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VOL. 125 | NO. 189 | Wednesday, September 29, 2010

Baptist Wage Suit Loses Class Action Status

The suit alleging Baptist hospitals in Memphis engaged in unfair pay practices by making automatic meal deductions from employee paychecks and 30-minute payroll deductions for lunch breaks has lost its class action status.

Coming Together

On track for 2011 opening, Kroc Center seeks public input

With the steel girders of the Kroc Center Memphis now framing autumn sunrises, Salvation Army Area Commander Major Mark Woodcock thinks about new challenges when the $24 million facility opens late next year.

Council Redo On MCS Funding

Midtown Overlay Passes After Amendments

Memphis City Council members gave final approval Tuesday to a trio of pet ordinances, a new set of rules for false alarms, an amended Midtown overlay and approved a CVS pharmacy near the University of Memphis.

Panel Sounds Off on New Financial Reform Bill

The newly inked financial reform bill that spans 2,000 pages was unavoidably necessary medicine for the banking and finance industries.

FedEx Focused on Future

FedEx Corp. announced its goal to increase earnings per share by 10 to 15 percent yearly over the long-term and achieve 10 percent plus operating margins at this week’s annual stockholders meeting.

Local Weather
Memphis, TN
Partly Cloudy
Wind: South at 6.9 mph
Humidity: 90%


Baker, Donelson, Bearman, Caldwell & Berkowitz, PC will hold a Breakfast Briefing titled “Employee Privacy Claims” Wednesday from 7:30 a.m. to 9 a.m. at its downtown office, 165 Madison Ave. The event is free but seating is limited. To register, contact Nicolette Thomas at 577-2328 or nthomas@donelson.com.

more events »

Banks Look to Reshape Rocky Landscape

The Memphis and Tennessee economies are looking brighter compared to the country at large.

Commission Approves Whistle-Blower Ordinance

The Chancery Court fight over the Aug. 5 election results will likely be decided by the time new whistle-blower rules for Shelby County government are ready to use.

Indie Memphis Gets Boost with ‘Savage County’ Premiere

Indie filmmaker David Harris of Los Angeles is new to the world of feature-length films, but he fell in love with Memphis while shooting his first long piece on a shoestring budget here.

Andrasik Named Chair of UM Psychology Dept.

Frank Andrasik has been named chairman of the University of Memphis Department of Psychology.

Go Big or Go Home

There’s a phrase I’ve used through the years – “Go big or go home.” It embodies my die-hard philosophy that marketing should stand out from the crowd. And, you have to be willing to take risks to get the most out of a limited marketing budget.


MED Part of New Arkansas Trauma System

Arkansas named The Regional Medical Center at Memphis as one of its three official trauma centers Tuesday with an announcement by Gov. Mike Beebe.


Walgreen Q4 Profit Rises and Tops Estimates

NEW YORK (AP)Walgreen Co., the largest drugstore chain in the U.S., said Tuesday its net income rose 8 percent in the fiscal fourth quarter on higher prescription drug sales.

Consumer, Business Confidence Both Weaken

NEW YORK (AP) – Americans' view of the economy turned grimmer in September amid escalating job worries, falling to the lowest point since February.

Census Data: Marriages in 2009 at Record Low Level

WASHINGTON (AP) – The recession took a dramatic toll on the institution of marriage in America last year, new figures show, with weddings for people 18 and older at the lowest ebb in over a hundred years.

Survey: CEOs More Cautious About Sales, Hiring

NEW YORK (AP) – Top corporate executives aren't quite as optimistic about sales growth now as they were in June, suggesting that some are putting plans to hire more workers on hold.

Toys R Us to Hire 45,000 Workers for Holidays

WAYNE, N.J. (AP) – Toys R Us will hire about 45,000 employees to help with the holiday season, doubling its U.S. work force.

JPMorgan Says it May Seek to Recoup WaMu Funds

WASHINGTON (AP)JPMorgan Chase & Co. has notified federal regulators that it may seek to recoup the money it used to buy the assets of fallen Washington Mutual Inc., or even more.

Judge Allows United-Continental Deal to Proceed

SAN FRANCISCO (AP) – A federal judge has declined to block the combination of United Airlines and Continental Airlines, clearing the way for the deal to close by Friday.


Senate Dems Try to Punish Firms That Export Jobs

WASHINGTON (AP) – U.S. companies that close domestic plants and open new ones overseas would see their taxes increase under bill Democrats are bringing before the Senate Tuesday as part of the majority party's closing argument of the midterm elections.

Senate to Move on Stopgap Spending Bill

WASHINGTON (AP) – Lawmakers are largely ignoring an Obama administration shopping list as they fashion a stopgap spending bill that's needed to avoid a government shutdown Friday.

IRS Won't be Mailing Tax Forms Next Year

WASHINGTON (AP) – Don't look for tax forms and instructions in your mailbox next year. The Internal Revenue Service has decided to stop mailing them because so many people now file electronically.

47 House Dems Want to Extend Investment Tax Cuts

WASHINGTON (AP) — A group of 47 House Democrats are telling party leaders they want to continue Bush-era tax cuts on investment income, breaking ranks with President Barack Obama and exposing divisions among Democrats over their party's pre-election message about taxes.

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PROPERTY SALES 83 363 9,932
MORTGAGES 91 378 11,692
BUILDING PERMITS 213 788 21,098
BANKRUPTCIES 50 213 6,650

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