VOL. 124 | NO. 17 | Tuesday, January 27, 2009
The chief administrative officer of the Shelby County Clerk’s office was taking gift cards and gift certificates from local auto dealers to help them with car titles and other auto paperwork, according to a report from the Shelby County Attorney’s office.
Attorney Lee Wilson is the new judge of Division 10 General Sessions Criminal Court.
The realty offices of Re/Max on the River and Re/Max at Mallard Creek will close Sunday, further proof that the slumping real estate market continues to claim casualties.
Mississippi’s Tishomingo County Development Foundation has selected a new developer to take over a Pickwick Lake marina project that that has been mired in environmental problems, a federal lawsuit and defaulted lease payments.
Bad things come in threes, as the old saying goes, and that principle could easily apply to the 520,000-square-foot Southaven Towne Center, where the economic downturn has taken its toll on a trio of high-profile stores.
The $825 billion Obama administration economic stimulus bill begins its journey through Congress this week and U.S. Rep. Steve Cohen, D-Memphis, estimates $167 million could be earmarked for projects in Shelby County over the next two years just through the public education allocations in the draft.
Banks across the U.S. released fourth-quarter numbers last week, and for many of them the earnings announcement was an opportunity to tout new loans they’ve put on the books in the wake of accepting millions of dollars in federal capital.
WASHINGTON (AP) – The U.S. Supreme Court ruled unanimously Monday that workers who cooperate with internal investigations of retaliation by their employers are sheltered by federal laws prohibiting job discrimination.
WASHINGTON (AP) – A real estate group says sales of existing homes rose 6.5 percent from November to December, closing out the worst year for the U.S. real estate market in more than a decade.
7751 Centennial Drive, Memphis, TN 38125, Loan Amount: $11.5 Million -
Lightman Centennial Gardens Co., a division of Michael Lightman Realty Co., on Jan. 15 closed an $11.5 million construction loan with SunTrust Bank for the second phase of the Centennial Gardens apartment complex in Southeast Memphis. The property is west of Hacks Cross Road and south of Winchester Road.
WASHINGTON (AP) - Congress is set to tackle the economy this week by considering President Barack Obama's choice to head the Treasury Department and by acting on legislation to spur economic growth.
DETROIT (AP) - General Motors Corp. said Monday it will cut 2,000 jobs at plants in Michigan and Ohio, and it will halt production for several weeks at nine U.S. plants over the next six months due to slow sales.
TRENTON, N.J. (AP) - No. 1 drugmaker Pfizer Inc. said Monday it is buying No. 12 Wyeth for $68 billion in a deal that ultimately will wipe out nearly 20,000 jobs but quickly boost Pfizer's revenue and profit and transform it overnight into a medicine cabinet for all.
WASHINGTON (AP) - The recession is killing jobs at an alarming pace, with tens of thousands of new layoffs announced Monday by some of the biggest names in American business – Pfizer, Caterpillar and Home Depot.