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VOL. 42 | NO. 28 | Friday, July 13, 2018

When your job is what you love ...

Beer fans turn their passion into profits – if they have a good head for business

So many amazing and innovative things began in a garage. Grunge music. The Apple computer. Disney. Amazon. And 20 years ago, the beginnings of Nashville’s now-exploding brewery scene.

Taprooms becoming important part of beer marketing

Sean Jewett had an idea of what the East Nashville Beer Works taproom should be while he was building the business with co-founder Anthony Davis, drawing inspiration from trips to Michigan’s Bell’s Brewery, Founder’s Brewery and Dark Horse Brewery, as well as Delaware’s 262,000-barrel-a-year Dogfish Head.

Nashville Ledger takes top honors at statewide newspaper awards

The Nashville Ledger won top honors for its division Thursday night at the annual University of Tennessee/Tennessee Press Association awards in Franklin.

Belle Meade, Metro at odds concerning surveillance cameras

Law enforcement in Belle Meade will soon have another detection tool in place when the city erects 20 license plate recognition cameras at major points of entry and exit in the city.

Local Weather
Currently
Nashville, TN
61.0°F
Mostly Cloudy
Wind: Southwest at 6.9 mph
Humidity: 50%

EVENTS

Business Expo. Networking opportunities and educational benefits at the Williamson County Chamber of Commerce Business Expo for all of Williamson County at Mill Creek Brewing Company in Nolensville. Meet and greet other professionals while browsing and/or exhibiting your business or organization and show the community what you have to offer. Host a table and showcase your business or attend to learn more about Williamson county business community. Mill Creek Brewery, 2008B Johnson Industrial Blvd., Nolensville. Thursday, 4-7 p.m. Fee: Free for Chamber Members, $5 General Admission. Live music, games, food and drinks. Information

more events »

SAM STOCKARD: VIEW FROM THE HILL

Unpopular bill? Just rebrand it with TRUMP attached

Using what could be the political acronym of the year, two Republican state lawmakers with expertise in pain treatment are playing on the popularity of President Donald Trump to pass medical pot legislation.

RICHARD COURTNEY: REALTY CHECK

Looking for a $200K home? You’ll need to stop for gas

There were 4,036 closings in June, Greater Nashville Realtors sales information reveals, a slight increase from 3,887 closings last June. Of note is that the 3,887 closings last year left an inventory of 8,842, while this June’s closings had 11,087 homes remaining on the market, a number more than last month’s 9,511.

REAL ESTATE

Average US mortgage rates edge up; 30-year at 4.53 percent

WASHINGTON (AP) — Long-term U.S. mortgage rates edged higher this week, marking their first increase since early June.

PREDATORS

Preds paying high price for ‘win-now’ mindset

By the time the Predators made their first selection of the 2018 NHL Entry Draft last month, 110 prospects had already been chosen by rival teams.

ELECTION 2018

Rural Tennessee fighting for its prosperity

For many Tennesseans, the pain and financial loss of the Great Recession have faded.

What statewide candidates have to say about rural Tennessee?

Like most of America, Tennessee’s metropolitan areas have prospered during the last eight years, while the rural areas have lagged in almost every measure. The state has 19 of its 95 counties classified as “distressed.” What can and should we do to give every Tennessean a chance to succeed?

NEWSMAKERS

Green & Little selects Green as vice president

Green & Little, L.P., real estate investment and development firm based in Gallatin, has named Anderson Green as vice president. Green oversees day-to-day business operations at the asset management level and will be more involved in the overall strategic direction for Green & Little. He has been with the company since 2014.

BRIEFS

Affinion Insurance Solutions set to be sold

Mill Point Capital has reached an agreement to acquire Franklin-based Affinion Insurance Solutions.

BEHIND THE WHEEL

Full-size pickups work hard to catch Ford F-150

The 2019 model year marks the start of a new cycle for some of America’s top trucks, led by redesigned pickups from Chevrolet and Ram. Ford’s top-selling F-150 had updates in 2018, and more may be in the offing for 2019. Typically, Japanese truck makers Nissan and Toyota aren’t far behind with their own updates. Edmunds breaks down what you need to know about today’s crop of full-size pickups.

