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VOL. 124 | NO. 198 | Thursday, October 8, 2009

Lowery Notches Up Credentials as Election Nears

Wharton still considered front-runner in mayor’s race

Myron Lowery has about a week to go in his tenure as Memphis’ mayor pro tem depending on how long it takes to certify the Oct. 15 election results.

Pro Bono Crusade Marches on in Legal Community

The Tennessee Bar Association is continuing the access to justice fight by decreeing October “Celebrate Pro Bono Month.”

Fairgrounds Redevelopment Slow but Happening

Workers began dismantling the Grand Carousel this week at what used to be Libertyland.

Bass Berry’s Loumeau Discusses Corporate Law Practice

Eric J. Loumeau joined Bass, Berry & Sims PLC earlier this year as a partner. Loumeau concentrates his practice on corporate finance, securities, corporate governance and mergers and acquisitions. He has experience counseling public and private companies in the life sciences, software, information technology, telecommunications and retail industries.

Local Weather
Currently
Memphis, TN
44.0°F
Fair
Wind: Northwest at 9.2 mph
Humidity: 71%

EVENTS

The Small Business Chamber will host a Lunch and Learn today from 11:15 a.m. to 1 p.m. at Parmasters Golf, 888 S. White Station Road. Carl Raff and Dave Williams of Business Enhancement Associates will present “Common Pitfalls Small Businesses Can Avoid in Order to Stay Afloat.” To register, e-mail Sally Baker Brenner at andre@smallbusinesschamber.com.

more events »

STATE LEGISLATURE

Marsh, Cobb Almost Equal in Spending for House Bid

SHELBYVILLE, Tenn. (AP) - The two major candidates in a special election to fill a key vacancy in the state House have nearly matched each other in campaign spending so far.

STATEWIDE

Hearing on Foreign Nuke Waste Ban Bill is Set

SALT LAKE CITY (AP) - A hearing on a bill to ban the importation of foreign nuclear waste has been set for Tuesday in Washington, D.C.

Supreme Court Refuses to Hear Flag Petition

MARYVILLE, Tenn. (AP) – The legal battle over a ban on the Confederate flag at one East Tennessee high school is over.

NATIONAL BUSINESS

Grocer Kroger Cranks Up Food Manufacturing

SPRINGDALE, Ohio (AP) - Ice cream swooshes out of metal nozzles and swirls into 38,000 "party pails" per day here, one of many ways Kroger Co. is using its massive manufacturing capability to feed growing demand for low-priced store brands.

Consumers Cut Borrowing by $12B in August

WASHINGTON (AP) - Consumers reduced their borrowing for the seventh straight month in August, as households worked to pay off debt and banks reduced credit card limits.

FDIC Sells Stake in Corus Bank Assets

WASHINGTON (AP) - The Federal Deposit Insurance Corp. has agreed to sell a 40 percent stake in a portfolio of Corus Bank assets for $554.4 million to a private-equity consortium led by Starwood Capital Group.

NATIONAL POLITICS

Court Hears Arguments About Cross on Parkland

WASHINGTON (AP) – The U.S. Supreme Court appeared divided between conservatives and liberals Wednesday over whether a cross on federal parkland in California violates the U.S. Constitution.

Democrats Defeat GOP Attempt to Remove Rangel

WASHINGTON (AP) - House Republicans failed Wednesday for a third time to oust Rep. Charles Rangel as chairman of the tax-writing Ways and Means Committee, but they kept the political spotlight on his ethical problems.

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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.