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VOL. 37 | NO. 36 | Friday, September 6, 2013

Strangers in your House

Willing to rent part of your home like a hotel room? What if it paid your monthly mortgage?

The Great Recession didn’t put Jeff Thorneycroft out of business, but it significantly reduced the month-to-month revenue at Retroluxe, his 17-year-old design and branding firm.

Want to rent your space through Ainbnb? Some tips for success

Veteran journalist and Nashville Ledger correspondent Jeannie Naujeck receives top marks from guests on Airbnb.com. Visitors give her 5 of 5 stars overall and 5 stars in all categories (accuracy, cleanliness, check in, communication, location, value).

HomeAway offers an alternative to Airbnb

Airbnb is a hot choice for property owners and adventurous travelers, but the popular alternative rental service has competition.

Fans get another shot at Whiskey Festival

Scotch whiskey and country music will provide the right flavors to help turn the Nashville Whiskey Festival into a national event.

Local Weather
Nashville, TN
Partly Cloudy
Wind: Northwest at 4.6 mph
Humidity: 56%


Picnic In The Park. Church Street Park, 11 a.m.-1 p.m. Enjoy live entertainment and lunch from local food trucks.

more events »


Rookie Realtors fine, if they have good backup

With three years of increased real estate sales under its belt, the Nashville area is once again a breeding ground for real estate agents. During the recession, there was a drop from 4,000-plus members to less than 3,000 in the Greater Nashville Area Association of Realtors (GNAR).


Meaningless preseason game? Not for Stafford

Throughout the off-season, OTAs and training camp, one of the biggest questions for the Tennessee Titans was who would be the team’s fourth safety.


Baker Donelson hires attorneys for two groups

Baker Donelson has hired Klint Alexander for the firm’s Global Business Team, which concentrates on global trade and commercial transactions, dispute resolution and general business law, and David Sawrie for its Intellectual Property Group.


Can’t close deal on 1st try? You have to keep at it

Often, we’re just too close to our businesses to clearly see glaring opportunities for growth. That’s likely why so many sales teams churn through perfectly good prospects, which are not in infinite supply, entirely too fast.


Cutting through through the clutter

Some of my clients tell me they wonder if it’s even possible to get focused nowadays with the constant onslaught of life-distracting things and events. First of all, I think the realistic answer to this question falls in the category of Henry Ford’s famous statement, “Whether you think you can or you think you can’t, you’re right.”


First rule of good grandparenting: No rules

Susan and I had a crash course in grandparent training a couple of weeks ago, keeping 6-month-old Anna Clary for a weekend. This was an independent-study course, and we gave ourselves passing marks. However, I’m always in search of materials to study for the next phase of grandparenthood.


Looking, cooking: Meals after moving

We have been moving this week. And last week. And it seems like the week before that, but that is probably just my exhaustion taking over.


Country Music Museum capital campaign nearing goal

NASHVILLE (AP) — The Country Music Hall of Fame and Museum's capital campaign is more than three-quarters of the way to its goal.


Democrats hit Speaker Ramsey over Obama tweet

NASHVILLE (AP) - State Democrats are criticizing Republican Senate Speaker Ron Ramsey over a Twitter post that said President Barack Obama was trying to become an ally with al-Qaida in Syria.


School superintends criticize Education Department

NASHVILLE (AP) — More than 60 school superintendents have signed a petition calling on Gov. Bill Haslam and state lawmakers to reevaluate the leadership at the Tennessee Department of Education.

Ethics complaint against Gov. Haslam dismissed

NASHVILLE (AP) — The Tennessee Ethics Commission has voted to dismiss a complaint filed against Gov. Bill Haslam that said he failed to disclose how much he has paid his former chief campaign strategist for political advice in the years following the 2010 election.


Big SUVs rumble along as GM shows new models

STERLING HEIGHTS, Mich. (AP) — The big SUV keeps rolling along.

Government offers gas mileage labels for used cars

DETROIT (AP) — The U.S. government has come up with window labels that show the gas mileage and pollution of used cars.