BUSINESS BOOK REVIEW

How to smooth rough a transition into retirement

You’ve handed in your keys. It was a bittersweet moment, that pass-along. Cleaning out your workspace was no big deal, a last trip to the lunchroom felt like any other day. But those keys… that part really got to you. “Retirement Reinvention” by Robin Ryan will help when your next thought is, “Well, now what?”

CAREER CORNER

Start at the top as you look for a new workplace

It’s often said that employees quit bosses, not jobs. Can you relate?

COURTS

Felon gets 10 years for having gun used to kill child

NASHVILLE (AP) — A Tennessee man has been sentenced to 10 years in prison for possessing the gun authorities say a toddler used to fatally shoot a 7-year-old.

LGBT advocates fear Kavanaugh's votes on gay-rights issues

WASHINGTON (AP) — Gay-rights supporters who thronged the Supreme Court plaza after justices declared same-sex marriage a constitutional right expect to have little to celebrate if Brett Kavanaugh replaces Justice Anthony Kennedy, the author of all the court's major gay-rights rulings.

Philadelphia's tax on soda upheld by state Supreme Court

HARRISBURG, Pa. (AP) — Philadelphia's tax on soda and other sweetened drinks was upheld on Wednesday when the state's highest court rejected a challenge by merchants and the beverage industry.

AUTO INDUSTRY

Auto industry urges US to hit brakes on proposed car tariffs

WASHINGTON (AP) — Automakers, dealers and suppliers are united in opposition to President Donald Trump's proposed tariffs on imported cars, trucks and auto parts.

Study: Tariffs would add $4,400 to car prices

WASHINGTON (AP) — Imposing a 25 percent tariff on auto imports would raise the price of the typical new car sold in the United States (now about $35,000) by $4,400 — $2,270 for U.S.-built cars and $6,875 for imported cars and trucks, according to a study released Thursday by the Center for Automotive Research.

EU preparing to hit back if US puts tariffs on car imports

BRUSSELS (AP) — The European Union says it is already preparing measures to retaliate against the United States if President Donald Trump puts tariffs on imported cars and auto parts.

Jailed Audi chief seeks release pending German fraud probe

BERLIN (AP) — Audi's chief executive is seeking his release from jail during an ongoing investigation of suspected fraud as part of parent company Volkswagen's diesel emissions scandal.

TECHNOLOGY

Trump on EU's $5B fine against Google: 'I told you so!'

WASHINGTON (AP) — President Donald Trump says the European Union's record $5 billion fine against tech giant Google proves his point that the EU is taking advantage of the U.S.

Zuckerberg clarifies stance on policy for Holocaust deniers

NEW YORK (AP) — Facebook CEO Mark Zuckerberg is clarifying his stance pertaining to Holocaust deniers after getting some blowback on social media.

NATIONAL/INTERNATIONAL BUSINESS

US stocks skid as banks and consumer products companies fall

NEW YORK (AP) — U.S. stocks are falling Thursday morning as weak results from banks and consumer products companies pull major indexes lower. Online retailer eBay plunged after its second-quarter sales fell short of Wall Street projections. Comcast rose after ending its bid to buy most of Twenty-First Century Fox.

EU is urging members to prepare for no-deal Brexit

BRUSSELS (AP) — The European Union's executive arm is urging member states to prepare for all possible Brexit scenarios including one where Britain leaves the bloc in a disorderly fashion, and without a deal with Brussels outlining future relations or trade arrangements.

Target is cranking up same-day delivery in New York

BIRMINGHAM, Ala. (AP) — Target will begin rolling out speedy service for thousands of products by the end of the month in New York, less than a year after spending $550 million to acquire the same-day delivery company Shipt.

In the battle for Twenty-First Century Fox, Comcast blinks

NEW YORK (AP) — In a battle among media giants for control of Twenty-First Century Fox's entertainment business, Comcast has blinked.

NATIONAL POLITICS

Trump's pick to run consumer watchdog faces skeptical Senate

WASHINGTON (AP) — Kathy Kraninger, President Donald Trump's nominee to take over the nation's watchdog for banks, credit cards and payday lenders, made her public debut in front of the Senate Banking Committee on Thursday, where she is facing extremely hostile questioning from Senate Democrats.

Trump's says Biden is his 2020 'dream' Democratic opponent

WASHINGTON (AP) — So which Democrat would President Donald Trump most like to run against in 2020?

