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VOL. 124 | NO. 56 | Monday, March 23, 2009

Clinical Trials to Begin in Memphis For Alzheimer’s Treatments

Two new drugs that have the potential to combat the progression of Alzheimer’s disease are about to be tested in Memphis through clinical trials.

Financial Planner To Receive Top Award

Laurence Plummer of Plummer Financial Services will be honored today at an awards ceremony in Miami for being last year’s top sales producer for John Hancock Financial Network, a financial services company that boasts more than 2,000 sales agents.

Legal Community Mourns Stinson

Judge William David Stinson Jr. died Wednesday at Baptist Memorial Hospital-Memphis. He was 82.

Commercial Appeal Lays Off Veteran Staffers

The latest round of layoffs at The Commercial Appeal last week took the heaviest toll to date on the institution’s newsroom.

Former AIG Head Denies He Started Exec Bonuses

WASHINGTON (AP) - Former AIG chief executive officer Hank Greenberg said the company under his leadership never had the kind of retention bonus system that has subjected it to withering criticism.

Local Weather
Memphis, TN
A Few Clouds
Wind: North at 3.5 mph
Humidity: 64%


The Engineers’ Club of Memphis Inc. will hold its weekly meeting and lunch today at 11:30 a.m. at the Holiday Inn-University of Memphis, 3700 Central Ave. Mark Lindstrom of ETI Corp. will present “Greenways and Trails.” Cost is $14. No reservations are required.

more events »

Man Bankrolls New Nursery From Personal Savings

Mike Earnest didn’t let a frozen credit market or a beaten-down economy stop him from pursuing a business opportunity.

FedEx Shares Fall as Demand Concerns Mount

NEW YORK (AP) - FedEx Corp. shares fell Friday as investors reacted to the company's worse-than-expected fiscal third quarter earnings and analysts predicted the package delivery company's profit will continue to be hampered by a weak global economy.

Low Bidders Win First 10 Tenn. Stimulus Contracts

NASHVILLE, Tenn. (AP) - The state Department of Transportation on Friday identified the lowest bids for Tennessee's first round of bridge projects to be paid for with federal stimulus money.

Tenn. Democrats' Fundraising Ails Under New Leader

NASHVILLE, Tenn. (AP) - Federal election disclosures show the Tennessee Democratic Party is struggling to raise money in the aftermath of a leadership struggle.

Frank Says Gov't Should Stop Fannie, Freddie Bonus

WASHINGTON (AP) - A key lawmaker is calling on the federal government to cancel retention bonuses for hundreds of employees at Fannie Mae and Freddie Mac amid public outrage over payouts to executives at companies receiving federal bailouts.

Appeals Court: Madoff Stays in Prison

NEW YORK (AP) - Disgraced financier Bernard Madoff will remain in prison until he is sentenced in one of the largest financial frauds in history.

Bernanke Says Exec Compensation Must be Monitored

PHOENIX (AP) - Federal Reserve Chairman Ben Bernanke on Friday called for banking supervisors to pay "close attention" to compensation practices as they examine the soundness of financial institutions.

GlaxoSmithKline Reduces Stake in Quest

NEW YORK (AP) - GlaxoSmithKline PLC said Friday that it sold approximately 5.7 million shares of Quest Diagnostics Inc. for more than $250 million, reducing its stake to about 16.5 percent.

New Student Loans Require Payments While in School

NEW YORK (AP) - The running joke about student loans: Don't ever graduate, since you don't have to start paying them back until you do.

Weekly Snapshot

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Blog News, Training & Events
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762

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The Memphis News: Business, politics, and the public interest.