The Tennessean from Nashville, Tennessee • Page D1

THURSDAY, SEPTEMBER 4, 2014 APPLE SHARES FALL MORE THAN COSTING INVESTORS PAGE 5B middle tennessee BUSINESS EDITOR LANCE WILLIAMS 6 1 5-259-8882, REPOR BUSINESS NEWS 259-8096 OR FAX 259-8093 GAS PRICES Wednesday: $3.23 Month Ago: $3.32 Year Ago: $3.48 Check daily for the average cost of regular unleaded across Middle Tennessee. SOURCE: Eyewear retailer Warby Parker will open a corporate office in Nashville, creating around 250 jobs over the next five years. The Tennessean first reported in Julythat the company was considering establishing another corporate office in the Nash- ville area. It will be Warby first office outside New York City, where the headquarters is located. The company has about 300 employees in New York.

is such a vibrant city thrilled to put down roots said Neil Blumenthal, company co-founder and co-CEO, in a statement. will continue to expand our New York headquarters, but this is an exciting next step that will allow us to fuel future company and customer Warby Parker began an Internet brand that recently added six free-standing retail locations around the country and eight showrooms, including one in Nashville at Imogene Willie on 12th Avenue South. The Nashville office will focus first on hiring employees for the customer service team. It will start with about 20 employees and grow over time. The company had narrowed the list of finalists to Salt Lake City, Denver, Louisville and Nashville, according to reports.

made Nashville a standout above the other cities was that we felt be able to build the strongest connectivity to New co-CEO Dave Gilboa told Fast Companymag- Eyewear firm selects Nashville as office site Warby Parker to add 250 jobs over time By Getahn Ward EYEWEAR, 6D Spark Nashville, the latest in a series of startup events held locally in recent months, is helping several new regional companies ake their debut to potential investors. Spark is hosted by SouthernAlpha, a Nashville-based media startup covering technology and entrepreneurship in the Southeast. The pitch competition, now in its second year, has drawn established entrepreneurs including Marci Harris from PopVox in edwood City, and Sanjay Parekh, a founder of Startup Riot in Atlanta, to judge the companies. ummer in Nashville has evolved into a startup season that this year included Launch Southland Conference, Steve Rise of the Restroad trip and the startup accelerator Jumps tart Foundry, now 5 years old. eanwhile, Nashville startup The Skillery hosts its own pitch day today for entrepreneurs who have gone through its business JAE S.

LEE THE TENNESSEAN co-founders Makenzie Stokel, left, Seth Clarke and Channing Moreland are all elmont University students. They are one of 10 companies pitching today at Spark Nashville. STARTUPS TRY TO IGNITE SPARK 10 companies to make 90-second pitches today By Jamie McGee STARTUPS, 6D SPARK NASHVILLE Events on Third, 209 Third Ave. p.m. today For more in- ormation: Visit southernalpha.com Country radio host Bobby ones took to Twitteron Wednesday to voice his displea- ure at not being nominated for aCMA Award.

Bones, whose syndicated program, Bobby Bones has attracted more than 3million weekly listeners in ore than 80 Clear Channel media markets, said he was the ictim of refus- i ng to play the olitical games necessary to garner a nomination. Bones was a Top 40 pop radio personality be- ore last year when he moved to ashville to launch his country how and began broadcasting from WSIX-FM. not Bones weeted after learning he receive a nomination on Wednesday morning. simply play the political games the format is known for. to need a lot of old eople in this industry to retire or die before the Nashville lets something new get The nominees for CMA Nat ional Broadcast Media Personality are Big and Bubba Countdown and Racing I somewhat expected ones told The Tennessean by email.

I have to voice my ispleasure. the biggest COUNTRY RADIO Bobby ones ents about CMA snub Syndicated host says he play politics By Nate Rau BONES, 6D Bones Dover Motorsports has given the potential buyer of the Nashville Superspeedway an additional month to finalize the deal, extending the closing date to Oct. 25, according to docu- ents filed with the U.S. Securi- ies and Exchange Commission. he deal for $27 million in ash and an additional $20 mill ion letter of credit to over Wilson bond debt for the speedway was orig- i nally supposed to be completed by Sept.

