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Contura board faces challenge from activist investors

Pictured above, David Stetson Activist investor group MG Capital, which owns 5.8 percent of Contura Energy Inc., is demanding the company replace half of its board of directors. In a letter dated Oct. 7, Michael Gorzynski, managing member of MG Capital, says, “After recently assessing all of our concerns pertaining to Contura’s trajectory, we concluded that the Company’s Board – in particular, legacy direct ...

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NETWORKS Sullivan Partnership’s October surprise

Pictured above, Mitch Miller (left) and Clay Walker The economic development organization threw out a collaborative document a year in the making in favor of its own brand new plan. Reactions ran the gamut from disappointed to delighted. By Scott Robertson Three meetings this week revealed a new level of clarity regarding the positions of major players for and against efforts to create a regional economic d ...

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Golden named ETSU Allen and Ruth Harris Chair of Excellence in Business

Pictured above: David Golden, ETSU's new Allen and Ruth Harris Chair of Excellence, speaks with ETSU President Dr. Brian Noland. Business Journal file photo. Former Eastman Vice President David Golden is the new Chairholder of the Allen and Ruth Harris Chair of Excellence in Business at East Tennessee State University. Golden will also serve as professor of practice. According to the university, the princip ...

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BrightRidge partnering with Silicon Ranch, TVA for new 9 MW Solar Farm

BrightRidge CEO Jeff Dykes discussed the creation of solar power options for BrightRidge customers in the August issue of The Business Journal, saying, “We’re working on some solar options for the two school systems and the large university on our system. We’re very close to having that put together.” Now it’s together. BrightRidge announced Tuesday it is partnering with Silicon Ranch to build a new 9 MW so ...

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Ballad announces new initiatives to protect team members, patients

Pictured Above, CEO of Ballad Health Alan Levine By Dave Ongie At a time when public health officials are urging people to stay apart, Alan Levine claimed during his Tuesday media briefing that medical professionals at Ballad Health are finding out they are indeed “better together” as they address the COVID-19 outbreak in our region. “I cannot imagine what it would be like right now if we were still Mountai ...

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Northeast Tennessee communities in line to receive state grants

Pictured Above, Tennessee Governor Bill Lee On Monday, Tennessee Governor Bill Lee announced $200 million in grants to be distributed to every county and city government across Tennessee for one-time, local expenses in fiscal year 2021. “Capital maintenance, public safety and road projects don’t pause for disasters like the March tornadoes and the COVID-19 pandemic,” said Gov. Lee. “This grant fund will eas ...

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Food City working to supply masks for employees

Pictured above, Steve Smith, CEO K-VA-T Food Stores K-VA-T Food Stores CEO Steve Smith told reporters in a video conference Tuesday morning his Food City chain is working to purchase enough masks for every employee who wants one to be able to wear one at work. “Our associates are free to wear them as they desire, and hopefully we will be supplying them by sometime next week,” Smith said. “In the meantime, i ...

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TRI virtually deserted, but budgeting for upcoming fiscal year

By Scott Robertson It’s 10 a.m. Monday at Tri-Cities Airport in Blountville. The parking lot is virtually empty, save for overflow of rental cars nobody’s renting. The three TSA agents estimate they’ve allowed around a half-dozen travelers to the gates this morning. The gift shop closed a few days ago with no pre-determined re-open date. And, upstairs in the conference room, the airport management staff is ...

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New Dates announced for the 2020 Tennessee Valley Corridor National Summit

The Tennessee Valley Corridor (TVC) has announced new dates for its 2020 National Summit celebrating 25 years of innovation in transforming the region. The Summit will now be held July 15-16, 2020 at Milligan College in Johnson City, Tenn. As the novel coronavirus (COVID-19) outbreak continues to impact daily life, organizers felt this postponement would help ensure the safety and well-being of the hundreds ...

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ACP utilizing compounding lab to produce hand sanitizer for use in region

Pictured Above: Dr. Faisal Hossain, left, and Dr. Mamoon Rashid with several bottles of the hand sanitizer now being produced at ACP As the demand for hand sanitizer has grown and supplies of it have become almost non-existent as a result of the current Coronavirus (COVID-19) pandemic, the Appalachian College of Pharmacy (ACP) has ramped up its compounding lab and turned the lab’s focus to production of han ...

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