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VOL. 123 | NO. 228 | Thursday, November 20, 2008

Daily News Companies to Present Economic Crisis Forum

Mortgage meltdown. Credit crunch. Financial fallout.

Lipscomb Addresses Foreclosure Crisis With Triage

Robert Lipscomb thinks the way to fight the foreclosure crisis in Memphis and Shelby County is to view it as part of a triage program.

Residency Decision Uncovers Underlying Attitudes

It may have been the most important debate the Memphis City Council has had since the group of 13 took office in January. And it may affect the way council members see each other for quite some time.

US Justice Department Sends Medtronic Subpoena

The U.S. Department of Justice has sent a subpoena to medical device maker Medtronic Inc. as part of an investigation into unapproved, or “off-label,” uses of its Infuse spinal graft.

Locals Awarded Cy Pres Funds

Memphis Area Legal Services, the University of Memphis’ Cecil C.Humphreys School of Law and the Shelby County Drug Court have been named beneficiaries of a $305,000 legal settlement.

Local Weather
Today
Memphis, TN
68°F
Mostly Cloudy
Wind: 0 mph
Humidity: 50%

EVENTS

The Memphis Regional Chamber will hold a breakfast forum with Shelby County Mayor A C Wharton Jr. today from 7:30 a.m. to 9 a.m. in The Crescent Club Founder’s Room, 6075 Poplar Ave., Suite 909. For reservations, contact Carmen Franklin at 543-3520 or cfranklin@memphischamber.com.

more events »

Houston REITs Buy $42M Share In Local Shopping Centers

A newly formed joint venture between Weingarten Realty Investors and Hines Real Estate Investment Trust (REIT), both of Houston, has bought a majority share of two local Kroger-anchored retail centers for a combined $41.6 million.

Bioworks Business Group Forms to Kick Start Collaboration

The topic at the inaugural luncheon of the Memphis Bioworks Business Association was how to get new drugs tested, manufactured and approved, but the purpose was networking.

Business Tennessee Names Donati One of Best Lawyers in State

Donald Donati, a partner at the Donati Law Firm LLP, recently was honored by Business Tennessee magazine as being one of the “150 Best Lawyers in Tennessee.”

Consumer Prices Drop Record 1% In October

WASHINGTON (AP) – Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount.

Ghosn Says Auto Industry Consolidation Likely

LOS ANGELES (AP) - Nissan Motor Co. and Renault SA Chief Executive Carlos Ghosn said Wednesday that he expects the current crisis in the auto industry will soon lead some carmakers to consolidate.

Citigroup Acquiring Remaining SIV Assets

NEW YORK (AP) - Citigroup Inc. said Wednesday it is acquiring the remaining $17.4 billion in assets held by structured investment vehicles it already supports, as the bank moves to unwind the troubled funds.

Tennessee Works to Lower Premature Births

NASHVILLE, Tenn. (AP) - Tennessee officials say they were aware of the state's high premature birth rate before the March of Dimes gave it a failing grade and they are working toward higher marks.

Democrats Seek to Lower Expectations for Bailout

WASHINGTON (AP) - Top Senate Democrats suggested Wednesday that a bill to rescue Detroit's Big Three automakers was stalled and challenged the Bush administration to take steps to save the industry if congressional efforts falter. The White House quickly rebuffed the suggestion.

Ballmer Dismisses Yahoo Buyout But Open on Search

BELLEVUE, Wash. (AP) - Microsoft Corp. is no longer interested in buying all of Yahoo Inc., CEO Steve Ballmer said Wednesday, though he told shareholders that the company would still be "very open" to a collaboration on Internet search. His comments sent Yahoo shares diving by 19 percent.

Sen. Clinton Weighing Secretary of State Post

CHICAGO (AP) - Associates of Hillary Rodham Clinton and her husband say the former first lady is weighing whether to leave the Senate and become secretary of state, believing the job is hers if she wants it.

Ark. Seizes 20 More Children from Alamo Group

LITTLE ROCK, Ark. (AP) - Stories of alleged beatings and sexual abuse prompted Arkansas child-welfare officials to take custody of 20 more children associated with the Tony Alamo Christian Ministries, an official said Wednesday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 10 65 1,544
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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