VOL. 126 | NO. 39 | Friday, February 25, 2011
Memphis-based biopharmaceutical company GTx Inc. Thursday reported a $7.5 million net loss in the fourth quarter, but posted a $15.3 million profit for the full-year, ended Dec. 31.
Strong 2011 expected for area hotels
Memphis’ lodging industry officials might be breathing a sigh of relief, as the worst of the hotel industry’s slump seems to be in the rearview mirror.
Memphis Police Director Larry Godwin will retire on April 15, the date he set in paperwork filed last year with city government.
The world’s largest office products company will soon enter the Memphis market.
The oldest business on Beale Street is for sale.
Scientists, academics, business professionals, politicians and others gathered Thursday at the Holiday Inn University of Memphis, 3700 Central Ave., to listen to entrepreneurial panelists voice their perspectives on the business of bioscience.
For more than two decades, Neighborhood Housing Opportunities Management Executive Director Howard Eddings and his team have worked to rebuild Memphis neighborhoods most plagued by urban decay, whose broken windows and overgrown lots have become familiar eyesores in the wake of the Great Recession.
2011 will be a year of more transition for Memphis-based Pinnacle Airlines Corp.
Memphis International Airport officials are keeping a wary eye on Washington as Congress considers renewing the authorization of the Federal Aviation Administration and possibly cutting or keeping flat Airport Improvement Project revenue.
When Mitsubishi Electric Power Products Inc. decided the facility in Ako, Japan, where the company produces large power transformers was approaching full capacity, it wasn’t long before the company decided it needed to build another plant.
When the economy crashed in 2007, Griffin Elkington had just taken a principal broker position at River City Land Co.
See what you can catch.
Part one of a two-part series
STATEWIDE
NASHVILLE (AP) – The TennCare Standard Spend Down program filled its 2,500 slots for new applicants in just 64 minutes.
NASHVILLE (AP) – A federal judge has pledged a speedy resolution in a 13-year-old class-action lawsuit over care for the 750,000 children on TennCare.
STATE LEGISLATURE
NASHVILLE (AP) – Tennessee Democrats say the new Republican majority and administration are focusing on other issues instead of a job creation plan they promised voters.
REGIONAL
JACKSON, Miss. (AP) – A Senate committee killed a bill Thursday that some say would've weakened the secretary of state's authority to approve leases on land set aside to benefit schools.
REAL ESTATE
LOS ANGELES (AP) – The gap between the average sale price of a foreclosed home and that of other properties grew wider last year, giving homebuyers who snapped up bank-owned homes big discounts.
NEW YORK (AP) – The average rate on the 30-year fixed mortgage fell below 5 percent this week, as investors sought more Treasury notes amid growing tension in the Middle East.
WASHINGTON (AP) — Sales of new homes fell significantly in January, a dismal sign after the worst year for that sector in nearly a half-century.
NATIONAL BUSINESS
WASHINGTON (AP) – Fewer people requested unemployment benefits last week, pushing the average number of applications over the past four weeks to the lowest level in more than two and a half years.
NEW YORK (AP) – Solid holiday sales and improvements in its branded credit card business helped Target's fourth-quarter profit rise almost 11 percent, but a company official cautioned Thursday that the economy is a "wild card."
DALLAS (AP) – Airfares are rising again, and travelers should brace for more price increases.
NATIONAL POLITICS
WASHINGTON (AP) – A House committee plans to write legislation next week ending the Obama administration's flagship effort for helping struggling homeowners avoid foreclosure and abolishing three other housing assistance programs.
WASHINGTON (AP) – President Barack Obama says the biggest challenge facing the U.S. economy is an unemployment rate that remains unacceptably high.