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VOL. 124 | NO. 172 | Wednesday, September 2, 2009

UTHSC Chancellor Resigns Top Job

Dr. Hershel P. “Pat” Wall, the chancellor of the University of Tennessee Health Science Center, announced Wednesday that he will step down at the end of the month after more than 50 years of service at the institution.

City Council Questions Consolidation Fast Track

Most of the members of the Memphis City Council Tuesday talked over the move toward appointment of a Metro Charter Commission.

Feds Seize Money From Cordova Orthotics Company

The federal government has seized more than $600,000 from NewGen Advance Orthotics Lab Inc. of Cordova and the company is fighting to get the money back.

Logistics Study: While in Good Shape, Memphis Must Stay on Toes

Preliminary findings of the “Memphis Regional Intermodal Infrastructure Assessment” reveal that Memphis is positioned well for the future thanks to a healthy network of transportation assets, but the city also needs to be wary of changing global supply trends that could leave it lagging behind peer cities.

Moody’s Economist To Offer Insights For Local Players

The Economic Club of Memphis is bringing Mark Zandi, chief economist and co-founder of Moody’s Economy.com, to the city later this month to give a dinner presentation at the Holiday Inn-University of Memphis.

Cadence Pulls Back On Stock Offering

Pointing to a continued weakness in the economy and an inability to raise capital on the best terms at the moment, Starkville, Miss.-based Cadence Bank has decided to shelve a planned stock offering.

Homeowners Prepare for Central Gardens Tour

Rick Clark took advantage of unusually cool weather this week to spread gravel along the path through his shade garden in preparation for the Central Gardens Home & Garden Tour on Sept. 13.

Dress Newest Pathologist At Pathology Group of the MidSouth

Dr. Matthew A. Dress has joined Pathology Group of the MidSouth PC as its newest pathologist.

Dems to Give Cash Collected in Buckets to Charity

NASHVILLE, Tenn. (AP) - Buckets of cash collected for a state legislative candidate during a major fundraising dinner put the Tennessee Democratic Party on the wrong side of state campaign finance regulations.

Tenn. Firm to Build Portable Disaster Shelters

CHATTANOOGA, Tenn. (AP) - A defense contractor said Tuesday it will start building portable shelters for natural disasters and war zones that quickly unfold like a Transformer toy.

Tupelo Business Incubator to Expand

TUPELO, Miss. (AP) - Lee County's business incubator will expand with the help of a $2.7 million federal grant.

Miss. Tax Collections 2 Percent Behind in August

JACKSON, Miss. (AP) - Officials said Tuesday that Mississippi tax collections fell 2 percent short of expectations in August.

Report: Bank of America Offering to Repay Some Aid

CHARLOTTE, N.C. (AP) - Bank of America Corp. is looking to pay back some of the billions in federal bailout aid it has received in an effort to get out from underneath the government's thumb, according to a published report.

July Pending Home Sales Rise To Two-Year High

WASHINGTON (AP) – A gauge of future U.S. home sales rose more than expected in July to the highest level in more than two years as first-time buyers rushed to take advantage of a tax credit that expires this fall.

American to Cut 921 Flight Attendants' Jobs

DALLAS (AP) - American Airlines is cutting 921 flight attendant jobs as it deals with an ongoing downturn in traffic and lower revenue.

Airline Industry Lost Over $6 Billion in 1st Half

GENEVA (AP) - Airline companies lost more than $6 billion during the first half of the year due to the economic crisis, even as fresh figures showed some signs of recovery in the passenger and freight business, an industry group said Tuesday.

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PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700

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