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For less than $200,000 you can buy a business in Memphis

For less than $200,000 you can buy a business in Memphis

Memphis isn’t exactly known for its economic prosperity. It is, if anything, a distribution city. After spending most of my life living near the Bluff City, I can tell you that there is so much blight in that city that it can be difficult for …

Bank of America to sell private jets

Bank of America currently has its own fleet of corporate jets including 2 falcon corporate jets, the “Merrill Lynch global express, and 5 gulfstream jets. The jets are each valued between $45 and $50 million.
Now due to increased criticism as well as economic conditions, Bank …

Panasonic announces plans to purchase Sanyo

The buyout Sanyo by fellow Japanese electronics maker Panasonic will make Panasonic the largest Japanese electronics maker.
Both companies have been seeing hard times due to global economic conditions.

2009 Nissan Versa, the most inexpensive new car in the U.S.

The 2009 Nissan Versa base model was once around $12k, now due to the poor economic conditions the automaker is going to release a cheaper, scaled down version of the Versa. The MSRP? $9,900.
The price is actually really good for a new car, and …

Fed cuts key rate half a point

Today, as expected, the Fed cut the key interest rate to 1%. Some analysts are saying that the Fed won’t stop at 1%, if it needs to, the rate could go lower. A rate below 1% hasn’t been seen since the Eisenhower administration in the …