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VOL. 126 | NO. 13 | Thursday, January 20, 2011

Angel Investor Group Launches Local Chapter

With small business lending still challenging despite signs of economic recovery and loosening credit, a Nashville-based group that connects angel investors with entrepreneurs will launch its new Memphis chapter Thursday.

World Beat

Dance center brings rhythms of the globe to Mid-South

On any given day a visitor to the Mid-South World Dance Center might witness children brushing up on their Bollywood steps or adult hula-hoopers honing their circus-style tricks.

Kruger Inc. Eyes Expansion in Memphis

Memphis may be landing another big economic development win from Canada, with the possibility of paper, packaging and tissue maker Kruger Inc. reportedly eyeing a major expansion in Memphis.

March 8 Set for Schools Election

With no discussion, the Shelby County Election Commission has set March 8 as the date for a special citywide election on the Memphis City Schools charter surrender.

Dickson Takes Reins of MAAR

Leon Dickson prefers to concentrate on the future of the real estate market rather than dwell on the past.

Local Weather
Today
Memphis, TN
93°F
Mostly Cloudy
Wind: 10 mph
Humidity: 38%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop Thursday from 8:30 a.m. to noon at its office, 5100 Poplar Ave., suite 502. Participants will gain a better understanding of how to prepare IRS Form 990. Cost is $60 for members, $110 for nonmembers and $55 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

IDB Grants U.S. Foodservice 10-Year PILOT

Memphis is now battling Olive Branch, Miss. to keep U.S. Foodservice Inc. in Hickory Hill.

Many Reasons for Compromise Failure

The Shelby County school system’s compromise offer to the Memphis City Schools board failed this week for a number of reasons.

Wharton Administration Rolls Out New Fairgrounds Plan

Four months after Tiger Lane made its debut, the Wharton administration has rolled out a much more expensive and complex proposal for the continued remaking of the Mid-South Fairgrounds.

New DA Weirich Ready to ‘Roll Up Sleeves’

Newly sworn-in Shelby County District Attorney General Amy Weirich has spent 20 years in courtrooms trying all manner of cases.

District 98 Primary to be Decided Thursday

The race to fill the seat in the Tennessee legislature representing Raleigh and North Memphis will be decided Thursday.

Benfield Pulls From Naval Experience

Mark Benfield says his training with the Judge Advocate General corps while in the U.S. Navy helped ready him for a civilian career as a plaintiff’s lawyer in medical malpractice, catastrophic injury and nursing home neglect cases with Apperson Crump PLC. Founded in 1865, it is the oldest continuously operating law firm in Memphis.

Electrolux Incentives and EDGE Framework Clear Committee

A vice president of Electrolux Home Products Inc. on a two-day tour of city and county governments got a few questions from Shelby County commissioners Wednesday but mostly glowing comments during a committee session.

Before You Forget: Respond to Alzheimer’s ASAP

Ray’s Take: At first it’s subtle. Your parent repeats the same story during a dinner conversation. Then your parent arrives on the wrong day for an appointment.

Getting The Last Word In

This is an article for those in charge of things. If you are in charge of anything – a company, a division, a department or a work group – you need to make sure you get in the last word if you want any meaningful feedback from the people who report to you. The key word here is “last,” as in you need to wait until last.

Whatever Happened to Horace?

Where is Horace Rumpole when you need him most?

STATE LEGISLATURE

GOP Leaders Plan Changes to Education This Year

NASHVILLE (AP) – Tennessee Republican leaders say they plan to reform the state's education system, including possibly lifting the cap on charter schools and re-evaluating when high school teachers should get tenure.

REAL ESTATE

Mortgage Applications Rose Last Week

NEW YORK (AP) – The number of borrowers looking to refinance their mortgage rose last week for the third straight time.

2010 Ends as 2nd Worst Year for Home Construction

WASHINGTON (AP) – Builders began work last year on the second fewest number of homes in more than half a century, as the weak economy kept people from buying houses.

NATIONAL BUSINESS

Wells Fargo 4Q Profit Up, Aided by Lower Reserves

NEW YORK (AP)Wells Fargo & Co., one of the largest lenders to consumers among U.S. banks, on Wednesday said its fourth-quarter profit shot up as its customers opened more accounts and improved their loan paying habits.

Experian Adds Rental Data to Credit Reports

NEW YORK (AP) – Rent payment records are now being included in the credit reports of select consumers.

Credit Card Problems Ebbed in December

NEW YORK (AP) — Fewer credit card accounts slipped into default in December than in any other month of 2010, and signs point to further improvement ahead.

FDA Plans Modest Changes to Medical Device System

WASHINGTON (AP) – The Food and Drug Administration is laying out plans to update the 35-year-old system used to approve most medical devices, which has been subject to increasing criticism by public safety advocates.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 156 11,921
MORTGAGES 77 227 15,577
FORECLOSURE NOTICES 15 57 3,080
BUILDING PERMITS 222 606 28,832
BANKRUPTCIES 82 210 11,517
BUSINESS LICENSES 23 73 4,228
UTILITY CONNECTIONS 87 339 17,522
MARRIAGE LICENSES 18 61 3,625

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