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VOL. 124 | NO. 88 | Wednesday, May 6, 2009

Pyramid-Health Dept. Deal Approved By Council

Memphis City Council members Tuesday approved an $8.5 million deal giving the city complete ownership of The Pyramid and providing a last installment of city funding for the local Health Department.

Campbell Clinic Celebrates 100 Years

The medical practice Dr. Willis Campbell founded in Memphis in 1909 ushered the medical device industry into the city and continues to keep the Mid-South at the forefront of orthopedics.

Regulators Oppose Release Of Stanford Funds

U.S. regulators are investigating whether R. Allen Stanford, the financier accused of running an $8 billion fraud, has violated a federal court order freezing his assets.

Vaxent Named Finalist In World Vaccine Competition

The selection committee of the World Vaccine Congress put Vaxent – a startup venture in Memphis with only two employees – alongside pharmaceutical giants Merck & Co., Wyeth, Novartis and Sanofi Pasteur, the vaccines division of sanofi-aventis Group, as a finalist for the “Best Prophylactic Vaccine” award.

Bernanke: Expect Growth Later This Year

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke told Congress Tuesday that the economy should pull out of a recession and start growing again later this year.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: South at 5.8 mph
Humidity: 69%


The Shelby County Board of Commissioners will hold committee meetings today beginning at 8:30 a.m. in the fourth floor committee room of the Shelby County Administration Building, 160 N. Main St. For more information, call Steve Summerall at 545-4301.

more events »

Recession Forces New Focus In E-Commerce Marketing

NEW YORK (AP) – Online retailers are shifting their marketing from traditional advertising to less expensive tools such as Facebook, Twitter and e-mail as they seek market share or just work to retain customers, according to an industry study released Tuesday.

U of M’s Preza Receives $740K Award for Research

Dr. Chrysanthe Preza has received a more than $740,000 National Science Foundation Faculty Early Career Development Award for her research to improve live cell imaging. Preza is an assistant professor in the Department of Electrical and Computer Engineering at the University of Memphis’ Herff College of Engineering.

Natural Gas Deregulation Bill Delayed for Year

NASHVILLE, Tenn. (AP) - A proposal to reduce Tennessee regulatory authority over natural gas prices has failed for the year in a House committee.

Senate Panel Considers Guns in Tenn. Parks Bill

NASHVILLE, Tenn. (AP) - Handgun permit holders would be allowed to bring their loaded weapons into all state and local parks in Tennessee under a bill debated in a Senate committee Tuesday.

Higher Ed Immigration Bill Dead This Session

NASHVILLE, Tenn. (AP) - Legislation that would require Tennessee's public colleges and universities to more carefully screen out illegal immigrants is dead for the session.

Domestic Violence Gun Bill Passes House Panel

NASHVILLE, Tenn. (AP) - Legislation that creates a procedure for individuals subject to an order of protection for domestic violence to surrender their weapons is headed for a vote on the House floor.

Second Swine Flu Case Confirmed

NASHVILLE, Tenn. (AP) - The Tennessee Department of Health has announced the second confirmed case of swine flu in the state.

Senate to Vote on Gore, Hull Statues at Capitol

NASHVILLE, Tenn. (AP) - A resolution urging the erection of statutes on the Tennessee Capitol grounds of the state's two Nobel Peace Prize winners, Al Gore and Cordell Hull, is on its way to a full Senate vote.

Obama Seeks Larger, Pricier Consumer Commission

WASHINGTON (AP) - President Barack Obama is turning to South Carolina's former school superintendent to head an expanded Consumer Product Safety Commission, an embattled agency that has been criticized by advocates for being too cozy with industry.

SEC Chief Says New Short-Selling Rules a Priority

WASHINGTON (AP) - The head of the Securities and Exchange Commission said Tuesday she is making the issue of new rules restricting short-selling a priority as the agency heard from an array of interests about ways to limit trades that bet against a stock.

White House Seeks Input on Education Law

BUNKER HILL, W.Va. (AP) - Embarking on a "listening tour," Education Secretary Arne Duncan asked teachers, parents and students Tuesday how they would improve No Child Left Behind, the controversial education law championed by former President George W. Bush.

Weyerhaeuser Posts Q1 Loss on Weak Housing Market

NEW YORK (AP) - Weyerhaeuser Co.'s first-quarter loss deepened as a near-dormant housing market knocked down sales of its lumber and wood panels.

S&P Puts 23 Financial Firms on Negative Watch

NEW YORK (AP) - Credit ratings agency Standard & Poor's is reviewing whether to cut the ratings of 23 regional and national banks.

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PROPERTY SALES 92 158 13,600
MORTGAGES 89 165 15,731
BUILDING PERMITS 250 250 28,008
BANKRUPTCIES 54 121 8,771

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