VOL. 125 | NO. 142 | Friday, July 23, 2010
Banking industry improves as focus shifts to community
The financial services industry in Memphis is apparently back to thinking about tomorrow, rather than simply making it through today.
Jim Rout was an elected official in Shelby County for nearly 30 years and served two terms as the county’s mayor, beginning in 1994.
This spring, Memphis Mayor A C Wharton Jr. announced the launch of “Bank On Memphis,” a financial literacy campaign whose goal is to bring “unbanked” Mid-Southerners into the financial mainstream.
Accredo Health Group’s revenues hit $2.8 billion during the second quarter as the Memphis-based provider of specialty pharmaceuticals hit another sales record.
The Conrad Pearson Clinic Urology Center of the South is trying to convince the state of Mississippi to allow a $6.6 million investment for an advanced radiation therapy device at its Southaven location.
At a clip of more than 7,000 voters a day this week, early voting in advance of the Aug. 5 Election Day is on pace to triple the 31,000 total early voters in advance of the May 4 county primaries.
A luxury hotel planned for the corner of Linden Avenue and Fourth Street got a big boost this week with the approval of $45 million in taxable revenue bonds from the Industrial Development Board.
For Pete’s sake, it’s Sam’s.
The city of Memphis will soon launch an ambitious anti-poverty initiative thanks to funding that a group of national foundations has pooled together at the request of New York City Mayor Michael Bloomberg.
MEMPHIS (AP) — Paper and packaging producer International Paper Co. said Thursday it agreed to sell 163,000 acres of land in the southeastern U.S. to a Rock Creek Capital affiliate for about $200 million.
DYERSBURG, Tenn. (AP) — Knoxville Mayor Bill Haslam on Thursday responded to negative television ads by a rival Republican gubernatorial candidate by launching a double-length spot of his own.
NASHVILLE, Tenn. (AP) — The state says more than 150,000 Tennesseans have already voted early for the August election.
WASHINGTON (AP) — Federal officials on Thursday defended their response to historic flooding in Tennessee that killed 22 people earlier this year, while acknowledging they could have done a better job of warning the public of the potential devastation.
WASHINGTON (AP) – A flurry of strong earnings reports renewed Wall Street’s optimism in the economic recovery, even as new data Thursday showed homes sales sinking and claims for unemployment benefits rising.
NEW YORK (AP) — UPS isn't expecting U.S. consumers to significantly increase spending anytime soon. Instead, it's counting on businesses to push the economy — and UPS' domestic business — slowly forward with overdue purchases of computers and other electronics.
WASHINGTON (AP) — Federal checks could begin flowing again as early as next week to millions of jobless people who lost up to seven weeks of unemployment benefits in a congressional standoff.
WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke told Congress Thursday that the fragile economy needs government stimulus spending to strengthen the recovery and help reduce unemployment.
WASHINGTON (AP) — Senate Democrats on Thursday abandoned plans to pass an energy bill that caps emissions of carbon dioxide, saying Republicans refuse to support the measure.
NEW YORK (AP) — The lowest mortgage rates in decades are just too good for some people to pass up.