VOL. 123 | NO. 228 | Thursday, November 20, 2008
Mortgage meltdown. Credit crunch. Financial fallout.
Robert Lipscomb thinks the way to fight the foreclosure crisis in Memphis and Shelby County is to view it as part of a triage program.
It may have been the most important debate the Memphis City Council has had since the group of 13 took office in January. And it may affect the way council members see each other for quite some time.
The U.S. Department of Justice has sent a subpoena to medical device maker Medtronic Inc. as part of an investigation into unapproved, or “off-label,” uses of its Infuse spinal graft.
Memphis Area Legal Services, the University of Memphis’ Cecil C.Humphreys School of Law and the Shelby County Drug Court have been named beneficiaries of a $305,000 legal settlement.
A newly formed joint venture between Weingarten Realty Investors and Hines Real Estate Investment Trust (REIT), both of Houston, has bought a majority share of two local Kroger-anchored retail centers for a combined $41.6 million.
The topic at the inaugural luncheon of the Memphis Bioworks Business Association was how to get new drugs tested, manufactured and approved, but the purpose was networking.
Donald Donati, a partner at the Donati Law Firm LLP, recently was honored by Business Tennessee magazine as being one of the “150 Best Lawyers in Tennessee.”
WASHINGTON (AP) – Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount.
LOS ANGELES (AP) - Nissan Motor Co. and Renault SA Chief Executive Carlos Ghosn said Wednesday that he expects the current crisis in the auto industry will soon lead some carmakers to consolidate.
NEW YORK (AP) - Citigroup Inc. said Wednesday it is acquiring the remaining $17.4 billion in assets held by structured investment vehicles it already supports, as the bank moves to unwind the troubled funds.
NASHVILLE, Tenn. (AP) - Tennessee officials say they were aware of the state's high premature birth rate before the March of Dimes gave it a failing grade and they are working toward higher marks.
WASHINGTON (AP) - Top Senate Democrats suggested Wednesday that a bill to rescue Detroit's Big Three automakers was stalled and challenged the Bush administration to take steps to save the industry if congressional efforts falter. The White House quickly rebuffed the suggestion.
BELLEVUE, Wash. (AP) - Microsoft Corp. is no longer interested in buying all of Yahoo Inc., CEO Steve Ballmer said Wednesday, though he told shareholders that the company would still be "very open" to a collaboration on Internet search. His comments sent Yahoo shares diving by 19 percent.
CHICAGO (AP) - Associates of Hillary Rodham Clinton and her husband say the former first lady is weighing whether to leave the Senate and become secretary of state, believing the job is hers if she wants it.
LITTLE ROCK, Ark. (AP) - Stories of alleged beatings and sexual abuse prompted Arkansas child-welfare officials to take custody of 20 more children associated with the Tony Alamo Christian Ministries, an official said Wednesday.