VOL. 123 | NO. 253 | Monday, December 29, 2008
The new year will bring with it new rules governing where certain kinds of short-term lending businesses are allowed to operate in Memphis and Shelby County.
GMAC Financial Services’ transition into a bank holding company should buy the troubled lender some time to turn itself around, but the cost is a loss of control for its owners General Motors Corp. and Cerberus Capital Management. It also raises a number of questions, including who will control GMAC going forward and how much its business model might change.
BRISTOL, Tenn. (AP) - King Pharmaceuticals Inc. said Friday it will be allowed to buy Alpharma Inc. provided it sells some assets related to Alpharma's painkiller Kadian.
Foreclosure can be a new beginning if you persevere.
Shoppers hit the stores Friday to return unwanted gifts and take advantage of drastic price cuts offered by retailers desperate to get rid of old merchandise and boost their less-than-cheery holiday sales.
BENTONVILLE, Ark. (AP) - Wal-Mart will start selling Apple's popular iPhone on Sunday, the chain said, confirming earlier reports by employees.
SEATTLE (AP) - Amazon.com Inc. said Friday that the 2008 holiday season was the online retailer's "best ever," with more than 6.3 million items ordered and 5.6 million units shipped during its peak day on Dec. 15.
CINCINNATI (AP) - She sat patiently in her wheelchair, as scurrying volunteers gathered ham, a turkey, canned goods, bread, and bags of potatoes, apples and pungent onions in a storeroom with sporadic drafts of frigid air from outside.