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VOL. 39 | NO. 17 | Friday, April 24, 2015

Sounds like a hit for neighbors

New ballpark boosts area already teeming with new homes, restaurants, businesses

For months, sounds of construction surrounded the Nashville Sounds’ sparkling new First Tennessee Park in Germantown.

Nashville Sounds owner, players marvel at new park

Ten days before the Nashville Sounds’ scheduled home opener at their palatial new digs, First Tennessee Park in Germantown was still very much a work in progress.

Where to park for Nashville Sounds games

The parking and transportation map is available at www.nashvillesounds.com/parking.

VIEW FROM THE HILL

Lessons of Bible lost in lack of health care debate

Tennessee’s legislators spent hours this session arguing over guns and whether to pass a law making the Bible the state book of Tennessee.

Local Weather
Currently
Nashville, TN
52.0°F
Overcast
Wind: Calm mph
Humidity: 93%

EVENTS

Music City Spirits & Cocktail Festival. Music City Spirits & Cocktail Festival is a multi-day, citywide celebration of the rising spirits and cocktail culture that has grasped Nashville, TN over the past five years. Events through Sunday include:

more events »

STREET LEVEL

Wendell Smith’s: Charlotte Avenue's safe zone for sinners, saints

Other than the fact the roads outside – 53rd and Charlotte – are paved, not much has changed at Wendell Smith’s Corner, a monument to a short life well lived.

REALTY CHECK

Escalation clause adds to real estate craziness

How crazy is it out there (there being the residential real estate market, of course)?

REAL ESTATE

Top commercial real estate transactions for first quarter 2015

Top commercial real estate transactions, first quarter 2015, for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

TENNESSEE TITANS

Several reasons for Titans not to take Mariota in NFL Draft

As the NFL Draft edges ever closer, the Tennessee Titans appear to hold the key.

UT SPORTS

Kelly, Berry battle for safety spot in legacy showdown

Todd Kelly Jr. concludes his first spring practice with Tennessee’s football team this week in a heated competition for a safety job.

NEWSMAKERS

Bills joins Wiseman Ashworth Law Group

Attorney Anthony C. Bills has joined Wiseman Ashworth Law Group, PLC, as an associate.

BEHIND THE WHEEL

Lexus steps from comfort zone with sporty coupe

The latest from luxury automaker Lexus is an audacious-looking sport coupe that turns heads and challenges long-held stereotypes of Lexus cars as sedate, plush rides.

BUSINESS BOOK REVIEW

Fit to be Tyed: The Great Beanie Baby Bubble

Your broker thinks your portfolio needs more diversification. Take a little out of metals, he says, put it into tech. Move money from here, put it there. Sell manufacturing, buy oil. You hope that’s sound advice but you’ve noticed that he never uttered a word about stuffed animals. That’s a good thing, as you’ll see in “The Great Beanie Baby Bubble” by Zac Bissonnette.

GUERRILLA MARKETING

Spokesperson offers your business a bigger voice

Partnering with a brand spokesperson is a strategy for giving a larger voice to your message and allowing the positive feelings the market has for that spokesperson to transfer to your brand.

I SWEAR

When is the law that is the law not the law?

Once again, as Eli swung around the dark trees and onto the lawn, the children fled.” Philip Roth, in “Eli, the Fanatic” (1959).

KAY'S COOKING CORNER

Coocoo for coconut

One day not long ago, I was strolling leisurely through my favorite health food market. I wasn’t in any particular hurry, so I was able to stop and check out a few things instead of doing my usual hectic run-through, picking up only what was on my quickly scribbled list.

STATEWIDE

Lawyers' group to hold free legal clinics across Tennessee

NASHVILLE (AP) - People having trouble navigating the justice system and who can't afford a lawyer are invited to attend a series of legal clinics across the state.

AUTO INDUSTRY

Tokyo-based auto supplier to build new facility in Smyrna

SMYRNA (AP) - An auto supplier is spending more than $53 million to build a new manufacturing facility in Smyrna, Tennessee.

NASHVILLE AREA

Harvard professor, University School alum to speak at USN's centennial

NASHVILLE (AP) — A historic Nashville school that has produced a number of distinguished alumni is celebrating 100 years.

REAL ESTATE

$100 million for a home? Luxury buyers reach a new threshold

WASHINGTON (AP) — The poshest of luxury homes are acquiring the cachet of a masterwork by Picasso or Matisse.

Average US rate on 30-year mortgage rises to 3.68 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week, but remain near historic lows with the spring home-buying season underway and showing strong sales.

NATIONAL/INTERNATIONAL BUSINESS

US stocks drop as investors assess corporate earnings

NEW YORK (AP) — U.S. stocks traded lower Thursday as investors assessed the latest corporate earnings. Harman International, which makes audio systems for cars, and Yelp, an online listings company, fell sharply after posting weak earnings.

