VOL. 123 | NO. 192 | Wednesday, October 1, 2008
The Memphis area’s three U.S. representatives split along party lines in Monday’s House vote killing a $700 billion financial bailout bill.
The University of Memphis has created the “CN – E. Hunter Harrison Center for Intermodal Safety and Emergency Preparedness” thanks to a $1 million donation by Canadian National Railway Co.
NEW YORK (AP) – Bank-to-bank lending rates jumped Tuesday and Treasury bill demand remained high, a day after Congress’ rejection of the bank bailout plan cast an even deeper freeze over the barely operational credit markets.
Muvico Entertainment LLC, which closed its Downtown Memphis theater this summer, is locked in a federal lawsuit with Peabody Place Centre GP over contractual issues related to the theater’s closure.
A group of black scholars today will begin addressing the effects of hip-hop music, health care disparities and other issues important to African-Americans and then present their findings to local policy-makers.
BENTONVILLE, Ark. (AP) – Wal-Mart Stores Inc. reported Tuesday it has told suppliers to stop acquiring cotton from Uzbekistan to try and put an end to forced child labor in cotton harvesting.
Carol Warren has accepted the position of bursar in the Division of Business & Finance at the University of Memphis. Warren is a graduate of the University of Memphis and has experience in student financial service operations working for the U of M previously as the assistant bursar. Before joining the university, Warren spent several years in the Loan Division at First Tennessee Bank.
KNOXVILLE, Tenn. (AP) – The Tennessee Valley Authority's largest electric rate increase in more than three decades takes effect Wednesday as thousands of consumers already are struggling to pay their power bills and avoid service cutoffs.
WASHINGTON (AP) – Lobbyists regrouped Tuesday after the House defeated the $700 billion bailout, a loss that had the business sector trying to recast the terms of the debate.
NASHVILLE, Tenn. (AP) – Potential Republican gubernatorial candidate Bill Frist is known to more than nine in 10 Tennessee voters, according to a poll released Tuesday.