Greeneville Federal Bank opened 50 years ago in July, in a different location than today’s, with a different name, much more limited resources and services, and, of course, a different generation at the helm.
Mass layoffs in Alabama dropped dramatically in August after a mid-summer rise, according to a report issued Thursday by the U.S. Bureau of Labor Statistics. Read more: Mass layoffs in Alabama drop dramatically in August – Birmingham Business Journal
The office building death spiral is not universally bad. You know the drill. Because of the economic downturn, the office building becomes worth less than the debt, so neither the owner nor the lender is willing to put more equity (such as for tenant improvement dollars for new tenants; commissions; and for capital repairs and improvements) into the building, so the building cannot capture any new tenants, so the word gets out on the street not to bring any new deals to that building, so the building becomes worth even less, so… Read more: The death spiral – Atlanta Business Chronicle
The Raleigh-Durham region ranks as the most expensive housing market in North Carolina, according to a Coldwell Banker Real Estate report released Wednesday Read more: Coldwell Banker: Raleigh-Durham is most expensive N.C. housing market – Triangle Business Journal
A 100-employee North Texas drug development firm has inked a collaboration agreement with a large pharmaceutical company that could be worth more than $800 million. Read more: Reata-Abbott deal may be worth $800M-plus – Dallas Business Journal
MOBILE, Ala. — Business leaders said the region’s economy remains weighed down by uncertainty related to the Gulf of Mexico oil spill and the slow national recovery, though there are some bright spots and optimism for the future. Read More: Press-Register
New Orleans Mayor Mitch Landrieu has agreed to keep a key homebuyer subsidy program alive by signing over $10 million in federal hurricane recovery aid to the Finance Authority of New Orleans. Read More: The Times Picayune