Mixed-use building eyed for Five Points

MDHA committee to consider three-story structure next to Bongo East
Nov 30, 2015 2:35 PM

Third Man opens in Motor City

Third Man Records has opened a retail store in Detroit.

Recording artist Jack White, who owns the SoBro-based original TMR (which combines a retail shop, recording studio and live music venue) is a native of the Motor Center.

Of note, the Detroit shop will soon offer Third Man Pressing, the label's own vinyl manufacturing facility.

TMR hopes to have eight presses, purchased from German company Newbuilt, online by mid-2016.

Our colleague Stephen Trageser has more here at Post sister publication Nashville Scene.

Nov 30, 2015 2:20 PM

Nashville's per-gallon gas price average continues dip

The average per-gallon price of regular gas in Nashville on Sunday was $1.94, down three cents compared to the mark of a week ago and down five cents from the figure of four weeks prior.

This time in 2014, the average per-gallon price of regular gas in Nashville was $2.72, according to AAA The Auto Club Group.

Relatedly, Tennessee’s average price was $1.87 on Sunday, down four cents compared to the figure from the previous week. The price was $1.93 four weeks ago and $2.57 a year ago. In Tennessee, the peak price to date this year has been $2.58 (on June 17).

The national average Sunday was $2.04, down four cents from the mark of the prior Sunday.

Last week, motorists enjoyed the lowest Thanksgiving gas prices since 2008, AAA reports. Gas prices declined throughout the holiday weekend, as was forecasted by AAA. The national average on Thanksgiving Day was $2.05, 75 cents lower than the price of the year before. 

"Gas prices have been falling at a rate of about a half cent a day, and if that pace continues, the national average will drop below $2 in the next two weeks," Mark Jenkins, AAA spokesman, said in the release. "But there is potential for the pump price plunge to slow after oil prices climbed a few bucks last week."

The price of oil averaged $42.34 last week — $1.52 higher than the mark of the week before. WTI closed as low as $41.71 and $43.04 at its peak.

Nov 30, 2015 11:20 AM

Analysts cut rating, target for Cracker Barrel

Argus Research analyst John Staszak has downgraded shares of Cracker Barrel Old Country after the Lebanon-based restaurant and retail company reported solid fiscal first-quarter profits but said its traffic trends will remain soft for a while. Staszak now rates Cracker Barrel, which closed last Wednesday (Ticker: CBRL) above $130, at 'hold' and says he sees "little room for P/E multiple expansion in the near term."

Separately, veteran local restaurant analyst Bob Derrington — who this summer moved to Telsey Advisory Group — has trimmed his price target for Cracker Barrel to $142 from $155 on the back of the Q1 results. Derrington in late October had lowered his target from $165.

Nov 30, 2015 6:53 AM

Etsy spat lands in federal court

Cookeville couple contend competitor is cooking up copyright claims
Nov 25, 2015 1:22 PM

Edley's plans Lexington restaurant

The team behind Edley's Bar-B-Que plans to open their fourth restaurant about this time next year — and it will be their first outside of Nashville. Eater Nashville reports that entrepreneurs Will and Catharine Newman are taking space in the same Lexington, Kentucky, shopping center J. Alexander's has picked for one of its next locations.

Nov 25, 2015 12:57 PM

J. Alexander's director spends $200K+ on stock

J. Alexander’s Holdings director Frank Martire has in the past week spent almost $215,000 to build his stake in the restaurant company. Martire was named to the board of West End-based J. Alexander’s in September, just before the company returned to the New York Stock Exchange. He is the executive chairman of Fortune 500 company Fidelity National Information Services and was that company’s CEO from 2009 to early this year.

Martire's recent purchases have more than doubled his stake in J. Alexander’s (Ticker: JAX), which has climbed about 10 percent since being spun out of Fidelity National Financial nearly two months ago.

Nov 25, 2015 9:02 AM

Cost cuts drive Cracker Barrel Q1 profits

But traffic slumped in October; stock falls 6%
Nov 24, 2015 12:13 PM

Cumulus names area event sales manager

Chicago transplant will oversee parts of six properties
Nov 24, 2015 10:10 AM

Inside Cracker Barrel's treasure trove

Retailer's Decor Warehouse helps decide when nostalgia begins and ends
Nov 24, 2015 6:58 AM