VOL. 123 | NO. 196 | Tuesday, October 7, 2008
Over the past several months, construction has appeared to progress slowly or not at all at the Cordova property where topless-nightclub businessman Steve Cooper is building what he says will be a restaurant.
A Florida development company absent from the Memphis market for the past few years is returning to the area with plans to develop outparcels at a Collierville retail center and a Germantown hotel.
It’s called a single source funding district – the plan that Memphis City Schools Superintendent Kriner Cash and Shelby County Schools Superintendent Bobby Webb unveiled last week.
Memphis Mayor Willie Herenton’s latest consolidation call goes to a special joint meeting of the Memphis City Council and the Shelby County Board of Commissioners today.
5280 E. Shelby Drive, Memphis, TN 38118, Permit Amount: $1.6 Million -
BNSF Railway Co. has filed a $1.6 million application for permit with the city-county Department of Construction Code Enforcement to build a “hostler” fueling facility, which services the trucks moving cargo containers and trailers within the railroad’s facility.
SPRINGFIELD, Ill. (AP) – Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes.
CHARLOTTE, N.C. (AP) – Hartford Financial Services Group Inc. said Monday it will receive a $2.5 billion investment from Allianz SE.
WASHINGTON (AP) - The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe.
INDIANAPOLIS (AP) - Eli Lilly & Co. has agreed to buy biotechnology company ImClone Systems Inc. for more than $6 billion in a deal that would expand Lilly's cancer treatment pipeline a few years before several patent expirations hit the drug maker.
CINCINNATI (AP) - As Wall Street reeled and global markets plunged, President Bush on Monday said the U.S. economy is going to be "just fine" in the long run. But he cautioned that the massive rescue plan will take time to work.