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VOL. 124 | NO. 70 | Friday, April 10, 2009

Former NFL Player Scores Largest RMK Settlement Yet

$950K Awarded to Memphis Native

A Memphis native and former professional football player has won the largest award yet from a financial industry panel hearing claims involving a group of former Regions Morgan Keegan mutual funds.

FDA Edict Affects Local Orthopedics Industry

Medical device manufacturers, including orthopedic companies, must prove products that have been on the market for decades are safe because they were launched before the enactment of a federal law that requires more rigorous regulatory reviews.

Cancer Society Proceeds With Hope Lodge

Out-of-town cancer patients traveling to Memphis for chemotherapy or radiation treatments will soon have a free place to stay, giving them one less thing to worry about during their visits.

City Ditches Commercial Paper For Cheaper Alternative

The credit crunch that sank its teeth into the national economy last year has left its mark on individuals and businesses. Cities are no different.

Abortion Measure Sent Back To Finance Committees

NASHVILLE (AP) – A proposed constitutional amendment that would limit access to abortion in Tennessee has been bumped back to the House Budget Subcommittee.

Local Weather
Currently
Memphis, TN
55.0°F
A Few Clouds
Wind: Northwest at 5.8 mph
Humidity: 26%

EVENTS

Memphis College of Art will host its annual spring career fair today from 12:30 p.m. to 4 p.m. in the Main Gallery of Rust Hall at the Overton Park Campus, 1930 Poplar Ave. For more information, call 272-5160 or e-mail careers@mca.edu.

more events »

Nine of City’s Biggest Companies Back Diversity Initiative

The Mid-South Minority Business Council and nine corporate partners launched a holistic diversity initiative this week that targets key areas for improvement.

WKNO’s Kimsey on Lookout For Downtown Memories

If anyone has any old photos or interesting stories to tell about Downtown Memphis, Pierre Kimsey wants to know about it.

Tenn. Senate Votes to Ax Fingerprint Rule for Guns

NASHVILLE, Tenn. (AP) - Tennessee firearms dealers would no longer have to take the thumbprints of people buying guns under a proposal passed by the Senate.

Proposal Would Prevent Jail Decertification

NASHVILLE, Tenn. (AP) - A proposal that would prevent a jail facility from being decertified has passed the Senate.

Bill Seeks to Make State Vending Machines Green

NASHVILLE, Tenn. (AP) - A proposal that would require vending machines on state property to be equipped with energy efficient lights has passed the Senate.

3 More Carriers to Pay Fines in Cargo Probe

ATLANTA (AP) - Three more foreign carriers have agreed to plead guilty to conspiring to fix prices in the air cargo industry, and they will pay a total of $214 million in fines, U.S. prosecutors said Thursday.

US Shoppers Stay Cautious, But Sales Declines Ease

NEW YORK (AP) - March same-store sales fell for the sixth straight month, as U.S. consumers continued to shop cautiously and stick mostly to necessities such as food, but there were some glimmers of stabilization in retailers' reports on Thursday.

Obama: Timing Right for Millions to Refinance

WASHINGTON (AP) - Declaring "good news" in the midst of an economic meltdown, President Barack Obama on Thursday urged families to take advantage of near-record low mortgage rates by refinancing their home loans.

Wells Fargo Projects Record $3 Billion Q1 Profit

NEW YORK (AP) - Wells Fargo & Co. said Thursday it expects record first-quarter earnings of $3 billion, easily surpassing analysts' estimates and providing an encouraging sign for the banking industry.

Ark. High Court Allows Liquor Sales at Sam's Club

LITTLE ROCK, Ark. (AP) - A Sam's Club in Fayetteville can operate a liquor store adjoining its retail operation, potentially allowing other department store chains to follow suit, the Arkansas Supreme Court ruled Thursday.

Interbank Lending Rates Continue to Edge Lower

LONDON (AP) - The cost of three-month dollar loans between banks fell modestly Thursday amid hopes financial markets have stabilized and that government and central bank efforts to unthaw credit markets are having an effect.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 331 19,904
MORTGAGES 80 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 35 231 13,335
BUSINESS LICENSES 28 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 21 94 4,936

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