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VOL. 123 | NO. 23 | Monday, February 4, 2008

Metropolitan Bank Enters Memphis Market

The founders of Metropolitan BancGroup Inc. have added another piece of the puzzle to their burgeoning financial institution.

One Couple's Tragedy Shows Reach of RMK Funds

One day during the summer of 2005, Jim and Genette Chase walked into the local Regions bank office near their Miramar Beach home in the Florida Panhandle. An accountant by trade, Jim had retired a few months earlier and was eager to build a nest egg he and his wife could live on.

Uptown Dental Center at Home In Downtown Redevelopment

Some Pinch District and Uptown business owners might anxiously be awaiting news of what will happen with The Pyramid.

Crime Time 2007:

Bass Pro Deal Signed But Not Yet Delivered

It took three years to get to Thursday's deadline-meeting letter of intent between local government and Bass Pro Shops. Full details still were not available at press time Friday. The critical questions about the details are even further down the road.

Local Weather
Today
Memphis, TN
94°F
Mostly Cloudy
Wind: 12 mph
Humidity: 47%

EVENTS

The Engineers' Club of Memphis will meet today at noon at the Holiday Inn-University of Memphis, 3700 Central Ave. Cost is $12 and no reservations are required. Tom Burgess, chief engineer for the Tennessee Aeronautics Division of the Tennessee Department of Transportation, will present "Aeronautics in Tennessee."

more events »

Despite Vote, Police Merger Idea Not Dead

The idea of one law enforcement agency for Memphis and Shelby County failed to clear a key hurdle last week at the Shelby County Board of Commissioners meeting. But both sides in the dispute expect it is not the end of the discussion or the effort to merge at least some functions of the Memphis Police and the Shelby County Sheriff's departments.

Employers Cut Payrolls For First Time Since '03

WASHINGTON (AP) - Nervous employers cut 17,000 jobs in January - the first such reduction in more than four years and a fresh sign that the economy is in danger of stalling.

Gov. Bredesen Questions Approach to Fight Over Cable Permitting

CHATTANOOGA (AP) - Gov. Phil Bredesen is questioning the approach by House Speaker Jimmy Naifeh in the fight to change cable permitting rules in Tennessee to encourage broadband access around the state.

Medtronic Gets FDA Approval for Endeavor, First New Drug-Coated Stent in 4 Years

WASHINGTON (AP) - Medtronic on Friday received federal approval to sell its drug-coated stent, the first to hit the U.S. market since safety concerns sank their popularity two years ago.

Tennessee Super Tuesday Voting Could Reach 1 Million

NASHVILLE (AP) - Elections officials say turnout for Tennessee's presidential primary could reach a record of one million voters by Super Tuesday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 75 255 11,693
MORTGAGES 72 295 15,274
FORECLOSURE NOTICES 3 71 2,982
BUILDING PERMITS 0 392 27,646
BANKRUPTCIES 62 280 11,242
BUSINESS LICENSES 35 98 4,136
UTILITY CONNECTIONS 94 516 17,000
MARRIAGE LICENSES 18 80 3,544

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The Memphis News: Business, politics, and the public interest.