Monthly Archives: October 2010

Ruby Tuesday gets lovin’ from Businessweek

 

Ruby Tuesday

Ruby Tuesday

Bloomberg Businessweek showed the love this week to Maryville-based restaurant chain Ruby Tuesday.

A feature story on the national business news website, takes a look at how the company is hoping to jumpstart growth with “forays into Mexican, barbecue, and seafood dining …”

Here’s the full story: Ruby Tuesday Bets on New Chains to Spark Growth

And previous Ruby Tuesday coverage by News Sentinel reporter Carly Harrington:

Ruby Tuesday on offense

Ruby Tuesday to open up to 200 Mexican eateries

Photo: News Sentinel archives

 

Knoxville competing for billion-dollar company

Knoxville is in the running for a company that could potentially invest $1 billion and create thousands of new jobs, Knoxville Chamber Chairman Michael Strickland said Thursday.

The chamber is competing “right now for a huge company with huge federal funding that is
Michael+Strickland.jpglooking at us, Virginia and Texas,” Strickland said in remarks at the chamber’s annual meeting at Cafe 4 on Market Square.

Initially the unidentified company could employ 1,000 workers and in five to 10 years the company has the potential for 5,000 to 10,000 workers, Strickland said.

Continue reading

Knox Chamber cranks up battle for Midway

The Knoxville Chamber has cranked up a new Web campaign to build support for the controversial Midway Business Park proposal.

Now, when you visit the Chamber’s website, the first page that loads is a green and blue “Support the Midway Business Park” graphic that links to a new website — www.midwayfacts.com.

Midwayfacts has detailed information about the proposed business park, including why the Chamber supports the project and a chart that compares the amount of industrial property available for development in Knox County and other communities in the region.

Continue reading

ProPublica/PBS report details BP’s ‘culture of neglect’

Gulf+Oil+Spill+Baby+Ani(8).jpgA new investigation by the public interest website ProPublica and PBS Frontline uncovers how “a corporate culture of neglect and carelessness” at BP lead to the biggest oil spill in U.S. history.

The company was determined to let nothing interfere with “corporate efficiency, lean budgets and shareholder profits,” according to the report.

Read the full ProPublica story here.

PBS will broadcast its story, “The Spill” tonight

Photo: A baby pelican impacted by oil from the Deepwater Horizon oil spill is seen at the Fort Jackson Wildlife Rehabilitation Center in Buras, La., Thursday, July 8, 2010. (AP Photo/Gerald Herbert):

Home improvement expert with street cred

If you’re wondering what connection Knoxville has to rapper Vanilla Ice — and who isn’t — wonder no more.

People+Vanilla+Ice.jpgVanilla Ice, or Robert Van Winkle, is the host of “The Vanilla Ice Project,” a home remodeling show on DIY Network.

And there’s the connection. DIY is part of the Knoxville-based Scripps Networks cable empire.

The show debuted this month and is on Thursday’s at 9 p.m. If you missed earlier episodes you can watch them online.

Continue reading

Eastman Chemical unloads PET biz for $600M

After years of trying, Eastman Chemical finally has found a way to make money off its PET business — sell it.

The Kingsport, Tenn.-based company announced on Monday it is selling its “PET business and related assets and technology of its Performance Polymers segment” for $600 million to DAK Americas LLC, a subsidiary of the Mexican conglomerate Alfa.

PET, or polyethylene terephthalate, is used in synthetic fibers and food and drink containers.

Continue reading

Holiday special: Bernie’s slippers, Steinway and diamonds

For those looking for something weirdly different to put under the tree this Christmas, how about a pair of Bernie Madoff slippers. Or maybe you would prefer a 1917 grand piano once owned by the scam artist himself.

Ripples+Of+A+Fraud.jpg
Velveteen slippers, a Steinway and Sons piano and a 10.5 carat ladies diamond ring are among the Madoff stuff that will be sold by the U.S. Marshals Service next month. Proceeds go to his victims.

If you were holding out for one of Bernie’s homes, it’s too late. They’ve all been sold.

Here’s more on next month’s auction from the New York Post.

U.S. Marshall’s press release and photos

Photo: Associated Press

Kill the tile, stick with bubble gum

It’s good to see the University of Tennessee renovating the UT Conference Center in downtown Knoxville.

The building has long been an eyesore. But let’s hope the university doesn’t waste money trying to replace the blue-glazed tiles that once covered the facade.

The exposed concrete block, as seen here on Josh Flory’s Property Scope blog, looks better than the tile.

Continue reading

Clinton robot maker wins Air Force contract

Robot-maker Remotec Inc. has landed a new contract to help keep U.S. military personnel safe from the “evolving threats” of improvised explosive devices.

remotec.004.jpgUnder terms of the multi-year, multi-million dollar contract, Remotec will upgrade as many as 173 of the Andros HD-1 robots used by the U.S. Air Force.

The Clinton, Tenn.-based company received $11.2 million for the first year of the contract.

Continue reading

Salvador Dali takes over financial markets

In normal times, it would be considered good news when a company reports quarterly earnings of $4.3 billion, smashing even the most optimistic expectations.

dd21a2e537ab1511d90e6a706700d3f6.jpgBut not this week. This week surrealism rules.

After Apple Inc. released its quarterly financial statement on Monday, news stories on Tuesday were filled with talk of “disappointed investors” and anaylsts moaning that Apple didn’t sell as many iPads as the analysts had hoped.

I don’t get it. Is this bizarro world?

Continue reading