Business Digest: Firms form joint venture

Staff Photo by John Rawlston Kent Underwood, president of Quiddity Entertainment, is pictured in the company's offices at the Mill, located near Main Street in downtown Chattanooga. Mr. Underwood is holding an autographed guitar given to him as a gift after a previous festival.

Firms form joint venture

Chattanooga-based Quiddity Entertainment has merged with Destination King of Memphis to create LEO, an events management group based in Memphis.

The company also will have offices in Chattanooga and Myrtle Beach, S.C.

LEO will operate three business divisions: LEO Events and Meeting Management, led by LEO principal Kevin Brewer; LEO Destinations led by LEO principal Cindy Brewer; and LEO Live Experiences, led by LEO principal Kent Underwood, according to the company.

Kawasaki recalls 4,200 bikes

Kawasaki is recalling nearly 4,200 Ninja ZX-10R motorcycles in the U.S. because oil can leak onto the rear tire and cause a crash.

The National Highway Traffic Safety Administration says in documents on its website that the recall affects bikes from the 2011 and 2012 model years. They were made from Sept. 1, 2010 to Feb. 15, 2012.

The documents say oil can leak from the crankcase and pool. Continued use could cause the oil to spill onto the rear tire. Kawasaki says the problem hasn't caused any crashes or injuries.