Kingsport Times News Sunday, July 5, 2015
Business & Technology

FDIC says 12% of banks lacked adequate capital cushion

May 24th, 2011 10:45 am by Associated Press

WASHINGTON (AP) The number of banks at risk of failing made up nearly 12% of all federally insured banks in the first three months of 2011, highest level in 18 years.That proportion is about the same as in the October-December quarter last year, though t

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Business & Technology

Kingsport existing home prices up in April, sales volume down

May 24th, 2011 10:15 am by Don Fenley

The average sales price of previously owned homes in Kingsport continued to increase during April while the sales volume remained soft.

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Business & Technology

States shorten duration for unemployment benefits

May 22nd, 2011 8:51 pm by Associated Press

WASHINGTON Some of the states that have drained their unemployment insurance funds are cutting the number of weeks that a laid-off worker can count on those benefits. Legislators are trying to limit tax increases for businesses to replenish the pool and

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Business & Technology

Food City incorporates Earth-friendly features in new downtown store

May 21st, 2011 8:38 am by Sharon Hayes

KINGSPORT Polished concrete floors. Enclosed refrigerator cases. LED lighting. Skylights to let the sunshine in. It's all featured at Food City's newest store in downtown Kingsport, and it's part of the company's efforts to go green to save money and hel

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Business & Technology

JP Morgan Chase CEO warns of US defaulting

May 20th, 2011 4:27 am by Associated Press

DENVER (AP) It would be a "moral disaster" if the United States were to default on its debts and become unable to pay its obligations, JPMorgan Chase & Co. CEO Jamie Dimon said at an appearance in Colorado Thursday evening.

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Business & Technology

Tenn lawmaker drops Amazon.com sales tax bill

May 19th, 2011 4:28 am by Associated Press

NASHVILLE, Tenn. (AP) Tennessee lawmakers on Wednesday backed off trying to force Amazon.com to collect sales taxes on transactions in the state, at least for this year.

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Business & Technology

Mediator appointed in HMG dispute

May 19th, 2011 4:01 am by Sharon Hayes

BRISTOL, Tenn. A Sullivan County chancery judge on Wednesday appointed a mediator to hash out a legal battle between Holston Medical Group and three pediatricians who left the practice to form a new group under the Mountain States Health Alliance umbr

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Business & Technology

High used-car prices make it ideal time to sell

May 18th, 2011 9:58 am by Associated Press

DETROIT (AP) It's the best time in years to sell your car.People are holding on to cars and trucks for about a year longer than they did before the recession, which has created a tight supply of used vehicles. So few are on the market that prices have ri

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Business & Technology

Touchstone Wireless to close Bristol facility; layoffs to begin July 31

May 17th, 2011 5:21 pm by Sharon Hayes

Brightpoint Inc. announced Tuesday it plans to close its subsidiary Touchstone Wireless in Bristol, Tenn., and consolidate operations at plants in Texas and Indiana, impacting more than 600 employees in Bristol. The news comes less than six months after B

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