Business news


CHATTANOOGA, Tenn. (AP) — A new study projects Volkswagen's expansion in Chattanooga could lead to the creation of nearly 10,000 jobs.

The report conducted by the University of Tennessee's Center for Business and Economic Research released Wednesday estimates the factory could add $370 million in new annual income once the expanded production is underway.

The report was commissioned by Volkswagen, which is spending $704 million to grow the plant to make a new sports utility vehicle and to open its new North American Engineering and Planning Center.

Three young women with unconventional career paths now have a little more money with which to pursue their educational goals.

The June S. Anderson Foundation granted full-tuition scholarships to MTSU students Lori Grimes, Latesha Fitzgerald and Amanda Adams, all rising seniors, at a May 13 luncheon at B. McNeel’s Restaurant, 215 N. Church St. in Murfreesboro.

Grimes, a Shelbyville, Tennessee, resident, who is majoring in organizational communication, was living in California when pregnancy interrupted her attendance at the University of California at Los Angeles.

NASHVILLE, Tenn. (AP/WMOT) — Tennessee has a dropped a spot in Chief Executive magazine's annual rating of the best and worst states for business, citing political interference with unionization efforts at the Volkswagen plant in Chattanooga.

Under the heading “Development Trend Indicator: Downward” the magazine notes "State politicians shouldn't have messed in Volkswagen's unionization business."

The state's ranking dropped from third to fourth.

MURFREESBORO, Tenn. (WMOT)  --  The tens of thousands of Tennesseans graduating from the state’s colleges and universities in the last few days should be pleased to hear that the mid-state is a pretty good place to begin a career.

WMOT reporting partners at the personal finance website on Monday released a list of the best and worst metro areas in the nation to find that first job. In a list of 150 cities, Nashville clocked in at a respectable 21.

AAA: Rising gas prices won't impact holiday travel

May 8, 2015

MURFREESBORO, Tenn. (WMOT)  --  Tennessee gas prices have been inching up since the first of the year, but AAA says the increases likely will not impact plans for summer travel.

The average price for a gallon of unleaded regular fuel stands at $2.41 here in Tennessee, that’s 24 cents below the national average and more than a dollar below gas prices this time last year.