The Federal Reserve Bank of St. Louis wants Bank of Bartlett to take several steps relatively soon to strengthen the bank’s balance sheet and improve capital levels.
A federal grand jury probe believed to be an investigation of the private business affairs of former Memphis Mayor Willie Herenton appeared to be building Thursday.
Poplar Avenue, the busy thoroughfare that cuts through the Memphis Medical Center like a river dividing territories, is the starting point for a plan to make the district a cohesive area.
Memphis Mayor A C Wharton Jr.’s first full day on the job began with a major crisis before the sun came up.
Porter & Strange PLLC has been in operation for fewer than two years, but already the partners, Matt Porter and Amanda Strange, get the comments: “I’ve seen you on the bus!”
Bryce W. Ashby recently rejoined the Donati Law Firm LLP after clerking for Judge Bernice Donald in the U.S. District Court for the Western District of Tennessee. Ashby, who is fluent in Spanish and has worked extensively as an advocate and organizer in Latino and immigrant communities, practices in labor and employment law and civil rights law.
MEMPHIS AREA
ALBUQUERQUE, N.M. (AP) - FedEx Corp. and UPS Inc. officials argued Tuesday for the first time face to face about whether a labor bill pending in Congress would create a UPS monopoly or an even playing field for all package delivery companies.
CHATTANOOGA, Tenn. (AP) - The Chattanooga-based Electric Power Board is getting a big chunk of federal stimulus money, $111 million of which will pay for expanding a smart electric grid in its service area.
MEMPHIS, Tenn. (AP) - The Elvis Ranch is for sale for a cool $6.5 million, but anyone with an Internet connection can take a virtual tour.
STATEWIDE
NASHVILLE (AP) – Office furniture former state Sen. Paul Stanley bought with campaign money is sitting in legal limbo in a legislative storage space.
NASHVILLE, Tenn. (AP) - Attorney General Bob Cooper says landlords can ban their tenants from bringing firearms into their property even if they have handgun carry permits.
NASHVILLE, Tenn. (AP) - The Tennessee Department of Revenue is holding free bimonthly tax workshops for new businesses.
NATIONAL BUSINESS
TULLAHOMA, Tenn. (AP) - Workers at the U.S. Air Force's Arnold Engineering Development Center have been involved in testing aerodynamics, stability and other aspects of NASA's Ares 1-X flight vehicle launched for the first time Wednesday.
LONDON (AP) - GlaxoSmithKline PLC, the world's second largest drug maker by revenue, forecast a big boost from its swine flu vaccines before the end of the year as it reported an 11 percent rise in third quarter earnings on Wednesday.
NEW YORK (AP) - GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government's entrenchment in the auto industry.
WASHINGTON (AP) - Orders to U.S. factories for big-ticket manufactured goods rose in September as the biggest jump in demand for machinery in 18 months offset weakness in commercial aircraft and autos.
NATIONAL POLITICS
WASHINGTON (AP) - A House committee on Wednesday voted to set new rules for investment rating agencies, which lawmakers say misled investors by giving high marks to risky securities tied to subprime mortgages.