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VOL. 126 | NO. 26 | Tuesday, February 8, 2011

Regal Group Joins First National Realty

Yet another set of local real estate firms are joining forces, further proof that reposition is vital amid current economic times.

Kings of the Court

Globetrotters bring basketball show to FedExForum

When the Harlem Globetrotters bring their acrobatic, ball-spinning, high-flying brand of showmanship to FedExForum Wednesday, fans will likewise bring with them certain expectations.

Wharton: City Contract Procurement Overhaul Coming Next Month

The day after he released a report on how to make city government more efficient, Memphis Mayor A C Wharton Jr. told those at an East Memphis luncheon his administration has more plans for reforming the city’s economic development outlook and strategy.

Tn. Senate Approves Schools Bill 20-10

The Tennessee state Senate approved Monday evening the schools consolidation bill proposed by Senate Republican leader Mark Norris of Collierville on a 20-10 vote.

Daily News Marks 125th Anniversary

A birthday cake would have had too many candles.

Auction Biz Heats Up as Market Stagnates

For the most part, Memphis has always been a traditional real estate town with the standard broker-seller relationship.

Pilots Union Council to Vote on FedEx Contract

The executive council of the labor union representing FedEx pilots meets this week to consider a tentative contract between the pilots and the Memphis-based shipper.

Women Reminded to Care for Hearts

Everyone from Memphis television news anchors to cardiologists wore red to work Friday to mark the American Heart Association’s Go Red for Women campaign.

Bridge Deal Could Bring 600-Mile River Bike Trail

If plans materialize for a pedestrian and bicycle boardwalk on the north side of the Harahan rail bridge, the access areas on both sides of the Mississippi River near the bridge would change rapidly.

Sears Closure Will Affect Nearly 100 Workers

Sears has informed the Tennessee Department of Labor and Workforce Development that the closure of its store at 3344 Austin Peay Highway, which the retailer announced in January, will affect 91 workers.

Wolf River Blvd. Land Sells in Lieu of Foreclosure

Two parcels on Wolf River Boulevard, Sale Amount: $1.7 million -
Wolfby GP has sold two commercial areas on Wolf River Boulevard for $1.7 million in lieu of foreclosure, according to a filing with the Shelby County Register of Deeds. The parcels are 15.5 acres and 18.9 acres, according to the filing. The parcels are on the west side of Wolf River Boulevard north and south of Byhalia Road. The Shelby County Register of Deeds’ combined 2010 appraisal was $3.8 million.

We’re in Good Company

Memphis often gets a bad rap. So many people want to focus on negatives, and that simply breeds more negativity. From my perspective, the Memphis market is a uniquely great place to live and do business. Apparently I’m not the only one who thinks so. FedEx, St. Jude Children’s Research Hospital, AutoZone, International Paper, Conwood, Smuckers, Asics, Nucor and Electrolux – all are major corporations either headquartered here or choosing to have major manufacturing or distribution centers here.

The Lesson of Orange Barrels

You are in your car, listening to good music, making good time as you head down the interstate toward the beach. The kids are behaving, your spouse is relaxing by your side and you are far enough down the road that the stress of work and your day-to-day routine are beginning to melt way. Life is good.

STATE LEGISLATURE

Tenn. GOP Measure Targets Federal Health Care Law

NASHVILLE (AP) – Tennessee Republicans have proposed legislation that calls for the state to join an interstate compact challenging the new federal health care law.

REGIONAL

Ark. Panel Backs Title Fee Hike for Police Pension

LITTLE ROCK, Ark. (AP) – Car buyers in Arkansas would have to pay twice as much in title and title application fees under a proposal advanced Monday by a legislative committee that is aimed at helping shore up the struggling Arkansas State Police pension system.

NATIONAL BUSINESS

More Confident Consumers Break Out Credit Cards

WASHINGTON (AP) – Americans are putting more money on their credit cards after more than two years of cutting back, a sign that they are gaining confidence in the economy.

AOL Buying Huffington Post for $315M

Internet company AOL Inc. is buying news hub Huffington Post in a $315 million deal that represents a bold bet on the future of online news.

Humana Posts Big Drop in 4Q Earnings

LOUISVILLE, Ky. (AP)Humana Inc.'s fourth-quarter earnings fell 57 percent as operations were weighed down by expenses partly associated with its Medicare offerings and an expansion into health care delivery.

NATIONAL POLITICS

Obama Says White House, CEOs Must Work Together

WASHINGTON (AP) – President Barack Obama prodded American businesses to do their share to help the economy, calling on executives to “get in the game” and begin investing nearly $2 trillion accumulating on their balance sheets.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 32 344 10,222
MORTGAGES 52 452 13,327
FORECLOSURE NOTICES 30 106 2,644
BUILDING PERMITS 0 783 24,307
BANKRUPTCIES 60 359 9,892
BUSINESS LICENSES 23 133 3,736
UTILITY CONNECTIONS 76 595 14,558
MARRIAGE LICENSES 23 104 3,167

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