VOL. 126 | NO. 216 | Friday, November 4, 2011
Memphis-based GTx Inc. reported Friday, Nov. 4, a $9.3 million loss for the third quarter as the company ramped up research and development on two drugs in clinical development programs.
Market research drives new Downtown dining concept
The long anticipated opening of bleu restaurant & lounge in Downtown’s The Westin Memphis Beale Street was shaped from the ground up, starting with community input.
A Rome, Ga.-based surface components manufacturer is relocating its distribution facility to the Southeast Memphis industrial submarket.
An entity composed of Michael A. Lightman Sr. and family members has bought Sanderlin Centre retail property at 5101 Sanderlin Ave. for $5.3 million.
Memphis-based Pinnacle Airlines Corp. posted a net loss in the third quarter of $3.5 million with special items or one-time expenses, including a new, five-year labor agreement with bonuses for flight attendants and severance expenses for top executives.
Michael O’Brien regards his camera as more than just the tool of his profession. O’Brien, a former Memphian who now lives in Austin, Texas, considers it his “passport to the world.”
The health care industry is an economic driver in Memphis, where hospitals, health care providers and biotechnology companies employ one out of every seven workers.
A year ago this month, Tennessee Gov. Bill Haslam won the governor’s race and suddenly found himself in the same room with 26 other newly elected governors.
As Greyhound prepares to move from its longtime Downtown bus station to the airport area this month, another change under way in the Memphis motor coach market reflects broader changes in the business nationally.
Larry Heathcott, president of Clarion Security LLC, started his business venture in Memphis in 2009 with three accounts. It rapidly ballooned to more than 20 accounts in three states.
LOCAL COLUMNISTS
THE IZING OF AMERICA. He stood on a board above a pool in 1936 and on a hill above Paul Newman in 1967, and both times, he nailed it.
Part four of a four-part series. Writing a funding proposal can be difficult. Creating the budget associated with a proposal can be more than some can handle. That’s where people like Carol Cantwell of Fun with Financials comes in. For this column we asked Cantwell what guidance she has to offer regarding budgeting and their financials, and how these tie to (and often impact) fundraising in general. Here is what she shared with us.
STATEWIDE
MEMPHIS (AP) – The heads of three state agencies on Wednesday began giving Gov. Bill Haslam their proposals for how they would cut 5 percent from their spending plans in next year's budget.
NATIONAL BUSINESS
WASHINGTON (AP) – Companies are more productive, fewer people are seeking unemployment benefits and service companies are adding jobs.
NEW YORK (AP) – Americans were shopping in October, but they were spending at a slower clip than expected as they faced a barrage of bad economic news.
WASHINGTON (AP) – Passengers may have to compete with slightly fewer people getting to the airport this Thanksgiving, but flights will be as full as ever, airline industry officials said Thursday.
WASHINGTON (AP) – Companies increased overall orders to U.S. factories slightly in September but demand in a key category that tracks business investment plans jumped by the largest amount in six months.
DALLAS (AP) – US Airways and Delta Air Lines Inc. are raising fares on many U.S. flights by up to $10 per round trip, and other airlines are tinkering with prices too.
WASHINGTON (AP) – The ranks of America's poorest poor have climbed to a record high – 1 in 15 people – spread widely across metropolitan areas as the housing bust pushed many inner-city poor into suburbs and other outlying places and shriveled jobs and income.
NATIONAL POLITICS
WASHINGTON (AP) – Republicans in the Senate have killed legislation sponsored by President Barack Obama to spend $60 billion on building and repairing roads, rail lines and other infrastructure to help kick-start the sluggish economy.
CANNES, France (AP) – His political fortunes and his nation's economy at risk, President Barack Obama on Thursday implored European leaders to swiftly work out a eurozone rescue plan, aware of the potential fallout at home if they fail.
REAL ESTATE
WASHINGTON (AP) – Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter.
WASHINGTON (AP) – The average rate on the 30-year fixed mortgage fell to 4 percent this week, nearly matching the all-time low hit just one month ago.
HEALTH CARE
WOONSOCKET, R.I. (AP) – CVS Caremark Corp.'s third-quarter earnings climbed 7 percent, as a long-term contract and acquisition boosted the pharmacy network claims it processed.
TECHNOLOGY
NEW YORK (AP) – Rapper Snoop Dogg gave props on Twitter to an ad for the Toyota Sienna minivan. Actress Tori Spelling linked to a website for rental cars. And reality TV star Khloe Kardashian soliloquized about the brand of jeans that accentuates the famous Kardashian derriere.
NEW YORK (AP) – Amazon.com Inc. said Thursday that it is starting a lending library for Kindle owners, letting them borrow one electronic book per month.