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VOL. 126 | NO. 219 | Wednesday, November 9, 2011

Memphis Co. Wins $15M to Develop Drug

RxBio Inc., an early-stage biopharmaceutical company formed around technology developed at the University of Tennessee Health Science Center, has been awarded a $15 million federal contract to further develop Rx100, a potent drug that may protect against the lethal effects of radiation exposure.

‘Picture Book’ Setting

Hope House preschoolers return after daycare renovation

Going to daycare means going “home” for the preschoolers of Hope House, thanks to an extensive renovation meant to preserve its home-like atmosphere.

At Least 3 Injured in STCC Explosion

Two students at Southwest Tennessee Community College were burned and a teacher was cut by glass shards Wednesday, Nov. 9, when a chemical mixture exploded in a chemistry lab on the Union Avenue campus.

International Paper Prices $1.5B Debt Offering

MEMPHIS (AP)International Paper Co. said Tuesday it priced a sale of $1.5 billion in debt to help pay for its acquisition of competitor Temple-Inland Inc.

Home Sales Up 2 Percent For October

October home sales in Shelby County inched 2 percent higher compared to the same month a year ago, marking the fourth consecutive month with year-over-year improvement.

Local Weather
Currently
Memphis, TN
54.0°F
Mostly Cloudy
Wind: Southwest at 6.9 mph
Humidity: 34%

EVENTS

Talk Shoppe will present “Revocable Living Trust – Death to Probate” Wednesday, Nov. 9, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

Housing Improves In Outlying Counties

Fayette and Tipton counties boasted immense home sales improvements in October compared to the same month a year ago.

Memphis Churches, Org. Unite to Fight AIDS

As communities around the world prepare to observe World AIDS Day on Dec. 1, Memphis area faith leaders are joining forces with the Memphis Ryan White Program in a show of support for the more than 7,000 men, women and children in Shelby County who are living with HIV/AIDS, almost half of whom are not receiving the care they need.

Jazz Orchestra Swings Into Calvary and the Arts Concert

The Memphis Jazz Orchestra’s date at the annual Calvary and the Arts series usually falls the same week as Veterans Day.

Cordova Hastings Store to Close

Entertainment retailer Hastings Entertainment has operated a store in Cordova for the last four years.

MATA Takes Proposed Bus Route Changes to Public

Memphis Area Transit Authority officials formally opened the new Airways Transit Center Tuesday, Nov. 8, the same week consultants are hearing from the public about several options to change the MATA route system as well as the week a fare increase goes into effect.

Millington Board to Pick New Mayor

The Millington Board of Aldermen will select the next mayor of the city in February or March following the retirement of Mayor Richard Hodges on Jan. 13.

Massey Joins OrthoMemphis, Continues Family Tradition

Dr. Matthew Bradley Massey has joined OrthoMemphis and will his focus his practice on musculoskeletal problems of the foot, ankle and knee.

LOCAL COLUMNISTS

Master The Business Lunch To Connect

The art of the successful business lunch is no longer a skill common to most salespeople. Master this skill to differentiate yourself and your company in the marketplace. Call it old school, but the bottom line is this strategy still works.

STATEWIDE

2 Courts Back TDOT Suspension of 2 Contractors

NASHVILLE (AP) – Two courts in Nashville have backed a decision by state transportation officials to bar two guardrail companies that were implicated in corruption investigations from bidding on projects.

NATIONAL BUSINESS

Employers Post Most Job Openings in 3 Years

WASHINGTON (AP) – Employers advertised more jobs in September than at any other point in the past three years. The increase suggests hiring could pick up in the next few months.

Wells Fargo Agrees to Pay $37M in Bid-Rigging Case

DES MOINES, Iowa (AP)Wells Fargo & Co. said Tuesday it has agreed to pay at least $37 million in a lawsuit which alleges several banks rigged bidding competitions to win business from state and local governments.

NATIONAL POLITICS

High Court Troubled by Warrantless GPS Tracking

WASHINGTON (AP) – The Supreme Court invoked visions of an all-seeing Big Brother and satellites watching us from above. Then things got personal Tuesday when the justices were told police could slap GPS devices on their cars and track their movements, without asking a judge for advance approval.

Congress Sputters on Deficit Cuts, Spending Bills

WASHINGTON (AP) – A sputtering Congress enveloped in an atmosphere poisoned with politics and distrust enters its final weeks of the year struggling to complete a lengthy to-do list on the budget.

US Appeals Court Upholds Obama Health Care Law

WASHINGTON (AP) – A conservative-leaning panel of US appellate judges on Tuesday upheld President Barack Obama's health care law as constitutional, helping set up a Supreme Court fight.

Gov't Shifts Way of Selling Some Company Warrants

WASHINGTON (AP) – The U.S. plans to begin selling some warrants it received from bailed-out companies to financial institutions rather than offering the warrants in public auctions. The sales are part of the government's effort to recoup the costs of the $700 billion financial bailout.

GOP Ponders Tax Options for Debt ‘Supercommittee'

WASHINGTON (AP) – Capitol Hill Republicans say the GOP members of a deficit "supercommittee" are showing flexibility on revenue hikes as the panel heads closer to its Thanksgiving deadline.

REAL ESTATE

Late Mortgage Payments Up in 3Q, 1st Rise in Years

NEW YORK (AP) – While lawmakers in Washington debated the debt ceiling and consumer confidence dropped, more homeowners in the U.S. were having a harder time making their mortgage payments.

HEALTH CARE

Safety Risks Seen in Computerized Medical Records

WASHINGTON (AP) – The nation's transition to electronic medical records, now in full swing, risks overlooking potential patient safety problems, independent advisers warned the Obama administration Tuesday.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 82 82 19,655
MORTGAGES 75 75 22,989
FORECLOSURE NOTICES 7 7 8,311
BUILDING PERMITS 138 138 40,167
BANKRUPTCIES 72 72 13,176
BUSINESS LICENSES 9 9 6,146
UTILITY CONNECTIONS 52 52 13,048
MARRIAGE LICENSES 30 30 4,872

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