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VOL. 126 | NO. 233 | Wednesday, November 30, 2011

Magna Bank Leads County’s SBA Lenders

Memphis-based Magna Bank was the top Small Business Administration lender in Shelby County and among the top SBA lenders statewide for the 12 months ended Sept. 30, according to the SBA’s Tennessee District Office.

Power Up

Hickory Hill’s Power Center Academy moves ahead

The company that operates the Power Center Academy charter school in Hickory Hill has made the list of charter schools the Tennessee Department of Education will use as part of its Achievement School District.

Airport CEO Larry Cox to Head Chamber Board

The Greater Memphis Chamber has a new chairman of the board.

Chism Vying With Jackson for GS Court Clerk

With one week to the filing deadline, the race for General Sessions Court Clerk is the busiest of the four races to be decided next year in the March 6 county primaries and the Aug. 2 general elections.

ULI Event To Tackle CRE Outlook

Most commercial real estate markets have stabilized, but improvement in occupancies and rents won’t be as certain in 2012.

Local Weather
Today
Memphis, TN
80°F
Fair
Wind: 6 mph
Humidity: 76%

EVENTS

Talk Shoppe will present “The Mastermind Principle: Based on the book ‘Think and Grow Rich’ by Napoleon Hill” Wednesday, Nov. 30, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

School Board To Discuss Policy on School Sales

The countywide schools board is waiting on a plan for the merging of the two public school systems in Shelby County.

Calvary Series Welcomes Boychoir’s Angelic Voices

After returning from a tour of the nation’s capital that included performances at the National Cathedral, Basilica of the Immaculate Shrine, and the Canadian and Singapore embassies, the Memphis Boychoir celebrates the holy season of Advent with a hometown performance at Calvary Episcopal Church.

Medtronic Launches New Spinal Product

Medtronic Inc. has launched a new product designed to provide spinal stabilization and correction in patients suffering from a traumatic or tumor-related disorder.

MEMPHIS NEWSMAKERS

Smith Named Vice Prez At S. Webster Haining

Doug Smith has been named vice president, administrative operations, at S. Webster Haining & Co.

LOCAL COLUMNISTS

The Demise Of Black Friday

The Black Friday moniker was coined in the 1960s as the first day of the year retailers turn a profit or operate in the black. Consumers know it as the day after Thanksgiving when retailers offer deep discounts to kick off the holiday shopping season.

MEMPHIS AREA

3 New Exhibits Opening at Graceland

MEMPHIS (AP) – Elvis Presley Enterprises says three new exhibits will open next year at Graceland in Memphis to commemorate the 35th anniversary of the entertainer's death.

STATEWIDE

Lawmakers Consider Halving Some Scholarships

NASHVILLE (AP) – A committee of Tennessee legislators is considering cutting in half the amount of scholarship money for some college students.

Occupy Billed $1,045 for Security Before Arrests

NASHVILLE (AP) – The state Department of General Services billed Occupy Nashville $1,045 to provide two troopers for security the night before they began arresting the protesters and clearing their encampment.

REGIONAL

Miss. Economic Council Rolling Out Growth Plan

JACKSON, Miss. (AP) – The Mississippi Economic Council is holding 12 meetings statewide as it prepares to lobby officials to implement its recommendations to spur economic growth in the state.

NATIONAL BUSINESS

American Airlines Files for Bankruptcy Protection

DALLAS (AP) – The parent company of American Airlines filed for bankruptcy protection Tuesday, seeking relief from crushing debt caused by high fuel prices and expensive labor contracts that its competitors shed years ago.

Most American Airlines Fliers to See Little Impact

NEW YORK (AP) – For most of the 240,000 passengers who fly American Airlines each day, the airline's bankruptcy filing should have little noticeable impact.

Reports Say 'Cyber Monday' Top Online Shopping Day

NEW YORK (AP) – Online shoppers spent record amounts on the Monday after the Thanksgiving holiday weekend, making it the biggest online shopping day in history.

US Labor Dept. Alleges Discrimination by Cargill

LITTLE ROCK, Ark. (AP) – One of the nation's largest meatpackers systematically discriminated against more than 4,000 qualified applicants who sought entry-level jobs at a turkey processing plant in Arkansas, the U.S. Labor Department said Tuesday.

NATIONAL POLITICS

Watchdog: Fannie, Freddie Abuses Went Unchecked

WASHINGTON (AP) – A government watchdog said Fannie Mae and Freddie Mac improperly foreclosed on homeowners and cost the government billions of dollars by not holding major banks to strict underwriting requirements.

Fitch May Lower Fannie, Freddie Debt Outlook

NEW YORK (AP) – The Fitch ratings agency will likely lower its outlook for debts linked to the U.S. government to negative, including debt of government-controlled mortgage buyers Fannie Mae and Freddie Mac.

Obama's Medicare Nominee Gets GOP Leader's Support

WASHINGTON (AP) – President Barack Obama's Medicare nominee Tuesday got unexpected support from one of Congress' Republican stars. House Majority Leader Eric Cantor told The Associated Press that Marilyn Tavenner is "eminently qualified" to run Medicare.

White House Non-Committal on Paying for Tax Cut

WASHINGTON (AP) – The White House is refusing to say whether President Barack Obama would sign into law an extension of payroll tax cuts that is not paid for.

Gov't Aircraft Operations Often Lack FAA Oversight

WASHINGTON (AP) – Nonmilitary government agencies own or lease thousands of aircraft, but they are often on their own when it comes to safety oversight of their operations – a situation that accident investigators say has contributed to air crashes and deaths.

REAL ESTATE

Survey: Home Prices Down in Most Major US Cities

WASHINGTON (AP) – U.S. home prices are falling again in most major cities after posting small gains over the summer and spring. The report suggests the troubled housing market remains weak and won't recover any time soon.

HEALTH CARE

States Suing Over Health Care Law Collect Funding

WASHINGTON (AP) – Federal officials announced Tuesday they are awarding more money to help states carry out President Barack Obama's health care overhaul. So what's the surprise?

Humana Announces Deal to Buy Chronic-Care Provider

LOUISVILLE, Ky. (AP) – Health insurer Humana Inc. says it is acquiring SeniorBridge, a New York-based chronic-care provider best known for offering in-home care for the elderly.

SPORTS

Judge Puts NBA Court Proceedings on Hold

MINNEAPOLIS (AP) – A Minnesota federal judge has put the legal fight between the NBA's players and owners on hold to give the two sides time to finish their collective bargaining agreement.

TECHNOLOGY

Facebook Settles With US Over Deception Charges

NEW YORK (AP) – Facebook is settling with the Federal Trade Commission over charges it deceived consumers with its privacy settings to get people to share more personal information than they originally agreed to.

Report Says Facebook Seeks $10 Billion in IPO

NEW YORK (AP) – Facebook might finally be laying down the groundwork for a highly anticipated initial public offering, long expected to take place sometime after April 2012.

Google's Maps Go Indoors With New Mobile Feature

SAN FRANCISCO (AP) – Google's next frontier in digital mapping will span the world's shopping malls and airports.

'Fahrenheit 451' Finally Out as an E-Book

NEW YORK (AP) – At age 91, Ray Bradbury is making peace with the future he helped predict.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 327 11,765
MORTGAGES 76 371 15,350
FORECLOSURE NOTICES 41 112 3,023
BUILDING PERMITS 382 972 28,226
BANKRUPTCIES 65 345 11,307
BUSINESS LICENSES 19 117 4,155
UTILITY CONNECTIONS 184 700 17,184
MARRIAGE LICENSES 20 100 3,564

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