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VOL. 127 | NO. 171 | Friday, August 31, 2012

Shelby Farms Parkway Still Unresolved

The political road to a Shelby Farms Parkway that extends Kirby Parkway through the northwestern edge of Shelby Farms Park to link up with Whitten Road has a few turns and lots of mileage left in it.

‘Memphis Rocks’

Lipscomb Pitts Breakfast Club mounts civic pride campaign

A few months ago, a contestant from Memphis appeared on the TV game show “Wheel of Fortune.”

Millstone Medical Expands Local Operations

Fall River, Mass.-based Millstone Medical Outsourcing LLC is relocating its Memphis operations to a larger Olive Branch facility to broaden services and capacity.

Ambassador Stresses Singapore’s Trade Importance

When David Adelman, the U.S. ambassador to Singapore came to Memphis this month, there was more than a little interest from FedEx Corp. in his visit.

Midtown Gears Up for Largest Rock for Love Benefit

From Overton Square to the Hi-Tone Cafe to the Levitt Shell, Midtown Memphis is gearing up to “Rock for Love.”

Local Weather
Today
Memphis, TN
75°F
Partly Cloudy
Wind: 7 mph
Humidity: 76%

EVENTS

The Circuit Playhouse will present “Good People” Aug. 31 through Sept. 23 at Circuit, 51 S. Cooper St. For more information or tickets, visit www.playhouseonthesquare.org or call 726-4656.

more events »

New Forensics Center Takes Technological Leap

The new $13 million Regional Forensic Center that formally opened Wednesday, Aug. 29, at 637 Poplar Ave. is the first facility of its kind in West Tennessee that is not a hand-me-down adapted pathology center.

MEMPHIS STANDOUT

Daves Quickly Climbing Commercial Real Estate Ranks

In Bryce Daves’ three years in the commercial real estate business, he’s quickly climbed the ranks to lease some 2 million square feet of property.

LOCAL COLUMNISTS

One Quiet Truck

JUST SEND ONE QUIET TRUCK. My friend Joan White died a couple of weeks ago. You may not have known that.

Vision, Mission and Fundraising – Part 1

Part one of a two-part series. Successful nonprofit fundraising doesn’t just happen. It takes planning and preparation. It also requires an understanding and agreement regarding the organization’s mission, vision, strategic direction, goals, and financial position. We know that many times people want to begin fundraising right away. “We need money; we don’t have time to do all that,” is a common cry.

MEMPHIS AREA

MAA Closes on Texas Acquisition

MEMPHIS (AP) – MAA, formerly Mid-America Apartment Communities Inc., has closed on its acquisition of an apartment complex in Texas.

REGIONAL

Mississippi River Remains Closed, Quiet

NEW ORLEANS (AP) – The Coast Guard said vessels along the Mississippi River were weathering Tropical Storm Isaac early Thursday and there were no reports of loose barges.

After Race to Harvest, Arkansas Farmers Await Isaac Impact

LITTLE ROCK, Ark. (AP) – Arkansas farmers raced to bring in as much of their corn and rice as they could ahead of Isaac's wind and rain reaching the state.

NATIONAL BUSINESS

US Consumer Spending Rose 0.4 Percent in July

WASHINGTON (AP) – Americans spent at the fastest pace in five months in July after earning a little more. The increase in income and consumer spending could help boost an economy mired in subpar growth.

US Unemployment Applications Flat at 374,000

WASHINGTON (AP) – The number of Americans seeking unemployment benefits was unchanged last week at a seasonally adjusted 374,000, suggesting slow improvement in the job market.

REAL ESTATE

Report: Foreclosure Sales Fell Sharply in Second Quarter

LOS ANGELES (AP) – Sales of bank-owned homes and those already on the foreclosure path fell sharply in the second quarter, reflecting a thinner slate of properties for sale in many cities as banks take a measured approach to placing homes on the market.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 11 93 3,391
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 76 352 12,695
BUSINESS LICENSES 21 108 4,597
UTILITY CONNECTIONS 77 564 19,457
MARRIAGE LICENSES 29 151 4,060

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The Memphis News: Business, politics, and the public interest.