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VOL. 125 | NO. 12 | Wednesday, January 20, 2010

Freight Central

Memphis chosen for logistics conference

When Bruce Lambert was looking for a place to host a regional freight conference, he set his sights on a city about six hours upriver from his hometown of New Orleans.

Downtown Businesses Brace for Year Of Change

2009 was a less-than-stellar year for Downtown Memphis based on several measures of business and financial activity.

Hospitals Poke Holes In Methodist’s Plans For Olive Branch

Opponents of a proposed Olive Branch hospital have said Methodist Le Bonheur Healthcare is building the $137 million medical center to cater to the needs of the advantaged and question whether it will adequately serve the needy.

Ford Considers County Mayoral Run

Interim Shelby County Mayor Joe Ford is moving closer to a run for the office in the 2010 elections. Ford told The Daily News citizens have urged him to run since he took the job on an interim basis in December.

Commercial Appeal Layoffs Loom as News Hole Shrinks

The Commercial Appeal’s news content is shrinking as it gets ready to shed more employees.

Local Weather
Currently
Memphis, TN
79.0°F
Fair
Wind: Southeast at 4.6 mph
Humidity: 72%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop today from 8:30 a.m. to noon at its office, 5100 Poplar Ave., Suite 502. Donna Pope, business consultant and certified professional career coach at Your Resume Suite LLC, will speak. Cost is $65 for members, $125 for nonmembers and $55 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

Howard Named Prez-Elect Of Collegiate Registrars And Admissions Officers

Kate Howard has been named president-elect of the Tennessee Association of Collegiate Registrars and Admissions Officers.

STATEWIDE

Chattanooga Hospital Ends Hiring Of Tobacco Users

CHATTANOOGA, Tenn. (AP) – Officials at a Chattanooga, Tenn., hospital have decided to stop hiring tobacco users.

Union at Plant in Union City Rejects Proposal

UNION CITY, Tenn. (AP) - United Steelworkers Local 878 members have rejected a local proposal with the Goodyear Union City plant that would have allowed 21 jobs to be outsourced.

STATE LEGISLATURE

Ramsey: Higher Ed Funding Plan May Have to Wait

NASHVILLE, Tenn. (AP) - Republican Senate Speaker Ron Ramsey is casting doubt on whether lawmakers will take up Gov. Phil Bredesen's proposal to change higher education during a special session this week.

Wamp Heads to Ala. for Gubernatorial Fundraiser

NASHVILLE, Tenn. (AP) - Tennessee gubernatorial candidate Zach Wamp is headed to neighboring Alabama for a campaign fundraiser.

NATIONAL BUSINESS

Foreign Demand for US Assets Rises in November

WASHINGTON (AP) – Foreign demand for long-term U.S. financial assets jumped sharply in November, rising to the highest level in more than two years even though China’s holdings of U.S. Treasury securities fell.

Citigroup Loses $7.8B in Q4

NEW YORK (AP) - Citigroup Inc. became the latest bank to take a cautious view of consumers' credit problems, reporting a $7.77 billion fourth-quarter loss due to failed loans and the costs of repaying $20 billion in government bailout money.

Bernanke Asks GAO to Review Fed Role in AIG Rescue

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke took the unusual step Tuesday of asking Congress' investigative arm to conduct a "full review" of the Fed's role in bailing out insurance giant American International Group.

NATIONAL POLITICS

22 Indicted in FBI Sting on Paying Foreign Bribes

WASHINGTON (AP) - Twenty-two executives and employees at suppliers to the military and law enforcement agencies were arrested on the eve of their industry's annual trade show in Las Vegas after a 2 1/2-year undercover sting operation aimed at schemes to bribe a foreign official.

REAL ESTATE

Builder Sentiment Index Dips 1 Point in January

WASHINGTON (AP) - The National Association of Home Builders says its housing market index fell this month to the lowest level since last summer. The drop reflects fears that demand for new homes will be weak despite the extension of a federal tax credit for buyers.

HEALTH CARE

What's In a Cigarette? FDA to Study Ingredients

RICHMOND, Va. (AP) - The U.S. Food and Drug Administration is working to lift the smokescreen clouding the ingredients used in cigarettes and other tobacco products.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 312 16,192
MORTGAGES 0 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 655 33,126
BANKRUPTCIES 0 237 10,737
BUSINESS LICENSES 0 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 0 94 3,867

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