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VOL. 124 | NO. 228 | Thursday, November 19, 2009

CEO search at MED down to two

The search for a new chief executive officer to lead The Regional Medical Center at Memphis has been narrowed to two candidates.

Goodwyn Condos Shoved Back Into Marketplace

It didn’t take long for the Goodwyn Condominiums at 127 Madison Ave. to get back on track. Just two months after foreclosing on more than 80 percent of the historic building, First Tennessee Bank NA has taken steps to finish 21 unsold units and put them on the market.

Eye Docs Try To Recoup Losses After Rogue’s Actions

While Dr. Seth Yoser awaits sentencing on 35 counts of federal fraud charges, the physicians who turned him in are dealing with the damage to the Eye Specialty Group in East Memphis, where the ophthalmologist was a partner.

Wiggins Ready To Grab YLD Baton

Kyle M. Wiggins is ready to get behind the wheel.

Ford Wins Appointment as County Mayor

Joe Ford’s picture on the fourth floor of the Shelby County Administration Building came down minutes after he won the appointment Tuesday as interim Shelby County mayor.

Local Weather
Currently
Memphis, TN
68.0°F
Overcast and Breezy
Wind: from the South at 20.7 gusting to 31.1 mph
Humidity: 78%

EVENTS

Baker, Donelson, Bearman, Caldwell & Berkowitz PC will host a roundtable discussion titled “Resetting the Judicial Doctrine of Inequitable Conduct” today from noon to 1 p.m. at its Downtown office, 165 Madison Ave. The event is free. To register, contact Brittany Meeker at 577-2275 or bmeeker@bakerdonelson.com.

more events »

Former RMK Investor Awarded $700K

The former president of Yellow Cab Co. in Memphis has won almost $700,000 in damages in an arbitration claim against local brokerage firm Morgan Keegan & Co. Inc.

Charter Commission Elects Ellis Chair

As Shelby County Commissioners were appointing an interim county mayor this week, the Metro Charter Commission was working four floors above them at the County Administration Building in only its second meeting.

White Touches on Local Commercial Real Estate Market

Barry F. White, a member of Farris Bobango Branan PLC, has been named to the Best Lawyers in America 2010 edition in the area of Real Estate Law.

STATE LEGISLATURE

Bredesen Says He Won't Endorse in Dem Primary

CHATTANOOGA, Tenn. (AP) - Democratic candidates seeking the nomination to succeed Gov. Phil Bredesen will have do so without the incumbent's help.

Tenn. Lawmakers Approve Funding for Biofuels Plant

NASHVILLE, Tenn. (AP) - A legislative panel that drew the ire of Gov. Phil Bredesen for delaying approval of a contract to operate a biofuels plant in East Tennessee agreed Wednesday on funding for the project.

STATEWIDE

Bill Allocates $100M For Tenn. Military Facilities

CLARKSVILLE, Tenn. (AP) – More than $100 million could be coming to Tennessee under a spending bill for veterans programs and military construction projects approved by the Senate.

33,000 Calls Received at State Quit Smoking Line

NASHVILLE, Tenn. (AP) - State health officials say more than 33,000 calls have been received at a toll-free line created more than three years ago to help Tennesseans quit smoking.

NATIONAL BUSINESS

Medtronic Gets FDA Warning on Heart Implant Unit

NEW YORK (AP) - Medtronic reported Wednesday it is responding to a warning letter from the U.S. Food and Drug Administration about procedures at the Minnesota headquarters of its heart implants division.

Weak Homebuilding a Drag on Economic Recovery

WASHINGTON - The budding economic recovery isn't getting much help from the home-building industry, which normally creates jobs and drives growth when a recession ends.

Citi Raises Salaries for CFO, Global Markets Head

NEW YORK (AP) - Citigroup Inc. reported its chief financial officer and co-head of global markets are getting raises, while CEO Vikram Pandit will continue to collect a salary of $1 per year.

Wells Fargo Agrees to Buy Back Soured Securities

NEW YORK (AP) - The North American Securities Administrators Association says Wells Fargo has agreed to repurchase about $1.3 billion in soured auction-rate securities from clients.

Lawmakers Seek Fed Audit after Critical AIG Report

WASHINGTON (AP) - A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group Inc.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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