Business

11:51am

Tue September 2, 2014
Business

Mid-State's Dollar General raises Family Dollar bid to $9.1B

Credit dollargeneral.com

GOODLETTSVILLE, Tenn. (AP) — Dollar General is boosting its bid for rival Family Dollar to approximately $9.1 billion and says it's now willing to more than double the number of stores it would shed to avoid trouble with regulators.

The newest bid from Dollar General is worth $80 per share, up from $78.50. Dollar General's previous bid, worth nearly $9 billion, was rejected by Family Dollar in favor of an offer of about $8.5 billion one Dollar Tree Inc.

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12:06pm

Thu August 28, 2014
Business

Nashville REALLY average, and that's a good thing

Credit wallethub.com

MURFREESBORO, Tenn. (WMOT)  --  A new study suggests that Nashville is the most average metro area in the country, and that may be good for business.

Researchers with the personal finance website Wallethub.com yesterday released a study that lists Nashville as demographically the city most like the United States as a whole.

Finance writer Richie Bernardo led the study. He says companies rolling out new products may now find the mid-state more attractive.

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9:54am

Thu August 28, 2014
Business

Beretta breaks ground on Middle Tennessee plant

Credit berettausa.com

 

 

GALLATIN, Tenn. (AP)/WMOT — State and local dignitaries joined officials from gun-maker Beretta USA to break ground on a new factory here in the mid-state this morning.

Berretta announced in January that it would build a new manufacturing and research facility Gallatin.

Last month the company made a further announcement that it would move all of its weapons production to Tennessee. That move came in response to the passage of strict gun-control law legislation in Maryland.

Gallatin Mayor Jo Ann Graves couldn’t be happier.

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7:20am

Wed August 27, 2014
Business

GM Brings Cadillac SUV, Engine Production to Spring Hill

Credit gm.com

NASHVILLE, Tenn. (AP/WMOT) General Motors announced this morning that it will move production of the next-generation Cadillac SRX crossover SUV from Mexico to its plant in Spring Hill.

It was unclear how many new jobs the move would create. The Spring Hill factory complex now employs about 1,600 hourly workers.

United Auto Workers Union Spring Hill Local President Tim Stannard recently told WMOT it’s good to see the plant thrive again. He noted that the number of workers at the plant had fallen from a high of more than 6,000 to about 500.

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9:42am

Tue August 26, 2014
Business

Holiday Gasoline Prices Lowest in 4 Years

Credit fuelgaugereport.aaa.com

MURFREESBORO, Tenn. (WMOT)  --  Analysts with AAA say gas prices this holiday weekend will likely be the lowest Tennesseans have seen in 4 years.

AAA’s Mark Jenkins says the price for a gallon of unleaded fuel in Tennessee currently averages $3.21 a gallon. That’s 21 cents lower than Labor Day last year.

Some stations in the mid-state were selling a gallon of gas for $3.04 on Tuesday.

Jenkins says we have oil shale and the mew extraction method called fracking to thank for the lower prices.

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