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VOL. 127 | NO. 92 | Thursday, May 10, 2012

Poag, N.Y. Investor Buy The Avenue

The Avenue Collierville – the largest lifestyle center in the Memphis metropolitan area at Houston Levee Road and Bill Morris Parkway – has been bought by an affiliate of Memphis-based Poag Lifestyle Centers.

New Business Pattern

Neighbors Schwartz, Cates open sewing shop Sew Memphis in Cooper-Young

Entrepreneurs by nature are risk-takers, and two Midtown neighbors-turned-business partners are the latest evidence.

Home Sales Improve Just 2 Pct.

Shelby County home sales in April saw little change year over year, and more than half of total sales were valued at $100,000 or less.

Nurses Week Honors Those Devoted to Health Care

Nurses across the nation this week are being honored in their communities for dedication to the profession that’s consistently ranked as the most trusted in the nation.

Big Changes Lie Ahead for Local Juvenile Court

In the run-up to this month’s U.S. Justice Department report on Memphis-Shelby County Juvenile Court, the most animated discussions between the attorneys from the Justice Department’s Civil Rights Division and those at Juvenile Court were about state law.

Local Weather
Today
Memphis, TN
52°F
Partly Cloudy
Wind: 0 mph
Humidity: 80%

EVENTS

The Greater Memphis Chamber: International Business Council will hold a seminar on business in the Philippines Thursday, May 10, at 8:30 a.m. at Hilton Memphis, 939 Ridge Lake Blvd. Cost is free. The IBC will also hold a luncheon at noon at the Hilton. Cost is $25, or $15 for attendees of the breakfast seminar. Call Brenda Montgomery at 543-3541.

more events »

Electrolux Fills Key Positions in Memphis

The manager of the Electrolux North America plant in L’Assomption Quebec, Canada, will be the plant manager at the new Electrolux North American cooking products manufacturing plant in Memphis.

MEMPHIS LAW TALK

Eckstein Finds Room to Grow at Martin Tate

Adam Eckstein had been clerking for two years with Tennessee Supreme Court Justice Janice Holder and was interviewing with various law firms, including several in Memphis that seemed like places where he could see himself working.

LOCAL COLUMNISTS

Should Teens Have Credit Cards?

Ray’s Take While I don’t like debt – especially credit card debt – I do realize that credit cards are a necessary tool today. This means part of raising your kids to be responsible adults requires teaching them how to use credit cards the right way; by teaching them to control their spending and pay off their credit card each month, on time and in full. I have seen an extraordinary amount of pain and suffering result from a lack of understanding of credit cards.

Duds in the Courtroom

Asked to participate with other judges at a program, I was told my topic would be dress codes in court. Word must have gotten out that I once found a guy in contempt for appearing in front of me wearing a shirt with the M-F word on it. During an hour in lock-up, the guy purged himself of contempt by turning the shirt inside out.

REGIONAL

Ark. AG: Crumbly Made Political Threats Over Lines

HELENA-WEST HELENA, Ark. (AP) – Arkansas Attorney General Dustin McDaniel says a state senator unhappy with the way his district lines were drawn threatened to work against McDaniel's potential bid for governor if the boundaries weren't reworked.

NATIONAL BUSINESS

US Wholesale Stockpiles Grew 0.3 Percent in March

WASHINGTON (AP) – U.S. wholesalers increased their stockpiles more slowly in March after seeing less growth in sales.

US Casinos Slowly Coming Back From Recession Woes

ATLANTIC CITY, N.J. (AP) – The nation's commercial casinos continued their slow-but-steady comeback from the recession last year, with revenues up 3 percent nationwide and jobs holding nearly steady, according to a report released Wednesday.

REAL ESTATE

Late Payments on Mortgages Fall in 1st Qtr.

LOS ANGELES (AP) – The percentage of U.S. homeowners behind on their mortgage payments dropped in the first three months of this year to the lowest level since 2009, according to a new report.

Fannie Mae Earned $2.7B in Q1, Doesn’t Seek Aid

WASHINGTON (AP) – U.S. mortgage giant Fannie Mae reported its first net income gain since it was taken over by the government during the 2008 financial crisis.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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