VOL. 124 | NO. 46 | Monday, March 9, 2009
With the housing market still under pressure as home prices fall and fewer new borrowers take the plunge, the number of home loans as well as the total mortgage volume in Shelby County took another nosedive in February.
A stop work order was issued Friday afternoon for a construction project at 777 N. White Station Rd. involving The Gold Club, an adult entertainment business run by strip club mogul Steve Cooper.
A $2 million retail center – co-anchored by a gas station/convenience store and a Subway restaurant with a detached automated car wash – will rise soon at 4356 Forest Hill-Irene Road in Southeast Memphis, the project’s developer confirmed last week.
Making Shelby County government the single source of funding for the city and county public school systems could mean a 53-cent increase in the county property tax rate over several fiscal years. It would also reduce the city property tax rate by 82 cents.
Whole Foods Market Inc. will sell 13 stores to settle an antitrust challenge to its acquisition of Wild Oats Markets, but the company will keep its Memphis store.
Frank Moorman has united his parents’ former upholstery businesses and updated them into interior style centers.
NASHVILLE, Tenn. (AP) - Tennessee Gov. Phil Bredesen says he's decided to accept $141 million in federal stimulus money designated for unemployment benefits.
WASHINGTON (AP) - With a $410 billion catchall spending bill stalled in the Senate and a midnight deadline looming, Congress rushed through stopgap legislation Friday to keep the U.S. government running for another five days.
WASHINGTON (AP) - Consumer borrowing rose unexpectedly in January after three months of declines.
NEW YORK (AP) - General Motors Corp. shares fell to their lowest point in more than 75 years Friday, as investors fretted that the ailing automaker may be forced to file for bankruptcy protection despite government help.
WASHINGTON (AP) - The Internal Revenue Service is eliminating a program that uses private debt collectors to go after tax delinquents, the agency announced Thursday evening.
NEW YORK (AP) - Bernard Madoff and $50 billion.
WASHINGTON (AP) - The head of a panel overseeing bailout money is giving high marks to legislation that would let debt-strapped homeowners seek reduced mortgage payments by filing for bankruptcy.