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VOL. 127 | NO. 194 | Thursday, October 4, 2012

New Grizz Ownership Could Include Manning, Hardaway

A source close to Robert Pera, the California businessman in the process of buying the Memphis Grizzlies, has confirmed the addition of a few new names to what will be the new ownership of the Grizzlies.

Grassroots Effort

Broad Avenue attracts retail, seeks more as bike lanes take shape

Approaching the second anniversary of “New Face for an Old Broad” and the Historic Broad Avenue Business Association’s painting of its own bike lanes, the Binghampton district has seen activity increase exponentially on several fronts.

Law School Celebrates 50 Years

At the end of this month, the University of Memphis Cecil C. Humphreys School of Law will celebrate half a century of preparing young legal minds for the future challenges they’ll face in the field of law.

Fred's September Sales Figure Drops

Memphis-based discount-store operator Fred's Inc. said Thursday that a key revenue figure fell 3.8 percent in September, hurt by a shift of drug sales from name brand to generic in its pharmacy department.

City Council Mulls Future of Whitehaven Golf Course

Memphis City Council members will take a second look at plans to close the Links of Whitehaven city golf course in November.

Local Weather
Today
Memphis, TN
79°F
Fair
Wind: 9 mph
Humidity: 74%

EVENTS

St. Jude Children’s Research Hospital will host its 50th Year Anniversary Biomedical Symposium Thursday, Oct. 4, and Friday, Oct. 5, at the hospital, 262 Danny Thomas Place. Speakers include some of the world’s leading cancer scientists. Visit stjude.org.

more events »

Cooper-Young Featured in America’s Top 10 Great Neighborhoods List

Cooper-Young has been named one of 10 Great Neighborhoods for 2012 under the American Planning Association’s Great Places in America program, noted for its revitalization, character and historic architecture.

MEMPHIS LAW TALK

Logistics Background Helps Stewart Thrive as Attorney

Paul W. Stewart not only represents third-party logistics companies in his law practice, but he has even served as chief legal officer to three national logistics companies and CEO of a fourth logistics company.

LOCAL COLUMNISTS

Does Your Net Worth Really Matter?

Ray’s Take Do you know your net worth? Mathematically it’s the dollar amount by which your assets exceed your liabilities. It can be a nice number to know and it’s important to keep tabs on it. However, it’s not all that important in and of itself. What is important is how closely you are on track to reaching your long-term financial goals.

They Really Did Write That!

Re: The column in which I quoted lawyers’ courtroom and deposition questions and statements. Ron Curlin of Memphis writes, “Without question, this is the most hilarious column you’ve ever done. It has brightened my day tremendously! As far as I’m concerned, you have set a precedent with this one, and I fully expect to see more ‘Did They Really Say That?’ columns chosen from the attorney’s side of the proceedings. Thank you for making my day. Keep up the excellent work.”

Self Reform Can’t Come Soon Enough

We Have Seen the Face of Reform In 2008, a prolonged lack of credit scrutiny led to a financial crisis. While the clean-up of the financial system continues, the bulk of the rationalization happened very quickly. Massive institutions failed, while remainder institutions began internal austerity programs to reconstruct rotten balance sheets.

STATEWIDE

Justice Department Holds Nashville Summit on Investor Fraud

NASHVILLE (AP) – The Department of Justice says the country's recession has resulted in an unprecedented rise in investment fraud schemes, and it is holding a regional summit in Nashville on the topic.

NATIONAL BUSINESS

American Airlines, Union Agree to Resume Contract Talks

DALLAS (AP) – American Airlines and its pilots' union have agreed to resume stalled contract negotiations.

Survey: US Businesses Added 162,000 Jobs in September

WASHINGTON (AP) – A private survey shows that U.S. businesses added fewer workers in September than August, a sign that slow growth may be holding back hiring.

Unemployment Falls in Nearly 90 Percent of US Cities

WASHINGTON (AP) – Unemployment rates fell in August in nearly 90 percent of large U.S. metro areas, mainly because more people gave up looking for work.

US Service Firms Grow at Fastest Pace in 6 Months

WASHINGTON (AP) – U.S. service companies grew in September at the fastest pace in six months, helped by a sharp increase in customer demand.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 43 43 12,074
MORTGAGES 78 78 15,834
FORECLOSURE NOTICES 0 0 3,130
BUILDING PERMITS 0 0 28,832
BANKRUPTCIES 97 97 11,768
BUSINESS LICENSES 18 18 4,292
UTILITY CONNECTIONS 190 190 17,922
MARRIAGE LICENSES 43 43 3,711

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