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VOL. 124 | NO. 114 | Friday, June 12, 2009

Herenton Files Papers To Make Congressional Run Official

Memphis Mayor Willie Herenton is running for Congress in 2010.

Peabody Sues Sharpton Group for $88K

The South’s Grand Hotel is trying to collect a grand sum of money it claims is owed by the Rev. Al Sharpton’s nonprofit civil rights group.

Money Cut From Schools Considered for City Pay Raises

When City Council members voted earlier this year to cut all funding to the Shelby County Health Department, the Herenton administration followed up.

Bass Berry Shaves Staff, Channels 24 and 30 Push Mandatory Furloughs

The ground continues to shift beneath the feet of employees in a variety of fields in Memphis.

Shadyac Named ALSAC/St. Jude CEO

Richard Shadyac Jr., whose family has long ties to St. Jude Children’s Research Hospital, is the new chief executive officer of ALSAC/St. Jude, the fundraising organization for the hospital.

Local Weather
Today
Memphis, TN
60°F
Mostly Cloudy
Wind: 0 mph
Humidity: 64%

EVENTS

The University of Memphis will host the “We Are One!” library conference, expo and concert today. The circulation conference will be held from 9 a.m. to 4 p.m. in McWherter Library. The expo will be held from 2 p.m. to 5:30 p.m. in the Rose Theatre lobby and the concert will be from 6 p.m. to 8 p.m. in the Rose Theatre. For more information, contact Sonji Wright at 678-2203 or slwright@memphis.edu.

more events »

Local Bicycling Promoter Embarks on Global Pedal

Anthony Siracusa will travel the world over the next year to develop a greater understanding of the relationships between bicyclists and the cities in which they live.

Study: GTx Drug For Muscle Wasting Shows Promise

A clinical trial of a GTx Inc. drug for muscle wasting in cancer patients shows benefits, according to a report the Memphis-based company released Thursday.

Medtronic Foundation Gives $1.4 Million For Teaching

The Teach for America program in Memphis will receive $100,000 as part of a $1.4 million grant the Medtronic Foundation has made to the national organization, which sends top college graduates to teach in communities with high poverty rates.

Delta Air Lines to Cut More Capacity

ATLANTA (AP)Delta Air Lines Inc. will shave additional capacity later this year as it warns that more than $6 billion in benefits it expected from lower fuel prices, its merger with Northwest Airlines and previous capacity reductions will be overtaken by declining revenues.

Tenn. House Asks Governor to Return Guns in Parks Bill

NASHVILLE, Tenn. (AP) - The sponsor of a bill to allow handguns to be carried in city or county parks in Tennessee said Thursday he's abandoning the provision in exchange for the governor's commitment not to veto a separate bill about weapons in restaurants.

Tenn. Health Officials Confirm 114 Swine Flu Cases

NASHVILLE, Tenn. (AP) - Health officials say the number of confirmed cases of swine flu in Tennessee has increased to 114.

US Gov’t Seeks to Rein in Executive Pay

WASHINGTON (AP) – The Obama administration is taking a half-step toward taming U.S. executive pay. Some lawmakers prefer a fuller stride.

US, Local Foreclosures Fall In May

WASHINGTON (AP) – The number of U.S. households on the verge of losing their homes dipped in May from April, and the annual increase was the smallest in three years.

Businesses Cut Inventories 1.1 Percent in April

WASHINGTON (AP) - Businesses reduced their inventories more than expected in April as they worked to get stockpiles more in line with falling sales.

Mortgage Rates Rise Again

WASHINGTON (AP) - Rates for 30-year home loans jumped to the highest level in seven months this week, leading to a slowdown in refinancing activity, Freddie Mac said Thursday.

Retail Sales Climb 0.5 Percent in May

WASHINGTON (AP) - Retail sales rose by the largest amount in four months in May, as a rebound in demand at auto dealerships and gas stations helped to offset continued weakness at department stores.

Historic Anti-Smoking Vote to Give FDA New Power

WASHINGTON (AP) - Congress struck the government's strongest anti-smoking blow in decades Thursday with a Senate vote to give regulators new power to limit nicotine in cigarettes, drastically curtail ads and ban candied tobacco products aimed at young people.

Americans' Net Worth Shrinks $1.33 Trillion in Q1

WASHINGTON (AP) - American households lost $1.33 trillion of their wealth in the first three months of the year as the recession took a bite out of stock portfolios and dragged down home prices.

AMA Wary of Obama Call for Public Health Insurance

CHICAGO (AP) - The nation's largest doctors group isn't sold on President Barack Obama's call for a public health plan and could be a hurdle to his reform efforts.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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