee returned $40 million in unclaimed property

NASHVILLE (AP) — The state Treasury Department says it returned $40 million of unclaimed property to its rightful owners this past fiscal year.

AUTO INDUSTRY

GM, government actions questioned in car fire recalls

DETROIT (AP) — Shortly after Elizabeth Berry parked her bright yellow 2003 Chevrolet Monte Carlo SS on the street in front of her family's home in May 2014, flames engulfed the engine, destroying the car and scorching her mailbox.

German transport agency is testing emissions on 23 brands

BERLIN (AP) — Germany's Federal Motor Transport Authority says it's testing the emissions of vehicles made by 23 foreign and domestic brands following revelations that Volkswagen installed software on some 11 million vehicles allowing them to fake emissions results.

NATIONAL/INTERNATIONAL BUSINESS

Weakness in retailers and energy companies pull stocks lower

NEW YORK (AP) — Stock indexes ended lower Wednesday after a day of wavering between small gains and losses. A weak report from Macy's pushed retail stocks lower, and energy stocks retreated as the price of oil fell.

500 LensCrafters to open in Macy's stores

MILAN (AP) — The world's largest eyeglass maker has signed a deal with the U.S. department store chain Macy's to open up to 500 LensCrafters optical retail centers inside Macy's.

Kroger to buy Roundy's for $178M to expand in Midwest

NEW YORK (AP) — Kroger said Wednesday that it plans to buy fellow grocer Roundy's for about $178 million to expand in the Midwest.

Beer merger will not bring Budweiser, Miller under same roof

LONDON (AP) — The world's two biggest beer makers will join forces to create a company that produces almost a third of the world's beer. But in the U.S., the deal will not bring arch rivals Budweiser and Miller under the same roof.

No empty nest: Young women live with mon, dad like it's 1940

Young women are living with their parents or relatives at a rate not seen since 1940 as more millennial women put off marriage, attend college and face high living expenses.

IMF chief calls for reforms in Gulf amid low oil prices

KUWAIT CITY (AP) — On a trip through a Gulf squeezed by low oil prices, the head of the International Monetary Fund repeatedly called on countries to cut back on subsidies, lower government spending and consider levying taxes.

NATIONAL POLITICS

Analysis: No breakouts in GOP debate; muddled status quo

WASHINGTON (AP) — Marco Rubio emerged unscathed. Ben Carson defended his integrity. Donald Trump flashed his dominant personality. And Jeb Bush avoided disaster.

AP FACT CHECK: GOP candidates flub some figures in debate

WASHINGTON (AP) — Ben Carson botched the economic effect of minimum wage increases. Jeb Bush again pitched a dubious target for economic growth. Marco Rubio, in a tale about plumbers and philosophers, undersold the value of a college education.


TUESDAY, NOVEMBER 10
STATEWIDE

Haslam uncertain about seeking lawmakers' OK on outsourcing

NASHVILLE (AP) - Gov. Bill Haslam says he's uncertain whether he would seek approval from fellow Republicans in the Tennessee General Assembly about potential plans to privatize state operations.

Haslam: Decide road priorities before talking funding

NASHVILLE (AP) — Republican Gov. Bill Haslam is calling on state lawmakers to decide on Tennessee's priorities on future road projects before resolving the politically tricky issue of finding a way to pay for them.

NASHVILLE AREA

Haslam to announce 'significant' economic development deal

NASHVILLE (AP) - Gov. Bill Haslam is planning to make what his office is calling a "significant" economic development announcement in Nashville.

TECHNOLOGY

Google Maps offers offline option when Internet is spotty

NEW YORK (AP) — Google Maps is getting disconnected. With an update for Android phones Tuesday, you'll be able to search nearby businesses and get driving directions, including turn-by-turn voice prompts, even if your Internet connection is spotty or non-existent. Google says a version for iPhones will come soon.

NATIONAL/INTERNATIONAL BUSINESS

A late gain leaves stocks mostly higher after a 4-day slump

NEW YORK (AP) — Stocks reversed course and moved mostly higher Tuesday, breaking a four-day losing streak.

