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4-Traders Homepage  >  Shares  >  Tokyo  >  Denso Corp    6902   JP3551500006

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Denso : EDITORIAL: Grins and Grimaces

08/29/2015 | 07:49am US/Eastern

Aug. 29--A look at recent events in the news that pleased us ...

Jobs bonanza: Denso Manufacturing Tennessee announced plans Tuesday for a $400 million expansion of its automotive parts plant in Blount County, which will bring 500 new jobs to the area.

The project will mark the ninth major expansion of Denso's 194-acre campus over the company's 25-year presence in Blouth County.

Denso's Blount County operations currently employ about 3,100 full-time workers producing starters, alternators, instrument clusters and various electronic components and systems.

In the black: Knox County ended the 2014-15 fiscal year with a surplus of more than $4 million.

The Knox County Commission passed a resolution Monday to spend $3.8 million of that on a variety of items, including police cruisers and laptops for the Sheriff's Office, a payment on a joint business park in Blount County, filing systems for the Criminal Court Clerk's office, building upgrades and various other one-time expenditures.

Growing economy: Tennessee's economy continued to improve in the second quarter, with 8,317 new business entities filing with the Secretary of State's office, and positive year-over-year growth for 15 consecutive quarters, according to a report released Tuesday.

The Tennessee Quarterly Business and Economic Indicators report, a joint effort of the Secretary of State's Office and the UT Center for Business and Economic Research, also showed Tennessee's unemployment rate fell to 5.7 percent in June, a 0.1 percent drop compared with May. Personal income grew to $272.5 billion in the second quarter, up 4 percent from last year and a 0.8 percent increase compared with the previous quarter.

Defacing history: Vandals desecrated a Farragut cemetery and James White Fort in separate incidences recently.

At Pleasant Forest Cemetery along Concord Road, hooligans stole or damaged more than $19,000 worth of items left at graves by loved ones. The monetary loss could climb higher after more people visit the cemetery, established in 1792 and the second oldest in Knox County. The Knox County Sheriff's Office is investigating.

Sam Maynard, executive director of James White's Fort, said he discovered graffiti on logs of the founder of Knoxville's cabin on Aug. 13. The graffiti has been removed and Knoxville police have beefed up patrols.

___

(c)2015 the Knoxville News-Sentinel (Knoxville, Tenn.)

Visit the Knoxville News-Sentinel (Knoxville, Tenn.) at www.knoxnews.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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