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1. Wells Fargo Fined $1B for Mortgage, Auto Lending Abuses
- Monday, April 23, 2018
NEW YORK (AP) — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses.
2. Fewer Americans Buying Insurance in Coastal Areas
- Tuesday, September 5, 2017
PLANTATION, Fla. (AP) – Amanda Spartz nearly did not renew her home's flood insurance policy after her first year in Florida. Two hurricanes came close to the Fort Lauderdale suburbs last year, but they didn't hit and her home isn't in a high-risk flood zone. She figured she could put the $450 annual premium, due next week, to another use.
3. For New Plough Center Director, Job is a Calling
- Thursday, January 12, 2017
For Dr. Harry Kochat, the best parts of working in pharmaceutical development are the interactions with grateful patients. Like the one he remembers from early in his career, when Kochat – whose work has focused on the development of life-saving drugs for more than three decades – encountered a mother and her young son.
4. Home Depot: US Credit Card Firms Slow to Upgrade Security
- Thursday, June 16, 2016
ATLANTA (AP) – Visa and MasterCard are using security measures prone to fraud, putting retailers and customers at risk of thieves, The Home Depot Inc. says in a new federal lawsuit.
5. Banks Fined More Than $5 Billion, To Plead Guilty to Market Rigging
- Thursday, May 21, 2015
WASHINGTON (AP) – Four of the world's biggest banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the currency markets – a rare instance in which federal prosecutors have wrung an admission of criminal wrongdoing from a major financial institution.
6. Fresh Selection
- Saturday, February 28, 2015
It would seem I Love Memphis blogger Holly Whitfield was correct last year with a forecast that called for a “permanent Foodnado” in Memphis.
7. First Time Advertisers Gamble on Super Bowl Ads
- Thursday, January 29, 2015
NEW YORK (AP) – More Super Bowl ad rookies will be trying to score a touchdown this Sunday.
There will be 15 new Super Bowl advertisers this year, the most since 2000, before the economy fell into what would be the first of two recessions since. Advertising experts say the rookie interest in Super Bowl ads is a positive sign that companies are feeling good in the most recent economic recovery.
8. Morgan Stanley Says Employee Stole Client Data
- Tuesday, January 6, 2015
NEW YORK (AP) – An employee of Morgan Stanley's wealth management business stole information on about 350,000 clients and posted some of it on the Internet, the investment bank said Monday.
9. US Companies Eager to Embrace Cuba Face Hurdles
- Tuesday, December 23, 2014
WASHINGTON (AP) – Cargill aims to sell more corn and soybeans. MasterCard covets another site for Americans to swipe credit cards. Marriott sees beachfront property that needs hotels.
And outside Orlando, Florida, Danny Howell just knows there would be demand for his classic Chevrolet parts.
10. Median CEO Pay Crosses $10 Million in 2013
- Wednesday, May 28, 2014
NEW YORK (AP) – They're the $10 million men and women.
Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for the first time last year. The head of a typical large public company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in 2012, according to an Associated Press/Equilar pay study.
11. Twitter Soars in Market Debut
- Friday, November 8, 2013
NEW YORK (AP) – Shares of Twitter went on sale to the public for the first time Thursday, instantly leaping more than 70 percent above their offering price in a dazzling debut that exceeded even Wall Street's lofty hopes.
12. Joyful Noise
- Thursday, April 5, 2012
Memphis has a major new advocate of live, original music.
It’s Madison Line Records, a locally based full-service nonprofit record label launched by Visible Music College, which itself offers a variety of music industry programs and classes.
13. Biofuel Firms Seek New Life Amid Changes
- Monday, November 15, 2010
While the Mississippi Delta region is considered a centerpiece of agricultural diversity and productivity in the southern U.S – distinguished by a variety of soil types, favorable climate and fairly long growing season – the biofuels industry must become viable to take advantage of the area’s assets.
14. Biotech Originator Helps New Crop Of Inventors
- Wednesday, February 13, 2008
The entrepreneur who created Memphis' first biotech business is now helping a new generation of inventors.
Preston Dorsett three weeks ago was named executive in residence at Memphis Bioworks Foundation, but has quickly gravitated to Innova, a business development project that grew out of Bioworks. Innova identifies promising technology and helps scientists turn their ideas into new local businesses.