VOL. 124 | NO. 13 | Wednesday, January 21, 2009
High fuel prices early last year led Alshad Ameen and Javaid Iqval to conclude that people would want to park their gas-guzzling vehicles in favor of alternative modes of transportation, such as motorcycles and scooters.
Although fewer businesses sought licenses to operate or renewed their existing permits throughout all of 2008, the numbers took a sharper plunge after the financial crisis froze credit markets in August and September.
The question of who is going to represent Memphis City Council members in a multimillion-dollar lawsuit by a former city official still does not appear to have been answered in a way that satisfies everyone involved.
Already in the midst of a $200 million expansion to its Memphis intermodal yard near Lamar Avenue and Shelby Drive, BNSF Railway Co. is making another substantial investment in the city.
With many in the Memphis political community among the millions gathered in Washington Tuesday, Barack Obama took the oath of office as the 44th president of the United States.
ATLANTA (AP) – Airlines that do business at the world’s busiest passenger airport are playing hardball in talks over new lease agreements, threatening to move some flights to other airports – including Memphis International Airport – if they can’t maintain competitive costs on fees they pay.
Robert Brooks has been named vice president of clinical operations for Methodist University Hospital.
BIRMINGHAM, Ala. (AP) - Regional bank Regions Financial Corp. on Tuesday reported a fourth-quarter loss due mainly to a $6 billion goodwill impairment charge to reflect declining value in its banking reporting unit.
MEMPHIS, Tenn. (AP) - A museum dedicated to the history of the civil rights museum drew a crowd on Tuesday of people eager to see history being made in Washington.
NEW YORK (AP) - Times are tough for small business owners, those whom politicians tout as the backbone of America. As the recession marches on, it's those businesses – which employ about half of the country's private-sector workers – that are particularly vulnerable to the squeeze.
ROME (AP) - Fiat and Chrysler said Tuesday they have agreed to form a strategic alliance that would give the Italian auto empire a 35-percent stake in the troubled U.S. carmaker and could eventually bring it full control.