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VOL. 37 | NO. 28 | Friday, July 12, 2013

Success at any age

From teen dreams to retirement-age reflection, 12 female entrepreneurs tell their stories

There’s little doubt that the number of women-owned business is growing in the United States – Middle Tennessee included.

Teens: 18-year-old combines vocal talents, entrepreneurial spirit

Kiya Lacey, 18, has her eyes firmly on the music mogul prize.

20s: Helping others on same path

They may only be in their 20s, but Jessica Harthcock and Emily Daniel know life doesn’t always go according to plan.

30s: Juggling business, family a tough chore

There is work – creative, engaging and artistic work – and there is the sick 4-year-old pulling you away from the computer.

40s: Dad taught sisters that being women is not a weakness

Rebecca Anderson, her shoes squishing the soaked carpet, moved quietly through the office.

Local Weather
Today
Nashville, TN
43°F
Cloudy
Wind: 12 mph
Humidity: 80%

EVENTS

Hammers and High Heels. A benefit to support Habitat for Humanity of Williamson County’s Women Build. Today, 4:30-6:30 p.m., Darrell Waltrip Honda Showroom, 1430 Murfreesboro Road, Franklin. Food booths will be featured from several local restaurants, along with live music, drinks and a large variety of silent auction items. All funds from the night go directly to build a home for a hardworking family through Habitat’s Women Build Program. Information: abby@williamsoncountychamber.org

more events »

50s: Rebel Hill owner follows mother’s lead

Anna Page’s first week as owner of Rebel Hill Florist was marked by the hustle and spontaneity that still excites the businesswoman 26 years later.

60s & beyond: Nashville legends share secrets of their success

Shirley Zeitlin, Thelma Kidd and Sandra Shelton all launched separate – and very successful – businesses in the 1970s and 1980s when few women were doing so in Middle Tennessee.

REALTY CHECK

Median area home price tops $200K for 1st time

More remarkable news from the Greater Nashville Association of Realtors (GNAR) regarding area sales. June sales topped 3,000 units, the second consecutive month that the 3,000 level has been surpassed.

NEWSMAKERS

Aegis Sciences promotes 4 to vice president

Aegis Sciences Corporation, a provider of forensic toxicology and health care sciences laboratories, has promoted four leaders to vice president:

GUERRILLA MARKETING

Stop bargaining, start negotiating

Most business professionals have taken a class or read a book to sharpen their negotiating skills. Unfortunately, what’s often taught is how to bargain versus how to negotiate – and the two are vastly different.

SMART STUFF 4 WORK

Sick or sane mind?

I am fully aware that many people believe a clean desk is a sign of a sick mind. The opposing viewpoint is that a person’s external word is a reflection of their internal world. If the latter is the case, a quick look at many people’s workspace suggests that they are secretly (or more likely not so secretly to those around them) experiencing a tremendous amount of internal chaos and disorder.

I SWEAR

A tale of two Rivieras, this one more upscale

MARSEILLE, FRANCE – I never expected those other Rivieras to look anything like those here in the States. (See last week’s column or risk being lost while reading this one. Hint: I’m on vacation.)

KAY'S COOKING CORNER

Better keep an eye on those potatoes

Everyone has problems. There is so much that can get in the way of what is real in our life that it is extremely difficult to stay focused.

STATEWIDE

State warns of driver license phone scam

NASHVILLE (AP) — The Tennessee Department of Safety and Homeland Security is warning residents about a phone scam involving driver licenses.

REGION

Fifth Third 2Q profit rises 58 pct

CINCINNATI (AP) — Regional banking company Fifth Third Bancorp's second-quarter net income rose 58 percent, thanks partly to the sale of shares of its Vantiv payment processing subsidiary.

NASHVILLE AREA

2 change pleas in federal fraud case

NASHVILLE (AP) — Two former officials of the Sommet (soh-MAY') Group have changed their pleas in what prosecutors describe as a $20 million fraud scheme.

AUTO INDUSTRY

Camry in battle to stay America's best-selling car

DETROIT (AP) — America's top-selling car is in danger of losing its title.

