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VOL. 124 | NO. 27 | Tuesday, February 10, 2009

New Info Surfaces in Priest Sex Cases

Fifteen priests in the Catholic Diocese of Memphis have been accused of sexually abusing children since the diocese was formed in 1971.

Mayor’s Revelations Could Point To Vindication

After he read a March 2007 story in The Commercial Appeal about his private relationship and real estate dealings with city contractor Elvin W. Moon, Memphis Mayor Willie Herenton dashed off a memo to City Engineer Wain Gaskins.

FedEx Plans to Lay Off 900 at Freight Unit

NEW YORK (AP) - FedEx's freight unit says it will lay off 900 employees, saying that sluggish demand has declined further so far this year.

Armstrong to Decide MCS Funding Case by Week’s End

Chancellor Kenny Armstrong said today during closing arguments in a landmark, closely watched court case over local school funding that he’ll issue an opinion by the end of this week.

$48M Runway Contract Awarded For Memphis Int’l

The Memphis-Shelby County Airport Authority on Monday rejected the protest from a losing bidder over a lucrative runway reconstruction contract and upheld an earlier decision to award that job to Ajax Paving Industries Inc.

Local Weather
Currently
Memphis, TN
57.0°F
Fair
Wind: South at 9.2 mph
Humidity: 74%

EVENTS

Memphis Area Women Business Owners will hold a breakfast mixer today from 7 a.m. to 8:30 a.m. at Perkins, 1340 S. Germantown Parkway. For reservations, e-mail Tess Bear at nawbotreas@yahoo.com, Nita Black nitab@memphisoriginals.com or Alandas Dobbins at alandas@nsightmemphis.com.

more events »

Cohen, Corker Look for MED Funds In Stimulus Package

The inclusion of a “MED fix”amendment in a federal law already passed is “not the panacea” for the financial ills of the Regional Medical Center at Memphis, so U.S. Rep. Steve Cohen and U.S. Sen. Bob Corker hope to secure more funding from the stimulus package.

Riviana Foods Files $3M Building Permit

2372 Prospect St., Memphis, TN 38106, Permit Cost: $3 million -
Riviana Foods Inc. has filed a $3 million permit application with the city-county Office of Construction Code Enforcement to build a plant and water treatment facility at 2372 Prospect St.

SOS Seeks New Contracts For Disabled Workers

Superior Outsourcing Service Industries has the employees to do the kinds of busy work few people want to do, but the administrators of this program for the disabled worry about idle hands.

Valero Shares Rise on Upgrade

NEW YORK (AP) - Shares of Valero Energy Corp. on Monday lifted after Goldman Sachs raise the refiner's price target and upgraded refineries across the board.

Nissan Not Yet Giving Locations of Job Cuts

CHATTANOOGA, Tenn. (AP) - A Nissan spokesman in Franklin says the company is not yet saying if its job cutting will include employees at plants in Tennessee and Mississippi.

Ford's Transit Connect Aims to Fill Business Niche

DEARBORN, Mich. (AP) - Taking a page from its European division, Ford Motor Co. is bringing its small commercial van, Transit Connect, to the U.S. market.

Official: Plan Will Buy Some of Banks' Bad Assets

WASHINGTON (AP) - An administration official said Monday the overhaul of the government's $700 billion financial rescue program is likely to include a partnership with the private sector to buy troubled assets.

Up, Down Commodity Prices Leave Farmers Uneasy

DES MOINES, Iowa (AP) - It wasn't so long ago that U.S. farmers were asked what they would do with their windfall profits.

McDonald's January Same-Store Sales Up 7.1 Percent

NEW YORK (AP) - Cash-strapped consumers kept buying McDonald's burgers and breakfast items in January, helping the fast food company post a 7.1 percent worldwide increase Monday in same-store sales for the month.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 102 224 17,767
MORTGAGES 127 277 20,703
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 510 36,326
BANKRUPTCIES 54 146 11,828
BUSINESS LICENSES 21 80 5,640
UTILITY CONNECTIONS 27 147 12,181
MARRIAGE LICENSES 11 60 4,417

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