Pensions & Investments has an update on the search by Metro's Employee Benefit Trust Fund for a firm to manage a long/short hedge fund-of-funds. Chief Investment Officer Fadi BouSamra is looking to put to work $195 million — up from $185 million in November and $170 million in August.
Apr 30, 2010 8:06 AM
Joe White has an update on state lawmakers' efforts to erase a budget gap of about $100 million. The plan floated last week by Gov. Bredesen to lift the tax cap on single-article sales appears to have gone nowhere after Republicans stood up for businesses.
Apr 30, 2010 7:54 AM
CBL & Associates, the owner of CoolSprings Galleria, Hickory Hollow and RiverGate Mall, posted a first-quarter profit of $10.9 million, more than six times its year-ago number. Per-share earnings beat the Street by 3 cents as same-store sales at the company's properties rose 4.7 percent. The company also signed more than 1 million square feet of new leases during the quarter.
Apr 29, 2010 9:51 AM
Andy Sher at the Chattanooga Times Free Press has the update on the Tennessee Hospital Association's "coverage fee" legislation. The bill — which authorizes a 3.5 percent fee on hospital revenues to offset TennCare cuts — passed through the House Finance Committee this week. From the story:
"Today's unanimous vote in the House Finance Committee was another big step in restoring $659 million in proposed TennCare cuts," Hospital Association President Craig Becker said. "We are optimistic that the legislation will receive the same positive response by the full Senate on Thursday and the full House next week."
Apr 29, 2010 8:24 AM
Nashville is one of 16 cities/regions in line for Department of Energy grant money being funneled through the Southeast Energy Efficiency Alliance to address large-scale retrofit projects in both the residential and commercial arenas. Metro was picked a year ago to take part in the program.
Apr 27, 2010 8:39 AM
Democratic candidate shows what he made and what he paid
Apr 26, 2010 4:11 PM
Writing in the Washington Post, James Grant points the finger at our finance system's "substitution of collective responsibility for individual responsibility."
In Brazil -- which learned a thing or two about frenzied finance during its many bouts with hyperinflation -- bank directors, senior bank officers and controlling bank stockholders know that they are personally responsible for the solvency of the institution with which they are associated. Let it fail, and their net worths are frozen for the duration of often-lengthy court proceedings. If worse comes to worse, the responsible and accountable parties can lose their all.
Apr 26, 2010 9:25 AM
Gubernatorial candidate Bill Haslam has more details on how he wants to improve the delivery of relevant job training via Tennessee's community colleges and technology centers.
“Essentially, we just need to have flexibility at the local level to meet the needs of each community’s businesses and workforce,” Haslam continued. “This can mean a lot of different things, but the point is to let local demand drive the operation the way we do in business.
Apr 22, 2010 3:44 PM
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS