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VOL. 123 | NO. 204 | Friday, October 17, 2008

Q3 Bankruptcies Up 11 Percent

At first glance, it might seem like Shelby County Commissioner Henri Brooks’ Chapter 7 bankruptcy filing this month does not fall in line with the intent of a major revision to the country’s bankruptcy code in 2005.

Council Could Revisit Lee’s Legal Bill Payment

The Memphis City Council has a chance next week to reconsider its decision not to pay more than $426,000 in legal fees incurred by former Memphis Light, Gas and Water Division president and CEO Joseph Lee.

Halloween Businesses Expected to Increase Sales

Barry Lincoln walked up to a ghoul and put his arm around the creature.

Nonprofit Orgs Brace For Financial Fallout

Nonprofit organizations could have less money to operate when their services are needed mostly because of Wall Street losses and economic uncertainty.

Alexander, Tuke Campaign With Velvet Gloves

The only statewide election on the Nov. 4 ballot hasn’t featured any of the television attack ads that have saturated the local airwaves since last year’s congressional primary campaigns in North Mississippi. The wave crossed the state line and continued in the race to the August GOP congressional primary in Tennessee’s 7th Congressional District.

Local Weather
Currently
Memphis, TN
65.0°F
Mostly Cloudy
Wind: South at 12.7 mph
Humidity: 56%

EVENTS

The University of Memphis College of Communication and Fine Arts today will honor Knox Phillips with the 2008 Distinguished Achievement Award in the Creative and Performing Arts at 11:30 a.m. at the Rendezvous, 52 S. Second St. Phillips, son of Sun Records founder Sam Phillips, will be honored for his work in the music scene as an engineer, producer, studio owner and supporter of local music. Cost of the luncheon is $50 per person and $350 for a table of eight. Seating is limited. For reservations, call 678-5086 or 678-4372.

more events »

Social Security Benefits Rise by 5.8 Percent

WASHINGTON (AP) – Social Security benefits for 50 million people will go up 5.8 percent next year, the largest increase in more than a quarter century.

Conservation Events To Reintroduce Kids to Nature

This weekend, several activities will be held with one common goal: to get kids up and out into nature.

Worries Over Economy Spread; Global Markets Sink

NEW YORK (AP) – Fears of recession are trumping fears of inflation.

Tennessee’s Tanner Prepares For 20th Year in Congress

John Tanner will mark 20 years in Congress when he returns to Washington in January. The Union City, Tenn., Democratic U.S. representative is running unopposed on the Nov. 4 election ballot.

Oil Plummets on Big Jumps in US Crude, Gas Stocks

NEW YORK (AP) - Oil prices closed at a new 14-month low beneath $70 a barrel Thursday, bringing its price to less than half its July record high after the government reported massive increases in U.S. crude and gasoline stockpiles.

Steel Maker Nucor's Profit Soars on Acquisitions

PITTSBURGH (AP) - Steel maker Nucor Corp. said Thursday third-quarter earnings nearly doubled, helped by higher sales from recently acquired steel and scrap-metal companies.

Newspapers in Tennessee, Colorado Endorse Obama

Excerpts from recent newspaper endorsements of the presidential candidates.

Report: Tenn. Growth Concentrated in 3 Cities

NASHVILLE, Tenn. (AP) - A recent report by a state research group shows most of the growth in Tennessee within the past 10 years remains concentrated among a small number of its counties.

FDA Seeks Advice to Improve Tracking of Produce

WASHINGTON (AP) - Prompted by this summer's salmonella outbreak, the government has begun investigating how to quickly identify the source of contaminated food and stop it from getting to consumers.

'Joe the Plumber' Says He Gas No Plumbing License

HOLLAND, Ohio (AP) - Joe the Plumber said Thursday he doesn't have a license and doesn't need one.

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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 0 8,303 8,303
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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The Memphis News: Business, politics, and the public interest.