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Editorial Results (free)

1. Rhodes Honors Gray for Outstanding Research -

Dr. Patrick Gray, an associate professor in Rhodes College’s department of religious studies, has received the college’s Clarence Day Award for Outstanding Research. Gray’s research centers on biblical studies, specifically the history and literature of early Christianity and the Greco-Roman context.

2. Jobs Lost to Recession Trickle Back, But Wages Lag -

WASHINGTON (AP) – U.S. job growth slumped in April for a second straight month. It suggested an economy that is growing steadily but still sluggishly, which could tighten the presidential race.

3. J.C. Penney Gets Rid of Hundreds of Sales -

NEW YORK (AP) – J.C. Penney is permanently marking down all of its merchandise by at least 40 percent so shoppers no longer have to wait for sales to get bargains.

Penney said Wednesday that it is getting rid of the hundreds of sales it offers each year in favor of a simpler approach to pricing. Starting on Feb. 1, the retailer is rolling out an "Every Day" pricing strategy with much fewer sales throughout the year.

4. Retail Slide Sends Broad Stock Market Lower -

NEW YORK (AP) — Signs that U.S. consumer demand may be weakening led to a broad sell-off in stocks Friday, setting the market on course for its third week of losses.

Retailers Gap Inc. and Aeropostale each lost more than 15 percent after cutting their profit forecasts for the year, in part because of higher costs for raw materials. Gap's sales have been sluggish, a worrying sign for investors who are counting on shoppers to lead a recovery in consumer spending.

5. Economy Loses 95K Jobs Due to Government Layoffs -

WASHINGTON (AP) – A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 jobs.

The unemployment rate held at 9.6 percent last month, the Labor Department said Friday. The jobless rate has now topped 9.5 percent for 14 straight months, the longest stretch since the 1930s.

6. Report: SEC Investigating Canceled Trades -

NEW YORK (AP) – The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, according to The Wall Street Journal.

7. FedEx Reports Strong Quarter -

FedEx Corp. closed the fiscal year on a high note with strong fourth-quarter earnings, but the global shipping giant issued a conservative outlook as it gears up for the next 12 months.

8. FedEx Reports Strong Q4, Forecasts Tepid Year -

FedEx Corp. closed the fiscal year on a high note with strong fourth-quarter earnings, but the global shipping giant issued a conservative outlook as it gears up for the next 12 months.

9. Community Gift -

The floats told the story of Le Bonheur Children’s Hospital on Tuesday as it celebrated its 58th birthday with the opening celebration for a new $340 million pediatric medical center.

A giant heart with stitches symbolized the giving spirit of the Le Bonheur Club, the ladies sewing club that led the effort to build the old hospital. Another float featured huge hard hats in tribute to the construction workers who built the new one.

10. US Puts in New 'Circuit Breaker' Rules -

WASHINGTON (AP) — Federal regulators on Thursday put in place new rules aimed at preventing a repeat of last month's harrowing "flash crash" in the stock market.

Members of the Securities and Exchange Commission approved the rules, which call for U.S. stock exchanges to briefly halt trading of some stocks that make big swings.

11. SEC Proposes Uniform 'Audit Trail' for Orders -

WASHINGTON (AP) — Federal regulators moved Wednesday toward requiring a uniform system for tracking all securities orders on U.S. exchanges, in hopes of making it easier to investigate market disruptions like the May 6 plunge.

12. Memphis Music Foundation Elects Bell Chairman -

Al Bell has been elected the new chairman of the Memphis Music Foundation.
Under Bell’s direction, the foundation will continue to provide education, strategic planning and promotional opportunities to the Memphis music industry.
Bell is the former chairman and owner of Stax Records and former president of Motown Records. Bell has worked with artists such as Booker T and the MG’s, Otis Redding, Sam and Dave, Albert King, Rufus Thomas, Isaac Hayes and Richard Pryor.

13. US Government Takes on Big Role In Mortgage Market -

WASHINGTON (AP) – Uncle Sam has just become the 800-pound gorilla in the U.S. mortgage market.

The Bush administration announced Sunday it was seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis.

14. Events -

The Memphis Bar Association's Diversity Task Force sponsors a diversity summit today from 1:30 p.m. to 5 p.m. at the Pink Palace Museum, 3050 Central Ave. Sessions will include "Achieving Success Through Diversity," "Why Diversity is Important for Success in the Legal Profession" and "How Minority Attorneys Can Attract Business Clients." Cost is $50 for regular registration, $30 for attorneys in firms of five or fewer and free for law students and guests. Call 527-3573 for more information.

15. Budget Quirk Caused Property Owners To Pay More '05 Taxes Than Necessary, County Figures Reveal -

Thanks to a budgeting oddity that coincides with every countywide property reappraisal, taxpayers in Memphis and Shelby County paid more in property taxes in 2005 than necessary, according to recent figures compiled by the Shelby County Assessor's office.

16. Archived Article: This Week - Baptist Rehabilitation Begins Wellness Classes

Baptist Rehab Offers Wellness Classes Feb. 2

Baptist Rehabilitation-Germantown, 2100 Exeter Road, begins classes as part of its Health in Motion Community Wellness Program. Classes include an oste...

17. Archived Article: Memos - Khara Woods was the 2003 recipient of the John Paul Jones Journalism Scholarship

Khara Woods was the 2002-2003 recipient of the John Paul Jones Journalism Scholarship at the University of Memphis. Woods, a 21-year-old senior journalism major, is ...

18. Archived Article: Marketbriefs - Volunteers from First Tennessee are conducting free one-hour seminars to help citizens against fraudulent telemarketers and co

Volunteers from First Tennessee are conducting free one-hour seminars to help citizens avoid fraudulent telemarketers a...

19. Archived Article: Construction - By SUZANNE THOMPSON Construction to begin on new building in the Whitten Road area By SUZANNE THOMPSON The Daily News Owens Irrigation Inc. soon will have new offices as construction is scheduled to begin next week on a building at 2155 Hillshire Ci...

20. Archived Article: Law Focus Nvs - Judicial seats up for grabs Judicial seats up for grabs Vacated state supreme court, new criminal appeals positions in selection process By NATALIE VANTREASE STRODE The Daily News The state Judicial Selection Commission will have its hands full this...