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VOL. 38 | NO. 27 | Friday, July 04, 2014

Nod to the old, in with the new: Reeves-Sain redefines model for hometown pharmacy

The cold, thick, handmade milkshake sold at the Reeves-Sain drugstore soda fountain comes in a stainless steel canister, too big for the serving glass.

Healthier Tennessee Launches Online Tools

The Governor’s Foundation for Health and Wellness has launched an online workplace wellness kit, Small Starts @ Work, through its Healthier Tennessee initiative to help Tennessee employers implement wellness programs.

New laws on meth, DCS, more take effect

A law limiting the purchase of cold and allergy medicines used to make illegal methamphetamine is among those that took effect July 1, as are statutes that require more disclosure from the Tennessee Department of Children’s Services and allow use of the electric chair to execute death row inmates when drugs used for lethal injection executions are not available.

IN THE WEEDS

Planning the perfect Nashville holiday dining weekend

A few weeks ago, The Wall Street Journal took readers on a whirlwind weekend tour of Nashville visiting favorites, from The Pancake Pantry to Mas Tacos.

Local Weather
Today
Nashville, TN
84°F
Mostly Cloudy
Wind: 3 mph
Humidity: 37%

EVENTS

Real Estate Investors Network, Thursday, July 10: Wholesaling Subgroup. Network with wholesalers and buyers of single-family and multi-family real estate. 6 p.m., REIN Center, 4525 Harding Rd., STE 200, Nashville.

more events »

REALTY CHECK

Zoning proposal riles Sylvan Park residents

Councilman Jason Holleman has proposed legislation that would place a large portion of Sylvan Park under a conservation overlay. This proposal has drawn the ire of some residents and, not surprisingly, a number of developers and Realtors.

NEWSMAKERS

Urgent Team appoints chief financial officer

Urgent Team, an independent operators of urgent care centers in the Southeast, has named Michael Mauldin as the new chief financial officer.

BUSINESS BOOK REVIEW

Duncan Hines: A revolutionary from Bowling Green

Tonight’s dessert is courtesy of your childhood.

GUERRILLA MARKETING

Don’t commit 10 deadly sins of email marketing

Editor’s Note: This is the first in a two-part series.

CAREER CORNER

Even if you hate your job, there’s a right way to leave

There’s a lot to be said for grace. Although many interpretations of the word exist, my favorite is Merriam-Webster’s.

I SWEAR

We should be celebrating Independence Day on July 2

Let’s start this column with holiday quiz:

KAY'S COOKING CORNER

Eating Mediterranean-style in the Pacific

This past week hubby and I escaped for a few days to our favorite destination spot, Los Cabo, Mexico.


THURSDAY, JULY 10

NATIONAL BUSINESS

More 'headline-grabbing' corporate deals expected

LONDON (AP) — More "headline-grabbing" acquisitions are likely over the coming year as businesses take advantage of a period of improving economic growth and cheap financing.

US stocks fall on Portugal worries

NEW YORK (AP) — Worries about the soundness of a European bank pushed U.S. stocks lower Thursday and sent global investors hunting for less risky assets.

Oil prices continue to fall as supplies grow

The Associated Press

US unemployment aid applications fall to 304,000

WASHINGTON (AP) — Fewer people sought U.S. unemployment benefits last week, driving down the level of applications to nearly the lowest in seven years.

US wholesalers slow restocking as sales weaken

WASHINGTON (AP) — U.S. wholesale stockpiles rose in May at the weakest pace in five months as companies kept their supplies in line with slower sales.

MUSIC INDUSTRY

Brooks' music coming to digital via his own site

NASHVILLE (AP) — Garth Brooks, one of the last musicians to refuse put his music on iTunes, will make his songs available digitally on his own website.

STATEWIDE

Family Bible records now available on website

NASHVILLE — Visitors to the website of the Tennessee State Library and Archives can now access family Bible records.

MIDSTATE

TSU to get 'StormReady' designation

NASHVILLE — Tennessee State University says it is receiving a certification from the National Weather Service signifying that the university is well prepared to protect its people and property from severe weather.

AUTO INDUSTRY

Union official: Local coming for Volkswagen plan

NASHVILLE — An official with the United Auto Workers, which suffered a stinging defeat in its attempt to unionize Volkswagen's assembly plant in Tennessee earlier this year, said Thursday that it is forming a new local at the plant.


WEDNESDAY, JULY 9

NATIONAL BUSINESS

Alcoa helps lift market after 2 days of declines

NEW YORK (AP) — Corporate earnings season got off to a positive start Wednesday, helping lift the stock market after two days of declines.

Oil on 2-week slide even with Mideast turmoil

NEW YORK (AP) — The price of oil fell for the ninth straight day Wednesday as global supplies continue to flow despite unrest in the world's most important oil-producing region.