Applications for US unemployment aid plunge to 15-year low

WASHINGTON (AP) — The number of Americans seeking unemployment aid plummeted to the lowest level in 15 years last week, evidence that employers are laying off few workers despite a sharp slowdown in economic growth.

US wage growth shows signs of strength as hiring picks up

WASHINGTON (AP) — Paychecks for U.S. workers are rising at a faster pace as strong hiring in the past year has lowered the unemployment rate and increased competition for workers.

Spring awakening: US consumer spending rose in March

WASHINGTON (AP) — U.S. consumers boosted spending in March by the largest amount in four months, a hopeful sign that this key sector of the economy is reviving after a frigid winter.


WEDNESDAY, APRIL 29
MIDSTATE

General Mills to expand its Rutherford County operations

MURFREESBORO (AP) — Global food manufacturer General Mills is investing $250 million to expand its current operations in Rutherford County.

MTSU hosts event for girls interested in science and math

MURFREESBORO (AP) — Middle and high school girls interested in math and science are eligible to participate in a conference at Middle Tennessee State University in Murfreesboro.

Live Nation buys stake in Bonnaroo music festival

NEW YORK (AP) — Concert promoter and ticket seller Live Nation said Tuesday that it bought a controlling stake in annual music festival Bonnaroo.

COURTS

Court: Judges can review EEOC efforts to settle job bias

WASHINGTON (AP) — A unanimous Supreme Court ruled Wednesday that federal judges have authority to make sure the Equal Employment Opportunity Commission is trying hard enough to settle charges of job discrimination before filing lawsuits against employers.

REAL ESTATE

Pending US home sales increase in March

WASHINGTON (AP) — More Americans signed contracts to buy homes in March, the third straight month of gains as housing heats up with the start of the spring buying season.

AUTO INDUSTRY

UAW reports 55 percent membership at VW plant in Chattanooga

NASHVILLE (AP) — The United Auto Workers union has 816 members at the Volkswagen plant in Tennessee, or about 55 percent of the total blue collar work force, according the union's latest disclosure with the U.S. Department of Labor.

Volkswagen profit up 19 pct on cost-cutting, Europe recovery

FRANKFURT, Germany (AP) — German automaker Volkswagen said first-quarter profit rose 19 percent from a year ago as cost-cutting improved profit margins at its namesake brand and as European car sales showed a modest recovery.

TECHNOLOGY

Microsoft makes its case for Windows 10

SAN FRANCISCO (AP) — Microsoft figures one way to get people psyched about Windows 10 is to make sure there are plenty of cool features and apps for smartphones and tablets that use the new operating system.

NATIONAL/INTERNATIONAL BUSINESS

Noting slower economy, Fed appears no closer to a rate hike

WASHINGTON (AP) — The Federal Reserve took a gloomier view of the U.S. economy Wednesday after a winter in which growth nearly froze. It offered no sign that a rate increase might be coming soon.

US economy barely grew in first quarter

WASHINGTON (AP) — The U.S. economy skidded to a near halt in the first three months of the year, battered by a triple whammy of harsh weather, plunging exports and sharp cutbacks in oil and gas drilling.

US stocks end lower following weak economic growth

NEW YORK (AP) — Stocks are closing lower as traders react to weak U.S. economic growth.

Bond fund giant Pimco hires Bernanke as adviser

NEW YORK (AP) — Pimco has hired former Federal Reserve Chairman Ben Bernanke as a senior adviser, the bond fund manager said Wednesday.

US seeks criminal charges against Lumber Liquidators

TOANO, Va. (AP) — The Justice Department is seeking criminal charges against Lumber Liquidators in an ongoing investigation over imported products.

NATIONAL POLITICS

Japan PM to make historic address to Congress, talk trade

WASHINGTON (AP) — Prime Minister Shinzo Abe will seek support for a trans-Pacific trade pact that has divided U.S. lawmakers as he makes the first address by a Japanese leader to a joint meeting of Congress.


TUESDAY, APRIL 28
NASHVILLE AREA

Nashville airport to conduct full-scale emergency drill

NASHVILLE (AP) - Nashville International Airport is conducting a full-scale emergency drill this weekend simulating two airplanes colliding on the runway.

COURTS

Tenn. coalition asks court not to release rape case records

NASHVILLE (AP) — Four victims' rights groups are asking the Tennessee Supreme Court to rule against a coalition of news media organizations, including The Associated Press, that is fighting to get access to some of the records in a high-profile rape case involving four former Vanderbilt University football players.

STATEWIDE

Some parents unhappy with closure of virtual school

NASHVILLE (AP) — Some parents say they don't think it's fair that the troubled Tennessee Virtual Academy has to close.

HEALTH CARE

Genetic testing moves into world of employee health

Your employer may one day help determine if your genes are why your jeans have become too snug.

