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VOL. 123 | NO. 253 | Monday, December 29, 2008

Payday Lenders Likely to Meet Fate in Jan.

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 Shift Means Less Control For GM, Cerberus

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.

King Must Sell Kadian Assets to Buy Alpharma

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.

April House Combines Fun With Food

Foreclosure can be a new beginning if you persevere.

Retailers Slash Prices To Entice Holiday Shoppers

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.

Wal-Mart to Start Selling Apple's iPhone on Sunday

BENTONVILLE, Ark. (AP) - Wal-Mart will start selling Apple's popular iPhone on Sunday, the chain said, confirming earlier reports by employees.

Amazon Says 2008 Holiday Season was 'Best Ever'

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.

Giving in Tough Times Balancing Act for Companies

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.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 96 173 11,698
MORTGAGES 95 174 13,601
FORECLOSURE NOTICES 19 19 1,877
BUILDING PERMITS 291 387 24,551
BANKRUPTCIES 65 118 7,591
BUSINESS LICENSES 29 60 3,972
UTILITY CONNECTIONS 35 84 4,765
MARRIAGE LICENSES 18 38 2,582

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