VOL. 124 | NO. 161 | Tuesday, August 18, 2009
In a summer of political surprise and controversy, one of the local area's most volatile and enduring concepts is about to surface again.
To bounce back from a more than 30 percent slide in sales from 2007 to 2008, Jeff Johnson has several changes in the works for Sauces, the Downtown restaurant he’s owned since last year.
State Rep. Brian Kelsey appears to be the last man standing among the candidates who have lined up to replace former State Sen. Paul Stanley, who resigned this month in the wake of an intern sex scandal.
Robert “Bob” Shively of Roebuck Auctions thought he had a good idea when he formed “Lease for Auction,” the company’s new program that allows bidders to make offers on commercial space to lease rather than buy, as is the traditional auction format.
Professors with academic expertise and community organizers with street knowledge will combine forces to find solutions for the problems faced by young black men when The Think Tank for African American Progress returns to Memphis this fall.
Former Memphis Mayor Willie Herenton may still be pondering another political crossroads.
3081 St. Charles Drive, and 931 Frayser Blvd., Memphis, TN 38127 -
The bank that bought the Whitney Manor and Frayser Manor apartment complexes in Frayser out of foreclosure has sold the properties to a Connecticut-based entity called Group 40 LLC. The $2.2 million sale closed in late July.
WASHINGTON (AP) - Medtronic Inc., the world's largest medical device maker, spent more than $1 million lobbying Congress in the second quarter, according to a recent disclosure form.
NEW YORK (AP) - An analyst upgraded shares of Wal-Mart Stores Inc. on Monday and said the world's largest retailer is benefiting as consumers trade down to cheaper products and the U.S. dollar eases.
WASHINGTON (AP) – The Federal Reserve has extended a program intended to spur lending to U.S. consumers and small businesses at lower rates, but the central bank will not expand the types of loans made.
DALLAS (AP) - Banks expanded at a breathtaking pace over the past five years, adding more than 10,000 full-service branches, but barely 1 in 10 were in inner-city, minority neighborhoods, another sign the financial spending spree skipped over substantial parts of the country.
NEW YORK (AP) - The National Association of Home Builders said Monday its housing market index rose in August to the highest point in more than a year, as homebuyers hurried to take advantage of a federal tax credit before it expires.
WASHINGTON (AP) - Foreign demand for long-term U.S. financial assets rebounded in June even though China and Russia trimmed their holdings.
BOSTON (AP) - Massachusetts Secretary of State William Galvin's office has rejected a proposed settlement by an investment firm to repay nearly $6 million to state investors who lost money in Bernard Madoff's fraudulent investment scheme.
NEW YORK (AP) - Commercial lender CIT Group Inc. said Monday its offer to repurchase outstanding debt at a discount – a crucial step to help stave off bankruptcy – was successful.