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VOL. 127 | NO. 202 | Tuesday, October 16, 2012

Mortgage Market Sees Gains in Third Quarter

With the Federal Reserve taking steps to keep financing costs at extreme lows across the economy, it’s probably not surprising to hear an economist say he’s getting an earful from community banks and credit unions around the country.

Helping Hands

Church Health Center celebrates 25 years of care

When racers and supporters gather this weekend for the food, games and competition that all will be part of the Church Health Center’s 5K/10K and 1-mile Family Fun Walk, they’ll be part of something more than a race and something more meaningful than fun and games.

Nike seeks tax break for Memphis expansion

Nike has a plan on the drawing board to expand its presence in Memphis in a big way, spending millions to grow its local operation – and add 250 new jobs.

City Council to Vote on Discrimination Ordinance

With a legal opinion from City Attorney Herman Morris in hand, Memphis City Council members on Tuesday, Oct. 16, again take up an ordinance that would ban the city from discriminating in hiring and promotions based on sexual orientation.

Events Showcase Soulsville’s ‘Blank Canvas’

A group of organizations working to bring to life the Soulsville community ended a busy weekend that is an indication of the area’s promise at about where the produce section was supposed to be in the Soulsville Towne Center supermarket.

Local Weather
Today
Memphis, TN
81°F
Partly Cloudy
Wind: 12 mph
Humidity: 42%

EVENTS

The Memphis Association of Law and Business will host a lecture by Christine Richards, executive vice president of general counsel at FedEx, Tuesday, Oct. 16, at noon in the University of Memphis Cecil C. Humphreys School of Law Wade Auditorium, 1 N. Front St. Visit memphis.edu/law for details.

more events »

Business Workshop Will Stress Strategy Alignment

Talk to author, business coach and strategy expert Michael Synk long enough, and not only will a few images and themes make an appearance, but they’ll do so repeatedly.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Oct. 16, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

REAL ESTATE RECAP

Nashville Company Buys Wolf River Medical Building for $11 Million

8040 Wolf River Blvd.

LOCAL COLUMNISTS

Get Spooky for Overton Park

Last week we shared a heartwarming story that featured a number of everyday heroes from various organizations and companies, like ServiceMaster and SeniorBsafe, who helped an elderly couple out of a dire situation. This week let us spotlight the Overton Park Conservancy and share a fun way we can support their efforts by attending a Halloween party.

Which Bull Market is Weary?

Oct. 9 marked the five-year anniversary of the record closing high of the S&P 500. With the S&P 500 getting within 3 percent of that closing high last week on a total return basis, many investors wonder if this current equity bull market has any legs left.

REGIONAL

Mississippi Tax Revenue Drop Explained

JACKSON, Miss. (AP) – A computer conversion at the Mississippi Department of Revenue delayed some revenue collections from being posted and contributed to a report that showed a September drop in state tax collections.

NATIONAL BUSINESS

Mortgage Comeback? Citigroup Isn't So Sure

NEW YORK (AP) – Citigroup isn't as enthusiastic as its peers about a comeback in the housing market.

REAL ESTATE

Morgan Stanley Facing Discrimination Lawsuit

NEW YORK (AP) Morgan Stanley is being accused of discriminating against black homeowners and violating federal civil rights laws by providing strong incentives to a subprime lender to originate mortgages that were likely to go unrepaid.

HEALTH CARE

Big Tobacco Says Corrective Statements Go Too Far

WASHINGTON (AP) – Tobacco companies are urging a federal judge to reject the government's proposed industry-financed corrective statements, calling them "forced public confessions."

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 146 10,368
MORTGAGES 95 202 13,529
FORECLOSURE NOTICES 19 43 2,687
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 62 122 10,014
BUSINESS LICENSES 21 37 3,773
UTILITY CONNECTIONS 99 248 14,805
MARRIAGE LICENSES 27 58 3,225

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