MICROSOFT TO LAY OFF OVER 9,000 WORKERS; MULTIPLE PROJECTS CANCELLED
Microsoft announced layoffs affecting approximately 9,000 workers, about 4% of its 228,000-strong workforce as of June 2024. This is the company’s largest layoff in over
KROGER TO CLOSE AROUND 60 STORES OVER THE NEXT 18 MONTHS
Kroger plans to close about 60 stores across the U.S. over the next 18 months to streamline operations and improve efficiency, as announced in its
GENERAL MOTORS TO INVEST $4 BILLION AT TENN. PLANTS
General Motors (GM) has announced a $4 billion investment over the next two years to enhance production capabilities at its manufacturing plants in Tennessee and
NINTENDO SWITCH 2 BREAKS FASTEST SELLING CONSOLE RECORD
The Nintendo Switch 2 has officially become the fastest-selling home video game console ever, according to multiple news outlets, with 3.5 million units sold in
UPS TO CUT 20,000 JOBS AND OVER 70 FACILITIES
UPS plans to cut around 20,000 jobs and close over 70 facilities by June as part of a major reduction in handling Amazon shipments, which
CONSTRUCTION BEGINS ON NEW TARGET AND HOME DEPOT IN COOKEVILLE
Construction has started on The Willows, a new retail center at 1100 South Willow Avenue in Cookeville, with a groundbreaking ceremony attended by city and
JACK IN THE BOX PLANS TO CLOSE OVER 150 LOCATIONS; MAY ALSO SELL DEL TACO
Jack in the Box plans to close 150-200 underperforming stores (10% of its 2,200 locations) by 2025 to improve cash flow and reduce $300 million
B.W.X. TECHNOLOGIES TO ESTABLISH CENTRIFUGE ASSEMBLY FACILITY IN OAK RIDGE
Governor Bill Lee and Commissioner Stuart C. McWhorter announced a grant for BWXT Enrichment Operations, LLC to establish a centrifuge assembly manufacturing facility in Oak
ALL LOWE’S LOCATIONS TO CLOSE FOR EASTER SUNDAY
Lowe’s announced they will close all 1,751 stores nationwide on Easter Sunday, April 20, 2025, to give employees a paid day off. Lowe’s typically closes
DON MOUL SELECTED FOR TVA PRESIDENT AND CEO
KNOXVILLE, Tenn. — The Tennessee Valley Authority Board of Directors selected Don Moul to serve as President and Chief Executive Officer of the nation’s largest
DOLLAR TREE TO SELL FAMILY DOLLAR FOR $1 BILLION
Dollar Tree Inc. has agreed to sell its struggling Family Dollar chain to private equity firms Brigade Capital Management and Macellum Capital Management for $1
PUTNAM AND ROANE COUNTY BIG LOTS TO RE-OPEN; NO DATE SET FOR PUTNAM
From Putnam County Mayor Randy Porter: “Good news! The Cookeville Big Lots Store will be re-opening soon! Variety Wholesalers purchased several hundred of the stores
CITY OF CROSSVILLE ISSUES REMINDER TO SMALL BUSINESS OWNERS
From the City of Crossville: ATTENTION SMALL BUSINESS OWNERS: If you are a small business who grossed LESS THAN $100,000, you will no longer file
JOANN FABRICS TO CLOSE 500 LOCATIONS; INCLUDING 10 TN LOCATIONS
Due to declaring bankruptcy, the fabric and craft store chain Joann Fabrics is closing around 500 stores nationwide. Ten Joann Fabrics locations were in Tennessee
TVA EMPLOYEES VOLUNTARY BUYOUT OFFERS FIVE DAYS PAY FOR EACH YEAR WORKED
Last month it was announced that federal workers would be able to resign with temporary pay if they chose not to work under the executive
AVIAGEN MAKES $25K PER ACRE OFFER FOR LAND TO CROSSVILLE CITY COUNCIL
Next week, the Crossville City Council will discuss and vote on a land purchase offer made by Aviagen who has offered $25,000 per acre for
IN-N-OUT BURGER MAY BE COMING TO COOKEVILLE
Famed California Burger chain In-N-Out Burger will be opening locations in several cities in Tennessee. Of these locations, one is planned for Putnam County’s own
TVA PRESIDENT AND CEO ANNOUNCES PLAN TO RETIRE
A recent press release by TVA confirms the intent of TVA President and CEO Jeff Lyash to retire. This announcement comes just a month and
NISSAN TO CUT JOBS IN SMYRNA, CANTON, AND DECHERD
According to recent confirmation by the car manufacturing giant, Nissan plants in Smyrna, Canton, and Decherd will experience job cuts. To begin, the company will
SOUTHEAST BANK TO PAY $1.5 MILLION TO RESOLVE DISCRIMINATION ALLEGATIONS
The Justice Department announced today that SouthEast Bank agreed to pay $1.5 million to resolve allegations that it engaged in a pattern or practice of
CPSC GIVES FINAL ORDER TO AMAZON OUTLINING HAZARD REMEDIATION PLANS
WASHINGTON, D.C. – Today, the U.S. Consumer Product Safety Commission (CPSC) unanimously issued a Decision and Order, concluding its administrative litigation with Amazon.com, Inc., a global
PERDUE FARMS PLANT IN MONTEREY TO SHUT DOWN
Purdue Farms recently announced plans to shut down their chicken processing plant in Monterey, effectively eliminating 433 jobs. The closure was announced in an email
NINTENDO ANNOUNCES NEW VIDEO GAME SYSTEM “NINTENDO SWITCH 2”
This morning, famed Japanese Video game company Nintendo announced the official successor to its incredibly popular line of hybrid portable consoles, the Nintendo Switch 2.
TDCI JOINS $17M MULTI-STATE ENFORCEMENT SETTLEMENT WITH EDWARD JONES
NASHVILLE – The Tennessee Department of Commerce & Insurance (TDCI), a member of the North American Securities Administrators Association (NASAA), has joined a $17 million settlement with Edward
