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VOL. 39 | NO. 23 | Friday, June 5, 2015

CMA Fest a blast for artists, merchants

The Glimmer Twins wannabe in the white cowboy hat and the 21-year-old blonde who has worked her tail off to climb from the audience to one of the main stages at CMA Music Festival display different but genuine levels of excitement about Music City’s biggest week.

Bonnaroo success ‘testament to the community’

Knoxville music promoter Ashley Capps – a big part of the brain trust that created Bonnaroo – really never needed the media to make the annual music and arts festival a success.

Bonnaroo, CMA Fest overlap presents problems

With CMA Music Fest and Bonnaroo on the same four-day weekend, it will be tough for a fan to catch Rubblebucket down in the field in Manchester and, say, Florida Georgia Line at LP Field.

Downtown business owners love CMA Fest

It’s the business she’s chosen, and being a multi-bar owner gives Brenda Sanderson a unique perspective on what used to be called Fan Fair, a blue-collar celebration that has gradually been transformed into Nashville’s main culture festival and all-inclusive calling card.

Opry has become big part of CMA Fest

The relationship between the Grand Ole Opry – the 90-year-old radio program and down home variety show – and CMA Music Fest is a pretty simple formula.

Local Weather
Currently
Nashville, TN
65.0°F
Partly Cloudy
Wind: North at 8.1 mph
Humidity: 45%

EVENTS

Friday night Zoo Outdoor Movie Series. Nashville Zoo’s outdoor movie series. Guests can pack a picnic, put down a blanket and enjoy “Ice Age” as the sun goes down. Zoovies take place after the Zoo closes at 6 p.m. Guests can enjoy inflatables and games, face painters and rides on the Wild Animal Carousel. Additional dates include:

more events »

Music festival security details

Metro Police, the Tennessee Highway Patrol and the Coffee County Sheriff’s Office will be plenty busy during the time of the dueling festivals.

REALTY CHECK

Inspector anxiety bites both buyers and sellers

Almost all home sales stipulate that a home inspector will evaluate the condition of the house. The person who coined the “fine-toothed comb” phrase may well have had visions of these detectives crawling into places fit neither for man nor beast and ascending high into the heavens shingle by shingle.

VIEW FROM THE HILL

State employment policies not great recruiting tools

If job security is your goal, working for the state might not be such a good idea.

NEWSMAKERS

Health care veteran joins Clayton Associates

Clayton Associates, a Nashville-based private investment firm, has added Charles Hagood, founder and former president of Healthcare Performance Partners, as an affiliate to the firm’s consulting arm, Clayton Advisors.

BEHIND THE WHEEL

Sierra All Terrain: Tough truck, office on wheels

Trucks aren’t bare-bones workhorses anymore, and GMC’s new Sierra HD All Terrain pickup proves it.

GUERRILLA MARKETING

Sales, marketing alignment drives revenue growth

Teamwork. Every highly successful team gets just how important it is to propelling an organization forward.

THE WORLDLY INVESTOR

Is it finally time for Fed to hike interest rates?

We have now entered the Fed’s target time zone to raise rates.

CAREER CORNER

Job search pendulum swings toward workers

As the economy continues to improve, employers are beginning to think of what they can do to attract and retain the best talent.

I SWEAR

Singing, dancing through Arkansas, Mississippi

In the afternoon of Thursday before Mother’s Day, I drive southeast. I stop at a certain spot in White Hall, Arkansas, and pick up a mess of fried chicken.

KAY'S COOKING CORNER

Restful weekend, great salad a good combo

I hope everyone enjoyed the Memorial Day weekend. Ours was downright relaxing: Hubby and I holed up in a cabin at Mt. Magazine State Park.


WEDNESDAY, JUNE 10
NATIONAL/INTERNATIONAL BUSINESS

US stocks move higher, building on gains from the day before

NEW YORK (AP) — U.S. stocks rose Thursday after an encouraging report on retail sales suggesting consumers are shaking off their winter doldrums. Eight of the 10 industry sectors of the Standard & Poor's 500 index rose.

US household wealth reaches new high of nearly $85 trillion

WASHINGTON (AP) — A rising stock market and climbing home prices boosted Americans' net worth to a new high in the first three months of the year.

Federal regulators go after crowdfunding scam

WASHINGTON (AP) — Federal regulators are going after people who raise money online through crowdfunding sites like Kickstarter and GoFundMe but don't follow through on their promises.

Applications for US jobless aid remain low at 279,000

WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose slightly last week, yet remained at a historically low level that points to a healthy job market.

Average US rate on 30-year mortgage jumps to high for year

WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped this week to their highest levels this year, with the key 30-year rate topping 4 percent for the first time since late 2014.

