VOL. 125 | NO. 244 | Thursday, December 16, 2010
FedEx Corp., the world’s second-largest package delivery company, said its profit fell 18 percent during the Memphis-based shipper’s fiscal second quarter.
Electrolux to invest $190M in Memphis oven plant
With a mock kitchen as a backdrop, Tenn. Gov. Phil Bredesen led state and local civic and elected figures in announcing that Electrolux, a Swedish manufacturer of appliances, will build a $190 million manufacturing plant in Memphis.
Chancellor Walter Evans denied a motion Thursday that would have stopped work on Union Avenue United Methodist Church as the site of a new CVS drug store.
Pinnacle Airlines Corp. has signed a long-term lease at One Commerce Square, the Downtown tower where Pinnacle is relocating its corporate headquarters and several hundred employees.
While the holidays typically slow down the pace of building new homes, November’s permits took a bigger hit than usual as the industry continues to work through the recession.
The Memphis-Shelby County Industrial Development Board (IDB) has approved a three-year, $2.4 million PILOT (payment in lieu of taxes) for a Memphis window coverings company to move from the Sycamore View-Interstate 40 area to the Airport Industrial Park area.
A search is under way for a new top executive to lead the Memphis Inter-Faith Association.
At the end of a busy political year, the annual dinner of the local chapter of National Association of Women Business Owners included several kinds of survivors.
Amy Weirich wasted no time and used few words the day her appointment as District Attorney General was announced.
As a student at the University of Memphis’ Cecil C. Humphreys School of Law in the mid-1970s, Charlie Hill never suspected the word “tweet” would become part of his lexicon.
Ray’s Take: Online banking has definitely reduced the tedium of managing daily finances. It eliminates that self-perpetuating stack of bills sprawling across the desk like Jabba the Hutt.
Suppose you decide that you want a pet. You know exactly what you want. You want your pet to bark, wag its tail, get excited when it sees you, and fetch sticks when you throw them across the yard.
NASHVILLE (AP) – House Democrats have made a change in leadership after losing 14 seats in November's elections.
NASHVILLE (AP) — State Comptroller Justin P. Wilson will recommend Wednesday that the State Funding Board adopt a model debt management policy for governmental entities throughout Tennessee.
CHATTANOOGA (AP) – Exiting Republican Congressman Zach Wamp took a verbal jab at "divisive" round-the-clock television news and said he is talking to TV executives about possibly moderating a new national political show.
NASHVILLE (AP) – A new study from the Center for Education Policy found Tennessee students are doing better than most when it comes to closing achievement gaps.
LOS ANGELES (AP) – Builders are feeling pessimistic over the housing market's prospects in the near future.
NEW YORK (AP) – Applications for mortgages fell last week as higher mortgage rates chased borrowers away.
STOCKHOLM (AP) – Swedish appliance maker Electrolux AB says it plans to cut 2,100 jobs in Europe and Canada in the next three years as it continues to trim its costs.
NEW YORK (AP) – A research firm is raising its holiday spending forecast for the second time in a matter of weeks as more data shows a bigger-than-expected surge in buying in November. That early surge is likely to offset a disappointing start to December.
PORTLAND, Ore. (AP) – A California mother and The Center for Science in the Public Interest have sued McDonald's Corp. trying to get the fast-food chain to stop using toys to market meals to young children.
WASHINGTON (AP) – U.S. factory output grew for the fifth straight month in November, adding to evidence that manufacturing remains an engine of economic growth.
ATLANTA (AP) – The Coca-Cola Co. said on Wednesday that its offer to buy back up to $1.6 billion in debt expired on Tuesday after investors offered to sell back $1.05 billion in notes.
WASHINGTON (AP) – The Senate has passed a sweeping tax package that would save millions of Americans thousands of dollars in higher taxes for the next two years while also reducing their Social Security taxes and extending jobless benefits.
WASHINGTON (AP) – President Barack Obama, trying to boost anemic job creation and improve testy relations with the corporate community, said Wednesday he wants ideas from business leaders on how to “seize the promise of this moment.”