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VOL. 123 | NO. 130 | Thursday, July 3, 2008

Blockbuster, Franchisee Suit Moves to Mediation

A Hollywood ending may be in store for a nearly two-year-old federal lawsuit filed in Memphis that deals with issues surrounding the growth of Blockbuster’s video rental empire.

Court Dress Code Awaits Judicial Approval

A meeting of the Shelby County Circuit Court judges last week dealt, at least in part, with the attorney dress code issue that has drawn attention from the public and even the international press in recent weeks.

Factory Orders Post Modest Gain in May

WASHINGTON (AP) – Orders to U.S. factories turned in the weakest performance in three months in May, reflecting slumping demand for autos, heavy machinery and steel.

Bredesen Revisits DCS Layoffs

NASHVILLE (AP) – Medicaid rule changes that were expected to cost Tennessee $73 million in federal funds have been rolled back by Congress, but it’s not clear if they will help state children’s workers from being laid off.

Lewis Honored in Chambers For Labor and Employment Work

Frederick J. Lewis, a shareholder with Ogletree, Deakins, Nash, Smoak & Stewart PC, recently was ranked as a top attorney in the labor and employment field in the 2008 edition of Chambers USA.

Local Weather
Today
Memphis, TN
72°F
Fair
Wind: 3 mph
Humidity: 84%

EVENTS

The Children’s Museum of Memphis will host “CMOM Family Nights” beginning today and continuing every Thursday night in July at CMOM, 2525 Central Ave. Concessions will be available and a family movie will be shown in the Malco 4 Kids at 6:15 p.m. The museum will remain open until 8 p.m. and parents are encouraged to bring their children after work.

more events »

June Car Sales Plummet; More Declines Expected

DETROIT (AP) - A last-minute no-interest financing offer and strong sales of some cars helped General Motors Corp. keep its U.S. sales over Toyota Motor Corp. last month, but it was still the worst June for the industry in 17 years and a harbinger of more misery ahead.

Deutsche Bank Expects to Post Q2 Profit

FRANKFURT, Germany (AP) - Deutsche Bank AG reported Wednesday that market uncertainty and a wavering global economy was unlikely to result in a second-quarter loss.

Paulson: Banking Regulations Need Overhaul

LONDON (AP) - The United States must build a tougher regulatory system that can allow financial institutions to fail without causing wider economic turbulence, U.S. Treasury Secretary Henry Paulson said Wednesday in London.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 238 10,116
MORTGAGES 103 297 13,172
FORECLOSURE NOTICES 20 60 2,598
BUILDING PERMITS 192 562 24,086
BANKRUPTCIES 75 227 9,760
BUSINESS LICENSES 20 71 3,674
UTILITY CONNECTIONS 126 390 14,353
MARRIAGE LICENSES 15 68 3,131

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