Business news

MURFREESBORO, Tenn. (WMOT)  --  A new report concludes Murfreesboro has one of the fastest growing economies in the nation.

The personal finance website looked at 10 metrics to rank the economies of the nation’s 500 largest cities. Murfreesboro ranked 21st in the country and even higher on a list that included only median sized cities.

NASHVILLE, Tenn. (AP) — The Volkswagen plant in Chattanooga has long been touted as the crown jewel of Tennessee's economic development efforts over the last decade. Now, state officials are trying to sooth fears about the potential impact on the factory as an emissions cheating scandal engulfs the German automaker.

Republican Gov. Bill Haslam said through a spokesman that his administration has "been assured by Volkswagen that they are not going anywhere and will continue to grow in Chattanooga."


NASHVILLE, Tenn. (AP) —Tennessee lawmakers plan hearings over whether the Volkswagen emissions scandal could imperil the nearly $900 million in state and local incentives offered to the German automaker's plant in Chattanooga.

Republican Sen. Bo Watson of Chattanooga has been a vocal critic of Volkswagen's labor policies. Tuesday, he cited the state's "significant investment" in the plant in calling for the Senate Finance Committee to investigate potential impact on the state of revelations that VW used secret software to defeat pollution controls.


BERLIN (AP) — One of Tennessee’s biggest employers has seen nearly $17 billion worth of its market value wiped off the books.

Volkswagen stock values fell sharply following revelations that the German car maker rigged U.S. emissions tests for about 500,000 diesel cars.

Volkswagen's market woes follow a weekend that saw the company's reputation seriously damaged by revelations from the Environmental Protection Agency in the U.S. that it had skirted clean air rules. All told, the EPA indicates VW faces fines that could run up to more than $18 billion.

DRESDEN, Tenn. (AP) — The owners of a Tennessee chicken farm have been charged with animal cruelty after an undercover video caught them abusing the birds.

According to an affidavit in the General Sessions Court of Weakley County, T&S Poultry owners Thomas and Suzanne Blassingame are accused of "stabbing them with a large spike attached to a pole and failing to promptly and properly euthanize the chickens."