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VOL. 126 | NO. 197 | Monday, October 10, 2011

Housing Market Inches Upward in Q3

Local home sales saw an uptick during the third quarter, and local professionals say it’s due to the sluggish market conditions yielding incentives for buyers.

September Home Sales Increase 2 Percent

September 2011 saw an improvement in home sales, though not as impressive as the third quarter’s totals.

Still a Newspaperman

Former publisher ‘Jack’ Jones kept TDN thriving

Faith, family, philanthropy, a love of basketball and a passion for the newspaper business are the foundations of Memphian John Paul Jones’ life.

Community Banks Resist Fees For Debit Cards

Community banks have always possessed a certain charm among American financial institutions, one embodied by personal touches, friendly service and fewer headaches and hassles than their bigger brethren.

Bioworks Awarded $3.7M Grant

Memphis Bioworks Foundation has been awarded a four-year, $3.7 million grant from the U.S. Department of Labor to deliver high-growth jobs training and jobs-placement assistance for long-term unemployed American workers.

Local Weather
Currently
Memphis, TN
49.0°F
Fair
Wind: from the North at 10.4 gusting to 21.9 mph
Humidity: 41%

EVENTS

The Third Annual Coach Pastner Golf Classic will be held Monday, Oct. 10, at Ridgeway Country Club, 9800 Poplar Ave. The morning start is 8 a.m. and the afternoon start is 1:30 p.m. Foursomes are $1,000 and individual players are $250. For more information or to register, visit www.memphisrebounders.com.

more events »

Baptist Affiliate Acquires Boston Baskin

Baptist Memorial Health Care Corp. is working to develop the Mid-South’s first adult multidisciplinary, comprehensive academic cancer center.

TDN’s Seminar Touts Sustainability

Green is the buzzword in business these days. From economic development to real estate construction, public and private initiatives focused on sustainability are reshaping the way business is conducted.

Despite Low Turnout, Incumbents See Big Wins

Memphis voters kept the turnout in last week’s city elections at less than 20 percent. About 18 percent of the city’s 426,580 or so voters showed up for the Thursday, Oct. 6, elections.

Two Tenants Join Ridgeway Center

Boyle Investment Co. has inked a pair of new office leases at 999 S. Shady Grove Road in Ridgeway Center, building on its longevity with two local companies.

Sugar Plum Consignments Offers Chic Shopping Flair

When Melissa Dixon, owner of Sugar Plum Consignments, came to Memphis in 2008 from Bolivar, Tenn., the local consignment and thrift stores soon caught her interest.

LOCAL COLUMNISTS

Yeah, But ...

You are a small-business owner familiar with the rhetoric of the day. “Businesses would hire but are uncertain of …” You are more likely thinking, “I am certain that if I just had more customers I would be OK.” You like objectives to create jobs. You agree, but think, “If I just had more customers I could create a few jobs.”

Choosing to Participate In Memphis

Last week, we exemplified how tying a nonprofit into a business’ special promotion is an easy and effective way to benefit all involved. This week, let us spotlight an international education organization – with roots in Memphis – that is helping young people and adults make the connection between history and their own lives: Facing History and Ourselves.

THE MEMPHIS NEWS

Seeing Success

Fast-growing Memphis companies named to Inc. 5000 list

On the surface, they don’t have much in common other than their home turf. They include everything from a venerable law firm, prominent regional investment companies, tech firms and even a business that manufactures food products like hot dogs and sandwich meats.

Growing Businesses Blueprint for Success

Another day, another list. The one we’ve highlighted in this week’s cover story, however, is not a ranking done by someone assigned to write something to talk about around the water cooler – that great American arbiter of the trivial. This one is an inventory in which 16 Memphis businesses are included in a tally of the nation’s 5,000 fastest growing businesses.

Region’s Best Beer on Tap at Festival

The Cooper-Young Festival, annually attended by 100,000 Memphians, has already passed, but the eclectic Midtown neighborhood hasn’t finished partying yet.

Mission at Vito’s To Go: Quality Food Quickly

The interior of Vito’s To Go resembles a submarine in its claustrophobic crowding of narrow kitchen, prep table, drive-through accommodation, bread-making area, storage and office. Six years in the planning, the restaurant, which features coffee, breakfast, sandwiches, salads and pizzas only on a drive-through, delivery or call-in/pick-up basis, is the creation of Chris Conner, whose extensive experience in construction, engineering and the local restaurant business goes back to the mid-1980s.

Seek Out This Pleasant French Sparkling Wine

Nothing on the front or the back labels tells consumers where the Marquis de la Tour Brut Rosé was made or who made it, other than that it’s a product of France. The truth is that this lightly sparkling wine hails from the Loire Valley, and it was produced by Remy Pannier, a very large manufacturer of a variety of wines from France’s “garden basket.”

STATEWIDE

Tenn. Tourism Revenue Spiked 6.3 Percent in 2010

MEMPHIS (AP) – The Tennessee Department of Tourism and Development says the state's tourism revenue in 2010 increased 6.3 percent from the previous year.

NATIONAL BUSINESS

Economy Adds 103,000 Jobs, But It's Not Enough

WASHINGTON (AP) – The jobs crisis isn't getting worse. But it isn't getting much better, either.

Money Fund Assets Rise to $2.639 Trillion

NEW YORK (AP) – Total U.S. money market mutual fund assets rose $4.87 billion to $2.639 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.

Consumer Borrowing Dropped $9.5 Billion in August

WASHINGTON (AP) – U.S. consumers slashed their borrowing in August by the most in 16 months. The drop suggests many worried about taking on new debt while the economy slumped and the stock market fluctuated wildly.

Mad at Bank Fees? Credit Unions Get Another Look

NEW YORK (AP) – Credit unions are basking in the spotlight again.

Settlement Approved in TD Ameritrade Data Theft

OMAHA, Neb. (AP) – A settlement over the theft of contact information for more than 6 million TD Ameritrade customers has received final approval.

Wholesale Stockpiles Grew 0.4 Percent in August

WASHINGTON (AP) – Wholesale businesses increased their stockpiles of autos, computer equipment and heavy machinery in August, boosting inventories for a 20th straight month as their sales rose at the fastest pace in five months.

NATIONAL POLITICS

CBO Estimates $1.3 Trillion Deficit for 2011

WASHINGTON (AP) – A government report released on Friday predicts that the federal budget hit a near-record $1.3 trillion in the just-completed fiscal year.

Obama Aide: GOP Block on Jobs Bill Risks Recession

WASHINGTON (AP) – A top White House economic adviser says Republicans will be risking another recession if they block President Barack Obama's jobs bill.

HEALTH CARE

FDA Approves First Diabetes-Cholesterol Combo Pill

TRENTON, N.J. (AP) – The first combination pill for the millions of people with the dangerous combination of diabetes and high cholesterol won U.S. approval Friday, offering convenience – and savings – to patients taking multiple pills.

TECHNOLOGY

White House Sets New Cybersecurity Safeguards

WASHINGTON (AP) – The White House is taking new steps to safeguard classified information and protect government computer networks against unauthorized disclosures such as last year's release of thousands of pages of secret documents by the website WikiLeaks.

EU Approves Microsoft Acquisition of Skype

BRUSSELS (AP) – The European Commission approved Friday the proposed $8.5 billion acquisition of the Internet phone and video communication provider Skype by Microsoft Corp., saying the deal would not significantly impede competition in Europe.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
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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