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VOL. 123 | NO. 197 | Wednesday, October 8, 2008

Miss. Gaming Revenue Down 8 Percent

The conventional wisdom once held that the casino business is as recession-proof as selling bottled water in the desert.

St. Francis-Bartlett to Add Professional Building

With hopes of tapping into the growth at St. Francis Hospital-Bartlett, a local development firm in 2009 will build an $8 million, 60,000-square-foot medical office building on the hospital’s campus.

Commission to Weigh Pyramid Role – Again – Next Week

The Shelby County Board of Commissioners added to the anxiety Herenton administration negotiators are already experiencing over talks to bring Bass Pro Shops to The Pyramid.

Fed to Buy Billions in Short-Term Debt

WASHINGTON (AP) – The Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debts in a dramatic effort to break through a credit clog that is imperiling the economy.

Delta, Northwest Pilots Argue Over Seniority

ATLANTA (AP) – Delta Air Lines Inc. pilots want their seniority list merged with Northwest Airlines Corp.’s pilot list based on pilots’ status and aircraft category, while Northwest pilots insist the fair and equitable method is to merge the lists based on pilots’ date of hire.

Local Weather
Currently
Memphis, TN
65.0°F
Mostly Cloudy
Wind: South at 12.7 mph
Humidity: 56%

EVENTS

The Memphis Regional Chamber will hold chamber orientation today from 8 a.m. to 9:30 a.m. at the Memphis Regional Chamber, 22 N. Front St., Suite 200. The event is open to all members and prospective members. For reservations, contact Ericka Milford at 543-3518 or emilford@memphischamber.com.

more events »

U of M Appoints Meredith Director of Admissions

Dr. Todd Preston has joined the University of Tennessee Health Science Center’s Department of Otolaryngology as a specialist in head and neck cancer and reconstructive surgery. He also has been named assistant professor at UTHSC. Preston comes from the University of Iowa, where he completed his residency in head and neck surgery and was a clinical instructor.

Insurance Giant AIG's Role in Market Crisis Probed

WASHINGTON (AP) - Executives at American International Group Inc. hid the full range of its risky financial products from auditors as losses mounted, according to documents released Tuesday by a congressional panel examining the chain of events that forced the government to bail out the conglomerate.

August Borrowing Drops at 3.7 Percent Rate

WASHINGTON (AP) - Consumer borrowing fell in August for the first time in more than a decade as households, battered by rising job layoffs and the decaying economy, cut back sharply on their use of credit.

Energy Department Warns of Higher Heating Costs

WASHINGTON (AP) - Although global oil prices have plummeted, the cost of heating your home this winter will be a lot more expensive, especially for households that depend on fuel oil, the Energy Department predicted Tuesday.

Eli Lilly Settles Zyprexa Inquiries in 32 States

NEW YORK (AP) - Eli Lilly & Co. said Tuesday it will pay $62 million to resolve investigations into the marketing and promotion of its antipsychotic drug Zyprexa in 32 states and Washington, D.C.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 0 8,303 8,303
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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