Report: Smyrna to build electric Nissans

A Japanese paper says Nissan plans to invest at least $500 million into electric-car production lines at its Smyrna plant. The company, which is on track to begin building electric cars in Japan in the fall of 2010, early this year applied for a Department of Energy loan to help it make more energy-efficient cars.
Jun 20, 2009 12:05 PM

Study: Green investments would create 10,000 Nashville jobs

A report from UMass researchers, the Natural Resources Defense Council and Green for All says that ramping up Middle Tennessee clean-energy investments of $815 million a year — a figure based on what a think tank sees being generated by stimulus, subsidies and the like — will generate more than 10,000 jobs in the region, more than half of them for people with high-school degrees or less. The $815 million number is based on a $150 billion national number that amounts to 1.1 percent of GDP. For some perspective, that amount equates to the construction of five Pinnacle at Symphony Place office towers every year.
Jun 18, 2009 1:37 PM

BioMimetic does its paperwork

The Franklin-based maker of regnerative tissues has submitted several parts of its application to bring Augment Bone Graft to market. Investors are rewarding that by pushing up its shares (Ticker: BMTI) by 7 percent in pre-market action this morning.
Jun 18, 2009 8:03 AM

Cybera adds customer service VP

Ron Johnson is joining the Nashville retail IT company from XM Satellite Radio, where he was in charge of seven outsourced call centers.
Jun 17, 2009 10:21 AM

Emdeon Q1 up 131%

The Nashville-based health care payment processor is proving its recession-resistant business model as it prepares to go public with the ticker symbol EM. Filing an amended S-1 with first-quarter numbers, the company says revenues rose 4.5 percent to $220 million, operating margins grew from 10.8 percent to more than 13 percent and net income that more than doubled to $3.3 million. Both main business segments posted steady growth rates and, helped by 150 job cuts since last June, management has kept spending in check. One sidenote: Barclays Capital and Jefferies have Emdeon's underwriting team, replacing Merrill Lynch and Banc of America Securities.
Jun 16, 2009 11:05 PM

CCA sticks with phone services provider

Corrections Corp. has renewed its contract with Dallas-based Securus for five years. The deal for secure inmate calling systems covers more than 30,000 prisoners and is worth almost $100 million.
Jun 16, 2009 9:47 PM

Credit card venture wants to raise millions

The team behind edo Interactive, which last month officially launched its venture marketing prepaid debit and credit cards, is looking to raise $8 million via a private offering.
Jun 15, 2009 12:35 PM

Great news for those still around

The fact that HCA laid off nearly 100 people from its corporate IT department last December didn't stop Computerworld from recently naming it one of the best places to work.
Hospital Corporation of America (HCA) announced today that it has been selected as one of Computerworld's top workplaces for information technology professionals. HCA is ranked No. 56 on the publication's top 100 list.
Jun 15, 2009 10:17 AM

The problem with country fans and the Web that half of them don't have Internet access at home. Amid the positive national buzz of the CMA Festival, The Washington Post takes a closer look at a recent survey that is sending shivers down the backs of many record label execs.
As traditional retailers continue to disappear and even Wal-Mart, by far the largest seller of country music, devotes less floor space to CDs, Capitol Records Nashville President and CEO Mike Dungan says that what worries him is, "if a sizable [portion] of our audience has no access online, then we're out of business."
Jun 15, 2009 7:49 AM

Saint Thomas saves on discharges

A Massachusetts software company says the Saint Thomas Health Services system has saved $6 million over the last 18 months by using its service to improve productivity and trim patients' time at its hospitals.
Jun 15, 2009 7:41 AM