Country megastar in mega-sale, Titans' new LB opts for Forest Hills, new VUMC department chair settles in, and more... [From our print edition featured in Monday's City Paper]
Jun 13, 2010 10:35 AM
Takes chairman's role as insider becomes CEO
May 24, 2010 2:38 PM
Lenders give company until year's end to reopen Opryland
May 24, 2010 1:41 PM
Nashville native and 1966 Overton High School football captain Charles "Chad" Holliday has been named chairman of Bank of America. The 62-year-old Holliday, who was CEO of DuPont for the decade ending in 2008, also was a director of hometown titan HCA from 2002 until the company's leveraged buyout in 2006.
Apr 29, 2010 7:23 AM
CNBC's David Faber says hospital chain HCA will settle on the underwriters for its upcoming initial public offering in the next few weeks and then bring its shares to market in July. Faber said the offering could reach $4.5 billion, 50 percent more than earlier reports suggested. (Hmm, that brings to mind the company's bond sale spree a year ago.) Separately, HCA also disclosed that it tweaked the terms of one of its credit lines earlier this week, extending the due date of $2 billion of loans from late 2013 to the spring of 2017.
Apr 9, 2010 7:24 AM
Franklin Synergy continues to beef up its mortgage department, looking to grab market share in the down cycle. The latest addition is Kevin Watson, who ran Millennium Mortgage before managing retail sales at Bank of America Home Loans' local group. Click here for more on Franklin Synergy's growth.
Mar 19, 2010 10:57 AM
Hospital chain adds $200M in lending capacity
Mar 1, 2010 2:45 PM
HealthSpring's announcement Thursday about its new credit facilities didn't detail the financial players involved, but an SEC filing Friday tells us Bank of America has replaced Goldman Sachs as the main lender for the Medicare Advantage insurer. In addition, JPMorgan has entered the picture for HealthSpring, whose shares (Ticker: HS) have risen by a third in the past six months.
Feb 15, 2010 8:02 AM
Bob Corker likes Standard & Poor's newly negative outlook on Bank of America and Citigroup, which is based on analysts' doubt that the government will provide more support should the banks hit more trouble.
This mentality is far better than investors assuming that Congress will be there as a backstop if they experience trouble, and it’s also better than Congress making arbitrary decisions regarding the size and scope of financial institutions. Obviously we wish no harm to these companies or their employees, but this is how a healthy system must work.
Feb 10, 2010 12:12 PM
Smaller facility allows for sale-leaseback deals, tightens 2010 cap ex ceiling
Jan 27, 2010 8:26 AM