US women regain lost jobs; men still short 2.1M

WASHINGTON (AP) — U.S. women have recovered all the jobs they lost to the Great Recession. The same can't be said for men, who remain 2.1 million jobs short.

Computer upgrades cut US jobless claims to 292K

WASHINGTON (AP) — The number of Americans seeking unemployment benefits plummeted last week 31,000 to a seasonally adjusted 292,000. But the drop was mostly because of technical issues in two states that delayed the processing of applications.

Fewer US homes entered foreclosure track in August

LOS ANGELES (AP) — Lenders initiated foreclosure action in August against the fewest U.S. homes for any month in nearly eight years, a trend that should help reduce the number of homes lost to foreclosure in the months ahead.

A seven-day rally in US stocks loses steam

NEW YORK (AP) — Traders are pausing Thursday after the stock market's longest rally since July.

Oil approaches $108 on falling supplies

BANGKOK (AP) — The price of crude rose Thursday after the latest data showed slightly declining oil inventories in the United States.

Dell shareholders approve $24.8B buyout offer

ROUND ROCK, Texas (AP) — Dell Inc. will end its quarter-century history as a publicly traded company and try to engineer a turnaround away from the prying eyes of Wall Street following shareholders' approval Thursday of a $24.8 billion buyout offer from the company's founder.

US 30-year mortgage rate steady at 4.57 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages held steady this week, hovering near two-year highs. But rates could change quickly next week when the Federal Reserve addresses its bond purchase program.

Kroger 2Q profit rises, helped by lower charge

CINCINNATI (AP) — Kroger is reporting its fiscal second-quarter net income climbed 14 percent, helped by lower charges as revenue increased.

Children will create Wal-Mart's 'hot toys' list for holidays

NEW YORK (AP) — Lots of retailers come out with "hot toy" lists every holiday season, but this year Wal-Mart decided to try something different: let kids rate their favorite toys.

Hilton Worldwide plans to raise $1.25B from IPO

NEW YORK (AP) — Hotel operator Hilton Worldwide Holdings Inc. plans to raise $1.25 billion from an initial public offering of its common stock.


TSU announces inaugural events for new president

NASHVILLE (AP) - Glenda Baskin Glover, who was named president of Tennessee State University in January, will officially take the oath of office next month at the historically black institution.


Pay offset renewed for active duty state workers

NASHVILLE (AP) - Gov. Bill Haslam has renewed an expired executive order to cover any loss of salary by state employees called to active duty by the National Guard or the Armed Forces Reserves.


Possible new trial after juror Facebook message

NASHVILLE (AP) — A man sentenced to life in prison in his roommate's murder could get a new trial because one of the jurors contacted a witness on Facebook.


Haves and have-nots as health care markets open

WASHINGTON (AP) — Having health insurance used to hinge on where you worked and what your medical history said. Soon that won't matter, with open-access markets for subsidized coverage coming Oct. 1 under President Barack Obama's overhaul.


UAW: Majority at VW plant have signed union cards

NASHVILLE (AP) - A majority of workers at Volkswagen's assembly plant in Tennessee have signed cards favoring the union's representation in creating a German-style works council at the plant, a top United Auto Workers official said.

Automakers bet on alternative-fuel cars

FRANKFURT, Germany (AP) — Judging by the slew of electric and hybrid vehicles being rolled out at the Frankfurt Auto Show, it might seem carmakers are tapping a large and eager market.


More than 350 economists back Yellen for Fed chair

WASHINGTON (AP) — More than 350 economists have a signed a letter to President Barack Obama calling on him to nominate Federal Reserve Vice Chair Janet Yellen to be the Fed's next chairman. The letter is designed to draw attention back to Yellen amid signs that Obama is leaning toward nominating his former economic adviser Larry Summers.

Christmas in summer? Gadget makers reveal lineups

CUPERTINO, Calif. (AP) — It's still officially summer, yet major electronic companies have already announced a slew of holiday gift ideas: iPhones of different colors, video game players and a new category of wristwatches designed to mimic the functionality of smartphones.

Stocks close mostly higher; Apple sinks after iPhone news

NEW YORK (AP) — Stocks are closing mostly higher as the possibility of an immediate U.S. military strike on Syria seemed to fade.