Oil prices forecast to stay low until 2020

PARIS (AP) — Oil prices are likely to remain low over the next five years because of plentiful supply and falling demand in developed countries, the International Energy Agency said Tuesday in its annual forecast.

Toys have best year in a decade

NEW YORK (AP) — Toys are staging a comeback. The U.S. toy industry is expected to have its strongest year in at least a decade after several years of kids choosing videogames and mobile apps over Barbie and stuffed bears.

Lufthansa union expands strike to all flights starting Wednesday

BERLIN (AP) — A cabin crew strike at Lufthansa will expand on Wednesday to affect all of the German airline's flights in an escalating dispute over benefits.


MONDAY, NOVEMBER 9
STATEWIDE

Haslam tries to jumpstart support for road funding increases

NASHVILLE (AP) - Armed with a new $5.3 billion wish list for statewide road projects, Gov. Bill Haslam embarked on another tour Monday seeking to jumpstart support among deeply skeptical lawmakers for boosting transportation funding in Tennessee.

COURTS

Tennessee high court changing rules to allow electronic filing

NASHVILLE (AP) — The Tennessee Supreme Court is revising its rules to allow for electronic filing in the state's appellate courts.

AUTO INDUSTRY

UAW leaders approve tentative agreement with Ford

DETROIT (AP) — The United Auto Workers' proposed contract with Ford Motor Co. — approved Monday by local union leaders — is the richest of the Detroit Three, with a promise of $10,250 in bonuses for most workers this year alone.

Ruling could expose GM to large verdicts in ignition cases

DETROIT (AP) — A federal bankruptcy judge has ruled that people suing General Motors over faulty ignition switches can seek punitive damages that could cost the company millions of dollars or more.

VW offers diesel owners $1,000 in gift cards and vouchers

DETROIT (AP) — Volkswagen is offering $1,000 in gift cars and vouchers as a goodwill gesture to owners of small diesel-powered cars involved in an emissions cheating scandal.

Greenpeace targets Volkswagen over emissions scandal

BERLIN (AP) — Environmental activists protested outside the main entrance to Volkswagen headquarters in Wolfsburg, unfurling a banner reading "Das Problem" — a play on the carmaker's marketing slogan "Das Auto."

Mysterious electric car startup looking to build $1B factory

LOS ANGELES (AP) — The luxury electric car market may be small, but it's lucrative enough to get another jolt — this time from a mysterious startup that says it wants to re-imagine how people interact with their autos.

NATIONAL/INTERNATIONAL BUSINESS

Trade slowdown points to world recession risk, watchdog says

PARIS (AP) — A slowdown in international trade could be a harbinger of a new recession for the world's leading economies, a leading global policy organization warned Monday.

US stocks end lower as traders worry about global growth

NEW YORK (AP) — The stock market had its biggest fall in two weeks as investors worried that the global economy could be slowing.

Strain of low oil prices apparent even at plush Gulf meeting

ABU DHABI, United Arab Emirates (AP) — On stage only a short time after the United Arab Emirates said it would increase its oil production despite low worldwide prices, the oil and gas minister of neighboring Oman didn't pull any punches.


FRIDAY, NOVEMBER 6
NASHVILLE AREA

Actor-politician Fred Thompson remembered for wit, sincerity

NASHVILLE (AP) - Former U.S. senator and actor Fred Thompson was remembered Friday for his booming voice, sense of humor and sincerity.

Final residents to leave Clover Bottom for small group homes

NASHVILLE (AP) - The last six residents of a 90-year-old Nashville facility for the disabled will relocate this month to small group homes.

Authorities investigate after Metro Council Greene shot, hospitalized

NASHVILLE (AP) - A Metro councilman was in the hospital Thursday after authorities say he was shot multiple times in west Nashville.

MIDSTATE

Judge dismisses Franklin claims against environmental group

NASHVILLE (AP) - A federal judge has blocked the city of Franklin's efforts to countersue an environmental group that is suing the wealthy municipality over pollution from its wastewater treatment plant.

