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VOL. 124 | NO. 250 | Tuesday, December 22, 2009

Consulting Services Group Sues Morgan Keegan Over RMK Funds

A new participant has stepped into the long-running legal fray over six Morgan Keegan bond funds that lost $2 billion of their value between March 2007 and March 2008.

An Upset Choice For The County Commission

A retired IBM executive who decided to take a political leap at the last minute is the newest Shelby County Commissioner.

MLGW Gets Serious About Delinquent Accounts

With delinquent customer account balances on the rise, the city-owned utility company is taking steps to go after as much of that debt as it can.

State Health Groups Assess Senate Bill

Like a ship that survived a storm by tossing cargo overboard, a scaled-down health care reform bill emerged from the U.S. Senate early Monday with no new public option insurance or expanded Medicare provision.

Ministry Buys Apartment Complex With More Evangelizing in Mind

Richard Hamlet formed Global Ministries Fellowship in 2003 to spread the gospel by addressing critical needs around the world.

Local Weather
Currently
Memphis, TN
66.0°F
Fair
Wind: South at 9.2 mph
Humidity: 54%

EVENTS

The Memphis Bar Association will present the continuing legal education seminar “Lawyering: Why It’s Tough: What We Can Do” today from 1:30 p.m. to 4:45 p.m. at International Paper, 6400 Poplar Ave. For more information or to register, visit www.memphisbar.org.

more events »

Online Orders Boost Christmas Tree Demand

Mike Earnest of Midtown Nursery received only a partial shipment of the Christmas trees he ordered from a North Carolina supplier, then sold out two weeks ago. He managed to get 30 more trees Sunday, so hope is not lost for procrastinating customers. The supply of trees is less this year because demand has risen, and some growers are crediting Internet sales for the trend.

Bornblum Honored with New Southwest Library

The Bert Bornblum Library, a new 69,300-square-foot building at Southwest Tennessee Community College’s Macon Cove campus, was named in a ceremony earlier this month.

In-Rel Buys Former Comcast Building, Renames it “Quince Centre”

6555 Quince Road, Memphis, TN 38119, Sale Amount: $5 million, Sale Date: Dec. 7, 2009, -
In-Rel Management Inc. has bought the 123,924-square-foot office building at 6555 Quince Road in the Quince/Ridgeway area of Southeast Memphis for $5 million in a special warranty deed.

STATEWIDE

THP Schedules 100 Checkpoints for Rest of Year

NASHVILLE, Tenn. (AP) - The Tennessee Highway Patrol will set up more than 100 checkpoints across the state during the rest of the year to arrest impaired drivers and other violators.

REGIONAL

Miss. Food Stamp Recipients Up 27 Percent in Just Two Years

JACKSON, Miss. (AP) - Charles Penton keeps a log of the jobs he has asked for since moving his family to Mississippi a couple of months ago.

Clarksdale DA Mellen Announces His Retirement

CLARKSDALE, Miss. (AP) - Laurence Mellen, who has served as district attorney in four counties in north Mississippi for 26 years, will retire Dec. 31.

Alabama Casinos Go Upscale to Rival Mississippi

SHORTER, Ala. (AP) - Alabama casinos are making a $500 million bet that luxury hotels, celebrity restaurants and big-name entertainment will give southbound tourists an alternative to Mississippi's Gulf Coast gambling destinations.

NATIONAL BUSINESS

Sanofi-Aventis to Buy Gold Bond Maker Chattem

TRENTON, N.J. (AP) - French drugmaker Sanofi-Aventis SA said Monday it plans to buy the Chattanooga-based health-care company Chattem Inc., maker of over-the-counter mainstays like Gold Bond skin products, for $1.9 billion in cash.

Gov't Imposes 3-Hour Limit on Tarmac Strandings

WASHINGTON (AP) - Stinky toilets, crying babies, airless cabins – the Obama administration said Monday passengers don't have to take it any more. It ordered airlines to let people get off planes delayed on the ground after three hours.

Walgreen Q1 Profit Rises 20 Percent on Drug Sales

NEW YORK (AP) - Concerned customers got more than 5 million flu shots at Walgreen Co. stores in the fall, helping the company boost its quarterly profit by 20 percent.

Web Retailers Extend Shipping Deadlines

Retail Web sites have bumped back deadlines and offer free express shipping after weekend snowstorms kept holiday shoppers home in large areas of the East Coast.

REAL ESTATE

Mobile Apps for Real Estate Go Beyond Search

LOS ANGELES (AP) - Hunting for a home or apartment on the go seems to get easier with every new mobile phone application.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 102 224 17,767
MORTGAGES 127 277 20,703
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 510 36,326
BANKRUPTCIES 54 146 11,828
BUSINESS LICENSES 21 80 5,640
UTILITY CONNECTIONS 27 147 12,181
MARRIAGE LICENSES 11 60 4,417

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