Nissan hooks up with electric chargers
Posted on February 28, 2009 at 5:30 pmThe car maker and its sibling Renault have signed a deal to work with British company Elektromotive, which builds electric car-charging stations.
The bays, called Elektrobays, provide easy access for charging a vehicle. They are typically located within a short distance of parking spaces and provide a secure, weather-proof attachment to the vehicle. The Elektrobays provide up to 240 volts and 16 amps of power depending upon which country they are installed in. They are accessed through a key fob and lock shut during use to prevent tampering.
See also: Nissan making electric music and Nissan wants piece of Energy Department pie
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Romance without finance is a nuisance
Posted on February 27, 2009 at 7:04 pmThe still single but now formerly affluent are having a tougher time on the dating circuit these days:
From investment bankers to real estate developers to construction workers, no job means no buying rounds of $15 martinis for a pretty woman and her girlfriends. No hosting parties in the bachelor loft. And often, no idea how to present one’s new self on the dating market.
“It’s been incredibly stressful for me,” said Neil Welsh, 27, the guy in the suit, who until last year was marketing director for a booming real estate company. “I was so used to using my financial situation to leverage my dating.”
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SEC files amended complaint against Stanford
Posted on at 7:00 pmFrom the Commercial Appeal:
Today, the Securities and Exchange Commission released an amended complaint against Stanford and its top executives, R. Allen Stanford, James M. Davis and Laura Pendergest-Holt.
The complaint alleges that “for at least a decade,” Davis and Allen Stanford, through the companies they control under the Stanford umbrella, “executed a massive Ponzi scheme.”
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NAI’s Greene takes top award
Posted on at 2:22 pm
NAI Nashville Manager Partner Nate Greene was honored recently with NAI Global’s President’s Award for performance in 2008.
The award is meant to go “to the individual who best demonstrates a true commitment to the strategic vision of the organization by leading in action, teamwork and business generation,” according to a press release.
Greene was presented with the award at the company’s 2009 convention in Las Vegas this February. He was honored as the top executive among the company’s 5,000 employees spread across 55 countries.
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Lottery extends ticket supplier deal
Posted on at 2:02 pm
The Tennessee Education Lottery has added four years to its contract with Scientific Games, which is worth about $9 million annually. The entities will now work together through 2015 on ticketing and logistics.
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Latest Cracker Barrel CD comes from Dolly
Posted on at 1:48 pm
The Lebanon-based restaurant chain will be the exclusive outlet for “Backwoods Barbie,” a disc that features three new songs from country queen Dolly Parton.
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A bunch of economists walk into a blogging convention…
Posted on at 1:43 pmThe Kauffman Foundation is bringing together economic bloggers from around the nation. Among them is Belmont professor Jeff Cornwall, author of The Entrepreneurial Mind.
On the other hand, Robert X. Cringely, a blogging pioneer, says the typical impact [of blogs on public policy] is far less dramatic. “It annoys public policymakers and, to a certain extent, makes them think,” says Cringely, “but I think the effect is still muted and the general press has the most impact — for now.”
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How far apart are they?
Posted on at 8:53 amThe economy contracts:
The economy contracted at a staggering 6.2 percent pace at the end of 2008 — the worst showing in a quarter-century — as consumers and businesses ratcheted back spending, plunging the country deeper into recession.
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California HCA hospital boss out
Posted on at 7:52 amStoneCrest’s Neil Heatherly isn’t the only HCA hospital CEO to leave the company this week. The chief of a 265-bed facility north of Los Angeles also is packing his bags.
Regional bank stocks fall further on Citi news
Posted on at 7:38 amPre-market investors are selling off shares of many of Nashville’s biggest banks after news that the government will take a 36 percent stake in Citigroup. Here’s a quick roundup as of 7:30 a.m. CST:
Regions Financial - down 16 percent to $3.31
Bank of America - down 21.6 percent to $4.17
SunTrust - down 12.4 percent to $11.35
Fifth Third - down 28 percent to $1.65
First Horizon - down 7.8 percent to $8.80
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Citi goes more national
Posted on at 7:26 am
The Treasury is converting its preferred shares in Citigroup to common, giving it a 36% stake in the company, which also is bringing in new money from other investors. The plan, which involves an overhaul of the board, has the shares of Citigroup (Ticker: C) down 40 percent in pre-market trading.
The deal is expected to serve as a model for other financial institutions. Other major banks could find themselves in a similar position in the coming weeks if a new “stress test” shows they do not have sufficient capital, or the right amount of common stock, to appease regulators. Administration officials say they will convert the government’s existing preferred stock investments into common shares and, if necessary, make additional investments to stabilize the banks.
SEE ALSO stories from the AP, Bloomberg, CNN Money, and word from CEP News on the impact the move is having on overnight bank lending rates.
Leaps and bounds
Posted on February 26, 2009 at 11:15 pmTennessee’s unemployment rate jumped a full percentage point from December to January. It now stands at 8.6 percent, up from 5.3 percent a year ago.
December-to-January job gains occurred in professional, scientific, and technical services, which increased by 2,900; repair and maintenance added 200 jobs. Declines included trade, transportation and utilities, down 21,800; administrative, support and waste services were down 14,700, and leisure and hospitality lost 9,600 jobs.
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Browsing AmSurg’s 10-K
Posted on at 9:56 pmA few quick notes from the annual report filed Thursday by surgery center operator AmSurg:
- The company has acquired three surgery centers (but announced none of them) for a total of $16.5 million. Company execs, who snapped up 40 centers in ‘07 and ‘08, have said in recent months that they see opportunities in a market with far fewer potential buyers.
- The company’s buyback program has spent $12.4 million of the $25 million allotted to it in September and offset the impact of all 2008 stock option exercises. The average price of the shares bought back (Ticker: AMSG) was $24, 60 percent above Thursday’s close.
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Regional bank unTARPs itself
Posted on at 9:34 pmAfter accepting $90 million from the Treasury in December, Iberiabank’s board has decided the recent tweaks to the plan – which famously added restrictions on executive compensation – have placed the company (Ticker: IBKC) at “an unacceptable competitive disadvantage.”
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Stonecrest CEO resigns
Posted on at 6:12 pm
WKRN reports that StoneCrest Medical Center CEO Neil Heatherly resigned yesterday. The departure was announced Wednesday in a department director level meeting within TriStar Health Systems.
Heatherly has been the only CEO since the center opened in late 2003.
SEE ALSO: TriStar can’t move beds to StoneCrest and California HCA hospital boss out
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