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VOL. 123 | NO. 19 | Tuesday, January 29, 2008

With Clinton Back on Trail, McCain Visit Up Next

When New York Sen. Hillary Clinton told her husband a day or so ago that she'd be making a campaign stop in Memphis this week, the former president and Arkansas governor said he was jealous about being unable to come along.

Weak Real Estate Market Translates To Poor Bottom Line

Without polling every Realtor in town or reviewing their tax returns, it's impossible to know exactly how much money each one of them gained or lost in commissions between 2006 and 2007.

Richwell Furniture Direct Building Near Wolfchase to be Subdivided

7859 U.S. 64, Memphis, TN 38133, Sale Amount: $2.5 million -
A 72,472-square-foot furniture store built in 1993. It sits on 2.78 acres on the south side of U.S. 64 east of Kate Bond Road. Shelby County Assessor's 2007 appraisal was $3.5 million. The buying entity includes Phil Chamberlain and Jon McCreery, as well as a partner who declined to be named.

Scholl Says Number of Trials 'Onerous'

The federal corruption cases involving former City Council member Edmund Ford have taken an unusual path through three grand jury reviews in a year's time.

New Report Says What Pets Can't

Local entrepreneur Jim McPeak has gone to the dogs.

Local Weather
Currently
Memphis, TN
31.0°F
Fair
Wind: Southwest at 4.6 mph
Humidity: 67%

EVENTS

The Memphis Rotary Club will meet today at noon in Ballroom B of the Memphis Cook Convention Center, 255 N. Main St. A lunch buffet costs $18. Memphis Mayor Willie Herenton will give his annual State of the City Address. Reservations should be made to Taylor Hughes at 526-1318 or taylor@memphisrotary.org.

more events »

FedExWeighs Possible DHL Deal

NEW YORK (Dow Jones/AP) - FedEx Corp. reportedly is in talks to buy all or part of Deutsche Post AG's DHL delivery business in the U.S., in a deal that would help it challenge larger rival United Parcel Service Inc.

Wharton Bids Goodbye to Payroll Tax

Shelby County Mayor A C Wharton Jr. is dropping the idea of a payroll or privilege tax. The flat rate tax applied to anyone who works in Shelby County, whether they live in the county or not, and would have required action by the Tennessee legislature. Wharton told members of the Shelby County Board of Commissioners Monday, “It would be unduly naïve of me to say we would face any success.”

Numerous Homes for Sale Being Burglarized

Homes for sale are being burglarized at a rapid rate in five different East Memphis neighborhoods, officials with the Memphis Area Association of Realtors said Tuesday.

Valero Explores Sale of Memphis Refinery

Valero Energy Corp., the San Antonio, Texas-based oil refiner that owns a Memphis refinery, reported fourth-quarter earnings Tuesday that were about half of that earned during the same quarter of 2006.

Herenton Pitches Options for Convention Center

Memphis Mayor Willie Herenton wants to look at either building a new convention center Downtown or expanding the existing Memphis Cook Convention Center. Herenton made the formal pitch during a speech today at the Memphis Rotary Club. The Daily News first reported Thursday that the idea was being pursued by the administration.

Governor's Budget Bumps Up Education Spending but Flat Overall

NASHVILLE (AP) - Gov. Phil Bredesen is proposing a $27.8 billion state budget that devotes new spending to his top priority - education - but holds the line in most other areas.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 183 20,949
MORTGAGES 130 174 24,535
FORECLOSURE NOTICES 4 27 8,637
BUILDING PERMITS 163 359 42,696
BANKRUPTCIES 61 116 14,018
BUSINESS LICENSES 24 46 6,447
UTILITY CONNECTIONS 29 85 13,596
MARRIAGE LICENSES 24 47 5,116

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