VOL. 122 | NO. 172 | Wednesday, September 12, 2007
Arizona company taps into aerotropolis buzz near Memphis International
What's in a name?
Funding for the State Children's Health Insurance Program (SCHIP) - known in Tennessee as CoverKids - is set to expire Sept. 30.
Nursing professor Diana Baker has been named Baptist Memorial Health Care Corp.'s new coordinator for nursing research. Baker is the first person to hold the position. She has been in nursing for more than 40 years and most recently served on the faculty of the Baptist College of Health Sciences.
A period of self-examination often accompanies the prospect of changing jobs, however frightening or thrilling - or a little of both - the opportunity seems. And it isn't difficult to imagine what might have run through the mind of architect Michael Walker when he recently left his job at the firm JBHM Architects.
The two big plywood boxes with lights in City Council chambers that have shown council votes for nearly 20 years are gone. The "tote boards" have been replaced by flat screens that show and announce the council votes as they are recorded automatically in council records.
NEW YORK (Dow Jones/AP) - Wachovia Corp. is grabbing more mortgage business as a result of the recent shakeout in the industry, Chief Executive G. Kennedy Thompson said Monday.
FEDERAL WAY, Wash. (AP) - Weyerhaeuser, one of the world's largest lumber and paper companies, on Monday said it may close plants and cut back its wood products business because of protracted weakness in the housing market.
NEW YORK (AP) - SunTrust Banks Inc. expects the repricing of certain mortgage-related assets to hurt its third-quarter earnings by 20 cents per share, according to a Securities and Exchange Commission filing Tuesday.
NEW YORK (AP) - Defaults among companies with speculative-grade credit are likely to triple over the next year, underscoring the recent weakness in the debt markets, Moody's Investors Service said Tuesday.
As more states and cities struggle to find the money to bail out homeowners caught up in the housing downturn, some Americans are wondering why government should be rewarding people for their greed or irresponsibility.
In these markets, everyone's afraid.
First Horizon National Corp. plans to cut its mortgage sales force by 50 percent, which translates into about 1,500 mortgage positions and about 500 additional positions, the Memphis-based company announced Wednesday. The cuts are expected to happen pretty quickly, said John Daniel, head of employee services for First Horizon/First Tennessee Bank.
Forest Hill cemeteries owner Clayton Smart has the money to hire attorneys to represent him on criminal charges. But he’s not likely to get out of jail any time soon.