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VOL. 125 | NO. 206 | Friday, October 22, 2010

McWherter Hits Haslam on Gun Comments

Republican candidate for governor Bill Haslam told a Memphis group Thursday that he supports hand gun permit rules that are currently the law in Tennessee.

Art Party

Expanded RiverArtsFest hits South Main

More, bigger and better.

Charter Commission Chair: Consolidation Opponents 'Fearmongering'

The chairwoman of the Metro Charter Commission accused opponents of consolidation of “fearmongering” during a half-hour consolidation debate to air tonight on WKNO television.

Transition Team Recommends Sharper Economic Development Focus

Shelby County Mayor Mark Luttrell’s transition team is recommending the creation of a quasi-governmental “umbrella entity” to jumpstart economic development in the county.

Colliers Sells Property to Union Forklift

Colliers International recently sold an 18,750-square-foot building in the Perimeter Point Business Park, 2188 Spicer Cove.

Local Weather
Currently
Memphis, TN
47.0°F
A Few Clouds
Wind: Variable at 3.5 mph
Humidity: 44%

EVENTS

The Small Business Chamber will hold a breakfast club meeting Friday from 7:30 a.m. to 9 a.m. at Office Suites Plus, 6000 Poplar Ave., suite 250. For more information, call 748-8889.

more events »

Insurance Exchanges Focus of Critical State Meeting

At a stakeholders meeting Friday morning, Tennessee will begin tackling whether to set up its own insurance exchanges or let the federal government do it.

MEM Notches Strong September

September proved to be a banner month at Memphis International Airport, which registered increases in both passenger and cargo activity.

Holcomb Steps Down from MED board

Gene Holcomb, the chairman of the board for the Regional Medical Center at Memphis, is stepping down from the position.

Cargill $72M PILOT Gets IDB Green Light

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

Bailey: Consolidation Voting Challenge Likely to Falter

In April, attorney and retired Circuit Court Judge D’Army Bailey and Shelby County Commissioner Steve Mulroy began publicly questioning whether it was right for the still forming consolidation charter’s fate to rest on two votes – one in the city of Memphis and the other in the county outside the city.

Elections to Look Different Under New Charter

If a consolidation charter is approved by voters, those seeking offices in the new government would have nearly four years to make plans for the first elections.

Memphis Means Music Week Promotes Indie Vibe

Memphis is one of the most widely named cities in American song lyrics, but Memphis musicians still need a little help.

Volunteering Rewards Immeasurable for Kiwanian of the Year Cooper

Running the Midtown dry-cleaning and laundry business Mercury Valet Service is a full-time job for owner and operator Mike Cooper.

Who Signed Off On This?

What do we think of our vets? The University of Memphis has shown us a sign.

Prerequisites for Fundraising Success: Part Two

Fundraising success depends on volunteer leadership.

MEMPHIS AREA

West Memphis Police Response Praised

The response by the West Memphis Police Department when two officers were slain by an antigovernment activist and his teenage son has drawn praise from a group whose duty is to prepare for terrorist attacks in the Memphis region.

REGIONAL

Trustmark: Cadence Deal May Be Primer on How to Do It

JACKSON, Miss. (AP) — Trustmark Corp. believes its attempt to acquire Cadence Bank — even though it failed — can serve as a blueprint for other banks seeking to buy distressed institutions not yet under Federal Deposit Insurance Corporation control.

Ark. High Court Hears Proposed Amendment Challenge

LITTLE ROCK, Ark. (AP) — The Arkansas Supreme Court heard arguments Thursday on a voter lawsuit that argues the Legislature crammed too much into a proposed constitutional amendment that would allow higher interest rates.

Legislators Start Ark Lottery Scholarship Changes

LITTLE ROCK, Ark. (AP) — A legislative committee is recommending some changes to the rules for handing out scholarships funded by the Arkansas lottery.

NATIONAL BUSINESS

Stronger Revenue Helps SunTrust Top Expectations

ATLANTA (AP) — Regional bank SunTrust Banks Inc. on Thursday posted a surprise third-quarter profit on stronger revenue and subsiding loan losses.

NATIONAL POLITICS

Obama Says Elections Will Set Nation's Future

SEATTLE (AP) — Practically ordering cheering supporters to vote, even though he's not on the ballot, President Barack Obama declared Thursday that the Nov. 2 congressional elections will set the direction of the nation "for years to come."

Fearing Rout, Obama, Dems Reach to Female Voters

SEATTLE (AP) — In a last-ditch effort to prevent electoral disaster, President Barack Obama and Democratic allies are vigorously wooing women voters, whose usually reliable support appears to have softened.

REAL ESTATE

Tab for Fannie, Freddie Could Soar to $259B

WASHINGTON (AP) — The government spelled out Thursday just how much the most expensive rescue of the financial crisis will end up costing taxpayers — as much as $259 billion for mortgage buyers Fannie Mae and Freddie Mac.

Mortgage Rates Rise to 4.21 Percent From Decades Low

WASHINGTON (AP) — Rates on 30-year fixed mortgages rose slightly from their lowest level in decades, inching up to a national average of 4.21 percent.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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