New businesses

Investors in defunct Hanover Corp. will get their day in court

Creditors of the defunct investment firm Hanover Corp. will meet in Nashville this week to have their day in court. More

Brentwood’s ‘corner’ market

A prominent Brentwood corner has been the target of attempts for a substantial mixed-use development of retail, residential, office and a hotel that would be a tax boon to the city if it could be built. More

Legal downloads shrinking, but George sets all-genre record Strait

At the Leadership Music Digital Summit, held Tuesday at Belmont University, NPD Group VP/Sr. Industry Analyst Russ Crupnick presented a compelling entertainment industry look titled, Ten Years After: America & Digital Music. More

Executive Appointments

Lynch joins Jarrard Phillips Cate & Hancock Chambers, McAlister join Pinnacle Financial Health care executive search firm expands to Dallas Cooper names Leuschen legislative director Regions Bank names Preston branch manager More

Nordstrom coming to Green Hills

The Seattle-based fashion retailer Nordstrom announced this morning it has signed a letter of intent to open a 149,000 square foot location in the Mall at Green Hills. More

Pulte loss widens to $696.1M in housing slump

Pulte Homes Inc., the fourth-largest U.S. homebuilder, reported a $696.1 million first-quarter net loss, about three times wider than analysts expected, as stricter mortgage-lending standards cut demand. More

SEC may require banks to hold more cash during market turmoil

The U.S. Securities and Exchange Commission, responding to the collapse of Bear Stearns Cos., may require Wall Street banks to keep more cash on hand during periods of market stress. More

Dave Says

Dear Dave, We have about $8,000 in car loan debt. Despite this, I’d like to go ahead and fully-fund our Roth IRAs. My wife, however, thinks we should pay off the debt first. The fact is we can have either one done by December. What do you think? Steve More

SEC examining whether credit-raters changed policies

The U.S. Securities and Exchange Commission is probing whether credit-rating companies changed the way they graded debt as the market for products tied to subprime mortgages boomed earlier this decade, its chairman said. More
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