US retail sales jump in May as jobs boost spending

WASHINGTON (AP) — Americans ramped up their spending on autos, building materials and clothing in May, a sign that strong job growth is starting to boost retail sales.

Whole Foods: New concept to take name of '365' house brand

NEW YORK (AP) — Whole Foods says it will name its new chain of smaller stores with lower prices after its "365 Everyday Value" house brand.

NATIONAL POLITICS

House votes to repeal country-of-origin labeling on meat

WASHINGTON (AP) — Under threat of trade retaliation from Canada and Mexico, the House has voted to to repeal a law requiring country-of-origin labels on packages of beef, pork and poultry.

GOP leaders ready to push Obama trade bill to crucial vote

WASHINGTON (AP) — House Republican leaders are preparing a major two-day debate and ultimate showdown vote Friday on President Barack Obama's trade agenda, despite heavy Democratic opposition.

Rupert Murdoch's son to take over as 21st Century Fox CEO

NEW YORK (AP) — Rupert Murdoch is preparing to hand over the CEO job at Twenty-First Century Fox Inc. to his son, James, the company's news channel Fox News reported Thursday.

NASHVILLE AREA

Uber to offer helicopter rides to Bonnaroo this weekend

NASHVILLE — Uber, the ride-hailing service provider, has announced they will offer helicopter rides to the Bonnaroo Music and Arts Festival this weekend.

HEALTH CARE

Johnson & Johnson starts project to prevent Type 1 diabetes

TRENTON, N.J. (AP) — Johnson & Johnson has begun a research partnership to find the root cause of Type 1 diabetes and stop the hormonal disorder in its tracks. It's the health care giant's first project under its ambitious initiative to prevent or at least intercept and reduce harm from many diseases.


TUESDAY, JUNE 9
NATIONAL/INTERNATIONAL BUSINESS

US stocks rally, breaking a weeklong losing streak

NEW YORK (AP) — Signs of progress in negotiations over Greece's debts helped launch a stock market rally Wednesday, snapping a weeklong slump.

US budget deficit drops to $82.4 billion in May

WASHINGTON (AP) — The U.S. budget deficit for May dropped sharply from the level a year ago but much of the improvement reflected a calendar quirk.

EPA says it intends to regulate emissions by US airliners

WASHINGTON (AP) — The government is proposing to regulate aircraft emissions in much the same way as power plants, saying they are a threat to human health because they contain pollutants that help cause global warming and therefore should be regulated.

Organized labor takes gamble by battling Obama's trade bill

WASHINGTON (AP) — Organized labor's fierce opposition to President Barack Obama's trade agenda threatens to split the political left and deal a new blow to unions if the president prevails in a House vote that could come this week.

NASHVILLE AREA

Google Fiber construction begins in Nashville

NASHVILLE — Google has started to install its high-speed fiber network in Nashville.

Nashville Music City Center abuzz with 100,000 bees on roof

NASHVILLE (AP) — Nashville's Music City Center is now home to 100,000 bees as part of the venue's sustainability initiative.

STATEWIDE

Half of 2K buyout applications targeted at 2 Tenn. agencies

NASHVILLE (AP) — More than half of the 2,000 buyout applications offered to state employees have been sent to workers in two state agencies: the departments of transportation and human services.

Tennessee sales tax revenue increases 9 percent in May

NASHVILLE (AP) — Tennessee Finance Commissioner Larry Martin says the state's overall revenue collections in May were $50 million more than expected.

State to test people in contact with rare TB

NASHVILLE (AP) — The Tennessee Department of Health says people who may have been in contact with a woman with a rare and deadly form of tuberculosis will be tested.

Admissions to Nashville nursing home suspended

NASHVILLE (AP) — Tennessee Health Commissioner John Dreyzehner has suspended new admissions to a nursing home in Nashville.

Tennessee hemp farmers start planting highly regulated seeds

JONESBOROUGH (AP) — Farmers in Tennessee have started receiving highly regulated hemp seeds to produce the state's first legal harvest of the crop in more than 70 years.

HEALTH CARE

Walgreens, insurers push expansion of virtual doctor visits

Walgreens expects to reach about half the country by the end of the year with a new service that lets people see doctors for minor ailments without leaving home, through smartphone, tablet or computer.


MONDAY, JUNE 8
NATIONAL/INTERNATIONAL BUSINESS

US stocks drift mostly lower; Treasury rates rise

NEW YORK (AP) — Major stock indexes are drifting mostly lower in afternoon trading Tuesday. Bond prices fell, driving a benchmark interest rate to its high for the year. Crude oil closed higher.

Greece makes new proposals to end bailout impasse

ATHENS, Greece (AP) — Greece has made new proposals aimed to end a long standoff with international bailout creditors and unlock vitally needed rescue funds, officials in Athens and Brussels said Tuesday.

