College Book Rental Company, LLC, (CBR) has filed for Chapter 11 bankruptcy.
The case filed October 4, 2012, in the United States Bankruptcy Court for the Middle Tennessee District of Tennessee petitions relief of approximately $15,036,951.93 in debts. Fifteen million dollars of that claim are for money loaned.
The federal government has approved 10 industrial parks in West Tennessee for designation as foreign trade zones. The U.S. Foreign Trade Zone Board issued the decision for the Port of Cates Landing in Lake County and other industrial parks in Dyer, Obion, Gibson and other west Tennessee counties.
The Nuclear Regulatory Commission has outlined safety improvements needed at the Honeywell nuclear refinery plant in Metropolis before it can reopen. NRC inspectors found earlier this year that the plant did not have proper bracings and support to withstand a major earthquake or tornado. After the inspection, the plant shut down operations, laying off over 220 union workers. Since that time Honeywell and the NRC have been negotiating a plan to upgrade the facility.
Northwestern Tennessee's long-planned Cates Landing Mississippi river port is set to open in early spring. Tri-County Port Authority Chair Jimmy Williamson says final site work at the Lake County port begins in November after storm debris from 2011 flooding is cleared from the river. Williamson says the port will bring heavy use from the commercial barge industry to northwest Tennessee.
Three men charged with stealing trade secrets from a Hopkinsville company who tried to use the information as leverage with a competitor are set for arraignment Nov. 15 in Paducah. A federal grand jury indicted Phillip Groves, Gregory Wampler and Eric Tinderholt this week. The men are charged with using USB drives to steal thousands of files from White Drive Products in 2007 and 2008. The jurors say the men went to another hydraulic motor maker and used the files to get jobs.
