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VOL. 128 | NO. 203 | Thursday, October 17, 2013

Shelby County Foreclosures Drop 10 Percent in Quarter

Regina Hubbard has clients regularly calling her asking about the availability of what she describes as “deal of a lifetime” foreclosure buys.

‘Handle With Care’

Beale Street faces challenges as changes in management loom

Once the settlement of a lawsuit over control of Beale Street is complete, the administration of Memphis Mayor A C Wharton Jr. plans on issuing requests for firms to manage and develop the thriving entertainment district.

Wright Medical Buys French Biotech

Memphis-based Wright Medical Group Inc. announced Wednesday, Oct. 16, it has an agreement to buy the French company Biotech International.

Comptroller Letter Calls for Prompt Action

If anyone at City Hall has any illusions that the state of Tennessee is no longer concerned about city government’s unfunded pension liability, Tennessee Comptroller Justin P. Wilson cleared up that point with a letter sent to Memphis Mayor A C Wharton Jr. this month and released Tuesday, Oct. 15.

Beale Street Deal Would Pay Handy Park Debt

The settlement of the last remaining item in the bankruptcy petition of Beale Street developer Performa Entertainment hasn’t gone by any of the scripts the administration of Memphis Mayor A C Wharton Jr. has written and rewritten.

Local Weather
Today
Memphis, TN
39°F
Partly Cloudy
Wind: 5 mph
Humidity: 73%

EVENTS

National Hispanic Professional Organization-Memphis will meet Thursday, Oct. 17, from 11:30 a.m. to 1 p.m. at the Hilton Memphis, 939 Ridge Lake Blvd. Barbara Prescott, executive director of PeopleFirst, will speak. Cost is $20 for nonmembers. RSVP to info@nhpomemphis.us or 466-6476.

more events »

Another Deadline Issued in Nineteenth Century Club Case

The court case over the future of the Midtown mansion known as the Nineteenth Century Club has been issued another deadline.

Brokers Capitalize on Health Marketplace Problems

Group Benefits LLC is growing its business by helping local businesses evaluate group health options on and off the new health insurance exchange and comply with the Affordable Care Act.

Jurex Teaches Nurses to Use Skills in Law

Memphis attorney Elizabeth Rudolph wants to help nurses all over the country broaden their financial horizons.

MEMPHIS LAW TALK

Meyers Returns to Roots at Glankler Brown

Robert Meyers has joined Glankler Brown PLLC as a member, and it isn’t his first time around this block. He worked for the firm as a newly licensed attorney right out of law school.

LOCAL COLUMNISTS

Talk to Your Parents About Their Future

Ray’s Take It’s a conversation no one wants to have; however, it’s important to have at least an idea of how financially prepared your parents are for their retirement. People are living longer – much longer – and the costs for senior care are soaring. Many older Americans saw a large portion of their nest egg disappear in the last recession.

By Any Other Name

“You can call me Mess.” That’s what I envision the subject of this column saying in 13 years. When, as a teenager, he’ll consider part of his job description to be frustrating his parents. But I’m ahead of myself.

STATEWIDE

UT Grants Jimmy Haslam Top Alumni Award Amid Probe

NASHVILLE (AP) – The University of Tennessee has granted its top alumni award to Jimmy Haslam amid an ongoing federal investigation into his family's company, Pilot Flying J, and its legal settlement with thousands of trucking company customers.

Officials: New Park Could Put West Tennessee on Map

UNION CITY, Tenn. (AP) – As a new $80 million Discovery Park of America nears opening day, officials in western Tennessee hope the attraction helps put the area on the tourism map.

NATIONAL BUSINESS

Student Loan Borrowers Complain of Repayment Snags

WASHINGTON (AP) – Federal officials have received more than 3,800 complaints in the last year from borrowers of private student loans, with common problems related to payment processing and requests for loan modifications.

Furloughed? Send Creditors a Note From Government

WASHINGTON (AP) – Furloughed federal workers who have trouble paying bills can send their creditors a letter from the government pleading for patience.

NATIONAL GOVERNMENT

A Deal: Voting to Avoid Default, Open Government

WASHINGTON (AP) – Up against one last deadline, Congress raced to pass legislation Wednesday avoiding a threatened national default and ending a 16-day partial government shutdown along the strict terms set by President Barack Obama when the twin crises began.

Fed: Growth Slows in Places on Shutdown Worries

WASHINGTON (AP) – The Federal Reserve said economic growth slowed in a few key regions of the United States from September through early October, as businesses grew worried about a budget impasse that led to a partial government shutdown.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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