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VOL. 124 | NO. 2 | Monday, January 5, 2009

Frist Says No Bid For Governor In 2010

Gibbons Affirms Candidacy In GOP Primary

Frist was considered the leading Republican contender in the open governor’s race. Several prospective GOP contenders had conditioned getting into the race on Frist not becoming a candidate.

Industry Takes Toll on MAAR Membership

The housing slump continued to take a toll on the real estate profession as membership in the Memphis Area Association of Realtors (MAAR) reached a three-and-a-half year low in December with just 4,599 members.

Banking Uncertainty Could Hinge on Low Loan Demand

Kirk Bailey, chairman and CEO of Magna Bank, met with senior staff last week and encouraged them to develop a plan for the bank that includes offering more loans to credit-worthy borrowers.

Weekly Snapshot

Loudean’s Is Fabric of Family

Loudean’s is like a couch with plenty of pillows where the history of a family is enmeshed with the antique lace.

Local Weather
Currently
Memphis, TN
77.0°F
Fair
Wind: South at 6.9 mph
Humidity: 85%

EVENTS

The Memphis Rotary Club will meet Tuesday at noon in Ballroom B of the Memphis Cook Convention Center, 255 N. Main St. State Sen. Jim Kyle, D-Memphis, will address the financial problems currently facing Tennessee. Lunch is $18 perperson, payable at the door. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

Motorists' Habits Spur Call for Tax Increases

WASHINGTON (AP) - Motorists are driving less and buying less gasoline, which means fuel taxes aren't raising enough money to keep pace with the cost of road, bridge and transit programs.

GMAC Gives Up Some Car Financing

DETROIT (AP) – GMAC will no longer have exclusive rights to provide low-interest loans to people who buy General Motors Corp. vehicles, and it will stop financing leases under a complex deal to get federal aid for the troubled lender.

Blues Icon King to be Honored

SOUTHAVEN, Miss. (AP) - Blues icon B.B. King will be honored Jan. 17 at the Community Foundation of Northwest Mississippi's Crystal Ball gala in Southaven.

Jobs Gains High In East Tennessee, Losses in West

SHELBYVILLE, Tenn. (AP) – Dozens of companies in 2008 expanded or launched new projects in East Tennessee, leaving West Tennessee dry with high unemployment rates. Experts say the employment shift is just a phase of the recession.

New Laws in 5 States Call for Fire-Safe Cigarettes

FORT WORTH, Texas (AP) - Laws mandating stores only sell cigarettes that are slow-burning and fire-safe went into effect in five states on New Year's Day.

Foreign Workers Face Stress as Unemployment Rises

SANTA ANA, Calif. (AP) - For foreign professionals in the United States, the rising unemployment rate is especially daunting.

Standing in Line is Rehearsal at Antiques Roadshow

CHATTANOOGA, Tenn. (AP) - It's sort of like sending your attic and yard sale finds to Cinderella's ball.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 97 140 16,020
MORTGAGES 95 145 18,537
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 323 323 32,794
BANKRUPTCIES 65 121 10,621
BUSINESS LICENSES 29 58 5,144
UTILITY CONNECTIONS 38 90 11,307
MARRIAGE LICENSES 23 60 3,833

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