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VOL. 125 | NO. 193 | Tuesday, October 5, 2010

Construction On Rise in West Memphis

One of only two retail developments on tap this year in West Memphis is on the verge of breaking ground.

Greenline Galas

Week of events celebrates multiuse trail’s formal opening

For trail lovers across Memphis, it is time to rejoice.

Board Declines Ford’s Pension Increase Request

The Shelby County Retirement Board rejected Joe Ford’s appeal of the $747 monthly pension amount the board approved last month for the former interim county mayor.

SCOTUS Denial Starts Clock On New Strip Club Rules

It was just one of dozens of case listings from the U.S. Supreme Court on the first Monday in October: Entertainment Productions, Inc. v. Shelby County et al.

Tax Uncertainty Could Play Role In Biz Decisions

No one knows yet what Congress plans to do about this year’s expiring tax rates, and Congress doesn’t have much time left to make a move.

Local Weather
Currently
Memphis, TN
47.0°F
Fair
Wind: Northwest at 6.9 mph
Humidity: 44%

EVENTS

The Sales and Marketing Society of the Mid-South will hold its 2010 Sales & Marketing Summit Tuesday from 11:30 a.m. to 5:30 p.m. at the Holiday Inn Select Memphis East, 5795 Poplar Ave. Cost is $25 for members and $50 for nonmembers. For reservations, call 866-290-4241 or visit www.sms-midsouth.org.

more events »

U of M Goes Green With Environmental Fair

The University of Memphis is showing off its green stripes on campus Tuesday with its third annual environmental awareness fair.

Source of ‘Obstructionism’ at Root of Political Divide

Less than a month from the Nov. 2 Congressional midterm elections, you don’t have to go far to find partisans with a national perspective on which party holds the majority in Congress.

Habitat Seeks Donors as Funds Run Out

Habitat for Humanity of Greater Memphis dedicated 21 homes Monday as the charity celebrated a banner year made possible by $2.7 million in federal stimulus money.

Election Dispute Heats Up as Court Date is Delayed

Both sides in the disputed Aug. 5 Shelby County elections will return to Chancery Court Wednesday in a second attempt to begin the civil trial on the matter.

MATA Nabs $7M Grant

The Memphis Area Transit Authority (MATA) is getting $7 million from the Federal Transit Administration to buy new buses.

D. Canale Site Sells as Part of Hand Purchase

45 E.H. Crump Blvd., Memphis, TN 38106, Sale Amount: $4 million -
The D. Canale Beverages LLC property at 45 E.H. Crump Blvd. has formally sold for $4 million to The Hand Family Realty Co. LLC, an affiliate of Clarksville, Tenn.-based The Hand Family Beverage Co.

Understanding the Third Quarter

Be advised, Waddell & Reed caused the May “Flash Crash,” not Waddell & Associates. Waddell & Reed has the scale to accomplish such things; we do not. They traffic in derivatives; we do not. If I were the Waddell of Waddell & Reed, I’d likely be ranching in Carmel Valley and entrusting my then-substantial portfolio to someone like Waddell & Associates!

STATEWIDE

AP Interview: Lottery Scholarships May be Tweaked

NASHVILLE (AP) – Democratic gubernatorial candidate Mike McWherter would consider annually tweaking the state's lottery scholarships to ensure there is enough money to pay for the popular program.

NATIONAL BUSINESS

Bank Exec Checked Only Date on Foreclosure Docs

WASHINGTON (AP) – A Wells Fargo executive has acknowledged that he verified only the dates on up to 150 foreclosure documents he signed daily.

Analyst: AirTran Downgraded on Acquisition News

DES MOINES, Iowa (AP) – AirTran's stock traded nearly flat Monday even with the airline sector under heavy pressure from the strong dollar and energy prices that have been rising since late last month.

Twitter Co-Founder Evan Williams Steps Down as CEO

SAN FRANCISCO (AP) — Twitter co-founder Evan Williams is stepping aside as the short-messaging service's CEO. He will turn the job over to Dick Costolo, who has been steering Twitter's operations for the past year.

NATIONAL POLITICS

DOJ Sues 3 Big Credit Card Cos, May Settle With 2

WASHINGTON (AP) – The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement with two of them, MasterCard and Visa.

Obama Convenes Econ Board, Focusing on Job Skills

WASHINGTON (AP) – Reaching out to big business, President Barack Obama is announcing a new program that links top companies with community colleges in hopes of ramping up America's job skills.

2 New Fed Members Sworn In; New Aid Weighed

WASHINGTON (AP) – Two new members have been installed on the Federal Reserve, which has enormous power over Americans' pocketbooks.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 23 71 8,375
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

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