In a webcast with Calyon Securities on Monday, Charlotte-based Bank of America CEO Ken Lewis had a positive forecast. Lewis said he believed the recession is close to hitting bottom. “Things aren’t going to get better quickly, but I frankly see the light within the next two or three quarters where things do start to [...]
May 13, 2009
Charlotte’s Bank of Commerce scored a high-five from U.S. Treasury Secretary
Charlotte’s Bank of Commerce scored a high-five from U.S. Treasury Secretary Timothy Geithner during a speech Wednesday in Washington, D.C. Geithner cited the company in a speech to the Independent Community Bankers of America for its use of government money. He lauded bank President Wes Sturges for using $3 million in taxpayer capital to support [...]
May 13, 2009
Department of Energy is Major Player in Tennessee Economy
KNOXVILLE – The Department of Energy (DOE) continues to be a major force in the state’s economy with its offices and laboratories attracting a well-educated workforce, providing more than 12,000 jobs and paying an average salary significantly higher than the state average. UT’s Center for Business and Economic Research (CBER) recently completed an in-depth analysis [...]
