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VOL. 125 | NO. 199 | Wednesday, October 13, 2010

Builders Hoping for Market Turnaround

Local homebuilders matched the number of new-home permits for the third quarter compared to last year, but the recent data indicates the market is facing a doubled-edged sword.

Healing Haven

City’s first hospice home set for November opening

Trees provide solace and strength at the new $10 million Baptist Trinity Hospice House and Kemmons Wilson Family Center for Good Grief.

Pinnacle Move Bolsters Aerotropolis

Pinnacle Airlines Corp.’s recent announcement means a headquarters relocation to Downtown and away from the airport, but industry experts say the move will not hinder Memphis’ aerotropolis marketing.

Early Voters Face Slate of Local, Statewide Races

Shelby County voters begin making their choices Wednesday as early voting in advance of the Nov. 2 Election Day gets under way.

Swift Transportation To Lay Off 53 Locally

Swift Transportation Corp. has announced plans to lay off more than 50 of its workers in Memphis, beginning Oct. 29.

Local Weather
Memphis, TN
Partly Cloudy
Wind: Southwest at 5.8 mph
Humidity: 74%


Talk Shoppe will present “The Purple Cow: Maximizing Your Exposure in the Market” Wednesday from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call 482-0354.

more events »

Marina Cove Demolition Starts New Direction in Hickory Hill

The Marina Cove apartments in Hickory Hill now being demolished are one 24-acre piece of a real estate puzzle coming together in the bigger plans for what comes next.

Commissioners Draw Lines in Charter Sand

It was the dominant issue in many of the May 4 county primaries for the Shelby County Commission.

Lintner Promoted at Obsidian Public Relations

Crissy Lintner has been promoted to director of client services at Obsidian Public Relations.

Economy Sees Slow Growth

The easing will continue until unemployment improves

If I Had a Hammer

Yesterday I listened to my sister describe the ingenious and absurd method she is using to keep her cell phone charged because she can’t afford to buy a new one right now. It involves a screwdriver, a rubber band and holding her mouth in just the right position. No telling how much time “MacGyver” spends jury-rigging the thing every day.


International Paper Declares Quarterly Dividends

MEMPHIS (AP) – Global paper and packaging company International Paper Co. on Tuesday declared common and preferred stock dividends for the October-December quarter.


Tennessee Sales Tax Revenue Increases in September

NASHVILLE (AP) – Tennessee sales tax revenue continued to grow in September, with collections coming in $41 million more than the budgeted estimate.


Despite Foreclosure Halt, Mortgage Crisis Not Over

MIAMI (AP) – For most Americans at risk of losing their homes, the brutal business of foreclosure goes on.

GMAC to Review Foreclosure Documents Nationwide

WASHINGTON (AP) – GMAC Mortgage says it will review all its foreclosures nationwide to determine whether documents contain errors. But it's stopping short of a nationwide foreclosure freeze.


Debit Card Issuer Sues Fed Chairman Over Fees

SIOUX FALLS, S.D. (AP) – Bank and debit card issuer TCF National Bank has sued Federal Reserve chairman Ben Bernanke and the Fed's board of governors, saying regulations limiting the fees a bank can charge retailers for debit card transactions are unconstitutional.

Proposed Rules Mean Losses for Creditors

WASHINGTON (AP) – Federal regulators are proposing rules that would mean shareholders and other creditors of big failed financial firms seized by the government should expect to suffer losses and won't receive any taxpayer money.

Wal-Mart Stores to Start Selling Apple's iPad

NEW YORK (AP) Wal-Mart Stores Inc. will start selling Apple Inc.'s iPad tablet computer in some stores by Friday and in a majority of locations by the height of the holiday shopping season.

Census: Fast-Growing US Areas Show Big Income Drop

WASHINGTON (AP) – Call it the migration bust: Many of the fast-growing U.S. areas during the housing boom are now yielding some of the biggest income drops in the economic downturn.


Fed Minutes: Debt Purchases Dominate Sept. Meeting

WASHINGTON (AP) – A new program to pump up the economy through the purchase of Treasury bonds dominated Federal Reserve officials' discussions at their September meeting.

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PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926

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