VOL. 123 | NO. 236 | Wednesday, December 3, 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.”
Less than 24 hours after the Memphis City Council voted 7-6 against paying the legal bills of former Memphis Light, Gas and Water Division chief Joseph Lee, his attorney said Lee is headed to court.
Council Approves Payday Lender Regs/Fairgrounds Plan Vote Scheduled
The bill for Lee’s legal defense in a grand jury probe that led to his indictment as well as a hearing before the council came to $426,422. The corruption charges were later dropped by federal prosecutors.
A political changing of the guard will bring new courtiers to Nashville’s Legislative Plaza.
Self-insuring for health care may sound like a scary concept, but it can save money for small businesses as well as individuals.
One chapter in the continuing saga of the New Horizon Park apartments has been closed, but more twists are likely coming for the embroiled property.
ATLANTA (AP) – Delta Air Lines Inc. hinted Tuesday that more job cuts could be on the way as it disclosed that it will reduce consolidated system capacity by 6 percent to 8 percent in 2009, compared to the current year.
WASHINGTON (AP) – Ford Motor Co. is asking Congress for a $9 billion “stand-by line of credit” to stabilize its business, but says it doesn’t expect to tap it.
Craig Dillihunt has joined nonprofit financial institution Southeast Community Capital as assistant fund manager for the Memphis Business Opportunity Fund, a partnership between the city of Memphis, local banks and SCC.
WASHINGTON (AP) – The Federal Reserve has extended the life of key programs aimed at busting through credit clogs and restoring stability to financial markets.
NEW YORK (AP) – The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC.
PHILADELPHIA (AP) – President-elect Barack Obama pledged quick work Tuesday on an economic recovery plan to include tax cuts and increased federal spending, and told the nation's governors he wants their advice in designing a package to help their hard-hit states.
MIAMI (AP) – Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed.