VOL. 123 | NO. 184 | Friday, September 19, 2008
When Oscar Edmonds III bought St. Clair Foods in 1976, the company employed two people and manufactured four salad dressings in an 1,800-square-foot space off Highland Avenue.
Memphis City Council members left their public meeting at City Hall last week convinced they now have a more complete understanding of Memphis City Schools demographics. That feeling might prove to be short-lived.
Memphis Mayor Willie Herenton said Thursday no decision has been made on the idea of a new convention center, much less the cost of such a center and its location.
Weiss Spicer Cash PLLC, a Memphis law firm that focuses on real estate transactions, recently became a member of Fannie Mae’s Retained Attorney Network.
Shelby County government may or may not give up its share of The Pyramid in advance of a deal to bring Bass Pro Shops there. The Shelby County Board of Commissioners will make that decision Monday.
WASHINGTON (AP) – Scrambling to break the grip of a worsening global credit crisis, the Federal Reserve stepped up action Thursday by pumping billions into financial markets here and abroad.
When he was an assistant public defender and an assistant district attorney in the 1980s, John Fowlkes used to measure whether it was a busy day by if he could carry all of his case files under one arm. One arm was busy. Two arms meant he was slammed.
NEW YORK (AP) - Wall Street surged higher Thursday, with the Dow Jones industrials up more than 400 points after a report that the federal government is considering creation of a repository for banks' bad debt.
NEW YORK (AP) - The worst global financial crisis since the Great Depression forced the Federal Reserve and central banks in other countries to pump billions of dollars into the world's banking system in an urgent bid to stop further damage.
VIENNA, Austria (AP) - Concerns over deepening turmoil in the U.S. financial system briefly propelled oil prices above $100 a barrel Thursday as investors turned away from equities in favor of commodities. Unrest in oil-rich Nigeria also supported prices.
NEW YORK (AP) - Dow Jones & Co. said Thursday that Kraft Foods Inc. will replace struggling insurer American International Group Inc. in the Dow Jones Industrial Average when trading begins Sept. 22.
NEW YORK (AP) - The economy's health dropped for the second consecutive month in August as building permits dropped and unemployment claims rose, a private business group said Thursday.
ATLANTA (AP) - Delta Air Lines Inc., the nation's third-largest carrier, said Thursday it expects to end the year with slightly less cash on hand that previously forecast.
MINNEAPOLIS (AP) - Northwest Airlines says it could make a pretax profit of $60 million to $100 million in the quarter.