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VOL. 124 | NO. 14 | Thursday, January 22, 2009

Tight Credit Put Squeeze On ‘08 Commercial Real Estate Sales

As with the residential sector, 2008 was a year to forget in commercial real estate, which suffered declining sales and endured a nationwide credit crunch throughout the year.

Soul Legend’s Childhood Home Awaits Preservation

Aretha Franklin made history again this week with her performance at the inauguration of President Barack Obama, but the childhood home of the “Queen of Soul” remains vacant and boarded up without even a marker.

Southern, National Law Firm Mergers Up in ’08

Nationwide, law firm mergers and acquisitions jumped to 70 in 2008, according to a study by Altman Weil Inc., an independently owned law firm consulting agency. Nationally, Altman Weil recorded 60 mergers and acquisitions in 2007 – meaning 2008 saw a 17 percent increase.

State Tax Numbers Tell Familiar Story

State tax figures released last week for Shelby County offer another version of the same message that’s been heard for months in the local real estate, business and government sectors.

Wharton: Don’t Divert Stimulus Money From County

Almost as important as the amount of money city and county leaders hope to get from the new presidential administration is how the money reaches Shelby County.

Local Weather
Currently
Memphis, TN
75.0°F
Overcast
Wind: East at 5.8 mph
Humidity: 84%

EVENTS

The U.S. Community Health Partnership will hold a workshop today from 9 a.m. to 11:30 a.m. at Bridges, 477 N. Fifth St. The event will feature a health-focused media workshop covering challenges of linking patients to community health resources, important local health statistics and detailed information about the most prevalent diseases in the Memphis community. For reservations, call 516-377-6146 or e-mail penpower@eniinternet.com.

more events »

Mississippi Trial Under Way In Cooper Tire Suit

OXFORD, Miss. (AP) – Testimony was to begin Wednesday before a federal jury in Oxford in a $189 million lawsuit by Cooper Tire & Rubber Co. against one of Mississippi’s top legal firms and other lawyers.

Bass, Berry & Sims Names Wilbon Member

Clarence Wilbon has been elected a member of Bass, Berry & Sims PLC. Wilbon joined the firm in 2003, when he relocated from Louisville, Ky. He practices in the firm’s Litigation and Dispute Resolution Group, representing national companies and financial institutions in commercial cases and employment disputes.

GM Official Says Cash Could Run Out by March 31

DETROIT (AP) - The target date for General Motors Corp. to get its second installment of government loans passed last week, but a top company executive says he expects the money to arrive in the next several days.

Wal-Mart Stores Shares Decline on Downgrade

NEW YORK (AP) - Shares of Wal-Mart Stores Inc. fell on Wednesday, after an analyst said the company's momentum is slowing and downgraded his rating of the world's largest retailer's stock.

Supreme Court Won't Revive Online Content Law

WASHINGTON (AP) - The government lost its final attempt Wednesday to revive a federal law intended to protect children from sexual material and other objectionable content on the Internet.

Obama Institutes Ethics Rules, Freezes Salaries

WASHINGTON (AP) - President Barack Obama's first public act in office Wednesday was to institute new limits on lobbyists in his White House and to freeze the salaries of high-paid aides, in a nod to the country's economic turmoil.

Citigroup's Top 3 Executives Decline Bonuses

NEW YORK (AP) - Citigroup's top three executives have passed up bonuses, as the banking giant works to return to profitability after five straight quarters of losses.

Best Buy Taps President and COO Dunn as New CEO

CHICAGO (AP) - Best Buy Co. Inc. laid out a succession plan Wednesday, saying Brian J. Dunn, its president and chief operating officer, will take over this summer as chief executive of the nation's largest consumer electronics chain.

Nashville May Make English Government Language

NASHVILLE, Tenn. (AP) - Nashville could become the largest U.S. city to make English the mandatory language for all government business under a measure up being put before voters Thursday, but critics say it might invite lawsuits and even cost the city millions in federal funding.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 374 7,749
MORTGAGES 89 414 9,199
FORECLOSURE NOTICES 9 52 1,358
BUILDING PERMITS 197 1,007 16,607
BANKRUPTCIES 45 279 5,406
BUSINESS LICENSES 28 154 2,948
UTILITY CONNECTIONS 0 139 3,250
MARRIAGE LICENSES 30 128 1,688

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