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POSTBUSINESS

By: Geert De Lombaerde
Posted: Friday, July 24, 2015 - 06:51
Noranda Aluminum Holding Corp. President and CEO Kip Smith on Thursday sent a message about his outlook for the battered shares of the Franklin-based company.
By: Emily Kubis
Posted: Thursday, July 23, 2015 - 13:30
Vanderbilt University Medical Center is adding an airplane to its LifeFlight program, which provides emergency medical transportation across the country.The new plane is a Pilatus PC-12 and will be based at Nashville International Airport. Denver-based medical transportation company Air Methods owns and operates the plane. Air Methods also handles the patient billing, which is paid to Vanderbilt for providing medical care on the flights.
By: William Williams
Posted: Thursday, July 23, 2015 - 13:02
City of Berry Hill officials are hoping to finalize next week with the Tennessee Department of Transportation a document that will allow the implementation of a grant to fund a multi-modal transportation plan related to Franklin Road. Joe Baker, Berry Hill city manager, said the Active Transportation Program federal grant for the study (valued at $155,000) was secured through the Metropolitan Planning Organization. TDOT will be involved with the project given the specific segment of Franklin Road running through Berry Hill is a state highway (Highway 31).
By: Geert De Lombaerde
Posted: Thursday, July 23, 2015 - 11:44
The numbers at Caterpillar Financial Services took a turn for the worse in the second quarter. The lending arm of construction equipment giant Caterpillar still posted a profit of $104 million in the three months ended June 30, but that was down 30 percent from a year earlier. Revenues slipped 6 percent to $683 million but new business fell 20 percent as most of the company's big customer groups cut back on spending.
By: Geert De Lombaerde
Posted: Thursday, July 23, 2015 - 10:16
Two firms tracking the shares of Pinnacle Financial Partners have lowered their ratings on Nashville's biggest bank company following its second-quarter profit report. Keefe Bruyette & Woods analyst Jefferson Harralson has trimmed Pinnacle to 'market perform' from 'outperform' but maintained his $54 price target.
By: Geert De Lombaerde
Posted: Thursday, July 23, 2015 - 09:38
The Middle Tennessee housing market continues to grow healthier, according to the Freddie Mac Multi-Indicator Market Index, which tracks transaction data as well as residents' incomes, mortgage applications and overall job growth. The measure ended May up more than 8 percent year over year, its fastest growth pace since last August and almost three points higher than in March. Nashville's MiMi reading is at its highest since January 2008.
By: William Williams
Posted: Thursday, July 23, 2015 - 07:15
Sony/ATV Nashville has promoted Josh Van Valkenburg to senior vice president, Nashville A&R, MusicRow.com reports. Van Valkenburg will oversee Nashville A&R and new songwriter and artist signings. He will continue to develop the existing Sony/ATV roste and will report to Sony/ATV Nashville President and CEO Troy Tomlinson, according to the music publication. Read more here. 
By: Geert De Lombaerde
Posted: Thursday, July 23, 2015 - 07:07
Colorado-based telecom infrastructure company Zayo Group says it is investing $39 million to add 147 cell towers to its Nashville-area fiber network. The move is built on the back of a 20-year contract Zayo has signed with an unnamed wireless service provider. It will nearly quadruple the length of Zayo's local network to 470 miles.
By: William Williams
Posted: Thursday, July 23, 2015 - 06:45
TriStar Centennial Medical Center has secured a permit to rehab emergency room space, according to a Metro Codes Department document. Nashville-based Batten & Shaw is handling the work, with the permit valued at $1.3 million. The permit follows a similar project, valued at more than $4 million, for work on the ER facility at the HCA Holdings flagship facility. Batten & Shaw handled that effort, too.
By: William Williams
Posted: Wednesday, July 22, 2015 - 12:48
Berry Hill-based legal industry consulting company Quovant announced today the addition of Chris McDaniel as vice president of strategic partnerships. The move comes after the firm last week announced a name change and two key hires. Previously, it operated as LbGlobalLaw (read more here).