VOL. 126 | NO. 167 | Friday, August 26, 2011
Memphis discount retailer Fred’s Inc. saw its profit and total sales rise slightly in the second quarter, the company reported Thursday, Aug. 25.
Planners mull ways to improve transportation corridor
The city’s major corridor for moving freight is also the city’s most congested roadway. And since June, state and local transportation and logistics planners have had a study that suggests a set of seven options, most of which would represent major changes for Lamar Avenue between the Mississippi state line and Interstate 240.
In a press conference Thursday that at times touched on themes of class warfare and government overreach, Gibson Guitar chairman and CEO Henry Juszkiewicz struck back against the raid of his company’s factories and offices in Memphis and Nashville by federal agents several days ago.
A portfolio of office condominiums in Southeast Memphis have sold to a group of local investors.
The Memphis City Schools board and the Shelby County Schools board each approved the settlement of the schools consolidation lawsuit Thursday, Aug. 25, in separate meetings.
Preliminary figures released by the state of Tennessee Thursday afternoon, Aug. 25, show the Memphis area’s unemployment rate was 10.4 percent in July, down from a revised figure of 10.9 percent in June.
The Memphis Area Association of Realtors board of directors has named Melanie Blakeney as its executive vice president, effective Dec. 1.
The still-tentative settlement of the most political part of the schools consolidation lawsuit will mean a quick transition for the most critical player in the change – the county school board that becomes the countywide school board in five weeks.
“Demand is back” was the theme at the ninth annual Southern Lodging Summit held Downtown this week at The Peabody hotel and the Memphis Cook Convention Center.
In the age of Photoshopped billboard images, teenage breast augmentation and “Toddlers & Tiaras,” the Girls Scouts of America is preparing to celebrate 100 years of countering the latest trends through building girls’ courage, confidence and character.
Memphis-based TruGreen lawn care is changing its neighborhood sales strategy as the CEO of parent company, The ServiceMaster Co., continues to talk about the need for the company to improve its performance.
Born in the early 1970s, Danita Macon, director of data administration at the University of Memphis, is a product of the civil rights movement.
LIVE APPLAUSE. All are in the cast, all responsible for the experience, and all of us have a lot to show for it.
Part one of a four-part series Many organizations and institutions have been fortunate to receive federal funding for one or more projects. Some are small, one-year grants, others are large in relation to the size of the organization’s overall budget. Many have been multi-year grants.
NASHVILLE (AP) – A state legislative committee is planning to meet once again to scrutinize the commission that disciplines Tennessee judges.
NASHVILLE (AP) – Bill Hagerty, commissioner of Tennessee Economic and Community Development, has been named chairman of the board for the Tennessee Technology Development Corp.
WEST MEMPHIS, Ark. (AP) – The Delta Regional Authority and the Small Business Administration are announcing a new partnership aimed at recruiting financial institutions to the Delta to help businesses in the region.
NEW YORK (AP) – Warren Buffett is coming to the rescue of another fallen giant.
Airlines began to cancel flights and get planes out of the way as Hurricane Irene barreled toward the U.S. mainland on Thursday.
WASHINGTON (AP) – Americans' views on the economy have dimmed this summer. But so far, the growing pessimism doesn't seem to be taking a toll on President Barack Obama's re-election prospects.
OMAHA, Neb. (AP) – Federal authorities say Union Pacific retaliated against three employees who raised safety concerns, so the railroad should pay $615,215 in fines and compensation.
NEW YORK (AP) – Financial data and news company Bloomberg LP said Thursday that it will pay $990 million for BNA, a publisher of legal, tax and regulatory information.
SAN FRANCISCO (AP) – With Steve Jobs bowing out as CEO, Apple Inc. must persuade investors and consumers that it doesn't need the force behind the iMac, iPod, iPhone and iPad in charge to keep the technology hits coming.
NEW YORK (AP) – Analysts raised their profit estimates for CVS Caremark Corp. Thursday, a day after the drugstore chain and pharmacy benefits manager said it will buy back another $4 billion in stock.
WASHINGTON (AP) – Super-low interest rates haven't done what they usually do after a recession. They haven't ignited economic growth or revived the home market or persuaded consumers to spend freely again.
WASHINGTON (AP) – Thousands of Verizon workers on strike pushed the number of people seeking unemployment benefits last week to its highest level in a month.
WASHINGTON (AP) – Fixed mortgage rates edged up this week from their lowest levels in decades. But few have been able to capitalize on them.
WASHINGTON (AP) – Foreclosures made up roughly one-third of all home sales this spring. While that's a smaller share of sales from the previous quarter, it's six times the percentage of foreclosures in a healthy housing market.