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Business & Technology

JP Morgan Chase CEO warns of US defaulting

May 20th, 2011 4:27 am by Associated Press

DENVER (AP) It would be a "moral disaster" if the United States were to default on its debts and become unable to pay its obligations, JPMorgan Chase & Co. CEO Jamie Dimon said at an appearance in Colorado Thursday evening.

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Business & Technology

Tenn lawmaker drops Amazon.com sales tax bill

May 19th, 2011 4:28 am by Associated Press

NASHVILLE, Tenn. (AP) Tennessee lawmakers on Wednesday backed off trying to force Amazon.com to collect sales taxes on transactions in the state, at least for this year.

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Business & Technology

Mediator appointed in HMG dispute

May 19th, 2011 4:01 am by Sharon Hayes

BRISTOL, Tenn. A Sullivan County chancery judge on Wednesday appointed a mediator to hash out a legal battle between Holston Medical Group and three pediatricians who left the practice to form a new group under the Mountain States Health Alliance umbr

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Business & Technology

High used-car prices make it ideal time to sell

May 18th, 2011 9:58 am by Associated Press

DETROIT (AP) It's the best time in years to sell your car.People are holding on to cars and trucks for about a year longer than they did before the recession, which has created a tight supply of used vehicles. So few are on the market that prices have ri

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Business & Technology

Touchstone Wireless to close Bristol facility; layoffs to begin July 31

May 17th, 2011 5:21 pm by Sharon Hayes

Brightpoint Inc. announced Tuesday it plans to close its subsidiary Touchstone Wireless in Bristol, Tenn., and consolidate operations at plants in Texas and Indiana, impacting more than 600 employees in Bristol. The news comes less than six months after B

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Business & Technology

Civil War era law could lead to financial crisis prosecutions

May 17th, 2011 4:54 am by Staff Report

The Atlantic Wire is reporting that the financial crisis crime beat has picked up over the past few weeks. Last month's conviction of Lee Farkas, the mortgage swindler responsible for $2.9 billion worth of damage in the financial crisis and the first majo

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Business & Technology

Americans shed mortgage debt at record pace

May 16th, 2011 9:35 am by Staff Report

USA Today is reporting that Americans are reducing mortgage payments at a record clip, directing cash that once went for debt into consumer spending and savings.

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Business & Technology

Make way for the Food Truck Trend

May 16th, 2011 9:21 am by Staff Report

UPI is reporting that dining out is an evolving experience with restaurants trying out not only new cuisines but new ways of getting their fare to diners.

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Business & Technology

Sony begins partial PlayStation Network operation

May 15th, 2011 9:49 pm by Associated Press

TOKYO Sony began restoring its PlayStation Network service in the United States and Europe on Sunday after shutting down the service almost a month ago due to a massive security breach affecting over 100 million online accounts.

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