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VOL. 123 | NO. 14 | Tuesday, January 22, 2008

Up, Down And All Around

2007 court filings all over the board

Shelby County Chancery and Circuit Courts saw a decline in divorce filings in 2007 compared to 2005 and 2006. The business of Shelby County Probate Court - processing wills and appointing administrators, conservators and guardians - was down slightly from 2006, according to The Daily News Online, www.memphisdailynews.com. And federal court civil filings stayed the same from year to year, with civil rights violations and job discrimination claims among the top categories.

Number of Realtors Grows Despite Slow Market

Amy Chapman, broker/owner of Weichert, Realtors-Chapman & Associates, hosts a career night on Tuesdays for anyone interested in becoming a real estate agent.

Local Investors Plan Changes For Retail Center in C'ville Corridor

679 W. Poplar Ave., Collierville, TN 38017, Sale Amount: $1.9 million -
An 8,400-square-foot retail center and adjacent convenience store built in the 1980s at the southwest corner of West Poplar Avenue and U.S. 72. Shelby County Assessor's 2007 appraisal was $1.4 million.

Most Courts On Even Keel in Q4

Civil filings in Shelby County Chancery and Circuit Courts stayed about the same in the last three months of 2007 compared to the fourth quarter of 2006. But filings in both courts were down from Q3 2007.

Moore Signs Off As WUMR's 'Navigator'

Harrel "The Navigator" Moore has a voice that makes it seem like he was born to be a disc jockey on a late night jazz radio station, soothing listeners' ears as he introduces the next song.

Local Weather
Memphis, TN
Wind: Southeast at 3.5 mph
Humidity: 59%


masterIT, a local network solutions company, will host an open house today from 10 a.m. to 2 p.m. at its corporate offices, 8024 Stage Hills Blvd. in Bartlett. Attendees can experience live demos and discuss new business technology. This event is free and open to the public. For more information or to register, visit www.master-IT.com/truckevent.html or call 377-7891.

more events »

Clinton Campaign Sees Support in Tennessee

An associate of Shelby County Board of Commissioners member Sidney Chism received a phone call from Hillary Clinton's presidential campaign last week. The purpose of the call was to enlist help in finding office space in Memphis for the campaign.

Latest Waltz Defendant Receives Probation

It has finally happened in a Tennessee Waltz case. When former state Sen. Ward Crutchfield of Chattanooga was sentenced last week, his attorney and his friends tried to minimize what he did wrong. They did it in a way that none of the other five former lawmakers who have been sentenced have tried.

Bush Urges Speedy Action on Economic Rescue Package: 'Crank This Sucker Up'

WASHINGTON (AP) - It didn't take long for President Bush to find a symbol for his desire to prime the sagging economy.

Obama Starts TV Ads in 4 Tennessee Markets

CHATTANOOGA (AP) - Barack Obama is running television advertisements in Nashville, Memphis, Chattanooga and Knoxville, in what supporters say is the first such market buy for Tennessee's Feb. 5 Democratic presidential primary.

Bredesen Urges Students to Remember King's Legacy

NASHVILLE (AP) - Gov. Phil Bredesen told a group of high school students that they should celebrate the legacy of Martin Luther King Jr. by addressing issues that concern them as he did.

Gibson Guitar Merging With Danish Audio Company TC Group

NASHVILLE (AP) - Gibson Guitar Corp. will be merging with TC Group, a Danish company that makes audio equipment for professionals and musicians.

Supreme Court to Rule in MetLife Case That Could Increase Cost of Employee Benefit Plans

WASHINGTON (AP) - The Supreme Court on Friday said it would rule on an appeal by MetLife Inc. in a case that could make employee benefit plans more expensive.

U.S. Supreme Court to Hear Worker Retaliation Case From Nashville

WASHINGTON (AP) - A longtime local government worker is fired after she cooperates with an investigation of sexual harassment allegations against a high-ranking official. The Supreme Court said Friday it will decide whether federal civil rights law protects employees from such retaliation.

Hope Now is On Track to Help 5 percent of Troubled Borrowers, Industry Alliance Says

WASHINGTON (AP) - A Bush administration-led effort to rescue troubled homeowners said it helped 5 percent of borrowers with subprime loans in the second half of 2007.

Sallie Mae Laying Off Workers Amid Financial Squeeze

WASHINGTON (AP) - A $25 billion collapsed buyout offer and higher borrowing costs have prompted Sallie Mae, the nation's largest student lender, to lay off about 3 percent of its work force nationwide.

Leading Indicators Slip in December, Signaling Sluggish Economic Performance in Coming Months

NEW YORK (AP) - A gauge of future economic activity skidded 0.2 percent in December, registering its third consecutive monthly decline and signaling that the U.S. economy likely will weaken further in coming months.

As Drop Continues, Wall Street Tries to Determine if Pullback Marks Correction or Bear Market

NEW YORK (AP) - Only weeks old, the new year is already nudging its way into Wall Street's record books. Far from welcome news, however, the stats only underscore the nervousness investors are feeling about the economy.

First Horizon National Shares Tumble After Analysts Downgrade Estimates

NEW YORK (AP) - Shares of First Horizon National Corp. slid Friday after several analysts cut their estimates and price target on the stock, noting that continued pressure on earnings is likely over the next few quarters.

Judge Denies Motion to Dismiss Charges Against Lee

A federal judge has denied a motion by former Memphis Light, Gas & Water Division president Joseph Lee to dismiss the bribery and extortion case pending against him that Lee alleged is tantamount to race-based, selective prosecution.

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PROPERTY SALES 98 238 15,862
MORTGAGES 122 284 18,332
BUILDING PERMITS 137 452 32,966
BANKRUPTCIES 62 178 10,191

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