Business

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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12:28pm

Fri August 22, 2014
Business

Watch MTSU's Aug. 23 Opening Night Ceremonies Live via Streaming Video

MTSU is giving supporters a chance to watch the President’s Opening Ceremonies online this Saturday afternoon, Aug. 23, if they can’t attend in person.

Special live streaming video of the event, which is set to begin at 5:30 p.m. Saturday inside MTSU’s Floyd Stadium, will be available by visiting http://ow.ly/ABXYT shortly before the ceremonies begin. 

This special page links to the video stream, which will begin about 15 minutes before the event starts. It also provides technical support for users watching the event.

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9:19am

Thu August 7, 2014
Business

TVA to Cut More Than 2,000 Jobs

TCHATTANOOGA, Tenn. (AP) — The nation's largest public utility is eliminating more than 2,000 jobs as part of a $500 million cost-cutting campaign.

The Chattanooga Times Free Press reports the Tennessee Valley Authority is making the cuts this year to pare expenses and make electric rates in the Tennessee Valley more competitive with neighboring utilities.

Most of the staff reductions are being made by not filling vacant jobs and through retirements and resignations by the end of next month.

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