More City Business Articles

Fed cuts interest rate again

The Federal Reserve lowered its benchmark interest rate by half a point to 3 percent, the second cut in nine days, and indicated its willingness to do so again to prevent a U.S. recession. More

Dave Says

Dear Dave, I’ve got the opportunity to take over my father’s small engine shop. He’s semi-retired and doesn’t make a lot with it, but he’s got about $10,000 to $20,000 in inventory already stocked. He might even just turn it over to me, but I’d have to expand it to really make a living. How can I do this and avoid going into debt? More

U.S. new-home sales drop to 12-year low

Purchases of new homes in the U.S. unexpectedly fell to a 12-year low in December, ending the worst sales year since records began in 1963 and signaling little prospect for a recovery. More

The Chatter Class: With three strikes, Gordon is out

The writing on the wall can’t get any clearer for the Nashville Sounds. More

Developers buy Mandrell's Fontanel Mansion

Country singer Barbara Mandrell’s former Whites Creek mansion has new owners as a new CMT reality series Gone Country premieres this evening from the residence. More

Davis, Frist say hello to Cressey & Co.

One of Nashville’s largest law firms is losing a leader but local health care entrepreneurs are getting a beefier source for private equity. More

Davis leaves Waller Lansden Dortch & Davis

Ralph Davis is leaving Waller Lansden Dortch & Davis to become a partner in a Chicago private investment firm that includes former U.S. Senate Majority Leader Bill Frist. More

Dave Says

Dear Dave, I’ve heard you tell people that having $90,000 to $100,000 saved up for retirement isn’t enough. That’s what I’ve got set aside right now, and I’m pretty sure it’s all I’ll ever need. Why do you think everyone should have a million or two saved up? — Tom More

LEED certification’s hot topic for builders

All new Metro buildings over a certain size have to be more energy-efficient under a law the Metro Council passed last year, but it’s private development that is leading the way. More

Opryland gets new hotel neighbors

Ray Dayal and his partners are banking on hitting a market for mid-priced hotel rooms in the Music Valley area. More

Nashville stands ready to serve ServiceSource plans

Yesterday, Nashville’s business community welcomed a new addition. More

ServiceSource makes home in Nashville

A San Francisco technology services company announced today that it is setting up an operation in Nashville. More

Clinton says deteriorating economy creating ‘anxiety’

Democratic presidential candidate Hillary Clinton said the U.S. economy has replaced Iraq as the nation’s top concern and the government must take quick action to avoid a lengthy recession. More

Kroll bucks relocation trend, stays in Nashville

Later this year, Kroll Inc. will move its background screening division out of the Midtown area. More

It’s unlikely mall developers will get tax incentives

Developers hoping to redevelop Bellevue Center likely will not get the $12 million in tax incentives they wanted for the project. More

The Chatter Class: Winner take all?

More than a few people think developer Tony Giarratana has his back against the wall trying to build the 70-story Signature Tower downtown. More

Dave Says

Dear Dave, My wife and I just relocated for my new job. Right now we’re renting an apartment, and we should make about $15,000 on the sale of our old house. Should we use the money from the sale of our house to pay off all our debt, or go ahead and use it as a down payment on a new home now? — Brian More

City finds room for another hotel

Construction is set to begin next week on another hotel along West End Avenue. More

Executive appointments

Gresham, Smith & Partners add senior staff members More Meraz joins BMI as new director, media relations Staton joins LBMC First Farmers & Merchants Bank appoints new leadership team cj Advertising hires four new members

Paulson predicts signs of ‘slower growth’

Treasury Secretary Henry Paulson said investors remain wary of U.S. markets and that further signs of “slower growth” will emerge before the economy shakes off the effects of the housing crisis. More