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VOL. 125 | NO. 17 | Wednesday, January 27, 2010

Air Canada Adds Memphis to Toronto Flights

As carriers reduce capacity to cope with shrinking demand for air travel, Air Canada is beefing up its service by entering seven U.S. markets – including Memphis.

Blocked and Tackled

Lawsuit dies between Blockbuster, local franchise group

The credits have rolled on a four-year-old legal drama between Dallas-based movie rental chain Blockbuster Inc. and the franchise group that runs Blockbuster stores in Shelby and Davidson counties.

Temporary MED Fix Just That: Temporary

The Regional Medical Center at Memphis will get $10 million from Shelby County government to keep its emergency room open through June 30, the end of the current fiscal year.

Medical Imaging Makes Gains In Memphis

Medical imaging is a fast-growing component of the health care industry, but one that has been slow to take root in Memphis.

McDonald Assumes Role of Director Emeritus at BankTennessee

Crawford McDonald has assumed the status of director emeritus of BankTennessee. In honor of McDonald’s service, the boardroom at the bank’s East Memphis office will be named the Crawford McDonald Community Room.

Local Weather
Currently
Memphis, TN
72.0°F
Mostly Cloudy
Wind: from the South at 17.3 gusting to 27.6 mph
Humidity: 57%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop today from 8:30 a.m. to 3:30 p.m. at its office, 5100 Poplar Ave., Suite 502. Judith Millesen, an associate professor at Ohio University, will speak. Cost is $99 for members, $150 for nonmembers and $89 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

Two New Beer Fests On Tap for Aficionados

Anyone looking to try a good ale, stout, lager or porter should raise their pint glasses to a pair of inaugural beer-tasting festivals being introduced in Memphis this spring.

Only Remaining Avenue in Miss. Water Case is to Sue Tenn.

If Mississippi wants to pursue its water rights lawsuit against Memphis, it will have to sue the state of Tennessee.

STATE LEGISLATURE

Bredesen Signs Special Session Education Bills

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen has signed into law higher education changes passed in a special legislative session.

STATEWIDE

Tenn. Regulators Deny Piedmont's Rate Change

NASHVILLE, Tenn. (AP) - Tennessee regulators denied a rate structure change by Piedmont Natural Gas that would have allowed the utility to raise rates for residents when less gas is used.

REGIONAL

Mueller Fined $683K for Safety Hazards

FULTON, Miss. (AP) – Federal labor officials are recommending that three Mueller Industries subsidiaries in Mississippi pay $683,000 for allegedly exposing employees to unsafe working conditions. Mueller is headquartered in Memphis.

NATIONAL BUSINESS

Delta Posts Small Loss for Fourth Quarter

ATLANTA (AP)Delta Air Lines Inc. sees signs that corporate travel demand is picking up as it closed the books on a turbulent 2009 by posting a $25 million loss for the final three months of the year.

Consumer Confidence Index Climbs in Jan.

CHICAGO (AP) - Americans' confidence in the economy improved modestly in January for the third straight month, as they begin to feel slightly better about business conditions and the job picture, according to a survey released Tuesday.

IMF: Global Economy Recovering But Stimulus Needed

WASHINGTON (AP) - The world economy is recovering at a faster-than-expected pace but still needs government stimulus efforts to keep it going, the International Monetary Fund reported Tuesday.

Ex-Treasury Boss Paulson to Address AIG Bailouts

WASHINGTON (AP) - A House panel probing the bailout of American International Group Inc. is sharpening its questions for two U.S. Treasury secretaries and a federal investigator who believes the Federal Reserve withheld documents.

PROMISES, PROMISES: Skepticism on Obama Tax Credit

WASHINGTON (AP) - President Barack Obama's push to create jobs includes a new tax credit for small businesses that add employees, an idea that fell flat in Congress last year and continues to have skeptics this year.

NATIONAL POLITICS

CBO: Federal Deficit Projected at $1.35T

WASHINGTON (AP) - The Senate on Tuesday rejected a plan backed by President Barack Obama to create a bipartisan task force to tackle the federal deficit this year, despite glaring new figures showing the enormity of the red-ink threat.

Air Canada Adds Memphis to Toronto Flights

As carriers reduce capacity to cope with shrinking demand for air travel, Air Canada is beefing up its service by entering seven U.S. markets – including Memphis.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 0 8,303 8,303
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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