Amid harsh criticism, Trump tries a tougher tone on Russia

WASHINGTON (AP) — President Donald Trump spent a second day managing the political fallout from his widely criticized meeting with Russia's Vladimir Putin, shifting stances and mopping up what the White House said were misstatements.

Trump: news media wants confrontation, even war, with Russia

WASHINGTON (AP) — President Donald Trump accused the news media Thursday of trying to provoke a confrontation with Russia that could lead to war, as he continues to push back against criticism of his summit with Russian President Vladimir Putin.

North Korea hasn't met its promise to return US war remains

WASHINGTON (AP) — More than a month after North Korea pledged to immediately return some American war dead, the promise is unfulfilled.


WEDNESDAY, JULY 18
STATEWIDE

Boyd takes his 1st swipe at Lee in Tennessee GOP gov race ad

NASHVILLE (AP) — Ex-state economic development commissioner Randy Boyd is waging his first attacks on businessman Bill Lee in Tennessee's four-way Republican gubernatorial primary.

Tennessee zipper company in crosshairs of buy-American laws

DUNLAP (AP) — Robert Kwasnik has a zipper problem — and it has come to the attention of the highest levels of the U.S. government.

NASHVILLE AREA

Metro council: Don't invest pensions in private prisons

NASHVILLE (AP) — Metro council has asked a city board to stop investing money from its employee pension fund in privately-operated prisons.

ENVIRONMENT

US coal ash pollution rules eased after industry balks

DENVER (AP) — The Trump administration on Wednesday eased rules for handling toxic coal ash from more than 400 U.S. coal-fired power plants after utilities pushed back against regulations adopted under former President Barack Obama.

AUTO INDUSTRY

Auto industry cries foul as Trump moves toward car tariffs

WASHINGTON (AP) — Having started a trade war with China and enraged U.S. allies with steel tariffs, President Donald Trump is primed for his next fight. He is targeting a product at the heart of the American experience: cars.

Tesla Model 3 buyers lose patience and maybe tax credits

DETROIT (AP) — In March of 2016, Keith Reynolds flew from California to Atlanta so he could claim his spot in line at 4 a.m., and get a three-hour head start on his West Coast competitors.

REAL ESTATE

US housing starts tumbled 12.3 percent in June

WASHINGTON (AP) — U.S. homebuilders sharply curtailed the pace of construction in June as housing starts plummeted 12.3 percent.

NATIONAL/INTERNATIONAL BUSINESS

US stocks edge higher as airlines, railroads and banks jump

NEW YORK (AP) — Big gains for banks and transportation companies like airlines and railroads took U.S. stock indexes slightly higher Wednesday. Other parts of the market didn't move much.

Frustrated lawmakers threaten action on Trump's tariffs

WASHINGTON (AP) — Lawmakers are losing patience with the Trump administration's reliance on tariffs to win trade disputes and are talking increasingly about legislative action to protect U.S. jobs.

Morgan Stanley 2Q profits jump 39 percent, helped by trading

NEW YORK (AP) — Investment bank Morgan Stanley said its second-quarter profits rose by 39 percent from a year ago, driven by another strong performance in trading and investment banking, as well as a lower tax bill.

EU fines Google a record $5B for mobile practices

BRUSSELS (AP) — The European Union fined Google a record $5 billion Wednesday for forcing cellphone makers that use the company's hugely popular Android operating system to install Google apps.

Marriott hotels eliminating plastic straws by 2019

DETROIT (AP) — Marriott International plans to remove plastic straws and drink stirrers from all of its 6,500 hotels and resorts worldwide by next year.

NATIONAL POLITICS

Trump asserts Russia not targeting US, contradicting intel

WASHINGTON (AP) — President Donald Trump on Wednesday denied Russia is still targeting the United States, a claim sharply at odds with recent warnings from his top intelligence chief about ongoing threats to election security.

Trump: Montenegro's 'aggressive people' could start WWIII

WASHINGTON (AP) — President Donald Trump is taking another jab at NATO, questioning whether the alliance's mutual defense pact might conceivably let tiny Montenegro's "very aggressive people" start World War III.

A day after back-tracking, Trump defends summit performance

WASHINGTON (AP) — Taking to Twitter early Wednesday, President Donald Trump defended anew his much-criticized performance at the Helsinki summit, promising "big results" from better relations with Russia and hitting back at "haters."

