VOL. 123 | NO. 55 | Wednesday, March 19, 2008
City sales tax revenue could see 7 percent decline
Local sales tax revenue is the latest casualty of the nationwide credit crunch.
When Memphis International Airport was named last week as the world's busiest cargo airport for the 16th consecutive year, the rankings indicated that an already slim lead over No. 2 Hong Kong had narrowed even more.
Trip Peeples has been promoted to administrator for Methodist Alliance Health Services' Home Medical Equipment and Infusion division.
The Memphis City Council has delayed indefinitely a final vote on a new city ordinance governing strip clubs.
Some of them are dilapidated. Others are redundant, too close to existing facilities.
CHARLOTTE, N.C. (AP) - Steel producer Nucor Corp. agreed Tuesday to buy nearly all the assets of Metal Recycling Services Inc. for an undisclosed amount.
WASHINGTON (AP) - The Federal Reserve on Tuesday slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession.
WASHINGTON (AP) - House members from both parties are asking the Federal Reserve to intervene and steady the shaken student loan market.
WASHINGTON (AP) - Patients treated with a Medtronic stent to prevent aneurysms appear more likely to die than those who undergo surgery, the Food and Drug Administration said Tuesday.
A local research network has developed a research model designed to bridge the gap in health care to underserved communities, especially the black community.
Shelby County Board of Commissioners members appear on their way to an August countywide vote on charter changes that would leave five offices elected, but term-limit the elected officials and make them part of the charter as opposed to offices with duties now defined by the Tennessee Constitution.
WASHINGTON (AP) - Fannie Mae and Freddie Mac are expected to get further financial leeway from the government, enabling the mortgage-finance companies to expand their roles in the stricken housing market.
ATLANTA (AP) - Delta Air Lines' pilots union has told company executives it can't agree on seniority issues with its counterpart at Northwest Airlines, raising serious doubts about the prospect of a combination of the two companies.
The president and chief executive officer of Bass Pro Shops is coming to Memphis this week to meet with local elected leaders. It is the first meeting Jim Hagale has had with the leaders who will ultimately decide whether the hunting and fishing retailer builds a store and other attractions in The Pyramid.
NASHVILLE (AP) - People who don't have high school diplomas or GEDs wouldn't be able to get driver’s licenses until the age of 21 under a proposal advancing in the state Legislature.
NASHVILLE (AP) - A proposal that would make it a felony for a parole officer to have sexual contact with a parolee is advancing in the Tennessee Legislature.