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VOL. 126 | NO. 220 | Thursday, November 10, 2011

Delta to Close Memphis Base For Some Pilots in 2012

The Memphis base for Delta Air Lines pilots flying McDonnell Douglas DC-9 and Airbus A320 aircraft will be closed in December 2012, according to an announcement from the airline’s flight operations department.

Isom Indicted In Chancery Clerk Probe

A federal grand jury has indicted a second person in the criminal investigation of more than $1 million taken from delinquent tax property sale accounts at the Chancery Court Clerk’s office.

The Right Fit

Pure Barre owners find East Memphis locale better suited to demand

In just over a year, national fitness craze Pure Barre Technique has taken the Memphis market by storm.

NTSB Orders Pinnacle to Turn Over Records on Pilot

WASHINGTON (AP) – Federal accident investigators are ordering a regional air carrier to turn over previously withheld records regarding the qualifications of the pilots involved in a deadly 2009 air crash.

Strip Club Beer Ban Takes Effect Jan. 1

The beer comes off the tables at the eight strip clubs in Memphis starting Jan. 1.

Local Weather
Currently
Memphis, TN
89.0°F
A Few Clouds
Wind: East at 9.2 mph
Humidity: 42%

EVENTS

The Small Business Chamber will hold a power lunch forum featuring Jay Myers of Interactive Solutions speaking on the topic “The Entrepreneurial Mindset” Thursday, Nov. 10, from 11:30 a.m. to 1 p.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Sally Baker Brenner at 748-8889 or visit www.smallbusinesschamber.com.

more events »

Voters Decide District 7 Runoff Thursday

Voters in Memphis City Council District 7 on Thursday, Nov. 10, will settle the last election of 2011 as they select the only new member of the 13-member council.

Distinctions, Honors Roll In for Glankler Brown

A lot has been going on over the last few months at Glankler Brown PLLC – one of the largest law firms in the city.

Penny Takes Basketball Dream to Cordova

The name is in place and so is the site, but the timetable and all the partners are not. Penny Hardaway’s FastBreak Courts, it was formally announced Tuesday, Nov. 8, at Gameday Sports Park in Cordova, will be built on Fischer Steel Road just across from the popular baseball complex.

Game Nice Diversion From NBA Labor Woes

If NBA labor negotiations could mirror the action on the court during Rudy Gay’s Charity All-Star Game Tuesday, Nov. 8, at the DeSoto Civic Center, solving the league’s lockout would be an uncontested slam dunk.

City’s Story Recounted in ‘Memphis 101’

A cross-section of native Memphians and Memphians by choice spent the afternoon of Tuesday, Nov. 9, exploring the stories that shaped the city during “Memphis 101,” a free, public event held biannually at the Benjamin L. Hooks Central Library.

New Magazine Highlights Black Biz Leaders

A new magazine aimed at the black business community makes its debut at the end of this month as part of the Tri-State Defender newspaper.

Wharton Leads MED’s Legal Team During Turnaround

Monica Wharton, senior vice president and chief legal officer and general counsel at the Regional Medical Center at Memphis, is taking care of business since being recruited by the hospital in 2008 to lead its legal team. She was on board during a transitional period for The MED, which was in poor financial health.

LOCAL COLUMNISTS

Control What You Can When Investing

Ray’s Take: Somedays the financial markets seem out of control. The truth is this: Financial markets are always out of your control. You can’t make them go up or down, and you can’t time your stock purchases to assure a good return on your investment.

Baseball Players: Chew on This

“Senators urge baseball players to chew on smokeless tobacco ban,” the headline read “Chew.” Get it? I mean don’t get it. Don’t use tobacco, please. Smokeless or the other kind. From a health perspective, it’s not worth it.

Hire Professionals to Avoid Missed Opportunities

As I explained a flow chart demonstrating how to restructure a client’s operations to minimize the foreign tax, regulatory and other expenses tied to its international expansion, the chief financial officer asked, “Where on that flowchart does the sale to the customer occur?” Obviously, I omitted that small and, at the time, seemingly insignificant step from the presentation. My flowchart and focus were on the inner workings of the organization after the sale occurred. Smiling, he went on to make a statement that immediately imprinted in my memory and forever changed my approach to the practice of law: “Remember, nothing good happens in business until someone sells something to someone else.”

STATEWIDE

Tenn. Revenues Beat 1st-Quarter Projection by $57M

NASHVILLE (AP) – Tennessee's sales tax revenues grew 6.5 percent in the first quarter of the budget year, and general fund collections have come in at $57 million above projections.

STATE LEGISLATURE

Camper to Attend White House Leadership Conference

NASHVILLE (AP) – Tennessee Democratic Rep. Karen Camper of Memphis has been selected to attend a leadership conference at the White House.

NATIONAL BUSINESS

Macy's Q3 Earnings Rise; Raises Outlook

NEW YORK (AP) – Macy's Inc.'s net income surged in the third quarter as the department store chain benefited from tailoring its merchandise to local markets.

NATIONAL POLITICS

Bernanke Urges Banks to Help Small Businesses

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke said Wednesday that small businesses are still struggling to get loans more than two years after the recession ended. He said that banks could help them by easing overly tight lending standards.

Democrats Dismiss GOP Deficit Offer

WASHINGTON (AP) – Members of a special deficit-cutting panel are getting renewed encouragement from their colleagues even as they remain far apart on taxes and cuts to so-called entitlement programs like Medicare.

Bernanke Shows Fed's Independence With Texas Trip

WASHINGTON (AP) – A town hall meeting with Ben Bernanke and a group of military families discussing family finances wouldn't normally draw much notice.

Obama Donor Discussed Solar Loan With White House

WASHINGTON (AP) – Emails released by a House committee appear to show that a major donor to President Barack Obama's 2008 campaign discussed with White House officials a federal loan to a failed California solar company. That's despite repeated assurances by Obama administration officials that the donor, George Kaiser, didn't discuss the loan with the White House.

Highway Overhaul Gaining Bipartisan Momentum

WASHINGTON (AP) – A Senate panel cleared legislation Wednesday overhauling federal highway programs, prompting lawmakers to talk of a looming bipartisan consensus that would end years of stalemate on repairing and expanding an aging transportation network.

REAL ESTATE

Fannie Mae Loss Widens, Asks Taxpayers for $7.8B

WASHINGTON (AP) – Mortgage giant Fannie Mae is asking the federal government for $7.8 billion in aid to cover its losses in the July-September quarter.

Median Home Prices Fall for Q3 in Most US Cities

WASHINGTON (AP) – Home prices dropped in nearly three quarters of U.S. cities over the summer, dragged down by a decline in buyer interest and a high number of foreclosures.

TECHNOLOGY

Cable Cos. to Offer $9.95 Broadband for Poor Homes

NEW YORK (AP) – Cable companies said Wednesday that they will offer Internet service for $9.95 per month to homes with children that are eligible for free school lunches.

Adobe Backs Off on Flash for Mobile Browsers

NEW YORK (AP)Adobe Systems Inc. is pulling its Flash software for Web video and games from the browsers of mobile devices, though Flash will still work on mobile apps and on the Web browsers of regular computers.

US Charges 7 in Internet Ad Fraud Case

NEW YORK (AP) – Internet bandits devised an international scheme to hijack more than 4 million computers in more than 100 countries, manipulating traffic on Netflix, the U.S. Internal Revenue Service and other popular websites to generate at least $14 million in fraudulent advertising revenue, federal prosecutors said Wednesday.

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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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