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WTVC NewsChannel 9 :: News - Local News

Tennessee Named '2013 State of the Year'

Tennessee is the “2013 State of the Year,” according to Business Facilities magazine, a national economic development publication.
 
Tennessee’s top five economic development projects created a total of 6,900 jobs, $3.2 billion in capital investment and included seven expansions and three new recruitments. The magazine picked the state after evaluating the top five projects for the number of jobs created and amount of capital invested from October 1, 2012 through October 31, 2013.
 
“A lot of hard work goes into keeping Tennessee competitive, and I want to thank Business Facilities for recognizing the efforts of so many people across the state,” Gov. Bill Haslam said. “We understand that jobs are created when someone is willing to risk capital, and we will continue working to make Tennessee a great place to invest.”
 
“Over the past year, Tennessee has experienced unprecedented amounts of momentum,” ECD Commissioner Bill Hagerty said. “The global companies that invested capital in our state and the number of jobs created demonstrate to the world that Tennessee not only provides a top-notch business environment, but also the ongoing support needed for success. I am extremely pleased by this award and look forward to another successful year.”
 
“Tennessee continues to impress us with its aggressive execution of a diversified growth strategy,” Business Facilities Editor in Chief Jack Rogers said. “The state has put in place a solid foundation for robust job creation for years to come.”
 
The top economic development projects for number of jobs created and amount of capital invested from Oct. 1, 2012 – Oct. 31, 2013 include the following.
 
Top Five Projects for Jobs
•        Hankook Tire Co., Ltd (Montgomery County): 1,800 jobs
•        ARAMARK (Davidson County): 1,500 jobs
•        Nissan North America, Inc. (Rutherford County): 1,400 jobs
•        Calsonic Kansei North America, Inc. (Bedford, Marshall and Rutherford counties): 1,200 jobs
•        UBS (Davidson County): 1,000 jobs

Top Five Projects for Capital Investment
•        Eastman Chemical Company (Sullivan County): $1.6 billion
•        Hankook Tire Co., Ltd (Montgomery County): $800 million
•        International Paper Company (Shelby County): $321 million
•        Nike, Inc. (Shelby County): $276 million
•        Alcoa, Inc. (Blount County): $275 million
 
Tennessee earned a number of accolades in 2013, including being named No. 1 in the nation for automotive manufacturing strength for an unprecedented four years in a row by Business Facilities. Tennessee was also ranked in the top five states with the best business climate by Site Selection. CEO respondents voted Tennessee the fourth best state in the U.S. for business in Chief Executive Magazine’s Annual Best & Worst States for Business Survey.
 
Tennessee joins Texas as the only multiple winner in the annual competition since the award was created in 2007. Runners-up in the 2013 competition were Utah, Texas, Louisiana, Georgia and Pennsylvania.
Tennessee Named '2013 State of the Year'

Wednesday, February 5 2014, 12:13 PM EST

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Last Update on December 19, 2014 18:50 GMT

SONY HACK

WASHINGTON (AP) -- The FBI says it has enough evidence to conclude that North Korea was behind the hack attack against Sony Pictures Entertainment.

An FBI statement cites, among other factors, technical similarities between the Sony break-in and past "malicious cyber activity" linked directly to North Korea.

The Sony attack, reported late November, involved the use of destructive malware that caused the studio to take its entire computer network offline and left thousands of computers inoperable.

The breach resulted in the disclosure of tens of thousands of leaked emails and other materials. It later escalated to terrorist threats that promoted Sony to cancel the Christmas release of the movie "The Interview," a comedy about a plot to assassinate North Korean leader Kim Jong Un.

The FBI statement says North Korea's actions "were intended to inflict significant harm on a U.S. business and suppress the right of American citizens to express themselves."

SONY HACK-MESSAGE FROM HACKERS

NEW YORK (AP) -- Hackers have sent a new email to Sony Pictures Entertainment, praising the studio as "very wise" to cancel the release of "The Interview" and saying Sony's data is safe "as long as you make no more trouble."

The email was confirmed Friday by a person close to the studio who requested anonymity because the person wasn't authorized to speak publicly about the matter.

The message warned to "never" release the film "in any form," including on DVD. The email was sent to several employees of the Culver City, California company.

The Obama administration on Friday formally accused the North Korean government of being responsible for the devastating hacking attack.

T-MOBILE-CRAMMING SETTLEMENT

WASHINGTON (AP) -- T-Mobile US will pay up to $90 million, mostly in refunds, for billing customers for cellphone text services they didn't order, under a settlement with federal regulators.

