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May 17, 2008

IN KNOXVILLE, MIXED ECONOMIC NEWS. First there's this:

Jewelry Television has eliminated more than 200 jobs as part of a restructuring the company said Friday is needed to improve its competitive position during the current economic downturn.

The Knoxville-based home shopping network also plans to put the Shop At Home facility and equipment it acquired in 2006 for $17 million in Nashville on the market. No sales price has been established yet.

On the other hand, there's also this:

In the face of rising demand for coal, Knoxville-based National Coal Corp. plans to expand production by re-opening some idle mines in Tennessee and Alabama and by digging one new underground mine in Tennessee.

Up? Down? Sideways?

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