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VOL. 123 | NO. 237 | Thursday, December 4, 2008

Lee To Sue Over Legal Fees Denied By Council

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.

Small-Pharmacy Owners Urge Changes

The third of the month is one of the busiest days for Super Drugs in Somerville, but owner Whit Middlecoff set aside time Wednesday afternoon to talk to U.S. Rep. Marsha Blackburn about government policies that cause hardships for his small business.

Employment Lawyers, Businesses Face Law Changes

Employment and labor lawyers throughout the country – along with businesses of all sizes – are facing changes to existing and proposed legislation.

Economic Forum Gives Insight Into Local, Global Crisis

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.”

Author to Speak About Jackson Bio

Newsweek editor Jon Meacham will be in Memphis Friday to promote his new book, the subject of which is the nation’s seventh president and a central figure in the formation of Memphis.

Local Weather
Currently
Memphis, TN
77.0°F
Fair
Wind: Southeast at 3.5 mph
Humidity: 69%

EVENTS

The Memphis Bar Association will host a luncheon today from noon to 1:30 p.m. at The Peabody hotel, 149 Union Ave. The luncheon will feature a presentation of the Judge Jerome Turner Lawyer’s Lawyer Award to Al Harvey and the Sam A. Myar Jr. Memorial Award to Kirk Caraway. For more information, call 527-3573.

more events »

Lipscomb Calls for Streamlining In Project Approvals

The remake of The Pyramid and the makeover of the Mid-South Fairgrounds are two very different undertakings.

Auditors Fault Treasury Policing of Bailout Funds

WASHINGTON (AP) – Lawmakers want the U.S. Treasury Department to insist that banking institutions sharing in the $700 billion bailout comply with limits Congress imposed on executive salaries and use the money for its intended purposes.

Mathis Named to Ben F. Jones Board

Andre Mathis, a lawyer at Glankler Brown PLLC, recently was named to the National Bar Association’s Ben F. Jones chapter board of directors.

Service Sector Shrinks as New Orders Fall in Nov.

NEW YORK (AP) - The U.S. service sector contracted dramatically in November, as employment, new orders and prices fell precipitously, hurting retailers, hotels and other industries.

SEC Adopts New Rules for Credit-Rating Agencies

WASHINGTON (AP) - Federal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis.

Productivity Growth Better than Expected in Q3

WASHINGTON (AP) - Worker productivity slowed in the summer while wage pressures increased, but both developments were better than expected and are unlikely to raise inflation alarms at the Federal Reserve.

BNSF Drops Planned Fuel Surcharge Change

FORT WORTH, Texas (AP) - The BNSF Railway Co. said Tuesday it would put off fuel surcharge changes that were planned to take effect beginning next month.

Chrysler Exec: Failure Could Spark Depression

WASHINGTON (AP) - A top Chrysler executive warned Wednesday that a carmaker collapse could send the economy spiraling into a depression, while the United Auto Workers agreed to new concessions for their companies.

Fed: Economy Darkens Heading into Holidays

WASHINGTON (AP) - The country's economic picture has darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back on production.

UAW to Renegotiate Labor Terms, Modify Jobs Bank

DETROIT (AP) - United Auto Workers President Ron Gettelfinger said Wednesday that the union is willing to change its contract and will delay billions of dollars in payments to a union-run health care trust in an effort to help the struggling U.S. automakers.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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