STATEWIDE
MUSIC INDUSTRY

Consumers asked to be wary of ticket fraud

NASHVILLE (AP) - State officials are asking consumers to be wary of fraudulent ticket purchasing during the upcoming holiday season.

Pandora cuts direct deal with Sony/ATV; shares jump

LOS ANGELES (AP) — Internet radio service Pandora says it has reached a direct licensing deal for songwriting rights with Sony/ATV music publishing, the largest music publisher in the world.

Jason Aldean's music back on Spotify a year after removal

NASHVILLE (AP) — Country music's top digital male artist Jason Aldean has returned to Spotify a year after pulling out of the streaming service over concerns about fair compensation.

AUTO INDUSTRY

UAW reaches contract agreement with Ford as GM workers vote

DETROIT (AP) — The United Auto Workers union has reached a tentative contract agreement with Ford, a sign that union leaders expect General Motors workers to approve a similar four-year deal.

Toyota invests $1 billion in artificial intelligence in US

TOKYO (AP) — Toyota is investing $1 billion in a research company it's setting up in Silicon Valley to develop artificial intelligence and robotics, underlining the Japanese automaker's determination to lead in futuristic cars that drive themselves and apply the technology to other areas of daily life.

VW opposes union for 'micro unit' at Chattanooga plant

CHATTANOOGA (AP) — Attorneys for Volkswagen's lone U.S. factory in Tennessee on Tuesday argued against efforts by maintenance workers, who make up 12 percent of blue-collar workers at the plant, to seek a union election.

NATIONAL/INTERNATIONAL BUSINESS

US hiring surge raises likelihood of Fed rate hike

WASHINGTON (AP) — U.S. hiring swelled in October by the largest amount all year, and unemployment dropped another notch to 5 percent, increasing the likelihood that the Federal Reserve will raise interest rates next month for the first time in a decade.

Stocks end mixed as market factors interest rate hike

NEW YORK (AP) — U.S. stocks are closing mixed after a strong October jobs report prompted investors to position themselves for higher interest rates coming as early as next month.

While markets tumbled in the summer, many savers held tight

NEW YORK (AP) — When fear was pumping through the stock market this summer, most retirement savers kept their cool.

US hiring on fire in October with 271K new jobs; jobless rate falls to 5 pct.

WASHINGTON (AP) — U.S. hiring roared back in October after two weak months, with employers adding a robust 271,000 jobs and likely setting the stage for the Federal Reserve to raise interest rates next month.

The October US jobs report, by the numbers

WASHINGTON (AP) — The job market boomed in October. Employers added 271,000 jobs, and the unemployment rate fell to 5 percent, the lowest level in seven years.

Details of controversial Pacific trade deal are released

WASHINGTON (AP) — Details of a sweeping Pacific Rim trade deal released Thursday set the stage for a raucous debate in the U.S. Congress but also may provide reassurances to those who worried the agreement could gut protections for the environment, public health and labor.

Job creator or job killer? A look at the Pacific trade deal

WASHINGTON (AP) — The sweeping Pacific Rim trade deal now being debated would cover everything from Vietnamese labor unions to copyright protections to trade in sockeye salmon. With the details having been released Thursday, a furious dispute is expected in the United States and some of the 11 other countries that negotiated it.

Momentum builds for reviving Export-Import Bank

WASHINGTON (AP) — Congressional backers of the U.S. Export-Import Bank are close to reviving it four months after conservative foes ensured that its charter expired.

NATIONAL POLITICS

Obama quashes Keystone XL in bid to boost climate leverage

WASHINGTON (AP) — Ending a seven-year political saga, President Barack Obama killed the proposed Keystone XL pipeline on Friday, declaring it would have undercut U.S. efforts to clinch a global climate change deal at the center of his environmental legacy.

House votes to keep highway spending level, ignores warnings

WASHINGTON (AP) — Despite years of warnings that the nation's roads, bridges and transit systems are falling apart and will bring nightmarish congestion, the House on Thursday passed a six-year transportation bill that maintains the spending status quo.