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VOL. 125 | NO. 171 | Thursday, September 2, 2010

Pinnacle CEO: No Decision on HQ Yet

Pinnacle Airlines Corp. appears to be in the final throes of making a decision about where it will relocate the corporate headquarters it’s outgrown near Memphis International Airport.

The Musician's Progress

Artists look to Web to gain support

Valerie June’s grandfather gave her a guitar for her 15th birthday. Since then she has worked tirelessly to make a living following her passion.

State Court Rules in MED Immunity Case

The Tennessee Supreme Court has ruled for the second time that a 2003 law granting The MED protections from lawsuits because of its governmental ownership is not retroactive.

Multi-Phase Plans Under Way for Former Marina Cove

The multi-phase Power Center Academy Towne Center to be built on what is now the Marina Cove Apartments in Hickory Hill could have a construction contractor by the end of the year.

Businesses Advised to Plan Now for Disaster

A prepared business is a resilient business. That was the lesson learned this week at a daylong workshop teaching company owners how to plan for disasters.

Local Weather
Today
Memphis, TN
81°F
Partly Cloudy
Wind: 0 mph
Humidity: 72%

EVENTS

The Leadership Academy will continue its 2010 Celebrate What’s Right Luncheon series with an address by FedEx Chief Information Officer Rob Carter Thursday from noon to 1:30 p.m. at the Hilton Memphis, 939 Ridge Lake Blvd. Tickets are $25 and include lunch. For reservations, visit www.leadershipacademy.org.

more events »

Hip Hop Expo Puts Focus on City’s Emerging Scene

Known the world over for its rich music history, Memphis waves high the banner the “Home of the Blues” and “Birthplace of Rock ’n’ Roll.”

‘Vertical Prosecution’ To Enhance DA’s Casework

Shelby County District Attorney General Bill Gibbons’ creation this week of a new special victims unit is part of a paradigm shift for his office that involves new prosecutors and new ways of trying cases.

Biz Book Club Aims to Inform

It’s been a while since “leisure time for reading” made the top of Beth Okeon’s to-do list, but a new group aimed at breaking business books down into bite-size pieces is helping her maximize what reading time she has.

Zoo to Open Ice Skating Rink in November

Memphians soon will have a reason to get their ice skates out of the closet or to even go buy new ones.

Triche Pays City’s Kindness Forward at Community Legal Center

When attorney Alicia Triche heard of a job opening at the Memphis Community Legal Center, she was quick to call and express her interest.

A Lesson About Avoiding Student Loans

Ray’s Take: The Federal Reserve reported in August that Americans owe more on student loans than on credit card debt. That might be good news if it meant more of us were gaining knowledge while at the same time paying off our credit balances.

STATEWIDE

Students Question Haslam, McWherter at Gov's Forum

NASHVILLE (AP) – A new Tennessee law allowing guns to be carried in bars and the controversy over a planned mosque in Murfreesboro were among the issues on the minds of high school students at a gubernatorial forum Tuesday evening.

NATIONAL BUSINESS

Construction Activity Declines 1 Percent in July

WASHINGTON (AP) – Construction spending tumbled in July to the lowest level in a decade, as the housing market struggles in the weak economy and without a popular home-buying tax credit.

US Manufacturing Grows for 13th Straight Month

NEW YORK (AP) – U.S. manufacturing expanded in August for the 13th straight month, lifting hopes that economic growth won't stall.

July Unemployment Up in About Half of US Cities

WASHINGTON (AP) – The unemployment rate rose in nearly half of the nation's 374 largest metro areas in July, as the pace of hiring slowed from earlier this year.

Banks to Allow Local Groups to Buy Foreclosures

WASHINGTON (AP) – Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.

Some BofA Shareholders Can Apply to Tap $150M Fund

WASHINGTON (AP) – Investors who lost money when Bank of America Corp. bought Merrill Lynch without disclosing Merrill's problems can start applying to tap a $150 million compensation fund.

Automakers Say US Sales Turn Frail in August

DETROIT (AP) – Auto sales, once a bright spot in the economic recovery, stalled last month as the nation's largest car companies reported falling sales.

Mortgage Applications Rise 2.7 Percent on Low Rates

NEW YORK (AP) – Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments.

NATIONAL POLITICS

Regulators Defend Actions on Lehman, Wachovia

WASHINGTON (AP) – Federal bank regulators on Wednesday defended their actions leading up to the collapse of Lehman Brothers and the purchase of Wachovia at the height of the financial crisis before members of an inquiry panel who criticized government oversight of the banks.

Unions Gearing Up to Support Dems in November

WASHINGTON (AP) – Union leaders said Wednesday they will mobilize millions of members in 26 states with a message about "economic patriotism" as they try to help Democrats hold onto their majority in the House and Senate.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 238 10,116
MORTGAGES 103 297 13,172
FORECLOSURE NOTICES 0 40 2,578
BUILDING PERMITS 0 370 23,894
BANKRUPTCIES 70 222 9,755
BUSINESS LICENSES 20 71 3,674
UTILITY CONNECTIONS 126 390 14,353
MARRIAGE LICENSES 0 53 3,116

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