A LOCAL 8 WEATHER ALERT is in effect into Wednesday due repeated rainfall. A Flood Watch is in effect for our area until 7 AM Wednesday. Where there are more pauses in the rain, totals will be closer to 2 inches but some will receive at least 4 inches of rainfall total. Creeks and streams run high and areas with poor runoff could face flooding problems. Busy commute hours could face more slowdowns, with fog and standing water on roads as well.
NASHVILLE, Tenn. (AP) -- The parent company of Hoover has purchased Nashville-based vacuum maker Oreck Corporation at a bankruptcy auction.
The Tennessean reports the family that founded Oreck had hoped to buy it back but lost the bid at a Monday auction to Royal Appliance Manufacturing Company.
According to a statement, Royal intends to close the transaction on July 24, subject to court approval.
Financial details of the winning bid were not released, but the Oreck family had submitted a $23 million bid at the beginning of the bankruptcy process.
The family's effort was led by former CEO Thomas Oreck. The family said they hoped to keep Oreck's manufacturing jobs in the United States.
Oreck has more than 200 employees at a manufacturing facility in Cookeville and several dozen corporate employees in Nashville.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.