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VOL. 125 | NO. 221 | Friday, November 12, 2010

MPD Nears Goal With 13 New Officers

Memphis Police Director Larry Godwin will get all 50 of his new police officers courtesy of federal stimulus funding still in the pipeline.

Prime Time Dining

Restaurants gear up for Downtown Dining Week

The week before Thanksgiving is a pretty quiet week in the restaurant business. People are gearing up for the holidays. They’re preparing for company or for travel – their minds aren’t on going out to eat.

Davis-Kidd Parent Co. Files for Bankruptcy

The Joseph-Beth Group, the parent company of Davis-Kidd Booksellers, has filed for Chapter 11 bankruptcy.

Calif. Investor Buys Midtown Apartments

A vintage apartment complex in Midtown is under new ownership.

Motion to Dismiss Election Count Suit Filed

Attorneys for the Tennessee attorney general, the Tennessee secretary of state and the Shelby County Election Commission have followed through on their earlier pledge to seek dismissal of the federal lawsuit challenging the way votes were counted in the Nov. 2 consolidation referendum.

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

EVENTS

The Center City Development Corp. will hold a policy review committee meeting Friday at 9 a.m. at 114 N. Main St. For more information, call 575-0552.

more events »

Register’s Office Unearths Historic Paper Gems

Tom Leatherwood’s official job title is Shelby County’s register of deeds.

Attorneys Bring ‘Wealth of Experience’ to Classroom

With a collective 126 years of working legal knowledge among them, three of the top lawyers in the city are pleased to be sharing their experiences with students at the University of Memphis Cecil C. Humphreys School of Law.

Convention Center Chooses CVB Bid

Sometime before the end of the year, the Memphis Cook Convention Center board and the Memphis Convention and Visitors Bureau hope to come to terms on a contract for the CVB to run the convention center.

Playback Memphis Taps Into City’s Narrative

As a well-traveled Memphian, Virginia Murphy believes her hometown has a story to tell.

Wilford Zeroes in on Property Management with Loeb

Bradley Wilford knew from a young age that he wanted to work in the real estate industry, although he saw himself as more of a general contractor.

Keedoozle of a Story

Clarence Saunders was all that and a bag of groceries.

Planning for Success

Editor’s Note: Part One of a Two-Part Series

MEMPHIS AREA

State Rep. Ulysses Jones Funeral Set for Monday

NASHVILLE — A funeral service for state Rep. Ulysses Jones Jr. will be held Monday in Memphis.

FedEx Expects 16 Million Shipments on Busiest Day

FedEx expects to move nearly 16 million packages on its busiest day this year, Dec. 13. The prediction is FedEx's highest ever for a single day and 11 percent higher than last year.

STATEWIDE

TVA Moves Toward Developing Smaller Nuclear Plants

CHATTANOOGA (AP) — The Tennessee Valley Authority has advised nuclear regulators that the utility wants to potentially begin using new and smaller nuclear reactors by 2020.

Whirlpool Corp. Breaks Ground for E. Tenn Plant

CLEVELAND, Tenn. (AP) Whirlpool Corp. has broken ground on a $120 cooking appliance plant and distribution center in Cleveland, a project expected to create 130 new jobs in the East Tennessee community.

REGIONAL

Cadence Post Narrows Q3 Loss to $7.5M

STARKVILLE, Miss. (AP) Cadence Financial Corp., parent of Cadence Bank, has reported a net loss of $7.5 million, or 63 cents per share, for the third quarter ended Sept. 30.

REAL ESTATE

Mortgage Rates Fall to Fresh Lows This Week

NEW YORK (AP) – Rates on fixed mortgages dropped to their lowest levels in decades this week after the Federal Reserve unveiled a massive bond-buying program to help spur economic growth.

Median Home Prices up for Q3 in Half of US Cities

NEW YORK (AP) – Home prices edged up in just half of U.S. cities in the third quarter as the weak economy dulled buyer interest.

NATIONAL BUSINESS

Wal-Mart Offering Free Shipping for Online Buys

NEW YORK (AP)Wal-Mart Stores Inc. is going for the jugular in the holiday retailing war, announcing Thursday that it will offer free shipping on nearly 60,000 online items – with no minimum purchase requirement.

Kmart Offers In-Store Pickup for Online Purchases

HOFFMAN ESTATES, Ill. (AP) – Retailer Kmart is letting customers who buy items online pick up their purchases on the same day at more than 600 locations.

Walgreen Recommends Against Unsolicited Offer

DEERFIELD, Ill. (AP) Walgreen Co. said Wednesday it is recommending that shareholders do not endorse an unsolicited offer from TRC Capital Corp. to buy up to 3 million shares of the drug store chain at $33 apiece.

CB Richard Ellis Refinances $650M in Debt

LOS ANGELES (AP)CB Richard Ellis Group Inc. said Thursday it has lined up $1.5 billion in new credit and refinanced $650 million in debt under its credit agreement.

NATIONAL POLITICS

Commission Leaders Say Cutting Deficit Will Hurt

WASHINGTON (AP) – Voters who demanded Washington rein in the nation's spiraling debt are getting a message from President Barack Obama and leaders of his deficit commission: It'll hurt.

Obama: Cutting Deficit Will Take Tough Decisions

SEOUL, South Korea (AP) — President Barack Obama says reducing the nation's deficit will require politicians to make tough decisions and tell the truth to the American people.

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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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The Memphis News: Business, politics, and the public interest.