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VOL. 125 | NO. 243 | Wednesday, December 15, 2010

It’s Official: Electrolux Coming to Memphis

With a mock kitchen as a backdrop, Tenn. Gov. Phil Bredesen and state economic development commissioner Matt Kisber made the formal announcement that Electrolux, a Swedish manufacturer of appliances, will build a $190 million manufacturing plant in Memphis.

Revving Up

Investor buys Memphis Motorsports Park for $1.9M

After being vacant for more than a year, Memphis Motorsports Park sold at a live auction Tuesday morning for slightly less than $1.9 million.

St. Blues Guitar Seeking CCDC Incentives

Legendary Gear LLC is planning to open a retail store at 645 Marshall Ave. in the Downtown neighborhood known as The Edge.

Schools Showdown May Have Nashville Detour

The compromise to the standoff between Shelby County’s two public school systems is a state legislative study committee that could be introduced on the first day of the legislative session next month in Nashville.

Sunley Flies High as Pilot for Hospital Wing

Six months ago, Chopper 5 pilot Kirk Sunley left his job flying for Memphis news station WMC-TV.

IDB to Weigh Dalphis Move

The Memphis-Shelby County Industrial Development Board on Wednesday will consider a three-year, $2.4 million tax break for Memphis window covering manufacturer Dalphis Holdings LLC.

Kocsis Named Curator of Gallery Fifty Six

Rollin Kocsis has been promoted to curator of Gallery Fifty Six located at 2256 Central Ave.

Time to Up Your E-mail Game

Editor’s Note: This is the third in a three-part series.

Jobs, Holidays and Kindness

To quote The Beatles, “I read the news today, oh boy…” The jobless rate is up to 9.8 percent. I hadn’t planned to write a column about the holiday season, but here it is.

STATEWIDE

Ex-GOP Lawmaker Bunch Named Administrative Judge

NASHVILLE (AP) – A former state lawmaker who was a vocal critic of Tennessee's laws on appointing judges has been named an administrative law judge.

NATIONAL BUSINESS

Consumers Give Holiday Shopping Season a Big Start

WASHINGTON (AP) – Retail sales rose for a fifth straight month in November, suggesting a strong holiday shopping season and raising hopes that consumers will boost the economy in the coming months.

Survey: CEOs Expect to Hire More as Sales Grow

NEW YORK (AP) – More top corporate executives expect to hire workers and boost spending on their companies over the next six months.

Environmentalists Sue ExxonMobil Over Air Laws

HOUSTON (AP) – The largest U.S. oil refinery released 8 million pounds of illegal pollution in the last five years, violating federal air pollution laws thousands of times, according to a lawsuit filed Tuesday by environmental groups.

Weak TV, Laptop Sales Hurt Best Buy 3Q Profit

MINNEAPOLIS (AP)Best Buy Co.'s third-quarter net income fell more than expected as it lost sales of TVs and laptops to competitors. It also cut its full-year outlook Tuesday.

NATIONAL POLITICS

Fed to Review $600B Bond-Buying Program at Meeting

WASHINGTON (AP) – After launching a much-criticized $600 billion bond-buying program last month to bolster the economy, the Federal Reserve is now taking stock of how it's working.

Gov’t Anti-Foreclosure Program Needs Goals: Panel

WASHINGTON (AP) — The Obama administration's central foreclosure-prevention effort won't reach its original goals and the government should come up with clear, measurable objectives for the two-year-old program, according to a new report from a congressional watchdog.

Long Legal Fight Ahead for Health Law

WASHINGTON (AP) – The scorecard on the legal fight over President Barack Obama's health care overhaul is two judges in favor and one against.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 183 20,949
MORTGAGES 130 174 24,535
FORECLOSURE NOTICES 4 27 8,637
BUILDING PERMITS 163 359 42,696
BANKRUPTCIES 61 116 14,018
BUSINESS LICENSES 24 46 6,447
UTILITY CONNECTIONS 29 85 13,596
MARRIAGE LICENSES 24 47 5,116

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