VOL. 124 | NO. 238 | Friday, December 4, 2009
Luminetx Corp. is operating in the red and may soon run out of money unless its shareholders agree to sell the company to Christie Digital Systems Inc.
Luminetx Corp. announced Thursday that its board of directors has entered into an agreement to be acquired by Christie Digital Systems Inc., which has already loaned money to the Memphis-based company.
George Little has a towering physique and a booming voice. He speaks slowly, intently and with an almost steely gaze.
The partnership between Mid South Reads and the Memphis Literacy Council is about to be a marriage.
Classic American Hardwoods Inc. President Bill Courtney said he runs his business according to an old adage: “When they’re yelling, be selling. When they’re crying, be buying.”
When Memphian Duncan Williams joined the board of the Financial Industry Regulatory Authority in 2007, his colleagues included representatives of powerhouse firms with familiar names.
NASHVILLE, Tenn. (AP) - Nashville businessman Ward Cammack on Thursday became the second Democrat to drop out of the governor's race this week.
CHATTANOOGA, Tenn. (AP) - Volkswagen officials say construction of the new assembly plant in Chattanooga is on schedule and more than 1,000 employees are expected to be onsite early next year.
JACKSON, Miss. (AP) - Mississippi Gov. Haley Barbour says he is cutting almost $54.3 million from Mississippi's nearly $6 billion budget.
LITTLE ROCK, Ark. (AP) - A former state appeals court judge said Thursday that Gov. Mike Beebe should fill at least one of two recent vacancies on the state Supreme Court with a black candidate, and that the all-white court makes it appear Arkansas is racially segregated.
NEW YORK (AP) – Further evidence that the economic recovery will be a slow and bumpy one emerged Thursday with reports service sector activity and retail sales unexpectedly shrank in November as consumers held back on purchases.
BOSTON (AP) - Wal-Mart Stores Inc. has agreed to pay $40 million to 87,500 Massachusetts employees who claimed the retailer denied them rest and meals breaks, manipulated time cards and refused to pay overtime, according to court documents filed Wednesday.
TOKYO (AP) - American Airlines upped the ante in the tug-of-war over Japan Airlines, vowing Thursday to lead a $1.1 billion investment in the struggling carrier to prevent it from falling into the orbit of rival Delta.
WASHINGTON (AP) - Making a case for a second term as head of the Federal Reserve, Ben Bernanke said Thursday that he has the tools and the political backbone necessary to reel in massive economic support once the recovery is firmly rooted.
WASHINGTON (AP) - President Barack Obama kicked off a White House jobs forum on Thursday by saying he's "open to every demonstrably good idea" to reverse the worst job losses in decades. But Obama said the government's resources are limited and that growth ultimately must come from the private sector.