Oil posts slight gain as market watches Syria

NEW YORK (AP) — The price of oil rose Wednesday as the market waited for the next developments regarding Syria.

UN: One-third of food worldwide gets wasted

ROME (AP) — The U.N. food agency says one-third of all food produced in the world gets wasted, amounting to a loss of $750 billion a year.

US wholesale stockpiles rise 0.1 percent in July

WASHINGTON (AP) — U.S. wholesalers increased in their stockpiles only slightly in July after three monthly declines and theirs sales improved at the weakest pace in seven months.

Southeastern takes 12 pct stake in News Corp.

NEW YORK (AP) — Southeastern Asset Management Inc., the investment firm that along with activist investor Carl Icahn opposed the proposed buyout of Dell Inc., disclosed that it has taken a nearly 12 percent stake in News Corp.

Apple's new iPhones simultaneously aim high, low

CUPERTINO, Calif. (AP) — For the first time since introducing the device that has reshaped technology and culture, Apple will offer two distinct versions of its latest iPhones — a cheaper model made of colorful plastic and another one that aims to be "the gold standard of smartphones" with a faster processor, fancier camera and fingerprint scanner for better security.


Taylor Swift, Kacey Musgraves lead CMA nominees

NASHVILLE (AP) - Kacey Musgraves knew the Country Music Association Awards nominations were Tuesday morning, but as a newcomer saw no reason to set her alarm and get up. Then her roommate started shouting.


Tennessee Republican group seeks to put more women in office

NASHVILLE (AP) - The nation's largest caucus of Republican state leaders plans to spend $6 million to recruit 300 women to run for office in the next election cycle, women GOP leaders said Tuesday.


Letter says thousands to lose health care coverage

NASHVILLE (AP) - Thousands of Tennesseans have been notified that they will lose health insurance under a TennCare-sponsored program due to the new federal Affordable Care Act.


AG: Tennessee charter school law constitutional

NASHVILLE (AP) - Tennessee Attorney General Robert Cooper has rendered a legal opinion that the state's charter school funding law is constitutional.

TSU president to award seniors $3M in scholarships

NASHVILLE (AP) — Tennessee State University President Glenda Baskin Glover is awarding $3 million in scholarships to high school seniors in West Tennessee and northern Mississippi.


Nissan says 2014 Rogue is more efficient

FARMINGTON HILLS, Mich. (AP) - Nissan Motor Co. says its revamped Rogue SUV will be cheaper and more fuel-efficient than its rivals when it goes on sale in the U.S. in November.

Corker calls VW talks with UAW 'incomprehensible'

NASHVILLE (AP) - Volkswagen would become a "laughingstock" if it goes through with a deal to have the United Auto Workers represent workers at its Tennessee plant, U.S. Sen. Bob Corker said Tuesday.

Carmakers upbeat at Frankfurt as market steadies

FRANKFURT, Germany (AP) — The world's auto manufacturers are moving on from turbulent times — without help from Europe's lagging car markets.

US safety agency probes BMW 328i for brake problem

DETROIT (AP) — U.S. safety regulators are investigating brake problems in 90,000 late-model BMW cars.


Stocks rise as Syria conflict looks less likely

Stocks rose and oil prices fell Tuesday as the risk that the U.S. would attack Syria appeared to fade.

Oil falls 2 percent on Syria diplomatic efforts

NEW YORK (AP) — Oil dropped nearly 2 percent Tuesday as support grew behind a plan for Syria to cede possession of its chemical weapons and avoid a military strike by the U.S.

Google loses appeal in Street View snooping case

SAN JOSE, Calif. (AP) — Attorneys suing Google for enabling its camera-carrying vehicles to collect emails and Internet passwords while photographing neighborhoods for the search giant's popular "Street View" maps look forward to resuming their case now that a federal appeals court has ruled in their favor.

Apple introduces 2 new iPhone models

CUPERTINO, Calif. (AP) — For the first time since introducing the device that changed cellphones forever, Apple will offer two distinct versions of the latest iPhones — a cheaper one made of plastic and another that aims to be "the gold standard of smartphones" and reads your fingerprint.

