VOL. 125 | NO. 228 | Tuesday, November 23, 2010
As Memphis City Council members close out the third year of their current four-year term of office, the 13-member body continues to deal with the fallout from one of the first major actions the council approved.
City Market opening to Downtowners’ delight
It’s only a matter of days before Downtowners can start bringing their grocery lists to the corner of Main Street and Union Avenue.
MINNEAPOLIS (AP) — Medtronic's fiscal second-quarter net income fell 35 percent as legal and other costs outpaced weak gains in medical device sales, but adjusted results met Wall Street expectations.
MEMPHIS (AP) — Fred's Inc. said Tuesday that its third-quarter net income surged 56 percent, partly because of its improved merchandise mix and remodeled and upgraded stores.
Votes Down Twitter Ban
Shelby County Commissioners approved the framework for a voluntary consolidated information technology (IT) system in county government. But the commission also voted down creating the position of Chief Information Officer (CIO) to oversee the more coordinated system.
While many real estate agents advise homebuyers to address a home’s problems before closing on it, the Federal Housing Administration has a different approach.
The new chairman of the Greater Memphis Chamber told attendees at the annual Mid-South Minority Business Council awards luncheon that minority business is about more than “the spend.”
Lured by the Memphis Academy of Health Sciences choir’s high-energy gospel rendition of “O Come All Ye Faithful,” a lunchtime crowd of curious onlookers filtered into the center of Oak Court Mall Friday during the official launch of the Salvation Army’s Angel Tree program.
8199 Poplar Ave., Germantown, TN 38053, Permit Amount: $19 million -
Plans are moving forward for a 182-unit senior living facility at 8199 Poplar Ave. east of Kimbrough Road in Germantown, with a building permit recently filed with the city-county Office of Construction Code Enforcement.
Advantage USA The currency “cold war” between the U.S. and China is heating up. President Barack Obama’s recent trip to China resulted in a bruised ego and little economic compromise. U.S. Treasury secretary Timothy Geithner fruitlessly chastises China for their hesitance to appreciate the yuan. The House of Representatives loaded the tariff cannon with import duties to offset any perceived currency advantages. Where Obama, Geithner and Congress have failed in their efforts to politic the yuan higher, Federal Reserve chairman Ben Bernanke may be succeeding. My conspiracy theory that the target of QE2 was not inflation, interest rates or unemployment rates, but the Chinese yuan, looks more plausible after these recent comments from Bernanke:
The Memphis City Council will meet today at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.
NEW YORK (AP) – Thomas & Betts Corp. said Monday it sold its communications products business to Belden Inc. for $78 million in cash.
A burned investor in Morgan Keegan & Co. Inc.’s former family of soured bond funds has along with his wife won a seven-figure arbitration award against the Memphis investment banking firm.
NASHVILLE (AP) – A new program is seeking to improve the leadership skills of people in state government.
CAPE CORAL, Fla. (AP) – Across the nation, troubled homeowners have cheered the news that some banks are slowing the foreclosure process to review questionable documents. Then there are places like Lee County, Fla., where not everyone is applauding.
LOUISVILLE, Ky. (AP) – Health insurer Humana Inc. plans its first broad foray into health care delivery in nearly two decades with its intended purchase of Concentra Inc. in an approximately $790 million cash deal announced Monday.
NEW YORK (AP) – Shoppers spent a bit more in early November, raising retailers’ spirits about the holiday season right before it kicks into high gear.
WASHINGTON (AP) – Health insurance premiums should go for actual medical care – not insurers’ overhead and profits – the Obama administration said Monday in rules that for the first time require the companies to give consumers a rebate.