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VOL. 124 | NO. 129 | Friday, July 3, 2009

Research Center Next On UTHSC Building Agenda

A center where scientists from different fields of medical research can share ideas toward common goals will be the next new building slated for construction on the University of Tennessee Health Science Center campus.

County Leaves Wiggle Room In Tax Rate

In setting the Shelby County property tax rate for the coming fiscal year, county officials have planned for the loss of as much as $1.06 billion in tax value from successful challenges to property value this year.

City in Store for Different Style With Lowery at Helm

“I’m not a Cadillac Escalade kind of guy. Are you with me?”

Goodyear Bids Farewell to 550 Employees

UNION CITY, Tenn. (AP) - The Goodyear Tire & Rubber plant in Union City is giving out buyout checks through Friday to 550 employees.

EPA Approves TVA Plan to Ship Coal Ash to Alabama

ATLANTA (AP) - The federal government has approved the Tennessee Valley Authority's plan to dispose of millions of tons of spilled coal ash at a municipal landfill in one of Alabama's poorest counties.

Local Weather
Today
Memphis, TN
61°F
Partly Cloudy
Wind: 6 mph
Humidity: 64%

EVENTS

Memphis Mary’s will host performances by Don Valentine & The Hollywood Allstars, Willie Covington, Tonya Dyson, Nate Dogg and Joyce Henderson Saturday at Memphis Mary’s, 345 Madison Ave. Doors open at 8 p.m. and the first band will play at 10 p.m. Cost is $10 in advance and $15 at the door. For tickets, visit www.boomhaus.com or Shangri-La Records, 1916 Madison Ave.

more events »

OSHA Fines Valero for Refinery Violations

DELAWARE CITY, Del. (AP) - Federal officials have cited Valero Energy Corp. for workplace safety and health violations at its Delaware City oil refinery.

467K US Jobs Cut in June; 9.5 Percent Jobless

WASHINGTON (AP) – Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting the economy’s road to recovery will be bumpy.

US Factory Orders Rise More Than Expected

WASHINGTON (AP) – Orders to U.S. factories jumped in May by the largest amount in nearly a year, another sign that the nosedive in manufacturing is nearing an end.

FDIC Seeks More Investor Interest in Failed Banks

WASHINGTON (AP) - The Federal Deposit Insurance Corp. proposed new guidelines Thursday for potential buyers of failed banks as the government seeks to sell a growing number of closed financial institutions.

US Marshals Seize Madoff Penthouse Property

NEW YORK (AP) - The U.S. Marshals Service on Thursday took possession of disgraced financier Bernard Madoff's $7 million Manhattan penthouse, an action that forced his wife to move elsewhere.

Court 'Moving Ball' on Racial Hiring, Obama Says

WASHINGTON (AP) - President Barack Obama said Thursday the U.S. Supreme Court was "moving the ball" on affirmative action in this week's decision favoring white firefighters in New Haven, Conn., but he added that the court had not ruled out the use of racial preferences in the future.

GM Urges Quick Approval of Sale Plan

NEW YORK (AP) - An attorney for a trio of bondholders opposed to General Motors' sale plan on Thursday urged a judge to call the government's bluff and require the automaker to restructure itself through a more traditional bankruptcy process instead of through the quick sale of its assets.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
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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