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VOL. 126 | NO. 34 | Friday, February 18, 2011

Sportsmen Gather for Clean Water Summit

Earlier this week, Ducks Unlimited hosted the Sportsmen’s Summit for Clean Water, a think tank of national organizations brought together to look at grassroots conservation and communication efforts in their various communities and ways to effectively enforce the Clean Water Act of 1972.

High Gear

Car enthusiasts rev up for international auto show

The 2011 Memphis International Auto Show rolls into town Friday through Sunday, giving car enthusiasts a chance to check out more than 250 of the latest cars, trucks, SUVs and hybrids, along with many other special attractions at the automotive extravaganza.

Cadence Bank CEO Stepping Down

Lewis Mallory, the chairman and CEO of the holding company for Cadence Bank, is stepping down.

Wharton Outlines Painful Budget Scenarios

Memphis Mayor A C Wharton Jr. has four plans for dealing with a projected $70.4 million deficit in the new fiscal year.

Ripples From Stanford Scheme Still Felt in Memphis

The court-appointed receiver who’s unwinding the now-defunct operations of Stanford Financial Group – once fueled by money from a giant Ponzi scheme – is preparing to sell off Stanford property in Collierville.

Local Weather
Today
Memphis, TN
82°F
Partly Cloudy
Wind: 6 mph
Humidity: 51%

EVENTS

The University of Memphis Herff College of Engineering will honor John A. Pafford as its 2011 Outstanding Alumnus at its annual awards dinner March 1 at 6 p.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Tickets are $35 per person. Deadline for reservations is Friday. For more information, call 678-4306.

more events »

Schools Forums Hit Other Notes In Controversy

Shelby County Commissioner Mike Ritz says Germantown leaders and taxpayers should form a municipal school district now if they are going to.

Metro Consolidation Case Stays Alive

The Shelby County Election Commission can certify the results of the Nov. 2 referendum on the metro consolidation charter.

Mt. Zion Upgrades to Larger Church in Frayser

Two Memphis area churches have closed on a deal that’s been in the pipeline for about a year and a half.

Memphis Owner of Vegas B.B. King Club Files Bankruptcy

The Memphis company that owns B.B. King Blues Club in Las Vegas has filed for bankruptcy protection in Memphis federal court. Beale Street Blues Co. Las Vegas LLC Wednesday filed for Chapter 11 bankruptcy reorganization, according to The Daily News Online, www.memphisdailynews.com.

Dunavant Survey Shows Industry Confidence

Logistics customers and the companies that move their goods around the world need to do a better job of talking to each other.

Medtronic Shows Students Possibilities in Engineering

Horn Lake High School senior Carlos Perez hopes to head to Georgia Tech this fall to study mechanical engineering, but he’s already making valuable connections in the industry with the help of Medtronic.

Pinnacle Earnings Fall, Revenue at $1B

Pinnacle Airlines Corp.’s year-end earnings fell short of analysts’ estimates, something company officials blamed on the combination of a tentative contract agreement, added aircraft to one of its subsidiaries and December’s winter weather storms.

Withers Documentary to Air as Museum Opening Awaits

The family of photographer Ernest Withers is bracing for another wave of national attention this month.

Clark Shapes Mission for Habitat For Humanity

Micheal Clark is the family services director at Habitat for Humanity of Greater Memphis, a role he has held since 2004.

Getting Over It

Getting over the big divide.

How to Prepare for a Change at the Top

Part Two of a Two-Part Series

STATEWIDE

State Giving Away Smoke Alarms in Annual Event

NASHVILLE (AP) – The state fire marshal's office is giving away thousands of smoke alarms.

REGIONAL

TVA Rate Change Could Mean $3 More or $3 Less

CHATTANOOGA (AP) – The Tennessee Valley Authority is changing its 19-year-old rate structure April 1 but can't say who among its 9 million customers will pay more.

REAL ESTATE

Risk of Foreclosure Dips, But Remains Elevated

NEW YORK (AP) – Fewer Americans fell behind on their mortgage payments in the final three months of last year, but foreclosures are still rising.

NATIONAL BUSINESS

DOT Fines Delta $2M for Disability Violations

WASHINGTON (AP) – The Transportation Department is ordering Delta Air Lines Inc. to pay a $2 million civil penalty after complaints about the way the airline treated disabled passengers.

Judge OKs Borders Financing, Gift Card Program

NEW YORK (AP) – A judge has granted Borders Group approval on an interim basis to use $400 million of the $505 million in financing it has been offered to pay its vendors back and keep its business going, including honoring its loyalty program and gift cards.

Forecast: Group Sees 2011 Retail Sales Up 4 Pct

NEW YORK (AP) – The nation's largest retail trade group says it expects retail sales to rise 4 percent this year, the biggest increase since 2006, but shoppers are likely to remain cautious as they cope with slow job growth and rising prices.

Consumers Paid More for Most Goods in January

WASHINGTON (AP) – Consumers paid more in January for everything from food and gas to airline tickets and clothing. The price increases reflect creeping but still-modest inflation.

Leading Indicators Rise 0.1 Percent in January

NEW YORK (AP) – A private research group says its gauge of future economic activity rose a slim 0.1 percent in January, significantly slower than in recent months as a measure of the housing market tumbled.

Airlines Rolling Back Latest Fare Increase

DALLAS (AP) – Major U.S. airlines are rolling back a fare increase of up to $120 per round trip on tickets favored by business travelers.

NATIONAL POLITICS

Obama Talks Jobs With Jobs, Other Tech Leaders

WASHINGTON (AP) – President Barack Obama is assembling the biggest names in Silicon Valley to confer on jobs and innovation, trying to get leaders from companies like Google and Apple behind his push to keep spending on high-tech initiatives even as Republicans are out to slash the budget.

Bernanke: Fed is Moving Ahead on Financial Revamp

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke says the central bank is working closely with other regulators to implement the biggest overhaul of the nation's financial rules since the 1930s.

Fed May Reconsider Plan to Limit Debit Card Fees

WASHINGTON (AP) – The Federal Reserve is telling Congress it may reconsider its proposal to limit the fee that banks charge merchants for debit card transactions to 12 cents per swipe.

Obama: Talks on Entitlements 'Have Already Begun'

WASHINGTON (AP) – President Barack Obama said Wednesday that difficult debates on how to address the costs of Social Security and Medicare are "starting now," even though his 2012 budget blueprint lacked any major changes to the large benefit programs.

Democrats Turn 'Where are the Jobs?' Chant on GOP

WASHINGTON (AP) – Republicans won sweeping victories last November by taunting Democrats with "Where are the jobs?" Democrats are now throwing those taunts back, saying it's Republicans who will knock thousands of Americans out of work with their demands for deep cuts in federal spending.

Unemployment Benefits Jump to 410,000

WASHINGTON (AP) – More people applied for unemployment benefits last week, one week after claims had fallen to the lowest level in nearly three years.

Congress Extends Patriot Act Measures for 90 Days

WASHINGTON (AP) – Congress on Thursday gave itself three more months to consider changing provisions of anti-terrorism law that have been valuable in tracking security threats but have drawn fire from defenders of privacy rights.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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