REAL ESTATE

US home prices accelerated in February as sales rise

WASHINGTON (AP) — U.S. home prices climbed at a faster pace in February than the previous month, driven by higher sales and a limited supply of available houses.

MIDSTATE

Doctor's license revoked for patient relationship

NASHVILLE (AP) - A published report says a Middle Tennessee doctor accused of infractions similar to those of U.S. Rep. Scott DesJarlais has received a more severe punishment.

AUTO INDUSTRY

EU to require cars to have automatic emergency call systems

BRUSSELS (AP) — All new vehicles in the European Union will have to be fitted as of 2018 with a system that automatically calls the emergency services in case of an accident.

TECHNOLOGY

Forget the watch: Apple's iPhones are still the main event

SAN FRANCISCO (AP) — The iPhone is still the engine behind Apple's phenomenal success, even if attention lately has been focused on its new smartwatch.

NATIONAL/INTERNATIONAL BUSINESS

NFL relinquishing tax-exempt status

WASHINGTON (AP) — The National Football League is giving up its tax-exempt status, which Commissioner Roger Goodell called a "distraction."

US consumer confidence slides in April

WASHINGTON (AP) — U.S. consumer confidence fell this month to the lowest level in four months, knocked down by a slowdown in hiring.

Stocks end mostly higher as company earnings reports pour in

NEW YORK (AP) — Stocks posted modest gains Tuesday as investors worked through another large batch of earnings reports.

Groups want review of Shell's Arctic regulatory filings

ANCHORAGE, Alaska (AP) — Two groups petitioned the U.S. Securities and Exchange Commission on Monday for an investigation of Royal Dutch Shell PLC and what the groups call misstatements in regulatory filings regarding the risk of a catastrophic oil spill from Arctic offshore drilling.

NATIONAL POLITICS

Obama, Abe declare progress, but no breakthrough, on trade

WASHINGTON (AP) — President Barack Obama and Japanese Prime Minister Shinzo Abe declared progress Tuesday in trade talks between their two nations, stopping short of announcing a breakthrough in negotiations that are central to a massive 12-nation trade deal that would open markets around the Pacific rim to U.S. exports.

House GOP bill blocks new air flights, cruise ships to Cuba

WASHINGTON (AP) — House Republicans unveiled legislation on Tuesday to sharply curb the Obama administration's recent moves to ease restrictions on travel to Cuba.


MONDAY, APRIL 27
STATEWIDE

Police: Tennessee slayings up by nearly 10 percent last year

NASHVILLE (AP) - A report released by the Tennessee Bureau of Investigation shows the number of reported homicides across the state increased by nearly 10 percent last year, even as other crimes decreased.

Haslam promoting free-tuition plan for Tennessee adults

NASHVILLE (AP) — Gov. Bill Haslam is continuing to promote his free-tuition plan for Tennessee adults.

NASHVILLE AREA

West Tennessee attorney to discuss murder of NAACP member

NASHVILLE (AP) — A West Tennessee attorney will be in Nashville on Monday to discuss his research on an NAACP member who was killed in Brownsville nearly 75 years ago.

AUTO INDUSTRY

VW chairman quits, but questions over future remain

FRANKFURT, Germany (AP) — Volkswagen's patriarch has left the building. Does this mean change is coming to the world's No. 2 automaker — in particular, to its high-cost ways of doing business?

GM ignition switch death toll rises to 90

DETROIT (AP) — Families of at least 90 people killed in crashes caused by defective General Motors ignition switches will get compensation from the automaker.

TECHNOLOGY

ESPN suing Verizon over unbundling of its sports channel

NEW YORK (AP) — ESPN is suing Verizon in an escalating clash over how the popular sports channel is being sold in a discounted pay-TV package.

COURTS

High court to consider lawsuits over personal data

WASHINGTON (AP) — The Supreme Court said Monday it will decide whether Web sites and other firms that collect personal data can be sued for publishing inaccurate information even if the mistakes don't cause any actual harm.

NATIONAL/INTERNATIONAL BUSINESS

With economy uncertain, no Fed rate hike is seen before fall

WASHINGTON (AP) — For 6½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it.

Unhealthy ending: Stocks fall as health care shares weigh

NEW YORK (AP) — U.S. stocks are closing lower as health care companies weigh on the market and investors await a flood of earnings reports.

US gas prices jump 13 cents a gallon; could go slightly up

CAMARILLO, Calif. (AP) — The average national price of a regular gallon of gasoline has jumped 13 cents in the past two weeks to $2.58.

Starbucks breakdown shows how registers have evolved

NEW YORK (AP) — A glitch that disabled registers at thousands of Starbucks stores Friday was a reminder of the invisible systems restaurants rely on to run increasingly sophisticated operations.


