VOL. 126 | NO. 59 | Friday, March 25, 2011
U.S. District Court Judge Hardy Mays has set a tentative Monday hearing in the schools consolidation lawsuit, hours before the Shelby County Commission was scheduled to appoint citizens to a 25-member countywide school board.
Delta’s cutbacks leave questions at Memphis International
Despite this week’s bad news, the fortunes of Memphis International Airport as a Delta Air Lines hub remain closely linked with Delta’s flagship hub at Atlanta’s Hartsfield-Jackson International Airport.
Three apartment communities in the Hickory Hill Road/Knight Arnold Road area have sold for a combined price of $10 million.
The everyday financial transactions of 45,000 Memphis households are done in cash, car title loans, money orders, third-party check cashing and payday loans.
Major operational improvements, expanded gross margins and fewer mark-downs marked Memphis-based Fred’s Inc.’s strong earnings in its fiscal fourth quarter.
At least 1,500 sci-fi fans are expected to converge this weekend on the East Memphis Hilton at 939 Ridge Lake Boulevard.
A $21 million building permit application has been filed with the city-county Office of Construction Code Enforcement for the Memphis division of U.S. Foodservice Inc.
Brent Long, vice president of special events for Holliday Flowers, literally grew up in his mother’s flower shop.
Stacked against giants. A few weeks ago, I wrote a column about the 40th anniversary of the Overton Park/I-40 decision, a uniquely Memphis accomplishment by unique Memphians. Since then, many have told me stories about your involvement or that of those you knew. I’d like to share one. It comes from a good friend, David Sims, a Memphian who now lives in Wilmington, N.C. I’m sharing it not just because it’s good, or because it made me laugh – David does that a lot – but because it points out that the richness of our characters is what gives cities character. Memphis is far richer than most.
This is the first of a two-part series.
STATE LEGISLATURE
NASHVILLE (AP) – A proposal by Gov. Bill Haslam to limit monetary damages from lawsuits in Tennessee is unnecessary and a jury should decide how much is awarded and not government, former U.S. Sen. Fred Thompson told a House panel Wednesday.
REGIONAL
JACKSON, Miss. (AP) — The Mississippi Senate on Wednesday rejected a proposal aimed at jump-starting negotiations over legislative boundaries — an action that came after nearly all of the chamber's Republican members met privately with Lt. Gov. Phil Bryant.
REAL ESTATE
NEW YORK (AP) – Fixed mortgage rates edged up this week, but even 30-year rates below 5 percent have done little to boost home sales.
NATIONAL BUSINESS
NEW YORK (AP) – Weak demand for pricey flat-screen TVs and notebook computers helped push Best Buy Co.'s fourth-quarter net income down 16 percent.
NEW YORK (AP) – Drugstore operator Walgreen Co. said Thursday it will spend about $429 million to buy online retailer drugstore.com in a deal that gives it access to 3 million online customers.
WASHINGTON (AP) – Fewer people applied for unemployment benefits last week, adding to evidence that layoffs are slowing and employers may be stepping up hiring.
NATIONAL POLITICS
WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke will begin holding news conferences four times a year to explain the Federal Reserve's interest rate decisions and its views on the economy.