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VOL. 124 | NO. 120 | Monday, June 22, 2009

Fayette County Land Closer to Becoming Rail Hub

Norfolk Southern Corp.’s plan to develop a multimillion-dollar, multi-acre intermodal facility in Fayette County cleared a political hurdle Thursday night, moving the massive project one step closer to reality.

Fidelity Touts Conservative Values As Saving Grace

A few years ago, in the midst of sweeping bank consolidations that brought institutions such as Regions Bank and SunTrust Inc. to the area, the owners and directors of Fidelity National Bank in West Memphis let everyone know they wanted no part of a merger or acquisition.

More Details Emerge After Stanford Indictment

Federal prosecutors and financial regulators have unveiled new civil and criminal charges against disgraced Texas financier Allen Stanford and several former subordinates.

Kroc Center’s Backers Want It to Be a Gathering Spot for Diverse Groups

From its days as a horseracing track in the latter half of the 19th century, the Mid-South Fairgrounds has a long and captivating history, including a fair share of disputes over the best uses for the sprawling property that sits in the middle of Memphis.

Kroc Center Effort Highlights The Good in Memphis

Eric Barnes is the publisher of The Memphis News, The Daily News and Chandler Reports.

Local Weather
Today
Memphis, TN
41°F
Fair
Wind: 3 mph
Humidity: 55%

EVENTS

Memphis City Schools will host its first Memphis Interscholastic Athletic Association Golf Classic today at 8 a.m. at Irene Golf & Country Club, 8141 Irene Blvd. Tournament fees are $250 per person and $1,000 for teams of four. For more information or tickets, call 748-8889.

more events »

The Memphis News Celebrates First Anniversary

Happy birthday to us.

MED Funding Crunch Continues

There are several reasons for the financial problems, but The MED “would be burning cash at an even higher rate” had it not made the budget cuts, said Claude Watts, the interim CEO and a consultant for FTI Cambio, a firm that helps struggling hospitals implement turnaround programs.

Couple Puts Romance in Southern Comfort Food

A Jill Scott song could have inspired the menu and atmosphere inside The Upper Crust.

Leader of First Kroc Center Touts Its Effectiveness

Capt. John Van Cleef is executive director of the Salvation Army in San Diego, where the nation’s first Kroc Center was completed in 2002.

Rock N Romp Provides Musical Outlet For Parents With Kids in Tow

Parents of young children often find themselves shedding their favorite hobbies and pastimes in favor of family time. But a group of live music lovers say children and rock music can coexist.

Total Thwarts Valero in Refinery Deal

NEW YORK (AP) – European oil giant Total S.A. blocked Valero Energy Corp. from buying Dow Chemical Co.’s stake in a Dutch refinery Friday, instead choosing Russia’s Lukoil Co. for the lucrative venture.

Report: Some Bailed Out Banks Retain Jet Perks

NEW YORK (AP) – A number of executives of banks that received federal bailout money have continued to use corporate jets for personal reasons despite controversy over such perks, according to a Friday report.

House Targets Fed in Bank of America Investigation

WASHINGTON (AP) - A House panel has subpoenaed documents that lawmakers say could shed new light on Federal Reserve Chairman Ben Bernanke's role in Bank of America's acquisition of Merrill Lynch.

Democrats Try to Regain Health Care Momentum

WASHINGTON (AP) - Trying to regain momentum on a core issue of Barack Obama's presidency, House Democrats on Friday unveiled legislation they said would cover virtually all the nearly 50 million uninsured Americans.

Airlines Add Fees – And Some Fees on Top of Fees

MINNEAPOLIS (AP) - As if charging $15 to check a bag weren't enough, two airlines are asking for $5 more beginning this summer if you pay at the check-in counter – a fee on top of a fee.

Obama Says US Immigration Overhaul is Essential

WASHINGTON (AP) - President Barack Obama says he is committed to a comprehensive immigration overhaul that includes a way that illegal immigrants can become U.S. citizens.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 56 137 4,903
MORTGAGES 88 226 6,452
FORECLOSURE NOTICES 6 25 1,504
BUILDING PERMITS 170 318 11,577
BANKRUPTCIES 65 119 5,078
BUSINESS LICENSES 27 46 1,982
UTILITY CONNECTIONS 84 227 6,693
MARRIAGE LICENSES 15 44 1,385

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