Knoxville-based coal producer Xinergy Ltd. has added the head of a South Carolina coal brokerage to its board of directors. Justin Converse, chairman and CEO of Converse and Company Inc., replaces former Xinergy director David Smith, who resigned “to pursue personal interests,” Xinergy said in a statement released earlier this week. Converse, based in Spartanburg, S.C., serves utility and industrial customers throughout the Southeast, according to its website
The biggest movie theater operator in the U.S. just got
bigger. Knoxville-based Regal Entertainment Group said today it has acquired
Hollywood Theaters for $191 million in cash and $47 million in assumed leased
The cash payment includes paying off approximately $157
million in Hollywood Theater’s debt.
The deal adds 43 theaters with 513 screens to Regal’s
Tennessee’s economy will continue modest growth this year, but should be “substantially stronger”in 2014, University of Tennessee economists said today.
On the national scene, the economy is expected to grow slowly in the coming months with a steady decline in the unemployment rate, according to the annual economic forecast prepared for the governor by UT’s Center for Business and Economic Research.
“The U.S. economy is projected to continue to grow in the quarters ahead and the unemployment rate will continue its slow but steady decline,” said Matt Murray, associate director of CBER and the report’s author. “For Tennessee, the economic outlook calls for modest growth in 2013 followed by substantially stronger growth in 2014.”