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VOL. 125 | NO. 172 | Friday, September 3, 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.

Honoring Heritage

Downtown festival celebrates city’s musical roots

Judy Peiser has a good idea of how Memphians define Memphis, but the catch is that her definition lasts only one year at best.

Wade Says He Won't Turn Over Election "Informant" To TBI

The Democratic nominee for Shelby County Sheriff says he has an “informant” who has information about irregularities in the Aug. 5 elections.

Database Threat to Device Industry

Memphis orthopedics jobs could be lost to foreign competitors if they lift proprietary information about medical devices from a public database proposed by the U.S. Food and Drug Administration.

Mayor at Heart of Consolidated Government

A consolidated city and county government would have a strong metro mayor with centralized power.

Local Weather
Today
Memphis, TN
73°F
Partly Cloudy
Wind: 9 mph
Humidity: 73%

EVENTS

The Memphis Bar Association will present “Avoiding Claims by Proper Understanding & Utilization of the Mutual Indemnification Agreement” Friday from noon to 1 p.m. at Regions Bank, 6200 Poplar Ave. For more information or to register, call 527-3582 or visit www.memphisbar.org.

more events »

Peabody Suites Stalled for Year or Longer

It will be at least one more year before Belz Enterprises gets all the financing in place to move forward with Peabody Suites, a major transformation Belz envisions for the Peabody Place retail and entertainment center.

Architecture Month Highlights Industry’s Local History

From “The Art of Architecture” exhibit that opens Thursday at 511 S. Main St. to the auction and finale happening on the last night of the month in the same space, the events lineup for Architecture Month 2010 is focused on a singular objective.

O’Conner Vying for ‘Feeding Dreams’ Honor

Donald O’Conner may not be running for office, but he wants your vote. In fact, he would like your vote every day now through Halloween.

More Than One Lane

Everybody’s green is in Tiger Lane.

NATIONAL BUSINESS

Pending Home Sales Rise 5.2 Percent in July

WASHINGTON (AP) – The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak.

Burger King Agrees to $3.26B Buyout by 3G Capital

CHICAGO (AP)Burger King Holdings Inc., the nation's perennially No. 2 hamburger chain, said Thursday that it is selling itself to little-known private equity firm 3G Capital in a deal valued at $3.26 billion.

Data Show Jobless Claims Drop, Retail Sales Rise

WASHINGTON (AP) – A weak economy got a little lift Thursday with new data suggesting companies aren't pursuing mass layoffs and stores are a little busier.

Target's August Revenue Comparison Rises

MINNEAPOLIS (AP) – Discount retailer Target Corp. said Thursday sales of back-to-school and food items helped revenue in stores open at least a year rise 1.8 percent in August.

Productivity Falls While Labor Costs Increase

WASHINGTON (AP) – Productivity in the spring fell by the largest amount in nearly four years while labor costs rose, signals that companies may have reached the limits of squeezing more work out of fewer workers.

Workers Bear Larger Share of Health Premium Costs

INDIANAPOLIS (AP) – Researchers say workers are paying a larger portion of health insurance costs as businesses, trying to ride out the economic downturn, shift more of the burden to their employees.

Discounts Spur Surprising Aug. Retail Sales Gains

NEW YORK (AP) – American shoppers, taking advantage of deep discounts and tax-free holidays, opened up their wallets a little more for back-to-school spending compared with last year, giving some retailers better-than expected gains for August.

NATIONAL POLITICS

Report: SEC Investigating Canceled Trades

NEW YORK (AP) – The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, according to The Wall Street Journal.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 70 224 13,880
MORTGAGES 105 298 18,124
FORECLOSURE NOTICES 16 55 3,560
BUILDING PERMITS 0 430 32,733
BANKRUPTCIES 81 211 13,214
BUSINESS LICENSES 23 68 4,773
UTILITY CONNECTIONS 103 307 20,206
MARRIAGE LICENSES 39 72 4,269

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