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Dave Flessner

Stories by Dave

For the tenth year in a row, CEOs rated Texas as the No. 1 state in which to do business, according to Chief Executive magazine's annual Best & Worst States for Business survey released today.

As TVA stokes its power plants with less coal, the federal utility is looking at generating more power from natural gas and building co-generation plants with local manufacturers.

The Tennessee Valley Authority restarted its newest reactor at the Browns Ferry Nuclear Plant today after correcting a power problem that temporarily idled two recirculation pumps on Tuesday.

TVA electric rates for power cooperatives have risen above the national average for all such coops and need to be brought more in line with other utilities, the head of the Duck River Electric Membership Corp. said today.

Q. I am 65 and my wife is 62 and receiving spouse's benefits. When will she qualify for Medicare benefits?

  • May 8th, 2014  |
  • By By Gregory Holmes
  • Comment  |

The newest reactor at TVA's oldest nuclear plant automatically shut down after the power supply was temporarily interrupted to two recirculation pumps that supply water to the reactor core, TVA officials said Wednesday.

The regulatory oversight of audit companies brought about by the Sarbanes-Oxley reform measures in 2002 took a while to take root but is now helping to improve the financial reliability of the reporting from U.S. companies, a top audit regulator said Wednesday.

The newest reactor at TVA's oldest nuclear plant automatically shut down Tuesday after two recirculation pumps that supply water to the reactor core unexpectedly quit working, according to a report released today.

Mother Nature gave the Tennessee Valley Authority a winter reprieve from the shutdown of TVA's biggest industrial customer, but the head of the federal utility says more still needs to be done to cut TVA costs in response to lagging power sales.

Chattanooga is straddling the best states in America in competing for business, according to Site Selection magazine.

The Tennessee Valley Authority will cut more than 10 percent of its staff positions this year as it shutters more coal plants and trims operations to bring the federal utility more in line with competitors' staffing levels.

Chattanooga is straddling the best states in America in competing for business, according to Site Selection magazine.

The former Northgate movie theater building in Hixson is being converted into a suite of 34 hair style salons.

Kimberly-Clark is spinning off a $1.7 billion-a-year health care company that will locate its headquarters in the Atlanta suburb of Alpharetta, Ga.

The colder-than-normal winter boosted residential electricity sales for the Tennessee Valley Authority in the first three months of 2014, but those gains were offset by the loss of TVA's biggest customer last year and a drop in industrial power sales.

Chattanooga's highest paid CEO took a pay cut last year, but compensation rose for most of the city's top brass.

Nearly nine months after launching his campaign to try to unseat U.S. Sen. Lamar Alexander, R-Tenn., state Rep. Joe Carr, R-Lascassas, on Friday belatedly filed the personal financial disclosure forms required of all Senate candidates after the Times Free Press asked Carr about the filing.

Chattanooga developer Ken Hays, the chief of staff under former Mayor Jon Kinsey and former president of River City Co., is returning to public service to head the city-backed Enterprise Center.

Mohawk Industries has grown to the world’s biggest floorcovering company through 30 acquisitions since 2002, but the Calhoun, Ga.-based company is still planning on record levels of capital spending this year to boost efficiency and output and potentially buy still more companies.

The Tennessee Valley Authority said Friday that its newest reactor under construction at the Watts Bar Nuclear Plant remains on schedule to begin generating power by the end of next year as the first new nuclear power plant of the 21st century.

The Tennessee Valley Authority said toay that Watts Bar Nuclear Plant’s Unit 2 reactor remains on schedule to begin generating power by the end of next year as the first new nuclear power plant of the 21st century.

Federal regulators cited the Tennessee Valley Authority on Thursday for an emergency plan that failed to adequately staff the control room at the Browns Ferry Nuclear Power Plant in Alabama.

Federal regulators cited the Tennessee Valley Authority again today for failing to fully comply with standards for emergency plans at the Browns Ferry Nuclear Plant in Alabama.

When Orchard Knob native Darrell Freeman started his computer services business in 1991, the Tennessee Valley Authority was one of his first major contracts.

