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VOL. 123 | NO. 187 | Wednesday, September 24, 2008

Credit Crisis Pain Felt in Memphis

During the question-and-answer part of FedEx Corp.’s earnings conference call Thursday, the first question came from Morgan Keegan & Co. analyst Art Hatfield, and he quickly got to the point.

Clinic Expands Heart Rhythm Staff

More than 2.2 million Americans are affected by atrial fibrillation, according to the American Heart Association.

Recommendation Expected From Pyramid Committee

The Shelby County Board of Commissioners this week delayed a vote on a resolution that would take the group out of The Pyramid business.

AAA: Nashville Gas Shortage Worst in Southeast

NASHVILLE (AP) – Nashville continues to see the worst gasoline shortage in the Southeast, the region hardest hit by supply problems after Hurricane Ike.

Maple Grove Development Emerges as Safe Bet for Builders

Construction loans are few and far between these days as builders cope with the housing downturn by financing – and therefore starting – fewer homes.

Local Weather
Currently
Memphis, TN
82.0°F
Mostly Cloudy
Wind: West at 4.6 mph
Humidity: 72%

EVENTS

Talk Shoppe will present “Test Drive the Master Mind Principle Success Formula with Talk Shoppe and the Small Business Chamber” today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. For more information, call Jo Garner at 759-7808.

more events »

Landmark Community Bank Names Newell Chairman of Board

Chuck Newell has been elected chairman of the board of directors of Landmark Community Bank and will be based in Landmark’s Collierville branch.

FDIC Chief Wants Home Loans Part of Bailout Plan

WASHINGTON (AP) - As Congress moves on the financial bailout plan, restructuring of troubled mortgages should be part of the final package, the head of the Federal Deposit Insurance Corp. said Tuesday.

Japan's Nomura Buys Lehman's Europe, Mideast Units

TOKYO (AP) - Nomura, Japan's largest brokerage, said Tuesday it would buy the European and Middle Eastern operations of Lehman Brothers - just a day after disclosing it had acquired the Asian units of the failed U.S. investment bank.

Bush Confident Congress will Quickly Pass Bailout

UNITED NATIONS (AP) - President Bush tried to assure world leaders on Tuesday that he is acting decisively and quickly to contain a U.S. financial crisis that is going global.

Bristol-Myers Launches Sweetened Bid for ImClone

NEW YORK (AP) - A rebuffed Bristol-Myers Squibb Co. is trying to entice the shareholders of biotech company ImClone Systems Inc. with a sweetened $62-per-share tender offer.

Iranian President Blames US for Market Collapse

UNITED NATIONS (AP) - Iran's president blamed U.S. military interventions around the world in part for the collapse of global financial markets ahead of his speech Tuesday to the U.N. General Assembly.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 170 7,919
MORTGAGES 93 201 9,400
FORECLOSURE NOTICES 0 8 1,366
BUILDING PERMITS 0 130 16,737
BANKRUPTCIES 46 101 5,507
BUSINESS LICENSES 37 69 3,017
UTILITY CONNECTIONS 0 47 3,297
MARRIAGE LICENSES 33 70 1,758

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The Memphis News: Business, politics, and the public interest.