GE takes step away from banking with $12 billion deal

GE takes step away from banking with $12 billion deal

US stockpiles rise in April as sales surge

WASHINGTON (AP) — U.S. wholesalers boosted their stockpiles in April by the largest amount since January, while their sales increased at the fastest pace in 13 months.

Number of US job openings jumped to a 15-year high in April

WASHINGTON (AP) — U.S. employers advertised the most open jobs in April than at any time in the 15 years that the government has tracked the data, a sign that this year's steady hiring will likely continue.

Airline group suggests smaller carry-on bags to free up bins

NEW YORK (AP) — Millions of fliers might soon want to buy new carry-on suitcases.

HSBC slashes jobs as it shifts focus further to Asian roots

LONDON (AP) — HSBC Holdings, Europe's largest bank by market value, will cut up to 25,000 jobs globally to reduce costs and shift its center of gravity further toward the fast-growing Asian economies where it started operations 150 years ago.

TECHNOLOGY

Apple Music brings change to streaming, but is it enough?

Apple Music brings change to streaming, but is it enough?When Apple launches its Apple Music streaming service at the end of June, it will affect things big and small in the music industry.

AUTO INDUSTRY

GM CEO rejects Fiat Chrysler merger talks

DETROIT (AP) — General Motors CEO Mary Barra says the company doesn't need to merge with Fiat Chrysler to take advantage of economies of scale in building cars.

STATEWIDE

TBI study sheds light on domestic violence in Tennessee

NASHVILLE (AP) — A recent study by the Tennessee Bureau of Investigation shows domestic violence resulted in 270 murder victims in Tennessee from 2012 to 2014.

STATE LEGISLATURE

Haslam calls on locals to influence 'changing Legislature'

NASHVILLE (AP) — Gov. Bill Haslam is appealing to officials from Tennessee cities and towns to help influence what he describes as a "changing Legislature."


FRIDAY, JUNE 5
NATIONAL/INTERNATIONAL BUSINESS

US stocks end lower, pushing Dow into the red for the year

NEW YORK (AP) — The Dow Jones industrial average slipped into the red for the year on Monday as stocks extended their slump.

AP analysis: Companies 'adjust' profits more in their favor

NEW YORK (AP) — Those record profits that companies are reporting may not be all they're cracked up to be.

Apple wants a lead role in streaming music

SAN FRANCISCO (AP) — Apple's iTunes helped change the way music-lovers bought their favorite songs, replacing plastic discs with digital downloads. Now the maker of iPods and iPhones wants to carve out a leading role in a revolution well under way, with a new, paid streaming-music service set to launch this summer.

McDonald's sales slump continues in May

OAK BROOK, Ill. (AP) — McDonald's says that a key sales measurement dipped in May, with weakness in the U.S. and some overseas markets.

Obama: Greece must undertake reforms in bailout standoff

ELMAU, Germany (AP) — President Barack Obama says the Greek government must undertake economic reforms that will require tough political choices to resolve a standoff over an international bailout and protect global financial markets.

AUTO INDUSTRY

Musk says Model X SUV will be delivered in 3-4 months

MOUNTAIN VIEW, Calif. (AP) — Tesla Motors CEO Elon Musk says the company expects to start deliveries of its new SUV, the Model X, in three or four months.

Death toll from defective GM ignition switches rises to 111

DETROIT (AP) — The death toll from faulty ignition switches in small cars made by General Motors has risen by 2 to 111.

STATEWIDE

Alexander seeks to preserve James K. Polk home

COLUMBIA — The Columbia, Tennessee, home of former President James K. Polk is a step closer to becoming a national treasure.

NASHVILLE AREA

TriStar Skyline trauma center fails first-year test

NASHVILLE (AP) — The Tennessee Board of Licensing Health Care Facilities has given a new trauma unit at Nashville's TriStar Skyline Medical Center a second chance despite failing its first-year test.

REAL ESTATE

US regulators warn: Ads for reverse mortgages can mislead

WASHINGTON (AP) — We've seen the TV ad pitches from celebrities like "The Fonz" Henry Winkler and actor and ex-senator Fred Thompson, touting the benefits of reverse mortgages for older homeowners.

Average US rate on 30-year mortgage stays at 3.87 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates were flat to slightly lower this week, remaining near their highest levels so far this year.

NATIONAL/INTERNATIONAL BUSINESS

US stocks head lower as Greece talks remain stuck

NEW YORK (AP) — Uncertainty surrounding Greece's debts helped knock the U.S. stock market lower Thursday as an impasse between Greece and its creditors dragged on. The drop put major indexes on track for a weekly loss. Oil and gas stocks had some of the biggest losses as the price of crude sank 3 percent.

