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VOL. 124 | NO. 79 | Thursday, April 23, 2009

Ryder Is Beale Street Receiver

Attorney John Ryder has been appointed receiver for the Beale Street entertainment district.

City to Buy County’s Share of Pyramid, Partially Fund Health Department

The Shelby County Board of Commissioners Wednesday approved in special session a deal that would continue city funding for the local Health Department for another year and sell off the county’s share of The Pyramid to the city.

City to Drop Texas Firm as Tax Collector

The city of Memphis will not renew its controversial contract with a Texas law firm to collect delinquent property taxes – a major shift for the administration.

City Wants Tracking Bracelets for Offenders

The city of Memphis is asking for bids from interested companies and firms that could provide equipment for what the city is describing as a “one-piece tracking bracelet” meant to monitor the behavior of criminal offenders.

Chandler Ehrlich Files for Bankruptcy

After announcing its closure in December following 32 years in business, advertising agency Chandler Ehrlich has filed for Chapter 7 bankruptcy protection.

Local Weather
Memphis, TN
A Few Clouds
Wind: East at 3.5 mph
Humidity: 94%


SCORE will hold a seminar today from 7:45 a.m. to 4:30 p.m. in the eighth floor conference room of Clark Tower, 5100 Poplar Ave. The seminar is titled “How to Successfully Manage a Small Business.” Cost is $70 in advance and $99 at the door. To register, visit www.scorememphis.org/registration. For more information, call 544-3588.

more events »

Political Theater Big Part Of Herenton Bombshell

In hindsight, there was just something about the way Memphis Mayor Willie Herenton walked out of the City Council chambers Tuesday.

AutoZone Wins Discrimination Suit

The U.S. Equal Employment Opportunity Commission has lost a job discrimination lawsuit against AutoZone Inc. and must pay the company’s legal costs.

Logistics Giants See Advantages in ‘Greening’ Operations

Freight transportation isn’t inherently “green.” No industry that burns as much fossil fuel as planes, trains or trucks in moving goods from one place to another can be considered sustainable or environmentally friendly.

Law Week Ends While Memories Remain

While the Memphis Bar Association’s annual Law Week events end today, they remain in the minds of the city’s legal community.

Seely Devotes Time to Pro Bono Efforts

Linda Warren Seely is the director of pro bono projects at Memphis Area Legal Services Inc. Seely is a Rule 31 Listed Family Mediator and received a special designation in Domestic Violence in 2007.

Norfolk Southern Sees Demand ‘Bottom’ This Quarter

NEW YORK (AP)Norfolk Southern Corp., which has a rail yard in Memphis and is considering a local site for a new intermodal facility, reported Wednesday it expects shipping demand to approach its worst level this quarter and possibly start to improve as early as the second half of this year.

Court Rules in Favor of FedEx On Contractor Model

NEW YORK (AP) – A federal appeals court on Tuesday ruled that a unit of FedEx Corp. didn’t break federal labor laws when it refused to negotiate with a union that was bargaining on behalf of some of its workers who want to be classified as employees rather than independent contractors.

Bill Would Try to Cut Funds to Planned Parenthood

NASHVILLE, Tenn. (AP) - Senate Speaker Ron Ramsey and several other Republican lawmakers are once again proposing legislation to cut off funding to Planned Parenthood.

Bredesen Calls for Keeping Tenn. Ethics Commission

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen is speaking out against abandoning the Tennessee Ethics Commission created in the aftermath of the FBI's Tennessee Waltz corruption sting.

Miss. Apparel Maker Files for Bankruptcy, Cites Poor Economy

TUPELO, Miss. (AP) - Block Corp. has filed for Chapter 7 bankruptcy protection.

Police Investigating Death of Freddie Mac Official

WASHINGTON (AP) - The chief financial officer of money-losing mortgage giant Freddie Mac was found dead in his basement early Wednesday morning in what police said was an apparent suicide.

Credit Union Group Rejects Hill Mortgage Plan

WASHINGTON (AP) - Negotiations between the banking industry and Senate Democrats on a mortgage relief plan hit a snag Wednesday after a trade association representing credit unions said it could not endorse the proposal.

Boeing Profit Drops on Production Cuts

PITTSBURGH (AP) - Boeing Co., the world's second-largest plane maker, said Wednesday its first-quarter profit dropped by half, hurt by production cuts as airlines postpone deliveries of new planes. It also forecast lower prices and cut its earnings forecast for the year.

Morgan Stanley Loses $578M in 1st Quarter

CHARLOTTE, North Carolina (AP) - Morgan Stanley posted a bigger-than-expected quarterly loss to common shareholders of $578 million, hurt partly by the deteriorating commercial real estate market.

Wells Fargo Q1 Results in Line with Forecast

NEW YORK (AP) - Wells Fargo & Co.'s first-quarter report on Wednesday had few big surprises, as results fell in line with the bank's forecast and easily beat Wall Street's estimates. But like most of its peers, the bank continues to post higher credit costs.

Global Economy Expected to Shrink This Year

WASHINGTON (AP) - The global economy is likely to shrink this year for the first time since World War II.

Paper Companies Get Unexpected Tax-Credit Windfall

WASHINGTON (AP) - A law to make the earth a little greener is giving paper mills an unintended multibillion-dollar tax windfall with the help of a little diesel fuel.

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PROPERTY SALES 0 232 11,757
MORTGAGES 0 254 13,681
BANKRUPTCIES 0 179 7,652

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