Business

7:20am

Fri May 16, 2014
Business

Tenn. Revenue Collections Continue to Improve

NASHVILLE, Tenn. (AP) — Tennessee revenue collections are continuing to show signs of improvement, with April figures exceeding expectations.

Finance Commissioner Larry Martin says that overall revenues were $75 million more than the state budgeted for April, which reflects economic activity in the previous month.

The state's general fund exceeded expectations by nearly $70 million.

Corporate franchise and excise taxes and sales taxes were about $5 million more than expected.

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7:18am

Fri May 16, 2014
Business

Has Tennessee Employment Turned a Corner?

NASHVILLE, Tenn. (AP) — Tennessee's unemployment rate for April was 6.3 percent, the state's lowest rate in six years.

According to the Department of Labor and Workforce Development, the state's unemployment rate has decreased a full two percentage points in the last 12 months.

Department spokesman Jeff Hentschel says there's good reason for cautious optimism.

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6:14am

Thu May 15, 2014
Business

Mid-State Consumer Confidence on the Rise

MURFREESBORO, Tenn. (WMOT)  --  For the second quarter in a row mid-state consumer confidence has risen sharply.

Dr. Tim Graeff conducts the survey for Middle Tennessee State University. He says there was a troubling drop in consumer confidence at the end of 2013, but midway through 2014 mid-state residents are clearly feeling better about both the local and national economies.

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3:08pm

Tue May 13, 2014
Business

State Department Scholarships Fund MTSU Students' Summers Studying Abroad

Four MTSU students have been honored with one of the most illustrious study-abroad scholarships in the nation.

The Benjamin A. Gilman International Scholarship, sponsored by the U.S. Department of State’s Bureau of Educational and Cultural Affairs, has been bestowed upon Elizabeth Enck, Michele Kelley and Nathan O’Connell.

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10:08am

Mon May 12, 2014
Business

Gas Prices Way Down, AAA Says They're Headed Still Lower

MURFREESBORO, Tenn. (WMOT)  --  Gas prices have been falling steadily for about two weeks here in Tennessee and analysts with AAA say they expect fuel prices to fall still further.

Triple A’s Mark Jenkins says Tennessee gasoline prices peaked back on April 26th when regular unleaded hit a high of $3.52. Today’s AAA Fuel Gauge report shows a statewide average of $3.46.

Jenkins says you can thank the fact that the U.S. is producing record amounts of oil and that the nation’s refineries are operating at capacity.

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