VOL. 124 | NO. 67 | Tuesday, April 7, 2009
Herenton Says No Tax Hike, No Layoffs and Three Percent Pay Raise
With the 13-0 vote, the PILOT (payment in lieu of taxes) program loses its requirement that businesses getting the tax breaks must have a work force that is at least 75 percent Shelby County residents. It also eliminates the provision that requires companies to put an amount of money in escrow that equates to the local taxes they would have paid during their ramp-up period.
Attorney Lorrie Ridder is the new Shelby County Circuit Court judge for Division 4.
The city of Memphis has checked off one more thing it has to do so $11.5 million in federal aid can be deployed in neighborhoods hit hard by foreclosure.
Wrestling promoter and television personality Corey Maclin in the latest Democratic candidate to announce his intention for the 2010 county-wide elections.
WASHINGTON (AP) – U.S. air carriers led by Hawaiian Airlines took some of the hassle out of flying last year.
WASHINGTON (AP) – The U.S. Treasury Department is trying to ensure broader participation from hedge funds and other private investors in its bad asset purchase program by loosening the criteria for those who want to take part.
693 Corrine Ave., Memphis, TN 38107, Permit Cost: $600,000 -
An industrial building permit for $600,000 has been filed with the city-county Office of Construction Code Enforcement for property at 693 Corrine Ave. The owner of the property is Belz Union Realty Co. GP, and the tenant is listed as Owens Corning Corp.
WASHINGTON (AP) - Top federal and state officials on Monday announced a broad crackdown on mortgage modification scams, accusing "criminal actors" of preying on desperate borrowers caught up in the nation's housing crisis.
NEW YORK (AP) - Citigroup Inc. on Monday took the "interim" out of Mike Corbat's title as chief executive of Citi Holdings, the business that includes the riskier assets at the big banking company.
AT&T and unions for its landline workers were working past a strike deadline Sunday to try to reach agreement on a new contract.
TRENTON, N.J. (AP) - Drugmaker Bristol-Myers Squibb Co., seeking to bolster revenue during a crucial period, said Monday it has struck a deal with a Japanese partner to extend their partnership on one drug by 2 1/2 years and to collaborate on two others.
WASHINGTON (AP) - Defense Secretary Robert Gates on Monday recommended halting production of the F-22 fighter jet and scrapping a new helicopter for the president as he outlined deep cuts to many of the military's biggest weapons programs.