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VOL. 123 | NO. 208 | Thursday, October 23, 2008

Council to Reconsider Paying Lee’s Legal Bills

The Memphis City Council reopened the debate Tuesday night over whether to pay more than $426,000 in legal fees incurred by former Memphis Light, Gas and Water Division president and CEO Joseph Lee starting in early 2007.

Female Attorneys To be Inducted, Honored by AWA

Two women are being honored today by the local Association for Women Attorneys.

Calvary & the Arts Begins Next Week

The playful beat of a jazz orchestra, the plaintive tone of a country song and the urgent notes of a gospel band will reverberate through the sanctuary during the 30th anniversary series of Calvary & the Arts.

Recession Fears, Weak Earnings Stoke Stock Selling

NEW YORK (AP) – World stock markets sagged again Wednesday as a barrage of weak corporate earnings stoked fears that the government’s financial intervention won’t keep global economies out of recession.

Butler in Middle of Entertainment Biz Through Law Practice

Tonya D. Butler is a member of Wyatt, Tarrant & Combs LLP’s Intellectual Property Protection & Litigation Service Team. She concentrates her practice on music and entertainment law.

Local Weather
Currently
Memphis, TN
56.0°F
Mostly Cloudy
Wind: Northwest at 5.8 mph
Humidity: 87%

EVENTS

The Memphis Regional Chamber will hold a Breakfast Forum today from 7:30 a.m. to 9 a.m. in the Skyway Ballroom of The Peabody hotel, 149 Union Ave. C.H. “Bud” Albright Jr., Department of Energy undersecretary, will speak on the topic “An Energy Plan for Our Future.” Cost is $20 for members and $30 for prospective members. Make reservations with Ericka Milford at 543-3518 or emilford@memphischamber.com.

more events »

Tennessee Officials Look Forward to VW Cooperation

WOLFSBURG, Germany (AP) - Tennessee officials, including Gov. Phil Bredesen, said Wednesday that Volkswagen AG's decision to build a new plant in Chattanooga was clearly a bonus for the state and they were looking forward to working together.

World Leaders to Meet on Economy in Washington

WASHINGTON (AP) - World leaders will meet Nov. 15 in Washington to address the global financial crisis – the first in a series of summits to mitigate what economists predict could be a long and deep downturn.

Oil Falls Below $67 on US Recession Fears

NEW YORK (AP) - Oil prices tumbled below $67 a barrel to 16-month lows Wednesday after the government reported big increases in U.S. fuel stockpiles – more evidence that the economic downturn is drying up energy demand.

US Credit Raters Get Grilled in Congress

WASHINGTON (AP) - There is plenty of blame to go around for the ongoing credit crisis, and a House panel investigating the meltdown Wednesday cast much of it on credit ratings agencies like Standard & Poor's for giving good-as-gold ratings to securities backed by subprime mortgage loans.

OPEC Scrambles as Crude Prices Spiral

VIENNA, Austria (AP) - When oil prices go down, OPEC slashes production and the cost of crude rises, right?

Boeing's 3Q Profit Dives 38 Percent Amid Strike

Boeing Co.'s third-quarter profit dropped 38 percent as a strike and supplier production problems hurt results at the world's No. 2 commercial airplane maker. Its shares fell more than 6 percent in afternoon trading on Wednesday.

AT&T 3Q Profit Up 5.5 Pct, Misses Street Estimates

NEW YORK (AP) - AT&T Inc.'s earnings rose 5.5 percent in the third quarter, but missed analyst expectations in part because of strong sales of iPhones, which the carrier subsidizes.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 56 308 6,247
MORTGAGES 58 345 7,437
FORECLOSURE NOTICES 42 79 1,194
BUILDING PERMITS 244 800 13,391
BANKRUPTCIES 49 202 4,549
BUSINESS LICENSES 34 120 2,482
UTILITY CONNECTIONS 31 141 2,681
MARRIAGE LICENSES 20 85 1,320

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