Ex-FBI chief Comey urges voters to support Democrats in fall

WASHINGTON (AP) — James Comey, the FBI director who was fired last year by President Donald Trump, is urging voters to support Democrats in November's midterm elections.


TUESDAY, JULY 17
SPORTS

Sankey: New gambling laws could result in SEC injury reports

ATLANTA (AP) — Southeastern Conference Commissioner Greg Sankey says the Supreme Court ruling that struck down a federal law barring gambling on sports could cause the league to require schools to issue weekly reports that list the status of injured or ineligible players.

UT SPORTS

Jury selection starts for rape trial of ex-Vols

KNOXVILLE (AP) — Former Tennessee football players A.J. Johnson and Michael Williams are going on trial to face aggravated rape charges nearly 3 ½ years after both men were indicted.

STATEWIDE

Tennessee Republican governor race debate canceled

NASHVILLE (AP) — A Republican debate in the Tennessee governor's race is canceled after three of four leading candidates dropped out.

The Daily Memphian to launch in fall

A new seven-days-a-week news outlet called The Daily Memphian will make its debut this fall, with many of the biggest names in Memphis journalism and a unique not-for-profit funding model. The ambitious effort’s goal is to become the city’s definitive news source with reporting of, by and for Memphis.

Tennessee senators, hopefuls oppose Trump remarks on Russia

NASHVILLE (AP) — Tennessee's Republican senators and two Senate candidates are speaking out against President Donald Trump's refusal to condemn Russian interference in the 2016 U.S. election.

COURTS

MGM sues Vegas mass shooting victims, argues it isn't liable

LAS VEGAS (AP) — MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas.

ENVIRONMENT

EPA proposal to limit science studies draws opposition

WASHINGTON (AP) — Democratic lawmakers joined scores of scientists, health providers, environmental officials and activists Tuesday in denouncing an industry-backed proposal that could limit dramatically the scientific studies the Environmental Protection Agency considers in shaping protections for human health.

HEALTH CARE

UnitedHealth puts up big profit numbers in 2Q

UnitedHealth Group's second quarter earnings beat Wall Street expectations, helped by a surge in government-funded coverage, and the nation's largest health insurer hiked its 2018 forecast again.

FDA plans to ease OTC approvals for some prescription drugs

U.S. regulators proposed new guidelines Tuesday to make it easier for some common medicines to be sold without a prescription — and more convenient for consumers to get them.

TECHNOLOGY

Twitter suspended 58 million accounts in 4Q

NEW YORK (AP) — Twitter suspended at least 58 million user accounts in the final three months of 2017, according to data obtained by The Associated Press. The figure highlights the company's newly aggressive stance against malicious or suspicious accounts in the wake of Russian disinformation efforts during the 2016 U.S. presidential campaign.

NATIONAL/INTERNATIONAL BUSINESS

US stocks rebound as tech and household goods companies rise

NEW YORK (AP) — U.S. stocks rallied Tuesday as retailers, technology and household goods companies all made solid gains and helped the market shake off a weak start. Netflix slumped after investors were disappointed with the streaming video company's subscriber growth.

Powell says strong economy will keep rate hikes coming

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump's get-tough trade policies run the risk of dampening future growth if they lead to permanently higher tariffs.

Amazon pokes fun at glitches, says tech gadgets popular

NEW YORK (AP) — Amazon poked fun at the early glitches it saw with Prime Day, though it said shoppers still found plenty to buy. Analysts, meanwhile, saw other things Amazon could have done better, like discounting more fashion brands and taking more advantage of its acquisition of Whole Foods.

NAACP lifting travel advisory against American Airlines

WASHINGTON (AP) — The NAACP is lifting its travel advisory against American Airlines, saying improvements are being made to address worries about African-Americans being subject to discrimination or unsafe conditions while flying.

Lab-grown meat could be in restaurants in 3 years

BERLIN (AP) — A Dutch company that presented the world's first lab-grown beef burger five years ago said Tuesday it has received funding to pursue its plans to make and sell artificially grown meat to restaurants from 2021.

US industrial production rebounds 0.6 percent in June

WASHINGTON (AP) — U.S. industrial production rebounded last month after being dragged down in May by a fire at an auto parts plant.

Japan, EU sign trade deal to eliminate nearly all tariffs

TOKYO (AP) — The European Union and Japan signed a landmark deal on Tuesday that will eliminate nearly all tariffs on products they trade.

