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VOL. 123 | NO. 227 | Wednesday, November 19, 2008

Stretch In MPD Residency Requirement Rejected By Council On 6-7 Vote

Lowery Is Council Chairman For 2009

The 6-to-7 council vote rejected a resolution which would have allowed the police department to hire applicants who live within 20 miles of Shelby County.

Chumney Chimes in on Mayor’s Race

The next Memphis mayor’s race is still three years away, but the electoral battle lines are already being drawn.

Retail Clinics Continue Rise In Memphis Market

Walgreens has gotten a jump-start on retail clinics in the Memphis market, but more chain stores are likely to begin offering the service, which has its fans and critics.

Courtyard Hotel Construction Picks Up for ’09 Opening

The area surrounding North Main Street and Jefferson Avenue just got busier as construction finally started on the eight-story, 131-room Courtyard by Marriott hotel at the intersection’s southwest corner, on the edge of historic Court Square.

Bass Pro Deal Trundles On

The same team that negotiated the development agreement with Bass Pro Shops will do the talking for city and county governments on a lease of The Pyramid to the fishing and hunting retailer.

Local Weather
Currently
Memphis, TN
79.0°F
Fair
Wind: Southeast at 4.6 mph
Humidity: 72%

EVENTS

The Memphis Regional Chamber will hold a breakfast forum today from 7:30 a.m. to 9 a.m. in the Memphis Cook Convention Center, 255 N. Main St. Steve Ehrhart, executive director of the AutoZone Liberty Bowl, will speak. The event is $20 for members and $30 for prospective members. For reservations, contact Ericka Milford at emilford@memphischamber.com or 543-3518.

more events »

Medtronic Q2 Profit Sinks On Hefty Legal Charge

WASHINGTON (AP)Medtronic Inc., the world’s largest medical device maker, reported Tuesday that legal expenses and declining foreign exchange rates weighed down its fiscal 2009 second-quarter profit.

Paulson, Bernanke Defend $700 Billion Bailout

WASHINGTON (AP) – Treasury Secretary Henry Paulson expressed fresh reservations Tuesday about tapping a $700 billion bailout pool to provide mortgage guarantees to help stem soaring U.S. home foreclosures.

Boyle’s Halperin Receives Realtors Commercial Alliance Award

Mark Halperin of Boyle Investment Co. has received the 2008 Realtors Commercial Alliance National Award from the Realtors Commercial Alliance.

Congress' Democratic Leaders Support Loan Plan

WASHINGTON (AP) - Democratic leaders in Congress on Tuesday threw their weight behind a proposal to use $24 billion in government funds to help struggling borrowers, a move opposed by the Bush administration.

US Rep. John Tanner Leads NATO Legislators Group

NASHVILLE, Tenn. (AP) - U.S. Rep. John Tanner has been elected president of the NATO Parliamentary Assembly, an organization made up of legislators from all 26 member nations.

Homebuilder Sentiment Index Plunges to Record Low

LOS ANGELES (AP) - The National Association of Home Builders says its housing market index plunged to another record low this month as the U.S. financial crisis, rising unemployment and swelling uncertainty over the economy shook builders' confidence about the prospect for a housing recovery.

Big Three Automakers Beg for $25 Billion Lifeline

WASHINGTON (AP) - Detroit's Big Three automakers pleaded with Congress on Tuesday for a $25 billion lifeline to save their once-proud companies from collapse, warning of broader peril for the national economy as well.

Study Puts a Total on Diabetes Cost: $218 Billion

TRENTON, N.J. (AP) - As diabetes is rapidly becoming one of the world's most common diseases, its financial cost is mounting, too, to well over $200 billion a year in the U.S. alone.

Bush Trying Again to Stem Holiday Flight Delays

WASHINGTON (AP) - Anticipating another holiday travel crunch, President Bush said on Tuesday that his administration was taking steps to prevent frustrating flight delays during the busy Thanksgiving and Christmas holiday seasons.

Home Depot Q3 Profit Falls 31 Percent

CHICAGO (AP) - The Home Depot Inc., the nation's largest home improvement chain, said Tuesday that its third-quarter profit sank by nearly a third as shoppers scaled back on everything from custom kitchens to lumber and flooring.

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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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