Today: Mostly cloudy and becoming windy. Showers at times. An afternoon high in the upper 50s to low 60s. An increasing North wind at 10-20mph.
Tonight: Still some passing showers during the evening. Windy and much ... More...
Blake Strickland Inducted into Tennessee Credit Union Hall of Fame
W. Blake Strickland, President/CEO, Tennessee Valley Federal Credit Union, was inducted into the Tennessee Credit Union Hall of Fame at the Tennessee Credit Union League Annual Meeting in Gatlinburg, TN. Jointly sponsored by Volunteer Corporate Credit Union and the Tennessee Credit Union League, induction into the Tennessee Credit Union Hall of Fame is awarded annually to recognize the commitment, leadership, and dedication that deserving individuals from the state have made to the credit union movement.
Blake Strickland began his credit union career with Tennessee Valley Federal Credit Union in 1978 as its first marketing director. His enthusiasm and dedication to the principals of the credit union movement have remained steadfast throughout his credit union career. Appointed as President/CEO in 1999, Blake has guided the credit union to $975 million in assets with 14 branch locations.
Mr. Strickland served as Board Chairman of Volunteer Corporate Credit Union from 2005-2009 and as a League Director in 2007. He is also a member of the Credit Union Executives Society and is a Certified Credit Union Executive (CCE).
Blake is active in many community activities including University of Tennessee Chattanooga School of Business Advisory Board; Board of Directors, United Way; Chattanooga; Chattanooga Rotary Club; Past member of Board of Directors and Past Chairman, Junior Achievement of Chattanooga; Past member of Board of Directors, Past Walk American Chairman and Past Chefs Under the Stars Chairman for the River Valley Chapter of the March of Dimes, Chattanooga, TN; Past Member of the Finance Committee, Chattanooga Area Chamber of Commerce;
Past Vice President, Chattanooga Area Chapter of Credit Unions; Past Vice President, 7th District, University of Georgia Alumni Society Board of Managers; Named as one of the Outstanding Young Men of America by U.S. Jaycees, 1981; Named as Who's Who in Sales and Marketing by Sales and Marketing Magazine, 1987;
Past Treasurer and Past President of the Ft. Oglethorpe Marlins Swim Team; Finance Committee, Ft. Oglethorpe First Baptist Church, Ft. Oglethorpe, GA
Mr. Strickland is a graduate of the University of Georgia and continues to be an avid Georgia Bulldog fan currently serving as Vice-President of the Georgia Alumni Society Board of Managers.
More Business News
Last Update on October 31, 2014 07:28 GMT
SEOUL, South Korea (AP) -- Japan's Nikkei 225 stock average surged 5 percent and the yen slid against the dollar after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery.
Other Asian stock markets were also higher after the Japanese central bank's announcement Friday. The dollar rose 1.2 percent to 110.64 yen.
The bank said it would increase its asset purchases by between 10 trillion yen and 20 trillion yen ($90.7 billion to $181.3 billion) to about 80 trillion yen ($725 billion) annually.
The Nikkei was up 4.6 percent at 16,380.11 after shedding some of its initial gains. Hong Kong's Hang Seng rose 1.2 percent and Seoul's Kospi was up 0.1 percent.
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- Today. the Commerce Department will release its September report on consumer spending, which accounts for 70 percent of economic activity in the U.S.
Also, the University of Michigan will issue its monthly index of consumer sentiment for October. In September, the index reached its highest level since July 2013, led by greater optimism that the economy will grow and incomes will rise.
The Labor Department will also release the third-quarter employment cost index.
Before the market opens, Exxon Mobil will report its quarterly financial results.
NEW YORK (AP) -- Citigroup is slashing its third-quarter earnings by $600 million, saying that recent investigations by regulators have altered the results it reported earlier this month.
The New York-based bank on Thursday revised its quarterly net income to $2.8 billion from a previously reported $3.4 billion, citing legal expenses.
The bank's operating expenses rose from $12.36 billion to about $13 billion.
The company said in a statement the unexpected increase came from "rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters."
Citi previously reported third-quarter net income of $3.44 billion, or $1.07 per share, on Oct. 14. The results exceeded Wall Street estimates.
Like other major banks, Citigroup has been the target of lawsuits and government investigations for its role in the mortgage meltdown that helped spur the financial crisis of 2008.
SURGICAL GOWNS LAWSUIT
LOS ANGELES (AP) -- A lawsuit says Kimberly-Clark Corp. falsely claimed its surgical gowns met the highest standards for protecting against Ebola and other infectious diseases.
Lead attorney Michael Avenatti says the Texas hospital where two nurses contracted Ebola used to stock the gowns but it's not clear if the nurses had used them.
The $500 million fraud suit was filed Wednesday in federal court in Los Angeles on behalf of a surgeon who wore the gowns.
The lawsuit says Kimberly-Clark knew for a year that the gowns failed industry tests and allowed the transfer of bodily fluids, bacteria and viruses, but the company still promoted them as having the highest level of impermeability.
The maker of Kleenex and other consumer products says it doesn't comment on lawsuits but stands behind its products' safety.
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