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VOL. 129 | NO. 29 | Wednesday, February 12, 2014

Shelby County Mortgage Market Dips in January

Shelby County’s mortgage market entered 2014 in less of a turbo-charged fashion than it did at the same point last year.

Aging in Style

Trezevant Manor expansion adds options for residents

A few weeks ago, Jill Stepherson fell in a Walgreens parking lot. Given that she is 90 years old, one or more broken bones could have been an unfortunate, but hardly unusual, outcome.

Developers Amend Highland Row Plan

Developers of the Highland Row mixed-use development by the University of Memphis are taking an amended plan for the project to the Land Use Control Board Thursday, Feb. 13.

New Home Permits See Slight Bump

Despite bitterly cold temperatures that plagued the Memphis area last month, homebuilders pulled slightly more housing permits in January when compared to the same month last year.

Commission Sets Up in Temporary Space

Shelby County Commissioners will serve out the remaining seven months of their current four-year term of office by staying upstairs at the county administration building in their committee room.

Local Weather
Today
Memphis, TN
34°F
Fair
Wind: 3 mph
Humidity: 75%

EVENTS

Kiwanis Club of Memphis will meet Wednesday, Feb. 12, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. Steve Guinn, vice president of Highwoods Properties, will present “Real Estate Taxes: Memphis vs. Nashville.” Cost is $18 for nonmembers.

more events »

Luttrell Begins Re-Election Bid for Mayor

Shelby County Mayor Mark Luttrell made it official Tuesday, Feb. 11, filing his qualifying petition with the Shelby County Election Commission to run for a second term of office.

MEMPHIS NEWSMAKERS

Bell Joins First State Bank as Commercial Loan Officer

Jonathan Bell has joined First State Bank as vice president/commercial loan officer. Bell, who has more than 13 years of experience in the banking industry, will provide banking services for businesses in Collierville and the surrounding area.

LOCAL COLUMNISTS

Role of Personal Branding in Business

Many of the top-performing CEOs in the world, as determined by Harvard Business Review, are names that aren’t exactly fodder for dinner conversation. They know how to create long-term value for their companies but many focus little on creating their own personal brands.

Muddling Through the Muddling Through

Last week’s December jobs number was billed as an economic tiebreaker after a string of mixed data. The release depicted a softening employment environment. The U.S. economy created 113,000 jobs in January against expectations of 185,000. Over the trailing three months, the economy has added an average of about 150,000 new jobs per month versus 200,000 per month reached last summer/fall. With the jobs market downshifting, can the Fed do more?

MEMPHIS AREA

2nd Lawsuit in Works Against Memphis Cemetery

MEMPHIS (AP) – Relatives of three people buried at a Tennessee cemetery that is accused of mishandling bodies said Tuesday they don't know where their loved ones' remains are located because they were not allowed to see the caskets being lowered into the ground.

NATIONAL BUSINESS

US Job Openings Fall in December From 5-Year High

WASHINGTON (AP) – U.S. employers posted fewer job openings in December and hiring slowed, adding to evidence that the job market weakened that month.

NATIONAL GOVERNMENT

Yellen to Investors: Expect Continuity at the Fed

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will embrace the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month.

IRS Loses Appeal on New Rules for Tax Preparers

McLEAN, Va. (AP) – The IRS on Tuesday lost a federal appeal in a legal battle over its effort to institute competency exams and other new regulations for as many as 700,000 paid tax preparers.

House Takes Step Toward Ban on In-Flight Calls

WASHINGTON (AP) – Allowing airline passengers to make cellphone calls in-flight is asking for trouble, lawmakers said Tuesday as a House panel approved a bill to ban such calls.

Obama Launches Effort to Help Minority Men

WASHINGTON (AP) – President Barack Obama is obtaining commitments from foundations, businesses and community groups to help young minority men improve their employment opportunities and to intervene before some of them get sucked into the criminal justice system.

HEALTH CARE

Panel Votes Down Heart Safety Claim for Naproxen

SILVER SPRING, Md. (AP) – A majority of federal health experts said Tuesday that new research is not strong enough to conclude that naproxen, the pain reliever in Aleve and many other medications, is safer on the heart than rival drugs used by millions of Americans to treat arthritis and everyday aches and pains.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 63 269 16,682
MORTGAGES 85 313 21,745
FORECLOSURE NOTICES 0 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 65 287 15,829
BUSINESS LICENSES 16 67 5,558
UTILITY CONNECTIONS 126 413 23,986
MARRIAGE LICENSES 22 94 5,129

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