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VOL. 124 | NO. 214 | Friday, October 30, 2009

Dover to Close Memphis Motorsports Park

Dover Motorsports Inc., the owner of Memphis Motorsports Park, is waving the checkered flag and will end racetrack operations there, the company reported Friday.

Church’s Future Leaves Midtown Corner in Flux

The intersection of Union Avenue and Cooper Street is one of the busiest in Midtown, as evidenced by the steady flow of cars, the bustling Ike’s parking lot and the Playhouse on the Square construction site.

Herenton Grand Jury Hears From Four

Herenton Knew In Advance Of "Secret" Recording

A federal grand jury probe believed to be an investigation of the private business affairs of former Memphis Mayor Willie Herenton heard from four witnesses Thursday.

Shelby County Pension Fund Shows Signs of Life

The Shelby County pension fund saw its value climb more than $33 million in September, giving the fund a 4 percent gain for the month and continuing this year’s trend of a slow and steady rebound.

Buckling Down At Bank of Bartlett

The Federal Reserve Bank of St. Louis wants Bank of Bartlett to take several steps relatively soon to strengthen the bank’s balance sheet and improve capital levels.

Local Weather
Currently
Memphis, TN
84.0°F
A Few Clouds
Wind: Calm mph
Humidity: 55%

EVENTS

The Dixon Gallery and Gardens will host Brewer’s Feast today at 6 p.m. at the Dixon, 4339 Park Ave. Five all-grain ales will be paired with gourmet food. Reservations are required. Cost is $50 for members and $60 for nonmembers. For more information, call 761-5250.

more events »

Wright Medical Group Reports Improved Sales

Demand for foot and ankle devices spurred Wright Medical Group Inc. sales to a higher-than-expected level for the third quarter, the company reported today.

Gehi Scales Mont Blanc For Alzheimer’s Association

Mont Blanc – the highest mountain in the Alps – has been scaled by a Memphis doctor on behalf of people trying to hold onto their memories and maintain reality.

STATEWIDE

Tenn. Working to Raise Student Achievement Bar

NASHVILLE, Tenn. (AP) - The Tennessee Education Department says it's taken steps to toughen the state's achievement standards to make students more competitive.

REGIONAL

Ark. Supreme Court Upholds Lethal Injection Law

LITTLE ROCK, Ark. (AP) - The Arkansas Supreme Court on Thursday ordered a lower court to lift an injunction halting a death row inmate's execution, upholding a state law aimed at stopping his lawsuit challenging Arkansas' lethal injection procedures.

Mass Flu Shot Clinics Begin in Arkansas

LITTLE ROCK, Ark. (AP) - Mass clinics for seasonal and swine flu vaccines are scheduled this week in every county in Arkansas.

NATIONAL BUSINESS

CB Richard Ellis Earnings Fall 69 Percent

LOS ANGELES (AP) - Commercial realty firm CB Richard Ellis Group Inc. said Wednesday that third-quarter profits plummeted 69 percent as the recession hurt demand for office space.

US Stimulus Jobs Overstated by Thousands

WASHINGTON (AP) – An early progress report on President Barack Obama’s economic recovery plan overstates by thousands the number of jobs created or saved through the stimulus program, a mistake White House officials promise will be corrected in future reports.

Economy Grows in Q3, Signals Recession’s End

WASHINGTON (AP) – The U.S. economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. It’s the strongest signal yet that the economy has entered a new, though fragile, phase of recovery and that the worst recession since the 1930s has ended.

Shares of Homebuilders Slide on New Home Sales

NEW YORK (AP) - Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.

NATIONAL POLITICS

US House Leader Presents New Health Care Bill

After months of struggle, House Democrats rolled out sweeping legislation Thursday to extend health care coverage to millions who lack it and create a new option of government-run insurance. A vote is likely next week on the plan largely tailored to President Barack Obama’s liking.

Geithner: Legislation Won't Lead to More Bailouts

WASHINGTON (AP) - U.S. Treasury Secretary Timothy Geithner said Thursday that giving the government the power to dismantle mammoth financial firms like Lehman Brothers will prevent future bailouts.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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The Memphis News: Business, politics, and the public interest.