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VOL. 124 | NO. 98 | Wednesday, May 20, 2009

Public Roped Into School Funding Debate

Citizens will get a chance today to weigh in on a discussion about public education that has been overshadowed by the funding battle between the Memphis City Council and the city school system.

Cordova Apartment Owners Challenge Years-Old Annexation

A legal challenge to a city annexation ordinance from the 1990s is headed for a September trial date.

Medtronic Reduces Global Work Force

Medtronic Inc. is reducing its global work force by 1,500 to 1,800 employees to streamline operations, although it remained unclear Tuesday morning how many jobs would be affected in the company’s Memphis-based Spinal and Biologics Business.

Vesta Home Show to Kick Off in Arlington Today

This year’s Vesta Home Show will achieve a couple of “firsts” – the first show in Arlington and the first to feature all “green” homes.

Medtronic Warns of Defect with 37,000 Pacemakers

WASHINGTON (AP) - Medtronic Inc. has warned doctors that 37,000 of its pacemakers may have wiring defects that can cause them to malfunction.

Local Weather
Currently
Memphis, TN
69.0°F
Partly Cloudy
Wind: West at 10.4 mph
Humidity: 39%

EVENTS

The Alliance for Nonprofit Excellence will present a workshop titled “Coaching 101” today from 8:30 a.m. to noon at the Alliance office, 5100 Poplar Ave., Suite 502. Donna Pope will lead the workshop. Cost is $65 for members, $125 for nonmembers and $55 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

Artificial Limb and Brace Fitters Under Greater Scrutiny

State and national regulators are putting the fitters of artificial limbs and body braces under greater scrutiny because of fraud and an increased demand for services.

Raynor Named VP of Marketing For Two Hilton Brands

Carla Raynor has been appointed vice president of marketing for Homewood Suites by Hilton and newly launched Home2 Suites by Hilton.

Tenn. Bill to Allow Speeders to Be Fingerprinted

NASHVILLE, Tenn. (AP) - Supporters of legislation that would allow traffic violators in Tennessee to be fingerprinted say it will save local governments money and catch more criminals, but one lawmaker believes the measure is invasive.

Tenn. Wine Shipping Measure Passes House

NASHVILLE, Tenn. (AP) - A proposal that would allow Tennessee consumers to have wine shipped directly to their homes has passed the House.

Home School Diploma Bill Headed to Governor

NASHVILLE, Tenn. (AP) - The Senate has voted to send a bill to give home school diplomas the same weight as those given by public schools for the governor's consideration.

Bill Would Allow Local Menu Labeling Requirement

NASHVILLE, Tenn. (AP) - A bill advancing in the House would allow local governments to decide whether to require restaurants to provide calorie counts on menus.

Tenn. Saggy Pants Proposal Likely Dead

NASHVILLE, Tenn. (AP) - Legislation that would fine Tennesseans for sagging their pants has likely failed this session.

Goldman Sachs, Morgan Stanley Apply to Repay TARP

NEW YORK (AP) – Goldman Sachs and Morgan Stanley have asked the Federal Reserve for permission to repay a combined $20 billion in federal bailout money.

TARP Repayments From Big Banks May Start in June

WASHINGTON (AP) - The Federal Reserve said Tuesday that approval for big banks seeking to repay bailout money could start in early June.

Six Independent AIG Directors to Stand for Election

CHARLOTTE, N.C. - Embattled insurer American International Group Inc. said Tuesday it will reconfigure its board to include six new independent directors.

Home Depot Q1 Profit Rises on Fewer Charges

CHICAGO (AP) - The Home Depot Inc. said Tuesday that its fiscal first-quarter profit climbed 44 percent on fewer charges, and the nation's largest home improvement retailer beat Wall Street's expectations despite lower sales.

US Senate Passes Credit Card Overhaul Bill

WASHINGTON (AP) - The Senate voted overwhelmingly on Tuesday to rein in credit card rate increases and excessive fees, hoping to give voters some breathing room amid a recession that has left hundreds of thousands of Americans jobless or facing foreclosure.

Automakers, Obama Announce Mileage, Pollution Plan

WASHINGTON (AP) - President Barack Obama outlined Tuesday the nation's first comprehensive effort to curb vehicle emissions while cutting dependence on imported oil, calling the plan an historic turning point toward a "clean-energy economy."

Airlines Post Rare Improvement in Customer Survey

MINNEAPOLIS (AP) - A new study shows airlines are doing a better job of taking care of the passengers they still have.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 128 17,998
MORTGAGES 155 155 20,990
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 149 149 36,765
BANKRUPTCIES 60 60 11,985
BUSINESS LICENSES 19 19 5,696
UTILITY CONNECTIONS 49 49 12,297
MARRIAGE LICENSES 40 40 4,518

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The Memphis News: Business, politics, and the public interest.