VOL. 123 | NO. 235 | Tuesday, December 2, 2008
In a down economy, it’s critical to tout one’s strengths, which is why David Waddell of Waddell & Associates Inc. suggested the following slogan for the Regional Chamber in its attempts to attract new business to the city: “Memphis is Cheap. Move Here.”
Payday Lender Regulations Approved/Next Step In Fairgrounds Plan Charted
The Memphis City Council this evening affirmed its vote in Oct. to reject paying the legal fees of former Memphis Light Gas & Water Division president Joseph Lee.
The United States Trustee’s office is not convinced Shelby County Board of Commissioners member and former state lawmaker Henri Brooks should be allowed to wipe away most of her debt under Chapter 7 bankruptcy protection.
A Chicago real estate firm has bolstered its Memphis presence with another industrial acquisition, its fourth high-dollar deal in the past couple of years.
People who live and work in the community around LeMoyne-Owen College wonder if the person who killed Abdallah Assaedi last month is still in their midst.
Over the past couple of weeks, Shelby County Board of Commissioners member Mike Carpenter has met privately with at least six representatives of two high-powered lobbying firms that are working to counter a proposed local zoning ordinance.
WASHINGTON (AP) – The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.
2257 N. Germantown Parkway, Memphis, TN 38116, Sale Amount: $6.7 Million (combined) -
Four more tenant-in-common (TIC) partners have bought into the Countrywood Crossing shopping center at 2257 N. Germantown Parkway in Cordova, bringing the total to 30. All four warranty deeds, totaling $6.7 million, closed within the past three weeks.
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year.
NASHVILLE, Tenn. (AP) - Bridgestone Firestone North American Tire will layoff at least 158 employees at its plant in LaVergne due to a decrease in demand for passenger and light truck tires.
NEW YORK (AP) - The Thanksgiving shopping weekend may not have been the disaster some had feared, but unprecedented discounts and tempered buying likely resulted in overall soft sales as a buying binge on Friday quickly fizzled. Now, online retailers are ramping up deals to turn skittish shoppers into "Cyber Monday" spenders.
DETROIT (AP) - Ford Motor Co. is considering selling Volvo Car Corp. as the U.S. automaker seeks to raise cash and survive tight credit markets and a global automotive sales crisis.
KNOXVILLE, Tenn. (AP) - The University of Tennessee is turning down the heat on the Knoxville campus.