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VOL. 124 | NO. 58 | Wednesday, March 25, 2009

SEC Sued by Fox Over Stanford-Related Info

The Fox Business Network, a cable news channel and spinoff of the Fox News Network, has filed a lawsuit in New York against the U.S. Securities and Exchange Commission related to the collapse of Stanford Financial Group.

FedEx Plays ‘Hardball’ Over Possible Union Move

FedEx Corp. might rescind its option to purchase $6.7 billion in Boeing aircraft if Congress passes a law that would classify the company under the National Labor Relations Act. That move, in turn, would pave the way for unionization at the shipping giant.

Tougher Stance Toward Trespassers Makes Dent in Crime

The Ridgeway Station of the Memphis Police Department recently was considered the most violent and crime-plagued precinct in Memphis. And as the police department began to look at crime by statistical standards, the area also stood out for the number of apartment complexes it had.

Doctor Continues Advancing Robotic Surgery in Memphis

Patients are recovering from hysterectomies and surgeries for cervical cancer more quickly and with less blood loss when robots are used in the operating room, according to a study by Dr. Todd D. Tillmanns of The West Clinic.

Bredesen Denies Political Maneuver on Tax Break

NASHVILLE (AP) – Gov. Phil Bredesen insists he isn’t “playing any games” by linking his proposal to close a tax break for family-owned rental properties with keeping more than 300 public safety jobs on the state payroll.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: West at 4.6 mph
Humidity: 60%


The Alliance for Nonprofit Excellence will present a workshop titled “The High-Performing Nonprofit” today from 8:30 a.m. to 3:30 p.m. at the Alliance Office, 5100 Poplar Ave., Suite 502. Ruth McCambridge, editor-in-chief of The Nonprofit Quarterly, will lead the workshop. Cost is $99 for members, $150 for nonmembers and $89 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

Health Insurance Squeezes America’s Workers

WASHINGTON (AP) – Cindy Ramer works full time nursing the mentally disabled, making sure their medical needs are met.

Treadway Joins Thomas & Betts as Senior VP for Electrical Business

Charles L. Treadway has joined Thomas & Betts Corporation in the newly created position of senior vice president, group president – electrical. Treadway will provide strategic and operational leadership to the company’s electrical products businesses on a global basis. The electrical segment of Thomas & Betts has approximately 60 manufacturing and distribution facilities in 11 countries and employs approximately 8,000 associates worldwide. The electrical segment reported $2.1 billion in revenues in 2008. Treadway previously served as president and chief executive officer for the Custom Sensors and Technology unit of Schneider Electric.

International Paper Gets $71.6M Tax Credit

MEMPHIS, Tenn. (AP) - International Paper Co. said Tuesday that it recently received a tax credit in the amount of $71.6 million from the Internal Revenue Service related to its use of alternative fuel.

Voter Registration Could Require Citizenship Proof

NASHVILLE, Tenn. (AP) - Senate Majority Leader Mark Norris says his proposal to require proof of citizenship in order to register to vote in Tennessee is not meant to restrict access to the ballot box.

2 US Pension Funds File to Lead Suit Against BofA

SACRAMENTO, California (AP) - Two of the largest U.S. state pension funds are seeking to lead a class action lawsuit against Bank of America Corp., alleging the bank's management "misstated or omitted" important information about Merrill Lynch & Co.'s financial health to shareholders prior to the investment bank's takeover.

Many Top AIG Execs Agree to Return Bonuses

NEW YORK (AP) - New York Attorney General Andrew Cuomo hopes more AIG employees will return their bonuses, after 15 of the top 20 bonus recipients at the troubled insurer agreed to return their money.

BofA Shareholder Looks to Oust CEO From Board

NEW YORK (AP) - A group that owns Bank of America stock is waging a battle to get shareholders to vote against re-electing CEO Ken Lewis and two others to the bank's board of directors.

Geithner Seeks New Powers Over Financial Companies

WASHINGTON (AP) - Treasury Secretary Timothy Geithner asked Congress on Tuesday for broad new powers to regulate nonbank financial companies like troubled insurer American International Group whose collapse could jeopardize the economy.

Airlines Group Predicts Big Industry Losses

GENEVA (AP) - World airlines will lose $4.7 billion this year due to the economic crisis, while revenues will drop by more than after the Sept. 11, 2001 terrorist attacks in the U.S., a major industry association predicted Tuesday.

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PROPERTY SALES 96 173 11,698
MORTGAGES 95 174 13,601
BUILDING PERMITS 291 387 24,551
BANKRUPTCIES 65 118 7,591

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