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VOL. 123 | NO. 215 | Monday, November 3, 2008

Real Estate Investor Finds Gold in Arkansas Land

As homebuilders and developers scramble to adapt to the sagging real estate market, Jeff Barry, owner of Memphis-based Barry Properties LLC, knows he was fortunate enough to find a niche seemingly impervious to the downturn.

Local Managers Keep Stake In Longleaf Funds

“When the seas are roughest, a conservative appraisal is our anchor against fear.”

Employment Costs Post Modest Q3 Gain

WASHINGTON (AP) – Wages and benefits paid to U.S. workers rose by a moderate amount in the third quarter, the government reported Friday, matching analysts’ estimates.

Spending Drops While Incomes Slow

WASHINGTON (AP) – Consumer spending in the United States dropped in September by the largest amount in four years, while incomes suffered because of Hurricane Ike.

Gusmus to Lead FTN Financial

Gusmus moved into the role of interim president at FTN Financial a little more than two months ago following the departure of former FTN Financial president Mark Medford.

Local Weather
Currently
Memphis, TN
72.0°F
Mostly Cloudy
Wind: from the South at 17.3 gusting to 27.6 mph
Humidity: 57%

EVENTS

Memphis Light, Gas and Water Division will host The Business of Being a Church Conference Nov. 14 from 9 a.m. to 2:15 p.m. at MLGW’s Training and Development Center, 4949 Raleigh-LaGrange Road. Registration is $5 per person and the deadline is today. For more information or to register, call 528-4322 or visit the upcoming events section of www.mlgw.com.

more events »

Gallery Owner Prices Art For All Collectors During Downturn

Sometimes a gesture of goodwill can bring unexpected rewards.

Bernanke Explores Options for Housing Finance

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke said Friday that the housing finance system being constructed following the collapse of the current system will need better safeguards to allow it to function during times of stress.

Bank Sues Tenn. Congressional Candidate for $1.8M

NASHVILLE, Tenn. (AP) - Republican congressional candidate Monty J. Lankford and his medical equipment company are being sued for $1.8 million for what a Tennessee bank calls fraudulent practices.

Weyerhaeuser Q3 Up on Sale Gains, Warns on Q4

FEDERAL WAY, Wash. (AP) - Weyerhaeuser Co. said Friday its third-quarter profit nearly tripled on hefty gains from the August sale of its $6 billion packaging business. But sales tumbled 37 percent and the timber and pulp company warned of continued challenges in the fourth quarter.

Wicker Warns of Democratic Gains in Senate

JACKSON, Miss. (AP) - Republican U.S. Sen. Roger Wicker told members of Mississippi's business community he needs their help to keep Democrats from gaining more ground on Capitol Hill.

Passenger Trains Gain Favor with Public, Congress

WASHINGTON (AP) - After half a century as more of a curiosity than a convenience, passenger trains are getting back on track in some parts of the country.

Auto Industry Girds for Another Weak Sales Month

NEW YORK (AP) - The auto industry is preparing to report yet another month of rapidly slowing sales – possibly the worst in decades – as the same toxic combination of the credit crunch and the careening economy continue to keep consumers away from dealerships.

Jobless in Tennessee

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 0 8,303 8,303
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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