VOL. 122 | NO. 175 | Monday, September 17, 2007
Medical firms could weather poor economy
In a sluggish economy replete with residential housing woes, it's easy to see how real estate and its peripheral industries can suffer.
Commenting on the sale of Coors Brewing Co.'s Memphis plant to an employee-led group of investors in 2006, company president and CEO Leo Kiely reportedly called the transaction the most important milestone in a companywide cost-savings effort.
John Warren is one small-business owner who has been busy lately. But it's not something he complains about. Warren has been busy opening the second location for what started out as his one-man venture, Workplace Essentials.
The University of Memphis area revitalization effort took a big step forward last month with the addition of its first full-time staff member.
The new ordinance taking the booze out of the city's strip clubs promises to fundamentally change the way clubs and other sexually oriented businesses have to operate. And the city's Alcohol Commission appears to be out of the business of regulating the clubs as the ordinance does not allow for alcohol sales or consumption on the premises.
WASHINGTON (AP) - Rates on 30-year mortgages dropped last week to the lowest point in four months, providing some relief for people hoping to refinance their existing mortgages.
WASHINGTON (AP) - Retail sales posted a modest gain in August, helped by the biggest jump in auto sales in more than a year. But there are concerns that spending could falter as the steep slump in housing and financial market turbulence weigh on consumer confidence.
CALABASAS, Calif. (AP) - Countrywide Financial Corp. boosted its borrowing capacity by $12 billion as the mortgage lender struggles to weather the slowdown in the housing market, the company said Thursday.