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VOL. 126 | NO. 208 | Tuesday, October 25, 2011

Morgan Keegan Sale ‘Imminent’

Regions Financial Corp. still doesn’t have a deal to announce for Morgan Keegan & Co. Inc., its Memphis-based investment banking unit the company put up for sale this summer.

Mitigating Mold

Company works to rid homes of dangerous allergen

With fall in full swing, homeowners and property owners alike should be aware of the consequences of mold, which plays a significant role in seasonal allergies.

Mueller Weathers Q3 Drop in Copper Prices

Memphis-based Mueller Industries Inc. reported a drop in net income for a third quarter that included a drop in copper prices and a fire at the company’s Wynne, Ark., manufacturing plant that forced it to shift operations to other plants.

Delta’s Strong Quarter Still Misses Estimates

Delta Air Lines Inc. reported a $549 million profit for the third quarter of 2011 on net income of $765 million excluding $216 million in special items, amounting to earnings of 91 cents per share.

Pinnacle Moves Mesaba’s HQ to Memphis

Memphis-based Pinnacle Airlines Corp. took another step in a plan to consolidate its three distinct regional air carriers into two brand names this week with word that Mesaba Aviation Inc. will close its headquarters in Eagan, Minn.

Local Weather
Currently
Memphis, TN
79.0°F
Fair
Wind: South at 4.6 mph
Humidity: 77%

EVENTS

Jobnewsmemphis.com will hold a career fair Tuesday, Oct. 25, from 10 a.m. to 2 p.m. at the Memphis Hilton, 939 Ridge Lake Blvd. Attendees are encouraged to arrive early, pre-register, bring resumes and prepare to be interviewed. For more information, call 761-3025 or visit www.jobnewsmemphis.com.

more events »

City Made Impact On Jobs While On Memphis Visit

Many details about Steve Jobs’ brief time in Memphis in 2009 are still not known. That’s partly because of the late Apple Inc. CEO’s penchant for secrecy and the sensitive nature of his trip to the city, which came about because of his need for a critical liver transplant at Methodist University Hospital.

NextGen Technology Changes Jet Traffic

To some, the easy measurement between the past and the future of Memphis International Airport is the 168-foot difference between the circa-1977 control tower and the new control tower dedicated last week at the airport.

Preserve at Southwind Apts. Sell for $22.2 Million

7991 Capilano Drive, Memphis, TN 38125, Sale Amount: $22.2 million -
The Preserve at Southwind apartment complex has sold for $22.2 million. G&I VII Preserve at Southwind LLC, an affiliate of New York-based DRA Advisors LLC, bought the 306-unit complex from 7991 Capilano Drive Holdings LLC. The purchase was financed with a $15.4 million loan through CW Capital LLC.

List of Judicial Finalists Sent to Haslam

The Tennessee Judicial Nominating Commission has sent a list of three finalists to Gov. Bill Haslam for appointment to the West Tennessee vacancy on the state Court of Criminal Appeals.

LOCAL COLUMNISTS

New Perspective On ‘Growing’ Your Business

Previously, I wrote about the fact that nature tends to get things right, and if you replicate patterns found in nature, you will likely be successful at whatever you desire to accomplish at work. Now let’s take things a step further and consider a situation where humans and nature must totally cooperate to accomplish a desired result: Let’s talk about farming.

Teach Your Children To Give as Well as Save

Ray’s Take: Philanthropy and volunteering are critical to building a better society. What better place for kids to learn important lessons about sharing and helping others than right at home?

MEMPHIS AREA

FedEx Expects to Ship 17M Packages on Busiest Day

NEW YORK (AP) — FedEx expects to handle 9 percent more packages on its busiest day of the year – now projected for Dec. 12.

STATEWIDE

Governor Wants Pay Analysis for State Workers

NASHVILLE, Tenn. (AP) — Gov. Bill Haslam wants a study on state workers' salaries with the intent of keeping state salaries competitive with private industry.

Commission Offers $5,000 Fellowships to Artists

NASHVILLE, Tenn. (AP) — The Tennessee Arts Commission is recognizing the state's professional artists.

Accountants Group Meets This Week in Nashville

NASHVILLE, Tenn. (AP) — The 104th annual meeting of the National Association of State Boards of Accountancy began Monday in Nashville.

REGIONAL

DFA Asks for Funds for 2 Mississippi Planes

JACKSON, Miss. (AP) — The state Department of Finance and Administration has asked legislative budget writers for $250,000 in the next fiscal year to maintain two jets used by state officials.

West Memphis 3 Lawyer to Lecture at UVa

CHARLOTTESVILLE, Va. (AP) — A lawyer who represented one of the "West Memphis Three" defendants plans to teach a two-week course on the case at the University of Virginia School of Law.

Ark. House Leaders: No New Tax Cuts in '12

LITTLE ROCK, Ark. (AP) — Arkansas House leaders said they want next year's abbreviated legislative session to focus only on passing a budget and that they plan to discourage fellow lawmakers from introducing other measures, including new tax cuts.

NATIONAL BUSINESS

Wal-Mart Ups Ante in Holiday Price Matching

NEW YORK (AP) — Wal-Mart announced a new strategy that it hopes will pull in procrastinators early by giving them a big incentive: a guarantee that they’ll get the lowest price no matter when they buy during the holiday season.

Takeovers, Anticipated European Deal Lift Stocks

NEW YORK (AP) — Stocks gained steadily Monday on a round of corporate takeovers and reports that Europe's bailout fund will be larger than anticipated. The Dow Jones industrial average was up nearly 130 points in the late afternoon. The Nasdaq composite index turned positive for the year.

IPO Market, an Engine of Job Growth, Stalls

NEW YORK (AP) — Two companies with quirky names, Ubiquiti Networks and Zeltiq Aesthetics, made their public debuts earlier this month with listings on the Nasdaq Stock Market. Each company's stock went up modestly on the first day of trading.

REAL ESTATE

Obama Offers Mortgage Relief on Western Trip

LAS VEGAS (AP) — The Obama administration offered mortgage relief on Monday to hundreds of thousands of Americans in the latest attempt to ease the economic and political fallout of a housing crisis that has bedeviled President Barack Obama as he seeks a second term.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 105 105 9,674
MORTGAGES 82 82 11,396
FORECLOSURE NOTICES 17 17 1,651
BUILDING PERMITS 134 134 20,444
BANKRUPTCIES 58 58 6,495
BUSINESS LICENSES 27 27 3,473
UTILITY CONNECTIONS 48 48 4,031
MARRIAGE LICENSES 32 32 2,211

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