published Thursday, May 29th, 2014

Business Briefs: Elevation opens with art today

Elevation opens with art today

Chattanooga artists Ever Flanigan and Kimber McBride will open the doors today of Elevation, a new retail store on River Street next to Coolidge Park. The store, which will also include three artist workshops and a classroom, will feature a curated collection of goods made by Chattanooga artists, including photographic prints, jewelry, pottery, home furnishings and fine art.

Elevation will charge artists a nominal monthly fee in exchange for having their works displayed, as well as a highly competitive commission on all pieces sold through the store.

GE woos France for Alstom buy

The chief executive of General Electric is promising to create jobs in France and trying to charm the French president into backing a $17 billion GE buyout of manufacturer Alstom's energy operations.

Jeffrey Immelt met with President Francois Hollande in Paris on Wednesday. Two people close to the discussions said he confirmed that the deal would involve the creation of 1,000 jobs. The French government has been resistant to foreign takeovers as it tries to revive domestic industry. It has sought other offers for Alstom, including from GE rival Siemens.

The board of Alstom, which produces power supply equiopment at two major plants in Chattanooga, is to make a decision by June 23.

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