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VOL. 126 | NO. 43 | Thursday, March 3, 2011

GTx, Ipsen Terminate Drug Collaboration

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.

Greener Pastures

Landscapers, nurseries, others increase green awareness

Back in 1972, Diane Meucci attended an Earth Day festival. It introduced her to the idea of organic, eco-friendly gardening and landscaping.

Electrolux Signs Lease for One Commerce Square Space

Before setting up shop at in Southwest Memphis, Electrolux will reside Downtown.

Godwin to be State Deputy Safety Commissioner

Memphis Police Director Larry Godwin will go to work for the Haslam administration when he retires next month.

Sales Measure at Fred's Rises 0.9 Pct in February

MEMPHIS (AP)Fred's Inc. said Thursday that February revenue at locations open at least a year rose 0.9 percent, below analysts' expectations for the discount store operator.

Local Weather
Today
Memphis, TN
62°F
Cloudy
Wind: 10 mph
Humidity: 21%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop Thursday from 8:30 a.m. to 3:30 p.m. at its office, 5100 Poplar Ave., suite 502. Participants will learn about the importance of honesty and its impact on organizations and people. Cost is $99 for members, $150 for nonmembers and $89 for those in the Program for Nonprofit Excellence. For more information, visit www.npexcellence.org.

more events »

Unemployment Aid Requests Fall to Near 3-Year Low

WASHINGTON (AP) – The number of people requesting unemployment benefits last week plunged to a nearly three-year low, bolstering the likelihood that companies will increase the pace of hiring this year.

Overton Square Developer Eyes Grocery Store for Site

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.

Former Judges Take Next Step With Mediation Practice

The legal careers of Lorrie Ridder and Rhynette Hurd have crisscrossed repeatedly through the years – not that these friends who’ve known each other as long as they have mind too much.

Former U.S. Attorney Greenlee Discusses Big Cases

The former U.S. Attorney for North Mississippi during the prosecution of North Mississippi attorney Dickie Scruggs for bribing a judge says there were some fears the powerful attorney or his friends might destroy the government’s case by talking some key witnesses out of cooperating.

VA Expands Dementia Caregivers Support Program

The U.S. Department of Veterans Affairs announced Wednesday that it’s expanding support nationwide to caregivers of veterans with Alzheimer’s disease and other forms of dementia following the success of a proven behavioral intervention pilot program that originated in the Memphis VA Medical Center.

Nichols Navigates Way to Firm’s Memphis Business Tax Group

The key to any good planning might be plenty of quiet time to think and ponder through obstacles and challenges before arriving at a clear course of action.

Elementary, My Dear

I started this column as yet another “Who am I?” But ulterior motive did me in. I’ve a story to tell. Be assured I’ve not told this here before. First, let me acknowledge “The Straight Dope,” by Cecil Adams, the source of some of the material herein. I love its tagline: “Fighting Ignorance Since 1973 (It’s taking longer than we thought).”

STATEWIDE

Federal Cuts Wouldn't End Planned Parenthood

NASHVILLE (AP) – A Planned Parenthood official in Tennessee says the organization will continue if it loses federal funding.

IRS May Have Tax Refunds Waiting for 2007

NASHVILLE (AP) – The Internal Revenue Service estimates $17 million in tax refunds may be waiting for 17,200 Tennesseans who did not file a federal income tax return for 2007.

STATE LEGISLATURE

State Bill That Would Restrict Local Rules Stalling

NASHVILLE (AP) – A measure that would require certain city and county rules in Tennessee to comply with those at the state and federal level is stalling in the Legislature.

HEALTH CARE

FDA Cracks Down on Untested Cold Medicines

WASHINGTON (AP) – The Food and Drug Administration said Wednesday that it will remove roughly 500 unapproved cold and allergy medications from the market as part of an ongoing crackdown on ineffective prescription drugs.

NATIONAL BUSINESS

Retirement Worries: Deficit, Jobs Top the List

DES MOINES, Iowa (AP) – The federal budget deficit has investors so concerned that it's now tied with unemployment as their biggest worry, says a survey released Wednesday. It was conducted for Wells Fargo & Co. by Gallup.

Delta Flight Attendants Sue Over Profit-Sharing

MINNEAPOLIS (AP) – Six flight attendants for Delta Air Lines Inc. are suing the airline because their profit-sharing checks were smaller because of a union dispute.

February Retail Sales Rise in Most Categories

NEW YORK (AP) – Retail sales in February rose in categories ranging from clothing to furniture, despite winter storms and rising gas prices, according to data released Wednesday.

NATIONAL POLITICS

Bernanke: GOP Spending Cuts Would Slow Growth

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke said Wednesday a House Republicans plan to cut $61 billion in federal spending this year would reduce economic growth and cause job losses.

Fed Survey: Economy Expands Throughout US

WASHINGTON (AP) – The U.S. economy expanded in January and early February in all parts of the country, but businesses reported they are under pressure to raise their prices.

Warren Buffett Says Economy Keeps Improving Slowly

OMAHA, Neb. (AP) – Billionaire Warren Buffett said Wednesday the U.S. economy continues to improve and doesn't need as much government help as it is currently getting.

Obama to Put Government Property Up for Sale

WASHINGTON (AP) – President Barack Obama is putting government property up for sale to help save taxpayers billions of dollars.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 215 4,981
MORTGAGES 96 322 6,548
FORECLOSURE NOTICES 13 38 1,517
BUILDING PERMITS 223 541 11,800
BANKRUPTCIES 84 203 5,162
BUSINESS LICENSES 19 65 2,001
UTILITY CONNECTIONS 124 351 6,815
MARRIAGE LICENSES 21 65 1,406

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The Memphis News: Business, politics, and the public interest.