Goldman Sachs' 2Q profits jump 44 percent, helped by trading

NEW YORK (AP) — Goldman Sachs says profits jumped 44 percent in the second quarter compared with a year ago, driven by the investment bank's core franchises: advising companies on mergers, acquisitions and other deals, and its trading business.

NATIONAL POLITICS

House panel would provide $5B for Trump border wall

WASHINGTON (AP) — A House spending bill would provide $5 billion next year for building President Donald Trump's proposed border wall with Mexico.

Opposite day: Trump corrects own quote on Russian meddling

WASHINGTON (AP) — Blistered by bipartisan condemnation of his embrace of a longtime U.S. enemy, President Donald Trump sought Tuesday to "clarify" his public undermining of American intelligence agencies, saying he had misspoken when he said he saw no reason to believe Russia had interfered in the 2016 U.S. election.

New IRS policy allows some tax-exempt groups to veil donors

WASHINGTON (AP) — The Trump administration is lifting requirements that some tax-exempt groups disclose the identities of their donors to federal tax authorities.

EU, US relations sinking further after divisive Trump tour

BRUSSELS (AP) — After a week of the worst barrage of insults yet from U.S. President Donald Trump, the European Union is looking westward toward the White House less and less.

House GOP blocks measure to condemn Trump

WASHINGTON (AP) — House Republicans have used a party-line vote to block a Democratic measure aimed at condemning President Donald Trump's stunning comments in Helsinki, Finland, about Russia. It was the first vote testing how Congress will react to Trump's remarks.

Trump unfazed by GOP criticism, says Putin meeting was great

WASHINGTON (AP) — Unbowed by the broad condemnation of his extraordinary embrace of a longtime U.S. enemy, President Donald Trump declared Tuesday that his summit in Helsinki with Russian President Vladimir Putin went "even better" than his meeting with NATO allies last week in Brussels.

Summit takeaways: Trump doubts intel, plays trusting partner

WASHINGTON (AP) — President Donald Trump's first summit with Russia's Vladimir Putin left a wake of confusion and outrage in the U.S.

AP FACT CHECK: Trump isolated in view of Russia meddling

WASHINGTON (AP) — President Donald Trump said he sees no reason why Russia would have interfered in the 2016 election. Minutes earlier, on the same platform, Russian President Vladimir Putin offered a reason, even while denying Moscow ever meddled: He wanted Trump to win.

Prosecutors: Russian hackers exploit US cyber vulnerability

WASHINGTON (AP) — Exactly seven months before the 2016 presidential election, Russian government hackers made it onto a Democratic committee's network.

San Francisco to consider tax on companies to help homeless

SAN FRANCISCO (AP) — San Francisco voters will decide in November whether to tax large businesses to pay for homeless and housing services, an issue that set off a battle in another West Coast city struggling with income inequality.

Brexit campaign group fined for breaking electoral law

LONDON (AP) — The official group that campaigned to take Britain out of the European Union in the 2016 referendum has been fined and referred to police for breaking electoral law, Britain's electoral watchdog said Tuesday.


MONDAY, JULY 16
STATEWIDE

Bredesen, Blackburn raise millions in Senate race

NASHVILLE (AP) — Republican U.S. Rep. Marsha Blackburn narrowly outraised Democratic former Gov. Phil Bredesen last quarter and maintains a 2-to-1 cash advantage against him in the open U.S. Senate contest in Tennessee, according to totals released by the campaigns.

Daily news website announced in Memphis, to launch in fall

MEMPHIS (AP) — Journalists in Memphis have announced a new online news site that will publish stories daily and will be available by subscription.

PREDATORS

Predators sign restricted free agents Saros, Hartman

NASHVILLE (AP) — The Nashville Predators have signed goaltender Juuse Saros to a three-year contract and forward Ryan Hartman to a one-year deal.

UT SPORTS

Vols' Thaxton arrested, suspended from team activities

KNOXVILLE (AP) — Tennessee has suspended defensive lineman Ryan Thaxton from team activities following his arrest on charges of false imprisonment and domestic assault.

NASHVILLE AREA

Nashville airport sets passenger record for fiscal year

NASHVILLE (AP) — Nashville International Airport served more than 14.9 million passengers in the fiscal year just ended.

Tennessee Titans, police, firefighters hold blood drive

NASHVILLE (AP) — Law enforcement and firefighters are working with the Tennessee Titans in a blood drive this week.

