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VOL. 39 | NO. 29 | Friday, July 17, 2015

Vols, Titans fight to fill empty stadium seats

Pro, college athletic programs search for solutions

When it comes to giving the consumer what it wants, few sports programs can match University of Tennessee football.

Colleges, pro franchises seek strategies to keep millennials interested

UT and Vanderbilt are accustomed to tough competition from Tuscaloosa, Athens and Gainesville. Likewise, the Titans must deal with the Colts, Steelers and Ravens.

For VU’s Williams, it’s not all about game-day attendance

Vanderbilt, the smallest and only private school in the SEC, has always lagged the league in attendance.

New park, new affiliation deliver for Sounds

Engagement. Wedding. Honeymoon. That pretty much describes the past year for general manager Garry Arthur and the Class AAA Sounds, who are proudly flashing a sparkling new diamond just north of downtown Nashville.

Success spurs attendance for Predators

Declining attendance was an issue for the Nashville Predators several years ago, but the NHL franchise is no longer skating on thin ice. In fact, they are an excellent example of how an ownership change and recommitment to its core values can turn things around.

Local Weather
Currently
Nashville, TN
51.0°F
Partly Cloudy
Wind: Northeast at 4.6 mph
Humidity: 56%

EVENTS

Portland’s Music on Main. Bucky Covington will perform at this free event, which begins tonight at 7. Attendees are encouraged to bring lawn chairs.

more events »

VIEW FROM THE HILL

‘The Fighting 26’ Democrats work to stay relevant

Sometimes Tennessee Democrats must feel like a tree that falls in the forest: Does anyone hear them?

REALTY CHECK

Beware of potential buyers at your door

It’s a little early for Halloween, but that’s not stopping adults dressed as real estate professionals from knocking on doors and looking for handouts.

REAL ESTATE

Middle Tennessee real estate trends for Q2 2015

Second quarter 2015 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Middle Tennessee real estate trends for June 2015

June 2015 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

US average rate on 30-year home loans rises to 4.09 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week, reaching highs for the year as investor anxiety over economic turbulence abroad moderated.

NEWSMAKERS

Caputo appointed to American Chamber post

Christopher M. Caputo of Baker Donelson has been appointed by the American Chamber of Commerce in Italy as the organization’s local representative in Alabama, Georgia, Louisiana and Tennessee.

BEHIND THE WHEEL

2015 VW Golf SportWagen sips fuel, is affordable

Those who don’t like sports utility vehicles but who crave their space and versatility have a nice new alternative: the 2015 Volkswagen Golf SportWagen.

BUSINESS BOOK REVIEW

You have more career control than you think

There’s no way you were ever the Rotten Egg.

GUERRILLA MARKETING

Six best practices to boost sales staff efficiency

Thomas Watson, president of IBM in the 1950s, insightfully declared, “Nothing happens until a sales is made.”

CAREER CORNER

New tricks: How to change careers later in life

This week, a reader reached out to me with a question many people are facing.

I SWEAR

Pocket change: Column morphs into song lyrics

Recently I wrote a song titled “Some Change.” Literally, the song is about a guy whose gal has not come home: “Thirty minutes past midnight. Where could you be?”

KAY'S COOKING CORNER

Mail-order meals deliver; leftovers missed

Last week, I wrote about two websites, BlueApron.com and HelloFresh.com, which deliver ready-to-cook meals to your doorstep. Curious as I am, I ordered from both of them to see what they’re like.

NASHVILLE AREA

Nashville pastor raising money to build tiny homes for homeless

NASHVILLE (AP) — A Nashville pastor who is working to raise $50,000 to build a community of tiny homes for the homeless is nearing his goal.

REAL ESTATE

Average US rate on 30-year mortgage falls to 4.04 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week, retreating from highs for the year and amplifying the incentive for prospective home buyers.

AUTO INDUSTRY

GM tops 2Q profit forecasts on trucks, SUVs

DETROIT (AP) — Big profits from trucks and SUVs helped General Motors overcome a sales slowdown in China, economic problems in Venezuela and payments to ignition switch crash victims as the automaker's second-quarter net income rose sixfold to nearly $1.12 billion.

Volkswagen's Chattanooga plant builds 500,000th Passat

CHATTANOOGA (AP) — Volkswagen's Chattanooga plant has completed its 500,000th Passat.

