VOL. 126 | NO. 42 | Wednesday, March 2, 2011
Memphis biopharmaceutical startup GTx Inc. said Wednesday it and French-based pharmaceutical giant Ipsen have mutually agreed to terminate their collaboration for the development and commercialization of toremifene.
AutoZone sets industry tone with another scorching quarter
AutoZone Inc. chairman and chief executive officer Bill Rhodes told analysts during a presentation of the company’s second quarter results Tuesday morning that the Memphis-based auto parts retailer had its best quarterly performance since the end of 2003 for the period ending Feb. 12.
A premium grocery store is in the works for Overton Square with plans to preserve the entertainment district’s character and bring it back to life, Loeb Properties Inc. revealed this week.
Outgoing Memphis Police Director Larry Godwin may be going to work for the state of Tennessee.
Christ Community Health Services on Tuesday opened its state-of-the-art, $1.4 million, 5,000-square-foot dental facility at 2953 Broad Ave. in the heart of Memphis’ Binghampton neighborhood.
Memphis City Schools board members continue a series of town hall meetings on the schools consolidation referendum with different opinions about what the ballot question means.
With the housing market depressed and credit tight, Memphis’ home rental business doesn’t appear to be losing steam any time soon.
Mitch Jackson, vice president of environmental affairs and sustainability at FedEx Corp., has been named one of 2010’s Top 100 Thought Leaders in Trustworthy Business Behavior by Trust Across America.
Given recent economic realities, it’s easy to assume that when prospects respond to your proposal with “Can you do it for less?” the price objection is legitimate.
Ray’s Take: The days are getting longer, hooray.
STATEWIDE
NASHVILLE (AP) – The Tennessee Emergency Communications Board has voted to add new training requirements for 911 dispatchers who take calls about missing or exploited children.
STATE LEGISLATURE
NASHVILLE (AP) – Republican Sen. Mike Bell says he's optimistic about the passage of a proposal that would provide liability protection for employers who choose to allow guns to be carried in their work place.
NASHVILLE (AP) – The state House has passed a bill to prohibit election officials from purging a voter's registration after a name change due to a divorce.
NASHVILLE (AP) – A measure that would amend the Tennessee Constitution to ban an income tax is headed for a full Senate vote.
NASHVILLE (AP) – House Speaker Beth Harwell says the lower chamber of the General Assembly plans to take up Gov. Bill Haslam's proposals on tenure and charter schools before taking up a measure to do away with teachers' collective bargaining rights.
REAL ESTATE
Spring can be an exciting time for homeowners ready to sell. But not so much when your home has lingered on the market through multiple spring selling seasons.
NATIONAL BUSINESS
DETROIT (AP) – General Motors Co. led automakers with a 49 percent U.S. sales jump last month, aided by sweeter financing and lease deals and strong demand for newer models.
WASHINGTON (AP) – U.S. manufacturers expanded at the fastest pace in nearly seven years last month, but a sudden rise in the price of raw materials could threaten their profits.
NEW YORK (AP) – General Nutrition Centers Inc., which makes nutritional supplements, said Tuesday that Sam's Club will start selling some of its products this month.
NEW YORK (AP) – CVS Caremark Corp. said Tuesday that federal antitrust regulators cleared its planned acquisition of insurer Universal American Corp.'s Medicare Part D prescription drug business.
NATIONAL POLITICS
NEW YORK (AP) – Nearly everything is going according to the plan Federal Reserve Chairman Ben Bernanke hatched six months ago.
WASHINGTON (AP) – The Supreme Court ruled Tuesday that corporations have no right of personal privacy to prevent the disclosure of documents under the federal Freedom of Information Act.
WASHINGTON (AP) – The Obama administration's plan to gradually dissolve ailing housing giants Fannie Mae and Freddie Mac and to shrink the government's role in the mortgage market drew praise from House Republicans on Tuesday. The GOP chairman of the House Financial Services Committee called the proposal a good starting point for bipartisan negotiations over a housing overhaul.
WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke told Congress on Tuesday that a prolonged rise in oil prices would pose a danger to the economy. But he said a more likely outcome is a temporary and modest increase in consumer prices, not runaway inflation.