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VOL. 123 | NO. 219 | Friday, November 7, 2008

City, County May Sue Predatory Lenders

Government leaders are discussing the possibility of taking legal action against mortgage companies they say have contributed to abusive loans in local communities.

Final Unofficial Shelby County Election Results Posted

Includes Updated Charter Referendum Totals

The count shows over 400,000 Shelby County voters participated -- a record setting turnout for Shelby County in the most popular election cycle historically with local voters. However, it amounted to a 62 percent voter turnout for Shelby County.

Charter Commission Work Not Finished Yet

Memphis Charter Commission Chairman Myron Lowery called it “the day after.”

GTx Outlines Drug Pipeline

Executives at Memphis-based GTx on Thursday morning explained a promising pipeline of potential drug therapies that are moving closer to FDA approval and attracting investment partnerships from big pharmaceutical companies.

Longer-Term Jobless Benefits Hit 25-Year High

WASHINGTON (AP) – The number of out-of-work Americans continuing to draw unemployment benefits has surged to a 25-year high, while shoppers have turned extra frugal, further proof of the damage from sinking economy, credit problems and financial stresses.

Local Weather
Currently
Memphis, TN
61.0°F
Mostly Cloudy
Wind: South at 9.2 mph
Humidity: 34%

EVENTS

The Memphis Regional Chamber will hold a leadership luncheon today from 11:30 a.m. to 1 p.m. at the Holiday Inn-University of Memphis, 3700 Central Ave. Dr. Hershel Wall, chancellor of the University of Tennessee Health Science Center, will speak. For reservations, contact Tunga Lee at 543-3571 or tlee@memphischamber.com.

more events »

Administration Speeds Up On Economic Problems

WASHINGTON (AP) – At a time when most administrations are slowing down, the Bush White House appears to be speeding up – at least when it comes to getting the $700 billion financial rescue program up and running.

New Robot Fills I.V. Prescriptions At Methodist

Officials at Methodist University Hospital expect to save $550,000 a year and lessen the risk for error with a new robot that fills I.V. prescriptions in the pharmacy.

Hagan Brings Sustainable Work To Bredesen’s Energy Task Force

As Joey Hagan quickly points out, sustainable architecture isn’t a new concept or the latest fad. “Green building” has been around since the 1920s, when architects designed skyscrapers and other structures with principles that permeate today’s eco-friendly landscape.

Commercial Paper Rises for Second Straight Week

NEW YORK (AP) - The Federal Reserve says the amount of commercial paper in the market has increased for the second straight week, but at a slower pace.

Bush Sets Oval Office Meeting with Obama

WASHINGTON (AP) – President Bush and Barack Obama on Monday will hold their first substantive talks about the nation's daunting priorities as the transition to a Democratic administration accelerates.

Retail Groups to Lobby Against Pro-Labor Bill

NEW YORK (AP) - With Barack Obama's election as president and Democrats controlling Congress, retailers and industry trade groups are bracing for a fight on Capitol Hill next year against legislation that would make it easier to unionize workers.

Wal-Mart October Same-Store Sales Rise

BENTONVILLE, Ark. (AP) - Wal-Mart Stores Inc., the world's largest retailer, said Thursday its low-price focus and sales of Halloween merchandise boosted October same-store sales by 2.4 percent, ahead of expectations.

Obama and Economic Advisers to Meet Friday

CHICAGO (AP) – Barack Obama planned his first public appearance since his presidential victory for Friday – a meeting with economic advisers to discuss the nation's financial woes that Americans listed as their top concern on Election Day.

AT&T Buying Wayport, Adding Free Hotel Hotspots

NEW YORK (AP) – AT&T Inc. said Thursday it will buy Wayport Inc., a privately held company that operates more than 10,000 Wi-Fi hot spots in McDonald's restaurants and hotels, for $275 million in cash.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 331 19,904
MORTGAGES 0 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 1 232 13,336
BUSINESS LICENSES 0 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 0 94 4,936

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The Memphis News: Business, politics, and the public interest.