VOL. 126 | NO. 124 | Monday, June 27, 2011
More than one analyst is predicting Morgan Keegan & Co. Inc. could fetch a minimum of $700 million if its parent company, Regions Financial Corp., follows through on an anticipated sale of the Memphis-based investment firm.
State officials examine future of Lambuth site
By the end of this week, the fate of Lambuth University in Jackson, Tenn., should be known. Thursday, June 30, is the day the private United Methodist Church-affiliated institution is scheduled to close.
One of the hardest things Bruce Ralston says he has to deal with as a bankruptcy attorney is something attorneys like him can’t always fix or make go away.
Many private colleges and universities faced hard times during the weak economy, but one local institution’s post-recession financial turnaround is no small victory.
For Memphis City Schools superintendent Kriner Cash, the school year just ended was a real test of his now three-year-old reform plan.
Methodist Le Bonheur Healthcare is set to open its new hospice residence, which will provide comfort and care in a serene, homelike like setting for terminally ill adult and pediatric patients in the final stage of life.
Three apartment complexes in Southeast Memphis that sold three months ago for $10 million are now mired in foreclosure and a $28 million lawsuit.
Ford & Harrison LLP, a labor and employment law firm with a Memphis office, has been ranked one of the top 100 law firms in “The American Lawyer” 2011 Diversity Scorecard, an annual ranking of firms based on the proportion of minority representation within their partnerships and overall lawyer populations.
Canada-based manufacturer Kruger Inc. is one step closer toward a major investment in its Memphis facility north of Downtown.
The KIPP Diamond Academy, 230 Henry St., is one of a handful of charter schools that have succeeded in the Memphis area in the last 10 years, and the school is now expanding by adding a ninth-grade class starting July 11.
LOCAL COLUMNISTS
How about a dialogue of a strange sort, as I interview myself on small business. The main thing is value points for you, so give me a break. You are a business person, do you want Oprah or Trump? I come bearing business truth serum for good and bad.
Last week, we explored the Power of Positive News and how we can be intentional about promoting more good stories in Memphis. This week, let us discuss a program that takes a direct and comprehensive approach to educating adults and youth-serving organizations to prevent, recognize and react responsibly to child sexual abuse: Stewards of Children.
THE MEMPHIS NEWS
After weeks of debate and dissent, the City Council finalizes the 2012 budget
Memphis City Council members left the city property tax rate at $3.19 Tuesday, June 21, as they ended their budget season.
Now we know what “shared sacrifice” means.
For a summertime concert series in Memphis, the act playing is only half the story. The big draw oftentimes is its location.
The mantra seems to be: “Every restaurant has an off night.”
In 218 B.C. when the Carthagenian general Hannibal and his armies and elephants were trekking through southern Gaul on their way to stomp the crap out of the Romans, did they stop to cool their heels betimes in what is now the wine region called Coteaux Varois en Provence? Who knows? I mean, they had to spend the night somewhere, right? This is an area east of Marseille and north of Toulon known primarily for rosé wines; in fact 88 percent of the 1.25 million cases produced annually in Coteaux Varois en Provence is rosé.
STATEWIDE
NASHVILLE (AP) – Tennesseans could be charged up to nearly $70 more for traffic tickets under a new state law that takes effect next month and is intended to fund crime lab services for law enforcement agencies.
NATIONAL BUSINESS
WASHINGTON (AP) – Federal regulators have begun a formal antitrust investigation into Google's business practices.
NATIONAL POLITICS
WASHINGTON (AP) – The U.S. economy expanded a little faster at the beginning of the year than previously estimated. But the pace was still anemic and economists don't see that changing until later this year.
WASHINGTON (AP) – Our power supply has been so precise that we've set our clocks by it. But time may be running out on that idea.
WASHINGTON (AP) – Stepping directly into stalled debt talks, President Barack Obama is inviting the two leaders of the U.S. Senate to separate meetings Monday, shifting the negotiations to the highest levels.
LAS VEGAS (AP) – U.S. Rep. Joe Barton introduced a bill Friday to legalize online poker, hoping to pull the estimated $6 billion industry out of the shadows at a time when its top operators face serious legal troubles.
REAL ESTATE
ALEXANDRIA, Va. (AP) – Federal prosecutors are seeking a life sentence for the man convicted of orchestrating a $3 billion fraud while running what had been one of the nation's largest private mortgage companies.