Saturday Night: A fair sky with a low in the low 50s (40s away from the city)
Sunday: Mostly sunny and even warmer. An afternoon high in the mid/upper 70s.
Partly sunny and near 80 by Monday. This trend continues ... More...
Hunter Museum Curator Retiring
Ellen Simak, chief curator for the Hunter Museum of American Art, is retiring after 25 years of service.
Simak joined the Hunter Museum in August of 1988. In her time at the Hunter Museum, she has helped purchase a number of significant works. The first purchase in her tenure was the George Segal sculpture, “Couple on Two Benches,” which was the inaugural acquisition from the Hunter Acquisition Endowment fund set in place by the Benwood Foundation. One of her recent purchases, a fine painting by African American artist Lois Mailou Jones, was acquired from a 2011 traveling show of the artist’s work which will finally return to the Hunter this summer at the end of the exhibit tour just as Simak is leaving.
Among the exhibits she curated, a 2008 exhibition of the work of Charles Burchfield was the culmination of her admiration for this American master’s work. Simak was an active participant in the reinterpretation of the collection in 2004 and designed the reinstallation of all the historic galleries in the museum at that time.
Simak has an M.A. in art history from the University of Delaware. She also has a B.A. in art history, journalism, and English literature from the University of Minnesota. Prior to beginning her museum career, she worked as a copy editor for the Minneapolis Tribune and an editor for Miller Publishing Company. From 1979-1982 she was the program assistant for the National Federation of State Humanities Councils, after which she returned to school to pursue a degree in art history.
Before accepting the position of curator of collections at the Hunter, she was curator of American Art at the Joslyn Art Museum in Omaha, Nebraska, from December 1985 to August 1988.
“It has been my privilege to work at the Hunter Museum for almost 25 years,” Simak said. “Over those years, I have seen many changes, all for the good. But one thing that has remained a constant is the wonderful colleagues – on staff, on the board, amongst our volunteers and in the community – with whom I have shared my working life.”
Highlights of Simak’s impressive career include 33 exhibitions that she has organized since 1988 as well as a significant number of acquisitions. Additionally, Simak has published 12 catalogs and other publications, including Volume 2 of the Hunter’s catalog of the permanent collection.
“Ellen is a talented and dedicated curator and it has been an honor and a privilege to work with her,” said Hunter Museum Executive Director, Daniel Stetson. “Her efforts and achievements have made a lasting mark on the Hunter Museum and on Chattanooga. We will miss her, but wish her well on this new chapter of her life.”
Simak has also had an impact on the arts beyond the walls of the Hunter Museum by serving on a variety of community boards and committees including the Public Art Committee, the Arts and Education Council, Ballet Tennessee and a variety of other panels and commissions. She is a member of the American Association of Museums, the Association of Historians of American Art, the College Art Association, and the Southeastern Museum Conference.
“I hope through my work here that I have contributed to the vibrant Chattanooga arts community; I know I have been enriched by the experience.” Simak said.
More Business News
Last Update on October 24, 2014 17:58 GMT
NEW HOME SALES
WASHINGTON (AP) -- U.S. sales of new homes were essentially flat in September, after the government sharply revised downward what was initially an August surge in buying.
The Commerce Department says new-home sales edged up 0.2 percent last month to a seasonally adjusted annual rate of 467,000. The report also revised down the August sales rate to 466,000 from 504,000.
The pace of sales for newly built homes has improved a mere 1.7 percent so far this year compared to 2013. Only the South has experienced gains in buying year-to-date.
Housing has struggled to fully rebound since the recession ended more than five years ago. Many potential buyers lack the savings and strong credit history needed to afford a home, causing them to rent or remain in their existing houses instead of upgrading.
DEARBORN, Mich. (AP) -- Ford's net income dropped 34 percent to $835 million in the third quarter, dragged down by the cost of launching its new F-150 pickup.
The company closed its Dearborn truck plant for five weeks during the quarter and cut back on truck sales in order to preserve inventories while it readies the new aluminum-sided truck. That hurt pretax profits in North America, which fell 39 percent to $1.4 billion.
Ford earned 21 cents per share, down from 31 cents in the July-September period a year ago. Without one-time items, including separation costs in Europe, Ford earned 24 cents. That beat Wall Street's expectation of 19 cents, according to analysts polled by FactSet.
Revenue fell 2.5 percent to $34.9 billion, better than the forecast of $33.7 billion.
ATLANTA (AP) -- UPS is expecting an 11 percent jump in December shipments as the holiday shopping season heats up.
UPS recently announced that it would hire up to 95,000 people to handle the tremendous volume. That's up from last year when the Atlanta company initially planned to hire 55,000 seasonal workers. Major U.S. shipping companies were overwhelmed by a shift in American shopping habits, namely the success of Amazon.com. with its free shipping, and UPS was forced to hire an additional 30,000 people.
