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Brooke Pancake Signs Sponsorship Deal with Financial Group

The Patten-Vaughn Wealth Management Group of Raymond James & Associates, Inc. (“Raymond James”) announced that it has signed a multi-year sponsorship agreement with rising LPGA Tour star, Brooke Pancake.

Pancake, a native of Chattanooga and rookie on the LPGA Tour, will wear the Raymond James logo on the front of her hat and left chest of her apparel in competition.

Commenting on today’s announcement, Pancake stated, “I am very excited about this sponsorship with the Patten-Vaughn Wealth Management Group of Raymond James because it just feels right.”

David Patten, Senior Vice President of Investments for the Patten-Vaughn Group stated, “This sponsorship is such a good fit. Brooke’s record of championship achievement both on the golf course and in the classroom, while representing herself and her community in an exemplary manner, exemplifies the Patten-Vaughn Wealth Management Group’s commitment to professionalism and performance.”

Brooke Pancake graduated the University of Alabama in 2012 as a three time All-American, led the golf team to its first NCAA Championship in school history, all while graduating with a 4.0 grade point average. She was a member of the 2012 US Curtis Cup team, and won numerous awards for her golf and classroom performance including, the Honda Sports Award for the top female collegiate golfer in the US, the Capital One Academic All-American of the Year Award, the SEC Female Athlete of the Year Award. Pancake was also honored as a finalist for the 2012 NCAA Woman of the Year award. She is the youngest inductee in the history of the Tennessee Women’s Golf Hall of Fame.
Brooke Pancake Signs Sponsorship Deal with Financial Group

Tuesday, March 26 2013, 04:02 PM EDT

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ECONOMY-THE DAY AHEAD

WASHINGTON (AP) -- The Labor Department will report today on the number of people who applied for unemployment benefits last week. In last Thursday's report, fewer people sought jobless benefits, evidence that strong hiring should continue despite signs of slower economic growth at the start of 2015.

Also today, the Commerce Department will release its report on U.S. factory orders for February. In January, orders to U.S. factories dropped again, as manufacturers grappled with weak growth overseas and a stronger dollar. Commerce will also release February's trade deficit figures. In January, the U.S. trade deficit dropped sharply as both exports and imports fell.

Freddie Mac will report on average U.S. mortgage rates today. Last week, the nationwide average for a 30-year mortgage fell to 3.69 percent, edging closer to historically low levels at the start of the spring home-buying season.

HERBAL SUPPLEMENTS-INVESTIGATION

ALBANY, N.Y. (AP) -- A group of 14 attorneys general is asking Congress to launch an investigation of the herbal supplements industry and to consider giving the U.S. Food and Drug Administration stronger oversight of the industry.

The group is led by New York Attorney General Eric Schneiderman, who has alleged that DNA tests on certain store-brand supplements found none of the herbs on the labels. Industry groups and some consumer advocates have criticized Schneiderman's testing, saying DNA testing is unable to identify highly processed plant material.

Under federal law, herbal supplements, vitamins and other dietary supplements are subject to much less rigorous oversight than pharmaceutical products.

GNC, one of the retailers targeted by Schneiderman, said last week that it has provided him test results showing its products were safe and properly labeled.

ALLEGIANT AIR STRIKE

UNDATED (AP) -- A federal court has issued a temporary restraining order blocking pilots at discount carrier Allegiant Air from a planned strike Thursday.

The Las Vegas-based airline had gone to court to block the strike, which would have grounded 250 flights and affected 33,000 customers.

The union says it will comply with the judge's decision and Allegiant says all scheduled flights are expected to operate normally.

Thursday is one of Allegiant's busiest travel days.

Allegiant is one of the most profitable airlines in the world, taking vacationers from smaller U.S. cities to warm destinations like Phoenix, Las Vegas and the Florida cities of Orlando and Tampa.

The airline's pilots are upset over the company's change in crew scheduling and a rollback in a disability program and other benefits.

CONGRESS-MEDICARE

WASHINGTON (AP) -- Congress will get a little extra time to prevent a threatened 21 percent cut in Medicare payments to doctors.

