Kingsport Times News Saturday, August 30, 2014
Business & Technology

NN Inc. reports $9.5 million loss; cost-cutting may be on the way

May 7th, 2009 12:00 am by JEFF KEELING

Just six months after it was generating record profits, locally headquartered manufacturer NN Inc. reported a $9.5 million first-quarter loss Wednesday and warned of further cost-cutting as it continued to be hammered by the global recession. In ad

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Business & Technology

Sculpture Walk, band competition among top winners at Pinnacle Awards

May 6th, 2009 12:00 am by Sharon Hayes

KINGSPORT Kingsport's Sculpture Walk and the Tennessee Valley Showcase Marching Band Competition were among the top winners Wednesday at the 12th annual Pinnacle Awards, presented by the Northeast Tennessee Tourism Association.

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Business & Technology

Fed chief more optimistic, predicts turnaround in '09

May 5th, 2009 12:00 am by Associated Press

WASHINGTON Federal Reserve Chairman Ben Bernanke gave his most optimistic prediction yet Tuesday about the end of the recession, saying he expects the economy to start growing again this year although the comeback could be weak and more jobs will disapp

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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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