Under the most optimistic scenario, as much as 20 cents on the dollar could be returned to victims of the investment fraud that brought down Stanford Financial Group.
Biomedical engineering and chemistry are two hot spots for innovation at the University of Memphis, where the FedEx Institute of Technology seeks to usher academic discoveries to the commercial marketplace.
Karen Ratcliff has joined the Exchange Club Family Center as director of marketing and special events.
MEMPHIS AREA
GREENVILLE, Miss. (AP) - A Memphis businessman linked to a multistate black-market cigarette operation will be in federal court in Greenville on Nov. 24 to face charges in the investigation, according to court documents.
STATEWIDE
NASHVILLE (AP) – The Tennessee Bureau of Investigation wants to start charging local police agencies for testing done at the state’s crime labs.
NASHVILLE, Tenn. (AP) - Tennessee's budget woes will likely make layoffs of state employees unavoidable, Gov. Phil Bredesen said Tuesday.
REGIONAL
LITTLE ROCK, Ark. (AP) - Arkansas finance officials said Tuesday that the state collected $17.8 million less than expected last month, as state agencies prepared to detail their plans for cutting budgets.
OXFORD, Miss. (AP) - Oxford officials are cleaning up city hall after vandals plugged up a sink and left water running that flooded the building.
TUPELO, Miss. (AP) - The city of Tupelo will celebrate Elvis Presley's 75th birthday in January with special exhibits, art displays and concerts.
NATIONAL BUSINESS
NEW YORK (AP) – Warren Buffett’s Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future of the U.S. economy.
NEW YORK (AP) - Bernard Madoff's longtime auditor pleaded guilty to securities fraud charges Tuesday, saying he failed to do his job to verify the disgraced money manager's financial records but did not know Madoff was running history's biggest Ponzi scheme.
LAS VEGAS (AP) - Wal-Mart Stores Inc. received final approval on Monday of a settlement in which it will pay between $65 million and $85 million to resolve wage-and-hour violations alleged by millions of workers.
WASHINGTON (AP) - Orders to U.S. factories rebounded in September, helped by strength in autos, heavy machinery and military aircraft.
NATIONAL POLITICS
WASHINGTON (AP) – House Republicans have produced a health care bill to offer as an alternative to legislation by majority Democrats, focusing more on lowering costs than expanding coverage.
WASHINGTON (AP) - In a very early test of President Barack Obama's political influence, two states are choosing whether to continue Democratic rule while voters elsewhere elect a handful of congressmen and big-city mayors.