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VOL. 126 | NO. 204 | Wednesday, October 19, 2011

Uptown Phase Two Gets Go Ahead

After several delays, phase two of the plan for Uptown development cleared the Shelby County Commission Monday, Oct. 17.

Road Trip

Lt. Gov. Ramsey travels state to hear business owners’ concerns

Tennessee Lt. Gov. Ron Ramsey is going on a road trip.

FTN’s Low Says US Economy ‘On the Brink’

Chris Low, chief economist for FTN Financial in New York, compressed several years’ worth of recent economic data and trends into the three-word title of his hour-long presentation Monday at the Racquet Club of Memphis.

Overton Park Conservancy Delivers Tentative Plan

The private group seeking to establish an Overton Park conservancy similar to the organizations that oversee Shelby Farms Park and the Memphis Zoo has sent a tentative management agreement to Memphis Mayor A C Wharton Jr.

Hackmeyer Buys Fitness Center, Leases to New User

Memphis-based Hackmeyer Properties has bought the former Prairie Life Fitness Center at 3690 S. Houston Levee Road in Collierville from Prairie Life Fitness LLC for $2.7 million and is leasing the facility to a new fitness company.

Council Looks Into NBA Revenue Lock Out

Memphis City Council members voted Tuesday, Oct. 18, to have their attorney “explore all options” for recovering any revenues lost in the National Basketball Association lock-out.

Fullilove Wants Madison Bike Lane Talks but ‘Not Trying to Interfere’

Memphis City Council member Janis Fullilove wants to talk more about dedicated bicycle lanes on Madison Avenue at the council’s Tuesday, Oct. 18, afternoon session.

Beavers Builds Case Around Conduct of Tennessee Judges

Editor’s Note: This is an occasional series that profiles Tennessee’s state legislators. It took a budget shortfall in the Wilson County school system and her husband knocking on doors to get Mae Beavers elected the first time.

The Memphis Dawls Bring Sound to Calvary Series

It’s week two for Calvary Episcopal Church’s fall concert series, and if the first show was any indication, the 179-year-old place of worship is on track for a banner season.

Parish Nurse Resource Center Moves to Memphis

It’s been a landmark year for the Memphis-based Church Health Center, which provides access to quality health care for the city’s vast population of uninsured citizens.

Davidson Hotels Relocating to Atlanta

Officials with Davidson Hotels & Resorts, one of the nation’s largest independent hotel management companies, announced Monday, Oct. 17, the company will relocate its headquarters from Memphis to Atlanta.

CMOM Names Roberts Marketing, Fundraising Coord.

Carrie Callaway Roberts has been named marketing and fundraising coordinator at The Children’s Museum of Memphis.


Understand Gen Y To Reach Them

Editor’s Note: This is the first in a two-part series. Gen Y is misunderstood – in the workplace and to businesses targeting this generation. Often described as the “entitled generation” with a less-than-stellar work ethic, there’s more to this generation than meets the eye. Failure to understand what drives this group can be costly.


Session Tuesday About New Photo ID Voting Law

KNOXVILLE (AP) – The first AARP question-and-answer session about a new law requiring photo identification to vote is Tuesday in Knoxville.


Tenn. Lawmakers' Quarterly Expenses Up 8 Percent

NASHVILLE (AP) – Lawmakers' out-of-session expenses increased 8 percent in the third quarter despite the elimination of legislative oversight committees, an Associated Press review has found.


US Adopts Limits on Speculative Commodity Trading

WASHINGTON (AP) – Trading in commodities futures will be capped under a federal rule adopted Tuesday that seeks to tamp down on speculative trades, which some have blamed for driving up food and gas prices in the past year.

Goldman Sachs Loses $428 Million in Third Quarter

NEW YORK (AP) Goldman Sachs Group Inc. reported a third-quarter loss of $428 million Tuesday, only the second quarterly loss since the investment bank went public 12 years ago.

Bank of America Earns $6.2B on Accounting Gains

NEW YORK (AP) – Bank of America earned $6.2 billion in the third quarter on accounting gains and the sale of a stake in a Chinese bank, which offset lower revenue and income in its credit card, real estate and investment banking businesses.

Viacom to NY Court: Scrap YouTube Copyright Ruling

NEW YORK (AP) – Viacom claims in a New York federal court appeal that YouTube allows – and even welcomes – "rampant copyright infringement."


Bernanke: Crisis Taught Lesson for Central Banks

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke says a key lesson learned from the 2008 financial crisis is that central banks must have a dual goal of controlling inflation while supporting the banking system.

Why Fed Dissident Fisher Opposes Further Action

NEW YORK (AP) – He's an inflation "hawk" who isn't worried about inflation, a former political candidate appalled by politics, a dissident who views himself as part of the team.

Mailing a Letter to Cost a Penny More Next Year

WASHINGTON (AP) – It'll cost a penny more to mail a letter next year.


US Homebuilders Less Pessimistic in October

WASHINGTON (AP) – U.S. homebuilders are less pessimistic about the struggling housing market, but not enough to signal a recovery any time soon.


Social Security to Hand Out First Raises Since '09

WASHINGTON (AP) – Social Security recipients will get a raise in January – their first increase in benefits since 2009. It's expected to be about 3.5 percent.

Analyst Downgrades Walgreen and Cuts Estimates

NEW YORK (AP) – Jefferies and Co. downgraded shares of Walgreen Co., saying the drugstore chain is in a weak negotiating position in its dispute with pharmacy benefits manager Express Scripts Inc.


BlackBerry Maker Shows New Phone, Tablet Software

SAN FRANCISCO (AP) – BlackBerry maker Research In Motion Ltd. unveiled a new operating system Tuesday in hopes of grabbing some attention away from the iPhone and Android phones.

Motorola Brings Back 'Razr' Name for Smartphone

NEW YORK (AP) – Seeking an edge in the world of high-end smartphones, Motorola is bringing back the "Razr" name, once attached to the best-selling phone in the world.

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MORTGAGES 79 340 15,906
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