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VOL. 124 | NO. 141 | Tuesday, July 21, 2009

Stanley Target of Extortion Attempt In April TBI Says

"Explicit" Photos of Intern Involved

The TBI is investigating an alleged attempt to extort $10,000 from state Sen. Paul Stanley, of Germantown.

Morgan Keegan Draws Heat From SEC, Ala. Agency

Two regulatory bodies took enforcement action against Memphis-based Morgan Keegan & Co. Inc. Tuesday morning.

Four Plead To Federal Charges In County Clerk Corruption Probe

The probe of corruption at the Shelby County Clerk’s office moved into federal court Tuesday afternoon as four people pleaded guilty to federal charges.

Q2 Biz Permits Drop Nearly 9 Percent

Duncan Aiken realizes he’s taking a risk by opening a restaurant during a prolonged recession at the same location where a previous one failed.

Fayette Rail Yard Expected to Spark Business Activity

Don Culbreath has about 200 acres for sale in Chickasaw Trails Industrial Park, a 2,600-acre site in Marshall County, Miss., but so far no one has shown any interest in buying the land.

Local Weather
Memphis, TN
Light Rain
Wind: Southeast at 5.8 mph
Humidity: 93%


The Memphis Bar Association will hold a continuing legal education seminar today from noon to 1 p.m. at the MBA office, 80 Monroe Ave., Suite 220. Arthur Chapman of Cornerstone Settlements will speak about comprehensive settlement planning. To register, visit www.memphisbar.org/cle.

more events »

Council Faced With School Funding Vote

City of Memphis officials say a local judge should decline to hear Memphis City Schools’ emergency request for city funding to help pay its budget for the 2009-2010 school year.

Barboro Flats Developer To Begin Second Phase

100 S. Main St.

Morgan Stanley Paying $500K in Settlement with SEC

WASHINGTON (AP) - Morgan Stanley on Monday agreed to pay a $500,000 penalty to settle federal regulators' charges that it misled customers in its Nashville office about the money management firms it recommended and from which it received commissions.

Neediest Areas Not First for Stimulus

SABINAL, Texas (AP) – Under the Obama administration’s economic stimulus plan, needy communities were supposed to be first in line for money to rebuild highways and jump start the economy.

Company Forecasters Less Pessimistic

WASHINGTON (AP) - With the U.S. economy expected to emerge this year from the longest recession since World War II, business forecasters are feeling a bit less gloomy about the future.

World Steel Output Down 21 Pct in First 6 Months

BRUSSELS (AP) - World steel output plunged 21.3 percent in the first six months of 2009 from a year ago, the main steel industry group said Monday.

Obama Challenges GOP Critics on Health Care

WASHINGTON (AP) - President Barack Obama pushed back hard against Republican critics of his health care overhaul plan Monday, vowing to fight "the politics of the moment" but gave ground on his tight timetable for passage of legislation.

Govt.'s Potential Wall Street, Bank Support $24 Trillion

WASHINGTON (AP) - The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a watchdog report said Monday.

White House Putting Off Budget Update

WASHINGTON (AP) - The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today's bleak landscape.

Boston Globe Union Has 2nd Vote on Wage Cuts

BOSTON (AP) - Reporters and editors at The Boston Globe are set to vote for a second time on whether to accept a new contract that gives the financially struggling newspaper $10 million in concessions.

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PROPERTY SALES 86 374 7,749
MORTGAGES 89 414 9,199
BUILDING PERMITS 197 1,007 16,607
BANKRUPTCIES 45 279 5,406

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