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VOL. 125 | NO. 201 | Friday, October 15, 2010

Q3 Bankruptcy Reprieve Minor, Temporary

The judges and clerks in Memphis bankruptcy courtrooms got a small breather between July and September thanks to an atypical drop in bankruptcy activity that was viewed positively but is not expected to last.

Out of the Gate

Early voting kicks off contentious election

On the first day of early voting, Jack Sammons and Keith McDonald were together again.

First Horizon Scores Another Surprise Profit

For the second quarter in a row, the parent company of First Tennessee Bank has posted a surprise profit and soundly beat even the most optimistic analyst forecast.

Riverport Project North of Memphis is Funded

A Mississippi riverport project north of Memphis in Lake County, Tenn., is getting $13 million in federal funding to complete the work, which includes an industrial park.

Consolidation Referendum Plaintiffs Seek To Delay Nov. 2 Vote Count

The plaintiffs in the federal lawsuit seeking to change the way votes are counted in the Nov. consolidation referendum want a delay in the certification of the referendum results and the preservation of the election information until U.S. District Judge Thomas Anderson rules on the case.

Local Weather
Currently
Memphis, TN
51.0°F
Mostly Cloudy
Wind: Southwest at 4.6 mph
Humidity: 50%

EVENTS

The Center for Information Assurance at the University of Memphis will host its third annual Cyber Security Expo, titled “Online Fraud, Inside Threat and Cyber Crime,” Friday from 8:30 a.m. to 5 p.m. at the FedEx Institute of Technology, 365 Innovation Drive. For more information or to register, visit http://cyberexpo.memphis.edu.

more events »

Air Park Property Sells For $730,000

Crump Commercial LLC recently closed on a property at 3850 Air Park St., a deal that has been in the works for about six months.

ArtsMemphis, DU Team Up for Conservation Effort

At first glance, it seems an unlikely partnership. But in the Mid-South, an initiative that brings together waterfowl enthusiasts and art supporters makes perfect sense.

MALS Celebrates 40 Years of Legal Service

Memphis Area Legal Services has plenty to celebrate: namely, 40 years of providing legal representation to thousands of Memphis-area residents who otherwise would have been unable to exercise their legal rights effectively.

Metro Charter Addresses School Funding Divide

The most quoted and parsed section of the proposed metro consolidation charter is the wording on the two public school systems in Shelby County and their connection to the metro government.

Biofuels Crucial to National Security

The development and adoption of new biofuels is a national security goal as well as an economic objective, said Dallas Tonsager, the under secretary for rural development for the U.S. Department of Agriculture.

Despite Poor Economy, Business Startups on Rise

A down economy doesn’t mean it’s necessarily a bad time to start a business.

Landing at HopeWorks a ‘Homecoming’ for Rubio

Susan Rubio spent much of her life in private education before realizing that she belonged elsewhere – closer to the street.

Building Walls Around the Suburbs

Germantown awards contract for city wall.

Prerequisites for Fundraising Success: Part One

It’s money that makes the world round.

Yuengling Eyes Memphis for Expansion

A major U.S. brewer is on the verge of making Memphis a key production and distribution center for its increasingly popular line of beers.

FTN Chief Economist Shares Insights on Economy

FTN Financial chief economist Chris Low thinks that rattling sound in the economic engine of the nation can be fixed with a combination of tune-ups.

REAL ESTATE

Banks Seize 288K Homes in Q3, But Challenges Await

LOS ANGELES (AP) – Lenders seized more U.S. homes this summer than in any three-month stretch since the housing market began to bust in 2006. But many of the foreclosures may be challenged in court later because of allegations that banks evicted people without reading the documents.

States' Probe of Foreclosures Could Force Reforms

WASHINGTON (AP) – A joint investigation by every state and the District of Columbia could force mortgage companies to settle allegations that they used flawed documents to foreclose on hundreds of thousands of homeowners.

HEALTH CARE

Judge: Suit Over Health Overhaul Can Go to Trial

PENSACOLA, Fla. (AP) – A federal judge ruled Thursday that parts of a lawsuit by 20 states seeking to void the Obama administration's health care overhaul can go to trial, saying he wants hear additional arguments from both sides over whether the law is unconstitutional.

NATIONAL BUSINESS

Applications for Jobless Benefits Rise to 462K

WASHINGTON (AP) – More people applied for unemployment benefits last week, the first rise in three weeks and evidence that companies are reluctant to hire in a slow economy.

Report: AOL, Buyout Firms Mulling Bid for Yahoo

SAN FRANCISCO (AP)Yahoo Inc.'s inability to snap out of a financial funk may be about to turn the embattled Internet company into a takeover target for the second time in less than three years.

Wal-Mart Looks to Stock More Local Produce

NEW YORK (AP)Wal-Mart Stores Inc. plans to double its sales of locally sourced produce in the U.S. by the end of 2015.

Medtronic to Settle Sprint Fidelis Suits for $268M

MINNEAPOLIS (AP) – Medtronic said Thursday it has agreed to pay $268 million to settle U.S. lawsuits and claims related to its Sprint Fidelis family of defibrillation leads, which it recalled three years ago.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 331 19,904
MORTGAGES 0 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 1 232 13,336
BUSINESS LICENSES 0 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 0 94 4,936

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