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VOL. 124 | NO. 113 | Thursday, June 11, 2009

UPDATE: Herenton Files Paperwork to Enter Race Against Cohen

Day After Ford Fundraisers For Cohen Announced

Memphis Mayor Willie Herenton is running for Congress in 2010.

Budget Debate on Through Friday

They’ve been staying until around 11 each night at City Hall in recent weeks. City Council members are moving into the final phase of their budget deliberations.

Local Environmental Issues More Measurable, Says Ex-EPA Official

James Palmer Jr., an attorney at Butler, Snow, O’Mara, Stevens & Cannada PLLC, returned this year from his stint as the administrator for Region IV of the U.S. Environmental Protection Agency.

Bass Berry Shaves Staff, Channels 24 and 30 Push Mandatory Furloughs

The ground continues to shift beneath the feet of employees in a variety of fields in Memphis.

Bass Berry & Sims PLC, with law offices in Memphis, Nashville and Knoxville, has let go 32 employees. That number includes six from the firm’s Downtown Memphis office – two lawyers and four staffers.

New Drug Coating For Implants Attracts Notice

Two professors from Memphis have invented a drug coating that may prevent infections in people with medical implants.

Local Weather
Memphis, TN
A Few Clouds
Wind: from the Southeast at 10.4 gusting to 18.4 mph
Humidity: 46%


The Downtown Parking Authority will meet today at 9 a.m. in the Center City Commission conference room, 114 N. Main St.

more events »

Aerotropolis Discussion Planned for Chamber Luncheon

The logistics and distribution industries are closely aligned with commercial real estate, and nowhere is their relationship more apparent than in the realm of an aerotropolis, in which a city’s economy is centered on its airport.

Clark Calls Foreclosure Counseling ‘Powerful’ Way to Help

As city and county leaders continued wrestling this week with the details of a lawsuit against national mortgage lending companies they’ve been planning for months to drag into court, Emily Clark’s phone keeps ringing.

Baker Donelson’s Johnson Discusses Variety, Joy of Intellectual Property Practice

Valerie Walsh Johnson is of counsel at Baker, Donelson, Bearman, Caldwell & Berkowitz PC in the Intellectual Property Group. Her practice includes trademark prosecution and litigation, copyright licensing and enforcement, trade secrets, unfair competition, patent and technology licensing, advertising claims review and warranty advice.

New Members Added To State Election Panel

NASHVILLE (AP) – The State Election Commission has two new members, including the first woman to sit on the panel.

GM to Build Small Car in Mich., Tenn. or Wis.

WASHINGTON (AP) - General Motors Corp. said Wednesday that it has narrowed down the locations where it could build its new small car to factories in either Michigan, Tennessee or Wisconsin.

Lawmakers Debate Funding Governor's Pre-K Program

NASHVILLE, Tenn. (AP) - Future funding for Tennessee's pre-kindergarten program is becoming a sticking point among Democrats and Republicans as the legislative session ends.

TVA Considers Site for New Mini Reactor

KNOXVILLE, Tenn. (AP) - The Tennessee Valley Authority is considering being the lead site for a new mini nuclear reactor.

US to Issue New Executive Pay Curbs

WASHINGTON (AP) – The Obama administration will give a new U.S. Treasury official power to reject executive pay packages at firms that receive U.S. government assistance and wants legislation that would seek to tame compensation across the corporate world, an administration official said Wednesday.

Home Depot Raises Full-Year Earnings Guidance

CHICAGO (AP) - Home Depot Inc. reported Wednesday that its full-year earnings from continuing operations may come in better than previously forecast, thanks to a one-two combination of an improving housing market and strong sales in May.

Fed Survey Sees Signs Recession is Easing

WASHINGTON (AP) - The economy's sharp downhill slide eased in the late spring and hopes for future business activity improved, suggesting that the worst of the recession has passed.

Fed Lost $5.3B on Bear Stearns, AIG Holdings in Q1

WASHINGTON (AP) - The Federal Reserve lost $5.25 billion in the first quarter on the securities it acquired with last year's bailouts of Bear Stearns and insurer American International Group Inc., according to a report issued Wednesday.

P&G Taps Gary, Ind., Native McDonald to Lead

CINCINNATI (AP) - Procter & Gamble Co. said Wednesday it chose 29-year company veteran Bob McDonald, citing his broad global experience, to lead the world's largest consumer-products company.

Kennedy Health Plan Aids Elders, Young Adults

WASHINGTON (AP) - Proposals that would help disabled seniors and healthy young adults are among dozens of provisions tucked into sweeping health care legislation that senators will begin considering next week.

Fiat Closes Deal to Take Bulk of Chrysler's Assets

DETROIT (AP) - Italy's Fiat is the new owner of most of Chrysler's assets, closing a deal Wednesday that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat's chief executive.

Report: Times Co. Will Take Bids to Sell Globe

BOSTON (AP) - The New York Times Co. appears interested in getting rid of The Boston Globe, hiring investment bank Goldman Sachs to manage a potential sale of a newspaper that has plummeted in value since its purchase in 1993, the Globe reported Wednesday.

AP IMPACT: $2.5B Spent, No Alternative Med Cures

BETHESDA, Md. (AP) - Ten years ago the government set out to test herbal and other alternative health remedies to find the ones that work. After spending $2.5 billion, the disappointing answer seems to be that almost none of them do.

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