VOL. 123 | NO. 137 | Tuesday, July 15, 2008
MEMPHIS (AP) - Regional bank First Horizon National Corp. swung to a loss during the second quarter due to a sharp increase for loan-loss provisions, according to a company announcement Tuesday.
As the U.S. prepares for a presidential election and looks forward to the Olympics in China, the year strikes an uncanny resemblance to 1988, when George H.W. Bush won the White House and Seoul, South Korea, hosted the Summer Games.
The city of Memphis has filed a legal counter claim against the Memphis school system claiming the school system owes it millions.
A new restaurant in the Cooper-Young neighborhood and a Wal-Mart Supercenter in Cordova are closer to reality following their respective approvals at last week’s Memphis-Shelby County Land Use Control Board meeting.
WASHINGTON (AP) – The Federal Reserve has adopted rules to give homebuyers more protection from the types of shady lending practices that have contributed to the housing crisis and propelled foreclosures to record highs.
They agreed on a number of things: Gas prices are too high, mortgages are too risky and the war in Iraq should end.
1248 Lapaloma St., Memphis, TN 38114, Permit Amount: $4 Million -
LaPaloma Treatment Center is preparing to break ground on a new wing for its 10-acre campus on Lapaloma Street, south of Lamar Avenue near Foster Avenue in the Defense Depot area.
WASHINGTON (AP) – Scrambling to bolster eroding investor confidence, the Federal Reserve and the Treasury Department have announced steps to brace slumping mortgage giants Fannie Mae and Freddie Mac.
The federal government’s seizure of IndyMac Bank is deepening worries among executives, regulators and consumers about the U.S. banking industry, which is in a tightening bind following a long run of prosperity.
WASHINGTON (AP) - A foreclosure aid plan that was facing a sluggish trip through Congress has a powerful new engine behind it: the Bush administration's urgent request to rescue mortgage giants Fannie Mae and Freddie Mac.
NEW YORK (AP) - Investors bailed out of investment bank stocks Monday as concerns about the credit crisis prompted one analyst to call for Lehman Brothers Holdings Inc. to go private.
NEW YORK (AP) - Freddie Mac attracted more bidders Monday for a highly anticipated auction of $3 billion in short-term securities than it had nearly all year, a day after the federal government provided support for the mortgage giant.