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VOL. 124 | NO. 251 | Wednesday, December 23, 2009

State Plans More Funding Cuts for MED

As officials at the Regional Medical Center at Memphis try to find solid footing for the hospital’s current financial woes, they worry about the quicksand that lies ahead.

Search Under Way For Center City Head

A search committee of Center City Commission officials will meet next month to talk about the first step in finding a replacement for the Downtown agency’s departing president.

Merry Balloting During Today’s Early Voting

As last-minute Christmas shoppers begin their tradition, early voters will be going to the polls.

Logistics Outfits Weather Rough ’09

All things considered, the local logistics sector fared better than many industries during 2009 as the recession claimed casualties throughout the U.S. Granted, some logistics, distribution and transportation companies suffered layoffs and closures, but the overall outlook is as bright as can be expected during these bleak times.

Mexican Drug Violence Linked to Memphis Case

As a team of commandoes closed in on a Mexican drug lord last week, attorneys were meeting in Memphis to begin determining the fate of five men allegedly tied closely to the cartel.

Local Weather
Currently
Memphis, TN
48.0°F
Mostly Cloudy
Wind: Southeast at 5.8 mph
Humidity: 52%

EVENTS

The Memphis Bar Association will present a continuing legal education seminar titled “Summary Judgment in Tennessee, Yesterday, Today and Tomorrow” today from 9 a.m. to 12:15 p.m. at the MBA office, 80 Monroe Ave., Suite 220. To register, visit www.memphisbar.org.

more events »

Fired CEO Sues Luminetx

Richard Kindberg, the former chief executive officer of Luminetx Corp., is suing the company after being fired this month following the announcement of a buyout.

Rhea Receives WKNO’s Distinguished Service Award

Stephen H. Rhea has received the Julian Bondurant Distinguished Service Award from WKNO Public Broadcasting.

STATEWIDE

Talley New Head of Tenn. Safety Department's CID

NASHVILLE, Tenn. (AP) - Law enforcement veteran Danny W. Talley has been promoted to director of the Tennessee Department of Safety's Criminal Investigation Division.

TVA Coal Ash Spill has Hundreds Suing for Damages

CHATTANOOGA, Tenn. (AP) - Hundreds of people sued the Tennessee Valley Authority for damages before the one-year deadline to file personal injury claims related to the huge coal ash spill at Kingston.

NATIONAL BUSINESS

Recovery Not as Strong As Previously Thought

WASHINGTON (AP) – The U.S. economy grew at a 2.2 percent pace in the third quarter, as the recovery got off to a weaker start than previously thought. However, all signs suggest the economy will end the year on stronger footing.

Berkshire Hathaway Names Comcast's Burke to Board

OMAHA, Neb. (AP) - Billionaire Warren Buffett's Berkshire Hathaway Inc. on Tuesday named Stephen Burke, the chief operating officer of Comcast Corp., to its board of directors.

Obama: Big Opportunities for Businesses to Grow

WASHINGTON (AP) - Sounding a friendly tone to the nation's community bankers, President Barack Obama on Tuesday said the White House will seek to cut bureaucratic restrictions so that local lenders can help businesses seize "enormous opportunities" for growth after bleak times.

Report: FBI Probes Hacker Attack on Citigroup

WASHINGTON (AP) - The FBI is investigating a hacker attack on Citigroup Inc. that led to the theft of tens of millions of dollars, The Wall Street Journal reported Tuesday.

NATIONAL POLITICS

White House Picks New Cyber Coordinator

WASHINGTON (AP) - The White House has tapped a corporate cyber security expert and former Bush administration official to lead the effort to shore up the country's computer networks and better coordinate with companies that operate 80 percent of those critical systems.

Court: Microsoft Violated Patent; Can't Sell Word

WASHINGTON (AP) - A federal appeals court on Tuesday upheld a $290 million judgment against Microsoft Corp. and issued an injunction that will prevent the sale of its popular Word software.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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