VOL. 124 | NO. 106 | Tuesday, June 2, 2009
Memphis Mayor Willie Herenton told City Council members Tuesday afternoon that the Memphis Sexual Assault Resource Center (MSARC) will remain a part of city government and will not be transferred to Shelby County government as long as he is mayor.
For the second time in two weeks, Memphis City Council members will discuss the management of the Memphis Sexual Assault Resource Center. The discussion is expected to dominate today’s council executive session at 1 p.m.
Shelby County Commissioners still have lots of work to do on a county operating budget for the new fiscal year as well as setting a county property tax rate.
To understand the sudden scrutiny of Consulting Services Group, a description of recent events in New York is in order.
After almost three hours of debate and comments from 58 citizens, the Shelby County Commission voted 9-4 Monday to promote a new anti-discrimination policy within county government.
Memphis-based Consulting Services Group, a major player in the pension consulting business, has been tied to the outer edges of the so-called “pay-to-play” pension consulting scandal unfolding in New York.
One Commerce Square at 40 S. Main St. sold Monday for $20 million on the Shelby County Courthouse steps.
FRANKLIN, Tenn. (AP) – State Senate Speaker Ron Ramsey’s entry Monday into the Tennessee governor’s race marks a new phase of an arduous – and expensive – Republican primary campaign.
GREENSBORO, N.C. (AP) – FedEx Corp. was beginning operations Monday at a new $300 million hub at Piedmont Triad International Airport, but the company had no immediate plans to expand the work force there because of concerns about the economy.
ATLANTA (AP) – SunTrust Banks Inc. reported Monday it is raising $1.4 billion through a common stock offering as part of its plan to generate the cash necessary to meet a reserve requirement outlined by the government last month.
Homes in Memphis are averaging 115.6 days on the market, a number that has risen during the past couple of years as residential real estate has suffered a continuing slump.
2177 Covington Pike, Memphis, TN 38128, Sale Amount: $2.5 Million -
The car dealership at 2177 Covington Pike in Raleigh was sold back to the lender, First Tennessee Bank NA, May 22 on the Shelby County Courthouse steps in a substitute trustee’s sale. The bank reacquired the property, formerly home to Collier Lincoln Mercury, for $2.5 million.
NEW YORK (AP) - A Goldman Sachs analyst upgraded real estate broker CB Richard Ellis Group Inc. on Monday, saying that although he expects transactions to remain low until 2010 and continued pressure on earnings, the stock's price makes it more attractive.
SPRING HILL, Tenn. (AP) - As one of 2,500 workers at the General Motors plant that will be idled at least temporarily in November, Michelle Burley has a suggestion for young car buyers: "Buy American and protect American jobs."
BEIJING (AP) - As the federal budget deficit soars into the stratosphere, Treasury Secretary Timothy Geithner is reassuring the Chinese – the largest holders of U.S. government debt – that the Obama administration is serious about restoring fiscal discipline once the current economic crisis is resolved.
NEW YORK (AP) - A federal bankruptcy judge approved the sale of most of Chrysler LLC's assets to Italy's Fiat, moving the American automaker a step closer to its goal of a quick exit from court protection.
The chief executive of DirecTV Group Inc. is in talks to return to News Corp. to be Rupert Murdoch's second in command.
NEW YORK (AP) - Long-term bond yields climbed sharply on Monday as improving sentiment on the economy sapped demand for government debt.