VOL. 123 | NO. 180 | Monday, September 15, 2008
First United Methodist Church has filed a $5 million building permit with the city-county Department of Construction Code Enforcement to rebuild its church at 204 N. Second St., according to The Daily News Online, www.memphisdailynews.com. Its 113-year-old sanctuary was destroyed by fire in October 2006.
Officially, two weeks remain before seller-assisted down payment programs disappear, though lenders already have stopped submitting them to the Federal Housing Administration because the paperwork on those programs takes so long they can no longer meet the Oct. 1 deadline.
WASHINGTON (AP) – The federal government’s dramatic takeover of mortgage finance companies Fannie Mae and Freddie Mac raises many questions for the public at large as home prices continue to fall and the U.S. economy remains weak.
WASHINGTON (AP) – Wholesale inflation plunged in August by the largest amount in nearly two years, reflecting a steep drop in energy prices. But in less positive news, retail sales remained in the doldrums in August.
Online TV is becoming more and more popular, with one of the most popular online destinations being Youtube.com.
WASHINGTON (AP) - Two months after the White House called a highway trust fund rescue plan a "gimmick" and threatened a presidential veto, President Bush is expected to sign legislation infusing $8 billion into the financially teetering fund that supports road and bridge projects around the country.
WASHINGTON (AP) - Business inventories shot up in July by the most in four years as sales slowed.
CHATTANOOGA, Tenn. (AP) - A Nissan spokesman reported a "good response" to an employee buyout offer expiring Friday, but declined to say how many employees are taking the money.
NEW YORK (AP) - Washington Mutual Inc. said Thursday it will take another multibillion write-down for bad bets on mortgage securities, but insisted it has adequate capital to fund its operations amid concern about the thrift's financial stability.
SEATTLE (AP) - Six days into a strike by Boeing Co. aircraft assembly workers, there have been no direct talks between the aerospace company and the Machinists union.
The United States Transportation Command (USTRANSCOM) has awarded a $1.37 billion contract to FedEx Corp. and its team for international airlift services. The team is a consortium that also includes Air Transport, Atlas Air, Northwest Airlines, Omni Air International, Polar Air Cargo Worldwide and Tradewinds Airlines.