VOL. 124 | NO. 86 | Monday, May 4, 2009
Not every bank these days is confronted with sagging or nonexistent profitability, a souring loan portfolio and relying on Uncle Sam’s charity.
Shelby County Commission chairwoman Deidre Malone probably will launch her campaign for county mayor in September once she completes her term as chair of the 13-member body.
Memphis-based FedEx Corp. has gone to court in an attempt to get rival United Parcel Service Inc. to take down TV and print advertising touting UPS as “the most reliable” shipment carrier.
Dr. Steve Bares, president of the Memphis Bioworks Foundation, is scheduled to give an update to Memphis City Council members during the council’s executive session Tuesday. He’ll talk about the progress of his nonprofit foundation, as well as the growth of the Memphis Medical Center.
WASHINGTON (AP) – The news that Justice David Souter is planning to retire set off spirited speculation about a successor Friday, but the man who will appoint the new justice was staying out of it. “No Supreme Court questions,” President Barack Obama told reporters by press time late last week.
When Jon Felix’s hands aren’t lilting across a piano, they’re grabbing luggage.
The foreclosure notice filed Friday against One Commerce Square at 40 S. Main St. isn’t the first financial crisis the landmark tower has faced.
NASHVILLE, Tenn. (AP) - The Tennessee comptroller on Friday recommended preventing smaller cities and counties from entering into complex bond deals because they are too risky.
WASHINGTON (AP) - The Federal Reserve announced Friday that it will launch a much-awaited program in June to bolster commercial real-estate lending.
WASHINGTON (AP) - U.S. manufacturing activity contracted at a slower-than-expected pace in April, raising hopes that a steep plunge that began last fall may be moderating. The performance was driven by a rise in new orders reflecting higher business and consumer spending.
WASHINGTON (AP) - Orders to U.S. factories fell a larger-than-expected 0.9 percent in March, while factory shipments dropped for a record eighth consecutive month. The report was further evidence of the severity of the recession.
BALTIMORE (AP) - With a swine flu outbreak spreading across the nation, more than half the states have yet to stockpile the number of flu-treatment doses recommended by the federal government, an Associated Press survey found.
NEW YORK (AP) - Attorneys for Chrysler LLC said the company will file a motion by Saturday morning to sell substantially all of its assets to Italian automaker Fiat Group SpA, but that won't include eight plants, including five that the automaker revealed it will shutter by the end of next year.
WASHINGTON (AP) - Propelled through the House by antibusiness sentiment in tough economic times, legislation putting new reins on the credit card industry now goes to the Senate, where the bill's prospects appear promising.
For years, public outrage and political pressure have been mounting over how much corporate America pays its leaders. It reached a crescendo in 2008 as some highly paid CEOs flew to Washington in private jets looking for taxpayer bailouts to survive the worst economic crisis since the Great Depression.