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VOL. 124 | NO. 243 | Friday, December 11, 2009

UPDATE: GTx Announces Lay-Offs

GTx said today it laid off 28 percent of its work force, a reduction that is a direct result of the U.S. Food and Drug Administration’s decision on Oct. 30 to not grant approval of a drug the Memphis-based company is developing.

Luminetx Sale To Christie Approved

The shareholders of Luminetx Corp. voted today to sell the company for $15 million to Christie Digital Systems Inc., said Herb Zeman, the company’s founder and one of its largest shareholders.

Overton Square Developers Ready for Next Step

It’s crunch time for the future of Overton Square, the 10-acre Midtown landmark where a new retail development anchored by a big-box grocery store has been proposed.

Apartments Could Fill Former Mongo Nightclub Space

Downtown officials soon might be able to scratch a cluster of properties on Cotton Row off the area’s list of Big Empties.

Latest Public Housing Options Unveiled at Levi Road

Batsell Booker remembered the excitement he felt in 1972 when his family moved to public housing on Horn Lake Road in Southwest Memphis.

Residential Building Heats Up in November

Arlington is back in the news, although this time it has nothing to do with Mayor Russell Wiseman posting remarks on his Facebook page about President Obama and “A Charlie Brown Christmas” television special.

Synk Helps Business Leaders Share Ideas

Going it alone probably isn’t the wisest trek for trudging through a recession, so Michael Synk helps executives lead each other through economic uncertainties and past potential pitfalls.


Lambuth University Welcomes Extended Probation

JACKSON, Tenn. (AP) - Lambuth University officials say the school's probationary status will give the university time to deal with finances.

No Scrimping on Christmas Trees This Year

NASHVILLE, Tenn. (AP) - Some families may be cutting back on expensive Christmas gifts under the tree this year, but they aren't settling for a limp Charlie Brown sapling for the holidays.


Swine Flu Vaccine Available to Everyone in Miss.

JACKSON, Miss. (AP) - State health officials say the swine flu injectable and nasal mist vaccines are now available to the general public.

Miss. Trying Kiosks for License Renewals

JACKSON, Miss. (AP) - Motorists in six Mississippi cities this month can renew licenses at kiosks, which would operate similar to automated teller machines.


Exports Up For Sixth Straight Month

WASHINGTON (AP) – The economic recovery is likely to draw strength from exports such as farm products, autos, aircraft and industrial machinery – all of which helped lower the nation’s trade deficit in October.

CIT Shares Jump in First Trading after Bankruptcy

NEW YORK (AP) - CIT Group Inc. shares jumped Thursday in the lender's first day of trading after emerging from bankruptcy protection.


Only 10K Permanent Loan Modifications as of Oct.

WASHINGTON (AP) - Only about 10,000 homeowners received permanent loan modifications this fall under the Obama administration's mortgage relief plan, more evidence of serious failings in the government's effort to stem the foreclosure crisis.


Big Spending Measure Set for House Vote Riles GOP

WASHINGTON (AP) - The House Thursday passed a huge spending measure combining major spending boosts for domestic agencies and foreign aid with more than 5,000 back-home projects sought by lawmakers.

Black Lawmakers Grow Impatient with White House

WASHINGTON (AP) - Black lawmakers who have largely held their tongues during President Barack Obama's first year in office are stepping up their demands that the nation's first black president do more for minority communities hit hardest by the recession.

Federal Budget Deficit for November Hits $120.3B

WASHINGTON (AP) - The federal deficit for the first two months of the new budget year is piling up faster than last year's record imbalance.

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PROPERTY SALES 92 280 9,849
MORTGAGES 105 287 11,601
BUILDING PERMITS 247 575 20,885
BANKRUPTCIES 44 163 6,600

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