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VOL. 123 | NO. 21 | Thursday, January 31, 2008

Square Foods Closes for Good

Hopes were high when Jeanice Blancett uprooted her longtime health food market from Overton Square in early 2006 and shifted it south. The move was supposed to amount to a fresh start for Square Foods Natural Market.

Memphis Corruption On Par With Other Cities

Memphis isn't more corrupt politically than other major American cities, according to the U.S. attorney and FBI agent over the Tennessee Waltz corruption sting and the other resulting corruption probes.

Public Service, Law Practice Balance Well for Wilkins

Ricky E. Wilkins' career has included a mix of law and public policy. Owner of The Law Office of Ricky E. Wilkins, he currently represents the Memphis Charter Commission, the elected body that is considering changes to the 40-year-old Memphis City Charter. The charter converted city government from a commission form to the current mayor-council form of government.

Tennessee Households Lead Nation in Bankruptcy Filings

NASHVILLE (AP) - Tennessee had the highest number of bankruptcy filings per household of any state last year.

Committee OKs Changes to Law on Licenses for Legal Immigrants

NASHVILLE (AP) - A bill that would allow more legal immigrants to obtain temporary state identification and driver licenses was approved by the Senate Transportation Committee on Wednesday and will be considered next week by the full Senate and a House committee.

Local Weather
Today
Memphis, TN
60°F
Cloudy
Wind: 12 mph
Humidity: 83%

EVENTS

Volunteer Memphis and MPACT Memphis will host the fifth Annual Nonprofit Expo today from 4:30 p.m. to 7:30 p.m. at the Memphis Botanic Garden, 750 Cherry Road. For more information, e-mail info@mpactmemphis.org.

more events »

Abortion Resolution Passes State Senate Again

NASHVILLE (AP) - A resolution that would change the state's constitution to allow more limits on abortion has again passed the Senate but still may face challenges in the lower chamber.

Buckeye Technologies Q2 Profit Soars

MEMPHIS (AP) - Buckeye Technologies Inc., a specialty fibers maker, said Wednesday its second-quarter profit more than tripled due to higher prices that boosted revenue and a rise in specialty wood volume.

$5M GlaxoSmithKline Expansion Not Expected to Bring Jobs

GlaxoSmithKline (GSK) is embarking on a $5 million expansion and upgrade to its Presidents Island facility, and while it won't mean new jobs in Memphis, the investment is nonetheless a boon for the local economy.

Competitive Edge at Heart of Mayor's Convention Center Proposal

Memphis Mayor Willie Herenton likens it to an "arms race" among cities like Memphis, Nashville and Kansas City, Mo. The weapons are new or expanded convention centers costing hundreds of millions of dollars - with or without the thousands of hotel and motel rooms to be built to hold all of the visitors who might attend gatherings in such a center.

FBI Investigating 14 Companies For Possible Subprime Fraud

WASHINGTON (AP) - The FBI on Tuesday said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with home loans made to risky borrowers.

Fed Cuts Interest Rates Bold Half-Point to Boost Ailing Economy; Wall Street Still Wary

WASHINGTON (AP) - The Federal Reserve delivered powerful new relief to people and businesses squeezed by the ailing economy Wednesday, cutting interest rates ever deeper in an effort to avert or at least soften the blow of a recession.

City, County Reach Tentative Deal With Bass Pro

The city of Memphis and Shelby County government have a tentative deal with Bass Pro Shops to develop The Pyramid.

City, County Reach Tentative Deal With Bass Pro

The city of Memphis and Shelby County government have a tentative deal with Bass Pro Shops to develop The Pyramid.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

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