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?