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Bit by bit, hotels claw their way back

But they still have no pricing power, say the folks at Smith Travel Research.
“Even though June demand was still down considerably from last year, the level of decline was the best so far in 2009. That trend has continued through the first half of July, and we’re hopeful that it will continue for the remainder of the summer. However, the percentage declines in average daily room rates continue to be at all time lows.”
Jul 24, 2009 2:08 PM
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Zingo returns

Good news for the intoxicated this weekend and going forward: Designated driving service Zingo Nashville relaunched last night after a several-month hiatus. The service, which provides customers a ride home in their own car, works like this: A customer calls for a ride. The driver then arrives on a collapsible scooter which can fit inside a large back pack. The bike is folded up and put in the trunk. The driver takes the customer home in their own car, unpacks the bike and tools away to his/her next fare. The parent company, based in Atlanta, originally launched Zingo Nashville last year, but was forced to briefly close the operation down following insurance difficulties. According to the company's leadership, those have all been resolved. At the helm of the new local incarnation is President Nick Pagliari. More info at the company's Web site.
Jul 24, 2009 1:40 PM

Analyst action: Psych Solutions, BofA

RBC Capital Markets has begun covering Psychiatric Solutions with an 'outperform' rating and a $30 price target. Psych Solutions shares (Ticker: PSYS) have almost doubled from their spring lows. Meanwhile, analysts at Standpoint Research have launched coverage of Bank of America (Ticker: BAC) with a 'hold' rating and a target of $18.

Jul 24, 2009 1:26 PM

Nearing a bottom in auto sales

J.D. Power says the days of 30 percent drops are behind us.
Jul 24, 2009 1:06 PM

Nice end to Healthways' week

After it raised its earnings guidance yesterday – leading to an upgrade to 'buy' from BB&T Capital Markets – shares of the disease manager (Ticker: HWAY) are up almost 20 percent.
Jul 24, 2009 1:01 PM

Chamber in running for national award

The Nashville Area Chamber of Commerce has been named a finalist for 2009 Chamber of the Year by the American Chamber of Commerce Executives.
Specifically, the Chamber of the Year award recognizes the top chambers in the nation for financial and membership growth and for making a demonstrable impact on key community priorities in areas like economic opportunities, education, transportation, business and cultural vitality. The Nashville Area Chamber’s overall organizational performance, compared with chambers of a similar size, qualified the organization to apply for the award in the largest chamber category. The Chamber’s leadership role in the Nashville for All of Us community coalition; the development of “A Leading Edge,” a suite of programs designed to help members manage through the economic downturn; and the strength of the Operation Renewal member outreach program were used as case studies in the Chamber’s application because they contributed to the organization’s continued strength in a difficult economy. Other finalists in the largest chamber category include the Cedar Rapids Area Chamber from Cedar Rapids, Iowa, and Greater Louisville Inc., from Louisville, Ky. Winners will be announced at an awards show and presentation on Friday, July 31.
Jul 24, 2009 12:45 PM

Insurance jobs moving here

Allstate is closing a claims center in Mississippi and relocating about 30 jobs to its Nashville regional hub and a center in Kentucky. SEE ALSO: New leader for local Allstate operations
Jul 24, 2009 11:14 AM

Report: Nissan to unveil e-cars in a week

A Japanese automotive magazine says Nissan will roll out three electric car designs next week, including the crossover that will be built in Smyrna.
Jul 24, 2009 11:01 AM

How far the new minimum wage will go

Nashville scores well on a list that analyzes the impact of the latest minimum-wage hike, which went into effect this morning. The Music City scores 11th in terms of adjusted cost of living, behind Memphis and Indy but ahead of Charlotte and Austin.
Jul 24, 2009 7:05 AM

Local spot among top gay bars

The Web site of the Logo Network has named Play Dance Bar on Church Street one of the top gay bars in the country.
"I wanted the places where the booze flows freely, where the crowd is crazily unpredictable, where there’s always the opportunity for anything to happen," wrote John Polly in the TripOut.com article. "Because when when I think of the “Best Gay Bars,” I think of places where raucous theme nights are the norm, where the locals are crazy and possibly hot, and where fun, unpredictable, bad behavior abounds."
Jul 24, 2009 6:52 AM