VOL. 124 | NO. 91 | Monday, May 11, 2009
Delays Plan For 100 Layoffs
The Shelby County Commission has approved moving forward with a lawsuit against an unidentified group of mortgage lenders for discriminatory lending practices.
Mirroring the trend that residential sales established in April, mortgage activity showed signs of improvement last month as the spring home buying season ramped up.
Under legislation soon to be proposed in the state Legislature, Shelby County Assessor of Property Cheyenne Johnson would be able to do something during a reappraisal many homeowners wish she could have done this year.
Victor Willis, the original lead singer for the Village People, has brought the Mid-South Fair into an ongoing legal dispute between him and the disco group he once led.
WASHINGTON (AP) – The pace of layoffs slowed in April when employers cut 539,000 jobs, the fewest in six months. But the unemployment rate climbed to 8.9 percent, the highest since late 1983, as many businesses remain wary of hiring given all the economic uncertainties.
WASHINGTON (AP) – Government exams of the biggest U.S. banks have helped lift a cloud of uncertainty that has hung over the economy.
Tucked in a corner and barely visible from Madison Avenue, The English Major Bookstore is the perfect place to browse for a good read without worrying about pocketbook woes or stumbling over crowds.
NASHVILLE, Tenn. (AP) - The Tennessee Department of Transportation has received bids on 119 road and bridge projects to be paid for with federal stimulus money.
NASHVILLE, Tenn. (AP) - Tennessee's attorney general says yes-no retention elections for governor and legislators would be unconstitutional.
NASHVILLE, Tenn. (AP) - Tennessee state prisons and Davidson County jails will lose a combined $600,000 a year if a federal reimbursement program for illegal immigrant prisoners is eliminated.
NEW YORK (AP) - Bank of America's chief executive Ken Lewis laid out his plans for raising new capital to meet regulatory requirements after the government said the nation's largest bank is facing a $33.9 billion shortfall.
NEW YORK (AP) - Shares of Luminex Corp., which makes testing systems for biotechnology companies, fell Friday, a day after it reported lower-than-expected first-quarter results.
WASHINGTON (AP) - The head of the Securities and Exchange Commission said Friday she favors a new proposal for federal regulators sharing oversight of companies that pose financial risks to the economy.
NEW YORK (AP) - A trustee wants to give a break to investors hardest hit by the Bernard Madoff fraud.
NEW YORK (AP) - The group of dissident Chrysler bond holders challenging Chrysler LLC's government-backed restructuring plans said Friday it is dropping its court fight.
ROCHESTER, N.Y. (AP) - Jody Taylor dodged the bullet twice in the past year when the industrial-coating factory where she works as a machine operator went through a series of layoffs. But her hours have been cut back to a four-day workweek.