» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 125 | NO. 9 | Thursday, January 14, 2010

Tn Appeals Court Rules MCS Owed $50 Million By City

The Tennessee Court of Appeals has ruled the city of Memphis owes the Memphis school system $50 million in funding by the end of June.

Local Support for Haiti Relief Effort Picks Up

Memphis-area organizations and businesses are participating in big and small ways in relief efforts for Haiti, the Caribbean nation that was devastated by a 7.0 earthquake Tuesday.

2009 Foreclosure Activity Drops 11 Percent

On a comparative basis, Shelby County’s residential foreclosure numbers for 2009 make it seem like the housing bust is solidly in the rearview mirror.

Q4 Foreclosures Inch Up

In what was an unusual year in several respects for foreclosure activity in Shelby County’s real estate market, the fourth quarter of 2009 was not unusual at all, according to the latest numbers from real estate information company Chandler Reports, www.chandlerreports.com.

New Law Office Planned for Lincoln American Tower

Four heavy-hitters in Memphis’ legal community are planning to leave their respective practices to set up a new office in Downtown’s Lincoln American Tower.

Local Weather
Currently
Memphis, TN
33.0°F
Mostly Cloudy
Wind: South at 9.2 mph
Humidity: 78%

EVENTS

The Department of Planning & Development Land Use Control Board will meet today at 10 a.m. at City Hall, 125 N. Main St. For more information, call 576-6619.

more events »

Multifamily Survives Q4, Year

The fourth quarter of 2009 proved to be a decent period for the local multifamily industry during an otherwise lackluster year. Though some market trends remained relatively unchanged from third quarter, the apartment sector enjoyed a rush of investment sales as more investors pulled the trigger on deals.

Much Care, Work Goes Into Law School Transformation

As the new University of Memphis Cecil C. Humphreys School of Law has come to fruition this winter, it has been difficult not to feel the presence of the building’s former lives.

White Easily Claims District 83 Seat

The newest member of the Shelby County legislative delegation to Nashville should take the oath of office in the Tennessee Legislature by the weekend.

Cooling Therapy Prevents Brain Damage From Heart Attacks

Isaac Turner can still make music rise from a keyboard, recall memories from a 44-year marriage and sing gospel hymns despite suffering the type of heart attack that leaves many people brain-damaged.

Smith Receives World Recognition In Direct Selling, Multilevel Marketing Law

Memphis attorney D. Jack Smith of the D. Jack Smith Law Firm was one of only two attorneys recently named by DirectSellingLive to its annual 2009 Power 50 list, which recognizes him as one of the Top 50 most powerful and influential professional people in the international marketing and direct selling industry. Smith was ranked No. 33 on the list, ahead of a nine-year former general counsel for Amway, who ranked No. 34, and business mogul Donald Trump.

STATE LEGISLATURE

Bredesen: Teacher Testing Deal Needed by Weds. Evening

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen said a final agreement on how to use student test scores in teacher evaluations was needed by late Wednesday to keep the state's application for nearly half a billion dollars in federal "Race to the Top" money on track.

Honor Kiffin? Tennessee Lawmakers Shout 'No!'

NASHVILLE, Tenn. (AP) - Tennessee lawmakers are accustomed to passing a resolution honoring the University of Tennessee's football coach after a winning season. Not this year.

REGIONAL

58 Ark. High Schools Cited for Grade Inflation

LITTLE ROCK, Ark. (AP) - The Arkansas Department of Education says 58 public high schools inflated Algebra I and geometry grades of 20 percent or more of their students during the last year.

NATIONAL BUSINESS

Bank CEOs: Sorry for Risky Behavior, Bad Decisions

WASHINGTON (AP) - Wall Street executives said Wednesday they underestimated the severity of the 2008 financial crisis and apologized for risky behavior and poor decisions. They also defended their bonus and compensation practices to a skeptical commission investigating what caused the collapse.

White House Credits Stimulus with Up to 2M Jobs

WASHINGTON (AP) - President Barack Obama is trumpeting a new White House estimate that his top economist calls "stunning": His stimulus plan has already created or saved up to 2 million jobs.

Fed: Recovery Spreads But Doesn't Spur Hiring

WASHINGTON (AP) - The economic recovery is spreading to more parts of the country but has yet to spur companies to ramp up hiring.

NATIONAL POLITICS

December Budget Deficit Sets Record

WASHINGTON (AP) - The federal budget deficit hit an all-time high for the month of December, and the red ink for the first three months of the current budget year is rising at a more rapid pace than last year's record clip.

REAL ESTATE

Housing Advocates Settle Suit for Disabled Renters

FRESNO, Calif. (AP) - Thousands of renters with disabilities are poised to get extreme home makeovers thanks to a major settlement ending a federal lawsuit against a development company run by the sons of San Diego Chargers owner Alex Spanos.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.