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Business & Technology

TVA triples its chief executive's salary, gives staff bonuses averaging more than $6,900

November 20th, 2010 11:25 am by Associated Press

CHATTANOOGA, Tenn. (AP) The Tennessee Valley Authority more than tripled the pay of its chief executive and will give employees bonuses averaging more than $6,900.

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Business & Technology

Drug company paid top athletes to attract doctors

November 20th, 2010 9:26 am by Marian Wang, ProPublica

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Business & Technology

Darvon, Darvocet painkillers pulled from U.S. market

November 20th, 2010 8:37 am by Associated Press

WASHINGTON Although still in wide use more than a half-century after introduction, Darvon and Darvocet and their generic counterparts are easily replaceable, pain management experts said Friday after the Food and Drug Administration asked that the popula

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Business & Technology

Risk of foreclosure dips, but remains elevated

November 19th, 2010 1:43 pm by Associated Press

NEW YORK (AP) The number of Americans at risk of foreclosure improved slightly over the summer but hardly enough to suggest the crisis in the housing market is close to over.The Mortgage Bankers Association said Thursday about 9.1 percent of homeowners h

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Business & Technology

Japanese company announces $30 million Washington County Industrial Park expansion

November 19th, 2010 4:35 am by Kate Prahlad

Koyo Corp. of USA, a Japanese company located in the Washington County Industrial Park, will immediately begin construction on a more than $30 million expansion of its manufacturing plant, company officials announced Thursday.The 61,000-square-foot projec

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Business & Technology

Rise in factory production lifts hopes for economy

November 17th, 2010 5:08 am by Associated Press

WASHINGTON (AP) After leading the economy out of recession last year and then flagging over the summer, manufacturers might be getting a second wind.Factories boosted their output in October by the most since July, the Federal Reserve said Tuesday. Its r

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Business & Technology

Feds sue defunct Tenn homebuilder over 401(k) plan

November 17th, 2010 4:28 am by Associated Press

FRANKLIN, Tenn. (AP) The U.S. Department of Labor is suing defunct Tennessee homebuilder Corinthian Custom Homes Inc. and its fiduciaries to restore losses suffered by participants and beneficiaries of the company's 401(k) retirement plan.According to a

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Business & Technology

Sales tax collections edge up in Sullivan County for September

November 17th, 2010 4:26 am by J. H. Osborne

BLOUNTVILLE Countywide sales tax collections, as a whole, were up slightly in September compared to a year earlier, according to a report prepared by the Sullivan County Accounts and Budgets Office. Those collections came back to the county and it

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Business & Technology

Exide adding 90 jobs at Bristol plant

November 17th, 2010 4:21 am by Kate Prahlad

BRISTOL, Tenn. The Exide Technologies plant in Bristol is adding 90 jobs to its current work force of 375, according to plant manager Jim York, who cited increased demand and new business for the added positions.

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Business & Technology

Watchdog report warns banks could lose billions due to sloppy mortgage records

November 16th, 2010 10:57 am by Associated Press

WASHINGTON (AP) The disarray stemming from flawed foreclosure documents could threaten major banks with billions of dollars in losses, deepen the disruption in the housing market and hurt the government's effort to keep people in their homes, according t

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