25. But Dover, which shut down the speedway in 2011, said it gave the buyer, Nashville- based NeXovation additional time to complete its inspection of the property and resolve various title and survey including the status of some roads through the facility. According to the SEC filing, NeXovation has until Oct. 7 atisfy itself relative to various itle and survey items that a rose during diligence before i ts deposit becomes non-ref A mong the issues, according Superspeedway sale deadline extended FILE THE TENNESSEAN The last race at the Nashville Superspeedway was an IndyCar Series event i 2011. NeXovation Inc.

has expressed interest in buying the track. Lebanon buyer gains inspection time By G. Chambers Williams III SALE, 6D 1,800 1,850 1,900 1,950 2,000 2,050 MAMJJA 1,960 2,000 2,040 500 Close: 2,000.72 Change: 10 DAYS 3,80 4,00 4,20 4,40 4,60 4,80 STOCKS RECAP Today AP Resting easy Wall Street anticipates that Mattress fiscal second quarter earnings improved versus a year ago. The retailer, due to report financial results today, has benefited this year from rising sales as the company has opened and acquired new stores. In June, the company raised its sales outlook for the rest of the year.

Financial analysts will be listening for an update on how many new stores Mattress Firm aims to open this year. Spotlight on trade The latest figures on the imports and exports are expected to show that the trade deficit widened in July. In June, the trade gap fell to its lowest level since January as imports dropped sharply, led by lower shipments of cellphones, petroleum, and cars. A lower trade deficit boosts overall economic growth when it shows U.S. companies are earning more in their overseas sales.

When the deficit expands, however, it can weigh down economic growth. Stemming losses? VeriFone Systems reports third quarter financial results today. The company, which makes debit and credit card payment machines for retailers and other businesses, has been struggling to turn a profit. The company made some progress in the second quarter, reducing its loss from a year earlier. In June, VeriFone announced plans to cut around 9 percent of its workforce by the end of the year.

Source: FactSet Price earnings ratio: lost money based on trailing 12 month results Dividend: none 3Q Operating EPS 3Q $0.03 est. $0.05 18 29 $40 PAY $34.54 $19.82 Source: FactSet Trade (goods and services) seasonally adjusted -50 -40 JJMAMF 2014 est. AGENDA JA 3,800 4,000 4,200 4,400 4,600 4,800 MAMJJA 4,480 4,560 4,640 Nasdaq composite Close: 4,572.57 Change: 10 DAYS 16,000 16,400 16,800 17,200 MAMJJA 16,880 17,020 17,160 Dow Jones industrials Close: 17,078.28 Change: 10.72 (0.1%) 10 DAYS 1,800 1,850 1,900 1,950 2,000 2,050 MAMJJA 1,960 2,000 2,040 500 Close: 2,000.72 Change: 10 DAYS 3,80 4,00 4,20 4,40 4,60 4,80 STOCKS RECAP Today AP Resting easy Wall Street anticipates that Mattress fiscal second quarter earnings improved versus a year ago. The retailer, due to report financial results today, has benefited this year from rising sales as the company has opened and acquired new stores. In June, the company raised its sales outlook for the rest of the year.

Financial analysts will be listening for an update on how many new stores Mattress Firm aims to open this year. Spotlight on trade The latest figures on the imports and exports are expected to show that the trade deficit widened in July. In June, the trade gap fell to its lowest level since January as imports dropped sharply, led by lower shipments of cellphones, petroleum, and cars. A lower trade deficit boosts overall economic growth when it shows U.S. companies are earning more in their overseas sales.

When the deficit expands, however, it can weigh down economic growth. Stemming losses? VeriFone Systems reports third quarter financial results today. The company, which makes debit and credit card payment machines for retailers and other businesses, has been struggling to turn a profit. The company made some progress in the second quarter, reducing its loss from a year earlier. In June, VeriFone announced plans to cut around 9 percent of its workforce by the end of the year.

