VOL. 128 | NO. 137 | Tuesday, July 16, 2013
The mortgage market is starting to get interesting, in a manner of speaking. Earlier this month, interest rates for mortgages rose in what was described as the largest one-day jump in at least 10 years, according to Mortgage News Daily. That in large part stemmed from the Federal Reserve, which has been snatching up $85 billion worth of mortgage-backed securities a month.
June was a healthy month for the mortgage market in Shelby County. Last month saw 810 purchase mortgages made, an 8 percent improvement from 750 mortgages in June 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
Cafe Eclectic repeats successful formula for third location
Cafe Eclectic has found itself in an enviable spot since the cafe’s first location opened five years ago in Midtown.
Voters in Shelby County’s six suburban towns and cities go to the polls Tuesday, July 16, in a repeat of the set of 2012 referendums on forming municipal school districts.
Memphis City Council members continue a shift away from budget season Tuesday, July 16, with an agenda that includes allocating some money from the last fiscal year and other money for the new fiscal year.
Methodist University Hospital has begun construction on a $33.5 million expansion and renovation of its emergency department.
After taking heavy criticism during the budget season from Memphis City Council members, Memphis Mayor A C Wharton Jr. is starting to take more criticism for the approved cuts that are rolling out first in the Memphis Fire Department.
The Memphis City Council will meet Tuesday, July 16, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.
REAL ESTATE RECAP
7114-7186 Winchester Road Memphis, TN 38125 -
Four tenants in common have paid $6.2 million for the Market of Riverdale Bend shopping center on Winchester Road in Southeast Memphis.
Does your nonprofit’s special event help sponsors and underwriters meet their business objectives? Do the benefits you offer align with the business needs of your sponsors/ underwriters? Here are some things to consider as you build your corporate partnership program.
WASHINGTON (AP) – The bitter standoff between Wal-Mart and Washington, D.C. officials over the city's effort to impose a higher minimum wage on big-box retailers is fueling a wider debate about how far cities should go in trying to raise pay for low-wage workers – and whether larger companies should be required to pay more.
WASHINGTON (AP) – The U.S. economy appears to be weaker than many economists had thought after a report Monday showed consumers spent cautiously in June at retail businesses.
WASHINGTON (AP) – The Justice Department said Monday the Gallup Organization has agreed to pay $10.5 million to settle allegations that the polling and market research firm improperly inflated prices for proposed contracts with the U.S. Mint and State Department.
BOSTON (AP) – New research boosts the "use it or lose it" theory about brainpower and staying mentally sharp. People who delay retirement have less risk of developing Alzheimer's disease or other types of dementia, a study of nearly half a million people in France found.
NEW YORK (AP) – Real Madrid tops Forbes' list of 50 most valuable sports teams, with Manchester United and Barcelona holding the next two spots.