VOL. 124 | NO. 118 | Thursday, June 18, 2009
The end of fiscal year 2009 brought good news and bad news to FedEx Corp., which released its fourth quarter and full-year earnings report Wednesday.
About three months after New York-based investment firm Oppenheimer & Co. Inc. hired several former Stanford Group Co. financial advisers to open a Memphis office for Oppenheimer, the company is shutting it down.
Alan R. Price, a real estate appraiser based in Olive Branch, committed legal violations “indicative of fraudulent or intentionally misleading conduct,” according to a judgment handed down by the Tennessee Real Estate Appraiser Commission.
Attorneys and judges from throughout the state will convene this weekend at The Peabody hotel for the 2009 annual Tennessee Bar Association convention, where big-name speakers such as former Democratic U.S. Rep. Harold Ford Jr. will speak – and where current TBA president, George “Buck” Lewis, will pass the gavel to the new TBA president for 2010-2011.
One of the Center City Commission’s affiliate boards has added a new grant program to the toolbox of tax breaks and businesses incentives offered by the Downtown development agency.
Public broadcasting audiences in Memphis soon will have access to a new fountain of information about the mortgage crisis that will span TV, radio, the Internet and the printed page.
The Memphis Area Home Builders Association has unveiled its latest initiative to combat the stagnant housing market.
Jeannie M. Kosciolek is an attorney at Apperson Crump & Maxwell PLC, where she practices in divorce and family law as well as general civil litigation and elder law.
The Herenton administration’s No. 2 man announced Wednesday he is leaving City Hall.
NASHVILLE (AP) – State House Speaker Kent Williams said Wednesday he’s prepared to cancel his trade mission trip to Taiwan because balancing the state budget is more important.
NASHVILLE, Tenn. (AP) - Lawmakers say they have reached a tentative agreement to resolve major differences over Tennessee's $29.6 billion annual spending plan.
LANSING, Mich. (AP) - Michigan wants to prove that General Motors Corp. can profitably build small cars in the United States.
CHARLOTTE, N.C. (AP) - A congressional panel has invited Federal Reserve Chairman Ben Bernanke to testify on June 25 about allegations by Bank of America Corp. CEO Kenneth Lewis that government officials pressed him to buy Merrill Lynch & Co. after Lewis became aware of major losses at the investment bank.
NEW YORK (AP) - Prices for commodities like oil and gold reversed early losses and moved higher Wednesday as the dollar came under more pressure.
NEW YORK (AP) - Credit ratings agency Standard & Poor's on Wednesday cut ratings on 18 banks amid concern about further weakening in the financial sector.
WASHINGTON (AP) - President Barack Obama proposed sweeping new "rules of the road" for the nation's financial system Wednesday, casting the changes as a critically important response to the economic crisis and the greatest regulatory transformation since the Great Depression.
WASHINGTON (AP) - The Senate on Wednesday began writing legislation to revamp the nation's health care system, but its historic first step was overshadowed by partisan anger and cost problems that troubled lawmakers on both sides.
WASHINGTON (AP) - Senate Majority Leader Harry Reid said Wednesday that this is the last time Congress will go through the ordeal of passing an off-the-books, expensive bill to fund two wars. It may also be one of the more difficult.
NEW YORK (AP) - Struggling mall retailer Eddie Bauer Holdings Inc. filed for Chapter 11 bankruptcy protection on Wednesday but said a bidder already has agreed to keep the majority of its 371 stores open, honor gift cards and hold onto most employees.
WASHINGTON (AP) - President Barack Obama, whose gay and lesbian supporters have grown frustrated with his slow movement on their priorities, is extending benefits to same-sex partners of federal employees but stopping short of a guarantee of full health insurance, a White House official said.