Business Briefs: Student art displays mark mall's 30th year

Business Briefs: Student art displays mark mall's 30th year

March 17th, 2017 by Dave Flessner in Business Around the Region
The Hamilton Place Mall sign facing Interstate 75 announces the H&M store arrival later this year.

The Hamilton Place Mall sign facing Interstate 75...

Photo by Tim Barber /Times Free Press.

Student art displays mark mall's 30th year

Hamilton Place mall will host its seventh annual student art competition awards reception at 10:30 a.m. today at the main stage, on the lower level of the mall by Belk Women's & Children's Store.

To celebrate the 30th Anniversary of Hamilton Place, this year's theme is "Hamilton Place – Spinnin' Thru the 80s." Hamilton County Students in grades K – 12 were asked to design an album cover to combine their favorite 80s music — with a shopping tie-in.

Students were divided into three categories by grade, with first place winners receiving a $50 Barnes & Noble Gift Card; second place winners a $35 Barnes & Noble Gift Card and third place winners a $20 Barnes & Noble Gift Card. In addition, honorable mentions were awarded this year.

"We were so impressed with the artwork that we received for this year's competition," stated David Meadows, general manager for Hamilton Place. "There is unbelievable talent and imagination in these young artists."

The winning art pieces will be displayed at the mall through September.

Chattanooga Whiskey to unveil new logo brand

The Chattanooga Whiskey Co., will unveil a new logo and brand image for its downtown distillery next Friday night.

The Tennessee Stillhouse micro-distillery, which sits across the street from the Chattanooga Choo Choo on Market Street, will celebrate two years in business with a soiree at 8 p.m. on March 24, and will offer new merchandise to dovetail with its new look.

In its first year, it attracted nearly 20,000 visitors and became one of the Southside's most popular tourist destinations, featured in Southern Living's "50 Best Places in the South."

The micro-distillery currently produces one barrel per week at its Market Street location, but Chattanooga Whiskey will ramp that up to 14 barrels per day at a new, 46,000-square-foot facility under construction inside the former Newton Chevrolet building on Riverfront Parkway.

Mortgage rates rise to new high for year

Long-term U.S. mortgage rates rose this week for a second straight week, posting new highs for the year. The markets were anticipating an increase in a key interest rate by the Federal Reserve, which the Fed announced Wednesday.

Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate loans climbed to 4.30 percent from 4.21 percent last week. The benchmark rate stood at 3.73 percent a year ago and averaged 3.65 percent through 2016, the lowest level in records dating to 1971.

The rate on 15-year mortgages increased to 3.50 percent from 3.42 percent last week.

The Fed's move marked the second time in three months that the central bank has raised its benchmark interest rate. The Fed also forecast two additional hikes this year. The Fed action reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans.

McDonald's is hacked with bogus Trump tweet

McDonald's says it has determined that its Twitter account was "hacked by an external source" after it sent a message calling Donald Trump "a disgusting excuse of a President."

The tweet to Trump on Thursday from the official account for McDonald's Corp. has since been deleted but was captured in screenshots. The message said it would love to have President Obama back and "also you have tiny hands."

The tweet was also temporarily pinned to the top of the McDonald's account so that it would be the top message people see if they visited the company's Twitter profile.

McDonald's said in a statement that it took swift action to secure its account, and apologized that the tweet was sent through its corporate account. The company earlier had said it was notified by Twitter that its account was "compromised." McDonald's did not provide any other details.