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VOL. 127 | NO. 81 | Wednesday, April 25, 2012

Delta Confident Despite Q1 Loss

Delta Air Lines Inc. posted a net loss of $39 million in the first quarter of 2012 including taxes, but thanks to fuel hedging gains the Atlanta-based airline posted its best March quarter since 2000.

In Need of Repair

County administration building one of many requiring renovation

The Shelby County Trustee’s office is out of the Vasco Smith County Administration Building and in the county government building across Second Street at 157 Poplar Ave.

Craft Brewery on Tap for Edge District

A new microbrewery has its sights set on Memphis’ Edge District for a September opening.

Chandler Event To Highlight Q1 Housing

Shelby County home sales increased 20 percent from January to March compared to last year, but that number requires some reading between the lines.

Marohn Turns Urban Focus on Memphis

Charles Marohn has been in Memphis since Monday, April 23, getting a look around and preparing for the latest in the urban planner and professional engineer’s series of nationwide “curbside chats” on sustainable growth for cities like Memphis.

Local Weather
Today
Memphis, TN
40°F
Partly Cloudy
Wind: 5 mph
Humidity: 60%

EVENTS

The Memphis Social Media Club will meet Wednesday, April 25, from noon to 1 p.m. in the Glankler Brown PLLC conference room, 6000 Poplar Ave., suite 400. Eric Proseus will discuss communicating via social media during bad weather and other crises. Email memphissmc@gmail.com or call 521-1453 for details.

more events »

Johnson Finds Right Spot at Former Mall Site

Local industrial brokers are well aware of the city’s taxes and its impact on putting together a competitive proposal for a potential user.

New Procedure Gives Hope To Local Heart Patients

Open-heart surgery – the conventional procedure for treating heart valve disease – typically isn’t an option for many older and more fragile patients, leaving them to live with symptoms that diminish their quality of life.

Report: Verizon is Best Carrier In Memphis

In the pitched battle among the big carriers for mobile phone customers in the Memphis area, mobile testing firm RootMetrics is calling this round for Verizon.

MEMPHIS NEWSMAKERS

White Joins BankTennessee As Mortgage Specialist

Judy Sulton White has joined BankTennessee as a mortgage loan specialist. White has worked in the mortgage industry for 30 years and will focus on new-home financing options, mortgage refinances and custom construction loans.

LOCAL COLUMNISTS

How to Spot Great Sales Talent

Sales skills can be taught. The idea that successful salespeople are “born that way” is simply a myth. Few are. It’s a learned skill – one crafted and honed through years of practice.

STATEWIDE

Amazon Telling Tennessee Customers About Owed Tax

CHATTANOOGA (AP) – Online retailer Amazon.com has begun emailing Tennessee customers, telling them they might owe taxes on their purchases.

STATE GOVERNMENT

Governor Signs Civil Service Overhaul Bill

NASHVILLE (AP) – Gov. Bill Haslam on Tuesday signed his plan to overhaul state civil service rules that make it easier for executive branch employees to be hired and fired, and allow merit raises for high-performing workers and pay decreases for poor ones.

Haslam Mulling Embryo Legislation

NASHVILLE (AP) – Gov. Bill Haslam says he's reviewing legislation that would make the embryo of a woman who is assaulted a victim.

REGIONAL

Miss. Judge Declares Damages Cap Unconstitutional

JACKSON, Miss. (AP) – A state judge has declared a legislatively imposed cap on how much juries can award in non-economic damages unconstitutional.

Mississippi Casino Revenues Rise in March

JACKSON, Miss. (AP) – March winnings at Mississippi's casinos rose 3.9 percent for a year ago, the third time in the last four months that revenues have improved at the state's 29 gambling halls.

NATIONAL BUSINESS

Regions Financial Q1 Profit is $145M, Beats Street

BIRMINGHAM, Ala. (AP)Regions Financial Corp. gave out more mortgage loans to its customers and commercial loans to businesses in the first three months of the year, which helped the bank post more than eight times the profit it reported last year.

REAL ESTATE

Foreclosures Squeezing US Home Prices and Sales

WASHINGTON (AP) – Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 63 269 16,682
MORTGAGES 85 313 21,745
FORECLOSURE NOTICES 0 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 65 287 15,829
BUSINESS LICENSES 16 67 5,558
UTILITY CONNECTIONS 126 413 23,986
MARRIAGE LICENSES 22 94 5,129

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