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VOL. 124 | NO. 124 | Friday, June 26, 2009

Herenton Resigns

Job became ‘routine,’ mayor says

It’s over.

Labor Secretary Touts Green Jobs During Visit

U.S. Labor Secretary Hilda Solis toured Sharp Manufacturing Co. this week as she touted a green jobs movement across the country encouraged and supported by training programs.

Election Commission Pushes to Ease Public Access

A Memphis news organization last month requested financial disclosures from local elected officials including city and county mayors and members of the Memphis City Council. The price to obtain those records: more than $400.

Big Demand Drives Ghost River Brewing To Expand

Less than a year after handcrafting its first batch of beer, Memphis-based Ghost River Brewing is expanding.

Ridder Takes Oath in Bittersweet Circumstance

As she took the oath of office this week as a Circuit Court judge, Lorrie Ridder told a group of friends, family and fellow judges that the experience was bittersweet.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: North at 16.1 mph
Humidity: 48%


A TennCare Continuing Legal Education Clinic will be held today from 11 a.m. to 12:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave.

more events »

Fowlkes Takes Helm At Small Business Chamber

Becoming the executive director of the Memphis Small Business Chamber is another facet of coming home for Andre K. Fowlkes.

Shelby County Unemployment Rate Rises Slightly

Tennessee's seasonally adjusted unemployment rate for May 2009 was released last week at 10.7 percent, 0.8 percentage point higher than the April rate of 9.9 percent. The national unemployment rate for the month of May was 9.4 percent.

GM Decision Leaves 2,500 Tennessee Workers on Edge

CHATTANOOGA, Tenn. (AP) - A decision by General Motors to build its new small car in Michigan leaves about 2,500 employees at the Spring Hill plant wondering what is next for them.

Billionaire Stanford Pleads Not Guilty To Fraud

HOUSTON (AP) – Texas billionaire R. Allen Stanford pleaded not guilty Thursday to charges he swindled investors out of $7 billion as part of a massive investment scam.

Vice Chairman to Become Kroger President

CINCINNATI (AP) - The nation's largest traditional grocery store chain said Thursday the company will have a new president.

Jobless Claims Rise; GDP Dips at Lower Pace in Q1

WASHINGTON (AP) - Despite persistent layoffs, the economy seems to be faring better than it was at the start of the year.

Bernanke Says He Didn't Bully BofA to Buy Merrill

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke faced an unusual political trial Thursday and disputed accusations that he pressured Bank of America to acquire Merrill Lynch in a deal that cost taxpayers $20 billion.

AIG Moves to Spin Off 2 Units, Reduce Gov't Debt

NEW YORK (AP) - American International Group Inc. said Thursday it will reduce outstanding federal loans by $25 billion by giving the government a preferred stake in two units that will be spun off from the insurance giant.

Judge Denies GM Retirees' Request for Committee

NEW YORK (AP) - A bankruptcy judge on Thursday ruled that a group representing General Motors Corp.'s salaried retirees cannot form a formal committee to negotiate with the automaker as it attempts to reorganize and emerge from Chapter 11 as a new company.

Key Senator Says $1 Trillion Health Bill Possible

WASHINGTON (AP) - A bipartisan group of senators at work on health care reported progress Thursday in holding the cost of legislation to their $1 trillion target, but Republicans quickly added there was no agreement on even the outlines of a bill.

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PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762

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