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VOL. 124 | NO. 229 | Friday, November 20, 2009

Memphis Companies Tap Into Renewable Energy Sources

From solar power to wind power, from hybrid automotive technology to geothermal engineering, Memphis companies large and small are tapping into renewable energy.

Bioeconomy Could Be Next Local Green Wave

Whatever successes Memphis has achieved throughout history usually occurred when the city took advantage of its natural assets.

Work Force Development, Bridging Technologies At Heart of Gir’s Biofuel Work

Earmarks are hot-button issues in today’s political landscape, but University of Memphis engineering professor Dr. Srikant Gir wants everyone to know that the $500,000 grant he received for the research and development of a biofuel initiative will have a broad impact.

Judge Strikes Down Tenn. Guns-in-Bars Law

NASHVILLE, Tenn. (AP) - A judge ruled today that a new law allowing handguns in Tennessee bars and restaurants is unconstitutional.

Wharton Preps For Gun Violence Focus

By now, it should be apparent newly-minted Memphis Mayor A C Wharton Jr. has a lot on his plate.

Local Weather
Currently
Memphis, TN
39.0°F
A Few Clouds
Wind: South at 6.9 mph
Humidity: 62%

EVENTS

The Memphis Chapter of the Institute of Management Accountants will host a meeting with the Tennessee Society of CPAs today from 8 a.m. to 5 p.m. at the University of Memphis Fogelman Executive Center, 330 Innovation Drive. The meeting is open to the public. To register, visit www.imamemphis.org.

more events »

Oct. Cargo Numbers Give Airport Good News

October brought a mix of good and bad news for Memphis International Airport, which saw passenger traffic decline but cargo counts improve.

MED CEO Finalists Question Hospital’s Board

Comments about “getting rid of the board over at The MED” made by Shelby County Mayor-elect Joe Ford shortly after being chosen for the post Tuesday caused some awkward moments the next day when hospital members interviewed candidates to lead the Regional Medical Center at Memphis.

STATEWIDE

Tenn. Unemployment Rate Remains at 10.5 Percent

NASHVILLE, Tenn. (AP) - The Tennessee Department of Labor and Workforce Development reports the state's unemployment rate remained at 10.5 percent for the second straight month in October.

Economy, Ash Spill Mean No TVA Executive Bonuses

KNOXVILLE, Tenn. (AP) - Tennessee Valley Authority's top executives were told Thursday during a meeting in Kentucky not to expect performance bonuses this year because of a drop in electricity sales due to the poor economy and the massive coal ash spill at the Kingston plant in Tennessee.

Gibson CEO Leaves Rainforest Group after Raid

NASHVILLE, Tenn. (AP) - The top executive of Gibson Guitar Corp. is taking a leave of absence from the board of an environmental group amid concerns about the source of the harvested wood used for instruments.

REGIONAL

Ark. Retirement System Records Gains During Quarter

LITTLE ROCK, Ark. (AP) - The rising stock market has raised the value of the Arkansas Public Retirement System's investments.

Miss. District Seeks to Keep Student Suspended

JACKSON, Miss. (AP) - The DeSoto County Public School District has asked a federal judge to reject the ACLU's request to lift the indefinite suspension of a student who was accused of using gang signs during a school assembly.

NATIONAL BUSINESS

Economic Reports Dampen Recovery Expectations

WASHINGTON (AP) – A gauge of future U.S. economic activity and a report on unemployment benefits signaled Thursday that the recovery likely will remain weak in the coming months.

Geithner: Some Bailout Funds to Help Lower Debt

WASHINGTON (AP) - U.S. Treasury Secretary Timothy Geithner said Thursday the government's $700 billion bailout program will end "as soon as we can," and that part of it will be used to lower the soaring federal debt.

Dollar Gains as Homeowners, Job-Seekers Struggle

NEW YORK (AP) - The dollar's appeal as a safe haven sent it higher Thursday after reports on housing and unemployment raised fears that the economy will be weak next year.

HEALTH CARE

Senate Girds for Historic Debate on Health Bill

WASHINGTON (AP) - Congressional budget crunchers said Thursday the Democrats' latest health care plan would hold down federal red ink for at least 20 years, an assessment that gave supporters hope as the Senate moved gingerly toward a historic debate.

REAL ESTATE

Foreclosures Hit More Prime Borrowers

WASHINGTON (AP) – A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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