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VOL. 127 | NO. 131 | Friday, July 6, 2012

Delta Touts Gains as MEM Cuts Continue

Delta Air Lines continued to tout passenger unit revenue gains and an increase in load factors on its jets for the month of June.

Expanding Outreach

Catholic Charities launches mobile food pantry

Catholic Charities of West Tennessee (CCWTN) recently expanded its outreach to the poor by launching a new mobile food pantry that will travel throughout the region, providing sustenance to families in need.

Hillwood Buys Pilot Drive Warehouse

Hillwood Investment Properties has purchased the 605,000-square-foot warehouse at 4221 Pilot Drive in Southeast Memphis for $7.5 million from Addison, Texas-based MM Industrial Memphis LLC.

Mays Sets Monday Conference in Schools Case

Memphis Federal Court Judge Hardy Mays has set a Monday, July 9, status conference with all sides in the schools consolidation case.

Herenton Wants Juvenile System Charter School

Former Memphis Mayor Willie Herenton wants to open a charter school that draws its students from those youths in the custody or care of the Memphis-Shelby County Juvenile Court.

MEMPHIS STANDOUT

Sanders Keeps Busy in Memphis Tech Scene

Beth Sanders is one of those people almost anyone knows if they’ve spent a significant amount of time in Memphis’ technology community.

LOCAL COLUMNISTS

Hit Dogs

IT’S NOT RACIAL. IF I’M LYING, I’M DYING. We are lying. And if we don’t realize it, we will die from it.

Stop. Look. Listen.

Volunteers are the heart and soul of your nonprofit even if you have a large staff. At the end of the day, volunteers can take you to places you haven’t even dreamed of. Our “stop, look and listen” program can help unleash the creativity and power of your volunteers.

STATEWIDE

Utility Regulatory Agency Missing Staff

NASHVILLE (AP) – The state agency responsible for setting rates and service standards for privately-owned utilities is lacking an executive director and board quorum.

NATIONAL BUSINESS

As US Economy Steadies, Bank Closings Become Rarer

WASHINGTON (AP) – Fewer U.S. banks are failing than at any time since the financial crisis erupted in 2008. The healthier banking industry is helping sustain an economy slowed by lackluster hiring, weak manufacturing and Europe's debt crisis.

Report: Countrywide Won Influence With Discounts

WASHINGTON (AP) – The former Countrywide Financial Corp., whose subprime loans helped start the nation's foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report.

US Jobless Aid Applications Fall to 6-Week Low

WASHINGTON (AP) – Fewer people applied for U.S. unemployment benefits last week, and a private survey showed hiring picked up in June. The reports offered some hope for the job market after three sluggish months of hiring.

Fred’s, Other Retailers Report Tepid Sales

NEW YORK (AP) – Shoppers, worried about jobs and the overall economy, pulled back on spending in June, resulting in tepid sales for many retailers, including Memphis-based Fred’s Inc.

US Service Firms Grew at Slowest Pace in 2 Years

WASHINGTON (AP) – U.S. service companies grew in June at the slowest pace in nearly two and a half years, more evidence that the economy has weakened.

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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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