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VOL. 127 | NO. 91 | Wednesday, May 9, 2012

Mortgages Up 10 Pct. in April

T.S. Eliot described April as “the cruelest month” in his classic poem “The Waste Land” – but for Shelby County’s mortgage market, April turned out to be a bit more positive than that.

Clearing Blockage

Ordinance looks to rid city of street, sidewalk impediments

The block of Madison Avenue between Main and Second streets hasn’t been easy for quite a while.

Pinnacle Will Close PinnPro Ground Div.

Pinnacle Airlines Corp. announced Tuesday, May 8, that it will wind down its PinnPro Professional Ground Services subsidiary “over the next several months,” leaving the company’s ground operations restructured and much smaller.

Copter Drones Dominate Commission Debate

A plan by the Shelby County Sheriff’s Office to buy two miniature helicopter drones hit some political turbulence Monday, May 7, among Shelby County Commissioners concerned about privacy issues.

City Moves Forward With 25-Square Blight Strategy

The city started a pilot program last year to clean up blight by utilizing a 25-square-block strategy.

Local Weather
Today
Memphis, TN
54°F
Partly Cloudy
Wind: 0 mph
Humidity: 86%

EVENTS

Talk Shoppe will meet Wednesday, May 9, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. Duane McCrory of Top Quality Service will present “Energy Savings on Heating & Air: How to Save on Upcoming Government Changes.” Call Jo Garner at 482-0354 for details.

more events »

Report Finds Patients Receive Appropriate Care

A new report released by Healthy Memphis Common Table (HMCT) – a nonprofit health care network of more than 200 community partners focused on improving regional health care – found an overall improvement in the percentage of patients receiving recommended health care in Memphis and Shelby County.

GTx Reports $11.1 Million Q1 Net Income Loss

Memphis-based biopharmaceutical company GTx Inc. on Tuesday, May 8, reported an $11.1 million net loss for the first quarter, compared to a net loss of $2.6 million for the same period in 2011.

MEMPHIS NEWSMAKERS

Kiser Joins Volunteer Mid-South As Community Services Director

Amanda Kiser has joined Volunteer Mid-South as community services director. Kiser’s responsibilities include mobilizing and maximizing volunteer resources, coordinating training for partner agencies, creating and leading community projects, and marketing VMS’ benefits to agencies and the public.

LOCAL COLUMNISTS

Utilize Storytelling To Sway Customers

There is perhaps no greater weapon in a sales rep’s arsenal than a well-told story. There are fundamental selling skills salespeople must have to find success – the ability to uncover a prospect’s needs, formulate customized solutions, overcome objections, and ask for and close the business. You would assume those skills, coupled with proper selling tools, would equate to success.

Schools: Effective Planning Begins With Data

Before we can achieve our vision of establishing a world-class education system, we must first understand the conditions of the two school districts and develop the capacity to remove any inconsistencies that exist between the current conditions and our overall goal.

REGIONAL

Ark. Governor Says He Wanted to Boost Black Vote

HELENA-WEST HELENA, Ark. (AP) – Gov. Mike Beebe testified in federal court Tuesday that he wanted to keep the black voting-age population high in an east Arkansas Senate district, but that he and the redistricting panel he chaired had to consider all of the state's legislative districts.

Tupelo to Study Entertainment District

TUPELO, Miss. (AP) – Five Tupelo groups have partnered to pay for a market analysis that will target the possibility of building an entertainment venue in the Fairpark District.

NATIONAL BUSINESS

Gov't Cuts Summer Gasoline Price Forecast

NEW YORK (AP) – The government says gasoline will be cheaper this summer than previously expected thanks to a drop in the price of oil.

NATIONAL GOVERNMENT

Gov't Watchdog Urges Stronger Air Safety Oversight

WASHINGTON (AP) – The Federal Aviation Administration has repeatedly lagged in responding to whistleblower complaints about urgent safety problems, including takeoff and landing procedures at one airport that have caused planes to nearly collide, a government watchdog said Tuesday in an unusually harsh public rebuke.

REAL ESTATE

BofA Initiates Home Loan Modification Offers

LOS ANGELES (AP) – Bank of America says it has begun contacting some its customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged foreclosure abuses.

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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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