Top 1 percent took record share of 2012 US income

WASHINGTON (AP) — The income gap between the richest 1 percent and the rest of America last year reached the widest point since the Roaring Twenties.

US employers posted fewer jobs but hired more

WASHINGTON (AP) — U.S. employers advertised fewer jobs in July but hired more workers, a mixed sign that suggests only modest improvement in the job market.

Dow average adds Goldman Sachs, Nike and Visa

The Dow Jones industrial average is swapping Bank of America for Goldman Sachs and also replacing Hewlett-Packard and Alcoa in a six-company shake up of the most widely known barometer of the U.S. stock market.

Twitter to buy mobile ad exchange MoPub

SAN FRANCISCO (AP) — Twitter says it is buying MoPub, a mobile-focused advertising company, as it works to expand its advertising reach ahead of an expected initial public offering that could come as soon as this year.

Apple says iOS 7 will be available Sept. 18

CUPERTINO, Calif. (AP) — Apple says its next mobile operating system, iOS 7, will be available as a free download on Sept 18.

Wal-Mart to launch smartphone trade-in program

BENTONVILLE, Ark. (AP) — Wal-Mart Stores Inc. is launching a smartphone trade-in program later this month that will help consumers trade up to the newest phones available.

McDonald's key revenue metric rises in August

OAK BROOK, Ill. (AP) — McDonald's Corp. said Tuesday that a key revenue figure rose 1.9 percent in August, driven by a strong performance in Europe. Its Monopoly promotion in the United States helped lift its performance there.

USDA cracks down on Internet pet sales

WASHINGTON (AP) — The Agriculture Department is cracking down on dog breeders who sell puppies over the Internet with new regulations that will force them to apply for federal licenses.


GOP struggles to win support for funding bill

WASHINGTON (AP) — House Republican leaders struggled Tuesday to win over conservatives for a plan that would keep the government running through mid-December and force the Senate to vote on derailing implementation of President Barack Obama's signature health care law.

Study: US could default as early as Oct. 18

WASHINGTON (AP) — The United States could default on its obligations as early as Oct. 18 if Washington fails to agree on legislation to raise the government's borrowing cap, a new study predicted Tuesday.


George Strait sets dates for last run on the road

NASHVILLE (AP) - George Strait will finish off his two-year farewell tour in the biggest house in his home state of Texas - the Dallas Cowboys' AT&T Stadium.


Governor to attend opening of Haslam music center

NASHVILLE (AP) — Gov. Bill Haslam's lone public event scheduled for this week is a ribbon cutting at the University of Tennessee's Natalie L. Haslam Music Center in Knoxville on Friday.


General Motors revs up volunteer work across US

DETROIT (AP) — General Motors Co. employees are gearing up for a week of volunteering across the United States.


Stocks rise on mergers, homebuilder outlook

The stock market got a boost on Monday from mergers, homes, and phones.

Oil falls from 2-year high; gasoline price steady

The price of oil fell retreated from a two-year high Monday as the prospects of a U.S. attack against Syria remained unclear.

US consumer borrowing rises $10.4 billion in July

WASHINGTON (AP) — Americans cut back on using their credit cards in July for the second straight month, while taking on more debt to buy cars and attend school. The decline in credit card use suggests consumers remain cautious, a trend that could hold back economic growth.

Icahn ends takeover battle for PC maker Dell

Billionaire investor Carl Icahn is giving up his bitter takeover fight for Dell Inc. a few days before shareholders are scheduled to consider the latest buyout offer from the struggling computer maker's founder Michael Dell.

Economists keep rosy view for 3 pct growth in 2014

Business forecasters maintained their rosy view of the U.S. economy in 2014, predicting 3 percent growth by the second quarter of next year, low inflation and improving employment.

Owners of Neiman Marcus sell chain for $6 billion

NEW YORK (AP) — Luxury merchant Neiman Marcus is getting a new owner.