Source: FactSet Price earnings ratio: lost money based on trailing 12 month results Dividend: none 3Q Operating EPS 3Q $0.03 est. $0.05 18 29 $40 PAY $34.54 $19.82 Source: FactSet Trade (goods and services) seasonally adjusted -50 -40 JJMAMF 2014 est. AGENDA JA 3,800 4,000 4,200 4,400 4,600 4,800 MAMJJA 4,480 4,560 4,640 Nasdaq composite Close: 4,572.57 Change: 10 DAYS 16,000 16,400 16,800 17,200 MAMJJA 16,880 17,020 17,160 Dow Jones industrials Close: 17,078.28 Change: 10.72 (0.1%) 10 DAYS 1,800 1,850 1,900 1,950 2,000 2,050 MAMJJA 1,960 2,000 2,040 500 Close: 2,000.72 Change: 10 DAYS 3,80 4,00 4,20 4,40 4,60 4,80 STOCKS RECAP Today AP Resting easy Wall Street anticipates that Mattress fiscal second quarter earnings improved versus a year ago. The retailer, due to report financial results today, has benefited this year from rising sales as the company has opened and acquired new stores. In June, the company raised its sales outlook for the rest of the year.

Financial analysts will be listening for an update on how many new stores Mattress Firm aims to open this year. Spotlight on trade The latest figures on the imports and exports are expected to show that the trade deficit widened in July. In June, the trade gap fell to its lowest level since January as imports dropped sharply, led by lower shipments of cellphones, petroleum, and cars. A lower trade deficit boosts overall economic growth when it shows U.S. companies are earning more in their overseas sales.

When the deficit expands, however, it can weigh down economic growth. Stemming losses? VeriFone Systems reports third quarter financial results today. The company, which makes debit and credit card payment machines for retailers and other businesses, has been struggling to turn a profit. The company made some progress in the second quarter, reducing its loss from a year earlier. In June, VeriFone announced plans to cut around 9 percent of its workforce by the end of the year.

Source: FactSet Price earnings ratio: lost money based on trailing 12 month results Dividend: none 3Q Operating EPS 3Q $0.03 est. $0.05 18 29 $40 PAY $34.54 $19.82 Source: FactSet Trade (goods and services) seasonally adjusted -50 -40 JJMAMF 2014 est. AGENDA JA 3,800 4,000 4,200 4,400 4,600 4,800 MAMJJA 4,480 4,560 4,640 Nasdaq composite Close: 4,572.57 Change: 10 DAYS 16,000 16,400 16,800 17,200 MAMJJA 16,880 17,020 17,160 Dow Jones industrials Close: 17,078.28 Change: 10.72 (0.1%) 10 DAYS 1,800 1,850 1,900 1,950 2,000 2,050 MAMJJA 1,960 2,000 2,040 500 Close: 2,000.72 Change: 10 DAYS 3,80 4,00 4,20 4,40 4,60 4,80 STOCKS RECAP Today AP Resting easy Wall Street anticipates that Mattress fiscal second quarter earnings improved versus a year ago. The retailer, due to report financial results today, has benefited this year from rising sales as the company has opened and acquired new stores. In June, the company raised its sales outlook for the rest of the year.

Financial analysts will be listening for an update on how many new stores Mattress Firm aims to open this year. Spotlight on trade The latest figures on the imports and exports are expected to show that the trade deficit widened in July. In June, the trade gap fell to its lowest level since January as imports dropped sharply, led by lower shipments of cellphones, petroleum, and cars. A lower trade deficit boosts overall economic growth when it shows U.S. companies are earning more in their overseas sales.

When the deficit expands, however, it can weigh down economic growth. Stemming losses? VeriFone Systems reports third quarter financial results today. The company, which makes debit and credit card payment machines for retailers and other businesses, has been struggling to turn a profit. The company made some progress in the second quarter, reducing its loss from a year earlier. In June, VeriFone announced plans to cut around 9 percent of its workforce by the end of the year.

Source: FactSet Price earnings ratio: lost money based on trailing 12 month results Dividend: none 3Q Operating EPS 3Q $0.03 est. $0.05 18 29 $40 PAY $34.54 $19.82 Source: FactSet Trade (goods and services) seasonally adjusted -50 -40 JJMAMF 2014 est. AGENDA JA 3,800 4,000 4,200 4,400 4,600 4,800 MAMJJA 4,480 4,560 4,640 Nasdaq composite Close: 4,572.57 Change: 10 DAYS 16,000 16,400 16,800 17,200 MAMJJA 16,880 17,020 17,160 Dow Jones industrials Close: 17,078.28 Change: 10.72 (0.1%) 10 DAYS.