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Planners defer decision on Ooltewah development

A development group is crafting plans for 166 single-family homes and 32 townhomes on a 92-acre vacant tract at 10444 Ooltewah-Georgetown Road.

Jooma Development LLC is seeking a zoning change on the tract from A-1 Agricultural to R-1 Single Family. But Mike Price, owner of MAP Engineers, on Monday sought and received a deferral of the case for a month from the Chattanooga-Hamilton County Regional Planning Commission.

Planning Commission staff had recommended denying the proposed zoning change. Staff said that approving the request would introduce the first R-1 single-family district along Ooltewah-Georgetown Road north of Mahan Gap Road.

 

Apple makes patch to fix spyware problem

Apple released an emergency security software patch to fix a vulnerability that an internet watchdog group says allowed spyware from the world's most infamous hacker-for-hire firm, NSO Group, to infect the iPhone of a Saudi activist without any user interaction.

The researchers from the University of Toronto's Citizen Lab said it was the first time a so-called "zero-click" exploit had been caught and analyzed. They said they found the malicious code on Sept. 7 and had high confidence NSO Group was behind the attack.

NSO Group did not immediately respond to an email seeking comment.

 

Stock market rebounds after a down week

Stocks managed to end a wobbly day mostly higher on Wall Street Monday as the market regroups after its biggest weekly drop since June.

The S&P 500 shook off an afternoon slump and edged up 0.2%, the Dow Jones Industrial Average added 0.8% and the Nasdaq slipped 0.1%. Financial and energy stocks climbed, helping to make up for losses in health care. Energy companies benefited from higher prices for oil and natural gas.

Benchmark crude oil rose 1% to close above $70 a barrel for the first time time since early August. The yield on the 10-year Treasury fell to 1.32%.

 

Southwest head retires suddenly

Southwest Airlines President Tom Nealon, who was once seen as a leading candidate for CEO but was passed over this year, has retired.

Southwest said Monday that Nealon, 60, will still serve as an adviser focusing on environmental issues, including plans to reduce carbon emissions. In a statement issued by the airline, Nealon said he was honored to have served Southwest in several jobs, especially president, and looks forward to taking on a strategic role.

The airline said that Chief Operating Officer Mike Van de Ven, 59, has become president.

Nealon was once the airline's chief information officer, but left and then rejoined Southwest in 2016 in a strategy role. In January 2017, he was promoted to president, a position previously held by CEO Gary Kelly. That — along with Kelly's statement that he, Nealon and Van de Ven would form a three-headed office of the CEO — triggered speculation that Nealon would eventually ascend to the top job.

— Compiled by Dave Flessner

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