VOL. 124 | NO. 32 | Tuesday, February 17, 2009
Crescent Center Memphis Office Raided By FBI
Asking for "emergency relief to halt a massive, ongoing fraud," a complaint issued by the SEC Tuesday alleges the businessman, R. Allen Stanford – chairman of the Stanford Financial Group of companies – schemed to sell about $8 billion worth of certificates of deposit that promise higher returns than would have been available with genuine CDs offered by traditional banks.
Shelby County Chancellor Kenny Armstrong has ordered the city of Memphis to restore more than $57.5 million in funding to the Memphis school system.
Ten days remain before TERRA house, the sustainable-design demonstration home in Uptown, is unveiled at a ribbon cutting, so Eric Criswell is making sure all the final touches are in place before the public gets a glimpse of what will be the “greenest” residence in Tennessee.
Memphis liquor stores are asking customers to sign a petition against a bill in the Tennessee Legislature that would permit wine sales at supermarkets and convenience stores.
Stanford Financial Group Inc., a Houston financial services company with an investment brokerage office in Memphis and which is a benefactor to several causes in Memphis, has caught the eye of federal investigators.
Steve Lockwood, executive director of the Frayser Community Development Corp., offers a nine-digit figure when quantifying the pain of the housing slump in Frayser, the epicenter of foreclosure activity in Shelby County.
NEW YORK (AP) – It may sound like a nice problem for states – figuring out how to spend the billions in infrastructure funding they’ll receive as part of President Barack Obama’s economic stimulus plan.
2.76 acres, Cordova, TN 38016, Sale Amount: $1 million -
A Hilton Garden Inn is coming to the vacant land behind Countrywood Crossing shopping center on North Germantown Parkway in Cordova.
BLYTHEVILLE, Ark. (AP) - CBS' "60 Minutes" will feature a segment this Sunday about the city of Blytheville and its Nucor Corp. steel plants nearby in northeast Arkansas.
ATLANTA (AP) - Historically black colleges and universities, which for decades have been educating students who can't afford to go – or can't imagine going – elsewhere, have been particularly challenged by the nation's economic meltdown.
WASHINGTON (AP) - The deepening recession spells trouble for a little-known government corporation that insures the pensions of 44 million workers and retirees.
NASHVILLE, Tenn. (AP) - Lawmakers from both parties agree that K-12 education in Tennessee should be a priority, but they disagree over legislation that would fund it out of an education budget separate from the rest of the state's spending plan.
NASHVILLE, Tenn. (AP) - Prisons officials say the sluggish economy is affecting plans for new correctional facilities in Tennessee.
NEW YORK (AP) - Drug maker GlaxoSmithKline PLC says it will cut drug prices to the 50 poorest countries in the world and use 20 percent of its profits from those countries to build health clinics and other infrastructure, according to published reports.
NASHVILLE, Tenn. (AP) - State health experts say Tennessee's flu season has been unusually light this year but could get worse fast.