To hike or not to hike? IMF urges Fed to delay rate increase

WASHINGTON (AP) — What's the hurry? The International Monetary Fund on Thursday urged the Federal Reserve to put off raising short-term interest rates until next year because the U.S. economy still needs help.

Why World Cup sponsors aren't bailing out

NEW YORK (AP) — How much scandal is too much scandal? With billions of dollars at stake and few other ways to tap into the global love of soccer, FIFA sponsors like Adidas, Coke and McDonald's are likely to hang onto their marketing deals and try to weather the scandal that has tarnished soccer's governing body.

NATIONAL POLITICS

Pelosi: GOP must find more votes for Obama's trade agenda

WASHINGTON (AP) — The House's top Democrat said Thursday that President Barack Obama can count on only a small number of Democrats to back his ambitious trade agenda, and Republicans must supply the rest. But the top House Republican said Obama must procure more Democratic support.

NATIONAL/INTERNATIONAL BUSINESS

5 reasons why US employers are showing confidence in economy

WASHINGTON (AP) — Employers last month delivered a vote of confidence in the U.S. economy.

US consumer borrowing up $20.5 billion in April

WASHINGTON (AP) — Consumer borrowing surged again in April, helped by the largest gain in credit card borrowing in a year.

Burst of hiring drives US bonds lower; stocks slip

NEW YORK (AP) — A burst of hiring last month led to a drop in the bond market Friday as traders placed bets that the Federal Reserve would raise interest rates later this year. Despite the good economic news, the stock market drifted to another loss, finishing lower for the second week in a row.

Strong jobs report jolts bond market, pushing yields higher

NEW YORK (AP) — It's been a tough week for bond investors.

Fed Chair Yellen won't provide some documents in leak probe

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen is balking at turning over some of the documents ordered by a key House lawmaker in his investigation of a possible leak of market-sensitive information.

Global stocks lower after Greece delays IMF payments

LONDON (AP) — Greece's decision to bundle together its upcoming repayments to the International Monetary Fund roiled financial markets Friday as investors fretted over the possibility of a Greek debt default and the country's exit from the euro. U.S. jobs figures later will provide investors with a distraction from the mounting uncertainty over Greece's financial future.

Wal-Mart names new board chairman, keeps job in family

FAYETTEVILLE, Ark. (AP) — Wal-Mart is passing the chairmanship of the world's largest retailer from one family member of the late founder Sam Walton to another.

Greece faces risk of early elections amid bailout standoff

ATHENS, Greece (AP) — Greece faced the risk of early elections, adding new uncertainty to its crisis, as many in the ruling radical left party said Friday there was no way they would agree to the budget cuts creditors are demanding in exchange for rescue loans.

OPEC agrees to keep output target at 30 mln barrels a day

VIENNA (AP) — OPEC decided to keep its output target at 30 million barrels a day Friday but left it to members to restrain their overproduction, reflecting the cartel's inability to strictly enforce its own limits in attempts to control the world supply of crude.

NASHVILLE AREA

Nashville early voting sites axed unless more funding added

NASHVILLE (AP) — Unless more funding is acquired, the Davidson County Election Commission is prepared to cut the number of early voting sites in Nashville's general election from 11 to one.

Leading bakery products producer to build new Lebanon plant

NASHVILLE — A leading bakery products producer is investing $103 million to open a new manufacturing facility in Wilson County that's expected to create 147 jobs.

STATEWIDE

Pilot Flying J reviewing wine sales at Tenn. truck stops

KNOXVILLE (AP) — The truck stop chain owned by the family of Gov. Bill Haslam is reviewing whether to offer wine and high-alcohol beer at its Tennessee stores under a new state law.

AUTO INDUSTRY

Google will make monthly reports on self-driving cars

NEW YORK (AP) — Google will release monthly reports on the performance of its self-driving cars, and it disclosed summaries of the 12 accidents that involved the vehicles.

US probes complaints that Jeep SUVs brake for no reason

DETROIT (AP) — U.S. safety regulators are investigating complaints that the autonomous braking system on newer Jeep Grand Cherokees can come on for no reason, increasing the risk of rear-end crashes.

Safety agency admits flaws, starts reforms after GM case

DETROIT (AP) — The U.S. government's auto safety agency acknowledged Friday that staffers' failure to understand technology and lack of skepticism prevented them from rooting out a deadly problem with General Motors ignition switches for more than a decade.

Mazda adds 540,000 vehicles to Takata air bag recall

DETROIT (AP) — Mazda is recalling nearly 540,000 older cars and pickup trucks in the U.S. and Canada, adding to the growing list of models under recall for air bags that potentially can explode with too much force.

HEALTH CARE

400-person health care call center opening in Memphis

MEMPHIS (AP) — A technology-driven health care services company announced plans to open a 400-employee call center in Memphis staffed mainly with insurance agents.

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