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VOL. 126 | NO. 10 | Friday, January 14, 2011

School Election to be Held in 45 to 60 Days

The lawsuit is over and the election is on in the fast-moving, ever-changing schools standoff.

Haslam Readies for Office

Gov.-elect talks schools, biz issues on Memphis stop

Bill Haslam’s title will change from Tennessee governor-elect to governor when he takes the oath of office Saturday.

MCS Board To Look At Compromise

On the day that the Tennessee Election Coordinator caved and told the Shelby County Election Commission to put a Memphis City Schools (MCS) charter surrender on the ballot, the MCS board voted to hold a meeting at some date in the near future to consider a compromise.

Interstate Brands Renews, Expands Lease

Interstate Brands Corp. has renewed and expanded its lease in the Germantown Park - Kimbrough Building in Cordova, more than doubling its footprint.

Smart Works Out Deal on Cemetery Charges

One-time Forest Hill cemetery and funeral home owner Clayton Smart has reached an agreement with prosecutors in Memphis, Oklahoma and Michigan to plead guilty to tax and theft charges – federal and state.

Local Weather
Today
Memphis, TN
53°F
Mostly Cloudy
Wind: 14 mph
Humidity: 47%

EVENTS

The Rotary Club of Memphis Central will meet Friday from 11:45 a.m. to 1 p.m. at Chickasaw Country Club, 3395 Galloway Ave. Mike Ross-Spang, owner and head trainer at Elite Personal Fitness, will speak. Cost is free for members and first-time guests and $25 for returning guests. For reservations, call Karen Shea at 683-9099.

more events »

Bankruptcy Trends Shift, Local Numbers Drop

Bankruptcy attorney Jimmy McElroy, one of the Memphis court’s top filers, has noticed a recent change in local bankruptcy trends.

Green Jobs’ Role in Social Justice Topic for MSPJC Gala

A national figure in the growing discussion of the American green economy will speak about green jobs serving all races and classes in Memphis Saturday.

IDB Approves Electrolux PILOT

Electrolux Home Products Inc. was approved for a 15-year payment-in-lieu-of-taxes (PILOT) for its $195 million southwest Memphis manufacturing facility in a special Wednesday session of the Memphis-Shelby County Industrial Development Board.

Deadline Looms for Dunavant Awards

Saturday is the deadline for nominations for the Bobby Dunavant Public Service Awards.

Artist Brown Draws Inspiration From Gardens

Whether it’s photographs, murals or public installations, professional artist Tobacco Brown loves gardening so much that even during the off-season she makes sure she’s working with horticulture in some form.

Testing the Possible

Sharpen your pencils. This is a test.

Looking at Local Cause Marketing

Part One of Two-Part Series

MEMPHIS AREA

Shelby Co. Reviewing Plan for Bikes, Pedestrians

MEMPHIS (AP) – Shelby County officials are reviewing the master plan for bicycle lanes and pedestrian routes in neighborhoods.

STATEWIDE

Tenn. Revenues Improve; Projections Delayed Again

NASHVILLE (AP) – Revenue collections are showing continued improvement in Tennessee's finances, but the state panel responsible for setting projections for the next budget year has punted that task for another month.

Borders to Close Distribution Center, Cut 310 Jobs

ANN ARBOR, Mich. (AP) – Troubled book seller Borders Group Inc. said Wednesday that it will close one of three distribution centers in mid-July and eliminate the LaVergne, Tenn., facility's 310 jobs.

STATE LEGISLATURE

Tenn. House Speaker Harwell Announces Committees

NASHVILLE (AP) – Tennessee Republican House Speaker Beth Harwell has announced legislative committees.

REGIONAL

Cooper Tire to Expand Tupelo Plant

TUPELO, Miss. (AP)Cooper Tire & Rubber Co. has announced a $9 million expansion at its Tupelo plant. The expansion will add 35 new jobs.

REAL ESTATE

Banks Repossess 1 Million Homes in 2010

NEW YORK (AP) – The bleakest year in foreclosure crisis has only just begun.

Rate on 30-Year Fixed Mortgage Dips to 4.71 Pct.

NEW YORK (AP) – Rates on fixed mortgages dipped for the second straight week as Treasury yields fell.

NATIONAL BUSINESS

Medtronic Completes Ardian Buyout

NEW YORK (AP)Medtronic Inc., the world's largest medical device maker, said Thursday it completed the $800 million buyout of blood pressure treatment maker Ardian Inc.

More People Applied for Jobless Aid Last Week

WASHINGTON (AP) – More people applied for unemployment benefits last week after retailers shed temporary holiday employees.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 269 16,682
MORTGAGES 0 313 21,745
FORECLOSURE NOTICES 0 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 0 287 15,829
BUSINESS LICENSES 0 67 5,558
UTILITY CONNECTIONS 0 413 23,986
MARRIAGE LICENSES 0 94 5,129

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