VOL. 124 | NO. 96 | Monday, May 18, 2009
SEC Opposes Proposal
The court-appointed receiver in charge of what little remains of Texas billionaire R. Allen Stanford’s business empire has asked permission to pay $20 million in fees and expenses to 14 companies who’ve worked on the Stanford case.
A series of letters exchanged over the past two weeks between attorneys for Memphis City Schools and the Memphis City Council suggests each side in the long-running school funding debate remains unlikely to give up any ground.
It’s taken about five years to pull together, and the result weighs in at more than 300 pages.
John Koch launched his credit insurance and trade financing firm World Trade Consult LLC in 2001 with just one client, a local cotton merchant who hired him at a seminar sponsored by Export-Import Bank of the United States.
The Mid-South Chapter of the American Red Cross has reduced its staff by one-third because of the economy.
LOS ANGELES (AP) – The U.S. Treasury Department has agreed to extend billions in bailout funds to six major life insurers, following a months-long quest by some in the sector for government help in shoring up capital positions in the wake of major investment losses.
WASHINGTON (AP) – Consumer prices were flat in April, while industrial production fell by the smallest amount in six months – further evidence that the recession’s grip is slowly easing.
Anyone who has viewed the Web sites for Memphis in May or the Memphis Zoo has experienced the work of SPEAK! Creative.
NEW YORK (AP) - SunTrust Banks Inc. said Friday it will sell $1.25 billion of common stock and slash its dividend by 90 percent as it works to raise money in light of the government's increased capital requirements.
KNOXVILLE, Tenn. (AP) - The Tennessee Valley Authority will trim electric rates again on July 1, effectively erasing a huge rate boost approved last year to offset rising fuel costs.
NASHVILLE, Tenn. (AP) - The Hermitage, the home of President Andrew Jackson, is hosting a ceremony Sunday to dedicate a new memorial for the 60 slaves recently reinterred on the grounds.
WASHINGTON (AP) - Federal prosecutors and the FBI have been investigating possible illegal insider trading by two Securities and Exchange Commission enforcement attorneys who were in a position to receive sensitive information about agency probes of public companies.
NEW YORK (AP) - The nation's largest publicly traded trucking company will ask for $1 billion in aid from the federal bailout fund, as creditors come knocking and business continues to sink, media reports said Friday.
WASHINGTON (AP) - The value of loans held by the 21 largest U.S. institutions getting federal bailout support fell in March, although the companies did boost new lending for the first time this year.
WASHINGTON (AP) - A trade group for U.S. airlines says the number of passengers will drop 6.7 percent this summer because of the recession.
CHARLOTTE, N.C. (AP) - A report Friday said federal officials are pressuring Bank of America Corp. to revamp its board and bring in directors with more banking experience.
WASHINGTON (AP) - President Barack Obama on Friday appointed New York City's crusading health commissioner, Dr. Thomas Frieden, to lead the Centers for Disease Control and Prevention, the disease-detective agency that spearheads the nation's fight against threats from AIDS to obesity.
LONDON (AP) - Pharmaceutical giant GlaxoSmithKline said Friday it has received orders from several countries to stockpile pandemic vaccine as soon as it gets the vaccine's key ingredient from the World Health Organization.
NEW YORK (AP) - General Motors Corp. on Friday told about 1,100 dealers, or nearly 20 percent of its U.S. network, that they will be fired by the automaker late next year because their sales are weak.