VOL. 124 | NO. 93 | Wednesday, May 13, 2009
Smith & Nephew Inc. has agreed to pay up to $3.5 million plus legal costs to settle a lawsuit filed in 2006 over allegations of racial discrimination in hiring, paying and promoting at its Memphis operation.
The chief investment officer for Texas financier Allen Stanford’s business empire before regulators shut it down three months ago is now the first Stanford executive indicted after a sweeping probe of the organization.
Fred Smith is going green. In the case of the FedEx founder, however, it’s a different shade – something like military fatigue green.
Shelby County Sheriff Mark Luttrell rarely gets rattled.
Though it’s doubtful Memphis could ever reach Chicago’s status in terms of intermodal and distribution capacities, the Bluff City should look to the Windy City as a model.
It’s been more than 100 years since Henry Ford rolled out the first Model T automobile, a mass-produced, gas-powered wonder.
Dr. Douglass C. North won the 1993 Nobel Prize in economics for his efforts to renew research into economic history. He and economist Robert W. Fogel earned the prize for their work in a part of economic history known as “cliometrics.” Cliometrics involves applying economic history and mathematical methods to the study of history. The theories help explain why some countries are industrialized and others aren’t.
The Eads home of former University of Memphis and Grizzlies basketball player Lorenzen Wright has been sold back to the bank following a foreclosure.
Questions about legal fees and whether an attorney from Memphis Area Legal Services Inc. can participate in a lawsuit against mortgage lenders were among the hitches that have held up the filing of such a lawsuit for several months.
In one sense, Magna Bank’s annual meeting of shareholders Monday was about taking care of business.
Echelle Lane Rutschman has been named director of communications at Youth Villages. Rutschman joins Youth Villages after 10 years serving as senior communications officer and system director of corporate communications at Baptist Memorial Health Care Corp.
The Levitt Shell in Overton Park will kick off the second leg of its opening concert season May 28 with free concerts for families seeking fresh air and fun. And those involved at the historic venue anticipate a strong finish to the season, just months after a massive renovation brought the Midtown landmark back to life.