VOL. 123 | NO. 141 | Monday, July 21, 2008
Q2 court filings on par with last year
Memphis City Schools in June filed a lawsuit in Shelby County Chancery Court against the city of Memphis because of the City Council’s cutting of nearly $70 million in funds for MCS.
Ten individual businesspeople are each putting up $1,000 on the condition of anonymity, Cooper said.
The long-awaited staff cuts at the Memphis branch of the Federal Reserve Bank of St. Louis became a reality over the weekend as 36 check processing employees were formally laid off, slashing its workforce of 136 by about a quarter.
NEW YORK (AP) - Freddie Mac Chairman and Chief Executive Richard Syron pocketed nearly $19.8 million in compensation last year, according to a Securities and Exchange Commission filing Friday, even though the mortgage company's stock lost half its value in 2007.
NEW YORK (AP) - Prosecutors say they expect to bring more criminal charges against two former Bear Stearns hedge fund managers already charged with lying to investors about the collapse of the subprime mortgage market.
WASHINGTON (AP) - Medtronic Inc., the world's largest medical device maker, paid new Chief Executive Bill Hawkins compensation valued at $7.1 million for fiscal 2008, according to a proxy statement filed Friday.
The term “whale” is used in the world of casino gaming to describe the kind of gambler able to bet millions of dollars.
NEW YORK (AP) – Mortgage financier Freddie Mac took a step toward issuing common and preferred stock to help bolster its balance sheet Friday when it completed a filing with the Securities and Exchange Commission.
Kat Gordon, the owner of Muddy’s Bake Shop LLC, didn’t even realize when she opened the business Feb. 29 that it would mean the store could only have a “real” birthday every four years.
SEATTLE (AP) – Starbucks Corp. has named all 600 company-owned stores it plans to close in a bid to boost its business and weed out unprofitable locations, including a number in the Memphis area.