» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 125 | NO. 5 | Friday, January 8, 2010

Slow Road to Rebound

Financial services industry inches out of doldrums

Don’t bother listening for the sound of champagne corks popping.

TARP paybacks spell end for Wall Street, Washington marriage

About 230 miles separate the centers of political and financial power in the United States.

Credit Counselor Has Seen it All During Great Recession

There’s some irony with the turnabout in the financial services career of Jack Hogan Jr.

For Wharton, Going Off Script Part of the Job

Memphis Mayor A C Wharton Jr. delivered his first state of the city address this week in a day crammed with several carefully planned events. Before the address at The Peabody hotel’s Skyway to the Memphis Kiwanis Club there was a meeting with students at Booker T. Washington High School. After the state of the city address, there was a jobs conference at the Benjamin L. Hooks Central Library.

Playhouse on the Square Readies for Building’s Debut

In anticipation of its grand opening production of “Pippin” Jan. 29, the new three-story Playhouse on the Square near Overton Square held its first preview event this week.

Local Weather
Currently
Memphis, TN
79.0°F
Mostly Cloudy
Wind: West at 4.6 mph
Humidity: 74%

EVENTS

The Campus School at the University of Memphis will hold orientation for parents of prospective students today at 9 a.m. in the Ball Hall Auditorium on campus. For more information, call 678-2285.

more events »

Judge Dismisses Baltimore Suit Against Wells Fargo

A federal judge has dismissed the city of Baltimore’s first-of-its kind lawsuit against Wells Fargo Bank N.A.

STATE LEGISLATURE

Klan Founder's Bust Moved from Tenn. House Chamber

NASHVILLE, Tenn. (AP) - A bust of Civil War general and early Ku Klux Klan leader Nathan Bedford Forrest has been moved from outside the doors of the Tennessee House chamber but still remains in a place of prominence on the main floor of the state Capitol.

STATEWIDE

Tenn. Honored by Business Magazine for 2009 Work

NASHVILLE, Tenn. (AP) - Business Facilities magazine has named Tennessee the 2009 State of the Year for the number of jobs created and amount of capital investments.

REGIONAL

Barbour Objects to House Budget-Cut Regulations

JACKSON, Miss. (AP) - Mississippi Gov. Haley Barbour doesn't like a proposal by House leaders to change the way he can cut state spending.

Attorney in Ark. Recruiters Shooting Case Wants Money

LITTLE ROCK, Ark. (AP) - The attorney for a Memphis, Tenn., man charged with killing a soldier at a Little Rock recruiting office wants up to $30,000 from the state for the defense.

NATIONAL BUSINESS

Unemployment-Claims Data Signal Job Gains are Near

WASHINGTON (AP) – A government report Thursday on claims for unemployment aid signaled that layoffs are easing and that the U.S. economy could be on the verge of posting the first monthly gain in jobs in two years.

December Retail Sales Show Signs of Life

NEW YORK (AP) - Last-minute holiday shoppers brought relief to the nation's retailers, handing them modest sales gains for the season and prompting several chains to raise their fourth-quarter profit outlooks.

Bank Pay-Insurance Plan Mulled

WASHINGTON (AP) - Federal banking regulators are considering a plan to link the insurance premiums U.S. banks must pay to the degree of risk-taking encouraged by their executive compensation policies.

Geithner's NY Fed Told AIG to Keep Quiet on Deals

WASHINGTON (AP) - Controversial deals that sent billions of bailout dollars to Goldman Sachs and other banks were kept quiet under pressure from the Federal Reserve Bank of New York, then led by U.S. Treasury Secretary Timothy Geithner.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 188 14,031
MORTGAGES 126 219 16,224
FORECLOSURE NOTICES 12 17 2,219
BUILDING PERMITS 170 411 29,164
BANKRUPTCIES 57 116 9,042
BUSINESS LICENSES 23 52 4,753
UTILITY CONNECTIONS 29 66 5,599
MARRIAGE LICENSES 19 56 3,038

Weekly Edition

Issues | About

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