Business Briefs: Chattanooga named tops for under 30 CEOs

Business Briefs: Chattanooga named tops for under 30 CEOs

March 21st, 2013 by Staff Reports and Wire Service in Business Around the Region

Chattanooga named tops for under 30 CEOs

UTC, Chattanooga State and EPB were cited as reasons for listing Chattanooga as the top site for young entrepreneurs living in smaller cities, according to the Under30CEO website.

"The fiber optic-network has been emulated by at least six other cities in Tennessee and studied by other cities in the U.S. and even internationally. This type of technology has made Chattanooga a player in attracting tech talent to the city," the website said.

Columbia, Mo.; Charleston, S.C., Madison, Wis.; and Columbia, S.C., rounded out the top five in the smaller cities list.

Austin, Texas, topped the list for large cities, while Nashville was No. 5.

VW announces recall in China

BEIJING - Volkswagen AG announced a recall Wednesday of more than 384,000 vehicles in China to fix gearboxes following a report last week by state TV that criticized the quality of the German automaker's cars.

Volkswagen said that problems with direct-shift gearboxes might cause a power interruption, but it said drivers could remain in control and maneuver to a stop. The company said it would repair gearboxes and install the latest software upgrades at no cost to owners.