First Security Group, Inc. narrowed its first quarter losses this year after the bank was recapitalized last April.

The Dixie Group, Inc. said today that income from continuing operations grew in the first quarter to $3.3 million, or 24 cents per share, on higher sales of $85.3 million.

Adam Smith says he was a frequent buyer of items from — until this year.

Storms Monday night and early today toppled 38 structures supporting TVA's high-transmission electric lines in Mississippi, Alabama and Tennessee.

In the past decade of peddling foreclosed and distressed properties in Chattanooga, Realtor Travis Shipley said he has never seen the inventory shrink as low as it is now.

Chattanooga offers the fastest Internet connections in America along fiber-optic links stringing out from a revitalized downtown.

The deadline has passed for individuals to sign up this year for the new health care exchanges under the Affordable Care Act, but local brokers are betting that many small employers will still open the way for their employees to join such exchanges this year by changing the way they pay for their workers health care.

Unemployment fell in metropolitan Chattanooga, Cleveland and Dalton, Ga., last month to the lowest levels since 2008 as the economy continued to bounce back from the worst downturn since World War II.

Unemployment in metropolitan Chattanooga fell to 6.4 percent last month, the lowest monthy level since October 2008.

Unemployment in metropolitan Dalton, Ga., fell last month to the lowest level in nearly six years as carpet mills continued to rebound from the prolonged housing slump.

Southern environmental leaders who want stricter controls over the disposal of coal ash are challenging utility complaints that such regulations will push up the price of electricity.

Astec Industries was one of the biggest losers on Wall Street Tuesday after the Chattanooga-based paving and construction equipment maker reported lower-than-expected earnings for the first quarter.

Home sales in Chattanooga were down 4.8 percent last month compared with the year-ago levels.

Synovus, the parent company of Cohutta Banking Co. in Chattanooga, said today its first quarter net income rose nearly 28 percent from the previous quarter to $45.9 million, or 5 cents per share.

A decline in international sales cut earnings for Astec Industries Inc., in the first quarter of 2013 below analysts expectations and year-ago levels.

Growing up in a two-bedroom home as one of eight siblings in rural North Carolina, Dallas Bunton learned early in life what it was like to be poor and have bill collectors knocking at the door.

After many homeowners paid record high power bills through the winter, electric customers will get a bit of a spring reprieve next month.

Investors should expect more volatility and lesser returns this year than they enjoyed last year, but investing in stocks should still pay off again this year, market strategist Bob Doll says.

Cleveland, Tenn., businessman Allan Jones will continue his efforts to buy the assets of the bankrupt Hardwick Clothes Inc., even though he says he is having to fight claims by a government agency that is helping to insure the company's former retirement plan.

Cleveland, Tenn., businessman Allan Jones said today he will continue his efforts to buy the assets of the bankrupt Hardwick Clothes Inc., even though a federal court ruled Thursday that he can recover only about a third of what he expects to spend arranging the purchase in the event the assets are sold to another party.

As head of one of America's last remaining domestic suit makers, Tommy Hopper was where he had hoped his family's business would never be on Thursday — in federal bankruptcy court trying to sell the struggling business to save the 135-year-old company.

A federal court today sought to limit the breakup fees to be paid for a proposed sale of the bankrupt Hardwick Clothes Inc., in Cleveland, Tenn., to less than a third of what had been proposed, delaying and potentially threatening a $2 million deal to save America's oldest men's suite maker.

Abdualaziz Alqahtani grew up in oil-rich Saudi Arabia. But after studying at the University of Tennessee at Chattanooga, the engineering student is eager to return to his native country to work on another form of energy.

A growing maker of mobile medical computer stations will locate its U.S. headquarters in Murfreesboro, Tenn., adding 410 jobs in Rutherford County.

The proposed sale of America's oldest privately owned clothing maker is too quick and may not yield the best deal for creditors of the bankrupt company, according to government attorneys.

NASHVILLE — Gov. Bill Haslam said Tuesday he doesn't want Volkswagen to recognize the United Auto Workers based upon union authorization cards gathered last year after plant employees narrowly voted in February against UAW representation.

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