Business Pulse Results: Most cos. don

The majority of those taking part in a Memphis Business Journal online poll said their company offers no wellness-related benefits.
In a recent national analysis of 9,900 employee health screenings, Kronos Optimal Health Co. found that 65 percent of employees are overweight or obese. Various studies, including one by the U.S. Department of […]

Liberty Media OK to buy back $1.3B in shares

Liberty Media Corp. announced on Monday that its board has authorized the company to buy back up to $1.3 billion worth of shares from two of the business' tracking stocks.
The repurchase authorization includes up to $1 billion worth of the Englewood-based conglomerate's Liberty Entertainment common stock (NASDAQ: LMDIA, LMDIB) and $300 million for […]

U.S. Gasoline Price at Record $3.20, Lundberg Says

The average price of a gallon of regular gasoline at U.S. filling stations rose to a record $3.20 last week, an industry survey showed, threatening to further shake consumer sentiment as the nation hovers on the brink of recession.
The price rose 9 cents on March 7 from two weeks earlier, according to oil […]

Pending Sales of U.S. Houses Probably Decreased in January

The number of Americans signing contracts to buy previously owned homes fell in January for a third month, signaling no end in sight to the housing slump, economists said before a report today.
The National Association of Realtors' index of signed purchase agreements dropped 1 percent to 85, the lowest level since the Chicago-based […]

AEP transmission venture cleared for construction incentives

A joint venture between American Electric Power Company Inc. and a Pennsylvania power company has received regulatory approval for incentives on a transmission line stretching from West Virginia to Maryland.
The Columbus-based utility said the Federal Energy Regulatory Commission approved four transmission incentives for the project, dubbed Potomac-Appalachian Transmission Highline LLC. AEP is […]

Villa Duchesne names Rizzo head of school

John "Jack" Rizzo was named the head of Villa Duchesne/Oak Hill School effective July 1, the school announced Monday.
Rizzo most recently served as head of school at Maui Preparatory Academy in Hawaii.
He replaces Sam Sciortino who served as head of school for six years and will be retiring after 44 […]

Moody

Credit rating agency Moody’s Investors Service said late Thursday it downgraded the long-term issuer rating of MF Global Ltd. because of a $141.5 million loss tied to unauthorized trading.
Moody’s (MCO) cut the rating to "Baa1" from "A3."
The Bermuda-based broker said Wednesday morning it discovered Evan Dooley, a trader at the company’s Memphis, Tenn., branch, […]

McNair boosts scholarship program to $30M

Houston Texans founder Bob McNair is set to make another multimillion-dollar gift to the University of South Carolina, his former alma mater.
The university said Friday that McNair will boost funding for a scholarship program that bears his name to $30 million. In 1998, McNair and his wife, Janice, gave $20 million to establish […]