Plastic Surgery Group to move to riverfront
The Plastic Surgery Group, Chattanooga's largest plastic and reconstructive surgery practice, is relocating its headquarters to the Riverfront Commercial Center planned for the corner of M.L. King Boulevard and Riverfront Parkway.
The move into the planned three-story, 33,000-square-foot development is slated for spring 2018.
Dr. Jason Rehm, the group's managing partner, said that as the practice continues to grow, it has looked for space to provide better accessibility for patients as well as a modern, more aesthetically pleasing space for staff and patients.
"There is a significant need in the market for new professional and medical office space," said Bob Elliott, president of developer Noon Development.
Wells Fargo sued over car lending
Wells Fargo is now facing at least three lawsuits from customers who say they were hurt by the bank's latest scandal.
The bank admitted last week that roughly 570,000 customers were signed up for car insurance that they did not need. Many couldn't afford both the car payment and the extra insurance, which made them fall behind in payments. At least in 20,000 cases, cars were repossessed. Politicians are also angry with Wells, with Democrats calling for a Congressional investigation.
Dow tops 22,000 as rally continues
The Dow average rose 52.32 points, or 0.2 percent, to 22,016.24 on Wednesday, driven by a big gain in Apple.
But shares of movie theater companies, studios, and streaming video services sank after AMC Entertainment gave a weak forecast and said it will cut costs. Weak forecasts from Cardinal Health pulled health care companies down.
Mexico preparing to renegotiate NAFTA
Mexico said Wednesday it is willing to talk about tough issues in the renegotiation of the North American Free Trade Agreement, which is set to start Aug. 16.
Canada has strongly opposed a U.S. proposal to eliminate bi-national dispute resolution panels in which experts now review decisions to impose tariffs or quotas. But Mexican Economy Secretary Ildefonso Guajardo said he isn't taking an immediate position on the panels, though he adds that Mexico wants to "modernize" the process.
"I don't think that when you start negotiations, it does any good to shadow box," Guajardo said, in refusing to fix an initial position.
Guajardo said Mexico would be willing to put stronger labor and environmental guarantees in the text of NAFTA.