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Business & Technology

Despite rhetoric, cutting oil subsidies would have little effect on gas prices

May 13th, 2011 6:06 am by Nicholas Kusnetz, ProPublica

Democrats renewed their push to cut oil subsidies this week, saying high gasoline prices and big revenues for oil and gas companies make this as good a time as any to eliminate billions in annual tax incentives to the industry. Republicans countered that

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Business & Technology

Big Oil: Hands off our tax breaks

May 13th, 2011 5:13 am by Staff Report

According to CNN Money oil executives mounted a vigorous defense of their business practices on Thursday -- pushing back against plans to eliminate tax breaks for the "big five" oil and gas companies.

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Business & Technology

Regulators update Congress on financial overhaul

May 12th, 2011 12:50 pm by Associated Press

WASHINGTON (AP) Federal Reserve Chairman Ben Bernanke and other regulators gave Congress an update Thursday on their efforts to implement the biggest overhaul of America's financial rules since the Great Depression.

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Business & Technology

Hedge fund founder convicted in inside-trade case

May 11th, 2011 2:18 pm by Associated Press

NEW YORK (AP) A former Wall Street titan was convicted Wednesday of making a fortune by coaxing a crew of corporate tipsters into giving him an illegal edge on blockbuster trades in technology and other stocks what prosecutors called the largest insider

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Business & Technology

Amazon proposes Nashville, Knoxville distribution centers creating 1,700 full-time, 2,000 part-time jobs

May 9th, 2011 4:35 am by Associated Press

NASHVILLE, Tenn. (AP) Amazon.com has proposed building three more distribution centers in Nashville or Knoxville, Tenn., just as the political debate over the Internet retailer's tax burden in Tennessee is gaining momentum.Amazon.com says in an April 29

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Business & Technology

Why junk bond rally should be cheered, and feared

May 8th, 2011 5:43 pm by Associated Press

NEW YORK Here's a markets riddle for you: What has jumped in value more than its biggest fans expected and withstood worries like slowing U.S. growth, European debt woes and even the specter of the U.S. losing its top credit rating?

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Business & Technology

Gas prices expected to drop 50 cents by summer

May 7th, 2011 4:49 pm by Associated Press

NEW YORK (AP) Some relief from suffocating gas prices will likely arrive just in time for summer vacation. Expect a drop of nearly 50 cents as early as June, analysts say.After rocketing up 91 cents since January, including 44 straight days of increases,

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Business & Technology

MSHA on track to offer $6 million in employee incentives

May 7th, 2011 1:02 pm by Rick Wagner

KINGSPORT If Mountain States Health Alliance continues on its current financial track, MSHA's chief financial officer said employees can look forward to sharing in $6 million to $6.5 million in incentives before the calendar year's end.

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Business & Technology

Haslam remains committed to Amazon tax break

May 6th, 2011 4:54 am by Andy Sher

NASHVILLEGov. Bill Haslam said Thursday he continues to back the Bredesen administration's commitment to Amazon that the company will not be required to collect state sales taxes despite locating two distribution centers in Southeast Tennessee.

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