Embattled CPA/developer pulls gun
Posted on July 31, 2009 at 3:23 pmA Cool Springs office building was evacuated today after an accountant and real estate investor reportedly pulled a pistol on someone who had come to his office. Mindy Tate of the Williamson Herald has the details:
Stewart Heath, whose Equity Real Estate office at 3333 Aspen Grove Drive in Franklin’s Cool Springs area was surrounded by police earlier today, surrendered to authorities after pulling a gun on another individual who came into the office, according to Franklin Police Sgt. Charles Warner, communications spokesperson.
Earlier this week, Civic Bank in Nashville won a $1.1 million judgment against Heath, who had reportedly told employees earlier this month today would be their last day at work.
CB&T’s complaint against Heath is available here, courtesy of a nemesis blog set up by residents of condo development The Village at Grassmere. They seem to have issues with Heath.
A peek at the C-A’s database of handgun carry permit holders reveals that Heath has a license to pack heat. Gentle readers, you may now proceed to yell at each other all weekend about the fact just mentioned.
Upping V-dub’s sex appeal
Posted on at 1:42 pm
Building a plant in Chattanooga will be huge in helping Volkswagen take on the U.S. market, but its pending tie-up with Porsche will add the sizzle.
“VW’s image in the U.S. could benefit significantly from Porsche,” says Jürgen Meyer, a fund manager with SEB Asset Management in Frankfurt. “Americans don’t know Audi, but they know Porsche as a premium brand and that will rub off on VW. They could possibly use the Porsche brand name to create a group of premium models like we see today with Audi, but with better brand recognition.”
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CCA fights Kentucky negligence accusation
Posted on at 1:32 pmCorrections Corp. of America has asked a Kentucky judge to dismiss the lawsuit filed by a prisoner who says the company (Ticker: CXW) failed to prevent her from being raped by a security guard and ignored other reports of sexual harassment and assault.
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Discount retailer sets up shop in Antioch
Posted on at 12:44 pmGeorgia-based Citi Trends will set up shop on Mount View Road as part of a broader expansion push across the Southeast.
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Texas information security tech firm comes to Nashville
Posted on at 10:21 amMainNerve, a San Antonio-based information security technology services company, is expanding its business to Nashville. Mark Burnette, who joined as president of the company’s central region, will establish the local presence for the company and lead MainNerve’s security, audit, and compliance services business line globally. He is also responsible for MainNerve’s Adaptive DarknetTM, which is pending patent.
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Tennessee Commerce raises share limit
Posted on at 7:10 amShareholders of the Franklin-based bank have voted to double the number of shares it can issue to 20 million. The company, which had 4.7 million shares outstanding on June 30, earlier this month filed to raise up to $50 million, but its current share price (Ticker: TNCC) means that would require issuing more than 10 million shares.
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Well, that didn’t take long
Posted on at 7:05 am
The cash-for-clunkers program, which has met with a strong response and boosted sales for a number of auto makers, appears to be out of cash.
Corker wants more powerful FDIC
Posted on at 6:34 amJosh Flory passes on word of legislation co-written by Bob Corker that would give the Federal Deposit Insurance Corp. power to shut down bank holding companies.
I think it’s important to create this mechanism and provide clarity so that as we approach broader regulatory reform we don’t have the moral hazard of a ‘too big to fail’ mentality.
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Trade e-commerce firm gets CEO
Posted on at 6:24 am
Bobby Frank, who last year founded trade software firm BorderJump, has committed himself full-time to running the firm, leaving behind his duties at advertising agency Frank/Best International.
“BorderJump is entering a rapid growth stage and the potential is tremendous,” says Frank. “In a very short period of time, we have developed relationships with some of the country’s largest e-commerce merchants and the demand for what we’re doing is exceeding what we expected to see at this stage.”
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For-profit schools firm dropped by Atlanta
Posted on July 30, 2009 at 3:10 pmCommunity Education Partners, which has been paid more than $50 million by Atlanta’s schools system since 2002, has not had its contract renewed. The good news? The ACLU has removed the company from its lawsuit alleging the violation of students’ constitutional rights.
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Belmont an entrepreneurial hotbed
Posted on at 12:35 pmThe entrepreneurship students at Belmont’s business school are more than holding their own in The Global Student Entrepreneur Awards.
“I continue to be amazed by the entrepreneurial spirit of our students. We need this generation of entrepreneurs to help us revitalize our economy.”
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New buses to boost MTA’s green efforts
Posted on at 11:51 amThe Metro Transit Authority is looking forward to acquire three buses from stimulus money for its green Bus Rapid Transit route on Gallatin Pike. The BRT program will consist of these additional buses along with the new hybrid ones already in service on the Gallatin route, the upgraded stations with real-time bus arrival information, ticket vending machines and the already-installed Transit Signal Priority equipment.
“Providing separate lanes may be something we’re able to do in the future but that requires a much more significant investment,” said Jim McAteer, director of planning at MTA.
According to Federal Transit Administration, a BRT corridor aims to improve speed and reliability of bus transit with the implementation of dedicated transitways/busways, limited-stop and express services, and exclusive bus lanes.
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BofA could lose Lebanon
Posted on at 9:14 amAfter a software glitch rejected more than 200 Lebanon city employees’ paychecks, Mayor Philip Craighead tells Channel 4 he’s looking for a local bank to replace Bank of America.
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How incivil is your company?
Posted on at 9:00 amThe FT’s Stefan Stern reviews “The Cost of Bad Behavior,” a new book on how a lack of manners is lowering profits around the globe.
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Pharmacy bringing 200 jobs to Antioch
Posted on at 8:35 amYear-old PromisCare says it expects to hire up to 50 people every six months to help handle mail-order shipments from its new Bakertown Road site.
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