Ferrari parent company files for share listing on NYSE

MILAN (AP) — Ferrari's parent company has filed an initial public offering to list shares of the luxury sports car brand on the New York Stock Exchange.

NATIONAL/INTERNATIONAL BUSINESS

Gauge of future health of economy up 0.6 percent in June

WASHINGTON (AP) — An index designed to predict the future health of the U.S. economy posted another solid increase in June, providing further hope that the economy will gain momentum in the second half of this year.

US stocks move mostly lower on earnings

U.S. stocks veered lower in midday trading Thursday, weighed down by disappointing earnings and outlooks from big several companies, including American Express, Caterpillar and 3M. Utilities were among the biggest decliners. The slide has the stock market on course for its third down day in a row.

Applications for US unemployment aid plummet to 42-year low

WASHINGTON (AP) — The number of people seeking U.S. unemployment aid plunged last week to the lowest level in nearly 42 years, evidence that employers are holding onto their staffs and likely hiring at a steady pace. Yet the drop also reflects seasonal volatility in the data.

Pew: Chinese stay optimistic in an otherwise gloomy world

WASHINGTON (AP) — Despite a recent slowdown, the Chinese feel better about their economy than people in any other country.

Greece clears final reform hurdle before new bailout talks

ATHENS, Greece (AP) — Greece's radical left-led government survived another revolt by rebels in the early hours of Thursday, passing reforms that should pave the way for the imminent start of bailout discussions with European creditors.

Comcast adds Internet customers; box office pumps up revenue

NEW YORK (AP) — Despite a slowdown in subscriber growth, the Internet is still propelling Comcast.

EU opens antitrust case against 6 major US movie studios

BRUSSELS (AP) — The European Union has launched an antitrust case against six major U.S. movie studios, including Disney and Warner Bros, and British satellite broadcaster Sky for restricting access across the 28-country bloc.

NATIONAL POLITICS

5 things: House bill would prevent mandatory GMO labeling

WASHINGTON (AP) — States could no longer require labels on genetically modified foods under legislation the House is considering.


WEDNESDAY, JULY 22
STATEWIDE

Haslam implements security measures at military sites

NASHVILLE (AP) - Gov. Bill Haslam says temporary security measures have been implemented after a gunman in Chattanooga, Tennessee, killed five U.S. troops last week.

National child welfare report ranks Tennessee 36th

NASHVILLE (AP) — A national report on the well-being of children ranks Tennessee 36th in the country for the second consecutive year.

MIDSTATE

MTSU science buildings to undergo renovations

MURFREESBORO (AP) - Two aging science buildings at Middle Tennessee State University will undergo renovations expected to be completed by spring 2017.

HEALTH CARE

Report: Social Security disability fund to run dry next year

WASHINGTON (AP) — The 11 million Americans who receive Social Security disability face steep benefit cuts next year, the government said Wednesday, handing lawmakers a fiscal and political crisis in the middle of a presidential campaign.

REAL ESTATE

US home sales surge in June to fastest pace in 8-plus years

WASHINGTON (AP) — Americans bought homes in June at the fastest rate in over eight years, pushing prices to record highs as buyer demand has eclipsed the availability of houses on the market.

AUTO INDUSTRY

Fiat Chrysler says it has a software fix to prevent hacking

DETROIT (AP) — Fiat Chrysler said Wednesday that it has a software fix that will prevent future hacking into the Jeep Cherokee and other vehicles.

TECHNOLOGY

Even Apple loyalists taking their time on Apple Watch

NEW YORK (AP) — For all those who hailed the iPhone as the "Jesus Phone" in 2007, the Apple Watch's arrival has hardly been the second coming.

MUSIC INDUSTRY

Rhapsody tops 3 million paying music subscribers globally

LOS ANGELES (AP) — Rhapsody International, the operator of the Rhapsody and Napster streaming music services, says it has surpassed 3 million paying subscribers globally as more consumers realize the benefits of offline listening.

NATIONAL/INTERNATIONAL BUSINESS

Higher minimum-wage proposals gain ground on both coasts

SAN FRANCISCO (AP) — The push for a higher minimum wage gained momentum on both sides of the country Wednesday, with New York embracing an eventual $15 an hour for the state's 200,000 fast-food workers and the huge University of California system announcing the same raise for its employees.

UN climate chief: Paris talks last chance

PARIS (AP) — U.N. climate chief Christiana Figueres says that the upcoming climate change conference in Paris is the last chance for a meaningful agreement.

