TAWC Names Gayle Domanski to Management Team
Tennessee American Water announced Gayle Domanski as the newest member of its management team Monday. Domanski joins Tennessee American Water as the Business Development Manager for the Tennessee and Georgia markets. She has over 20 years’ experience in corporate and consumer relationship marketing at American Express, Wal-Mart and Craftworks.
“With a strong expertise in data-driven, long-term strategic planning, Gayle is a welcome addition to Tennessee American Water,” said President Deron Allen. “Her strong background in marketing and strategic planning fits well with Tennessee American Water’s nearly 130 year history in the Chattanooga area.”
Domanski holds a Master’s of Science degree in International/Intercultural Communications and a Bachelor of Art degree in history. She is an active member of the Network of Executive Women and several marketing associations. She lives in Chattanooga and enjoys the beautiful outdoors the area is known for.
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Last Update on October 13, 2015 17:10 GMT
BRUSSELS (AP) -- Belgian-Brazilian AB InBev have announced an agreement in principle with SABMiller to take over the brewer at about $68 a share to create the world's biggest beer giant.
The brewer of Budweiser and Stella Artois said Tuesday it had increased its offer overnight for the world's second-largest brewer and that both boards "reached agreement in principle on the key terms of a possible recommended offer."
AB InBev has been trying for nearly a month to get its hands on SABMiller but its previous offers have met with resistance. On Monday, it was hoping that its latest offer, which valued SABMiller at 43.50 pounds a share -- 14 percent higher than its initial offer -- would finally win the day but it still upped its offer.
SAN FRANCISCO (AP) -- Twitter is laying off 336 employees, signaling CEO Jack Dorsey's resolve to slash costs while the company struggles to make money.
The cutbacks announced translate into about 8 percent of Twitter's workforce of 4,100 people.
The purge comes two weeks after Twitter brought back one of its co-founders as permanent CEO in hopes that Dorsey would be able to resolve problems that have slowed the messaging service's user growth and compounded an uninterrupted cycle of financial losses.
Cutting costs can boost profits, but at Twitter, it has also raised uncertainty about the future and the company's desire for aggressive growth and the larger audience it has sought for so long.
JOHNSON & JOHNSON-STOCK BUYBACK
Johnson & Johnson board approves $10 billion buyback plan
NEW YORK (AP) -- Johnson & Johnson said Tuesday that its board of directors approved a $10 billion stock buyback plan.
The health care and pharmaceutical products company said there is no time limit on the program and it will be financed through the issuance of debt.
The New Brunswick, New Jersey-based company had about 2.77 billion shares of common stock outstanding as of September 27.
"The board of directors and management team believe that the company's shares are an attractive investment opportunity and repurchasing stock is an important part of our capital allocation strategy," said Chairman and CEO Alex Gorsky, in a statement.
Its shares rose 13 cents to $96.12 in morning trading Tuesday as the company also reported mixed earnings results. Its shares are down about 8 percent so far this year.
FRANKFURT, Germany (AP) -- Volkswagen's flagship brand will switch to new diesel emissions technology in Europe and North America as well as cut a billion euros ($1.1 billion) in annual investment spending.
VW brand head Herbert Diess made the announcement Tuesday as the company struggles to overcome a scandal over cars equipped with computer software that let them evade U.S. emissions tests.
Diess said the company would change its diesel technology in Europe and North America and install technology that uses a urea solution called AdBlue to reduce diesel emissions. He said that change would come "as soon as possible."
He also said the company would extend its low-cost manufacturing techniques and reduce spending on investments.
WOLFSBURG, Germany (AP) -- Volkswagen-backed Bundesliga club Wolfsburg has postponed the construction of a youth training center because of the German car manufacturer's emissions-rigging scandal.
Wolfsburg chief executive Klaus Allofs tells news agency dpa that "I think it's understandable that we at least suspend it for now," referring to the planned 40-million euro ($45.5 million) project.
Allofs adds "we were not at the stage that you could say the project would be implemented. But of course this is not the time for investment."
Wolfsburg is heavily reliant on main sponsor Volkswagen for backing but the car giant is in crisis after U.S. authorities said it evaded emissions checks on 482,000 vehicles. The company put aside 6.5 billion euros ($7.3 billion) for recall costs and fines though the real cost is likely to be significantly higher.
NEW YORK (AP) -- Apple is adding Retina displays to its iMacs, which will enhance the text and the image quality of photos and videos.
The Cupertino, California-based company said its 21.5-inch iMac will have a Retina 4K display, while every 27-inch iMac will have a Retina 5K display. The 21-inch iMac and 27-inch iMac are available in three models and come standard with a new Magic Keyboard and Magic Mouse 2.
The technology giant redesigned Magic devices including the Magic keyboard, Magic Mouse 2 and Magic Trackpad 2. Those products have rechargeable batteries.
Apple said the iMacs will also have new storage options and more powerful processors and graphics.
Apple Inc.'s stock shed 61 cents to $110.99 in Tuesday premarket trading.
DUBAI, United Arab Emirates (AP) -- Abu Dhabi's Etihad Airways, one of the Arab Gulf region's largest carriers, has signed a $700 million deal with IBM to develop its security, mobile and analytics technology.
The 10-year service agreement that was signed last month and announced on Tuesday will provide Etihad with a range of IBM services, including a plan for a new cloud data center in Abu Dhabi. Disaster recovery will be managed at an IBM cloud data center in Europe.
The two companies also announced they are creating a joint technology and innovation council in the United Arab Emirates' government hub of Abu Dhabi.
Etihad carried 14.8 million passengers in 2014 and serves 113 passenger and cargo destinations worldwide. Its partner airlines include Alitalia, airberlin, Jet Airways, Air Serbia and Air Seychelles.
BOSTON (AP) -- The owners of the Pilgrim Nuclear Power Station in Plymouth have announced that they will close the plant by June 2019.
Entergy Corp. said Tuesday it is closing the only nuclear power plant in Massachusetts because of "poor market conditions, reduced revenues and increased operational costs."
The decision comes about a month after federal inspectors said they would increase oversight of the plant in the wake of a shutdown during a winter storm. The plant needs millions of dollars in safety improvements.
The plant was relicensed in 2012 for 20 years.
The timing of the shutdown depends on several factors, including further discussion with ISO-New England, the operators of the regions's power grid.
Entergy Chairman and Chief Executive Officer Leo Denault said the decision to close Pilgrim was "incredibly difficult."
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