The Federal Trade Commission announced the agreement Friday with T-Mobile over billing for unauthorized charges, a practice known as "cramming." T-Mobile, the fourth-largest U.S. cellphone company, is paying refunds to affected customers plus $18 million in fines to the 50 states and the District of Columbia, and $4.5 million in fines to the Federal Communications Commission.

The FTC sued T-Mobile in July, accusing it of billing customers for subscriptions to text services like $9.99-per-month horoscopes or celebrity gossip updates that they didn't want or authorize.

T-Mobile collected 35 percent to 40 percent of the charges, the FTC alleges.

FED-VOLCKER RULE

WASHINGTON (AP) -- Former Federal Reserve Chairman Paul Volcker is criticizing a decision to delay full implementation of a rule that bears his name and aims to curb banks' risky investments.

The Fed said Thursday that it would delay until July 2017 the deadline by which U.S. banks will have to sell off potentially volatile holdings in private equity, venture capital and hedge funds.

In a statement, Volcker calls it "striking that the world's leading investment bankers, noted for their cleverness and agility in advising clients" need to take so long to reorganize their own activities.

Volcker says the banks' real aim may be to delay implementation of the law until they can get it changed. Congress passed the Volcker Rule in an overhaul of financial regulations after the 2008 financial crisis.

STATE UNEMPLOYMENT

WASHINGTON (AP) -- Unemployment rates fell in 41 U.S. states in November and were unchanged in six more, reflecting healthy job gains across the country.

The Labor Department says unemployment rates rose in only three states: Connecticut, Louisiana, and Washington state.

Solid economic growth since the spring has encouraged more employers to step up hiring. The U.S. has added nearly 2.7 million jobs this year, the most since 1999. That has lowered unemployment rates in most of the country.

North Dakota's 2.7 percent unemployment rate was lowest in the nation. Mississippi's 7.3 percent rate was the highest.

The biggest job gains occurred in California, which added 90,100 jobs in November, followed by Florida, which gained 41,900. Texas added the third-most jobs, with 34,800.

GAS PRICES

CHICAGO (AP) -- The average price for a gallon of gas has fallen below the $2.50 mark for the first time in about five years. Oil analyst Patrick DeHaan of GasBuddy.com says the price of gas has dropped 41 cents over the last month with the average now at $2.46 a gallon.

According to GasBuddy.com, Texas features the lowest gas price with a station in Keller selling fuel for $1.69.

DeHaan says while the price of gas should continue to fall as the year comes to a close, the rate will not be as dramatic since gas prices have just about matched the steep decline in oil prices.

CHRYSLER-PICKUP RECALL

DETROIT (AP) -- Chrysler is recalling nearly 257,000 older Ram pickup trucks because the rear axle can seize or the drive shaft can fall off.

The recall covers Ram 1500 pickups from the 2005 model year.

Chrysler says in documents posted Friday by U.S. safety regulators that the rear-axle pinion nut can come loose. That can cause problems that make the trucks spin out of control.

The recall comes after an investigation by the National Highway Traffic Safety Administration that began in June.

The agency found 15 complaints, including seven drivers who reported that the wheels locked at speeds over 50 miles per hour. At the time, no crashes or injuries were reported.

Dealers will install a fix at no cost to owners. The recall will begin in February.

CARAMEL APPLES-DEATHS

WASHINGTON (AP) -- Health officials say prepackaged caramel apples are linked to five deaths and more than two dozen illnesses in 10 states.

The Centers for Disease Control and Prevention says investigators are trying to determine the specific brands that were involved. But consumers are being warned not to eat prepackaged caramel apples until more is known.

The CDC says it knows of 28 cases in which people were sickened by a form of bacterial food poisoning called listeria, with 26 hospitalized. They got sick between Oct. 17 and Nov. 27. CDC said it's possible other illnesses have occurred since then.

Two of the deaths were in Minnesota, according to state health officials. The CDC said the illnesses also occurred in Arizona, California, Missouri, New Mexico, North Carolina, Texas, Utah, Washington, and Wisconsin.

JUNO THERAPEUTICS-IPO

NEW YORK (AP) -- Shares of cancer treatment company Juno Therapeutics Inc. are surging 60 percent in their stock market debut.

Juno genetically engineers a patient's own white blood cells to find and kill cancer cells in the body. It says its clinical trials have shown evidence of tumors shrinking.

The Seattle-based company raised $264.5 million after selling more than 11 million shares at $24 per share. It plans to use the cash raised to continue trials and studies. The stock is listed on the Nasdaq stock market under ticker symbol "JUNO."

EARNS-BLACKBERRY

NEW YORK (AP) -- Blackberry reported an adjusted profit for its fiscal third quarter, surprising Wall Street.

The Canadian company's stock climbed almost 3 percent in Friday premarket trading.

