Talk is heating up that Memphis-based FedEx Corp. will make a bid for European shipping company TNT Express.
TNT late last week rejected an offer from FedEx competitpor UPS.
Here’s some of the speculation on FedEx:
Bloomberg: FedEx Seen as Possible TNT Suitor
Wall Street Journal: Will There Be A Bidding War for TNT Express?
Thank goodness for snooty New York writers.
For nearly 30 years Knoxville has suffered the unwarranted shame of being that “scruffy little city on the banks of the Tennessee River” – a label attached by a long forgotten Wall Street Journal reporter who scoffed at the notion Knoxville could stage a World’s Fair.
But now, thanks to another New York writer, smelly Chattanooga has overtaken scruffy Knoxville as the national image of East Tennessee.
The pace of job creation has slowed considerably the last couple of months and experts are divided on whether job creation will speed up in the second half of 2011.
However, some job sectors are doing quite well, according to a Wall Street Journal report published today. Overall, the private sector has added 1.7 million new jobs in the past 12 months, the report says.
Computer systems, restaurants and fabricated metals are among the sectors hiring workers. Sectors shedding the most jobs in the last year include government, construction and telecommunications.
Read the full report here: Where Have America’s Jobs Gone?
With ticket sales declining, movie theaters are investing in new technologies to enhance the movie watching experience. The newest gimmick — motion-enhanced theater seats.
D-Box Technologies Inc., a Canadian company, is marketing a new seat that moves forward, backward and side to side in sync with the action on the screen. Does that sound cool, or what?
Check out this Wall Street Journal story: Gyrating at a Theater Near You: D-Box’s Moving Movie Seats
In response to a stinging Wall Street Journal editorial, the Knoxville, Chattanooga and Nashville chambers of commerce have sent a letter to the Journal editor to set the record straight regarding the chambers’ position on the controversial school voucher issue.
The Journal accused the chambers of “joining with the teachers unions to kill education vouchers” in an editorial published on May 13 under the headline: “Tennessee’s Chamber Maids”.
The conspiracy charge is “unfounded” and the Journal opinion piece completely misses the need to ensure that school voucher legislation includes public accountability, the chambers’ letter says.
The Knoxville Chamber took a shot to the jaw Friday on the Wall Street Journal’s editorial page over the school voucher issue. But the chamber is slugging back.
The editorial — “Tennessee’s Chamber Maids” — chastises the Knoxville, Chattanooga and Nashville chambers of commerce for siding “with the teachers unions to kill education vouchers.”
Knoxville Chamber CEO Mike Edwards said the Journal completely mischaracterized the chamber’s position on the voucher bill. And the newspaper is wrong about the status of the bill.
Does it really matter that Standard & Poor’s Rating Service has lowered its outlook on U.S. government debt to “negative”?
Here are two interesting and very different answers to the question.
Wall Street Journal MarketWatch blogger Cody Willard doesn’t think too highly of S&P, while Republican economist Douglas Holtz-Eakin says it’s good that S&P cares.
Several reports in the last few weeks indicate the credit crunch may be easing. Banks may be making loans again after too many months of sitting on their vaults.
For way too long creditworthy small businesses have had a difficult time getting the financing they need to grow and create jobs.
If reports of an easing credit crunch are true, it’s about time. Now, if we can convice the big business to start spending some of the record profits they’ve been hoarding, we might see a real dent in the jobless rate.
WSJ’s Marketbeat blog: Shocker!: Banks are starting to lend again
Scripps Networks Interactive Inc. is getting closer to buying Virgin Media’s stake in UKTV, but the deal is at a delicate stage and may not happen, according to published reports in Europe and the U.S.
The Wall Street Journal reports: “A deal with Scripps could be announced in coming weeks, though the talks could still fall apart at the last minute, the people familiar with the matter said.”