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VOL. 124 | NO. 210 | Monday, October 26, 2009

Racquet Club Undergoes Transformation

When the world’s best tennis players step off the red carpet and into The Racquet Club of Memphis for the men’s Regions Morgan Keegan Championships and the women’s Cellular South Cup in February, they might not recognize the place.

Council Chairman Collins Readies For New Regime

Memphis City Council Chairman Harold Collins will have a very good seat for today’s swearing-in ceremony of Memphis Mayor-elect A C Wharton Jr.

Banks Report Mixed Q3 Results

The spate of third-quarter reports from banks with ties to Memphis continues this week, with Mississippi-based Cadence Bank and Trustmark next up to show how they fared between July and September.

Shelby County Commission Agenda

The Shelby County Commission will meet today at 1:30 p.m. at the Shelby County Administration Building, 160 N. Main St. One resolution on today’s agenda involves the receiving and filing of the oath of office for Regina Morrison-Newman, the interim Shelby County trustee. She was chosen by the commission a few weeks ago to finish the term of county Trustee Paul Mattila, who died last month at age 65 after a struggle with lung cancer. For the full agenda, click on the image to the left.

Former AG Gonzales Speaks at UT Martin

MARTIN, Tenn. (AP) – Former U.S. Attorney General Alberto Gonzales got a mixed reception during a speech at UT Martin on Thursday.

Local Weather
Currently
Memphis, TN
69.0°F
Mostly Cloudy
Wind: from the South at 18.4 gusting to 38.0 mph
Humidity: 66%

EVENTS

The American Advertising Federation Memphis will hold a roundtable discussion titled “Optimize Your State and Local Tax Posture” today from 8:30 a.m. to 9:30 a.m. at Dixon Hughes, 999 S. Shady Grove Road, Suite 400. Cost is $15 for members and $30 for nonmembers. For reservations, e-mail info@aafmemphis.org.

more events »

First Lady Sought For Le Bonheur Grand Opening

Le Bonheur Children’s Medical Center has launched a “Red Rover, Red Rover, Send the First Lady Right Over!” campaign to get Michelle Obama to be the keynote speaker for the June 15 grand opening of its new $350 million hospital.

Company Makes Tax Credit Process Easy for Businesses

Tax Credit Services LLC helps companies navigate the whirlwind of regulations and swirl of papers related to government incentives.

THE MEMPHIS NEWS

Beyond Halloween

The signs are already up in some stores around the city – especially those open 24 hours a day. They remind Halloween minded patrons not to wear any kind of masks or face coverings into the stores or risk being mistaken for robbers. What we fear is the basis for Halloween as we know it. What we believe others fear is part of the evolving tradition. Combine the two and you are past Halloween and into a civic discussion that has a season of its own.

Keep Eyes on Wharton’s Performance Before Next Election Rolls Around

A few weeks ago, we said there was no ideal candidate in the race for Memphis mayor.

Collins: Council Should Be Active Partner in City Business

Harold Collins is the chairman of the Memphis City Council, assuming the post as Myron Lowery became interim city mayor July 31.

Broad Avenue Arts District Gets Boost With Rare Russian Exhibit

An emerging arts district in the center of Memphis has received a rare taste of Russia in a gallery exhibition meant to promote awareness. Artist Yan Karpovich of St. Petersburg, Russia, opened his show titled “Dark Days/ White Nights” at T Clifton Art in the Broad Avenue Arts District earlier this month.

Memphis’ Story Explodes Onto Broadway Stage

The neon shines down on Beale Street every weekend, but on Oct. 19, Beale Street made its way to Broadway, as a Memphis-themed musical made its debut in New York.

STATEWIDE

33,000 Doses of Swine Flu Vaccine Given in Tenn.

NASHVILLE, Tenn. (AP) - State health officials say more than 33,000 doses of swine flu vaccine have been given in Tennessee this season.

REGIONAL

Miss. Appeals Court Tosses Challenge of Dying Grandfather's Adoption

JACKSON, Miss. (AP) - The Mississippi Appeals Court said this week that Illinois Central Railroad Co. had no legal standing to challenge the adoption of three children by a dying former employee who was suing the company.

REAL ESTATE

US Home Sales Rise 9.4 Percent in Sept., Beats Forecast

WASHINGTON (AP) – Home resales in September clocked the largest monthly increase in 26 years as buyers scrambled to complete their purchases before a tax credit for first-time owners expires.

NATIONAL BUSINESS

Nation's Two Biggest Railroads Face More Challenges

HARTFORD, Conn. (AP) - Analysts said Friday that the nation's two largest railroads could face even more difficulty squeezing out profits next year after turning in third-quarter earnings declines.

House Panel's Probe Targets Big Mortgage Lenders

WASHINGTON (AP) - A House panel is investigating the role of mortgage lenders in the financial crisis and is seeking information from some of the biggest U.S. companies to determine if they used deceptive practices to lure borrowers into the housing boom.

Bank Closings Top 100 for Year; Most Since 1992

WASHINGTON (AP) - Bank closings for the year surpassed 100 on Friday when regulators shut down small banks in Florida and Georgia. Financial institutions nationwide have collapsed under the weight of soured real estate loans and the Great Recession.

NATIONAL POLITICS

Bernanke Urges Congress to Act Now on Overhaul

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke prodded Congress Friday to enact legislation overhauling America's financial regulatory system to prevent a repeat of the banking and credit debacles that had thrust the country into crisis.

Industry Halts Food Label Program over FDA Concern

PORTLAND, Ore. (AP) - The Smart Choices nutrition labeling program, created voluntarily by nine large U.S. manufacturers, is halting after federal regulators said such systems could mislead consumers, officials with the labeling group said Friday.

How The Economy Stole Halloween

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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 2 8,305 8,305
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.