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VOL. 124 | NO. 235 | Tuesday, December 1, 2009

UPDATE: Kelsey Wins Senate Seat - White Claims GOP House Nomination

Republican Brian Kelsey easily claimed the State Senate District 31 seat Tuesday evening.

UPDATE: Tanner Won't Seek Re-Election in 2010

John Tanner is retiring from Congress. The 8th District Union City Democrat confirmed reports earlier this evening that he had decided not to seek re-election in the 2010 elections.

Northeast Miss. Waits for Toyota to Deliver on Promises

TUPELO, Miss. – Oh, what a wait. This month marks a year since Toyota delayed the start of operations at its new $1.3 billion vehicle manufacturing plant off U.S. 78 in Blue Springs.

Council Committee to Hear Gloomy Budget News Today

The hobbled economy has taken a noticeable toll on the city’s financial picture, a Memphis City Council committee will be told later today.

Sale of Lamar Crossing Could Be Closer to Reality

Lamar Crossing’s long and winding road might finally be coming to an end, parties close to the beleaguered property said last week. But some legal wranglings still need to be worked out before the unfinished multifamily complex sees its first resident.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: North at 5.8 mph
Humidity: 66%


The Germantown Area Chamber of Commerce will hold a seminar series for business owners and executives today from 7:45 a.m. to 9:30 a.m. in the Community Room of Baptist Rehabilitation Germantown, 2100 Exeter Road. Cost is $10. Breakfast will be provided. For reservations, call 755-1200.

more events »

Election Day Arrives for State, House District Seats

Today is Election Day for voters in parts of East Memphis, Bartlett, Cordova and Germantown. Polls in those areas are open today from 7 a.m. to 7 p.m.

Nurse Wage Suit Still Alive, Kicking

An attempt to gain class-action status in a lawsuit alleging that Memphis hospitals conspired to suppress nurse wages isn’t dead yet.

Grand Island Files Permit For Mud Island Apartment Complex

300 Grand Island Drive, Memphis, TN 38103, Permit Amount: $12.1 Million -
Grand Island Partners, the group bringing the 204-unit Grand Island apartments to Mud Island, has filed a $12.1 million building permit with plans to break ground in the spring, said company president Keith Grant.

Memphis City Council Agenda

The Memphis City Council will meet today at 3:30 p.m. in the first-floor chambers at City Hall, 125 N. Main St. Many resolutions are on the agenda, including a vote on the third and final reading of an ordinance to fix the tax rate for the city's Board of Education. Click on the icon for the full agenda.


Democrat Flowers Drops Out of 3rd District Race

CHATTANOOGA, Tenn. (AP) - Democrat Paula Flowers has announced she's dropping her bid for Congress.


BofA Aims to Clearly Spell Out Credit Card Terms

NEW YORK (AP) - Bank of America is sending its credit card customers a one-page letter with a simple explanation of the interest rates and fees they're being charged starting Monday.

Holiday Shopping Off to Mildly Encouraging Start

NEW YORK (AP) - After shoppers gave retailers a somewhat encouraging start to the holiday shopping season, stores now turn their attention to the online promotions known as Cyber Monday and bringing back customers the rest of the season.

Fed Moves to Drain Some Money Out of Economy

WASHINGTON (AP) - The Federal Reserve is taking steps to fine-tune a strategy to reel in some of the unprecedented amount of money that's been pumped into the economy during the financial crisis.


Treasury OKs Marathon for Toxic Asset Program

WASHINGTON (AP) - The U.S. Treasury Department reported Monday another large investment company has raised sufficient capital to join the government in buying toxic bank assets to help spur more normal lending.


Gov't Increases Pressure on Mortgage Industry

WASHINGTON (AP) - Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren't doing enough to help borrowers at risk of losing their homes.

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PROPERTY SALES 82 152 4,041
MORTGAGES 91 186 4,862
BUILDING PERMITS 190 351 8,612
BANKRUPTCIES 50 98 3,122

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