Former City Official to Head Chattanooga Whiskey
Chattanooga Whiskey co-founders Joe Ledbetter and Tim Piersant announced Tuesday that Andrew Kean has joined the company as President of Chattanooga Whiskey Co. and the Tennessee Stillhouse.
Kean comes most recently from a position as Chief Operating Officer of the City of Chattanooga. Prior to his recruitment by the city, he served as President and COO of See Rock City, Inc., where he oversaw operations, finances, strategic planning, and culture development.
“Andrew’s high level of structure and organizational skills, coupled with a strong understanding of operations, are what made him successful at Rock City and then again as the COO of the city of Chattanooga,” co-founder Tim Piersant said. “Andrew is young and extremely talented, we are both excited and humbled that Kean will be taking this leadership position in our company and believe he will be key in the long term success of the Tennessee Stillhouse.”
Kean, who official starts Dec. 2, said, "This opportunity puts me squarely on the front lines of building a business: cultivating a strong culture, developing leaders and a strong team, and designing a successful strategy around excellent brands and products. I’m excited to join a small group of extremely talented people, putting our different skills together, and continuing to build another success story for our city.”
Plans for the Tennessee Stillhouse, home of Chattanooga Whiskey Co., were recently unveiled which announced the distillery location to be at the corner of 4th and Broad Street in the heart of Downtown Chattanooga. The company is expecting a 6 million dollar development, which will employ more than 25 people when they open the doors in Fall of 2014.
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Last Update on January 27, 2015 08:27 GMT
WASHINGTON (AP) -- Federal Reserve policymakers will have a batch of fresh data to consider as they begin a two-day meeting to look at interest rates.
The Commerce Department releases December data on durable goods order this morning. Factory orders slumped in November, largely due to falling demand in the military and defense sectors. But a key category that economists view as a proxy for business investment spending was flat after declines the previous two months.
Also this morning, Standard & Poor's releases the S&P/Case-Shiller index of home prices for November. The rise in prices slowed in October amid falling real estate sales. New home sales were down in November, and the Commerce Department will offer December sales figures this morning.
And the Conference Board releases its Consumer Confidence Index for January this morning. December's report showed growing optimism.
Also today, there's a full lineup of corporate earnings reports expected today. DuPont, American Airlines, Caterpillar, Procter & Gamble, 3M and Pfizer all report quarterly financial results before the market opens. Apple, Amgen, AT&T and Yahoo release results after the market closes.
WASHINGTON (AP) --The Congressional Budget Office says the federal budget deficit will shrink this year to its lowest level since President Barack Obama took office.
CBO says the deficit will be $468 billion for the budget year that ends in September. That's slightly less than last year's $483 billion deficit.
As a share of the economy, CBO says this year's deficit will be slightly below the historical average of the past 50 years.
In a report released Monday, the agency projects solid economic growth for the next few years. The official scorekeeper of Congress also expects unemployment to drop slightly.
Beyond 2018, CBO projects deficits to start rising again as more baby boomers retire and enroll in Social Security and Medicare.
NORTH DAKOTA SALTWATER SPILL
MARMON, N.D. (AP) -- The Environmental Protection Agency says more than 4 million gallons of a mixture of fresh water, brine and oil have been pumped from the area affected by the largest saltwater spill of North Dakota's current energy boom.
The federal agency made public on Monday an assessment on the nearly 3 million-gallon spill of saltwater generated by oil drilling that leaked from a ruptured pipeline. Operator Summit Midstream Partners LLC detected the spill Jan. 6, but it's still unclear exactly when it occurred and what caused it.
Saltwater, also known as brine, is an oil-production byproduct that's considered an environmental hazard.
The EPA also says dams are being constructed in case water levels rise as ice melts, and to contain the drainage of saltwater.
ARCTIC OFFSHORE LEASING
ANCHORAGE, Alaska (AP) -- Alaska's congressional delegation is expecting the federal government to pull additional areas from consideration for Arctic Ocean offshore drilling when it announces a five-year drilling plan.
U.S. Sen. Lisa Murkowski says she was briefed last week by the Interior Department on the upcoming drilling plan.
Federal waters used by subsistence hunters are other areas that were excluded from leasing in past sales. Murkowski says she was told those exclusions could be made permanent and additional areas pulled from consideration.
She's says that's another blow to development in the state, which already is suffering with the drop in oil prices.
Murkowski, Sen. Dan Sullivan and U.S. Rep. Don Young spoke at a news conference in Washington, D.C., to state their objections to pursue a wilderness designation for the Arctic National Wildlife Refuge.
WASHINGTON (AP) -- Senate Democrats have temporarily stalled progress on a bill to approve the Keystone XL oil pipeline, the top priority of the Republican-controlled Congress.
The Senate voted 53-39 Monday to cut off debate on the bill, in a procedural vote. That's short of the 60 votes needed.
The vote caps a partisan dispute over the time granted to consider amendments to the bill.
Majority Leader Mitch McConnell wants to move to pass the legislation, which has enough support. Democrats argued they needed more time to debate additions.
Some Democrats who had supported previous bills approving the pipeline, including one of the bill's current sponsors, helped filibuster the move to limit debate.
LOS ANGELES (AP) -- West Coast dockworkers and their employers have resolved a key dispute in new contract talks.
A spokesman for the Pacific Maritime Association, which represents operators of port terminals, says companies and union negotiators reached a tentative agreement on whether the union would maintain and repair truck beds that haul containers that have been unloaded from ships.
The International Longshore and Warehouse Union had no immediate comment.
Who handles truck chasses emerged as a stumbling block in contract talks. The union wanted those jobs, partly because automation at seaports could erode its membership.
Cargo has been moving slowly through West Coast ports, which link the U.S. to Asia. Employers say workers are slowing down; workers blame employers, citing the outsourcing of chassis repair as one problem.
NEW YORK (AP) -- Want a ride home from car service Uber during the major snowstorm descending on the Northeast? Expect to pay more than the usual fare.
Still, after taking heat for big price increases during past storms, Uber has capped how much prices can rise in U.S. cities during disasters or emergencies.
In New York City, surge pricing will be capped at 2.8 times -- nearly triple -- the normal fare. The San Francisco company is also planning to donate the proceeds after paying drivers to the American Red Cross. That's part of its nationwide policy during disasters and emergencies after criticism when prices surged during Superstorm Sandy in 2012.
At smaller rival Lyft, prices never go higher than three times the regular rate.
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