» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 127 | NO. 209 | Thursday, October 25, 2012

NBA Approves Pera as Grizzlies Owner

Thanks to a unanimous vote of approval from the NBA Board of Governors, Robert Pera is a few days away from being the new owner of the Memphis Grizzlies.

International Exposure

Memphis music, culture spotlighted at various exhibits worldwide

The Memphis hotel industry can thank at least 200,000 of its room nights last year to European visitors booked by tour operators.

Appeals Court Rules Photo Library Cards Are Voter ID

Photo library cards the city of Memphis began issuing this summer can be used as valid identification for the Nov. 6 elections.

International Paper Reports Earnings Drop

Memphis-based International Paper Co. posted net earnings for the third quarter of $237 million compared to $468 million the same period a year ago, a 49 percent drop.

Delta Profit Surges on Fuel Contract Gains

Delta Air Lines announced Wednesday, Oct. 24, a third-quarter profit that nearly doubled for the three months that included the start of the second round of Delta air service cuts at Memphis International Airport in a year.

Local Weather
Today
Memphis, TN
61°F
Partly Cloudy
Wind: 14 mph
Humidity: 48%

EVENTS

LaunchMemphis and MemphisConnect will host Ignite Memphis 5, a series of quick-hit presentations on a variety of subjects, Thursday, Oct. 25, at 6 p.m. at the Memphis Bioworks Foundation office, 20 S. Dudley St. Cost is free, and doors open at 5:30 p.m. Visit launchmemphis.com.

more events »

School Board To Make Stand On Tax Hike

When the countywide school board votes next week on a resolution to endorse a half-cent countywide sales tax hike, the vote will not be unanimous.

Shelby County’s Early Vote Count Leads State

Early voter turnout in Shelby County is lagging behind the pace set four years ago during the last presidential general election.

Bar Launches Health Care Law Section

The Memphis Bar Association has a new section of attorneys dedicated specifically to health care law.

MEMPHIS LAW TALK

Harris’ Legal Career Leans On Desire to Help Community

It seems like with so many people, Lee Harris’ eventual career interest was sparked by television.

LOCAL COLUMNISTS

You Better Care About Global Economy

Ray’s Take Most people tend to think provincially. We see and weigh what is closer to us more heavily than things and events that are further away. Americans in particular have long believed that what happens to the economies outside our borders doesn’t really affect us. The euro may be threatened and certain countries facing default, but we tend to believe that our economy is so massive and insulated that it won’t really bother us.

Ethics and Infield Flies

The Infield Fly Rule is neither a rule of law nor one of equity; it is a rule of baseball,” wrote William S. Stevens in “The Common Law Origins of the Infield Fly Rule,” University of Pennsylvania Law Review, vol. 123, p. 1474.

NATIONAL BUSINESS

US Suit Alleges 'Brazen' Fraud at Countrywide

NEW YORK (AP) — The latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults.

Meeting Set in Mill Blast Suit

JACKSON, Miss. (AP) – A settlement conference is scheduled Thursday in a federal lawsuit brought by a man who was injured in an explosion at an International Paper Co. mill in Mississippi in 2008.

Buffett Says US Economy Still Inching Ahead

OMAHA, Neb. (AP) — Billionaire investor Warren Buffett said Wednesday that the global economy is definitely slowing because of continued problems in Europe and the decline in Asia.

Trustmark Profit Rises as Bad Loans Fall

JACKSON, Miss. (AP) — Trustmark Corp. says profit in 2012's third quarter rose 10.9 percent from the same three months of 2011, as it paid less interest on deposits and set aside less money to cover future bad loans.

US Airways Posts Record Third-Quarter Profit

DALLAS (AP) — US Airways turned in a strong performance during a three-month stretch that covers much of the peak summer vacation season.

NATIONAL GOVERNMENT

Fed Cites Moderate US Growth, Takes no new Action

WASHINGTON (AP) — Two weeks before a U.S. election focused on the economy, the Federal Reserve said Wednesday that its help is still needed to increase growth and lower unemployment.

REAL ESTATE

US New-Home Sales Rise to Highest in 2 1/2 Years

WASHINGTON (AP) — U.S. sales of new homes jumped last month to the highest level in more than two years, further evidence of a sustained housing recovery that could help lift the lackluster economy.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 35 250 5,016
MORTGAGES 60 382 6,608
FORECLOSURE NOTICES 0 38 1,517
BUILDING PERMITS 179 720 11,979
BANKRUPTCIES 54 257 5,216
BUSINESS LICENSES 24 89 2,025
UTILITY CONNECTIONS 92 443 6,907
MARRIAGE LICENSES 16 81 1,422

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.