Technically, the cut was to take effect Wednesday.

But the Department of Health and Human Services said it will hold off processing claims at the lower rate until April 15.

The House has overwhelmingly passed a bill to repeal the 1990s budget formula that requires the Medicare cuts. But the Senate left on its spring break before taking action. President Barack Obama says he would sign the House bill.

The Senate goes back into session on April 13, giving it just two days to act.

If Medicare is forced to pay doctors at the lower rate, it would cover the difference later, assuming Congress acts.

But that could raise administrative costs.

KRAFT-MONDELEZ-CHARGES

WASHINGTON (AP) -- Federal regulators have charged two major U.S. food companies, Kraft and Mondelez, with manipulating prices for wheat and wheat futures in a scheme that reaped more than $5.4 million in profit.

The Commodity Futures Trading Commission announced the civil charges Wednesday against the two companies. The agency said the companies used "manipulative trading strategies" in December 2011 to artificially lower wheat prices on the spot market.

The CFTC also said Kraft Food Groups Inc. and Mondelez Global LLC violated rules limiting the volume of futures contracts in wheat that financial investors can trade on exchanges.

Kraft, based in Northfield, Illinois, makes Oscar Meyer cold cuts, Jell-O pudding and Velveeta cheese. Oreo, Cadbury and Trident are among Mondelez's brands.

Mondelez and Kraft had been one company. They split in 2012.

MAXIM MAGAZINE-SCAM CHARGES

NEW YORK (AP) -- A New York lawyer has been charged with conspiring to help a convicted con man in a ruse to borrow millions of dollars in a failed bid to buy Maxim magazine.

Attorney Harvey Newkirk was freed on $500,000 bail after appearing Wednesday in Manhattan federal court.

Newkirk is charged with wire fraud conspiracy, wire fraud and aggravated identity theft. He's accused of helping Calvin Darden Jr. use his successful father's name to convince two lenders to provide a total of $8 million. Prosecutors say the pair tried to convince a third investor to contribute $20 million.

Darden pleaded guilty in November. His father is a retired UPS Inc. executive who sits on the boards of several major companies.

Newkirk's lawyer says he did nothing wrong.

McDONALD'S-WORKERS

NEW YORK (AP) -- McDonald's says it's raising pay for workers at company-owned U.S. restaurants, making it the latest employer to sweeten worker incentives in an improving economy.

The fast-food chain owns about 10 percent of its more than 14,300 U.S. restaurants, representing about 90,000 workers. The rest are run by franchisees and McDonald's said they "make their own decisions on pay and benefits."

The announcement comes as several major companies including Wal-Mart Stores Inc. have announced wage hikes as the economy has picked up and made it more difficult to find reliable workers. Over the past 12 months, the unemployment rate has dropped to 5.5 percent from 6.7 percent.

The change also comes as McDonald's has been dealing with negative publicity from ongoing demonstrations demanding pay of $15 an hour and a union.

MINIMUM WAGE-SEATTLE

SEATTLE (AP) -- Seattle's new $15 minimum wage law has gone into effect nearly a year after the pricey West Coast city was celebrated by activists as the first metropolis to push employers into providing higher wages.

But the fast food workers who staged walkouts to advance the idea won't be seeing anything close to $15 an hour in their paychecks this week, as the increase is being phased in gradually through 2017 and beyond.

The change in Seattle is part of a larger trend toward higher wages playing out in statehouses and on ballots across the nation. In November, San Francisco voters approved their own phased-in minimum wage hike to $15 an hour by July 2018

PUERTO RICO-ECONOMY

SAN JUAN, Puerto Rico (AP) -- A group of U.S. bondholders has offered to invest $2 billion in energy production and other measures that it says would help improve the finances and infrastructure of Puerto Rico's power company amid fears it will go bankrupt.

The announcement comes just days after the government of the U.S. territory obtained a two-week extension from creditors as the company prepares for a potential restructuring. The Electric Energy Authority holds nearly $9 billion in debt and owes investors some $400 million by July.

The bondholder group said the $2 billion would be used to bolster infrastructure, including possible construction of a natural gas-powered electricity generating plant that would allow the agency to sell power at a lower rate and stabilize its finances.

