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CMA picks first ad agency

The Country Music Association has contracted with global advertising agency MS&L to boost its marketing and communications presence. To do so, former Playboy Enterprises regional manager Sheri Warnke will set up shop at the CMA's Music Row digs.
The agency's first projects include the CMA Awards in November and the CMA Music Festival in 2010, and Warnke is currently planning a marketing summit to be held in conjunction with the awards.
Sep 17, 2009 6:58 AM
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Health care price transparency won't hurt a bit

With the help of a few others in the industry, Robert Hendrick at change:healthcare shoots down the argument that price transparency will damage the financial prospects of physicians and hospitals.
But will knowing the price put healthcare providers out of business? Not likely. In fact, knowing the price seems to be working wonders for Wal-Mart and…oh…just about every other business model in the U.S.
Sep 17, 2009 6:42 AM

Fifth Third wants to buy troubled banks

Kevin Kabat, CEO of the Nashville area's sixth-largest bank, told an investor conference in New York his team is scouting for potential acquisitions of sinking banks, deals that would be backed by the Federal Deposit Insurance Corp.
Sep 16, 2009 2:59 PM

Trevecca launches IT degree

Trevecca Nazarene University this week launched a 17-month bachelor's program in computer information technology. The course work will be split evenly between the classroom and online and students will meet once a week.
Sep 16, 2009 2:53 PM

Regional banks having another strong day

Buoyed by another batch of improving economic data from the inflation and factory fronts, stocks are extending their September rally. Among the sectors leading the way are regional banks, with local players like Regions, Pinnacle and First Horizon picking up 6 percent or more.
Sep 16, 2009 11:44 AM

Citi: No upside in Gaylord

Analysts at Citigroup have begun covering the hospitality sector, rating Nashville-based Gaylord Entertainmnent a 'hold.' Citi has a price target of $23 on the shares (Ticker: GET), which closed Monday trading at $22.18 and have doubled in 2009. SEE ALSO: Some positives for hotel operators
Sep 16, 2009 7:53 AM

Levin say no to another FDIC levy

Michigan Sen. Carl Levin is urging the FDIC to tap the line of credit it has with the Treasury to replenish its coffers rather than hit up community banks with another "special assessment." SEE ALSO: Our recent story on local bankers' concern about FDIC fees
Sep 16, 2009 7:35 AM

Blockbuster in survival mode, will close stores

Entertainment retailer Blockbuster says it will close at least a sixth of its U.S. stores — a minimum of 810 — by the end of next year as it looks to get back to profitability. Based on a Nashville-area network of more than a dozen locations, expect at least two to here get the ax.
Sep 16, 2009 7:28 AM

No loss of pricing power for health insurers

A Kaiser Family Foundation study says that, despite the most painful recession in decades, the average family and employers can still expect to pay 5 percent more for a workplace health plan this year.
The survey shows that health benefits remained relatively stable despite the severe economic downturn. As noted above, this may indicate a strong commitment by employers to maintaining workers’ benefits, but also could reflect the possibility that some employers made decisions about health benefits before the implications of the worsening economy were fully apparent.
Click here for the report's summary and here for the Kaiser Foundation page with much more info.
Sep 16, 2009 7:13 AM
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Is retail revving up?

Based on the unexpectedly strong sales figures released yesterday, the few remaining optimists among us could make that case. But Ben Bernanke says we shouldn't get excited by any stretch of the imagination. There will be no consumer-led recovery this time, no steep upslope to match the free fall of the past year. "It's still going to feel like a very weak economy for some time, as many people will still find that their job security and employment status is not what they wish it was." SEE ALSO: A Journal story with upbeat and skeptical economists chipping in with their thoughts
Sep 16, 2009 6:44 AM