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A prime location near Chattanooga's downtown waterfront will house the first Scenic City location for Puckett's, the longstanding Nashville-area group of restaurants.

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Profits for paving equipment maker Astec Industries hit a rough spot in the third quarter, falling 71 percent from year-ago levels and dropping to only a fraction of what analysts had forecast for the summer period.

An Augusta, Ga., company is eyeing the purchase of one of the biggest remaining undeveloped tracts along the Tennessee River in Chattanooga with plans to put up mixed-use housing on the 216-acre tract.

Covenant Transportation boosts revenues

Profits slip from adverse judgment

Covenant Transportation Group Inc. boosted its freight revenue in the third quarter by a healthy 5.7 percent, but an adverse court judgment from a 2008 cargo loss cut the company's net income slightly in the quarter.

Georgia continued to have the highest unemployment rate of any state last month even though the jobless rate in the Peach State dipped in September from 8.1 percent to 7.9 percent.

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After a full month of declines, the S&P 500 index last week came within a whisker of a so-called correction, defined as a drop of 10 percent from the previous peak.

Michael Lawley has joined Airnet Holdings as chief operating officer.

• Project: North Shore apartments. • Location: 110 Tremont St. • Developer: John Wise. • Contractor: Wise Construction Co.

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