Technology shares lead a slump in US stocks; Apple sinks

U.S. stocks notched their second decline in as many days Wednesday, pulled down by a technology stock slump headlined by Apple and Microsoft.

Greece gets new liquidity boost ahead of key reform vote

ATHENS, Greece (AP) — Greece's liquidity-starved banks got a new cash injection from the European Central Bank on Wednesday, hours before a key vote in parliament on further economic reforms demanded by international creditors in return for a third bailout.

NATIONAL POLITICS

Senate GOP adds Dodd-Frank rewrite to $21B funding bill

WASHINGTON (AP) — Senate Republicans are trying to use a must-do spending bill to advance legislation significantly rewriting a landmark law that tightened regulation of the financial services industry after the 2008 financial crisis that sparked the Great Recession.

Obama renewing call to reauthorize Export-Import Bank

WASHINGTON (AP) — President Barack Obama is ramping up pressure on Congress to reauthorize the Export-Import Bank.

Clinton raising money in finance sector as she raps industry

WASHINGTON (AP) — Hillary Rodham Clinton's economic agenda targets companies that focus on short-term profits and high-speed trading instead of investing in workers. The Democratic presidential candidate's finance operation is going after their executives for another purpose — donations.


TUESDAY, JULY 21
STATEWIDE

Tennessee task force may opt for extending prison sentences

NASHVILLE (AP) — A task force appointed by Gov. Bill Haslam to look at prison sentencing is considering recommendations for longer prison terms.

Report: More Tennessee children living in poverty

NASHVILLE (AP) — A new report says more than one-fourth of Tennessee children are living in poverty, up from a few years ago when the country was in a recession.

TECHNOLOGY

Strong iPhone sales; Apple stock down with few Watch details

SAN FRANCISCO (AP) — Apple's latest financial report shows iPhone sales are still surging, driven partly by growth in China. But it also contains hints that Apple's much-vaunted smartwatch may not be selling as fast as Wall Street expected.

NATIONAL/INTERNATIONAL BUSINESS

Weak showings from companies including IBM send stocks lower

Disappointing earnings from several big U.S. companies put investors in a selling mood Tuesday, giving the stock market its first broad decline in four days.

CEO of Japan's Toshiba resigns over doctored books

TOKYO (AP) — Toshiba's CEO and eight other executives resigned Tuesday to take responsibility for doctored books that inflated profits at the Japanese technology manufacturer by 152 billion yen ($1.2 billion) over several years.

NATIONAL POLITICS

Senate panel votes to renew dozens of expired tax breaks

WASHINGTON (AP) — The Senate Finance Committee passed a bill Tuesday to renew dozens of temporary tax breaks that expired at the start of the year.

World mayors at Vatican urge 'bold climate agreement'

VATICAN CITY (AP) — Mayors from around the world declared Tuesday that climate change is real, man-made and must be stopped as a matter of moral imperative, gathering at the Vatican to announce new measures to fight global warming and bask in Pope Francis' ecological star power.

Obama faces vets, Jon Stewart amid concerns over Iran, VA

WASHINGTON (AP) — President Barack Obama is facing a convention of veterans and taking questions from Jon Stewart of "The Daily Show," as concerns run high about Iran, veterans' care and a shooting rampage against U.S. Marines.


MONDAY, JULY 20
MUSIC INDUSTRY

Blake Shelton, Miranda Lambert divorce after 4 years

NASHVILLE (AP) - After years of tabloid gossip claiming marital troubles, country music's top couple Blake Shelton and Miranda Lambert announced their divorce after four years of marriage.

NASHVILLE AREA

State denies request to block view of Forrest statue

NASHVILLE (AP) - The state of Tennessee will not plant trees and shrubs to hide a statue of Confederate general and early Ku Klux Klan member Nathan Bedford Forrest.

STATEWIDE

Tennessee sales tax holiday August 7-9

NASHVILLE (AP) — The Department of Revenue wants residents across the state to remember that they can shop tax-free in Tennessee August 7-9.

HEALTH CARE

Families face tough decisions as cost of elder care soars

NEW YORK (AP) — Doris Ranzman had followed the expert advice, planning ahead in case she wound up unable to care for herself one day. But when a nursing-home bill tops $14,000 a month, the best-laid plans get tossed aside.

TECHNOLOGY

Cheating website Ashley Madison hacked, personal info posted

NEW YORK (AP) — The parent company of Ashley Madison, a matchmaking website for cheating spouses, says it was hacked and that the personal information of some of its users was posted online.

