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BUSINESS
March 9, 1996 | From Bloomberg Business News
Union Planters Corp. agreed Friday to acquire Leader Financial Corp. for $523 million in stock, a deal that would combine two Memphis-based financial institutions into the state's largest bank. The acquisition would extend a wave of consolidation in the banking industry and could be a prelude to further buyouts of Southeast banks, analysts said. "The region is ripe for more of this type of in-market merger," said John Coffey, an analyst with Robinson-Humphrey.
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NATIONAL
May 10, 2011 | By Tina Susman, Los Angeles Times
The Mississippi River began cresting and hit nearly 48 feet early Tuesday, falling short of a record but wreaking havoc across Arkansas, Tennessee and Mississippi as tributaries and creeks swollen from the flooded waterway spilled over their banks into residential, business and farming areas. At 7 a.m. Central time Tuesday the water level reached 47.87 feet as the coffee-colored river cut through Memphis, swallowing much of the riverfront recreation area. The tourist riverboat Capt.
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NEWS
April 25, 1987 | Associated Press
Rep. Harold E. Ford was indicted Friday on federal charges of bank, mail and tax fraud, along with four other men, including a banker awaiting sentencing on other charges. The 19-count indictment alleges that C. H. Butcher Jr. used loans from his banks to buy political influence from Ford, a Memphis Democrat known for turning out the city's black vote. The indictment said loans from Butcher's financial institutions were diverted from legitimate business enterprises to Ford's personal uses.
BUSINESS
March 9, 1996 | From Bloomberg Business News
Union Planters Corp. agreed Friday to acquire Leader Financial Corp. for $523 million in stock, a deal that would combine two Memphis-based financial institutions into the state's largest bank. The acquisition would extend a wave of consolidation in the banking industry and could be a prelude to further buyouts of Southeast banks, analysts said. "The region is ripe for more of this type of in-market merger," said John Coffey, an analyst with Robinson-Humphrey.
NATIONAL
May 10, 2011 | By Tina Susman, Los Angeles Times
The Mississippi River began cresting and hit nearly 48 feet early Tuesday, falling short of a record but wreaking havoc across Arkansas, Tennessee and Mississippi as tributaries and creeks swollen from the flooded waterway spilled over their banks into residential, business and farming areas. At 7 a.m. Central time Tuesday the water level reached 47.87 feet as the coffee-colored river cut through Memphis, swallowing much of the riverfront recreation area. The tourist riverboat Capt.
SPORTS
November 29, 2003 | From Associated Press
Kordell Stewart will start at quarterback Sunday for the Chicago Bears against the Arizona Cardinals in place of Chris Chandler. Chandler's sore right shoulder, which forced him out of last Sunday's 19-10 victory at Denver, made it nearly impossible for him to throw all week. After Chandler threw only a few short passes during Friday's practice, Coach Dick Jauron made the change. Chandler will be the third quarterback, behind rookie Rex Grossman.
NEWS
May 19, 1995 | From Times Wire Services
Hundreds of anxious people fled rising water Thursday in Missouri and Illinois, and dozens were injured when tornadoes hit a shopping mall and a high school further east. The Missouri River was 10 feet above flood stage and rising, officials said, because as much as 10 inches of rain had fallen in parts of the state since Sunday and two weeks of wet weather upstream had already swollen the river. Many who suffered through a devastating flood in 1993 were taking no chances.
NEWS
April 25, 1987 | Associated Press
Rep. Harold E. Ford was indicted Friday on federal charges of bank, mail and tax fraud, along with four other men, including a banker awaiting sentencing on other charges. The 19-count indictment alleges that C. H. Butcher Jr. used loans from his banks to buy political influence from Ford, a Memphis Democrat known for turning out the city's black vote. The indictment said loans from Butcher's financial institutions were diverted from legitimate business enterprises to Ford's personal uses.
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