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VOL. 123 | NO. 222 | Wednesday, November 12, 2008

County Commissioners Express Doubts About Bass Pro Deal

Key Vote On Development Agreement Is Monday

The proposal to bring Bass Pro Shops to The Pyramid hit a snag today. The development agreement for the hunting and fishing retailer to locate at The Pyramid drew a negative recommendation from a Shelby County commission committee.

LoLo’s Table Closes Downtown

Another Downtown Memphis business has closed.

Wharton Acknowledges Run For City Mayor Post

Shelby County Mayor A C Wharton Jr. is running for mayor of Memphis in 2011, but in his first set of interviews about the decision he said voters won’t see him actively campaigning this far out.

Medicare Advises Recipients To Shop Around

Medicare officials gave volunteers tips Monday on how to choose drug benefits and get the word out to an estimated 5,485 people in Shelby County who may qualify for additional prescription benefits.

CSCMP National Chair to Speak in Memphis

With more than two decades of experience in the logistics industry, Roger Woody brings a veteran’s savvy to his role as chairman of the board for the Council of Supply Chain Management Professionals (CSCMP).

Local Weather
Today
Memphis, TN
61°F
Fair
Wind: 5 mph
Humidity: 50%

EVENTS

The Memphis Bar Foundation will hold its annual Benjamin L. Hooks luncheon today from noon to 1:30 p.m. at The Peabody hotel, 149 Union Ave. Craig Cooley of the Innocence Project will speak and new fellows of the foundation will be recognized. Tickets are $50 per person or $500 for a table of 10. To make a reservation, contact Anne Fritz at 527-3573 or afritz@memphisbar.org.

more events »

Gov’t Lauches New Loan Aid Effort

WASHINGTON (AP) – The government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.

Renasant Names Wiegert VP, Mortgage Production Manager

Michael Wiegert has been named vice president and mortgage production manager for Renasant Bank in Memphis.

Gov. Bredesen: No Plans to Bolt for Washington

NASHVILLE, Tenn. (AP) - Worsening state economic conditions combined with a Republican takeover of both chambers of the Tennessee Legislature have led to increasing speculation that Democratic Gov. Phil Bredesen might want to bolt for Washington.

2 Drop Bids for Tenn. Secretary of State

NASHVILLE, Tenn. (AP) - The number of Republican suitors to become Tennessee's secretary of state is thinning.

Sector Snap: Regional Bank Stocks Fall

NEW YORK (AP) - Shares of regional banks slid Tuesday amid more signs of weakness in the financial sector and a string of bleak corporate earnings reports.

Big Banks Step Up Efforts to Modify Mortgages

NEW YORK (AP) - Major banks are stepping up their efforts to curtail losses from souring mortgages, with Citigroup Inc. becoming the latest institution to adopt initiatives aimed at helping at-risk borrowers remain in their homes.

CB Richard Ellis Intends to Offer 50M Shares

LOS ANGELES (AP) - Commercial real estate services firm CB Richard Ellis Group Inc. said Tuesday it plans to offer 50 million shares of common stock in a public offering.

GlaxoSmithKline Plans UK Plant Closure, Job Cuts

LONDON (AP) - British drug maker GlaxoSmithKline PLC said Tuesday it is planning to close one of its English plants, which employs 620 people, by 2013 because the majority of drugs made at the plant are losing their patent protection and facing generic competition within a year.

Contract Talks for Boeing Engineers Extended

SEATTLE (AP) - Contract talks covering nearly 21,000 Boeing Co. engineers, scientists and technical workers have been extended because of unresolved economic and other issues.

Stores See Surge in Applicants for Holiday Help

NEW YORK (AP) - The odds of landing a part-time job at department store operator Bealls Outlet Stores Inc. this holiday season are slimmer than getting into Harvard: It's one out of every 45.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 84 84 5,157
MORTGAGES 103 103 6,812
FORECLOSURE NOTICES 15 37 1,593
BUILDING PERMITS 0 0 11,979
BANKRUPTCIES 60 105 5,405
BUSINESS LICENSES 28 28 2,089
UTILITY CONNECTIONS 97 97 7,155
MARRIAGE LICENSES 24 24 1,482

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