NATIONAL BUSINESS

Bernanke: Fed stimulus tied to economy's health

WASHINGTON (AP) — Ben Bernanke says the Federal Reserve's efforts to boost the U.S. economy remain tied to the job market's health and inflation, delivering what could be his final semiannual economic report to Congress.

Gauge of US economy's future unchanged in June

WASHINGTON (AP) — A gauge of the economy's future health was unchanged in June, pointing to modest growth in the coming months.

US unemployment aid applications drop to 334K

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell 24,000 last week to a seasonally adjusted 334,000, a sign that steady job gains should continue.

Dell delays vote on buyout in sign it lacks support

ROUND ROCK, Texas (AP) — Dell has delayed Thursday's vote on founder Michael Dell's plan to take the slumping computer maker private in a sign the board needs more time to rally support.

Earnings gains drive stocks higher on Wall Street

NEW YORK (AP) — Solid earnings gains at major U.S. companies are driving stocks higher in midday trading on Wall Street.

Oil hovers above $106 after US supplies drop

The price of oil was steady above $106 a barrel Thursday after U.S. crude supplies fell for a third straight week, a sign of increased demand in the world's largest energy consumer.

US rate on 30-year mortgage declines to 4.37 pct

WASHINGTON (AP) — Average rates on U.S. fixed mortgages declined this week as concern waned in the financial markets over the Federal Reserve's possible slowing of its bond purchases this year.

Parent of American Airlines posts $220M profit

The parent of American Airlines is reporting a $220 million profit for the second quarter as its cost-cutting from its bankruptcy reorganization kicked in.

UnitedHealth 2Q profit up as enrollment improves

MINNETONKA, Minn. (AP) — UnitedHealth Group Inc.'s second-quarter net income rose almost 8 percent, buoyed by steady enrollment growth.

Verizon posts strong device additions in 2Q

NEW YORK (AP) — Verizon added more wireless devices than expected to its network in the latest quarter, continuing a strong run for the country's largest cellphone carrier.

Investment banking lifts Morgan Stanley 2Q earns

NEW YORK (AP) — Morgan Stanley says that second-quarter earnings beat analysts' expectations, fueled by gains in its investment bank.

NATIONAL POLITICS

Senators ready to restore lower college loan rates

WASHINGTON (AP) — Senators are ready to offer students a better deal on their college loans this fall, but future classes could see higher interest rates.

Political odd couple together again on voting law

WASHINGTON (AP) — The white Wisconsin lawyer and the black preacher from Georgia strode into the Senate hearing room together and took their seats, shoulder-to-shoulder, at the witness table. Veteran lawmakers and experts in civil rights law, they've been here before.

Political indecision weighs on economic forecasts

WASHINGTON (AP) — Politicians and economists are straining to get a clearer view of what the economy will look like a year from now, when midterm political campaigns are heating up. Republicans see the glass as half-empty; Democrats view it as half-full. And the economists aren't sure.


WEDNESDAY, JULY 17
NASHVILLE AREA

Food services giant expanding in Nashville

NASHVILLE (AP) - Food and uniform services company ARAMARK is locating a business services center in Nashville, bringing more than 1,000 jobs over the next three years.

MIDSTATE

Tracy far outraises DesJarlais in 4th District

NASHVILLE (AP) - Recent Federal Election Commission filings show state Sen. Jim Tracy has outraised incumbent U.S. Rep. Scott DesJarlais and state Rep. Joe Carr in his bid for the 4th District seat.

STATEWIDE

Haslam administration spells out office leasing policy to committee

NASHVILLE (AP) - The administration of Gov. Bill Haslam has revealed the scope of its outsourcing of state office space.

Officers step up highway safety campaign

NASHVILLE (AP) — Law enforcement officials across the state are stepping up a campaign to increase highway safety.

HEALTH CARE

House GOP seek delay in health care provisions

WASHINGTON (AP) — House Republicans pressed ahead Wednesday on delaying key components of President Barack Obama's signature health care law, emboldened by the administration's concession that requiring companies to provide coverage for their workers next year may be too complicated.

