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VOL. 126 | NO. 9 | Thursday, January 13, 2011

March Charter Surrender Referendum Agreement Made

There will be a citywide referendum on a Memphis City Schools system charter surrender sometime no later than March 14 under terms of a consent order entered Thursday morning in Shelby County Chancery Court.

Antiques Survival

Memphis-area retailers find success despite down market

Along with real estate and home building, retailers who cater to the housing sector have taken a hard hit in the past two years.

Lawsuit Filed as Norris Submits Legislation in Schools Standoff

The Memphis City Schools (MCS) charter surrender controversy is in the courts.

Electrolux PILOT Approved

Electrolux Home Products Inc. was approved for a 15-year payment-in-lieu-of-taxes (PILOT) for its $195 million southwest Memphis manufacturing facility in a special Wednesday session of the Memphis-Shelby County Industrial Development Board.

Foreclosures See 16 Pct. Decline in 2010

Next week, attorneys for Memphis and Shelby County are scheduled to argue before a judge why their federal lawsuit against national mortgage lender Wells Fargo should go forward.

Local Weather
Memphis, TN
A Few Clouds
Wind: Northeast at 8.1 mph
Humidity: 60%


The Alliance for Nonprofit Excellence will hold a workshop Thursday from 8:30 a.m. to 10:30 a.m. at its office, 5100 Poplar Ave., Suite 502. Tal Frankfurt, founder of Cloud for Good, will speak on the topic “Managing Your Constituents in the Cloud.” Cost is $45 for members, $75 for nonmembers and $40 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

Memphis Orgs Gear up for MLK Weekend

Perhaps more so than in any other city because of its prominent place in the history of the American civil rights movement, Martin Luther King Jr. Day in Memphis serves as a strong reminder of King’s legacy of service to others and his powerful advocacy for social change through nonviolent action.

Clark Carries on Family Tradition

David Clark comes from a long line of construction industry professionals.

Plan to Reduce Homelessness Takes Shape

An ambitious action plan to end homelessness in the long term and make significant cuts in the numbers of homeless in Memphis and Shelby County in the next five to 10 years goes to a vote this week.

Thornton Finds Balance Between Practice, Pro Bono Work

Laurie Thornton says it was her own experience with paralyzing fear and a sense of helplessness that led her into the pro bono work she does with her law firm, Glankler Brown PLLC, and with Memphis Area Legal Services.

What the Law Has Made

In 1975, during a study break before my first set of law school exams, I wrote a song.

Take Financial Control in 2011

Ray’s Take: So you’re starting the new year with, I hope, a financial plan. You have goals that probably include reducing debt, increasing your emergency cushion and accelerating your savings for retirement and your kid’s education fund.

Fill Your ‘Knowledge Well’

How do some people get so much more done in so much less time than others? It’s often because they have a profound understanding of what they are doing.


Agritourism Being Promoted in Tennessee

NASHVILLE (AP) – A Tennessee agriculture official says farmers are increasingly in control of their own marketing.


Mortgage Applications Rose Last Week

NEW YORK (AP) – The number of people applying for a mortgage rose last week as lower rates lured more borrowers to refinance.


Goldman Sachs Says Consumer Products Growth Ahead

NEW YORK (AP) – Consumer products companies coming off a rocky 2010 should see a more stable future ahead of them in 2011, a Goldman Sachs analyst said Wednesday.

Businesses Hiring in 2011 Face a Buyers' Market

WASHINGTON (AP) – Companies planning to ramp up hiring this year will have an added luxury: their choice from a flood of applicants, without having to pay a premium for top talent.

Target to Open 21 New Stores in 13 States in 2011

MINNEAPOLIS (AP)Target Corp. plans to open 21 new stores in 13 states this year as it looks to become customers' one-stop shopping choice.

Morgan Stanley Corporate Fund Raises $956M

NEW YORK (AP)Morgan Stanley announced Wednesday that its first dedicated corporate mezzanine fund, Morgan Stanley Credit Partners, has raised $956 million in its final closing.

AP Analysis: Jobs Crisis Pushes Up Economic Stress

Higher unemployment and foreclosure rates, especially in South Atlantic and Mountain states, raised the nation's economic stress in November, according to The Associated Press' monthly analysis.

MySpace Slashes Nearly Half its Global Staff

LOS ANGELES (AP) – Struggling entertainment site MySpace said Tuesday that it is cutting nearly half of its staff worldwide, or about 500 people, after an extensive revamp in October overhauled its look and allowed it to be run with fewer people. The cuts, part of a two-stage layoff plan, better position the site for a possible sale or spin-off by parent News Corp.

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PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762

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