» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 126 | NO. 155 | Wednesday, August 10, 2011

GTx Reports Net Loss of $10.7M

Memphis-based pharmaceutical company GTx Inc. reported Tuesday, Aug. 9, a net loss of $10.7 million in the second quarter compared with a net loss of $12.9 million for the same period in 2010.

Greener Gateway

‘Grand move’ will bring more trees, plants to airport area

Work crews unearthed an old concrete planter last week along the rapidly greening median strip along the Plough Boulevard connector to Memphis International Airport. And on Saturday, Aug. 6, they began laying out what will be an M-shaped planter that will be a visual centerpiece of the effort to make Plough Boulevard more of a Memphis gateway for those going to and from the airport.

Freedom Awards Expand for NCRM’s Anniversary

The National Civil Rights Museum will honor 14 people and two civil rights organizations at its annual Freedom Awards in November.

Decision Leaves Board Question Unanswered

Attorneys for all of the sides in the schools consolidation court case have a Friday, Aug. 12, deadline that will set the stage for the next crucial part of the landmark court case.

American Queen Steamboat Will Call Memphis Home

The city of Memphis now owns a $9 million interest in The American Queen steamboat, the only overnight cruise boat working the Mississippi River when it leaves its Memphis port in April.

Local Weather
Currently
Memphis, TN
75.0°F
Overcast
Wind: South at 8.1 mph
Humidity: 94%

EVENTS

The Memphis Talent Dividend will hold its report session Wednesday, Aug. 10, from 8:45 a.m. to noon at LeMoyne-Owen College, 807 Walker Ave. Dr. Richard Rhoda, executive director of the Tennessee Higher Education Commission, will discuss issues facing higher education. The MTD was created by Leadership Memphis to raise the college attainment rate in Memphis by 1 percent. The event is free and open to the public. To register, contact Fred Turverey at 278-0016 or fturverey@leadershipmemphis.org.

more events »

Status Update: Now Hiring

More and more companies are tapping into social networking sites during the recruitment process, giving job board sites a run for their money.

Duncan-Williams Adds To Private Client Group

Duncan-Williams. Inc. has added a new name to its growing private client group. David Hager has joined Duncan-Williams’ Memphis office as an annuity specialist in the private client group, and he brings more than 11 years of experience working with financial advisers as an annuity specialist providing product education, client recommendations, account reviews and marketing support.

BadgerSpot Mobile App Brings Printed Page to Life

The Memphis-based team behind BadgerSpot, a new “augmented reality”-based mobile phone application that’s now live in Apple’s app store, has developed what it’s describing as the digital version of a secret decoder ring that can unlock advertising, communication and social media possibilities for businesses.

CCHS to Open Family Medicine Center

Christ Community Health Services on Thursday, Aug. 11, will unveil the new University Family Medicine Center, a clinic in the heart of the Memphis Medical District that will serve medically underserved members of the community.

Haykal Recognized For Work in Psychiatry

Dr. Radwan Faysal Haykal, director of the Bipolar Spectrum Program at Lakeside Behavioral Health System and clinical professor of psychiatry at the University of Tennessee Health Science Center, has been inducted as a Distinguished Fellow of the American Psychiatric Association.

LOCAL COLUMNISTS

Mobile to Surpass Web by 2015

By 2015, more people will access the Web via a mobile device – such as a smartphone, Kindle, iPad, video game or GPS system – than through traditional desktop Internet access.

Tattoo You With Personality

It sure would make things easier if we had our personality types tattooed on our foreheads, wouldn’t it?

MEMPHIS AREA

University of Memphis Preparing Lambuth Campus

JACKSON, Tenn. (AP) – The University of Memphis is readying its new Lambuth campus in Jackson for classes that begin Aug. 27.

STATEWIDE

Eastman Buys Texas Chemical Company for $100M

KINGSPORT, Tenn. (AP) Eastman Chemical Co. has completed the acquisition of Sterling Chemicals Inc., a petrochemical producer, for $100 million.

Haslam Named Vice Chair of NGA Committee

NASHVILLE (AP) – Tennessee Gov. Bill Haslam has been named vice chairman of the National Governors Association Education, Early Childhood and Workforce Committee.

Nominees Named for State Education Awards

NASHVILLE (AP) – The Tennessee Department of Education has announced nominees for 2011 principal and supervisor of the year.

Storm Shelters May Qualify for State Tax Break

NASHVILLE (AP) – Storm shelters may qualify for state sales tax savings under recently passed legislation.

NATIONAL BUSINESS

GM to Halve Number of Vehicle Frames to Cut Costs

DETROIT (AP) General Motors Co. has plans to become leaner in the future, cutting costs so it will make even stronger profits than it has so far this year, company executives told industry analysts Tuesday.

Apple Passes Exxon as Most Valuable US Company

NEW YORK (AP) – Apple has surpassed Exxon Mobil as the most valuable company in the U.S. The milestone occurred shortly before 2 p.m. Tuesday. Apple Inc.'s stock gained 3.4 percent to $365.10 Tuesday afternoon, bringing the iPhone and iPad maker's market capitalization to about $338 billion.

Dust Settles, Airlines Finish Fare Roll-Backs

DALLAS (AP) – After more jockeying, all major U.S. airlines rolled back fares to about the same prices they were charging before federal ticket taxes expired two weeks ago.

US Workers Were Less Productive in the Spring

WASHINGTON (AP) – U.S. workers were less productive in the spring for the second quarter in a row, a trend that may not bode well for future hiring.

Newsstand Sales of US Magazines Down 9 Percent

NEW YORK (AP) – A new report says sales of U.S. magazines at newsstands and other retail outlets fell 9 percent in the first six months of the year in a sign of readers trimming discretionary spending.

NATIONAL POLITICS

Obama Announces Fuel Standards for Big Vehicles

WASHINGTON (AP) – Fire trucks and concrete mixers, semis, heavy-duty pickups and all trucks in between will, for the first time, have to trim fuel consumption and emissions of heat-trapping gases under new efficiency standards announced Tuesday by President Barack Obama.

REAL ESTATE

Regulator Sues Goldman Sachs Over Risky Mortgages

LOS ANGELES (AP) – The U.S. regulator of credit unions is suing Goldman Sachs & Co. for more than $491 million in damages over losses incurred by five failed wholesale credit unions that bought mortgage-backed securities from the investment bank.

HEALTH CARE

Blues Insurers Make Move to Expand Into Medicaid

HARRISBURG, Pa. (AP) – Two of the nation's largest not-for-profit health insurers said Tuesday that a new joint venture will provide an opportunity for Blues insurers nationwide to expand into Medicaid coverage just as states are seeking ways to save money in the program and the ranks of Medicaid enrollees is poised to grow.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 94 494 11,526
MORTGAGES 99 552 13,427
FORECLOSURE NOTICES 0 45 1,858
BUILDING PERMITS 135 926 24,165
BANKRUPTCIES 63 276 7,473
BUSINESS LICENSES 23 106 3,912
UTILITY CONNECTIONS 39 181 4,681
MARRIAGE LICENSES 10 74 2,544

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.