NATIONAL BUSINESS

Shareholders voting on $24.4 billion Dell buyout

DALLAS (AP) — Dell Inc. is making a late push to win shareholder support for founder Michael Dell's plan to take the slumping computer maker private, an indication that Thursday's scheduled vote could be close.

Banks' earnings pop masks deeper concerns

NEW YORK (AP) — Major U.S. banks have turned in big profit gains this season, but the news isn't all good.

Fed: Growth improves moderately throughout US

WASHINGTON (AP) — The U.S. economy grew throughout the country from late May through early July, bolstered by the housing recovery, consumers and more factory output.

US builders start work on fewer homes in June

WASHINGTON (AP) — U.S. builders started work on fewer homes in June, mostly because apartment construction fell sharply. But applications for permits to build single-family houses rose to the highest level in five years, suggesting the housing recovery will continue.

Bernanke: Timetable for bond purchases not preset

WASHINGTON (AP) — Chairman Ben Bernanke said Wednesday that the Federal Reserve's timetable for reducing its bond purchases is not on a "preset course" and the Fed could increase or decrease the amount based on how the economy performs.

Stocks close up as Bernanke reassures on stimulus

NEW YORK (AP) — Some soothing words from Federal Reserve Chairman Ben Bernanke pushed the stock market to slender gains on Wednesday. Higher earnings for several major companies also helped.

Oil rises as market weighs supply report, Bernanke

NEW YORK (AP) — The price of oil rose Wednesday as U.S. oil supplies fell for a third week and the chairman of the Federal Reserve signaled no impending change in the central bank's stimulus program.

Bank of America's earnings soar 70 percent

NEW YORK (AP) — Bank of America says its second-quarter profits soared, helped by higher earnings from investment banking and cost-cutting.

Mattel 2Q profit falls, Barbie sales slide again

NEW YORK (AP) — Monster High dolls are taking a bite out of Barbie.

Barclays pledges to fight US energy fine

LONDON (AP) — Barclays has vowed to fight a fine by U.S. regulators, who allege the bank manipulated the electricity prices in California and other western states to make money off of trades.

NATIONAL POLITICS

Dems pin immigration hopes on GOP's Ryan

WASHINGTON (AP) — Democrats doggedly pursuing a far-reaching immigration bill are counting on help from Republican Rep. Paul Ryan, Mitt Romney's running mate last year and an unlikely candidate for delivering the centerpiece of President Barack Obama's second-term agenda.


TUESDAY, JULY 16
MUSIC INDUSTRY

Doctors: Singer Randy Travis awake after stroke

NASHVILLE (AP) — Country music star Randy Travis was awake and interacting with his family and friends Monday as he recovers from surgery following a stroke, his doctors said.

STATEWIDE

Judge approves Pilot Flying J plan to repay trucking companies

NASHVILLE (AP) - The truck-stop company owned by Cleveland Browns owner Jimmy Haslam has agreed to pay back the trucking companies that were cheated out of fuel rebates, according to a settlement given preliminary approval Tuesday.

Cookeville plant would stay open under bid

NASHVILLE (AP) - A bankruptcy purchase agreement states the Oreck vacuum cleaner plant in Cookeville would remain open if a judge approves the sale of the brand to the owners of Hoover.

HEALTH CARE

Health law's rule delay could hamper enforcement

WASHINGTON (AP) — There's a bit of a domino effect undercutting President Barack Obama's health care law.

Vanderbilt University Medical Center seeks savings

NASHVILLE (AP) - Vanderbilt University Medical Center has announced it will offer early retirement as one way to reduce costs as the hospital seeks to close a $70 million revenue shortfall this fiscal year.

AUTO INDUSTRY

Chrysler to roll out all-new midsize car next year

STERLING HEIGHTS, Mich. (AP) — Chrysler says it will start selling a completely new midsize car early next year.

Chrysler recalling nearly 46,000 2013 Ram trucks

DETROIT (AP) — Chrysler Group is recalling 45,961 Ram trucks because their electronic stability control systems may not turn on when the vehicles start.

