Clarksville’s own Wyatt-Johnson named GMC Dealer of the Year
Clarksville, TN – For the second year in a row, Wyatt-Johnson has been named “GMC Dealer of the Year” – an honor awarded to only 18 dealerships out of 700 nationwide.
To commemorate this premier achievement, five GM executives visited Clarksville last week to host lunch and celebrate with 75 Wyatt-Johnson employees. This high honor was based on sales volume of Buick and GMC cars and trucks in 2010 as well as service records and customer satisfaction.
Front Row – Jeff Moore, Zone Manager, Katherine Johnson Cannata, James Conley, Dick Conley, Tim Farmer, David Fortunato, Back Row – Mike Polston, Curtis Nichols, Sidney Johnson, Brad Flaaen.
The Weekly Market Snapshot from Frazier Allen for the week of September 18th
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
Europe was the dominant factor for the markets, with fear (early in the week) giving way to some optimism (or at least, less pessimism) after European leaders expressed support for Greece and the euro, the BRICs offered some support (in buying European debt), and central banks announced dollar liquidity-providing operations. At this point, we’ve had more words than action. The news out of Europe is likely to vary over the next few weeks, which should have some day-to-day impact on the U.S. stock market.
The economic data were disappointing, although stock market participants did not seem to care. Retail sales were flat in August and figures for June and July were revised slightly lower. Industrial production rose modestly in August, restrained by a drop in the output of utilities (cooler weather) and supported partly by a gain in motor vehicle production – results were mixed across industries. [Read more]
The Weekly Market Snapshot from Frazier Allen for the week of September 11th
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
Worries about a meltdown in Europe contributed to weakness in U.S. equities and helped drive Treasury yields lower. The European Central Bank left short-term interest rates unchanged. In the post policy meeting press conference, ECB President Trichet continued to talk tough on inflation, but noted “particularly high uncertainty and intensified downside risks” to the growth outlook. An ECB official was said to have resigned over the decision by the ECB to buy Italian and Spanish bonds. Market participants feared a potential default in Greece.
The U.S. economic calendar was thin, but reports remained consistent with the notion of subpar economic growth in the near term. Bernanke repeated that the Fed has “a range of tools to that could be used to provide additional monetary stimulus,” but the markets were disappointed that he didn’t provide details (actually, he doesn’t know – the Federal Open Market Committee will debate the possible costs and benefits of its various tools at the September 20-21 policy meeting). [Read more]
Clarksville Foundry Part of National Geographic Channel Special
Clarksville, TN – Clarksville Foundry, one of Tennessee’s oldest manufacturing companies with pre-Civil War origins, is a participant in a National Geographic Channel project that explores the mystery of the sinking of the Confederate submarine H. L. Hunley.
National Geographic Channel’s two-hour special, “Secret Weapon of the Confederacy,” premiers Thursday, September 15th, at 8:00pm CT. The show includes footage filmed at Clarksville Foundry, and features onscreen appearances by foundry employees Larry Rye and Larry Hale.
As part of reproducing a section of the Civil War submarine H.L. Hunley’s conning tower, Larry Hale of Clarksville Foundry melts iron for a casting that was used in the National Geographic Channel’s special “Secret Weapon of the Confederacy,” which premiers Thursday, September 15th.
Daymar Institute’s Clarksville Campus Plans Large-Scale Expansion
Clarksville, TN – Daymar Institute, Clarksville is looking to the future with plans for a new facility, which will accommodate its growing student population and provide a larger campus. The new building will be located on Trenton Road near Needmore. Daymar has contracted K4 Architecture, LLC to design the exterior and interior of the building, and the project is due for completion in fall of 2012.
“We at Daymar have a lot of reasons to be excited,” said Katharine Purnell, Campus President for the Clarksville location. “We are getting a brand new facility with industry standard equipment in our labs. It will be 40,000 square feet, which is double the amount of space we currently have.” [Read more]
September Chamber of Commerce Events
Clarksville, TN – The Clarksville Area Chamber of Commerce announces upcoming events during the month of September.
The Chamber’s Business After Hours will be held on Thursday, September 15th from 5:00pm-7:00pm. The event will be hosted by Legends Bank, 2120 Wilma Rudolph Boulevard. Join us for food, networking and fun. This event is offered at no cost. [Read more]
Eric Yow makes partner at Goble Law Firm
Written by Angela Brice Smith
Clarksville, TN – Goble Law Firm is pleased to announce that Attorney Eric J. Yow has been selected to be a partner. The new partner’s range of key practices includes Criminal Law, Family Law, and Personal Injury and he will continue to practice in Clarksville, Montgomery County, as well as surrounding counties.
Eric J. Yow. (Photo by Daphne Treadway)
The Weekly Market Snapshot from Frazier Allen for the week of August 28th
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
In his speech at the Kansas City Fed’s annual monetary policy symposium in Jackson Hole, Fed Chairman Bernanke said that “the Federal Reserve has a range of tools that could be used to provide additional monetary stimulus,” adding that “we discussed the relative merits and costs of such tools at our August meeting.” Bernanke said that Fed policymakers “will continue to consider those and other pertinent issues, including of course economic and financial developments, at our meeting in September, which has been scheduled for two days (the 20th and the 21st) instead of one to allow a fuller discussion.” He also noted that Fed officials expect inflation to “settle” over coming quarters at levels at below 2% (the upper end of the Fed’s comfort range. This inflation outlook, along with expectations of continued excess capacity, allowed the Federal Open Market Committee (on August 9) to make explicit the time frame (through the middle of 2013) that short-term interest rates are expected to remain exceptionally low. [Read more]
The Weekly Market Snapshot from Frazier Allen for the week of August 21st
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
Fear remained a significant factor in the financial markets, as concerns about weaker economic growth and worries that Europe’s sovereign debt crisis may be morphing into a fully-fledged banking crisis (with some implications for the U.S.) helped send long-term Treasury yields to record lows (the 10-year note traded briefly below 2%).
The economic data were mixed, but consistent with a lackluster-to-moderate pace of growth in the overall economy, not a recession. Industrial production rose 0.9% (more than expected), boosted by hot weather (increased output of utilities) and a rebound in autos – otherwise, manufacturing output rose 0.3%. Residential construction activity was soft. Existing home sales disappointed (the National Association of Realtors cited problems in the appraisal process and difficulties in obtaining financing). Consumer price inflation rose more than expected, boosted by the seasonal adjustment (which inflated gasoline prices) and higher apparel costs (three large increases in a row). Owner’s equivalent rent (which accounts for about a quarter of the overall CPI and a third of the core CPI) rose 0.3% (as a point of comparison, OER rose 0.3% over the 12 months ending December 2010). [Read more]
Business After Hours a success
Clarksville, TN – Despite threatening weather, more than 300 people attended the Clarksville Area Chamber of Commerce’s Business After Hours, hosted by Austin Peay athletics and the Governors Club, Thursday night, at APSU’s Pace Alumni Center at Emerald Hill.
Austin Peay President Tim Hall talked about the University’s continued growth and the plan to improve Governors Stadium in addition to encouraging Chamber members to support APSU athletics with their attendance.
Business After Hours a success. (Courtesy: Austin Peay Sports Information)
