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VOL. 126 | NO. 209 | Wednesday, October 26, 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.

Pedaling Ahead

Madison bike lanes should be ready by Thanksgiving

Dedicated bicycle lanes on Madison Avenue between McNeil and Cooper streets should be painted and ready for two-wheeled traffic by Thanksgiving.

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.

School Board Acts On Charter Schools - School Closings

The two KIPP Academies approved are for the Memphis City Schools system. None of the five applicants for charter schools in the Shelby County Schools system were approved by the board which governs the two school systems.

ServiceMaster, Other Cos. Support Habitat Mission

Habitat for Humanity of Greater Memphis has a busy couple of weeks ahead as it closes its books on the fall building season.

Local Weather
Currently
Memphis, TN
79.0°F
Mostly Cloudy
Wind: Northeast at 10.4 mph
Humidity: 74%

EVENTS

Leadership Memphis will hold its fifth annual Multicultural Breakfast Wednesday, Oct. 26, from 8:30 a.m. to 9:30 a.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Dr. Rajiv Grover will speak on the topic “Two Keys to Great Leadership: Diversity and Creativity.” Dr. Grover is dean of the Fogelman College of Business and Economics. Tickets are $50 per person and $500 per table of 10. For reservations, call 278-0016 or visit www.leadershipmemphis.org.

more events »

Local Surgeon, Devices Aid Patient’s Recovery

Steve Hanlon of Memphis suffered serious injuries in a hunting accident last October, but one year later, he’s back to doing what he loves most, thanks to the help of a local spinal physician at OrthoMemphis and locally developed technology from Medtronic Inc.

Consolidation Fight Lives On in Court

Next month will be one year since the rejection of a metro government charter by voters that would have consolidated Memphis city and Shelby County governments.

Rhodes Singers Headline Calvary & the Arts Series

The Rhodes Singers perform at Calvary Episcopal Church Wednesday, Oct. 26, as part of the Calvary & the Arts series near the end of a year in which the Rhodes College group has traveled extensively and also worked with compose and arranger Alice Parker.

Eason Joins Obsidian As Account Executive

Kelli Eason has joined Obsidian Public Relations as an account executive.

LOCAL COLUMNISTS

Connect With Gen Y Or Risk Irrelevancy

Editor’s Note: This is the second in a two-part series.

STATEWIDE

Megabus to Add Atlanta Hub to Serve 11 Cities

ATLANTA (AP) — Megabus, a bus service operating in the U.S. and Canada, has announced that it is adding an Atlanta hub and will run buses from there to 11 cities.

REGIONAL

BancorpSouth Posts Q3 Profit

TUPELO, Miss. (AP) — Regional banker BancorpSouth Inc. posted third-quarter net income of $11.9 million, or 14 cents a share, the company reported Monday.

No Immediate FOIA Changes Expected After Ruling

LITTLE ROCK, Ark. (AP) — State officials say a western Arkansas judge's ruling against the Arkansas Freedom of Information Act won't have much practical impact in the near future.

Bayer Extends GM RIce Settlement Deadline to Nov.

NEW ORLEANS (AP) — Rice farmers have nearly a month to file for part of a $750 million settlement to claims they lost money because Bayer CropScience mistakenly sold genetically modified seed in the United States.

Symposium Set For Miss. 'Personhood' Initiative

JACKSON, Miss. (AP) — Legal experts are discussing the implications of a Mississippi ballot initiative that would declare life begins when a human egg is fertilized.

NATIONAL BUSINESS

Just in Time for Holidays, a Bad Economic Mood

NEW YORK (AP) — Americans say they feel worse about the economy than they have since the depths of the Great Recession. And it's a bad time for a bad mood because households are starting to make their holiday budgets.

Stocks Fall as Hopes for Europe Debt Deal Falter

NEW YORK (AP) — Stocks are closing with steep losses after disappointing corporate earnings and reports that a key meeting of European financial ministers had been cancelled.

REAL ESTATE

Survey: Home Prices Up in Half of Major US Cities

WASHINGTON (AP) — Home prices rose in August in half of major cities measured by a private survey, a sign that prices are stabilizing in some hard-hit portions of the country.

HEALTH CARE

FDA Says Medtronic Catheter Raises Safety Concerns

WASHINGTON (AP) – Federal health regulators say an experimental catheter from Medtronic Inc. that uses extreme heat to correct irregular heartbeats caused safety side effects in nearly one-fifth of patients treated, far exceeding the study’s safety goal.

Boys Should Get HPV Vaccine Too, Panel Says

ATLANTA (AP) — The controversial HPV shot given to girls should also be given to boys, in part to help prevent the spread of the virus through sex, a government medical panel said Tuesday.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 363 9,932
MORTGAGES 91 378 11,692
FORECLOSURE NOTICES 14 53 1,687
BUILDING PERMITS 213 788 21,098
BANKRUPTCIES 50 213 6,650
BUSINESS LICENSES 40 125 3,564
UTILITY CONNECTIONS 30 139 4,122
MARRIAGE LICENSES 12 91 2,270

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