GM global sales up 4 percent, may gain on Toyota

DETROIT (AP) — General Motors' global sales grew almost 4 percent in the first half of the year, enough to fend off Volkswagen for second place and perhaps close the gap with sales leader Toyota.

VW marks 5 years in Chattanooga

CHATTANOOGA (AP) — Volkswagen is celebrating five years in Chattanooga.

European car sales down 6.6 percent in 1st half

PARIS (AP) — The European car industry showed further signs of distress Tuesday, as new data revealed car sales were down 6.6 percent for the first half of the year compared with the same period in 2012.

COURTS

Court sides with Yahoo in data collection case

LOS ANGELES (AP) — Yahoo has won a court fight that could help the public learn more about the government's efforts to obtain data from Internet users.

NATIONAL BUSINESS

Investors to scrutinize Bernanke's latest remarks

WASHINGTON (AP) — Ben Bernanke's sway over financial markets has been on full display in recent weeks. When the Federal Reserve chairman speaks Wednesday to Congress, investors will once again parse each word for any subtle shift in the Fed's stance on interest rates.

Stocks decline on earnings; Coca-Cola drops

NEW YORK (AP) — A string of lackluster earnings reports from companies including Coca-Cola and Charles Schwab ended an eight-day winning streak for the Standard & Poor's 500 index.

Oil down slightly; gasoline highest since June 10

NEW YORK (AP) — Gasoline rose to the highest price in five weeks Tuesday as the recent spike in oil continues to filter down to the consumer level.

Yahoo's 2Q earnings rise 46 pct, revenue sinks

SAN FRANCISCO (AP) — Yahoo's second-quarter results aren't giving Marissa Mayer a lot to celebrate as she completes her first year running the Internet company.

US homebuilder confidence, sales outlook soar

U.S. homebuilders are feeling more optimistic about their home sales prospects than they have in more than seven years, a trend that suggests home construction will accelerate in coming months.

US factories increase output in June for 2nd month

WASHINGTON (AP) — U.S. factories cranked out more business equipment, home electronics and autos last month, boosting manufacturing output for the second straight month.

US consumer prices up 0.5 pct. in June on gas hike

WASHINGTON (AP) — Higher gasoline costs pushed a measure of U.S. consumer prices up in June. But the overall trend in inflation stayed tame.

Goldman's profit doubles, helped by underwriting

NEW YORK (AP) — Goldman Sachs said Tuesday that its second-quarter profit doubled as the bank underwrote more stock and bond offerings for clients and netted big gains on its own investments.

OECD: Unemployment to stay high next year

PARIS (AP) — A report from a leading international economic body is laying out the hope that unemployment across the world's advanced economies may fall next year despite further rises in a number of European countries.

NATIONAL POLITICS

Flood insurance changes hit resistance, face delay

WASHINGTON (AP) — Hundreds of thousands of homeowners facing higher federal flood insurance premiums under reforms passed last year would win a temporary one-year reprieve under a measure that's beginning its advance through the Senate.

Senate steps back from brink on nominations

WASHINGTON (AP) — The Senate stepped away from the brink of a meltdown on Tuesday, clearing the way for confirmation of several of President Barack Obama's nominees long blocked by Republicans, agreeing to quick action on unnamed others and finessing a Democratic threat to overturn historic rules that protect minority-party rights.

Obama, GOP offer differing visions on immigration

WASHINGTON (AP) — President Barack Obama is using his presidential pulpit to press the Republican-controlled House to embrace a path to citizenship for all 11 million people living illegally in the U.S., while a top Republican says those brought to America as children should be given the highest priority for legalization.


MONDAY, JULY 15
STATE LEGISLATURE

Ramsey: New guns-in-parking lots law needs tweaking

NASHVILLE (AP) - Tennessee Lt. Gov. Ron Ramsey, who backed a new law allowing handgun carry permit holders to keep weapons in their vehicles at work, says the law needs clarifying.

