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Morgan Keegan sold; Florida firm yet to reveal job specifics in Memphis

Morgan Keegan & Co.'s new owner could keep hundreds of workers employed in Memphis, sparing the city from wholesale layoffs in an era of sluggish job growth, government officials say. Raymond James intends to maintain head offices for the public finance department and fixed-income sales in Memphis, along with an operations center, Regions officials said. Mark Herbison of the Greater Memphis Chamber described the Raymond James scenario as "very promising."  To continue reading, click here.