Kingsport Times News Thursday, October 2, 2014
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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Business & Technology

Racial disparities persist in higher-paying jobs

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

Blacks and Hispanics lag behind whites for higher-paying jobs at the largest rates in about a decade as employment opportunities dwindled during the nation's economic woes and housing slump.

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Business & Technology

Appco workers hope restructuring allows them to get back to 'normal life'

April 25th, 2009 12:00 am by Jeff Keeling

Appco employees are gaining hope now that an outsider has been brought in to whip the bankrupt company into shape and sell off the 58-store chain.

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Business & Technology

Tri-Cities region among nation's leaders for digitizing medical records

April 24th, 2009 12:00 am by Sharon Hayes

KINGSPORT Thousands of patient files lining the walls of physician offices throughout the nation may soon disappear as part of a plan to digitize the nation's medical records. And the Tri-Cities region is at the forefront of the effort.

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Business & Technology

High-level job cuts help Eastman's bottom line

April 24th, 2009 12:00 am by Sharon Hayes

KINGSPORT Eastman Chemical Co.'s recent job cuts included employees near the top of the corporate ladder. "The highest percentage reduction of people was at the vice president (level), and the next highest was at the director level," said Jim Rogers, who

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Business & Technology

Champions to spearhead NETWORKS five goals

April 23rd, 2009 12:00 am by Rick Wagner

BLOUNTVILLE Sullivan County's joint economic development effort has identified "champions" for five goals addressed at a February education and work force development summit.

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