VOL. 122 | NO. 151 | Monday, August 13, 2007
MPO seeks public input on transportation plans
Take a moment to consider what Memphis and the surrounding area will look like 23 years from now. Where will the majority of people live and where will they work? How many businesses will have opened or closed, relocated or expanded?
The first major endorsement in Memphis' mayoral race by a former or current area mayor is the product of a relationship that stretches back to the 1980s.
Terry Schaf and a friend were doing some work on a shack that had no electricity when the idea for Power Source Plus Electric Co. Inc. was born. Because there was no electricity, they couldn't just plug their electrical tools into an outlet. So they adapted to their environment and a company was born.
LOS ANGELES (AP) - Countrywide Financial Corp. said Thursday that disruptions in credit and secondary mortgage markets pose a risk to the company and could hurt its financial condition in the short-term.
Garcia Wells Inc., the ownership group behind Garcia Wells Southwestern Grill, has filed a complaint for damages of $750,000 against its landlord, Overton Square Investors LLC, for allegedly breaching a 2005 lease agreement.
The people, who declined to be identified by name because the inquiry has not been publicly disclosed, described the examination as a routine part of the SEC's oversight authority and said it involved Goldman Sachs Group Inc., Merrill Lynch & Co. and several rival investment banks.
The Fed, in a short statement, said it will provide "reserves as necessary" to help the markets safely make their way. The central bank did not provide details but said it would do all it can to "facilitate the orderly functioning of financial markets."
According to the New York Fed's historical data, which goes back to July 2000, the bank in that time has never accepted that much in mortgage-backed securities in a three-day repurchase agreement.
NASHVILLE (AP) - Tennessee can do little to curb illegal immigration and its costs beyond urging the federal government to enforce its laws and fund the programs it requires state and local government to provide, according to a new report from the state comptroller's office.