REGION

Georgia, Alabama, 3 other states in speed enforcement task

ATLANTA (AP) — Georgia joins Alabama and three other states in a week-long speed enforcement operation beginning Monday.

COURTS

Judge temporarily halts deportation of reunified families

SAN DIEGO (AP) — A federal judge on Monday ordered a temporary halt to any deportations of reunited families who were separated by the Trump administration after crossing the southwest border.

EDUCATION

AP Exclusive: Billionaires fuel US charter schools movement

SEATTLE (AP) — Dollar for dollar, the beleaguered movement to bring charter schools to Washington state has had no bigger champion than billionaire Bill Gates.

NATIONAL/INTERNATIONAL BUSINESS

Stocks fall as crude oil prices drop 4 percent; banks climb

NEW YORK (AP) — Major U.S. indexes closed mostly lower Monday as investors bought banks but sold most other types of stocks, including health care and technology companies. Energy stocks sank along with oil prices.

US: Sanction exemptions open to those reducing Iran imports

WASHINGTON (AP) — Countries and businesses that continue to import Iranian oil could avoid penalties by making "significant reductions" as Washington re-imposes sanctions on Tehran later this year, according to top U.S. officials.

FCC head has 'serious concerns' with Sinclair-Tribune deal

NEW YORK (AP) — The chairman of the Federal Communications Commission is raising "serious concerns" about Sinclair's $3.9 billion deal for Tribune's television stations.

US challenges China, EU and others at WTO over steel tariffs

WASHINGTON (AP) — The Trump administration on Tuesday brought cases against China, the European Union, Canada, Mexico and Turkey at the World Trade Organization for retaliating against American tariffs on imported steel and aluminum.

IMF: World economy likely to grow 3.9 percent this year

WASHINGTON (AP) — The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year despite worries about rising trade tensions and higher oil prices. But the lending agency is downgrading the outlook for Europe and Japan.

British PM accepts key amendments from hard-line Brexiteers

LONDON (AP) — British Prime Minister Theresa May Monday accepted amendments to a customs bill put forward by Brexit hardliners who oppose her plan for a "common rule book" with the European Union after the country leaves the bloc.

US retail sales rise at a healthy 0.5 percent pace in June

WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month despite higher prices and modest wage gains, a sign of underlying consumer optimism.

China files WTO challenge to US $200B tariff plan

BEIJING (AP) — China announced it filed a World Trade Organization challenge Monday to President Donald Trump's latest tariff threat, stepping up its diplomatic efforts to counter U.S. pressure in a spiraling technology dispute.

EU says Airbnb must change booking system after complaints

BRUSSELS (AP) — The European Union said Monday that Airbnb has until the end of August to address consumer complaints that the U.S. company's pricing and booking system can be misleading.

Survey of economists: US sales and employment likely to grow

DETROIT (AP) — Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them.

Bank of America 2Q profits boosted by tax law, higher rates

NEW YORK (AP) — Bank of America's second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law. The bank also benefited from the recent rise in interest rates, allowing it to charge more for customers to borrow.

Long-troubled Deutsche Bank says profits unexpectedly high

BERLIN (AP) — Germany's biggest bank, Deutsche Bank, said Monday that its earnings will be considerably higher than expected in the second quarter, a fact that it said underlines the "resilience" of the company after a period of trouble.

Financial forum: Virtual currencies need close monitoring

FRANKFURT, Germany (AP) — An international forum on financial regulation say virtual currencies such as bitcoin do not currently pose a threat to global stability but require "vigilant monitoring" as the market is changing rapidly.

Prime time: A day of deals at Amazon, and at its rivals

NEW YORK (AP) — Amazon's annual "Prime Day" promotion that starts Monday will focus on new products, bringing Whole Foods into the process and persuading subscribers that Prime membership is worth the coming price hike.

NATIONAL POLITICS

Analysis: Slogan becomes 'Me First' as Trump meets Putin

WASHINGTON (AP) — Donald Trump's "America First" slogan morphed Monday into "Me First" as the president unloaded on his own intelligence community and Justice Department to portray himself as the victim of a conspiracy to deny him legitimacy. Trump also blamed American "foolishness and stupidity" for the poor state of U.S.-Russia relations, returning to themes he has repeated at political rallies around the United States.

