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VOL. 125 | NO. 2 | Tuesday, January 5, 2010

Plans Submitted for Overton Square Revamp

Could get vote next month

Oklahoma-based Sooner Investment has submitted its plan to overhaul the southern half of Overton Square to the Memphis-Shelby County Office of Planning and Development.

Moore Ascends To MAAR Presidency

When Glenn Moore was growing up in the Longview Heights community of South Memphis, he and his dad would spend Sunday afternoons driving around the city checking out new housing developments.

Schulz GMBH To Build Pipe Plant In Tunica

Three months after plans for a $1 billion hybrid automotive plant were announced in Tunica County, there are plans for a new pipe manufacturing facility in the North Mississippi county.

Grocers Continue Push for Wine Sales

Signs went up in grocery stores in December, directing shoppers to a Web site where they can sign petitions in support of the legislation. Liquor store owners have also put up a Web site with a competing petition, but the president of the Tennessee Wine & Spirits Retailers Association says his organization is being outspent in the battle for public opinion.

Docs Deflect Increasing Malpractice Claims

Tennessee doctors continue to fend off the vast majority of malpractice suits filed, but the five-year trend is unmistakable: The price of success grows higher every year.

Local Weather
Currently
Memphis, TN
76.0°F
Mostly Cloudy
Wind: West at 6.9 mph
Humidity: 74%

EVENTS

The Memphis Rotary Club will meet today at noon at the University Club of Memphis, 1346 Central Ave. Gov. Phil Bredesen will speak. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

Crichton College Sale Closes To California Entrepreneur

255 N. Highland St., Memphis, TN 38111, Sale Amount: $5.3 Million -
Less than a year after entering into a definitive agreement to form a strategic alliance with SignificantPsychology LLC, the board of directors at Crichton College has formally sold the Christian liberal arts college to the California company for $5.3 million.

STATEWIDE

Enforcing Biz Tax Could Bring in Millions

NASHVILLE (AP) – As Tennessee grapples with budget cuts and declining revenue, state officials say an incentive plan to collect unpaid business taxes, coupled with a tax crackdown, could bring in several million additional dollars each year.

REGIONAL

Ark. AG Rejects Medical Marijuana Amendment

LITTLE ROCK, Ark. (AP) – The attorney general has rejected a measure proposed for this year's ballot to legalize marijuana for medical use in Arkansas.

Miss. School Consolidation Topic of Discussion for Committee

CANTON, Miss. (AP) – Madison County Superintendent of Education Michael D. Kent said protecting his district from any proposed school consolidation will be the first priority while serving on a statewide advisory commission on the subject.

Unusual Help Comes for Delta's Ills

GREENWOOD, Miss. (AP) – Behind the veil of political strife between the United States and Iran, may be a glimmer of hope for the health and well being of the people of the Mississippi Delta.

27 Arkansas Counties Declared Disaster Areas

LITTLE ROCK, Ark. (AP) – Gov. Mike Beebe has declared 27 counties as disaster areas after a deluge of rain swamped the state during Christmas.

NATIONAL BUSINESS

Manufacturing Report Bolsters Hopes for Recovery

WASHINGTON (AP) – An unexpectedly strong report on manufacturing activity Monday bolstered confidence that the nation's factories will help sustain an economic recovery.

AP: 2009 Bankruptcies Total 1.4 Million, Up 32 Percent

RALEIGH, N.C. (AP) – U.S. consumers and businesses are filing for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted, an Associated Press tally showed Monday.

H&R Block to Repay up to $19M in IRA Fees

NEW YORK (AP) – H&R Block Inc. will refund up to $19.4 million in fees to customers who bought an individual retirement account product, which the New York attorney general claims was a money loser because it charged more in fees than it paid in interest.

Stocks Climb on Manufacturing Reports, Rising Oil

NEW YORK (AP) – The stock market has extended its 2009 rally into the new year.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 29 82 1,716
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

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