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VOL. 125 | NO. 57 | Wednesday, March 24, 2010

Plough Foundation Awards $4.5M to UTHSC

The new UT College of Pharmacy Building currently under construction in downtown Memphis has received a $4.5 million grant from the Plough Foundation.

GTx Affirms Partnership With Ipsen

A week after ending its partnership with Merck & Co., Memphis-based GTx Inc. confirmed an expansion of its partnership with French pharmaceutical giant Ipsen.

Another Kind of Drug War

Drugstores fight for Memphis market

Walgreens’ buyout of 17 local drug stores is the first salvo in a brewing battle for the Memphis market between the nation’s largest retail pharmacy and its closet competitor, CVS.

Council Brings Residency Back For Encore

Memphis city council members revisited a residency referendum it rejected two weeks ago. The result Tuesday was approval of the referendum for the November ballot in the city of Memphis.

Yun Brings Economic Forecast to MAAR Summit

Lawrence Yun, chief economist for the National Association of Realtors, will be in Memphis next week to discuss all things housing.

Local Weather
Currently
Memphis, TN
76.0°F
Mostly Cloudy
Wind: Calm mph
Humidity: 88%

EVENTS

Talk Shoppe will present “The Dollars and Sense of Building Green” today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. For more information, call 482-0354.

more events »

Rainey Kizer Names Waddell Partner

Amanda C. Waddell has been named a partner at Rainey, Kizer, Reviere & Bell PLC. Waddell’s practice is concentrated in the areas of medical malpractice, auto liability and insurance coverage.

Architect Honored for Remarkable Achievements

Before St. Jude Children’s Research Hospital became the sprawling complex of medical buildings in Uptown Memphis, the original facility was more modest, but no less important to the city’s landscape.

Philadelphia-Based Investor Buys Waterstone Landing Apartments

The Memphis multifamily market remains attractive to Resource Real Estate Inc., which has bought its second apartment complex here.

STATEWIDE

Obama Plan May Allow TennCare Coverage of 200,000

NASHVILLE, Tenn. (AP) – More than 200,000 additional people would be covered by the state’s expanded Medicaid program if the House version of President Barack Obama’s health care plan is signed into law, TennCare officials said Tuesday.

STATE LEGISLATURE

Bredesen 'Not Wringing Hands' on Health Care Bill

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen said Monday that while he opposed President Barack Obama's health care plan over the projected $1.1 billion cost to Tennessee, he stands ready to prepare the state for the Medicaid expansion that the measure envisions.

Bill to Broaden Tenn. Senior Alert Program

NASHVILLE, Tenn. (AP) - A proposal that seeks to broaden Tennessee's missing senior citizen alert program has been unanimously approved by the House.

Tenn. Bill Would Repeal Portion of Foster Care Law

NASHVILLE, Tenn. (AP) - Legislation that would repeal the part of a Tennessee law that caps the amount the state will pay toward foster care is headed to the governor for his consideration.

Bill Would Make Boats Stop for Emergency Vessels

NASHVILLE, Tenn. (AP) - A proposal that would require boats in Tennessee to stop for emergency vessels has been unanimously approved by the House.

Bill to Make it Unlawful to Sell Fake Urine

NASHVILLE, Tenn. (AP) - The House has unanimously passed a proposal that makes it illegal to sell fake urine for the purpose of falsifying a drug test.

REAL ESTATE

February Existing Home Sales Drop 0.6 Percent

WASHINGTON (AP) - Sales of existing homes fell for a third straight month in February, pushing sales down to the lowest level since last July. There is concern the fragile housing rebound is faltering, making it harder for the overall economy to recover.

NATIONAL BUSINESS

Walgreen Q2 Profit Rises With Prescription Sales

NEW YORK (AP) – Walgreen Co., the largest U.S. drugstore chain, reported Tuesday that even while the flu season has tapered off dramatically in the last few months, its profit rose 4.5 percent during the fiscal second quarter on a boost in prescription drug sales.

Fed Cracks Down on Gift Card Abuses

WASHINGTON (AP) - The Federal Reserve issued new rules on Tuesday to protect Americans from getting stung by unexpected fees or restrictions on gift cards.

Pay Cut for 25 Top Earners at 5 Bailed-Out Firms

WASHINGTON (AP) - The administration's pay czar said Tuesday that the top 25 earners at five companies still receiving extraordinary aid from the government's bailout fund will be paid an average 15 percent less in 2010 than in 2009 under his restrictions.

Yellen: Record Low Rates Needed to Rev Up Recovery

WASHINGTON (AP) - A Federal Reserve official says record-low interest rates are still needed to energize the economic recovery.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
FORECLOSURE NOTICES 22 103 1,461
BUILDING PERMITS 218 906 17,513
BANKRUPTCIES 45 252 5,658
BUSINESS LICENSES 0 143 3,091
UTILITY CONNECTIONS 24 152 3,402
MARRIAGE LICENSES 38 158 1,846

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