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VOL. 124 | NO. 24 | Thursday, February 5, 2009

Court Rules for TVA in Pickwick Case

The Tennessee Valley Authority has won its case in a federal appeals court over allegations it allowed environmental safeguards to be violated at a controversial development on Pickwick Lake, but debate continues about whether the federal agency has been a good steward of the publicly owned land.

Associate Retention Challenge For Firms In Tough Times

When a young lawyer joins a firm as an associate, it used to mean they were on partner track at that firm.

Progress to Come on Harding’s Proposed Move to Lakeland

Later this month, Lakeland’s Municipal Planning Commission will take one of the first official actions needed to bring a large new addition to the bucolic northeast Shelby County town.

First Horizon Assures Customers With New Tagline

To that end, First Tennessee Bank is rolling out a new tagline – “Powering Your Dreams” – that will start appearing in print, radio, Internet and TV advertisements next week.

Thomas & Betts Reports Increase in Sales

Thomas & Betts Corp. on Wednesday announced the company reported net sales of $2.5 billion for 2008, up 15.8 percent compared to 2007’s net sales.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: West at 9.2 mph
Humidity: 67%


The Memphis Public Library will hold a resume basics class today at 10 a.m. at the North Branch, 1192 Vollintine Ave. To register, call 276-6631. A computer basics class will be held at 6 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. To register, call 415-2722.

more events »

Memphis International Stays at Top for World’s Cargo

Memphis International Airport, home to FedEx Corp., kept its spot as the world’s busiest airport for cargo in 2008, showing that the airport weathered the decline in shipping last year as well as a challenge for the top spot from Hong Kong, according to an article on Bloomberg.com.

10 Attorneys Vie For Circuit Court Slot

Ten Memphis attorneys have applied for an appointment to a vacancy in Shelby County Circuit Court.

Bomb Critically Wounds Head of Ark. Medical Board

WEST MEMPHIS, Ark. (AP) - A car bomb explosion critically wounded the head of the Arkansas panel that licenses and disciplines doctors, detonating in his driveway as he was leaving for work, authorities said.

Obama Caps Executive Pay Tied to Bailout Money

WASHINGTON (AP) – President Barack Obama on Wednesday imposed $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money, saying Americans are upset with “executives being rewarded for failure.”

Lewis Addresses Proposed Legislation, Possible Changes in Employment Law

Frederick J. Lewis, a shareholder in the Memphis office of Ogletree, Deakins, Nash, Smoak & Stewart PC, has been named to the 150 Best Lawyers 2009 list published by BusinessTN magazine. Lewis was one of only eight labor and employment lawyers named to the list.

Woman Charged in Prosecutor's Wife's Death

RIPLEY, Tenn. (AP) - A woman has been brought up on charges related to a car accident that killed the wife of a West Tennessee prosecutor.

Inmate Henley Asserts Innocence at Execution

NASHVILLE, Tenn. (AP) - While he was strapped onto a prison gurney awaiting execution, inmate Steve Henley said he hoped for peace for the family of the couple he was convicted of killing.

Circuit City Ripples Go Beyond Vacancies, Layoffs

Circuit City will finally flicker out when its last 567 stores close this year, but the bankruptcy of the nation's second-largest electronics retailer will ripple across the U.S. economy for years.

Congress Considers Changes to Mortgage Aid Program

WASHINGTON (AP) - With fewer than 500 applications and only two-dozen homeowners helped so far, lawmakers want to revamp a new program that was intended to help hundreds of thousands of borrowers avoid losing their homes.

Bill Would Limit Antitrust Immunity for Airlines

WASHINGTON (AP) - The chairman of a House committee overseeing airlines says it should be harder for carriers to work together on setting prices and schedules.

Time Warner Cable to Lay Off 1,250

PHILADELPHIA (AP) - Time Warner Cable Inc. says it is laying off 1,250 people over the next few weeks in the face of slowing growth at the nation's second largest cable operator.

Obama: Catastrophe Coming if Congress Doesn't Act

WASHINGTON (AP) - Republicans tried to push back against the ballooning size of President Barack Obama's economic recovery plan Wednesday even as he said the financial crisis would turn into "a catastrophe" unless the bill passed quickly.

Time Warner Swings to Q4 Loss on Hefty Writedown

LOS ANGELES (AP) - Media and entertainment giant Time Warner Inc. reported a fourth-quarter loss, hurt by a previously expected $24.2 billion writedown for its cable, publishing and AOL assets.

Fees Likely as Wells Fargo Bails Out on Vegas Trip

WASHINGTON (AP) - Wells Fargo & Co. is likely on the hook for hefty cancellation fees after abruptly scrapping its upcoming retreats to Las Vegas casinos.

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PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926

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