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Business & Technology

Investors nervous as stock market eyes correction

June 12th, 2011 7:32 pm by Associated Press

NEW YORK Just six weeks ago, the stock market hit its highest point in three years. Then came mounting evidence that the economic recovery may have stalled.

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Business & Technology

After nearly three decades, Johnny's Appliance & Repair closing up shop

June 11th, 2011 10:14 am by Sharon Hayes

KINGSPORT After nearly 30 years in business, Johnny's Appliance & Repair is calling it quits. Owner Johnny Easterling opened the business at 1315 Lynn Garden Drive on Oct. 1, 1984, and sold the building earlier this year, officially closing Johnny's Appl

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Business & Technology

Dow falls below 12K; stocks drop 6 weeks straight

June 11th, 2011 8:00 am by Associated Press

Fears that the global economic recovery has stalled pushed the Dow Jones industrial average below 12,000 for the first time since March and drove the stock market lower for the sixth straight week.Friday's drop extended the longest weekly losing streak fo

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Business & Technology

Coal industry sees EPA proposal causing lower demand for product

June 11th, 2011 6:07 am by Associated Press

CHARLESTON, W.Va. (AP) American Electric Power's plan to shutter a string of aging coal-fired electric plants if regulators adopt strict new pollution rules is likely the first in a series of similar decisions, which has the coal industry bracing for wan

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Business & Technology

Treasury punishes top servicers for failing troubled homeowners

June 10th, 2011 5:03 am by Staff Report

CNN Money is reporting three top mortgage servicers are finally being taken to the woodshed by the Obama administration.

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Business & Technology

In latest attack, hackers steal Citibank card data

June 10th, 2011 4:39 am by Associated Press

NEW YORK (AP) About 200,000 Citibank credit card customers in North America have had their names, account numbers and email addresses stolen by hackers who broke into Citi's online account site.

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