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VOL. 127 | NO. 230 | Monday, November 26, 2012

Bank Profits Shrink in Third Quarter

Memphis-area banks on the whole were a lot less profitable at the end of the third quarter than they were during the same period in 2011.

Bike Lane Boost

A year after the arrival of bike lanes, Madison Avenue sees property investments

A year ago, city roads crews were wrapping up the installation of dedicated bike lanes on the two-mile stretch of Madison Avenue between McNeil and Cooper streets – the culmination of an extensive debate that included those radically for or radically against the two-wheeled route that entailed a major road diet and on-street parking.

International Program Honors Inferno for Creative Work

Memphis-based advertising, marketing, design and public relations firm inferno won one gold and three silver awards in the 2012 Davey Awards, an international program that honors outstanding creative work from small firms.

SMALL BUSINESS SPOTLIGHT

Madison Automotive Wants to Brighten Holidays for Car Owners

Cars are indispensable necessities for many Memphians who don’t live close to their jobs. When they break down, the repairs often are costly and can force some tough choices to be made.

Local Weather
Today
Memphis, TN
77°F
Cloudy
Wind: 6 mph
Humidity: 62%

EVENTS

Women’s Foundation for a Greater Memphis is accepting nominations for its 2013 Legends Award through Monday, Dec. 10. The awards honor women whose visionary and innovative work is paramount in their area of outreach. Visit wfgm.org for details and a nomination form.

more events »

LOCAL COLUMNISTS

Things That Matter

This morning I read in the news that John Gagliardi, the somewhat maverick coach of the St. John’s “Johnnies” Division III football team, is retiring after 64 years of coaching. In addition to holding the record for coaching longevity, there is one more little thing about Gagliardi that is worth noting. Let’s talk a little about football history.

It Might Be Time to Refinance … Again

Ray’s Take Here’s a surprising fact: the average American homeowner refinances their mortgage every four years.

THE MEMPHIS NEWS

Retail Therapy

Black Friday kicks off the holiday season – and hopefully launches the economy

The retail business has been described in recent times as Darwinian in nature to those in the industry, meaning formats come and go as competition intensifies each year.

Let’s Be Thankful and Look Beyond the Data

In our goal-oriented, performance standardized society, it is sometimes hard to realize that dates circled in red on our calendars aren’t the beginning or end to some kind of measurement.

NATIONAL BUSINESS

US Consumer Confidence Rises to 5-Year High

WASHINGTON (AP) – U.S. consumers are optimistic the unemployment rate will drop over the next 12 months, boosting their confidence to the highest level in five years.

Fewer Seek Jobless Aid as Storm Distorts Data

WASHINGTON (AP) – The number of people seeking U.S. unemployment benefits fell sharply to a seasonally adjusted 410,000, though the figure was elevated for the second straight week by Superstorm Sandy.

US Drought Worsens After Weeks of Improvement

ST. LOUIS (AP) – A new report shows that the nation's worst drought in decades is getting worse again, ending an encouraging five-week run of improving conditions.

TECHNOLOGY

Facebook Proposes to End Voting on Privacy Issues

NEW YORK (AP) – Facebook is proposing to end its practice of letting users vote on changes to its privacy policies. The company says it will continue to let users comment on proposed updates.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 114 332 10,554
MORTGAGES 119 412 13,739
FORECLOSURE NOTICES 12 80 2,724
BUILDING PERMITS 522 915 25,222
BANKRUPTCIES 80 264 10,156
BUSINESS LICENSES 16 78 3,814
UTILITY CONNECTIONS 92 430 14,987
MARRIAGE LICENSES 15 83 3,250

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