United Parcel Service Inc. also maintained its guidance Friday for 2014 adjusted earnings between $4.90 and $5 per share. Analysts polled by FactSet predict $4.95 per share.
PROCTER & GAMBLE-DURACELL
Procter & Gamble removes the batteries
CINCINNATI (AP) -- Procter & Gamble is removing the batteries and making Duracell a stand-alone company.
P&G, which acquired Duracell in 2005, announced earlier this year that it would shed more than half its brands around the globe over the next year or two.
If a split off occurs, P&G said that its shareholders would have the option of exchanging some, none or all of their P&G shares for shares of the newly formed Duracell company.
The Procter & Gamble Co., based in Cincinnati, said Friday that it is also considering a spinoff, sale or other options for Duracell.
CHARLOTTE, N.C. (AP) -- Chiquita shareholders have rejected plans to merge with Irish fruit importer Fyffes that would have made the world's largest banana supplier.
Chiquita Brands International Inc. said Friday that the shareholders didn't approve a revised transaction agreement between the two companies during a special shareholders meeting.
Chiquita said it now expects to enter talks with investment firm Safra Group and juice company Cutrale Group on their competing offer of $14.50 per share. Chiquita previously rejected buyout bids from the two Brazilian companies.
CHILD SEAT RECALL
DETROIT (AP) -- Evenflo is recalling more than 202,000 rear-facing infant seats because the buckles can become difficult to unlatch.
The recall affects Embrace 35/9999 models with an AmSafe QT1 buckle. Documents posted by U.S. safety regulators say that if the buckles don't release easily, it may be difficult to get a child out of the seat in an emergency.
The affected seats were made at various times from December 2011 through May of 2013.
Not all Embrace 35 models are covered by the recall. For others, the company will provide replacement buckles if requested by customers.
The recall comes after an investigation by the National Highway Traffic Safety Administration.
Owners with questions can call Evenflo at (800) 490-7591.
IOWA CITY, Iowa (AP) -- The founder of a popular brand of food for observant Muslims has been indicted on charges that he shipped beef to Malaysia and Indonesia that didn't meet those countries' import requirements.
A federal grand jury returned the indictment Thursday against Bill Aossey Jr., who founded the Midamar Corp. in 1974. The Cedar Rapids company grew into the leading U.S. halal brand, selling more than 200 products in the U.S. and abroad.
A 19-count indictment charges Aossey with directing employees to change labels and fabricate documents to make beef products appear that they originated from a slaughterhouse that met Malaysia and Indonesia's strict requirements. Halal meat is supposed to be killed in ritual slaughter.
Aossey's attorney called the indictment unfair Friday, saying the allegations were "a minor regulatory violation" at most.
NEW YORK (AP) -- NBCUniversal will pay $6.4 million to settle a class action lawsuit brought by unpaid interns who worked on "Saturday Night Live" and other shows who claim they are owed wages, according to court documents.
The interns claim NBCUniversal wrongly classified them as non-employees in an effort to avoid labor laws. NBCUniversal said in court documents that even though it is settling the suit, it denies the allegations and doesn't admit any wrongdoing.
The average amount that class-action members of the suit will receive is $505, although the main plaintiffs will receive more. The number of class members is capped at 8,975.
The interns had been seeking recovery of unpaid wages, attorneys' fees, interest and liquidated damages. The settlement still has to be approved by a judge. The lawsuit was filed in federal court in New York.
NBCUniversal is owned by Philadelphia-based cable provider Comcast Corp.
S&P upgrades Cyprus on commitment to bailout deal
NICOSIA, Cyprus (AP) -- Rating agency Standard & Poor's has given Cyprus a one-notch upgrade to its credit grade, raising it to B+.
The agency cited the country's commitment to the terms of its bailout program and better-than-expected economic growth. It also said the outlook for Cyprus is stable, with good economic progress offset by lingering challenges to its banking system, which is still burdened with a huge amount of bad loans.
LONDON (AP) -- Official figures show Britain's economic recovery is continuing, despite a gloomy global environment.
The Office for National Statistics said gross domestic product grew 0.7 percent in the three months through September compared with the previous three months. That is down slightly from a 0.9 percent quarterly rate in the April-June period but remains among the strongest growth rates among developed economies.
Compared with a year earlier, the economy was 3.0 percent larger.
Treasury Chief George Osborne says the figures show Britain "continues to lead the pack in an increasingly uncertain global economy."
Samuel Tombs, the senior U.K. economist for Capital Economics, says growth in Europe's third largest economy has become broader-based, though recent falls in stock markets, manufacturing surveys and eurozone growth have intensified concerns over the recovery.
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