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VOL. 125 | NO. 219 | Wednesday, November 10, 2010

Pinnacle Reports $9.4M Profit in Q3

Pinnacle Airlines Corp. on Tuesday reported a net income of $9.4 million during the third quarter excluding special items, a 29 percent increase from the same quarter a year ago.

Technological Tactics

Real Time Crime Center helps MPD combat crime

The sensory system that reports information to the brain center for the Memphis Police Department’s Blue CRUSH initiative is about to be upgraded with new tools.

Center City OKs Pyramid Financing

At the city of Memphis’ request, the Center City Revenue Finance Corp. Tuesday morning decided to issue up to $125 million in bonds to redevelop The Pyramid arena and surrounding Pinch District.

City Anti Discrimination Ordinance Clears First Reading

Memphis city council members approved an anti-discrimination ordinance on the first of three readings Tuesday. And they requested a study of city hiring policies to determine if there is discrimination in city government hiring practices.

State Rep. Jones Dies

Veteran state Rep. Ulysses Jones Jr. of Memphis has died. Details of his death early Tuesday were not immediately available. His death was confirmed by legislative colleague and fellow firefighter Larry Miller.

Local Weather
Currently
Memphis, TN
86.0°F
Partly Cloudy
Wind: North at 6.9 mph
Humidity: 51%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop Wednesday from 8:30 a.m. to 3:30 p.m. at its office, 5100 Poplar Ave., suite 502. Judith Millesen, associate professor at Ohio University, will speak on the topic “Fundamentals of Board Governance.” Cost is $99 for members, $150 for nonmembers and $89 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

GTx Cuts Loss, Gets More Capital

Memphis-based GTx Inc. completed its public offering of additional stock with help from another major investment by Joseph R. “Pitt” Hyde III.

Survey Will Help Map Artists’ Needs

A project that could put the “finishing touch” on development in the South Main Historic Arts District takes a step forward this week.

Commission Delays Major IDB Changes

Companies getting tax breaks from the Memphis-Shelby County Industrial Development Board (IDB) will make an annual report to the IDB instead of quarterly reports.

Council Hears Wharton’s MCS Funding Plan

Memphis Mayor A C Wharton Jr. pitched the general outline of an eight-year $55 million payout to Memphis City Schools to City Council members Tuesday afternoon.

Petty Joins Phoenix Power Group

Doug Petty has joined Phoenix Power Group as the new vice president of sales and marketing.

Post-Election Economic Outlook Encouraging

Election Wrap-Up

Training for Superhero Characteristics

I venture to say no manager would believe their employees would do what I’m about to describe. But they did.

NATIONAL BUSINESS

Wholesale Inventories and Sales Rise in September

WASHINGTON (AP) – Inventories held at the wholesale level rose for a ninth consecutive month in September while sales rose for a third month, encouraging signs that the economic expansion will continue.

Job Openings Drop for Second Straight Month

WASHINGTON (AP) – Job openings dropped sharply in September, a sign that hiring is likely to remain weak over the next several months.

WaMu Securities Holders Promise Bankruptcy Fight

WILMINGTON, Del. (AP) – Investors who purchased $1 billion in Washington Mutual Inc. securities are vowing a fight as the company seeks approval of its bankruptcy reorganization plan.

NATIONAL POLITICS

Court Hears Dispute Over Sales Tax on "Free" Phone

WASHINGTON (AP) – The Supreme Court seemed wary about a business-backed challenge that could make it almost impossible for consumers to band together to make claims against their cell phone carriers, cable providers and credit card companies.

White House Unveils Home Energy Efficiency Program

WASHINGTON (AP) – The White House unveiled a new "Home Energy Score" federal program Tuesday that will allow people to determine how energy-efficient their homes are.

Dem, GOP Lawmakers Vow to Spare Millions From AMT

WASHINGTON (AP) – Leaders from both parties in Congress vowed Tuesday to spare more than 21 million taxpayers from significant tax increases when they file their returns next spring by adjusting the alternative minimum tax before the end of the year.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 77 286 16,478
MORTGAGES 95 347 19,032
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 569 33,695
BANKRUPTCIES 59 183 10,920
BUSINESS LICENSES 20 77 5,275
UTILITY CONNECTIONS 0 102 11,446
MARRIAGE LICENSES 27 97 3,964

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