Morning Links: 18 November 2008

Gaylord spikes San Diego plans, health care tech company names new CEO, Franklin company in venture to commercialize algae, and more...

Email | Print By Geert De Lombaerde

Gaylord Entertainment CEO Colin Reed says his company (Ticker: GET) will not move forward with its planned San Diego waterfront resort because high costs and a complex structure.

Steve Simpson has resigned as president and CEO of Spheris, the $200 million – but money-losing – medical transcription company based in Franklin. Taking his place is Daniel Kohl, who most recently ran Pediatric Services of America.

Nate Rau reports on Council member Emily Evans' grilling of Rich Riebeling over Metro's plans to refinance $59 million of bonds.

Franklin-based Clarcor (Ticker: CLC) is part of a new joint venture that will look to commercialize the production of algae for use as a biofuel.

KeyBanc analyst Brad Ludington says shares of CBRL Group (Ticker: CBRL) have reached a floor.

U.S. Senator Bob Corker says bankruptcy is a better option for the Big Three auto makers than the $25 billion loan package lawmakers are now considering.

Billboard reports on the efforts of Highnote, a local music technology company its backers say will be a $1 billion business in five years, to land investors.