TN Valley

Despite neighbors’ worries over more traffic, the building of too many new houses and the loss of trees, a developer on Thursday said he plans to move ahead with a potential $20 million subdivision in the heart of North Chattanooga.

Unemployment fell to a seven-month low in the Chattanooga area last month, although household surveys by the Bureau of Labor Statistics continued to show a lack of job growth in the region.

Chattanooga-based EMJ Corp. has won a contract for a little more than $1 million to provide oversight of the site work for Volkswagen’s plant expansion for the city and Hamilton County.

Microsoft’s quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella’s push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent.

President Barack Obama's labor secretary plans to travel next week to Germany to meet with Volkswagen officials to learn more about the works council the company wants to start at the Chattanooga factory.

The owners of Fehn's 1891 House restaurant in Dayton, Tenn., say there's nothing mysterious about the restaurant's closing for good this weekend, which will put a bookend on almost 90 years of Fehn's restaurants.

After the Polar Vortex put an extra chill in the monthly bills of many TVA ratepayers earlier this year, electricity users are getting a reprieve this fall.

First Tennessee Bank is expanding its decade-long presence in North Carolina by buying Raleigh, N.C.-based Trust-Atlantic Financial Corp., in a deal valued at $80 million.

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.

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.

U.S. homes sold in September at their fastest clip this year, a sign that the housing market is shaking off a slowdown that began in the middle of 2013.

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