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VOL. 123 | NO. 41 | Thursday, February 28, 2008

Builders Optimistic Despite Numbers

The homebuilding industry has taken so many public relations hits in the form of failing companies and sagging sales that Shelby County's latest round of figures doesn't seem too terrible by comparison.

Boundaries To Unified Family Court Exist, Task Force Finds

Third Street is the boundary between civil and criminal cases even if the same people are involved in both kinds of cases.

Rosenblum Prides Practice On Representing Plaintiffs 'The Right Way'

Jeff Rosenblum was named to the 2007 Super Lawyers list by Law & Politics late last year, his second consecutive year named as a Mid-South Super Lawyer.

Desperate Officials Hope County Roundtable Will Help

Shelby County government is almost out of options. That's the message of grim-faced county officials who are in penny-pinching mode and who say they've trimmed the county's operating budget as much as they can.

Motel Owners Ordered To Stay Closed for Now

The owners of four motels shut down after an undercover investigation learned Wednesday morning they must keep their doors closed at least until March 13.

Local Weather
Today
Memphis, TN
43°F
Cloudy
Wind: 7 mph
Humidity: 71%

EVENTS

The Memphis Regional Chamber will hold its monthly "Breakfast Forum: News and Networking for Business Professionals" today from 7:30 a.m. to 9 a.m. at the Marriott East, 2625 Thousand Oaks Blvd. The cost to attend is $20 for chamber members and $30 for nonmembers. For more information, visit www.memphischamber.com or contact Ericka Milford at 543-3518 or emilford@memphischamber.com.

more events »

State Rep. Rowe Dies of Cancer Wed.

State Rep. Gary Rowe, the chairman of the Shelby County legislative delegation, died Wednesday of cancer at Baptist Memorial Hospital Memphis.

Regions 10-K Filing Shows SEC Interest

The U.S. Securities and Exchange Commission is looking into recent events at Morgan Keegan & Co., the Memphis-based subsidiary of Regions Financial Corp. that currently is the subject of several lawsuits filed on behalf of angry investors.

Thompson Pleads Guilty to Fraud

Former Shelby County Board of Commissioners member Bruce Thompson pleaded guilty Wednesday to a federal fraud charge in a corruption case involving a 2004 construction contract to build three Memphis city schools.

Delta Executives: No Combo Deal Yet

ATLANTA (AP) - Delta Air Lines Inc.'s top two executives told employees Tuesday that the nation's No. 3 carrier has not yet arrived at a potential combination transaction that meets all of its conditions.

Working Group May Be Key To Pyramid Plans

Members of the Shelby County Board of Commissioners and Memphis City Council have an informal consensus that they will hire a team of financial and real estate experts to negotiate with the two companies that want to develop The Pyramid.

Medtronic Spent $1.7 Million on Lobbying

WASHINGTON (AP) - Medtronic Inc. spent $1.7 million in 2007 to lobby on legislation affecting patents and medical device sales.

Bredesen Plans to Create State Energy Policy

NASHVILLE (AP) - Gov. Phil Bredesen has announced plans to create a comprehensive energy policy for Tennessee.

House Lawmakers Consider $15B Mortgage Bailout Plan as Housing Troubles Continue

WASHINGTON (AP) - Investors could sell up to $15 billion of troubled mortgages to the government under a plan key House members are discussing to bolster the U.S. housing market.

No End in Sight: Housing in Freefall Until Credit Loosens and Supply Recedes, Experts Say

NEW YORK (AP) - House prices may still have a long way to fall.

Fed Chief Signals Rate Cut to Help Wobbly Economy, Must Keep Eye on Inflation

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke warned Congress that the nation is in for a period of sluggish business growth and sent a fresh signal Wednesday that interest rates will again be lowered to steady the teetering economy.

State Senate to Vote on Making Universal Carding for Beer Permanent

NASHVILLE (AP) - Tennessee's first-in-the-country universal carding requirement for anyone buying beer would be extended indefinitely under a bill headed for a Senate vote.

Morgan Keegan CEO to Retire in April

BIRMINGHAM (AP) - Financial services provider Regions Financial Corp. said Wednesday Doug Edwards, the president and chief executive of its brokerage and investment banking subsidiary Morgan Keegan & Co., will retire in April.

$5 Strip Club Fee Proposal Delayed in State House

NASHVILLE (AP) - Constitutional questions are delaying a proposal to charge a $5 fee on strip club customers.

Bill to Elect Lieutenant Governor, Secretary of State Advances

NASHVILLE (AP) - A proposal to popularly elect the state's lieutenant governor and secretary of state on the same ticket as the governor is headed for a full Senate vote.

Federal Regulator Lifts Limits on Mortgage Portfolios Held by Fannie Mae and Freddie Mac

WASHINGTON (AP) - Fannie Mae and Freddie Mac will be allowed to expand their roles in the turbulent mortgage market even as worsening conditions in the housing sector punish the two companies.

Ford Ordered to Begin Prison Sentence Within Two Months

Former State Senator John Ford was ordered today to begin in the next two months serving his five-and-a-half-year prison sentence on a bribery charge.

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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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