VOL. 126 | NO. 53 | Thursday, March 17, 2011
FedEx Corp. announced Thursday revenue of $9.66 billion for the quarter that ended Feb. 28. The revenue is up from $8.7 billion the previous year.
SunTrust’s new Uptown branch bolsters growth plan
Johnny Moore, the president and CEO of SunTrust Banks’ Memphis division who’s nearing the end of his second year in the role, has been talking for a while about growing the bank’s branch network in the area.
Tennessee Gov. Bill Haslam told members of the Memphis Research Consortium that his decision to include $10 million in funding for the effort wasn’t a gift but an investment in the city’s future as a biomedical research center.
Smith & Nephew has raced to contain any damage from a scheme the company said it recently interrupted that involved nine former employees who allegedly planned to resign together, start their own company and benefit from company trade secrets.
Shelby County Election Commissioners set a special meeting for March 28 to certify the results of the March 8 schools referendum.
Planners of an upcoming conference are hoping to put Memphis on the map even more so than it already is.
Toney Armstrong is the youngest director of the Memphis Police Department to come out of the ranks. At 44 years old, Armstrong has been tapped to lead a department whose emphasis on technology and statistics is credited with dropping the city’s crime rate dramatically since 2006.
The $15 million creation of Tiger Lane last year at the Mid-South Fairgrounds happened within budget and so quickly that Memphis Mayor A C Wharton Jr.’s administration would like to use the method to venture into the more complex parts of the renovation of the city-owned property.
Four codefendants in the largest and most violent drug-trafficking case ever brought in Memphis federal court may go to trial in January 2012.
In a city renowned for pulled pork sandwiches and slow-cooked ribs, opening a vegan juice bar and cafe might seem like an entrepreneurial gamble.
By day Adam Remsen serves as assistant general counsel at Financial Institution Consulting Corp., an establishment that works exclusively with financial institutions and is the pre-eminent employee benefit and executive compensation planning firm in its field.
In 1995, I read Christopher Moore’s book, “The Mediation Process – Practical Strategies for Resolving Conflict.”
Ray’s Take: It’s time to start planning that family summer vacation and saving up for it. AAA and Money Magazine both estimate the amount spent on a family vacation is about $1,600. With gas prices threatening to reach new highs that amount could easily rise.
MEMPHIS (AP) – Elvis Week this year will include the traditional candlelight vigil remembering Elvis Presley's death and a concert featuring a virtual image of the rock icon.
NASHVILLE (AP) — Tennessee will begin issuing driver licenses with a new design, aimed at making them harder to counterfeit.
SODDY-DAISY (AP) – The Tennessee Valley Authority is showing more jitters about Japan's nuclear emergency than some residents who live in the same neighborhood as TVA's reactors.
WASHINGTON (AP) – Builders broke ground last month on the fewest homes in nearly two years and cut their requests for permits to start new projects to a five-decade low. The decline in construction activity is the latest evidence that the housing industry is years away from a recovery.
WASHINGTON (AP) – Higher energy costs and the steepest rise in food prices in nearly four decades drove wholesale prices up last month by the most in nearly two years. Excluding those categories, inflation was tame.
WASHINGTON (AP) – House Republicans said Wednesday that a new government agency designed to protect consumers from problems with mortgages, credit cards and other lenders has too much power. They also criticized it for participating in a federal-state effort to force mortgage servicers to change the way they foreclose on troubled homeowners.
WASHINGTON (AP) – The top Republican in the Senate says he's confident that Congress will adopt the Pentagon's budget when a stopgap funding bill runs out in April.