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VOL. 125 | NO. 205 | Thursday, October 21, 2010

Cargill $72 M PILOT Gets IDB Green Light

The Industrial Development Board of Memphis and Shelby County has unanimously granted Cargill Inc. a $72 million retention payment-in-lieu-of-taxes (PILOT) to renovate and expand its Presidents Island corn-milling facility.

Indie Spirit

13th annual fest fetes filmmakers’ freedom

The Indie Memphis Film Festival opens for its 13th season this weekend, running Thursday through Sunday at the Playhouse on the Square, the Studio on the Square and the Memphis Brooks Museum of Art.

Delta Air Lines Reports $929M Profit in Q3

Delta Air Lines Inc. has reported a $929 million third-quarter profit excluding special items.

New Revelations Could Alter Foreclosure Suit

Widespread disruptions in the foreclosure assembly line around the country may impact a lawsuit against one particular lender filed on behalf of Memphis and Shelby County governments.

Right to Hunt Amendment Caps 20-Year Fight

Below the list of 16 candidates for Tennessee governor on the Nov. 2 ballot is a proposed amendment to the Tennessee Constitution that has been 20 years in the making.

Local Weather
Memphis, TN
Partly Cloudy
Wind: West at 9.2 mph
Humidity: 69%


Saint Francis Hospital Center for Surgical Weight Loss will host a free information seminar on bariatric surgery Thursday at noon at the hospital, 5959 Park Ave. Seating is limited. To reserve a seat, call 765-1849.

more events »

Saint Francis-Bartlett Plans More Heart Procedures

Saint Francis Hospital-Bartlett is looking to do more than diagnostic testing at its cardiac catheterization lab.

Thomas Uses Probate Clerk Background to Form New Company

Chris Thomas knew leaving the Probate Court Clerk’s office would involve some risk and change.

Kuhn’s Legal Career Veers to Airport

The legal profession is somewhat of a family business for Brian Kuhn, recently retired Shelby County attorney and newly appointed legal counsel for the Memphis-Shelby County Airport Authority.

Financial Planning, Venus-Style

Ray’s Take: Yes, men and women are different when it comes to investing. Women are less likely than men to be satisfied with the financial services they receive. Their engagement of services is more likely to be driven by a major life event – divorce, birth of a child, death or inheritance. And, here’s what’s really interesting, if a woman does become engaged in investing her portfolio is likely to perform better than those of male investors.

One Simple Way to Manage Complexity

We often fail to accept solutions because they seem too simple to work.

Pinnacle Gets $195K Tenant Improvement Grant

Downtown boosters added another incentive to the mix Wednesday to smooth the way for Pinnacle Airlines Corp. to bring its corporate headquarters to Downtown’s One Commerce Square.

Committee Wants to Boost Joe Ford’s Pension

Shelby County Commissioners are recommending that former interim County Mayor Joe Ford get an increased county pension that counts Ford’s time as a City Council member.


Former Revenue Commissioner's Actions Being Probed

CHATTANOOGA, Tenn. (AP) — Federal and state authorities are investigating how former state Revenue Commissioner Reagan Farr's handled several probes of sales tax collections.

Panel to Recommend Next UT President to Trustees

KNOXVILLE, Tenn. (AP) — Five remaining candidates in the search for a University of Tennessee president answered questions — many about fundraising and finances — in separate interviews Wednesday ahead of at least two of them making the final cut.

State Website Gets High Marks in National Rating

NASHVILLE, Tenn. (AP) — The state of Tennessee website has been given high marks in a national evaluation.


Furniture Company Announces Layoffs in Miss.

ECRU, Miss. (AP) — Ashley Furniture Industries has announced it will lay off 65 workers at its operation in Ecru in northeast Mississippi.

Boehner to Campaign for Nunnelee in Southaven

JACKSON, Miss. (AP) — U.S. House Republican leader John Boehner will campaign for congressional candidate Alan Nunnelee in northern Mississippi on Thursday, signaling the GOP's intense effort to win back a seat it lost in 2008.


Fed Survey Points to Uneven Growth Across US

WASHINGTON (AP) — The U.S. economy grew unevenly in early fall, with more than half the regions of the country expanding modestly while others are struggling to grow.

Wells Fargo Profit Rises 19 Percent, Tops Forecasts

NEW YORK (AP) — Wells Fargo & Co.'s income rose 19 percent in the three months ending in September as losses from failed loans continued to fall.


Stimulus Spending Looms Large in Midterm Contests

DENVER (AP) — A photo of President Barack Obama hangs on the wall in CoraFaye's Cafe, a short walk from the Denver museum where Obama signed into law the most sweeping U.S. economic package in decades in an attempt to put people back to work and end the worst downturn since the Great Depression.


Obama Official Says Banks Can Restart Foreclosures

WASHINGTON (AP) — President Barack Obama's top housing official says lenders are within their rights to resume foreclosures this month despite allegations that they erred in processing documents.

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PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700

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