VOL. 127 | NO. 8 | Thursday, January 12, 2012
Raymond James CEO Paul Reilly made it official Wednesday, Jan. 11, announcing the company has bought Memphis-based Morgan Keegan & Co. from Regions Financial in a $930 million deal.
Raymond James Financial's official statement about the Morgan Keegan acquisition:
A. Schwab changes but holds on to history
Decades ago, Abram Schwab had the idea of putting a blues singer with a guitar on a stool somewhere in his general store on Beale Street to help along what was becoming a robust demand for the blues records his store sold.
The last time the ethics rules for Tennessee judges were rewritten the Soviet Union still existed and Tennessee Supreme Court justices ran in contested elections.
Let’s start with the positives. The Tigers have a five-game winning streak. They’re 2-0 in Conference USA heading into the Saturday, Jan. 14, game at Houston. Which means they didn’t lose to a horrid UAB team in Birmingham (but they almost did), and they didn’t give away a game at home against Southern Miss (although they gave it the old college try).
Kimberly-Clark Corp., a global manufacturer of hygiene and personal health products, has entered the local industrial market in full force.
Among the first of Bob Loeb’s comments when he addressed the Memphis Rotary Club Tuesday, Jan. 10, was that when his firm finishes the redevelopment of Overton Square, the hope is to pass the Rotarian Four-Way Test.
A Memphis physician has authored a national study centered on the cost and health outcomes for Medicare patients treated for peripheral artery disease (PAD).
MEMPHIS LAW TALK
Mary Hamm was probably destined to end up at Burch, Porter & Johnson PLLC, a Memphis law firm with a storied past, a roster of well-known legal talent and a history of social justice work.
Ray’s Take With an erratic stock market and banks paying virtually no interest, it’s no wonder people are looking for alternative investments. There’s been a buzz lately about something I haven’t seen interest in since the 70s – art and collectibles as investments, and I have two words to say about that: Bad idea.
From a newspaper article: “The question begs: Why go crazy celebrating a victory in late May like it was October?”
NASHVILLE (AP) – State lawmakers opposed to legislative redistricting plans are questioning the desire of Republican leaders to pass them so quickly.
NASHVILLE (AP) – Gov. Bill Haslam is touting his proposal for more grants for companies investing in Tennessee as fostering transparency in the state's economic development program. But the Republican has also filed a bill to shield information used to make grant decisions from public view.
NASHVILLE (AP) – Republican presidential candidate Mitt Romney has announced that he is being endorsed by Tennessee Gov. Bill Haslam.
SEARCY, Ark. (AP) – A federal bankruptcy judge has signed off on the $1.3 million sale of Searcy-based Yarnell's Ice Cream to Schulze & Burch Biscuit Co.
NEW YORK (AP) – Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions.
WASHINGTON (AP) – The final weeks of 2011 were the economy's best since it seemed to be slipping toward recession in late spring – a shot of optimism for 2012.
NEW YORK (AP) – You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls.
WASHINGTON (AP) – Tensions between the rich and poor in the U.S. are increasing and at their most intense level in nearly a quarter-century, a new survey shows. Americans now see more social conflict over wealth inequality than over the hot-button topics of immigration, race relations and age.
WASHINGTON (AP) – The Internal Revenue Service can’t keep up with surging tax cheating and isn’t sufficiently collecting revenue or helping confused taxpayers because Congress isn’t giving it enough money to do its job, a government watchdog said Wednesday, Jan. 11.
WASHINGTON (AP) – The Supreme Court wrestled Wednesday with how a federal law that grants workers time off for family and medical reasons applies to state government workers in a case that could affect millions of them.