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VOL. 128 | NO. 1 | Wednesday, January 2, 2013

Local Politicians Split on Fiscal Cliff Bill

There was only one vote for the American Taxpayer Relief bill Tuesday, Jan. 1, among the nine Tennesseans who represent the state in the U.S. House of Representatives.

Changing Market

Commercial real estate deals make for an interesting 2012

Much of 2012’s commercial real estate deals could be summed up in one of three phrases: speculative construction, institutional buyers and unusual transactions.

Schools Talks to Resume in Private

Private talks aimed at settling the federal lawsuit over municipal school districts are expected to resume with the end of the holiday season.

Local Music Veterans Form Consulting Company

Two veterans of the local music scene recently launched a music promotion, consulting and booking company.

Memphis Primary Care Aligns With Baptist Group

The trend of consolidation in the local health care industry marches on as Memphis Primary Care becomes the latest private physician practice to align with a major hospital system, joining Baptist Medical Group.

Local Weather
Today
Memphis, TN
72°F
Partly Cloudy
Wind: 5 mph
Humidity: 44%

EVENTS

Shelby County Trustee David Lenoir and Chandler Reports will hold the third Real Estate Road Show, a seminar about the growing portfolio of county-owned properties and how to buy them at tax sale, Thursday, Jan. 3, at 3 p.m. in the conference room at The Memphis Leadership Foundation, 1548 Poplar Ave. R.S.V.P. to csheffield@shelbycountytrustee.com or 432-4884.

more events »

More Sentences Expected for Petties Drug Case in 2013

Five years after Memphis drug kingpin Craig Petties was captured in Mexico, the federal court drug case that bears his name is still moving through the courts of the Western District of Tennessee.

MEMPHIS NEWSMAKERS

McLaughlin Joins Inferno as Senior Copywriter

Trish McLaughlin has joined inferno as senior copywriter. In her new role, McLaughlin supervises the copywriting department, pairing up writers with art directors and project teams, and reviewing copy for message, voice and strategic focus. In addition, she coaches young writers in strategic thinking, concepting, editing and presenting.

LOCAL COLUMNISTS

True Cost of Vacation Homes

Ray’s Take You’re on vacation with your family. Everyone is relaxed and having a great time, so you think: Why don’t we quit “renting” our vacation and buy a vacation home here? What could be better than having a place to build family memories for years?

Is Your Board Bored?

Here’s a question for our readers who are nonprofit executives and board members: is your board fully engaged? Does the structure of your board meetings encourage members to bring their talents and abilities to the table or does it stifle members’ creativity and create a “bored board?”

NATIONAL BUSINESS

Fewer US Banks Fail as Industry Strengthens

WASHINGTON (AP) – U.S. banks ended 2012 with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.

Trains Carrying More Oil Across US Amid Boom

BILLINGS, Mont. (AP) – Energy companies behind the oil boom on the Northern Plains are increasingly turning to an industrial-age workhorse – the locomotive – to move their crude to refineries across the U.S., as plans for new pipelines stall and existing lines can't keep up with demand.

REAL ESTATE

US Pending Home Sales Rise to Highest Since April 2010

WASHINGTON (AP) – A measure of Americans who signed contracts to buy homes increased last month to its highest level in two and a half years, the latest sign of improvement in the once-battered housing market.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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