Business news


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."

MURFREESBORO, Tenn. (WMOT)  Gas prices have fallen dramatically in recent weeks and AAA says they may fall still further between now and the end of the year. reports stations here in Murfreesboro are selling a gallon of regular gasoline today for $1.89.  AAA says the current average price statewide is $2.09, down 23 cents in the past month.

AAA’s Stephanie Milani says falling oil prices and strong production are pushing prices lower. She says demand will likely fall now as the summer travel season ends putting even more downward pressure on prices.

MURFREESBORO, Tenn. (WMOT)  --  A new study says Murfreesboro has one of the healthiest housing markets in the country.

The personal finance website ranked the 300 largest cities in the nation on the health of their real estate markets. Murfreesboro placed 41 overall, and pushed into the top 20 in the small cities category.

Wallethub analysts looked at 14 metrics to compare the markets, including median home price depreciation, home price as a percentage of income, and the health of the local economy.

NASHVILLE, Tenn. (AP) — While Republican Gov. Bill Haslam often states his goal of bringing "high-quality jobs" to Tennessee, a document produced by his administration suggests he may be less interested in making them high-paying positions.

The Commercial Appeal newspaper reports that the Haslam administration is touting the state internationally as a place with a "low-cost labor force" and "very low unionization rates."