Morning Pointe adds Spring Hill center
Morning Pointe of Spring Hill, developed by the Ooltewah-based Morning Pointe Senior Living company, will open next month.
The new assisted living and Alzheimer’s memory care community will be home to 80 home-style apartments, including 58 in The Lantern – a secure wing dedicated to the care of residents with Alzheimer’s and other memory care needs.
“The continued growth of Nashville into Maury and Williamson Counties south of on I-65 offers an opportunity for Morning Pointe to serve additional aging seniors and new residents who call Middle Tennessee home,” said Greg A. Vital, president and CEO of Morning Pointe Senior Living. “With an increasing number of people living longer, Morning Pointe is working to meet the need, giving residents and their families options and choices in quality care and customer service.”
Hamilton Place adds Old Chicago Pizza
Old Chicago Pizza & Taproom, known for its hand- crafted pizza and local and regional craft beer offerings, has opened its newest location near Hamilton Place mall.
The restaurant at 2006 Hamilton Place Blvd., is the second in Chattanooga, the fifth in Tennessee, and the 109th nationwide. Patrons can order three hand-crafted pizza dough options, including Chicago Thick, a Tavern Thin, and an Ale-Infused dough. The restaurant has 40 draft beers and more than 90 craft beers available on the menu.
Old Chicago Hamilton Place has partnered with the Forgotten Child Fund and is donating a portion of sales until Dec. 17.
Chattanooga gas prices drop 1.2 cents a gallon
The average retail price of a gallon of gasoline fell by 1.2 cents per gallon in the past week to $2.19, according to GasBuddy’s daily survey of 170 gas outlets in Chattanooga.
Chatanooga gas prices average 35 cents per gallon less than the national average of $2.54 per gallon, according to gasoline price website GasBuddy.com.
But local gas prices in Chattanooga at the start of this week were still up by 32.9 cents per gallon from the same time a year ago and are 5.7 cents per gallon higher than a month ago.
Yellen to step down from Federal Reserve
Janet Yellen on Monday submitted her resignation from the Federal Reserve board to President Donald Trump, announcing she will leave the board when her successor is sworn in as Fed chairman.
In a letter to the president, Yellen said she would “do my utmost” to make sure that there is a smooth transition to Jerome Powell, who was tapped by Trump on Nov. 2 to become the next Fed leader after the president decided not to offer Yellen a second term.
U.S. hits Iran firms for counterfeit cash
The Trump administration is imposing sanctions on six Iranian men and companies for counterfeiting Yemeni currency as a part of a scheme by the Islamic Revolutionary Guard Corps to destabilize the country.
The Treasury Department said those sanctioned include two German-based printing and design firms. The U.S. said they were are part of a network that produced potentially hundreds of millions of dollars in fake Yemeni cash.
Marvell buys Cavium in $6 billion deal
SANTA CLARA, Calif. – Marvell Technology has bid about $6 billion for Cavium in a cash-and-stock deal that would create a chip maker to compete with Intel and other giants in the industry.
The potential deal extends a long-running consolidation for computer chip producers which are trying to grow so that they can better supply tech leaders such as Apple, Google and Samsung.