For the period ended Nov. 29, the company lost $148 million, or 28 cents per share. That compares with a loss of $4.4 billion, or $8.37 per share, a year earlier.

Stripping out some charges, earnings were a penny per share.

Analysts polled by Zacks Investment Research predicted a loss of 6 cents per share.

Revenue declined to $793 million from $1.19 billion. Analysts were looking for $927.8 million, according to Zacks.

Blackberry Ltd. said that it continues to target sustainable adjusted profitability some time in fiscal 2016.

AMAZON-MACMILLAN

NEW YORK (AP) -- Another major publisher has reached a multiyear deal with Amazon.com.

Amazon and Macmillan CEO John Sargent confirmed this week that they had agreed to terms for both print and electronic books. The deal will allow Macmillan to set prices for e-books, an arrangement known as the "agency model," and appears similar to agreements Amazon reached in the past two months with Hachette Book Group and Simon & Schuster. Authors at Macmillan range from Jonathan Franzen and Hilary Mantel to Oprah Winfrey and Bill O'Reilly.

Both Macmillan and Hachette have had public feuds with Amazon over terms for e-books. In 2010, Amazon briefly removed "Buy' buttons for all Macmillan releases. For months in 2014, the retailer restricted availability and reduced discounts for numerous Hachette books.

THAILAND-US-BUMBLE BEE

BANGKOK (AP) -- Thai Union Frozen Products is acquiring Bumble Bee Seafoods, a major seller of canned tuna in the United States, for $1.5 billion.

The Thai company says Friday that the purchase of Bumble Bee, which is owned by private equity firm Lion Capital, should be completed by the second half of 2015,

Its statement said Thai Union has annual sales exceeding 100 billion baht ($3 billion), and San Diego-based Bumble Bee Seafoods generates annual sales of approximately $1 billion.

The Thai company already owns Chicken of the Sea, another major U.S. provider of packaged seafood.

CUBA-CIGARS

MIAMI (AP) -- The Cuban cigar is set to make its first legal appearance U.S. in years, with relaxed guidelines allowing travelers to return with a few in their suitcases. But the cigars won't roll into stores just yet, and owners say they aren't worried about business.

Some tobacco shops owners in Miami's Little Havana say most customers can't afford to travel to Cuba for cigars and won't do so regularly.

Licensed American travelers can return home with $100 in alcohol and tobacco products. Experts say that's three to 20 cigars.

Cigars brought back to the U.S. must be for personal use, not resale. If the U.S. embargo with Cuba is eventually lifted, many tobacconists say they'd welcome the change. They could add Cuban tobacco to their blends, and many believe they interest in cigars would increase.

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Family-Owned Hixson Business Closes for Good on Tuesday

Ford Recalls 850K Cars on Short Circuit Concerns

Chattanooga Candy Company Closing at the End of the Year

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

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Data Breach at Several UPS Stores

Paper Mill Expansion Means 50 New Jobs in McMinn County

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Local Business Leaders Discuss Climate Change Impact

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Chattanooga Attorney Appointed to Juducial Review Commission


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    Politics, Breaking News, US and World News.
  • WTVC :: News - Waste Watch

    Waste Watch

    How are your tax dollars being spent? Waste Watch tracks whether local, state and federal governments or any groups are using your money wisely...or wasting it.
  • WTVC :: News - Blood Assurance needs donations.

    Blood Assurance needs donations.

    Blood Assurance donation centers are open July 4th
    *Cherokee County Cycles 14660 US Hwy 19 Andrews, NC 11 a.m. to 4 p.m.
    *Dellinger Park 100 Pine Grove Rd. Cartersville, GA 10 a.m. to 3:30 p.m. ...
  • WTVC :: News - Georgia Lottery

    Georgia Lottery

    Get the winning numbers and all the details on how to play in the Peach State.
  • WTVC :: News - Tennessee Lottery

    Tennessee Lottery

    Get the winning numbers and all the details on how to play in the Volunteer State.
  • WTVC :: News - Education News

    Education News

    Here is the latest news on issues affecting NewsChannel 9 area school systems.
  • WTVC :: News - Top Health Stories

    Top Health Stories

    News to keep you and your family alive and well.
  • WTVC :: News - Entertainment News

    Entertainment News

    Looking for something to do? Check here for fun stuff happening in the NewsChannel 9 area.
  • WTVC :: News - Business News

    Business News

    News about your money and businesses in the NewsChannel 9 area.
  • WTVC :: News - Missing Persons

    Missing Persons

    These people are missing and are being sought by law enforcement officials within the NewsChannel 9 viewing area.
  • WTVC :: News - Town Hall

    Town Hall

    Should VW be unionized? Join the debate by being a part of the our live town hall. Click now for details and to register to be in the audience

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