State business roundup

Monday, June 23, 2008 at 1:59am

Hendersonville

The Bass Anglers Sportsman Society (BASS) relocated an upcoming Bassmaster fishing tournament from Fort Madison, Iowa to Old Hickory Lake just outside of Nashville due to recent flooding on the Mississippi River.

The tournament, renamed the Tennessee Triumph, represents just the eighth time in four decades that Old Hickory Lake has hosted a BASS event.

Crossville

Kentucky-based Somerset Hardwood Flooring acquired the former MasterBrand Cabinets plant, renaming it Crossville Hardwoods and announcing plans to grow the local workforce.

Memphis

GI Pathology entered into an agreement with CIGNA HealthCare to become a national pathology provider within CIGNA’s laboratory network.

Founded in 1995, GI Pathology is the only physician-owned laboratory in the United States dedicated to the practice of gastrointestinal and liver pathology.

Chattanooga

The U.S. Food and Drug Administration sent a warning letter to Chattem Inc. highlighting the company’s failure to provide information about consumer complaints related to its Icy Hot heat therapy patches and also changed wording on its labels.

Kingsport

Carson-Newman College, a Jefferson City-based, Baptist-affiliated school, joined a growing consortium of area colleges and universities planning operations at the Kingsport Center for Higher Education. Other participants include the University of Tennessee-Knoxville, Northeast State Technical Community College, King College in Bristol and Lincoln Memorial University in Harrogate.

The project is conceived as an academic village in downtown Kingsport that will encourage degree attainment and workforce development for the region.

Oak Ridge

An IBM supercomputer dubbed “Roadrunner,” which was built for the National Nuclear Security Administration’s Los Alamos National Lab, was rated the world’s most powerful system in a report co-produced by Jack Dongarra of the University of Tennessee-Knoxville.

Oak Ridge National Lab’s upgraded Cray XT4, dubbed “Jaguar,” was in the top five.

Knoxville

Heartland Ethanol halted its efforts to construct seven corn-based dry mill ethanol plants across Illinois. Current economic conditions and the rising cost of corn were cited for the decision.

Noting weak demand for recreational boats, Sea Ray announced plans to furlough manufacturing employees through July. In all, the company employs roughly 1,800 people at three facilities in east Tennessee.

According to the Knoxville News Sentinel, court filings pertaining to IdleAire Technologies, which recently filed for Chapter 11 bankruptcy protection, revealed that Don Henley, front man for the musical group the Eagles, was among its investor group.

BusinessTN staff, , www.businesstn.com

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