AP FACT CHECK: Trump nearly alone in Russia meddling doubts

WASHINGTON (AP) — President Donald Trump said Monday he sees no reason why Russia would have interfered in the 2016 election. Minutes earlier, on the same platform, Russian President Vladimir Putin offered a reason, even while denying Moscow ever meddled: He wanted Trump to win.

Lawmakers call Trump's performance 'bizarre,' 'shameful'

WASHINGTON (AP) — Key members of Congress, including some Republicans, are criticizing President Donald Trump's performance at a press conference with Russian President Vladimir Putin as "bizarre," ''shameful" and a "missed opportunity" to stand up to Russia.

Trump: Putin made 'incredible offer' in Russian hacking case

WASHINGTON (AP) — President Donald Trump said Monday that Russian President Vladimir Putin privately made an "incredible offer" to help American investigators in their prosecution of 12 Russian intelligence officers accused of hacking crimes during the 2016 presidential election.

Putin says he wanted Trump to win in 2016, didn't interfere

HELSINKI (AP) — Russia's Vladimir Putin said Monday he did want Donald Trump to win the 2016 U.S. presidential election but took no action during the campaign to make it happen. He said he favored the celebrity businessman because of his policies.

Trump-Putin summit opens without talk of election meddling

HELSINKI (AP) — With a wink and a slouch, respectively, President Donald Trump and Russia's Vladimir Putin opened their summit Monday as the American president declared that "the world wants to see us get along." Trump laid out a list of topics for discussion that notably did not include Russian meddling in the 2016 presidential election.

EU official urges Trump, Putin not to destroy global order

BEIJING (AP) — A senior European official on Monday urged U.S. President Donald Trump, Russian President Vladimir Putin and China to work with Europe to avoid trade wars and prevent conflict and chaos.

US firm tried to enlist ambassadors to help Russian company

WASHINGTON (AP) — A U.S. lobbying firm sought to recruit the ambassadors of France, Germany and several other countries to demonstrate international support for severing Russian oligarch Oleg Deripaska's control of Rusal, the aluminum manufacturing giant sanctioned by Washington.


FRIDAY, JULY 13
TENNESSEE TITANS

2014 top offensive player RB DeMarco Murray retires

DeMarco Murray is retiring from the NFL.

MUSIC INDUSTRY

Bluegrass museum announces details of grand opening

OWENSBORO, Ky. (AP) — The Bluegrass Music Hall of Fame and Museum has announced details of its grand opening this fall.

COURTS

Moscow now accused of US election meddling, in indictment

WASHINGTON (AP) — Twelve Russian military intelligence officers hacked into the Clinton presidential campaign and Democratic Party, releasing tens of thousands of stolen and politically damaging communications, in a sweeping conspiracy by the Kremlin to meddle in the 2016 U.S. election, according to a grand jury indictment announced days before President Donald Trump's summit with Russian President Vladimir Putin.

HEALTH CARE

Dems: Novartis deal with Cohen sought access to policymakers

WASHINGTON (AP) — President Donald Trump's former personal lawyer, Michael Cohen, was in frequent contact with top officials of pharmaceutical giant Novartis as part of a $1.2 million consulting deal, and the Swiss-based company expected him to provide access to Trump administration policymakers, according to a report Friday by a group of Senate Democrats.

Tennessee insurers to cut Affordable Care Act premiums

CHATTANOOGA (AP) — Tennessee's biggest health insurers are cutting the premiums for individual plans under the Affordable Care Act's health care exchange market for the first time.

NATIONAL/INTERNATIONAL BUSINESS

Despite some wobbles, stocks end the week with more gains

NEW YORK (AP) — Stocks wrapped up another solid week Friday as industrial and energy companies ticked higher, but corporate earnings got off to a sluggish start as reports from several major U.S. banks failed to excite investors.

US expected to become world's top oil producer next year

The U.S. has nosed ahead of Saudi Arabia and is on pace to surpass Russia to become the world's biggest oil producer for the first time in more than four decades.

Federal Reserve projects further gradual hikes in key rate

WASHINGTON (AP) — The Federal Reserve says it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth.

Detaining immigrant kids is now a billion-dollar industry

SAN ANTONIO (AP) — Detaining immigrant children has morphed into a surging industry in the U.S. that now reaps $1 billion annually — a tenfold increase over the past decade, an Associated Press analysis finds.

