VOL. 124 | NO. 66 | Monday, April 6, 2009
Josh Pastner is the new head coach of the University of Memphis men’s basketball program.
Wrestling promoter and television personality Corey Maclin is the latest Democratic candidate to announce his intentions for the 2010 county-wide elections.
Memphis-based FedEx Corp. laid off 1,000 salaried managers and professionals across its global work force Friday, a day that a FedEx spokesman described as painful and one “we thought we could avoid.”
If you’re having trouble deciding what to make of the federal government’s rescue plan for the financial system thus far – and whether mailing billions of dollars to U.S. banks has served its purpose of kick-starting loan activity – you’re not alone.
While executives at Memphis-based GTx Inc. continue to exercise stock options in advance of the possible release of new drug therapies, a former employee of the pharmaceutical company is suing in federal court for her right to cash in any windfalls.
WASHINGTON (AP) – The nation’s unemployment rate jumped to 8.5 percent in March, the highest since late 1983, as a wide swath of employers eliminated 663,000 jobs. It’s fresh evidence of the toll the recession has inflicted on America’s workers, and economists say there’s no relief in sight.
WASHINGTON (AP) – Though lenders are boosting their attempts to curb record-high home foreclosures, fewer than half of loan modifications made at the end of last year actually reduced borrowers’ payments by more than 10 percent, data released Friday show.
Memphis Health Center and Christ Community Health Services will share portions of the $6.5 million in federal stimulus money the state has budgeted for community health centers.
The sexes diverge when couples walk into Ken Rash’s Inc.
WASHINGTON (AP) - The Senate has voted to cut taxes on multimillion-dollar estates as it gets ready to pass a budget backed by President Barack Obama.
WASHINGTON (AP) - Passage by both House and Senate of companion budget plans gave President Barack Obama and his allies on Capitol Hill a key victory, but the debates also exposed some of the president's vulnerabilities.
WASHINGTON (AP) - Mortgage finance giants Fannie Mae and Freddie Mac plan to pay more than $210 million in bonuses through next year to give workers the incentive to stay in their jobs at the government-controlled companies.
CHARLOTTE, N.C. (AP) - While acknowledging that the Federal Reserve was "extremely uncomfortable" about last year's bailouts of big financial companies, Fed Chairman Ben Bernanke said Friday the central bank's strategy to ease the financial crisis is working.
WASHINGTON (AP) - President Barack Obama on Thursday selected Robert M. Groves to be the next census director, turning to a survey researcher who has clashed with Republicans over the use of statistical sampling to lead the high-stakes head count.