Business Update -

Defense publication says U.S. dominance of the global defense sectors likely to be eroded

LONDON - The United States' dominance of the global defence sectors is likely to be eroded over the coming decade as both Russia and China encroach on formerly assured markets, according to the latest Jane's Industry Quarterly study: "Crossing Borders: International Defence Industrial Relationships – a Global Perspective." Furthermore, the rise of emerging defence equipment exporters – from South Korea and Australia to Pakistan and India – will help shape the world markets during the years to 2020 and challenge the established producers from the West.
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Business News - Seven Day Archive

In latest blow, Toyota recalls 437,000 Prius and other hybrids globally for brake problems

February 9, 2010

TOKYO (AP) -- Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems - the latest in a string... Comments (1)
Toyota to announce action soon for Prius hybrids

February 7, 2010

TOKYO — Toyota said Sunday that it will soon announce plans to deal with braking problems in its prized Prius hybrid amid reports it has d... Comments (0)
Bank of Tennessee preparing for expansion on Center Street

February 6, 2010

KINGSPORT — For the past 15 years, Bank of Tennessee has been buying up all the property along Center Street between Cherokee and Cumberland... Comments (7)
Courtesy acquires JBR Buick GMC dealership

February 6, 2010

KINGSPORT — Courtesy Chevrolet-Cadillac-Subaru recently completed the purchase of JBR Buick GMC Truck, Inc. to create the only full-line and... Comments (7)
Kingsport chamber marks successes at annual dinner

February 5, 2010

KINGSPORT — More than 1,400 people gathered Friday night to celebrate the city’s accomplishments at the 63rd annual dinner of the Ki... Comments (10)
January unemployment rate drops to 9.7 percent

February 5, 2010

WASHINGTON (AP) — The unemployment rate dropped unexpectedly in January to 9.7 percent from 10 percent while employers shed 20,000 jobs, the gov... Comments (2)
Job losses from Great Recession about to get worse as government revises employment data

February 5, 2010

WASHINGTON (AP) -- Job losses during the Great Recession have been huge and they're about to get bigger. When the Labor Department releases... Comments (7)
Kingsport Grocery Company to 'hibernate' until mid May

February 4, 2010

KINGSPORT — The Kingsport Grocery Company is closing for the rest of the winter. The restaurant’s owners announced the decision Thu... Comments (7)
New York AG filing civil charges saying Bank of America, former CEO Lewis misled investors

February 4, 2010

NEW YORK (AP) -- The New York Attorney General's office said Thursday it filed civil charges against Bank of America and its former CEO Ken Lewis... Comments (0)
Dunkin' Donuts franchises expected in Tri-Cities Roadrunner stores next year

February 4, 2010

Dunkin’ Donuts has signed a multi-unit store development agreement with Roadrunner Markets for seven new restaurants in Tri-Cities and the surro... Comments (13)
Tests prove link to pepper in salmonella outbreak

February 4, 2010

PROVIDENCE, R.I. (AP) — Tests have shown that the same strain of salmonella that sickened more than 200 people in at least 42 states has been ... Comments (0)
Transportation Dept opens investigation into Prius brake problems

February 4, 2010

WASHINGTON (AP) -- The Transportation Department has opened an investigation into brake problems in the 2010 model year Toyota Prius after the Japanes... Comments (0)
Eastman might pull plug on PET business

February 3, 2010

KINGSPORT — At one time Eastman Chemical Co. was the world’s leading supplier of polyethylene terephthalate (PET) for packaging. Now ... Comments (0)
Eastman Chemical poised for growth in 2010

February 3, 2010

KINGSPORT — Eastman Chemical Co. made some tough cuts last year to help it weather the economic downturn. Now the Kingsport-based company ... Comments (0)
Toyota investigation deepens; Transportation secretary says don't drive, then takes it back

February 3, 2010

WASHINGTON (AP) -- Transportation Secretary Ray LaHood told Toyota owners Wednesday they should stop driving their vehicles, then quickly took back hi... Comments (9)
TriSummit Bank cuts ribbon on headquarters in downtown Kingsport

February 2, 2010

KINGSPORT — It’s been three years coming, but on Tuesday Lynn Shipley got his wish and cut the ribbon to officially open the flagshi... Comments (0)
Gas drilling in Appalachia runs into resistance: What do you do with the wastewater?

February 2, 2010

HARRISBURG, Pa. (AP) -- A drilling technique that is beginning to unlock staggering quantities of natural gas underneath Appalachia also yields a trou... Comments (0)
'Octopussy' and 6 others plead not guilty in Wall Street insider trading probe

February 2, 2010

NEW YORK (AP) -- A man regulators call "the Octopussy" and six other white-collar defendants pleaded not guilty Tuesday in federal court in Manhattan ... Comments (2)

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