Kingsport Times News Sunday, December 21, 2014
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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Business & Technology

Employers facing cost hikes look at options to new health care law

October 24th, 2010 9:06 pm by Associated Press

The new health care law wasn't supposed to undercut employer plans that have provided most people in the U.S. with coverage for generations.

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Business & Technology

Obama: Consumers lose if financial overhaul repealed

October 23rd, 2010 10:26 pm by Associated Press

WASHINGTON President Barack Obama says consumers would lose if Republicans regain power in Congress and try to roll back his hard-won Wall Street overhaul.

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Business & Technology

Toyota recalling 1.53 million cars

October 21st, 2010 4:50 am by Associated Press

TOKYO (AP) Toyota Motor Corp. said Thursday it is recalling 1.53 million Lexus, Avalon and other models, mostly in the U.S. and Japan, for brake fluid and fuel pump problems.Toyota will call back about 740,000 cars in the U.S. for repairs and 599,000 in

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Business & Technology

Nation's slow-growth economic area includes Tri-Cities

October 21st, 2010 3:40 am by Associated Press

The U.S. economy grew unevenly in early fall, with more than half of the regions in the country expanding modestly while others struggled to grow. A survey by the Federal Reserve released Wednesday found that seven of the Fed's 12 regions reported mode

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Business & Technology

Kingsport foreclosure filings post big Sept. increase

October 20th, 2010 1:04 pm by Don Fenley

Foreclosure filings in Kingsport more than doubled during September ending six months of steady declines.The increase coincided with a national increase that RealtyTrac CEO James Saccacio said probably wouldn't last. His opinion was based, in part, on sev

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Business & Technology

Market woes threaten quality of U.S. beef

October 20th, 2010 4:25 am by Associated Press

AINSWORTH, Neb. In this Great Plains ranching town, cowboys still lasso steers as part of their daily routine and cattle producers such as Bob Sears still take pride in the long tradition of raising American beef. But Sears and many other ranchers say

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Business & Technology

Banks unlikely to quell foreclosure-document mess

October 20th, 2010 4:18 am by Associated Press

WASHINGTON (AP) Big lenders are trying to move past the foreclosure-document mess, saying they're now confident their paperwork is accurate.Yet they face so much organized resistance that they can't just snap up their briefcases, declare the crisis over

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