published Saturday, August 31st, 2013

Business Briefs: Chattanooga among best places to retire

City among best places to retire

Chattanooga is among the 100 best places to retire, according to the retirement relocation experts at Where to Retire magazine. In the fifth edition of the annual report on “America’s 100 Best Places to Retire,” Chattanooga, Nashville and the Kentucky Lake region made the list in Tennessee, and Athens, Brunswick, Savannah and Valdosta were on the list from Georgia. The selected cities are all distinct, but managing editor Annette Fuller said most have qualities sought by active baby boomers and retirees — vibrant downtowns, ongoing education classes, volunteer or part-time work opportunities, walkable neighborhoods, excellent health care and favorable tax and weather climates.

Krispy Kreme stock declines

Krispy Kreme Doughnuts Inc., the chain that revived itself by expanding beyond sweet treats into coffee and smoothies, suffered its worst stock slump Friday in more than two years after reporting second-quarter profits that trailed analysts’ estimates. Shares tumbled 15 percent to $19.72 in trading Friday after the Winston- Salem, N.C.-based chain more than doubled its stock price earlier this year.

Krispy Kreme said its net income fell 4.3 percent to $4.72 million, or 7 cents a share, in the three months ended Aug. 4 from a year earlier. The chain has tried to lure customers from coffee sellers with fancier drinks such as lattes and caramel mochas.

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