Apple expected to expand selection of iPhones

SAN FRANCISCO (AP) — Apple is expected to unveil its latest take on the iPhone Tuesday during an annual ritual that will probably cast a spotlight on the gadget maker's drive to regain market share and its sluggish pace of innovation.

Microsoft launches Xbox Music on Web for free

Microsoft is making its Xbox Music streaming service available for free on the Web — even to those who don't use Windows 8.

EU: Google submits new proposals in antitrust case

BRUSSELS (AP) — Google has submitted new proposals to address concerns by Europe's antitrust watchdog that the U.S. internet giant is stifling competition, the European Commission said Monday.


Ticketmaster puts resale, unsold tickets in 1 spot

LOS ANGELES (AP) — Fans of popular artists or sports teams are painfully aware how difficult it is to find good seats to live events at affordable prices. With a new ticket resale system, Ticketmaster is trying to show you what seats are available in one place — both unsold ones and those up for resale — so you can price-shop more easily.


Haslam announces governor's fellowship program

NASHVILLE (AP) - Gov. Bill Haslam has created a fellowship program for college graduates.

Program encourages students to walk, bike

NASHVILLE (AP) - Fifteen municipalities in Tennessee are receiving funds to encourage elementary and middle school students to walk and bike.


Nashville gets $10M grant for bus improvements

NASHVILLE (AP) - The head of the Federal Transit Administration was in Nashville on Friday to announce a $10 million grant for a bus rapid transit project.

TSU to host Kurdish Arts Festival this weekend

NASHVILLE (AP) - Tennessee State University and the Kurdish Cultural Institute are sponsoring the second annual Kurdish Arts Festival this weekend.


Car prices hit record as buyers load up on options

DETROIT (AP) — Americans are paying record prices for new cars and trucks, and they have only themselves to blame.

VW letter to Tennessee workers confirms talks with UAW

NASHVILLE (AP) - Volkswagen managers have confirmed in a letter to employees that the automaker is in talks with the United Auto Workers about establishing a German-style "works council" at its Tennessee assembly plant.


US employers add 169K jobs; rate falls to 7.3 pct.

WASHINGTON (AP) — U.S. employers have yet to start hiring aggressively — a trend the Federal Reserve will weigh in deciding this month whether to slow its bond buying and, if so, by how much.

Stock market finishes flat after wild start

NEW YORK (AP) — The stock market is ending flat after a morning of wild swings.

Oil hits 2-year high on US jobs report, Syria

NEW YORK (AP) — The price of oil closed at a two-year high Friday on a combination of fear of escalating tension in the Middle East and hope for continued stimulus measures from the U.S. Federal Reserve.

NY judge orders Apple to modify e-book contracts

NEW YORK (AP) — A judge on Friday ordered Apple to modify contracts with publishers to prevent electronic book price fixing and said she will appoint an external compliance monitor to review the company's antitrust policies and training.

World leaders push big companies to pay more taxes

ST. PETERSBURG, Russia (AP) — It's time to make Google, Apple and other multinational companies pay more taxes. That's the message from President Barack Obama and the leaders of the world's leading economies at a summit ending Friday.

Google argues for right to continue scanning Gmail

SAN JOSE, Calif. (AP) — Attorneys suing Google say the firm violates privacy and takes personal property by electronically scanning the contents of people's Gmail accounts and then targeting ads to them.

Russian finance minister: Obama to scale back stimulus gradually

ST. PETERSBURG, Russia (AP) — Russia's finance minister says President Barack Obama assured G-20 leaders that the United States will be scaling back its stimulus policy gradually so as not to impair global economic recovery.

US service firms expand at fastest pace in 8 years

WASHINGTON (AP) — Companies in the U.S. service sector expanded at their fastest pace in nearly 8 years last month as sales and orders grew and employers ramped up hiring.

Retailers report modest sales gains for August

NEW YORK (AP) — Americans' cautious spending on clothing extended into August, capping a weak back-to-school selling season for retailers.

Applications for US jobless aid near a 5-year low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dropped 9,000 last week to a seasonally adjusted 323,000, near the lowest level since June 2008. The figure shows employers are laying off fewer and fewer workers, an encouraging sign one day before the government will issue its August jobs report.

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