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WTVC NewsChannel9 Stories of Honor

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Facebook's Advertising Revenue Soars in 3Q

Chattanooga Foreign-Trade Zone Approved for Expansion to Include 11 Counties

Walmart to Hire 95 in Fort Oglethorpe

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Family-Owned Hixson Business Closes for Good on Tuesday

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Chattanooga Candy Company Closing at the End of the Year

A Closer Look: Ways to Hide and Secure Data on Your Smartphone

Home Depot Security Breach Affected 56 Million Credit

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Consumer Problems and New Protections with Downloading Apple's New Software

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FedEx Hiring 50,000 for Seasonal Work

Speculation Swirls Over Fed Language on Rate Hike

Chattanooga Airport Partners with EPB for Free WiFi

Small Plane from Chattanooga Crashes in Walton County, GA

Chattanooga's Mashburn Outdoor LLC Garners Prestigious Honor

McCallie Graduate Settles Lawsuit with Snapchat Co-founders

Tesla Electric Car Charging Stations Now at Chattanooga's Airport

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GA Dept. of Labor to Hold Job Training Fair

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New Company, $5M Investment, 35 New Jobs in Chattanooga

Data Breach at Several UPS Stores

Paper Mill Expansion Means 50 New Jobs in McMinn County

Paper Mill Expansion Means 50 New Jobs in McMinn County

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GM Issues Third Recall on SUVs That Can Catch Fire

PF Chang Customer Security Breach Includes Chattanooga Restaurant

New Retail Stores

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Hardwick Clothes Celebrates 134 Years in Business in Cleveland

Local Business Leaders Discuss Climate Change Impact

Chattanooga Choo Choo Announces Major Expansion

SL Tennessee Adding 1,000 New Jobs

Baby Monitor Recall in U.S.


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Gas Prices on the Decline

A Tip of the Hat to a Bull Market, VW and Derek Jeter

Belgian Floormaker Chooses Northwest GA for U.S. Headquarters

Roper Recruiting New Employees for Walker County Plant

Report: UAW to Announce Agreement with Volkswagen Thursday

Erlanger Files Notice to Foreclose on Hutcheson Medical Center Property

Taco Mac on Market Street Closing for Two Weeks for Expansion

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Gas Prices on the Way Up in Chattanooga Area

A Brief History of East Ridge Economic Development

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Hutcheson Announces Management Team Changes

'Operation Famous Salute' Reaches Record Number of Troops

Gas Prices in Chattanooga Area on the Way Down

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MAU Workforce Now Hiring in Chattanooga

Lee U. Grad Named New Southeast TN Regional Director

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Google to Build Prototype of Driverless Car

Gas Prices Drop for Post-Memorial Day Week

Chattanooga Offering Jobs to Teens, Application Deadline Tuesday

VW Workers Formally Drop Lawsuit against UAW

Plastic Omnium to Build Chattanooga Plant, Creating Almost 200 New Jobs

Mobile 'Career Coaches' Head to Several Local TN Counties to Assist Job Seekers

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Erlanger Receives Advertising Awards

TN Receives $140,000 for Mine Safety Training & Accident Response

Acclaimed 3D Printing Hacker & Biotechnologist to Speak in Chattanooga

Corker Partners with Google to Help Southeast TN Small Businesses

Truck Drivers Being Recruited for Shaw Industries in Dalton

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Babcock & Wilcox Intech Inc. Adds 50 Jobs

Chattanooga Coca-Cola Finalizes Expansion, 43 New Jobs

Dalton’s Unemployment Rate Declines to 8.6 Percent

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GIGTANK Selects Startup Teams for 2014 Accelerator

Mayors Announce Spring Review Board for Mozilla Gigabit Communities Fund

Northwest Georgia's Unemployment Rate Holds at 7.3 Percent

Tennesseans to Receive $2.8 Million from E-Book Price-Fixing Agreement

New Future for The Enterprise Center in Motion

Don Welch Announces Retirement

TVA to Update Progress on Long-range Plan

TVA Employees Contribute $2.6 Million To Local Causes

Volkswagen Recalls 160,000 Passats for Light Issue

Coyote Logistics Buys Chattanooga-based Access America

Volkswagen Workers File Federal Suit to Block Company and UAW Collusion

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TAWC Names Gayle Domanski to Management Team

