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Business & Technology

Eastman on track to reach record earnings

October 30th, 2010 8:22 am by Sharon Hayes

KINGSPORT Eastman Chemical Co. is on track to reach record earnings for the year.Eastman President and CEO Jim Rogers told industry analysts Friday morning he expects the company to earn more than $7 per share in 2010.

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Business & Technology

September was 8th month of job growth for Kingsport, Johnson City, Bristol labor markets

October 29th, 2010 2:12 pm by Don Fenley

September was the eight straight month of job growth for Kingsport, Johnson City and Bristol. That's the good news. The not-so-good news in Kingsport and Bristol is the job growth is not nearly as robust as it was earlier in the year. And while Johnson C

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Business & Technology

Mild increase in economic growth expected in Q3

October 29th, 2010 4:24 am by Associated Press

WASHINGTON (AP) The economy likely expanded at a greater rate last quarter as Americans loosened a tight grip on their wallets. But the expected pickup in growth wasn't strong enough to make a noticeable dent in high unemployment.Leading economists polle

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Business & Technology

Eastman sets back-to-back earnings records

October 28th, 2010 8:12 pm by Sharon Hayes

KINGSPORT Chalk another one up for the record books. Strong sales fueled by growing worldwide demand led to record earnings for the second quarter in a row for Kingsport-based Eastman Chemical Co. Late Thursday, Eastman posted net income of $170 million

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Business & Technology

Third quarter weak 'but not terrible' for Tri-Cities new home permits

October 28th, 2010 3:30 am by Don Fenley

president of The Marketing Edge in Knoxville. Atkins said most of the markets his firm monitors bottomed out in the first quarter of 2009 and have been "climbing out of that dark hole for five consecutive quarters."

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Business & Technology

New fund will provide millions to Tenn. businesses

October 27th, 2010 2:01 pm by Associated Press

NASHVILLE, Tenn. (AP) Tennessee is launching a new multimillion dollar fund to provide loans to small businesses across the state.The Tennessee General Assembly appropriated $10 million for the Small Business Jobs Opportunity Fund. Pathway Lending is rai

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Business & Technology

New home sales rise 6.6% after dismal summer

October 27th, 2010 11:37 am by Associated Press

WASHINGTON (AP) Sales of new homes improved last month after the worst summer in nearly five decades, but not enough to lift the struggling economy.The Commerce Department says new home sales in September grew 6.6 percent from a month earlier to a season

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Business & Technology

TV commercials shrink to match attention spans

October 27th, 2010 11:28 am by Associated Press

NEW YORK (AP) And now, a word from our sponsors. A very brief word.TV commercials are shrinking along with attention spans and advertising budgets. The 15-second ad is increasingly common, gradually supplanting the 30-second spot just as it knocked off t

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Business & Technology

Kingsport home prices hit 15-month high in September, sales volume down

October 25th, 2010 3:02 pm by Don Fenley

Kingsport's existing home sales and prices moved in the opposite direction from what happened on the national level during September.Locally the average sales price was up - a 15-month high - and the sales volume was down. According to the National Associ

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Business & Technology

Eastman Chemical sells PET business

October 25th, 2010 11:51 am by Sharon Hayes

KINGSPORT -- It's official: Eastman Chemical Co. is exiting the PET business.The Kingsport-based company announced Monday it plans to sell its polyethylene terephthalate (PET) business to DAK Americas, LLC, in a deal valued at $600 million.The transaction

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