Nashville News Alerts

Source : iHumanMedia.com 

Walmart warning hurts Dollar General

By: Geert De Lombaerde
Posted: Wednesday, October 14, 2015 – 13:12
Shares of Dollar General (Ticker: DG) are down almost 3 percent Wednesday afternoon, the day after the company announced headquarters job cuts and hours after retail giant Walmart issued a sales warning

‘Times’ article highlights Nashville’s building boom

By: William Williams
Posted: Wednesday, October 14, 2015 – 11:15
The New York Times offers a strong article about Nashville’s growth and construction boom. Michigan-based Times freelancer Keith Schneider penned the piece. Interestingly, and according to his LinkedIn page, Schneider has no direct connection to Nashville, thus seemingly rendering his article about the city the result of an objective viewpoint.

Wells cuts Ryman rating

By: Geert De Lombaerde
Posted: Wednesday, October 14, 2015 – 10:02
Veteran Wells Fargo analyst Jeff Donnelly has downgraded his rating on shares of Ryman Hospitality Properties to ‘underperform’ from ‘market perform.’ Ryman shares (Ticker: RHP) are off more than 1 percent this morning to right around $53. They’re flat year to date.

Ramsey lands incentives for HQ relo

By: Geert De Lombaerde
Posted: Wednesday, October 14, 2015 – 08:32
Franklin city officials and Williamson County leaders have approved millions of dollars of tax abatements and other incentives to facilitate the headquarters relocation of the holding company for Dave Ramsey’s financial planning tools and services. Lampo Group/Ramsey Solutions plans to build a new home office to replace its base in Cool Springs.

Texas homebuilder targets Murfreesboro for first Tennessee effort

By: William Williams
Posted: Wednesday, October 14, 2015 – 07:25
Texas-based homebuilder LGI Homes Inc. is looking to establish a Nashville-area presence with a 250 single-family home subdivision called Westwind and to be located in Murfreesboro, The Tennessean reports. The company, the offices for which are located in Houston suburb The Woodlands, has tapped Rudy Solis as vice president of operations for its Nashville division, according to the morning daily.

Sherrard & Roe adds Crenshaw as associate

By: William Williams
Posted: Wednesday, October 14, 2015 – 07:10
Nashville-based law firm Sherrard & Roe has added David C. Crenshaw as an associate.  Crenshaw (pictured), a certified public accountant, will focus his practice on corporate, real estate, and commercial lending, according to a release. Previously an assurance associate with Ernst & Young, Crenshaw is a May graduate of Vanderbilt University School of Law, where he was a Dean’s Scholar and a member of the Vanderbilt Law Review. He earned a Master of Accountancy degree from the University of Tennessee and a B.S. degree, also from UT, in finance in May 2009.

Sterne Agee analyst: Genesco turnaround ‘has hit bottom’

By: Geert De Lombaerde
Posted: Wednesday, October 14, 2015 – 06:51
After several quarters of taking a wait-and-see attitude, analysts are growing more bullish on the prospects for Genesco shares. Less than a week after C.L. King’s Steven Marotta raised his rating on the Nashville-based retailer, veteran researcher Sam Poser has followed suit. The Sterne Agee analyst says Genesco’s Lids division has “hit the bottom” as execs continue to flush its inventories.

TransCore wins $85M Florida contract

By: Geert De Lombaerde
Posted: Tuesday, October 13, 2015 – 14:28
The Central Florida Expressway Authority has awarded an $85 million contract to revamp its toll collection system to Nashville-based TransCore. The contract calls for the upgrading of more than 300 toll lanes TransCore installed a decade and a half ago and is scheduled to be completed by 2018.

North Nashville site near Midtown eyed for townhomes

By: William Williams
Posted: Tuesday, October 13, 2015 – 13:45
Local developer Wendell Harmer is targeting a North Nashville site just north of Midtown for eight townhomes, according to The Tennessean. Harmer last week paid $250,000 for two lots spanning 0.4 acres and with addresses of 1721 and 1723 Jo Johnston Ave., the morning daily reports.

Florida-based music services company eyes area presence

By: William Williams
Posted: Tuesday, October 13, 2015 – 12:00
Boca Raton, Florida-based Ovation Music & Studios Inc. has announced it will open a space in Gallatin. The company — which offers individual and group lessons, rehearsal studios, professional recording studios and live performances with its Rock Shop and Jazz Jam ensembles — said in a release it has signed a lease in a building that is slated to undergo updates to house the facility. Neither financial terms of the lease nor the building’s address were not disclosed in the release.

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TOP FINANCE NEWS

Dental practice management company launches in Nashville

Ex-Castle Dental, RehabCare Group boss to lead company backed by Chicago firm

$20B+ regional bank snaps up local health care lending group

Team built $190M book for United Community Banks in past two years

Local BDO partner elected to firm’s national board

Tax specialist has been with firm for a decade

Waller names new financial services group leader

Firm also adds UBS veteran as group executive director

Franklin Synergy again expanding HQ

Future home of mortgage group expected to open in Q1

BofA adds to local deposit lead

Top dog is only one of top 10 to grow share

Burr lures longtime Bone attorney

Lending specialist moves up a few City Center floors

CapStar recruits Franklin Synergy SVP

CRE specialist has worked in Murfreesboro, Wilson County

Valley investor takes majority stake in Cybera

New CEO is former C-level exec at NTT division

TVV buys tanker monitoring company

Florida firm is fund’s sixth investment

PEOPLE

$20B+ regional bank snaps up local health care lending group

Team built $190M book for United Community Banks in past two years

Local BDO partner elected to firm’s national board

Tax specialist has been with firm for a decade

Burr lures longtime Bone attorney

Lending specialist moves up a few City Center floors

NEED TO KNOW

Area banks have been clawing their way out of the Great Recession with mixed results.Click here for our quarterly wrap-ups of the data they report to the FDIC.

The TNInvestco program run by the state’s ECD and Revenue departments has chosen 10 investment funds to put to work about $145 million in early-stage companies based in Tennessee or moving here. Browse our extensive coverage of the program here.

In late January of 2012, Tennessee Commerce became the first Tennessee bank failure in almost 10 years. Click here to catch up on the before, during and after of the Franklin lender’s demise.

A handful of Middle Tennessee’s banks took the Treasury’s cash in the scary days of late 2008 and early 2009. Since then, they have worked to repay their TARP tab. In some cases, it’s been a relatively smooth path. But for some, the journey remains tortuous.