Leadership Chattanooga Now Accepting Nominations

Chambliss, Bahner and Stophel Attorneys Receive Special Honor

TVA Reports First Quarter FY2014 Results

Free Tax Services in Hamilton County

HCA Buys Grandview Medical Center

Tennessee Named '2013 State of the Year'

Legal Pot Takes Hold on Wall Street

New Marketing Director for Chambliss Law Firm

Gas Prices Down for Holidays

TAWC Buys Marion County Water System

The New Market for Drones: Farming?

Chattanooga Whiskey Cancels New Year's Eve 'Barrel Drop'

McKee Foods Sponsors Chattanooga History Center

Volkswagen Announces $17 Million Expansion

Former City Official to Head Chattanooga Whiskey

Suggestions for a Less Stressful Shopping Season

TVA Pays 2013 'Taxes' to Local Governments

Average Area Gas Price back Above $3

TVA Reports Fiscal Year-End 2013 Results

Renovations and Additions to Northgate Mall

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User Burnout Could Threaten Twitter's Prosperity

Carol Sim Named as President and CEO of Siskin Hospital

Ruby Falls Honored by Tourism Society

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Grand Re-opening of Northgate Mall, Nov. 7

Chattanooga Named One of Top 100 Best Places to Live

Chattanooga Named Code for America City

Investors Keep Faith in U.S. in Crisis after Crisis

Groundbreaking New Jobs in North Georgia

Wacker Plant Hit With Lawsuit

Shaw Industries Hiring

EPA Recognizes Volkswagen Chattanooga for 'Green Power'

Georgia's Unemployment Rate Declines in August

Apple Unveils Next Generation of iPhones

Dolly Tells Don About Her New Resort

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Innovative Packaging May be Worth Extra Cost

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La-Z-Boy Receives Award of Excellence

Erlanger Recognized by U.S. News

Legal Aid Honors Volunteer Attorneys

Metro Dalton's Unemployment Rate Rises in May

Dow Jones Average Falls Dramatically, Again

Blake Strickland Inducted into Tennessee Credit Union Hall of Fame

River Gorge Explorer Earns Certificate of Excellence

Tenn. Board of Regents Committee Recommends Tuition Increases

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The Top iPhone and iPad Apps

EPB Fi TV Rates Increasing

BBB 2013 Torch Awards & Scholarship Winners

Red Cross East Tennessee Names New Regional CEO

Hutcheson $9.7 Millions Ahead Compared to Last Year

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Unum CEO Announces Retirement

Tenn. Governor Signs Grocery Tax Reduction into Law

Frost Cutlery Building Retail Center

Memorial's Inspire Magazine Receives Awards

TVA Veteran James R. Dalrymple Named VP of Coal and Gas Operations

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TVA Reports Net Income of $54 Million in Second Quarter 2013

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Highest Financial Rating for Hamilton County

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Tenn. House Unanimously Approves Food Tax Reduction

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Dalton'™s Unemployment Rate Declines to 11 Percent

Brooke Pancake Signs Sponsorship Deal with Financial Group

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Tennessee Aquarium Expects 20 Millionth Visitor This Weekend

Whitfield County Business Expo 2013

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Tenn. January Unemployment Increases Slightly

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Executive VP Leaving TVA

Memphis Hospital CEO Chosen to Run Erlanger

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Japanese Officials Visit EPB in Chattanooga

Access America Transport Makes Forbes List

'Cash Mobs' to Hit Downtown Chattanooga Businesses

Chattanooga Chamber Announces Small Business Award Finalists

TVA Reports Sales Flat in First Fiscal Quarter 2013

Hollywog Expands, Adds 22 Jobs

Deal recognizes Georgia Tourism Day, unveils 2013 Travel Guide

Kim Chapman Named 'Woman of Distinction'

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Chattanooga CVB Honored

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