MUSIC INDUSTRY

Yorke, Godrich protest Spotify royalty payments

NASHVILLE (AP) - Thom Yorke and Nigel Godrich have started a "small meaningless rebellion" against Spotify, announcing Sunday on Twitter they're pulling their Atoms For Peace collaboration off the streaming service over royalty payments they say are paltry.

NASHVILLE AREA

TSU to demonstrate new mobile biodiesel lab

NASHVILLE (AP) — Researchers at Tennessee State University will demonstrate how to turn oilseed crops into biodiesel with a new mobile lab at the school's Small Farm Expo.

AUTO INDUSTRY

Nissan re-launches Datsun in India after 30 years

NEW DELHI (AP) — Nissan launched a new Datsun in India on Monday, three decades after shelving the brand that helped win Western acceptance of Japanese autos.

US probes C-Class Mercedes for lighting problems

DETROIT (AP) — U.S. safety regulators are investigating about 218,000 Mercedes C-Class luxury cars because the rear lights can fail and even catch fire.

COURTS

Courts will treat Asiana passengers differently

SAN FRANCISCO (AP) — When the courts have to figure compensation for people aboard Asiana Airlines Flight 214, the potential payouts will probably be vastly different for Americans and passengers from other countries, even if they were seated side by side as the jetliner crash-landed.

NATIONAL BUSINESS

Oil higher; pump prices rise to $3.61 a gallon

NEW YORK (AP) — The price of oil rose Monday as a report of weaker economic growth in China slowed but could not halt crude's upward momentum.

Stocks close higher, extending a hot start to July

NEW YORK (AP) — Boeing helped the stock market edge higher Monday, extending a scorching start to July.

Wal-Mart faceoff with DC fuels minimum wage debate

WASHINGTON (AP) — The bitter standoff between Wal-Mart and Washington, D.C. officials over the city's effort to impose a higher minimum wage on big-box retailers is fueling a wider debate about how far cities should go in trying to raise pay for low-wage workers — and whether larger companies should be required to pay more.

Study: Later retirement may help prevent dementia

BOSTON (AP) — New research boosts the "use it or lose it" theory about brainpower and staying mentally sharp. People who delay retirement have less risk of developing Alzheimer's disease or other types of dementia, a study of nearly half a million people in France found.

US business stockpiles up modest 0.1 percent

WASHINGTON (AP) — U.S. businesses increased their stockpiles only slightly in May, despite a solid sales increase. The figures suggest economic growth has slowed but could pick up in the second half of the year.

US economy looks weaker after subpar retail sales

WASHINGTON (AP) — The U.S. economy appears to be weaker than many economists had thought after a report Monday showed consumers spent cautiously in June at retail businesses.

Twinkies return, may be smaller than people recall

NEW YORK (AP) — Twinkies are back, but they may be a bit smaller than you remember.

Citi reports higher profit, revenue; shares rise

NEW YORK (AP) — Citigroup is reporting earnings that beat Wall Street's expectations for the second quarter.

Ex-Goldman Sachs trader faces NY SEC civil trial

NEW YORK (AP) — A judge presiding over the civil trial of a former Goldman Sachs trader accused of misleading investors about the true prospects of their bet on a package of mortgage-based securities has summed up the charges against him with a fairytale, saying it's as if he's accused of handing Little Red Riding Hood an invitation to grandmother's house while concealing the fact the invitation was written by the Big Bad Wolf.

NATIONAL POLITICS

Democratic leader heads to Senate rule showdown

WASHINGTON (AP) — Senate Democratic Leader Harry Reid is driving his chamber toward rule changes that would help President Barack Obama win confirmation for some of his nominees for posts overseeing workers' and consumers' rights. But the changes might strip future senators of their prized ability to delay action.

For Obama's climate plan, devil is in the details

WASHINGTON (AP) — Frustrated by a recalcitrant Congress, President Barack Obama has vowed to take climate change into his own hands. Now he has to deliver.


FRIDAY, JULY 12
MIDSTATE

Lebanon among 6 Tennessee airports to get grants

NASHVILLE (AP) - The Tennessee Department of Transportation says state aeronautics grants totaling more than $175,000 have been approved for six Tennessee airports.

