Kingsport Times News Thursday, April 17, 2014
Business & Technology

Ferguson's term as Eastman CEO will end Thursday

May 2nd, 2009 12:00 am by Sharon Hayes

KINGSPORT This Thursday, J. Brian Ferguson will serve his last official duty as chief executive officer of Eastman Chemical Co., presiding over the annual meeting of shareholders. And while he'll continue to serve as executive chairman of the board throu

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Business & Technology

Rogersville TRW plant shuts down temporarily due to Chrysler's financial woes

April 30th, 2009 12:00 am by Jeff Bobo

ROGERSVILLE The ripple effect of Chrysler's bankruptcy and production stoppage announcement Thursday hit Rogersville hard, as the local TRW Automotive plant followed suit with an immediate work stoppage of its own. At 3 p.m. Thursday, TRW employees in Ro

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Business & Technology

Bank lobby, voter frustration with bailouts keep Obama from wielding heavy stick on banks

April 30th, 2009 12:00 am by Associated Press

WASHINGTON (AP) -- Effective lobbying by bankers and voter frustration with taxpayer-funded "bailouts" have kept President Barack Obama from making good on his promise to wield a heavy stick against a financial industry blamed for derailing the economy.

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Business & Technology

'Our cost structure is out of hand,' says Wellmont CEO

April 29th, 2009 12:00 am by Sharon Hayes

KINGSPORT Wellmont Health System must care for its ailing bottom line to meet the challenges of today and tomorrow, and that starts with a complete self-examination.

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Business & Technology

Fed leaves interest rate at record low; sees signs recession easing but warns economy will remain weak; S&P hits 3-month high

April 29th, 2009 12:00 am by Staff Report

The Federal Reserve on Wednesday said it see signs the recession may be easing, but warned that the economy is likely to remain weak.Against that backdrop, Fed Chairman Ben Bernanke and his colleagues left a key interest rate at a record low of between ze

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Business & Technology

Wellmont announces second round of layoffs; 40 more workers lose jobs

April 29th, 2009 12:00 am by Sharon Hayes

KINGSPORT Another 40 employees at Wellmont Health System will lose their jobs this week, and other employees will be reassigned as the ailing health system continues to take steps to improve operational efficiency.

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Business & Technology

Douglas Dynamics shutting down Johnson City snowplow plant

April 28th, 2009 12:00 am by Rex Barber

JOHNSON CITY About 100 factory jobs will be gone from the area in 2010 when snowplow manufacturer Douglas Dynamics shuts down its Johnson City plant to focus on expanding facilities in the North.

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Business & Technology

Volkswagen officials meet with potential suppliers at BMS

April 28th, 2009 12:00 am by Kevin Castle

BRISTOL, Tenn. Volkswagen of America had company officials at Bristol Motor Speedway Tuesday to meet with Northeast Tennessee business owners to explore possible support and supply options for their Chattanooga plant.

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Business & Technology

Consumer confidence soars in April

April 28th, 2009 12:00 am by Associated Press

Hopeful signs that the worst may be over for the economy boosted Americans' moods in April, sending a closely watched barometer of sentiment to the highest level since November.The New York-based Conference Board said Tuesday that its Consumer Confidence

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