FRIDAY, APRIL 24
STATE LEGISLATURE

Haslam signs bill to allow guns in all Tennessee parks

NASHVILLE (AP) - Local governments in Tennessee can no longer bar people with handgun carry permits from bringing firearms to parks, playgrounds and sports fields under legislation signed Friday by Republican Gov. Bill Haslam.

Haslam to decide this week on Tennessee guns-in-parks bill

NASHVILLE (AP) - Republican Gov. Bill Haslam said Thursday that he will decide this week whether to sign a bill to allow people with handgun carry permits to be armed in city parks near schools.

Defeat of Insure Tennessee proposal set tone in 2015 session

NASHVILLE (AP) - The defeat of Gov. Bill Haslam's proposal to extend health coverage to 280,000 low-income Tennesseans set the tone for the 2015 session of the state Legislature.

NASHVILLE AREA

Police: Security will be tight for County Music Marathon

NASHVILLE (AP) - Police are warning that security will be tight and road closures could cause traffic delays during Saturday's Country Music Marathon.

Big lineup announced for Nashville's new amphitheater

NASHVILLE (AP) — Nashville's new riverfront amphitheater will open July 30 with a headline show by seven-time Grammy nominee Eric Church, ushering in an inaugural outdoor concert season featuring big names from past and present.

Sex club seeks Nashville blessing by vowing to be a church

NASHVILLE (AP) - A Nashville swingers club has undergone a conversion - it says it's now a church - in order to win city approval so it can open next to a Christian school.

Jeni's Splendid Ice Creams shuts down amid listeria scare

WASHINGTON (AP) — A second ice cream company has shut down production this week after health officials found listeria in a sample of its frozen treats.

Nashville eyed as new Hardee's headquarters

ST. LOUIS (AP) — Hardee's is considering moving its headquarters out of downtown St. Louis, perhaps to Nashville, Tennessee.

AUTO INDUSTRY

Harley recalls nearly 46,000 motorcycles

DETROIT (AP) — Harley-Davidson is recalling nearly 46,000 motorcycles in the U.S. because they could stay in gear due to clutches that won't fully disengage.

Ford to lay off 700 workers due to slow car sales

DETROIT (AP) — Ford Motor Co. said Thursday it's laying off 700 workers at a Michigan assembly plant because of slow sales of the small cars and hybrids it makes.

Car buyers think big in 1Q, boosting profit at GM

DETROIT (AP) — Encouraged by lower gas prices, consumers in the U.S. spent big in the first quarter on vehicles that carry lots of passengers and cargo — and deliver hefty profit margins for General Motors.

TECHNOLOGY

First lady: Tech industry to train, hire 90,000 veterans

MANASSAS, Va. (AP) — Michelle Obama says the technology industry has committed to hiring or training 90,000 military veterans and spouses over the next five years.

NATIONAL/INTERNATIONAL BUSINESS

Durable goods orders up, but business investment falls again

WASHINGTON (AP) — Purchases of long-lasting manufactured goods in March jumped by the largest amount in eight months, but a closer look at the details reveals that businesses kept pruning their investment plans in the face of a softening U.S. economy.

Stocks rise on tech earnings; Nasdaq adds to record

NEW YORK (AP) — Stocks advanced slightly Friday as investors cheered the quarterly results of three large technology companies: Google, Microsoft and Amazon.

Nasdaq Record: Then and Now

NEW YORK (AP) — Fifteen years after peaking during the dot-com boom, the Nasdaq composite has reached a new all-time high.

Comcast abandons Time Warner Cable bid after gov't pushback

NEW YORK (AP) — What killed Comcast's $45 billion bid for Time Warner Cable? Regulators' desire to protect the Internet video industry that is reshaping TV.

Comcast deal may be dead, but cable consolidation will go on

NEW YORK (AP) — Even if Comcast's $45.2 billion bid for Time Warner Cable is dead, consolidation among the companies that pipe in our TV, phone and Internet will carry on.

BYOB: It's Brew Your Own Beer at some colleges

POMONA, Calif. (AP) — A bachelor's in beer? A master's in malt? Not quite. But these days some colleges are teaching students to make beer as part of their studies.

NATIONAL POLITICS

Obama's trade agenda set to face House Democrats' objections

WASHINGTON (AP) — House Republicans pushed White House-backed trade legislation toward committee approval on Thursday despite strong objections by Democrats demanding stronger labor and environmental standards as well as a ban on currency manipulation by Asian nations.

House passes 2nd bill to help companies fight cyberattacks

WASHINGTON (AP) — The House passed a bill Thursday encouraging private companies to share information about cyberattacks with federal authorities in an attempt to combat the growing problem.

Cheaper fuel has airlines soaring to record profits

DALLAS (AP) — For airlines, the record profits keep coming, thanks to cheaper jet fuel.

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