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VOL. 127 | NO. 223 | Wednesday, November 14, 2012

Shelby County Mortgages Up in October

The Federal Reserve has signaled its intent to buy mortgage-backed securities for much of the near future to try and goose the economy, which means mortgage rates are liable to keep skating along the bottom, as they are now.

Shaping Combat

Crew Training International directs way missions are flown

In an unassuming building in Germantown is a company helping to shape the way combat pilots and ground crew work, and combat missions are flown the world over.

Pinnacle Delays Reorganization Plan

Pinnacle Airlines Corp. has delayed filing a reorganization plan and financial disclosure to Delta Air Lines, possibly until the end of December.

Saint Francis Introduces MAKO Knee Treatment

Saint Francis Hospital-Memphis this week becomes the first hospital in the city to offer the MAKOplasty partial knee resurfacing treatment.

Aiken: The Study Brings Accountability to Tutoring

Entrepreneurs are by nature risk-takers, but it’s not everyday that you see a 24-year-old putting his livelihood on the line to pursue his calling.

Local Weather
Today
Memphis, TN
81°F
Mostly Cloudy
Wind: 12 mph
Humidity: 41%

EVENTS

Memphis Child Advocacy Center will hold its 20th anniversary and honors day celebration breakfast Wednesday, Nov. 14, from 8 a.m. to 9:30 a.m. at Memphis Botanic Garden Hardin Hall, 750 Cherry Road. Teresa Huizar, executive director of the National Children’s Alliance, will deliver the keynote. Email doglesby@memphiscac.org or call 888-4342.

more events »

Verso Paper Sees Third-Quarter Loss

Memphis-based Verso Paper Corp. took a net loss of $104.7 million in the third quarter compared to a year ago with the closure of its mill in Sartell, Minn.

Achievement School District Leaders Hold Meetings

Leaders of the Achievement School District started earlier in the run-up to their second school year than they did with the first group of five Memphis schools they picked for the state-run district’s debut in August.

MEMPHIS NEWSMAKERS

Commercial Advisors Hires Ewen as Controller

Erika Ewen has joined Cushman & Wakefield/Commercial Advisors Asset Services LLC as controller. Ewen will direct the accounting department in all accounting functions and financial reporting of Commercial Advisors Asset Services as well as all property management clients.

LOCAL COLUMNISTS

Arm Your Sales Team for Sophisticated Selling with Buyer Personas

To deliver a stellar performance, great actors engage in an extensive process to get inside the head of their characters – understanding their persona. Similarly, imagine if your sales force were armed with such a deep understanding of their buyers. Not only would it improve their ability to connect with prospects in a more meaningful way; it would also allow them to tailor their pitch to ensure it moves prospects to buy.

Entrepreneurs, Create Your Own Maps

Entrepreneurialism is the last frontier – an uncharted region with unprecedented, unforeseen, unknown dangers, challenges and rewards.

NATIONAL BUSINESS

Labor Heads Say Obama Backs Them on 'Fiscal Cliff'

WASHINGTON (AP) – Labor leaders said Tuesday that President Barack Obama remains committed to preserving tax cuts for middle class families and ensuring the wealthy pay more in taxes, outlining plans for a public campaign to pressure Republican lawmakers.

Most in US Won't be Able to Escape 'Fiscal Cliff'

WASHINGTON (AP) – Everyone who pays income tax – and some who don't –will feel it.

AAA: Thanksgiving Travel Should Increase Slightly

NEW YORK (AP) – Slightly more Americans will hit the road this Thanksgiving, according to AAA. That includes people who are choosing to drive instead of fly as household budgets remain tight.

NATIONAL GOVERNMENT

US Government Runs $120 Billion October Deficit

WASHINGTON (AP) – The federal government started the 2013 budget year with a $120 billion deficit in October, an indication that the nation is on a path to its fifth straight $1 trillion-plus annual deficit.

HEALTH CARE

Report: FDA Wanted to Close Massachusetts Pharmacy in 2003

WASHINGTON (AP) – Nearly a decade ago, federal health inspectors wanted to shut down the pharmacy linked to a recent deadly meningitis outbreak until it cleaned up its operations, according to congressional investigators.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 217 5,290
MORTGAGES 94 276 6,985
FORECLOSURE NOTICES 0 50 1,606
BUILDING PERMITS 384 712 12,691
BANKRUPTCIES 66 241 5,541
BUSINESS LICENSES 27 85 2,146
UTILITY CONNECTIONS 52 234 7,292
MARRIAGE LICENSES 10 53 1,511

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