Government made $100B in improper payments

WASHINGTON (AP) — By its own estimate, the government made about $100 billion in payments last year to people who may not have been entitled to receive them — tax credits to families that didn't qualify, unemployment benefits to people who had jobs and medical payments for treatments that might not have been necessary.

Gold prices climb after Federal Reserve minutes

(AP) - Gold prices climbed Wednesday amid expectations that the Federal Reserve will keep interest rates at record lows.

More flights arriving late; complaints are rising

WASHINGTON (AP) — More flights on U.S. airlines are running late or getting canceled, and complaints are rising.

Hawaiian Airlines keeps top spot in on-time list

The Associated Press

Fed split on signals for first rate increase

WASHINGTON (AP) — Federal Reserve officials had differing views in June on the best way to signal to financial markets when they might raise a key short-term interest rate. They were in broad agreement, however, that they will likely announce an end to their monthly bond buying program in October.

Harley-Davidson recalling 66,421 motorcycles

DETROIT (AP) — Harley-Davidson is recalling 66,421 Touring and CVO Touring motorcycles from the 2014 model year because their front wheels can lock up without warning.

TECHNOLOGY

PC shipment slump bottoms out

NEW YORK (AP) — A two-year slump in personal computer sales ended in the second quarter, helped by improving demand in developed markets like North America and Europe.

HEALTH CARE

Medicare providers complain of duplicative audits

MIAMI (AP) — Health care companies say they're losing millions of dollars that are tied up in appeals because of increasing numbers of Medicare audits. But the rise in the often duplicative audits has failed to reduce Medicare fraud, according to a report released Wednesday.

STATEWIDE

Tennessee accused of failing to follow health law

NASHVILLE (AP) — Tennessee health officials said Wednesday they disagree with a letter from the Centers for Medicare and Medicaid Services that accuses the state of failing to provide certain services as required by the federal health care law.

Lawsuit financing company to leave Tennessee

NASHVILLE (AP) — A new Tennessee law targeting the practice of financing the costs of lawsuits is leading an Illinois company to leave the state.

SCORE launches fellowship program for teachers

NASHVILLE (AP) — The State Collaborative on Reforming Education is launching a program that will provide Tennessee teachers an opportunity to have a greater impact on key state-level education policy issues.

Figures show decline in July 4th traffic deaths

NASHVILLE (AP) — Tennessee Highway Patrol officials say preliminary figures show a decline in traffic fatalities during this year's Fourth of July holiday period.


TUESDAY, JULY 8

NATIONAL BUSINESS

Oil slips closer to $103 as supply fears recede

By PABLO GORONDI, Associated Press

Survey finds math, science grads earn top dollar

WASHINGTON (AP) — It seems to matter less whether your alma mater is public or private than what you study — math and science in particular — when it comes to finding a high-paying job after college, according to a report released Tuesday by the Education Department.

US companies post most jobs in 7 years in May

WASHINGTON (AP) — U.S. employers advertised more jobs in May than in any month in the past seven years, a sign that this year's strong hiring trend is likely to continue.

US consumer borrowing rises at slower pace in May

WASHINGTON (AP) — Consumers increased their borrowing at a slower pace in May compared to the prior month.

HEALTH CARE

Haslam to talk with new US health secretary

DUNLAP, Tenn. (AP) — Gov. Bill Haslam is expressing hope that a planned discussion with the nation's new health secretary during the National Governors Association meeting in Nashville this week might rekindle talks over his plan for Medicaid expansion in Tennessee.

AUTO INDUSTRY

Ford recalling 100,610 vehicles for safety issues

DETROIT (AP) — Ford is recalling 100,610 vehicles in North America for various safety defects.

The company announced the six separate recalls Tuesday. No injuries, accidents or fires related to any of the defects have been reported, Ford said.

MUSIC INDUSTRY

Browne, Lynn to get lifetime Americana awards

NASHVILLE (AP) — Jackson Browne, Loretta Lynn, conjunto musician Flaco Jimenez and blues musician Taj Mahal will receive lifetime achievement awards at The Americana Music Association Honors and Awards ceremony in Nashville, Tennessee, in September.

Priscilla Presley tells upset fans to 'calm down'

MEMPHIS (AP) — Priscilla Presley is asking fans of her late ex-husband Elvis Presley to "please calm down" after a report that two jets once owned by the singer could be removed from Graceland.

Row scuppers all 5 Garth Brooks' Dublin shows

DUBLIN (AP) — Like an ill-fated romance in a country song, Garth Brooks and Dublin just weren't meant to be.

STATEWIDE

9 finalists announced for top Tennessee teacher

NASHVILLE (AP) — Nine finalists for Tennessee Teacher of the Year have been announced by the Department of Education.


