Tennessee officials have signed a five-year, $60 million contract with a Kansas City, Missouri firm to produce the "Made in Tennessee" tourism campaign.
The marketing agency VML, which has opened a Nashville office, produced two 30-second TV commercials promoting getting outdoors in Tennessee. Watch one of them here and the other one here.
The ads feature with dramatic waterfalls, green rolling hills and horseback-riding amid a forest scene. The ads will play in about a dozen markets around the country.
The head of the state's tourism department, Susan Whitaker, says at a time when other states are investing heavily in tourism promotion, Tennessee needs to keep up. Whitaker also cited ABC's "Nashville" as sparking new interest in visiting the city. VML's ad campaign is aimed at turning that interest into a visit.
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Last Update on May 07, 2015 07:39 GMT
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- The Labor Department will report today on the number of people who applied for unemployment benefits last week and the Federal Reserve will release its March report on consumer borrowing.
Also, Freddie Mac will report average U.S. mortgage rates. Last week, the nationwide average for a 30-year mortgage rose slightly to 3.68 percent, near historic lows.
Alibaba Group Holding Ltd. and Fannie Mae will report quarterly financial results before the market opens.
TOKYO (AP) -- The International Monetary Fund says Asian economies will grow at a 5.6 percent pace in 2015 as recoveries in India and Japan help to offset the slowdown in China.
IMF economists expressed concern Thursday, however, over the potential for weaker growth if policy makers in the region fail to follow through with needed changes, saying it was a time not for "alarm but it is a time for alert."
The IMF's regional economic outlook forecasts that growth in the Asia-Pacific region will moderate to 5.5 percent in 2016.
Rising levels of debt and potential financial market disruptions are other risks to growth.
Changyong Rhee, director of the IMF's Asia and Pacific Department, pointed to efforts by Chinese financial regulators to rein in margin trading as a positive step.
GULF OIL SPILL
NEW ORLEANS (AP) -- The administrator of claims arising from a settlement over economic damages caused by the 2010 BP oil spill has been granted subpoena power.
U.S. District Judge Carl Barbier (BAHR'-bee-aye) on Wednesday granted a motion seeking subpoena power by administrator Patrick Juneau.
Juneau filed the motion last week. It noted that the power to investigate possibly fraudulent claims from the 2012 settlement transferred from a special court-appointed master, former FBI director Louis Freeh, to Juneau on March 31.
BP has been critical of Juneau's administration of the oil spill settlement, but ended an attempt to oust him earlier this year, saying it was satisfied with efforts to improve fraud prevention and detection in the claims program.
BP's anticipated settlement cost has grown from $7.8 billion to more than $9.7 billion.
CHICAGO (AP) -- A former vice president at MillerCoors and seven others are accused of defrauding the company of at least $7 million.
Dave Colletti was charged with one count of wire fraud in a federal indictment filed in Chicago on Tuesday.
According to prosecutors, Colletti worked with the seven others to submit false invoices that billed for fictitious promotional and marketing events. The indictment says the others named worked for entities that claimed to provide third-party vendor services.
Colletti's attorney, Gene Murphy, says they are working with federal authorities and MillerCoors to resolve all matters.
The 58-year-old Colletti, of Chicago, had also been accused by MillerCoors last August in a civil lawsuit of defrauding the company.
In a statement, MillerCoors said the defendants' actions are intolerable and inexcusable.
WINDOW BLIND SAFETY
WASHINGTON (AP) -- Trying to figure out which window blinds or shades are safe to buy for homes with young children?
The industry is encouraging companies to send their products to a third-party testing facility to determine whether they should be used in homes with little ones. If so, they'd get a "Certified Best For Kids" label. Consumer Product Safety Commission Chairman Elliot Kaye welcomes the move.
The problem with many blinds and shades has long been the cords used to raise and lower them. They can pose a strangulation risk for young children. Safety officials say about 184 infants and young children died from strangling in window cords between 1996 and 2012.
The campaign by the Window Covering Manufacturers Association would be voluntary.
HARTFORD, Conn. (AP) -- Federal transportation officials and the Metropolitan Transportation Agency have agreed on a nearly $1 billion federal loan to install technology that could slow trains when necessary on the Metro-North Railroad and Long Island Railroad.
Connecticut U.S. Sen. Richard Blumenthal said Wednesday the Federal Railroad Administration and MTA agreed on a $967 million loan to install Positive Train Control technology. It automatically slows the train if the operator or a malfunction places it in jeopardy.
MTA spokesman Aaron Donovan says Metro-North and the LIRR are putting in place the system, which includes installing on-board components for 1,455 rail cars and transponders.
A Metro-North train derailed in the Bronx on Dec. 1, 2013, killing four passengers. The engineer told investigators he felt "dazed" before the train hit a curve.
JENI'S SPLENDID ICE CREAMS-RECALL
COLUMBUS, Ohio (AP) -- Jeni's Splendid Ice Creams says it has traced the source of listeria in its Ohio production facility to a pint-filling machine.
CEO John Lowe says in a statement Wednesday that the company will never be sure how the bacteria got into the machine, which filled a portion of the pints for retail sales. He says efforts continue to clean the Columbus facility.
Lowe says the company estimates it will spend about $200,000 on changes to make sure it doesn't happen again.
Jeni's announced April 23 that it would recall retail products and close ice cream shops in six states after listeria was discovered in some pints and later in the factory.
The company said it would destroy 265 tons of ice cream worth more than $2.5 million.
NEW YORK (AP) -- A federal appeals court has ruled in favor of Internet streaming service Pandora in a dispute with the songwriters rights society ASCAP.
ASCAP -- the American Society of Composers, Authors and Publishers -- had been seeking to raise what Pandora pays songwriters. But because of its enormous clout, representing about half of all composers and publishers in the nation, the government has put conditions on its activities for decades.
On Wednesday, the 2nd U.S. Circuit Court of Appeals in New York said ASCAP must still license its works to Pandora at a court-set rate.
Major music publishers EMI, Sony and Universal had sought a partial withdrawal from ASCAP so they could cut a direct deal with new media users like Pandora. The appeals court said they could not partially withdraw.
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