VOL. 124 | NO. 119 | Friday, June 19, 2009
A healthy industrial real estate market is imperative for Memphis to live up to its longtime moniker of “America’s Distribution Center” or its new one of “America’s Aerotropolis.”
As the real estate slump toils on, a Chicago-based company has proven to be a savior of sorts for the local industrial sector.
Joann Massey started her new job just six months ago, but within that short time frame she has been a key player on a team that has made Memphis a better competitor for new jobs.
Most property owners whose appraisals increased this year will end up paying more in property taxes, based on tax rates approved this week by Memphis and Shelby County governments.
Passenger and cargo traffic at Memphis International Airport continued to shrink in May because of the soft economy.
Low costs for building materials and an ample pool of skilled construction workers have allowed the new Le Bonheur Children’s Medical Center to stay on track for completion one year from now – even with additions to the project.
However, the controversy isn’t likely to have an effect on sales of the product because the disputed study does not concern its approved uses.
NASHVILLE (AP) – The House and Senate agreed late Wednesday on a $29.6 billion Tennessee spending plan and sent the budget measure for the governor’s consideration.
NASHVILLE, Tenn. (AP) - Tennessee Commissioner of Labor and Workforce Development James Neeley has announced a state jobless rate of 10.7 percent for May.
NASHVILLE, Tenn. (AP) - The chairman of the Tennessee Black Caucus says a culture change is needed on Capitol Hill to prevent the dissemination of racist e-mails like the one sent from a state computer about President Barack Obama.
NASHVILLE, Tenn. (AP) - Opponents of a measure to close access to the names of people who hold state-issued permits to carry loaded handguns say its failure Wednesday night is a victory for those who support open government.
BIRMINGHAM, Ala. (AP) - Regions Financial Corp. said Thursday that it achieved nearly 29 percent acceptance of its capital-raising offer to exchange up to 110 million shares of common stock for $700 million in debt securities.
NASHVILLE, Tenn. (AP) - Tennessee officials have submitted their bid to General Motors to try to persuade the company to choose its Spring Hill plant over two other finalists for the production of a new small car.
NEW YORK (AP) - A private research group's forecast of economic activity rose in May by the largest amount in more than five years, the latest sign that the recession is easing.
WASHINGTON (AP) - The Supreme Court on Thursday sided with a former Enron Corp. executive in a ruling that makes it unlikely he can be tried a second time on charges related to financial fraud at the one-time energy giant.
WASHINGTON (AP) - President Barack Obama's plan to increase oversight of U.S. banks and other financial institutions met with skepticism on Capitol Hill on Thursday, where senators sharply questioned whether it was enough to prevent another economic meltdown.
WASHINGTON (AP) - Delays and disputes bogged down a Senate panel considering the details of remaking the nation's $2.5 trillion health care system.
INDIANAPOLIS (AP) - Employers who offer health insurance coverage could see a 9 percent cost increase next year, and their workers may face an even bigger hit, according to a report from consulting firm PricewaterhouseCoopers.
WASHINGTON (AP) - The Supreme Court on Thursday agreed to let an insurance company settle some asbestos lawsuits for about $500 million in exchange for blocking any future litigation resulting from its long relationship with Johns Manville Corp., once the world's largest producer of asbestos.