Kingsport Times News Monday, March 2, 2015
Business & Technology

Morgan Keegan paying $200M to settle mortgage fraud charges

June 23rd, 2011 4:25 am by Associated Press

WASHINGTON (AP) Investment firm Morgan Keegan & Co. is paying $200 million to settle civil fraud charges that it overstated the value of mortgage investments just as the housing market was collapsing in 2007 and lured buyers of its funds with false sales

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Business & Technology

US debt issue awaits action, spirals toward European crisis

June 23rd, 2011 4:22 am by Associated Press

WASHINGTON (AP) The rapidly growing national debt could soon spark a European-style crisis unless Congress moves forcefully, the Congressional Budget Office warned Wednesday in a study that underscored the stakes for Vice President Joe Biden and negotiat

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Business & Technology

Kingsport home prices increase in May

June 22nd, 2011 2:26 pm by Don Fenley

Fewer previously occupied homes were sold in Kingsport during May but the average price of homes that did sell were higher than last year.So far this year 124 homes have been sold in the Model City. During the first five months of last year 150 were sold.

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Business & Technology

Fed acknowledges economy is growing more slowly

June 22nd, 2011 1:01 pm by Associated Press

WASHINGTON (AP) The Federal Reserve acknowledged Wednesday that the U.S. economy is growing more slowly than it expected. But it said it will complete its $600 billion Treasury bond buying program by June 30 and announced no further efforts to boost the

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Business & Technology

Eastman to acquire Sterling Chemicals for $100 million in cash

June 22nd, 2011 9:20 am by staff report

KINGSPORT, Tenn. - Eastman Chemical Company today announced that it has entered into a definitive merger agreement to acquire Sterling Chemicals, Inc., a single site North American petrochemical producer, for $100 million in cash, subject to modest deduct

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Business & Technology

Bankers say their recovery outpaces economy's

June 22nd, 2011 4:42 am by Associated Press

That's despite banks' struggles to replace the revenue lost after Congress and regulators imposed strict new limits on certain fees and speculative investment.Outside of the financial industry, however, bankers see more tough times. More than 60 percent s

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Business & Technology

Fed still faces challenges keeping economy growing

June 22nd, 2011 4:20 am by Associated Press

WASHINGTON (AP) We may be into the second year of the economic recovery, but Federal Reserve Chairman Ben Bernanke and his colleagues are still facing plenty of challenges as they try to keep a fragile expansion on track.

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Business & Technology

Haslam: It's a 'buyer's market' for business expansion in Tennessee

June 22nd, 2011 4:19 am by Hank Hayes

Gov. Bill Haslam says it's a "buyer's market" in Tennessee for relocating and expanding businesses.

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