VOL. 123 | NO. 224 | Friday, November 14, 2008
The homebuilding industry suffered another period of slower sales and fewer starts in October, signaling a continued crisis in the housing market.
Lobbyists representing check-cashing businesses, payday lenders and auto title loan shops are meeting with Memphis and Shelby County lawmakers to voice their concerns over a proposed zoning ordinance designed to curb their growth.
The Shelby County Board of Commissioners’ vote on a development agreement for Bass Pro Shops at The Pyramid will probably be close Monday if this week’s vote by a committee is any indication.
A white supremacist charged with plotting a killing spree that would include President-elect Barack Obama wants his indictment dismissed, arguing that the federal grand jury that charged him had too many black members.
About 150 people involved in agribusiness came to Memphis this week for an alternative crops conference, including a sizeable contingent of farmers.
Craig Cooley compares the aftermath of a wrongful criminal conviction to the aftermath of a train crash.
NEW YORK (AP) – Wal-Mart Stores Inc. reported a 10 percent increase in third-quarter profit Thursday but trimmed its profit outlook because of the troubled global economy and the renewed strength of the dollar.
WASHINGTON (AP) – Applications for unemployment benefits soared to the highest level since just after the Sept. 11, 2001, terrorist attacks while the trade deficit shrank more than expected as demand for imports plunged, further evidence of the struggling U.S. economy.
WASHINGTON (AP) – Some of the nation's largest banks sharing in the $700 billion government bailout of the financial industry tried to assure lawmakers Thursday they are using the money to make more loans and help financially strapped homeowners avoid foreclosure.
WASHINGTON (AP) – The federal government began the new budget year with a record deficit of $237.2 billion, reflecting the billions of dollars the government has started to pay out to rescue the financial system.
WASHINGTON (AP) – Congressional Democrats are marshaling support for a rescue package to pump $25 billion in emergency loans to U.S. automakers in exchange for a government ownership stake in Detroit's car companies.
PITTSBURGH (AP) – United States Steel Corp. said Thursday it is laying off 677 workers in the United States and Canada because of lower demand for steel amid the economic downturn.
WASHINGTON (AP) – Business groups are seeking to use this weekend's international economic summit to put their stamp on any regulatory reform that could be adopted in the wake of the global financial crisis.
LONDON (AP) – The world's developed countries, hard hit by the financial crisis, have probably tipped into a recession that will last at least through the first half of 2009, according to new projections issued Thursday.
NEW YORK (AP) – CIT Group is applying to the Federal Reserve to become a bank holding company.
NASHVILLE, Tenn. (AP) – Tennessee has chosen Zycron Inc. as its primary vendor to provide information technology services for the state for a company estimate of $30 million.