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VOL. 123 | NO. 25 | Wednesday, February 6, 2008

SEC Looks Into Executive Pay at International Paper

One prominent Memphis company was among the 350 from across the country last summer that received letters from the U.S. Securities and Exchange Commission asking for greater detail about executive pay packages.

Katt Worldwide Logistics Touts Growth

With hopes of raising its profile and its market share, Katt Worldwide Logistics has launched an advertising campaign that includes the standard magazine placements as well as a different sort of tactic for the industry - billboards.

Smith Named President at Zycron Inc.

Steven Howard Smith of Zycron Inc., Tennessee's largest minority-owned information technology services firm, has been chosen as the company's new president.

Corps Study to Determine Miss. River Recreation, Access

The U.S. Army Corps of Engineers is about to begin a sort of ecological inventory of the lower Mississippi River, from Cairo, Ill., to New Orleans and including Memphis.

MATCU Reaches Out To The 'Unbanked'

Memphis Area Teachers' Credit Union (MATCU) has launched a second-chance checking program that will target the "unbanked," or people who don't have an account or immigrants who may not be familiar with the American banking system.

Local Weather
Today
Memphis, TN
60°F
Fair
Wind: 8 mph
Humidity: 62%

EVENTS

Talk Shoppe will meet today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. Jim Maddox and Terry Smith with Maddox & Smith Appraisal Co. will address "Real Estate Appraisal Values in the Changing Memphis MSA Market." The event is free and open to the public. For more information, call Jo Garner at 759-7808.

more events »

The Cupboard Sign Proposal to Be Considered by DRB

A proposal from The Cupboard to display a full-color, LED (light-emitting diode) sign on an existing pole at its Union Avenue restaurant will be considered today at the Center City Commission Design Review Board.

Manufacturers Assoc. Promotes Proposal To Lower Corporate Capital Gains Tax

NEW YORK (AP) - As worries about a looming recession and its possible effects on U.S. manufacturers increase, industry groups are promoting a proposed cut to the corporate capital-gains tax as a way to help make U.S. companies more competitive and boost the economy overall.

Obama, Huckabee Carry Shelby In Tn Primary

Democratic Sen. Barack Obama and Republican Mike Huckabee carried Shelby County in Tuesday’s Tennessee presidential primaries.

Sands Shift in Pyramid Saga

At least one Memphis City Council member expects changes to the tentative terms of a development agreement between local government and Bass Pro Shops for use of The Pyramid. Meanwhile, the developer of the rival Pyramid Harbor project has made some changes to his plans already.

Judge Dismisses Water Rights Lawsuit Against Memphis

OXFORD, Miss. (AP) - A federal judge has dismissed a $1 billion lawsuit that claims the city of Memphis is stealing Mississippi's water.

State Bill Would Add Another Project to Tennessee Tollway Act

NASHVILLE (AP) - A proposal that would expand the Tennessee Tollway Act is moving through the state Legislature.

Fed: Standards Tighten for Mortgages Including Subprimes

WASHINGTON (Dow Jones/AP) - U.S. banks have tightened their standards on loans for prime, non-traditional and subprime mortgages, according to a survey released this week.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 153 14,870
MORTGAGES 64 144 19,474
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 217 359 35,689
BANKRUPTCIES 59 121 14,155
BUSINESS LICENSES 24 86 5,077
UTILITY CONNECTIONS 71 170 21,603
MARRIAGE LICENSES 22 59 4,616

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