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VOL. 130 | NO. 196 | Thursday, October 8, 2015

Historic Clayborn Temple to be Restored

Clayborn Temple, the home base for the sanitation worker strikes of 1968, is on its way to restoration after decades of neglect and four years on the market. Nonprofit Neighborhood Preservation Inc. is taking over what is expected to be a multimillion-dollar project to return the church to religious, educational and community uses.

Commercial Appeal Parent Company Sold to Gannett

Only a few months after The Commercial Appeal got a new corporate parent – Journal Media Group – the Memphis daily is set to get another.

AutoZone Increases Share Buyback, Announces Executive Changes

AutoZone is adding another $750 million to its ongoing share buyback program, the Memphis-based car parts retailer announced after market close on Wednesday, Oct. 7.

Fred Smith: Expect More M&A

FedEx Corp. president and CEO Fred Smith made a rare public appearance Wednesday, Oct. 7, to talk about the global trading economy and the future of the logistics industry.

Mixed-Use Midtown Market on Tap for Long-Vacant Corner

Rumors and speculation have long run rampant about potential development at the southwest corner of Union Avenue and McLean Boulevard, one of Memphis’ busiest intersections.

Local Weather
Currently
Memphis, TN
90.0°F
A Few Clouds
Wind: Northeast at 5.8 mph
Humidity: 44%

EVENTS

Central Defense Staffing will host a recruitment event Thursday, Oct. 8, from 9 a.m. to 2 p.m. at Crowne Plaza Memphis East, 2625 Thousand Oaks Blvd. CDS is seeking to fill hundreds of open positions for large industrial accounts in Memphis and the area. For details on available positions, call 901-473-6385.

more events »

Shelby County Home Sales Slip, Construction Sees Boost

September real estate slumped in Shelby County, but according to real estate professionals, it’s nothing they haven’t seen before.

Mortgage Market Slips 3 Percent in September

Though it’s been on a tear this year as rates have stayed low and supply remained somewhat thin, the Memphis-area mortgage market cooled a bit as the third quarter drew to a close.

Election Day Beckons In Hard-Fought Memphis Mayor’s Race

The most competitive Memphis mayor’s race in 24 years goes to the city’s 403,227 voters Thursday, Oct. 8, along with races for all 13 seats on the Memphis City Council and the race for City Court clerk.

Fuente: AAC Shouldn’t be Shy About Accomplishments

Virginia Tech, Penn State, Louisville, Miami (Fla.) and Kansas all know the feeling. They are Power Five schools that this season have lost to American Athletic Conference teams. But even beyond the victories, the AAC’s teams draw attention for close losses. East Carolina, which defeated Virginia Tech, only lost by a touchdown to Florida.

Council Stirs Raleigh Springs Mall Project

The city’s Raleigh Springs Mall project moved just a bit at the last Memphis City Council meeting before Thursday’s city elections.

LOCAL COLUMNISTS

Autopilot For Faster Accumulation

Ray’s Take Out-of-sight, out-of-mind saving and investing is a great way to increase your money.

One for the Quipper

For the guy who said, “It ain’t over ‘til it’s over,” … it’s over. Yogi Berra – catcher, coach, manager and quip-coining character extraordinaire – died Sept. 22 of natural causes. He was 90 years old.

A September to Forget

September typically delivers negative performance, and this September was no exception. September’s poor performance punctuated a dismal third quarter. Using MSCI stock indices, the USA, Europe and the emerging markets fell 7 percent, 9 percent and 18 percent respectively. Feeling down? You are not alone…

STATE GOVERNMENT

Vote on Loosening Emissions Testing Awaits Tenn. Lawmakers

NASHVILLE, Tenn. (AP) — Tennessee lawmakers are set to vote on loosening vehicle emissions testing requirements as soon as they return in January, undeterred by Volkswagen's recent admission that it had been gaming the tests already in place.

Haslam: Long-term Plan Needed for Road Project Backlog

MURFREESBORO, Tenn. (AP) — Gov. Bill Haslam said Tuesday that a long-term revenue plan is needed to address Tennessee's growing list of unfunded road projects, and that one-time money won't fix the problem.

NATIONAL BUSINESS

US Consumer Borrowing Climbs to New Record in August

WASHINGTON (AP) — U.S. consumer borrowing advanced at a solid pace in August, as Americans took out more auto and student loans.

Monsanto to Eliminate 2,600 Jobs, Posts 4Q Loss

WASHINGTON (AP) Monsanto Co. said Wednesday it will eliminate 2,600 jobs as part of a cost-saving plan designed to deal with falling sales of its biotech seeds and herbicides, which pushed its quarterly losses deeper into the red.

TECHNOLOGY

Google is Latest Tech Giant to Claim Space in Mobile News

NEW YORK (AP) — Technology giants including Apple, Facebook, Snapchat and now Google want to take charge of how we get and see news on our phones.

NATIONAL GOVERNMENT

Government Tests Technology to Find Illegal Drone Operators

WASHINGTON (AP) — The Federal Aviation Administration has signed an agreement to test technology that could locate the operators of small drones that are flying illegally near airports, as the government tries to crack down on near-collisions with manned aircraft.

EDUCATION

For 1st Time, MIT's Free Online Classes Can Lead to Degree

CAMBRIDGE, Mass. (AP) — The Massachusetts Institute of Technology has offered free online courses for the last four years with one major downside: They didn't count toward a degree. That's about to change.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 312 16,192
MORTGAGES 0 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 655 33,126
BANKRUPTCIES 0 237 10,737
BUSINESS LICENSES 0 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 0 94 3,867

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