VOL. 123 | NO. 226 | Tuesday, November 18, 2008
6-7 Vote Falls Along Racial Lines After Four Hour Debate
The 6-to-7 council vote rejected a resolution which would have allowed the police department to hire applicants who live within 20 miles of Shelby County.
A little more than a week ago, an ad hoc group that included bankers, elected leaders, civic officials and housing experts convened for an hour-long meeting inside the First Tennessee Bank building at 165 Madison Ave.
Year Long Pact Means More Pyramid Negotiations
There is a development agreement between Bass Pro Shops and Memphis and Shelby County governments.
Charles Morgan founded Vintage Homes LLC in 1979 and spent the past three decades transforming it into one of Shelby County’s leading homebuilders.
The Tennessee Small Business Development Center stands ready to help businesses cope with today’s tough economic times and tight credit market.
That’s the way they put it in the quarterly report released last week for the Longleaf Partners family of mutual funds they manage. They used those words to describe themselves because they have in large part not been abandoned by shareholders of their funds – even though those funds have taken quite a beating this year.
NEW YORK (AP) - Regional bank SunTrust Banks Inc. said in a regulatory filing Monday that it received $3.5 billion in capital as part of the government's $700 billion bank rescue package.
WASHINGTON (AP) – The country is sinking deeper into the economic doldrums, and it’s likely to stay there for a while.
2424 Appling Road, Memphis, TN 38133, Permit Amount: $2.3 Million -
St. Louis-based Enterprise Rent-A-Car, a national car rental company, has filed a $2.3 million permit application with the city-county Department of Construction Code Enforcement to build a 10,000-square-foot facility on 13.11 acres of land at 2424 Appling Road. The parcel of land is just north of the Interstate 40 and Appling Road interchange and just south of the Reese Road and Appling Road intersection.
WASHINGTON (AP) - Prospects dimmed Monday for enactment of a $25 billion bailout for the faltering auto industry before year's end, as congressional Democrats and the Bush administration headed for a stalemate over the plan.
WASHINGTON (AP) - The outgoing Bush administration has told top lawmakers it does not plan to use at least half of the $700 billion bailout fund that Congress approved this fall to aid the financial industry, congressional officials said Monday.
NEW YORK (AP) - Citigroup Inc. is shedding approximately 53,000 more employees in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt.
BOSTON (AP) - Putnam Investments said Monday it will cut 47 jobs, including 12 portfolio managers, and merge six of its stock mutual funds into larger funds under a restructuring by the company's new top executive.
NEW YORK (AP) - Target Corp. said Monday it will aggressively cut prices to give consumers bargains during the holiday season, after weak sales of its apparel and home offerings led third-quarter earnings to fall 24 percent.
CHICAGO (AP) - Lowe's Cos. Inc. posted better-than-expected third-quarter results Monday, even as profit slid more than 24 percent because shoppers postponed big-ticket purchases amid growing economic uncertainty.
KNOXVILLE, Tenn. (AP) - Forces are assembling to urge the Tennessee Legislature to curb people from using their cell phones while driving.
OLIVE BRANCH, Miss. (AP) - Two hospital groups are opposing a decision by Memphis, Tenn.-based Methodist Le Bonheur Healthcare to seek direct approval from the Mississippi Legislature for a new $151 million acute care hospital in Olive Branch.