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VOL. 123 | NO. 255 | Wednesday, December 31, 2008

Wright Medical Poised for Growth

Wright Medical Group Inc. will introduce new products in the year ahead as it continues to expand its manufacturing operations, said Gary D. Henley, the company’s president and chief executive officer.

Ritz Laments Pressure on County Government

Shelby County Board of Commissioners member Mike Ritz – a licensed real estate broker and former head of the Memphis and Shelby County planning office – was not happy.

G’Town Alderman Pushes For Community Foundation

Germantown alderman Mike Palazzolo in early January will ask the city’s Mayor and Board of Aldermen to launch a nonprofit community foundation to provide funding for charitable and civic organizations within the city.

December Consumer Confidence Drops to All-Time Low

NEW YORK (AP) – Consumer confidence hit an all-time low in December, dropping unexpectedly in the face of layoffs and deteriorating markets for housing, stocks and other investments.

Tenn. Hospitals to Cut Staff, Services

NASHVILLE, Tenn. (AP) – More than half of the 82 hospitals that responded to a recent Tennessee Hospital Association survey have already cut staff, in the face of rising costs and tight revenue, with most of the rest considering cuts.

Local Weather
Currently
Memphis, TN
75.0°F
Partly Cloudy
Wind: South at 3.5 mph
Humidity: 96%

EVENTS

Jim’s Place East, 5560 Shelby Oaks Drive, will be open today. The restaurant will turn 88 in 2009 and will offer signature dishes during lunch and dinner. For reservations, call 388-7200, Ext. 4.

more events »

Leonard Joins Madison Hotel As Director of Sales

Liese Leonard recently joined the Madison Hotel as director of sales.

Judge Rules Against WaMu Confidentiality Request

WILMINGTON, Del. (AP) - A federal bankruptcy judge on Tuesday denied a request by Washington Mutual Inc. to keep details of certain asset sales secret.

GMAC Receives $5B in Bailout Funds

WASHINGTON (AP) - The Treasury Department said that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., in a move that's expected to stave off a bankruptcy protection filing at the company but also severely limit GM's control over it.

SEC's Enforcement Accountant to Leave Next Month

WASHINGTON (AP) - The top accountant in the Securities and Exchange Commission's enforcement branch is leaving for a private sector job next month, in what could herald a wave of departures from the embattled agency.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
FORECLOSURE NOTICES 19 63 2,202
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926
BUSINESS LICENSES 23 136 4,701
UTILITY CONNECTIONS 23 141 5,534
MARRIAGE LICENSES 15 88 2,982

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