Label E salon opens at Cambridge Square
Ooltewah natives Erica Alvey and Emalee Killian have opened their salon, Label E, at Cambridge Square in Ooltewah.
Alvey and Killian have many years of experience in the industry and decided it was time to strike out on their own after recognizing the increasing demand in Ooltewah for a higher-end salon experience.
"We are passionate about what we do, and when an opportunity at Cambridge Square became available, we knew it was time to go for it," Killian said in an announcement of their new store. "This location is in the heart of our hometown, and we are so excited to welcome both new and loyal clients."
Label E offers a number of custom beauty services, including luxury extensions, coloring and facial waxing. Clients include women and men, with on-staff stylists who specialize in both.
The new salon is on the second floor of the development's newest building, which is also home to the 1885 restaurant.
Consumer confidence declines this month
U.S. consumer confidence declined modestly this month but remains high, even as prices for just about everything continue to rise.
The Conference Board, a business research group, said Tuesday that its consumer confidence index - which takes into account consumers' assessment of current conditions and their outlook for the future - ticked down to 110.5 in February from 111.1 in January.
Earlier this month, the Labor Department reported that for the 12 months ending in January, inflation hit 7.5% - the fastest year-over-year pace since 1982.
Home Depot sales strong in quarter
Home Depot saw its sales remain strong in its fourth quarter as it continues to benefit from a sizzling housing market.
Sales for the three months ended Jan. 30 rose to $35.72 billion from $32.26 billion. That beat the $34.88 billion analysts polled by FactSet forecast.
Sales at stores open at least a year, a key gauge of a retailer's health, climbed 8.1%. In the U.S., the metric increased 7.6%.
Home improvement stores have been busy during the pandemic as people working from home took on new projects. Many also moved into new homes with more space for home offices.
Existing home sales rose 6.7% last month from December to a seasonally adjusted annual rate of 6.5 million, the National Association of Realtors said Friday. That's more than the roughly 6.08 million sales economists had been expecting, according to FactSet.
Musk escalates regulatory fight
Elon Musk and his lawyers are escalating their fight with U.S. securities regulators.
A Musk lawyer has accused regulators of leaking investigative information, and Musk is alleging on Twitter that government corruption is being exposed.
Musk's tweet early Tuesday and a Monday letter from lawyer Alex Spiro to a federal judge didn't offer any specifics about the alleged leak by the Securities and Exchange Commission. Spiro accused the commission of retaliating against Tesla and Musk for exercising First Amendment rights.
The SEC declined comment Tuesday.
Hedge fund battles to buy Lee Enterprises
The hedge fund trying to buy newspaper publisher Lee Enterprises has returned to court. It is seeking to settle a dispute over the way the votes for two longtime board members should be counted next month at the company's annual meeting.
Alden Global Capital already lost one lawsuit in the takeover battle. Now it wants the court to decide how many votes Lee's chair and its lead independent director need to be re-elected to the board.
Lee rejected Alden's $141 million offer to buy the publisher of the St. Louis Post-Dispatch, Buffalo News and dozens of other newspapers in December.
Alden is already one of the nation's largest newspaper owners.
- Compiled by Dave Flessner