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VOL. 123 | NO. 223 | Thursday, November 13, 2008

Methodist Takes Olive Branch Request to Legislature

Methodist Le Bonheur Healthcare will seek direct approval from the Mississippi Legislature for a new $151 million hospital in Olive Branch instead of going through the normal process of obtaining a certificate of need from the state’s Department of Health.

Retailers With Strong Local Ties Report Losses

More signs of economic woe appeared Wednesday with news of sagging sales from retail behemoths Macy’s Inc. and Best Buy Co., both of which have a significant presence in Memphis.

Oct. Home Sales Down Almost 23% From Last Year

The real estate market has been plagued for more than a year by waning consumer confidence, declining home values, tightening credit and rising foreclosures. That perfect storm of housing gloom showed no signs of reprieve in October, as Shelby County’s home sales suffered another dropoff from the same month a year ago.

Delta to Launch New Memphis Flights

ATLANTA (AP) - Fresh off its acquisition of Northwest Airlines, Delta Air Lines Inc., the world's biggest carrier, said Wednesday it plans to add 15 new international routes starting next spring, though it's unclear whether that will mean another year of big capacity growth outside the U.S. as the carrier will cut frequencies on other routes.

Le Bonheur Grows Chaplain Staff

Le Bonheur Children’s Medical Center has doubled its chaplain staff and expanded training so hospital workers can be more sensitive and responsive to families in stress.

Local Weather
Memphis, TN
A Few Clouds
Wind: Southwest at 3.5 mph
Humidity: 79%


The Memphis Area Legal Services will hold its first MALS Fundraiser today from 5 p.m. to 8 p.m. at Bardog Tavern, 73 Monroe Ave. Give a suggested donation of $10 at the door to MALS and get complimentary cocktails.

more events »

Comment Period Open For Civil Rights Museum Renovation

The board of directors of the National Civil Rights Museum has known for a few years that the facility needs a renovation.

Local NBA Chapter Welcomes New Officers, Board

The Ben F. Jones chapter of the National Bar Association on Saturday will present its new officers and board members at its annual Barristers’ Ball, a combined ceremony and fundraiser, at the Memphis Botanic Garden.

Paulson Says Troubled Assets Will Not Be Purchased

WASHINGTON (AP) – The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets.

Berkenstock Discusses Effect of Bilski Opinion on Patent Law

H. Roy Berkenstock is a member of Wyatt, Tarrant & Combs LLP’s Intellectual Property Protection and Litigation Service Team. He practices in the areas of domestic and international patents, trademarks, copyrights and licensing.

Morgan Stanley Unveils Job Cuts

NEW YORK (AP) - Morgan Stanley on Wednesday outlined plans to cut 10 percent of staff in its biggest business, which covers everything from investment banking to stock trading.

Baucus Wants to Overhaul Health Care in '09

WASHINGTON (AP) - The chairman of the Senate Finance Committee intends to push Congress to overhaul the nation's health care system during the first six months of next year.

Yum Brands Cutting Several Hundred Jobs

LOUISVILLE, Ky. (AP) - Fast-food company Yum Brands Inc. said Wednesday it will eliminate several hundred jobs and shift up to a couple hundred more as part of a restructuring of its sluggish U.S. business.

IBM to Help Build Broadband Network in Power Lines

NEW YORK (AP) - IBM Corp. is throwing its considerable weight behind an idea that seemed to have faded: broadband Internet access delivered over ordinary power lines.

Gov't Considers Changes to Mortgage Program

WASHINGTON (AP) - The government may allow more borrowers to qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones.

Pelosi Supports New Help for Ailing US Automakers

WASHINGTON (AP) - Democratic congressional leaders want Congress to work in a lame duck session on a financial bailout for the troubled U.S. auto industry, which is suffering under the weight of poor sales, tight credit and a sputtering economy.

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