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VOL. 124 | NO. 244 | Monday, December 14, 2009

Shelby County’s Malls Fight Tax Appraisals

In a sign of the rattled state of commercial property owners amid the lingering downturn, the owners of most of Shelby County’s major shopping malls are contesting their 2009 property appraisals.

Mortgage Activity Looks Up in November

It stands to reason that whenever home sales have a good month, the mortgage industry will also. Not surprisingly, the latest loan data held up their end of the bargain and for the first time all year outpaced the same month of 2008.

Customer Service Undergirds Holiday Inn Performance

For the seventh year in a row, the Holiday Inn-University of Memphis has received the InterContinental Hotels Group Torchbearer Award for meeting “the highest levels of excellence in all aspects of customer satisfaction and operations.”

Shea Wealth Management Owner Familiar With Economic Cycles

Karen Shea broke through the glass ceiling in 1976 to become an institutional bond broker.

Local Weather
Currently
Memphis, TN
94.0°F
Mostly Cloudy
Wind: North at 5.8 mph
Humidity: 48%

EVENTS

InMotion Orthopaedic Research Center and the Memphis Bioworks Business Association will present the Memphis Orthopaedic Research Lecture Series today from 5 p.m. to 6 p.m. at Memphis University School, 6191 Park Ave. The speakers will be Drs. John Coleman and John Williams of Medtronic Inc. For reservations, call 866-1452.

more events »

THE MEMPHIS NEWS

Mega Bucks

Ten years ago, Jim Ewing and Jim Bruce wrote a piece for Site Selection, a trade magazine for people in the business of consulting on the best locations to build industrial plants. It was called “The Approaching Industrial Land Shortfall.”

Industrial Megasites Fraught With Unknowns, Political Maneuvering

When cities and states compete for economic plums, the advantages seem to be weighted heavily in favor of businesses looking to build new plants.

Haywood Mayor Sounds Off on All Things Megasite

For the past five years, the Haywood County megasite has been the daily job of Franklin Smith.

Memphians Have Multiple Choices for ‘Nutcracker’ This Season

he Nutcracker” fans are in luck as three Mid-South arts groups stage traditional, contemporary and comic variations on the theme this month. The variations of the ballet will be staged at The Orpheum Theatre, Germantown Performing Arts Centre and Germantown Community Theatre, respectively.

How Special Are Specials? All Depends, Restaurant Experts Say

How Special Are Specials? The waiter stands at your table, passes out the menus and then intones: "For tonight's special, chef has created an entrée of pan-seared line-caught ahi tuna encrusted with caramelized macadamia nuts and topped with crispy organic dragonfly wings, accompanied by a roasted leek and kiwi beurre blanc and limoncello foam."

When It Comes To Wine, Vive La France

Though the weather outside is chilly, there’s still room for white wine in your repertoire of drinks.

STATEWIDE

Sixteen Tenn. Counties Get Federal Assistance for Flooding

NASHVILLE, Tenn. (AP) - Sixteen counties in Tennessee are now eligible for federal farm assistance due to excessive rain and flooding that occurred in September and October.

Gun Laws are Getting Looser Across Much of US

NASHVILLE, Tenn. (AP) - It's been the year of the gun in Tennessee. In a flurry of legislative action, handgun owners won the right to take their weapons onto sports fields and playgrounds and, at least briefly, into bars.

New Tenn. Education Initiative with Battelle

MT. JULIET, Tenn. (AP) - Tennessee Gov. Phil Bredesen is forming a new education partnership with a Columbus, Ohio-based global research and development group.

STATE LEGISLATURE

No More Democrats in Tennessee's 3rd District Race

CHATTANOOGA, Tenn. (AP) - Democrats no longer have a candidate in the race for Tennessee's 3rd District congressional seat with the exit of Brent Benedict of Chattanooga.

NATIONAL BUSINESS

Business Inventories Rise in October

WASHINGTON (AP) – Businesses unexpectedly increased their inventories nationwide in October, halting a slide of 13 consecutive declines. The small gain, along with a fifth straight increase in sales, raised hopes that businesses will begin restocking their depleted shelves, helping support the economic recovery.

NM Chamber Sides with FedEx in Labor Law Debate

ALBUQUERQUE, N.M. (AP) - The Greater Albuquerque Chamber of Commerce has sided with Memphis-based FedEx Corp. following a debate with rival package delivery company UPS Inc.

Economic News Raises Hopes for Global Recovery

WASHINGTON (AP) - Signs of a strengthening global recovery emerged Friday, with consumers boosting retail sales, companies restoring stockpiles and Chinese exports mounting a comeback.

Treasury Receives $936M for JPMorgan Warrants

WASHINGTON (AP) - The U.S. Treasury Department has received $936.1 million in the sale of warrants it had received from JPMorgan Chase & Co. as part of the support it provided the bank during last year's financial crisis.

Charities Still Stung by Madoff Scandal Year Later

NEW YORK (AP) - Nancy Falchuk will never forget the phone call. She was in Boston, it was raining and the news was bad. Hadassah, the century-old Jewish charity she had been elected to lead a year earlier, had just lost a big chunk of its endowment in a Ponzi scheme – maybe as much as $90 million (euro61 million).

NATIONAL POLITICS

House Passes Broad Wall Street Regulatory Overhaul

WASHINGTON (AP) - A year after Wall Street failures plunged the nation into recession, the House on Friday passed the most ambitious restructuring of financial regulation since the New Deal.

End in Sight?

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 96 173 11,698
MORTGAGES 95 174 13,601
FORECLOSURE NOTICES 19 19 1,877
BUILDING PERMITS 291 387 24,551
BANKRUPTCIES 65 118 7,591
BUSINESS LICENSES 29 60 3,972
UTILITY CONNECTIONS 35 84 4,765
MARRIAGE LICENSES 18 38 2,582

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