Today: Mostly cloudy and becoming windy. Showers at times. An afternoon high in the upper 50s to low 60s. An increasing North wind at 10-20mph.
Tonight: Still some passing showers during the evening. Windy and much ... More...
Area Businesses Fined by Tenn. Dept of Commerce
These are the Chattanooga-area businesses which were fined by the Tennessee Dept. of Commerce and Insurance in May:
Respondent: CTS Protective Services, Inc., C-1210 - Rossville, GA
Violation: TCA 62-32-304(j) & (k), 62-32-307(d), 62-32-312(a),(c) & (d)
Rule 0090-01-.05(3) Failure to register alarm employees within thirty (30) days.
Action: $18,300 Civil Penalty
Respondent: East Tennessee Solar, Athens, TN
Violation: Unlicensed Activity
Action: $1,000 Civil Penalty
Respondent: Clifford and Angela Evans, Dayton, TN
Violation: Poor Workmanship
Action: $500 Civil Penalty
Respondent: Southeast Painters Inc., Chattanooga, TN
Violation: Unlicensed Activity
Action: $1,000 Civil Penalty
Respondent: Mountain View Memorial Gardens, Decatur, TN
Violation: Failed to properly trust outer burial containers sold as funeral merchandise, offered and sold preneed funeral contracts without first registering with the Commissioner as a Preneed Seller and individuals as a Preneed Sales Agent, failed to provide a detailed listing of preneed merchandise and service contracts sold but not yet serviced, failed to order monuments and failed to deposit funds into trusts within the required time
Action: $3,000 Civil Penalty
Respondent: James M. Wall, Rising Fawn, GA
Violation: Failed to continuously maintain insurance.
Action: Revocation of home inspection license and assessed all investigatory and hearing costs
Respondent: Kondo Auto, Cleveland, TN
Action: $250 Civil Penalty
Respondent: Honda of Cleveland, Cleveland, TN
Violation: Temporary Tag Log Violation
Action: $4,000 Civil Penalty
The Tenn. Department of Commerce and Insurance works to protect consumers while ensuring fair competition for industries and professionals who do business in Tennessee. www.tn.gov/commerce/, @TNCommerceInsur (Twitter), http://on.fb.me/uFQwUZ (Facebook), http://bit.ly/ry1GyX (YouTube)
More Business News
Last Update on October 31, 2014 07:28 GMT
SEOUL, South Korea (AP) -- Japan's Nikkei 225 stock average surged 5 percent and the yen slid against the dollar after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery.
Other Asian stock markets were also higher after the Japanese central bank's announcement Friday. The dollar rose 1.2 percent to 110.64 yen.
The bank said it would increase its asset purchases by between 10 trillion yen and 20 trillion yen ($90.7 billion to $181.3 billion) to about 80 trillion yen ($725 billion) annually.
The Nikkei was up 4.6 percent at 16,380.11 after shedding some of its initial gains. Hong Kong's Hang Seng rose 1.2 percent and Seoul's Kospi was up 0.1 percent.
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- Today. the Commerce Department will release its September report on consumer spending, which accounts for 70 percent of economic activity in the U.S.
Also, the University of Michigan will issue its monthly index of consumer sentiment for October. In September, the index reached its highest level since July 2013, led by greater optimism that the economy will grow and incomes will rise.
The Labor Department will also release the third-quarter employment cost index.
Before the market opens, Exxon Mobil will report its quarterly financial results.
NEW YORK (AP) -- Citigroup is slashing its third-quarter earnings by $600 million, saying that recent investigations by regulators have altered the results it reported earlier this month.
The New York-based bank on Thursday revised its quarterly net income to $2.8 billion from a previously reported $3.4 billion, citing legal expenses.
The bank's operating expenses rose from $12.36 billion to about $13 billion.
The company said in a statement the unexpected increase came from "rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters."
Citi previously reported third-quarter net income of $3.44 billion, or $1.07 per share, on Oct. 14. The results exceeded Wall Street estimates.
Like other major banks, Citigroup has been the target of lawsuits and government investigations for its role in the mortgage meltdown that helped spur the financial crisis of 2008.
SURGICAL GOWNS LAWSUIT
LOS ANGELES (AP) -- A lawsuit says Kimberly-Clark Corp. falsely claimed its surgical gowns met the highest standards for protecting against Ebola and other infectious diseases.
Lead attorney Michael Avenatti says the Texas hospital where two nurses contracted Ebola used to stock the gowns but it's not clear if the nurses had used them.
The $500 million fraud suit was filed Wednesday in federal court in Los Angeles on behalf of a surgeon who wore the gowns.
The lawsuit says Kimberly-Clark knew for a year that the gowns failed industry tests and allowed the transfer of bodily fluids, bacteria and viruses, but the company still promoted them as having the highest level of impermeability.
The maker of Kleenex and other consumer products says it doesn't comment on lawsuits but stands behind its products' safety.
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