AUTO INDUSTRY

University of Michigan opens test "city" for autonomous cars

ANN ARBOR, Michigan (AP) — The University of Michigan has officially opened a simulated city that will be used to test driverless and connected vehicles.

NATIONAL/INTERNATIONAL BUSINESS

US stocks notch modest gains on solid earnings reports

U.S. stocks are closing with modest gains after several companies reported solid earnings.

Obama nominates economist Kathryn Dominguez to Fed board

WASHINGTON (AP) — President Barack Obama is nominating economist Kathryn Dominguez to serve on the Federal Reserve's board of governors.

Fed directs 8 biggest US banks to hold extra capital

WASHINGTON (AP) — Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.

Survey: US companies less optimistic about future sales

WASHINGTON (AP) — U.S. businesses' outlook on sales in the coming months has darkened after sales growth slowed in the second quarter, according to a survey released Monday.

Greek banks reopen but cash limits remain; taxes soar

ATHENS, Greece (AP) — Greece set a series of landmarks Monday it hopes will shore up its battered economy following months of crisis that threatened its place in the euro.

NATIONAL POLITICS

Congress' to-do list grows; misstep could mean govt shutdown

WASHINGTON (AP) — Congress' midsummer to-do list may take until Christmas to clear.


FRIDAY, JULY 17
MUSIC INDUSTRY

Country star Luke Bryan launches interactive fan app

NASHVILLE (AP) - A new mobile app will put fans closer to Luke Bryan with live streaming and interactive features.

SPORTS

Vanderbilt athletes, AD to live history with trip to Cuba

NASHVILLE (AP) - A trip originally planned to hand out free shoes and study a different culture has turned into a living history lesson.

TSSAA council narrowly rejects complete public-private split

MURFREESBORO (AP) — The legislative council of the Tennessee Secondary School Athletic Association has narrowly rejected a proposal completing a split of public and private schools in the state's high school athletic group.

AUTO INDUSTRY

'Ludicrous Mode'? Tesla adds power to already-fast Model S

NEW YORK (AP) — Tesla Motors says it's adding a new "Ludicrous Mode" to high-performance versions of its Model S electric car.

TECHNOLOGY

EBay, PayPal outline plans for after split

NASHVILLE (AP) — When eBay and PayPal split up on Friday, they'll face different challenges than they did as a combined company.

As Amazon turns 20, a look at its biggest bets

NEW YORK (AP) — Amazon has come a long way from selling books out of a Seattle garage.

Amazon says 'Prime Day' will be annual event

Amazon says its "Prime Day" sale led to a sales surge and "hundreds of thousands" of new signups for its $99 annual Prime loyalty program. The company said it plans to make the sale an annual event.

REAL ESTATE

Apartment construction drives US homebuilding surge in June

WASHINGTON (AP) — U.S. builders broke ground on apartment complexes last month at the fastest pace in nearly 28 years, as developers anticipate that recent jobs gains will launch a wave of renters

NATIONAL/INTERNATIONAL BUSINESS

Nasdaq logs best week in nearly nine months as Google jumps

NEW YORK (AP) — A strong week fizzled to a close on Friday as the stock market eked out a small gain. But a few companies made big moves. Google surged after reporting strong results, pushing the Nasdaq to another record high.

Google shares gain a record $65B in value

NEW YORK (AP) — Google is already one of the largest companies in the world, and on Friday it made one of the largest stock market moves ever.

Rising gas prices push inflation up modestly in June

WASHINGTON (AP) — Rising gasoline prices pushed inflation up modestly in June, leaving overall consumer prices higher than they were a year earlier for the first time since December.

Yellen: Higher rates won't derail recovery

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen sought to reassure worried lawmakers on Thursday that when the Fed begins to raise interest rates, it will be careful not to derail the economy.

German Parliament approves plan for new Greek bailout

BERLIN (AP) — German lawmakers have given their overwhelming approval to opening detailed negotiations with Greece on a new bailout package.

Earnings overdrive, US companies putting up strong quarter

NEW YORK (AP) — So far, second-quarter earnings have been like Christmas in July on Wall Street.

On the brink, EU leaders clinched bailout deal — with an SMS

BRUSSELS (AP) — As dawn broke in Brussels on Monday, Europe's frazzled leaders gazed into an abyss: the looming exit of Greece from a common currency that symbolized European unity.