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Business & Technology

Sony begins partial PlayStation Network operation

May 15th, 2011 9:49 pm by Associated Press

TOKYO Sony began restoring its PlayStation Network service in the United States and Europe on Sunday after shutting down the service almost a month ago due to a massive security breach affecting over 100 million online accounts.

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Business & Technology

Storms creating more work for some businesses

May 14th, 2011 11:21 am by Sharon Hayes

KINGSPORT Chris Shelton has hired extra people and he's working from daylight to midnight, trying to keep up with all the business coming through his doors these days.

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Business & Technology

BAE Systems wins contract to manage and operate Radford Army Ammunition Plant

May 13th, 2011 10:39 am by staff report

RADFORD, Virginia - BAE Systems has been selected by the U.S. Army to manage, operate and maintain the Radford Army Ammunition Plant in southwest Virginia. The operating contract includes a 10-year base plus three five-year options, which, if fully exerci

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Business & Technology

Despite rhetoric, cutting oil subsidies would have little effect on gas prices

May 13th, 2011 6:06 am by Nicholas Kusnetz, ProPublica

Democrats renewed their push to cut oil subsidies this week, saying high gasoline prices and big revenues for oil and gas companies make this as good a time as any to eliminate billions in annual tax incentives to the industry. Republicans countered that

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Business & Technology

Big Oil: Hands off our tax breaks

May 13th, 2011 5:13 am by Staff Report

According to CNN Money oil executives mounted a vigorous defense of their business practices on Thursday -- pushing back against plans to eliminate tax breaks for the "big five" oil and gas companies.

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Business & Technology

Regulators update Congress on financial overhaul

May 12th, 2011 12:50 pm by Associated Press

WASHINGTON (AP) Federal Reserve Chairman Ben Bernanke and other regulators gave Congress an update Thursday on their efforts to implement the biggest overhaul of America's financial rules since the Great Depression.

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Business & Technology

Hedge fund founder convicted in inside-trade case

May 11th, 2011 2:18 pm by Associated Press

NEW YORK (AP) A former Wall Street titan was convicted Wednesday of making a fortune by coaxing a crew of corporate tipsters into giving him an illegal edge on blockbuster trades in technology and other stocks what prosecutors called the largest insider

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Business & Technology

Amazon proposes Nashville, Knoxville distribution centers creating 1,700 full-time, 2,000 part-time jobs

May 9th, 2011 4:35 am by Associated Press

NASHVILLE, Tenn. (AP) Amazon.com has proposed building three more distribution centers in Nashville or Knoxville, Tenn., just as the political debate over the Internet retailer's tax burden in Tennessee is gaining momentum.Amazon.com says in an April 29

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