Trump DOJ appealing judge's OK of AT&T-Time Warner merger

WASHINGTON (AP) — Stung by a federal judge's dismissal of its objections to AT&T's megamerger with Time Warner, the Trump Justice Department is challenging the decision with a legal appeal.

Papa John's to pull founder from marketing

NEW YORK (AP) — Papa John's, which has featured founder John Schnatter in logos and TV ads, is pulling his image from its marketing after reports he used a racial slur.

Blockbusters in Alaska set to close; 1 store left in US

ANCHORAGE, Alaska (AP) — Alaska's last two Blockbuster video stores are calling it quits, leaving just one store open in the U.S.

Fed Chair Powell says economy in 'good place' at moment

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the economy is in a "good place" at the moment with low unemployment and inflation rising toward the Fed's optimal range. But he says rising trade tensions and higher tariffs could end up being a drag on growth.

What happened to June surplus? US budget deficit $74.9B for month

WASHINGTON (AP) — The federal government recorded a $74.9 billion deficit in June, a month when the government often runs a surplus, as corporate taxes dropped sharply compared to a year ago.

Fast-food chains agree to end 'no-poaching' policies

SEATTLE (AP) — Seven national fast-food chains have agreed to end policies that blocked workers from changing branches — limiting wages and job opportunities — under the threat of legal action from the state.

There's room for small businesses to compete with Prime Day

NEW YORK (AP) — As Amazon gears up for its Prime Day promotion, other big-name retailers like Macy's and eBay are launching deals and sales of their own. But small businesses — including those that don't sell much online — shouldn't sit on the sidelines.

China says US companies should lobby Washington over trade

BEIJING (AP) — China tried to step up pressure on Washington in their growing tariff war Thursday by suggesting U.S. companies lobby American leaders, while a Korean union warned President Donald Trump's threat of higher auto import duties could lead to job losses in Alabama.

Trade war fears a clear concern of European bank officials

FRANKFURT, Germany (AP) — Top officials at the European Central Bank expressed confidence at their last policy meeting that the eurozone economy remains "broadly on track" but expressed concern that rising trade protectionism could dampen business confidence and blunt the recovery.

UK releases long-awaited and already derided Brexit plan

LONDON (AP) — The British government released detailed plans Thursday for what it called a "principled pragmatic and ambitious" Brexit — plans that already triggered the resignation of two top ministers and split the governing Conservative Party, and which face likely resistance from the European Union.

US inflation reaches 2.9 percent in June, highest in 6 years

WASHINGTON (AP) — Consumer prices rose in June from a year earlier at the fastest pace in more than six years, lifted by more expensive gas, car insurance, and higher rent.

Image issue: Papa John's still tied to founder under fire

NEW YORK (AP) — Papa John's founder John Schnatter is no longer board chairman after using a racial slur, but his image is still part of the pizza chain's logo and he remains the company's largest shareholder.

NATIONAL POLITICS

US: Nearly half of youngest children not rejoining families

WASHINGTON (AP) — The Trump administration said Thursday all eligible small children who were separated from their families as a result of its zero-tolerance immigration policy have been reunited with their parents.

London mayor says Trump should explain attacks on him

LONDON (AP) — London Mayor Sadiq Khan has told Sky News that it is up to President Donald Trump to explain why he keeps singling out the mayor for criticism.

AP FACT CHECK: Trump falsely claims credit on NATO spending

WASHINGTON (AP) — President Donald Trump took credit for a supposed new decision by NATO members to increase military spending, though there was no evidence of that.

Watchdog says Education Dept. stonewalls student loan suit

NEW YORK (AP) — The nation's consumer watchdog agency is accusing the Education Department of impeding a lawsuit that could potentially bring financial relief to millions of student loan borrowers.

Shouting, insults as FBI agent faces angry Republicans

WASHINGTON (AP) — An embattled FBI agent whose anti-Trump text messages exposed the Justice Department to claims of institutional bias vigorously defended himself at an extraordinary congressional hearing that devolved into shouting matches, finger-pointing and veiled references to personal transgressions.

Speaker Ryan makes election year pitch for GOP tax law

WASHINGTON (AP) — House Speaker Paul Ryan is crediting the GOP's tax plan with improving the U.S. economy, an argument that's central to the Republican pitch to voters ahead of the midterm election.

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