VOL. 123 | NO. 202 | Wednesday, October 15, 2008
Listen to homebuilders’ language and it’s easy to discern their problems. Instead of using terms such as “expanding operations” and “ramping up production” – as they did a few years ago – builders now resort to phrases like “hunkering down” and “scaling back.”
It is arguably the most successful business story to emerge from Memphis, and it is a company whose performance is widely regarded as a ground-level indicator of the country’s economic health.
Memphians begin casting early votes for president today in advance of the Nov. 4 election.
No credit crunch or recession will keep Methodist Le Bonheur Healthcare from leading the way toward a greener future, said David Rosenbaum, vice president of facility management.
WASHINGTON (AP) – The government put itself four-square into the country’s banking business Tuesday, resorting to what President Bush conceded was the unwelcome choice of a partial nationalization to loosen paralyzed channels of credit.
Win Rawson has been named president of Memphis-based Benefit Recover Inc.
NEW YORK (AP) - The government's efforts to crank open the credit markets have led to some mild improvements in lending rates and Treasury bill yields. But it will probably take months, and perhaps a few years, before lending returns to healthier levels.
WASHINGTON (AP) - The tobacco industry is asking a federal appeals panel to overturn a landmark ruling that could open the door to more lawsuits from smokers claiming they were harmed because they were deceived by cigarette companies.
NASHVILLE, Tenn. (AP) - Tennessee lottery officials are suing two companies they believe are responsible for a software error that resulted in the sale of about $2 million worth of unwinnable tickets last year.
NEW YORK (AP) - Specialty retailer Linens 'n Things, which filed for bankruptcy protection in May, plans to begin liquidation sales at its stores as early as Thursday after failing to find a buyer that wanted to operate the company.
SEATTLE (AP) - Boeing Co. says renewed negotiations with its striking machinists broke down over an issue crucial to the company's "long-term competitiveness." A labor leader says the union was being asked to bargain away 2,000 jobs.