More City Business Articles

Discount retailer Steve & Barry’s files bankruptcy

Steve & Barry’s LLC, the discount seller of clothing lines by celebrities including Sarah Jessica Parker, sought protection from creditors, joining at least 10 U.S. retailers in bankruptcy this year as consumers cut spending. More

Convicted fraudster, Steven Green, loses local properties

He owes his lenders tens of millions, faces a prison term of nearly three years, and “often shreds the bed linens with his teeth when frustrated,” according to his lawyer. More

U.S. stocks gain on oil price drop

U.S. stocks rallied the most in a month yesterday, led by banks and transportation companies, after JPMorgan Chase & Co.’s chief executive officer said losses in credit markets will ease and oil posted its biggest drop since March. More

Bernanke says Fed may continue bank loans into 2009

Federal Reserve Chairman Ben S. Bernanke, seeking to allay renewed concerns over the health of the nation’s financial system, said yesterday that the central bank may extend its emergency-loan program for investment banks into next year. More

Microsoft may revive Yahoo talks

Microsoft Corp. said Monday it might revive takeover talks with Yahoo! Inc., the second most popular U.S. search engine, if investors back Carl Icahn’s attempt to oust the board and Chief Executive Officer Jerry Yang. More

Freddie Mac, Fannie Mae plunge on capital concerns

Freddie Mac and Fannie Mae fell to their lowest levels in 13 years in New York Stock Exchange composite trading as concerns grew the two largest U.S. mortgage-finance companies may need to raise more capital to overcome writedowns and satisfy new accounting rules. More

Creating Places: City fails to douse fire with Station 9

It’s a recent Tuesday morning in our ever-changing city, warm but with a soothing light breeze. More

Suing the plaintiffs: AIG fires back at Stokes victims

The legal fallout from the collapse of employee benefits firm 1Point Solutions has drifted in a new direction. More

Marketplace: Hewlett’s not packing for anywhere else

Hewlett-Packard seems to be clearly staying in Nashville. More

New Businesses

City’s ‘green’ trend still years away

Increasingly across the country, the “green” trend in commercial real estate is extending beyond government tenants. More

Unique plan may help private aircraft business take flight

Private aircraft ownership has a variety of structures. Some work and some don’t. More

The Chatter Class: May Town Center opponents positioned poorly

Opponents to May Town Center may have a tough time winning. More

On Music Row: Is country music an economic indicator?

The first half of 2008 is now officially in our rearview mirror and country music album sales, which started slipping in 2007, remain under duress — down 16.6 percent YTD and showing more hurt than the total industry which is down a less severe 11 percent. More

Executive Appointments

Davidson County adds two assistant district attorneys More Hussey named president Community Medicine adds sales coordinator InsBank names assistant vice president Walker joins Barge Waggoner Sumner & Cannon Volunteer State Bank promotes three Smith named managing attorney for Legal Aid Johnston & Murphy names director of accessories

Use social networking sites to snag ‘twentysomething’ home buyers

Despite the housing recession, there are still more than 1.5 million real estate agents in the United States. More

Real estate transactions

Dave Says

Dear Dave, I’m 33 and a resident doctor with $250,000 in student loan debt. This is the only debt I have, and I’ve managed to scrape together about $1,000 in savings. More

The Icon signs first retailer

The Icon has signed its first retail tenant and another restaurant is coming to The Gulch. More

Starbucks plans to close 600 U.S. stores, cut 12,000 workers

Starbucks Corp., the world’s largest chain of coffee shops, plans to close 600 ‘underperforming’ U.S. stores and eliminate as many as 12,000 jobs as it tries to reverse declining customer visits. More