The board of Delek US Holdings has grown to six as a result of the company's recent purchase of 48 percent of Texas-based Alon USA Energy. Yonel Cohen, one of the Alon USA board members who stepped aside to make room for five Delek representatives, was added to the Delek board last week and will hold his seat until the company's 2016 annual meeting.
Carpenter Avionics has acquired the avionics business of Smyrna Air Center, a fixed base operator at Smyrna Rutherford County Airport. Carpenter President Mark Lee says his company has leased space inside Smyrna Air Center's facility so it has locations on the east and west sides of the airport. Lee bought the company last fall.
Nissan announced today May U.S. sales of 134,779 vehicles, a decrease of 0.8 percent compared to May 2014 sales.
In a release, the company noted May over May sales were up 3 percent when adjusted for one fewer selling day this past May.
Nissan Division (which does not include the company's Infinity division) finished the month at 124,305 vehicle sales, down 1 percent on a unit basis (up 2.8 percent adjusted for the one fewer selling day, or DSR).
Infiniti sales in May totaled 10,474, an increase of 0.9 percent (up 4.8 percent adjusted for DSR).
June marks the launch of the eighth-generation Nissan Maxima. Relatedly, Nissan sold 1,578 Maxima vehicles in May compared to 3,256 in May 2014, a drop of 51.5 percent.
Likewise, sales of the well-recognized Altima were down month over month (6.7 percent)
Overall sales of Nissan crossovers, trucks and SUVs set a May record, up 17.6 percent.
The Nissan North America Inc. office is based in Franklin.
Three weeks after slashing shares of Noranda Aluminum Holding to 'sell,' analysts at UBS on Friday raised the Franklin-based company back to 'neutral' — but also cut their price target to $2 from $2.75. (A month ago, it was $3.25.) Noranda (Ticker: NOR) has been taken behind the woodshed in the past few weeks, falling more than 40 percent after private-equity firm Apollo Management said it would sell its large remaining stake. The stock closed Friday at $1.76.
Silicon Ranch Corp. has signed a deal with a Georgia green-energy cooperative to sell the entire output of its largest-ever project, a 52-megawatt solar array west of Savannah. The agreement with Green Power EMC, which supplies renewable energy to 38 utilities in Georgia, will cover 600 acres and service about 8,500 households. Silicon Ranch and Green Power EMC also are finalizing work on a 20-megawatt complex that will come online this fall.
Once completed, the 52 MW array will generate more than 134 million kilowatt hours of clean, renewable electricity annually. That amount of clean energy offsets 92,500 metric tons of greenhouse gas emissions, equivalent to the annual emissions from burning 10,400,000 gallons of gasoline, or put another way, the emissions from more than 19,500 passenger cars.
Read more about the project here.
NeXovation principals and executives of Dover Motorsports last week amended — for the seventh time — their agreement to have locally based NeXovation buy the Nashville Superspeedway. The parties now expect to close on the deal by July 27, and NeXovation has paid Dover $400,000 (to go with the $2.5 million it has already handed over) and agreed to replenish its escrow account to the tune of $1.5 million by Monday.
Atmos Energy will lift its natural gas prices by only 0.5 percent June 1 after agreeing to a settlement with state officials. Dallas-based Atmos services about 132,000 customers in 11 Tennessee counties, including Williamson, Rutherford and Maury. The company had asked the Tennessee Regulatory Authority to raise its rates by 3.9 percent, which would have generated an extra $5.9 million over the next nearly two years. But the Consumer Advocate and Protection Division of the Tennessee Attorney General’s Office intervened and also negotiated a 9.8 percent cap on the utility's return on equity. Check out the details here.
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