VOL. 124 | NO. 38 | Wednesday, February 25, 2009
Before this week’s meeting of the Shelby County Board of Commissioners, Commissioner Steve Mulroy was offering magic tricks. Moving a foam cup with static electricity was the trick of the day at that point.
Proponents of embryonic stem cell research are waiting for President Barack Obama to overturn a 2001 directive from President George W. Bush that prohibits federal funding, but in Tennessee there are also state restrictions on the research regardless of who pays for it.
By the end of this month, small groups of bankers, homebuilders and Realtors will have taken turns trekking to Legislative Plaza in Nashville. They all will have faced a legislative committee whose chairman, Germantown resident Paul Stanley, wanted to hear them answer a basic question, each in their own way:
Memphis-based Accredo Health Group Inc., a pharmacy benefit manager for people who need specialty drugs, reached $8 billion in revenues last year, a company record.
NEW YORK (AP) – Following years of pressure, medical device maker Medtronic Inc. will begin disclosing how much money it gives physicians in various consulting and other payments, though the reporting threshold is far less than currently proposed legislation.
Jill Uiberall Shanker has become a partner at Wyatt, Tarrant & Combs LLP. Shanker is a member of Wyatt’s Corporate and Securities Team.
WASHINGTON (AP) – The brokerage industry’s self-policing organization on Tuesday named veteran regulator Richard Ketchum as its new chief executive officer. He promised tough action against financial fraud at a time when investor confidence is shaken.
NASHVILLE, Tenn. (AP) - State employees targeted for layoffs could be moved to another agency to avoid losing their job under a bill aimed at helping Gov. Phil Bredesen minimize the number of job cuts.
NASHVILLE, Tenn. (AP) - A proposal that would authorize Tennessee to use bonds to fund capital projects is among several bills moving through the Legislature that would give the state flexibility in selling bonds.
NASHVILLE, Tenn. (AP) - The Tennessee Board of Regents may suspend its search for a new chancellor to lead the 180,000-student system of universities, community colleges and technical schools.
CHARLOTTE, N.C. (AP) - Beleaguered insurer American International Group Inc. is apparently asking for its fourth loan from the federal government just days before it is expected to report a fourth-quarter loss.
MINNEAPOLIS (AP) - SunTrust Banks Inc. paid James M. Wells III, its president and chief executive, almost $8.1 million in total compensation last year, a 75 percent jump from the prior year, driven by stock awards made before the worst of the banking crisis set in.
WASHINGTON (AP) - The U.S. government on Tuesday sought to quell concerns that the administration is moving toward nationalization of the country's ailing financial system, but said it would provide additional support to banks that do not have an adequate buffer to survive in an even worse economy.
NEW YORK (AP) - Lehman Brothers says it plans to spin off its venture capital unit to an investment group that will include managers of the business for an undisclosed price.
NEW YORK (AP) - Thomson Reuters Corp. reported increased profit and sales Tuesday on last year's acquisition of the Reuters news service, topping Wall Street earnings estimates.
NEW YORK (AP) - Target Corp. said Tuesday its fourth-quarter profit fell 41 percent, hurt by the consumer spending slowdown, and said it will expand food offerings and bolster its private-label brands.
NEW YORK (AP) - Office Depot Inc. said Tuesday it lost $1.54 billion in the fourth quarter as hefty charges for a restructuring that included facility closings and job cuts and sharply lower sales weighed on the office supply chain.
CHICAGO (AP) - The Home Depot Inc., which has suffered under the weight of the collapsing housing market, reported a fiscal fourth-quarter loss of $54 million Tuesday mostly due to its plan to shut its four smaller home-improvement brands.
SHELBYVILLE, Tenn. (AP) - Ideology didn't factor into Tennessee Republican Party Chairwoman Robin Smith's decision to kick House Speaker Kent Williams out of the party, she says.
NASHVILLE, Tenn. (AP) - Tennessee lawmakers are ready again to try to muzzle state records that list who has a permit to carry a concealed handgun, and this time they are considering making it a crime to publish information about gun ownership.