VOL. 124 | NO. 59 | Thursday, March 26, 2009
John Aitken is the new superintendent of the Shelby County school system.
The Regional Medical Center at Memphis, which laid off 88 employees this week, apparently won’t have to shut its doors later this year because federal stimulus money will offset some state funding cutbacks.
Add another candidate to the already forming 2010 Shelby County ballot.
NASHVILLE (AP) – A state House panel on Wednesday advanced a measure to authorize local governments to allow people with state-issued handgun carry permits to carry their loaded weapons in parks and playgrounds.
The budget proposed by Gov. Phil Bredesen may delay job cuts at the University of Tennessee Health Science Center, but it won’t provide any new money for construction projects or stop the institution from seeking a 10 percent tuition hike, said UTHSC Chancellor Hershel P. Wall.
FedEx Corp. might rescind its option to purchase $6.7 billion worth of Boeing aircraft if Congress passes a law that would classify the company under the National Labor Relations Act. That law, in turn, could pave the way for unionization at the shipping giant.
Victor Robilio Jr. has been elected as the first male president in the Memphis Bar Auxiliary’s history. But that’s not all he has on his plate.
MINNEAPOLIS (AP) – Target Corp.’s chief executive and chairman Gregg W. Steinhafel received compensation valued at $7.3 million in 2008, down more than 24 percent from the prior year, as the discount retailer struggled amid a deepening recession, according to an Associated Press analysis of a regulatory filing Tuesday.
James G. M. Lenschau, a director and shareholder in the Memphis office of Martin, Tate, Morrow and Marston PC, practices in commercial transactions and commercial real estate. He advises and assists clients on a variety of matters ranging from business planning to public finance, banking and environmental and corporate governance. He also represents lenders in secured loan transactions.
An 80-page complaint that could grow larger has been drafted as part of a lawsuit likely to be filed in the coming weeks on behalf of Memphis and Shelby County against more than a dozen national mortgage lending companies.
NEW YORK (AP) - John V. Faraci, chief executive of International Paper Co., received compensation last year valued at $10.3 million, 4 percent less that the previous year, according to an Associated Press calculation of figures disclosed Monday in a regulatory filing.
NASHVILLE, Tenn. (AP) - U.S. Rep. Zach Wamp has named former state Republican Party Chairman Bob Davis as his gubernatorial campaign chairman.
BOSTON (AP) - Shares of CB Richard Ellis Group Inc. soared on Wednesday after the commercial real estate services company renegotiated a credit agreement and an analyst upgraded the stock.
JACKSON, Tenn. (AP) - One of two men accused of plotting to kill President Barack Obama and dozens of other black people has failed to get a threat charge against him dismissed.
WASHINGTON (AP) - Mortgage applications surged last week, coming mostly from borrowers looking to refinance at sharply lower rates after the Federal Reserve unveiled plans to buy Treasury bonds and mortgage-backed securities.
The administration wants Congress to act quickly on legislation that would give it sweeping new powers to seize financial firms whose collapse could jeopardize the U.S. economy, Treasury Secretary Timothy Geithner said Wednesday.
WASHINGTON (AP) - The government said Tuesday it has provided $80.7 million to 10 banks in the latest payments from the $700 billion financial rescue fund.
WASHINGTON (AP) - A World War II-era law established that veterans who "engaged in combat with the enemy" receive special treatment when they seek disability compensation, making it less burdensome for them to prove the injury was from their time in the service.
WASHINGTON (AP) - Amtrak says thousands of employees who worked for years under an outdated contract will soon start getting the remaining $145 million they are owed in back pay.
WASHINGTON (AP) - The post office will run out of money this year unless it gets help, Postmaster General John Potter told Congress on Wednesday as he sought permission to cut delivery to five days a week.