MONDAY, JULY 7

NATIONAL BUSINESS

Stocks slip, pulling Dow back near 17,000

NEW YORK (AP) — After pushing stocks to records last week, investors turned cautious on Monday ahead of a batch of corporate earnings reports.

Oil slips below $104 as Libya set to boost exports

(AP) - The price of oil slipped below $104 a barrel Monday as expectations that Libya will soon boost its exports of crude offset strong U.S. job growth.

Some US-bound air travelers must turn on phones

WASHINGTON (AP) — Passengers at some overseas airports that offer U.S.-bound flights will soon be required to power on their electronic devices in order to board their flights. The measure is intended to enhance aviation security at a time of increased threats.

ADM to buy Swiss flavoring maker for about $3B

DECATUR, Ill. (AP) — Agribusiness giant ADM will pay about $3 billion to buy the privately held Swiss company Wild Flavors, which supplies natural ingredients to the food and beverage industry.

AUTO INDUSTRY

How GM's ignition switch redesign went wrong

DETROIT (AP) — General Motors' deadly ignition switch flaws emerged from an effort to improve its cars.

STATEWIDE

TVA proposes to retire Memphis' Allen coal plant

MEMPHIS — The Tennessee Valley Authority began seeking public comments Wednesday on a proposal to retire the coal-fired Allen Fossil Plant in Memphis and replace it with a natural gas facility.

REGION

Jack Daniel opens Alabama barrel making facility

NASHVILLE  (AP) — The maker of Jack Daniel's Tennessee Whiskey on Monday celebrated the opening of a new cooperage in Alabama to supply its distillery with the American white oak barrels that are toasted and charred to give the spirit its distinctive flavor and color.

MIDSTATE

Exhibit commemorates 101st Airborne Division

NASHVILLE (AP) - Items from Fort Campbell, the Tennessee State Museum and the commanding officer of a 101st Airborne Division unit celebrated for its role in World War II are on display in Nashville.

REGION

TVA proposes to retire Memphis' Allen coal plant

MEMPHIS (AP) — The Tennessee Valley Authority began seeking public comments Wednesday on a proposal to retire the coal-fired Allen Fossil Plant in Memphis and replace it with a natural gas facility.

AUTO INDUSTRY

Subaru recalls 660K vehicles for brake line rust

DETROIT (AP) — Subaru is recalling more than 660,000 cars and SUVs because the brake lines can rust and leak fluid, and that can mean it will take longer to stop the vehicles.

Senate subcommittee to hold 2nd GM hearing July 17

WASHINGTON (AP) — A U.S. Senate subcommittee that's investigating the General Motors ignition switch recalls says it will hold a second hearing on July 17.

Safety agency says Chrysler recall too slow

DETROIT (AP) — The U.S. government's road safety agency is accusing Chrysler of moving too slowly to fix some Jeep SUVs in a recall announced more than a year ago.

NATIONAL BUSINESS

Dow tops 17,000 after strong jobs report

NEW YORK (AP) — The Dow Jones industrial average topped 17,000 for the first time Thursday, the index's first big 1,000-point milestone this year, following news that hiring in the U.S. accelerated last month.

Crude oil futures slip as Iraq risks recede

The price of oil slipped Thursday as the risk of supply disruptions in Iraq faded and key export terminals in Libya were expected to reopen.

June jobs report shows US recovery is accelerating

WASHINGTON (AP) — A surprisingly robust job market is energizing the 5-year-old U.S. recovery and driving the economy closer to full health.

Applications for US unemployment benefits edge up

WASHINGTON (AP) — The number of Americans filing applications for unemployment benefits edged up slightly last week but remained at a level that indicated a healthy labor market.

Average rate on 30-year mortgages dips this week

WASHINGTON (AP) — Average U.S. mortgage rates are near historically low levels.

Corporations are people? It's a real legal concept

WASHINGTON (AP) — There may be more to that "we the people" notion than you thought.

US trade deficit drops to $44.4 billion in May

WASHINGTON (AP) — The U.S. trade deficit fell in May as U.S. exports hit an all-time high, helped by a jump in exports of petroleum products. Imports dipped slightly.

32 states, including Tennessee, trail US as a whole in job recovery

WASHINGTON (AP) — Five years after the Great Recession officially ended, most states still haven't regained all the jobs they lost, even though the nation as a whole has.

Tennessee man claims $259 million Powerball prize

NASHVILLE (AP) — A man has claimed what officials call the largest jackpot ever won in Tennessee with a winning $259 million Powerball ticket.

Corn falls as favorable weather continues

NEW YORK (AP) — The price of corn fell to its lowest in almost four years on Monday as favorable weather conditions for the crop persist in the Midwest.

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