MUSIC INDUSTRY

Stars pray for Randy Travis after brain surgery

NASHVILLE (AP) — Country music stars and fans joined together to urge prayers for Randy Travis on Thursday after he underwent brain surgery following a stroke at a Texas hospital.

STATEWIDE

6 bids taken as state looks to lease office space

NASHVILLE (AP) - The state has taken six sealed bids on Nashville office space with the intent of moving workers out of the state-owned Cordell Hull Building.

June revenues $3.2M more than state budgeted

NASHVILLE (AP) - State Finance Commissioner Larry Martin says overall June revenues were $3.2 million more than the state budgeted.

Measure to help students attend community colleges

NASHVILLE (AP) - Tennesseans looking to attend a two-year public community college are getting some assistance.

HEALTH CARE

Q&A: Latest health law fight: Battle of mandates

WASHINGTON (AP) — If businesses get an extra year to meet a new health care mandate, why not everybody else?

NATIONAL BUSINESS

Stocks inch higher; Boeing holds the Dow back

A last-minute turnaround is leaving the stock market with small gains for the day — enough to leave major U.S. indexes at new all-time highs.

Oil rises near $106; pump prices jump to $3.55

NEW YORK (AP) — The price of oil rose to near $106 a barrel Friday. Gasoline prices jumped the most since mid-February, unwelcome news for summertime drivers.

Owners call off Hulu sale, to inject cash instead

LOS ANGELES (AP) — The on-again, off-again sale of Hulu is off — again.

Icahn sweetens offer for Dell shares with warrants

NEW YORK (AP) — Billionaire investor Carl Icahn is offering Dell shareholders a chance to own a bigger stake in the company in hopes of thwarting an attempt by Dell's founder to buy it and take it private.

US Airways shareholders approve American merger

NEW YORK (AP) — US Airways shareholders overwhelmingly approved a proposed merger with American Airlines, bringing the companies closer to creating the world's biggest airline.

US wholesale prices up 0.8 percent in June

WASHINGTON (AP) — A big jump in gasoline prices pushed wholesale inflation up in June by the largest amount in nine months. But underlying inflation showed only a modest gain.

Wells Fargo Q2 profit rises 20 pct

Wells Fargo, the biggest U.S. mortgage lender, said Friday its second-quarter profit surged 20 percent as it cut expenses.

JPMorgan's second-quarter profit surges

NEW YORK (AP) — JPMorgan Chase, the country's biggest bank by assets, says its second-quarter earnings surged as consumer deposits rose and credit card volumes increased.

Microsoft reboots with sweeping reorganization

SAN FRANCISCO (AP) — Microsoft Corp. has decided its entire business needs a new operating system.

For Amazon, another role: Comic book publisher

SEATTLE (AP) — Online retailer Amazon.com Inc. says it will soon start publishing original comics through its new imprint, Jet City Comics.

Study: Youth attitudes shift in Great Recession

CHICAGO (AP) — Drew Miller clearly remembers the day his father was laid off.

Retailers report strong gains for June

NEW YORK (AP) — June sales heated up for stores.

US gov't reports $116.5 billion surplus in June

WASHINGTON (AP) — The federal government on Thursday reported a rare surplus of $116.5 billion in June, the largest for a single month in five years. The gain kept the nation on track for its lowest annual deficit in five years.

NATIONAL POLITICS

Republicans to tackle cuts in food stamp program

WASHINGTON (AP) — House approval of a scaled-back farm bill is setting up what could be an even bigger fight over food stamps and the role of domestic food aid in the United States.

Senators try again to lower student loan rates

WASHINGTON (AP) — Senators are back to the starting line in their search for a compromise that would reduce interest rates on student loans after being spooked by the $22 billion price tag that accompanied a potential deal.

Boehner sees will to act on immigration in House

WASHINGTON (AP) — House Speaker John Boehner said Thursday the "vast majority" of House Republicans believe they need to deal with immigration, but that they'll take a methodical, step-by-step approach and won't be held to any deadlines.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0