Business news

SMYRNA, Tenn. (AP) — Nissan is launching production of an updated version of the midsized Altima sedan at assembly plants in Smyrna, Tennessee, and Canton, Mississippi.

The Japanese automaker's U.S. plants have combined to make more than 5.5 million Altimas since 1992.

The Smyrna plant — which is North America's highest-producing auto factory — began making the updated Altima on Monday. Canton is scheduled to follow suit next week.

MEMPHIS, Tenn. (AP)  --  With online shopping growing, Tennessee based FedEx is bracing for a record volumes this holiday season.

The delivery company predicted Monday that shipments from Black Friday through Christmas Eve will rise 12.4 percent over last year to 317 million pieces.

Officials at FedEx headquarters in Memphis say the busiest shipping days will be the Monday after Thanksgiving and the first two Mondays in December.

The company says that to handle the crush, it's hiring more than 55,000 seasonal workers and investing in automation and expansion.

NEW YORK (AP) — Middle Tennessee based tire and auto service company Bridgestone Americas is buying auto parts and repair company Pep Boys in a deal that will help it gain a more dominant position.

The offer involves $15 per share in cash and marks a 21 percent premium to Pep Boys closing price on Friday. The companies valued the deal at $835 million.

It is expected to close in the beginning of 2016 and will add 800 locations to Bridgestone's nationwide network of 2,200 tire and automotive service centers.

MURFREESBORO, Tenn. (WMOT)  --  New surveys suggest Tennessee consumers and business owners have very different views of the economy.

The Middle Tennessee State Office of Consumer Research recently completed surveys gauging both consumer and business owner sentiment concerning the current economy and the economic outlook.

NASHVILLE, Tenn. (AP) — While Gov. Bill Haslam says he has not decided whether to outsource management of more state-owned buildings, a document used earlier this month in presentations to New York bond-rating agencies says he's eyeing that possibility.

The Chattanooga Times Free Press reports the Republican governor and top state officials relied on a 63-page PowerPoint document in their Oct. 9-10 pitch to Wall Street experts reviewing the state's financial picture in advance of Tennessee issuing new bonds.