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VOL. 124 | NO. 123 | Thursday, June 25, 2009

Herenton Resigns as Memphis Mayor

Memphis Mayor Willie Herenton will give up the mayor’s office effective July 10.

Sexual Misconduct Costs Bartlett Doc’s License

The Tennessee Board of Medical Examiners has suspended the license of Dr. John R. Wickman for six months because of “unwanted and inappropriate sexual conduct” with two female patients.

Career Center Site To Serve Laid-Off Attorneys

Memphis Legal Placement Inc., a program of the Memphis Bar Association, earlier this week launched a new Attorney Career Center Web site to help laid-off or unemployed attorneys find local work.

Poplar Rail Study Juggles Citizen, Business Concerns

Paul Morris empathizes with the college students who climb over the trains stopped on the tracks that intersect the University of Memphis campus on their way to class.

Thompson to Lead Baker Donelson’s Product Liability, Mass Tort Group

J. Carter Thompson, a shareholder at the Jackson, Miss., office of Baker, Donelson, Bearman, Caldwell & Berkowitz PC, has been chosen to head the firm-wide Product Liability and Mass Tort Group.

Local Weather
Today
Memphis, TN
69°F
Mostly Cloudy
Wind: 8 mph
Humidity: 51%

EVENTS

Walt Schuler and Morris Landau will present a continuing education seminar titled “Medical Records Law: HIPAA Changes are Coming” today from 9 a.m. to 4:30 p.m. at the DoubleTree Hotel, 5069 Sanderlin Ave. The seminar will focus on helping health care providers avoid costly investigations by federal and state authorities and to avoid lawsuits and bad publicity by maintaining the privacy and security of patients’ health. Registration is available today at the seminar or by visiting www.lorman.com.

more events »

Stanford Receiver Relentless On Legal Fees

When the court appointee in charge of what’s left of Stanford Financial Group asked a judge’s permission last month to pay invoices of almost $20 million for the work he’s done so far, it wasn’t a popular request.

Boston AG Subpoenas Medtronic Over Implant Study

LOS ANGELES (AP) – Medical device maker Medtronic Inc. reported Tuesday it received a subpoena from the Massachusetts Attorney General seeking documents related to a published study on the company’s Infuse bone implant that was retracted after former Army surgeon Dr. Timothy Kuklo was accused of forging signatures and falsifying data.

FDA: More Data Needed on Glaxo Nausea Drug

TRENTON, N.J. (AP) - The U.S. Food and Drug Administration has rejected GlaxoSmithKline PLC's application to approve an experimental drug for nausea and vomiting, saying more data is needed.

Nucor CEO Sees Years of Weak Demand

NEW YORK (AP) - The head of Nucor Corp., the top domestic steel maker, on Wednesday dismissed recent price increases as nothing more than a bump from falling inventories and suggested steel makers face as many as six more years in the doldrums.

Fed Mulls Tweaks to Economic Revival Programs

WASHINGTON (AP) – With signs the economy is improving but still fragile, Federal Reserve policymakers are considering whether some programs intended to drive down rates on mortgages and other consumer debt should be slowed down.

SEC Pitches Tightened Rules for Money-Market Funds

WASHINGTON (AP) - Federal regulators on Wednesday proposed tightened rules for money-market mutual funds that would require them to hold some assets that could be easily converted to cash and to invest only in the highest quality securities.

Benefits Tax Advances in Health Care Negotiations

WASHINGTON (AP) - Taxing workers for employer-provided medical benefits could become the next big controversy for President Barack Obama in his quest to overhaul the nation's health care system.

Citi Boosting Salaries to Offset Lower Bonuses

NEW YORK (AP) - Citigroup Inc. is increasing the base salaries of many employees – reportedly by as much as 50 percent for some workers – as it restructures their compensation amid government restrictions on bonuses.

Rite Aid Pares Q1 Loss and Reduces Spending

NEW YORK (AP) - Drugstore operator Rite Aid Corp. reported Wednesday it narrowed its fiscal first-quarter loss by closing stores and trimming costs, and making progress as it works to eliminate $6 billion in debt.

New CEO Took Reins at Best Buy on Wed.

CHICAGO (AP) - It was September 1985 when a 24-year-old Brian Dunn knotted his skinny leather tie and set off to began a job as a sales clerk inside a small electronics store in Minnetonka, Minn., named Best Buy.

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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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