More City Business Articles

Investors sue brokerage firm tied to accused swindler

Whether a Florida investment firm took on Michael J. Park as an affiliate broker with full knowledge of his checkered past or not, it was “extraordinarily reckless,” say two investors who filed suit against 1st Discount Brokerage yesterday in Nashville’s federal court. More

Walgreens cries foul over BlueCross business

As the latest move in a continued bout of head-butting, Walgreens, the nation’s largest drugstore chain, has filed a lawsuit in Tennessee’s Middle District Court accusing pharmacy benefits manager Caremark of unfair trade practices. More

Oil falls to 13-week low on signs storm to miss Gulf facilities

Crude oil fell to a 13-week low amid speculation that Tropical Storm Edouard will miss most offshore oil facilities as it approaches the coast of Texas. More

Developer Vastland adds commercial exec

Vastland Cos., the property developer that has made its name focusing on residentlal and retail projects, has hired Ken Renner to oversee its commercial leasing efforts. More

Marketplace: Injury lawyers buy high-rise near Capitol

Personal injury law firm Hughes & Coleman has bought 446 James Robertson Parkway for a bit more than $3 million. More

New owner moving forward with former Ford glass plant

When a start-up backed by a billionaire offered to buy Ford’s Nashville glass plant in 2007, local union members eagerly approved a contract that halved their salaries at every pay echelon and raised the cost of their insurance plans by 20 percent. More

Bricks & Mortar: Lowe's for North Nashville

Home improvement retailer Lowe’s has begun building a 150,000-square-foot retail store in North Nashville. More

Creating Places: Deaderick due for surgical improvement

Few surgical procedures will prove to be more difficult. More

Banking on bad times

Trite as it may sound, the maxim that Nashville’s diversified economy takes the edge off national economic problems still holds true — and it is shielding many local banks from the smelliest of the subprime sludge and other credit problems. There is still a bitter pill to swallow. More

GooGoo manufacturer on the move with airport-area project

A warehouse in the Nashville airport area is trading in plastic injection molding for GooGoo Clusters. More

The Chatter Class: Nashville’s hotel tax is about to jump

On Thursday, Nashville’s hotel rooms take another step toward becoming more expensive each night. More

Nashville At Law: Investors sue over mutual fund meltdown

A prominent local restaurant entrepreneur and a well-known Nashville construction company are among those suing brokerage house Morgan Keegan & Co. over huge investment losses they have reportedly suffered. More

On music row: Sugarland sales sweet

SoundScan scanners might see the sales chart’s July 27 numbers and almost be fooled into believing they were looking at charts from a few years ago — which is to say that things looked pretty good. Sugarland and Miley Cyrus debuted with 371,000 and 314,000 units respectively. More

Real estate transactions

Dave Says

Dear Dave, Recently, I had an accident at work and lost a couple of fingers. I was given a one-time settlement of $500,000. I’ve gotten another job since then, my wife and I are both in our thirties and we’ve got our eye on a house that appraised for $50,000. More

Executive Appointments

Centerre expands development team More Zycron promotes Briggs Record label manager hires two Margotta joins New Day Bell hires vice president of commercial building Dill joins Tennessee Agents Alliance Group New GM, sales exec at TPAC

Real Estate Matters: Lesson No. 1 for new renters: Insurance is key

The number of foreclosures has doubled since last year. That means a lot of former homeowners are now looking for a new place to hang their hats. More

Tennessee Commerce replaces fired CFO

Franklin-based Tennessee Commerce Bancorp has hired Frank Perez away from his position as vice president and chief financial officer at Cumberland Bank & Trust in Clarksville. More

Passport recapitalization tops $200M

Two large private equity firms are the new majority owners of Franklin-based Passport Health Communications after a recent recapitalization worth $232 million. More

Nissan offers buyouts to Tennessee plant workers

Citing slumping truck sales, Nissan North America is offering buyouts to employees at its Smyrna and Decherd plants, which employ a combined 6,600 people. The auto manufacturer also is eliminating its truck night shift on Aug. 11. More