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VOL. 124 | NO. 252 | Thursday, December 24, 2009

Conwood Acquisition Helps Salvage November Commercial Sales

A single, high-dollar transaction helped salvage November’s commercial sales total, accounting for half of the dollar volume last month. Beyond that, the most noteworthy trend to arise from the most recent data was a dearth of activity as Shelby County nears the end of 2009 – the slowest year for commercial transactions in at least two decades.

Wharton Goes Straight to the Top With Stimulus Specs

Around lunchtime Monday, the nation’s attention was fixated on the U.S. Senate’s early morning procedural vote on a health care overhaul.

Three Finalists Chosen for Bailey’s Court Seat

The state’s Judicial Nominating Commission spent the last shopping weekend before Christmas interviewing would-be judges in Memphis.

MED Foundation Works To Support Public Hospital

A dollar will be donated to the foundation each time a new visitor goes to the foundation’s Web site, www.themedfoundation.org, until Jan. 31. The “5,000 Touches” campaign is intended to make more people aware of the foundation’s work and giving opportunities.

Landers Finds Benefits of Mediation, Arbitration

C. Suzanne Landers, a member of The Landers Firm, has been named as a Super Lawyer in Tennessee in the practice of family/divorce law. Landers also was selected as one of the Best Lawyers in America for Alternative Dispute Resolution (ADR) for her work as a mediator/arbitrator.

Local Weather
Currently
Memphis, TN
50.0°F
Fair
Wind: Southwest at 9.2 mph
Humidity: 43%

EVENTS

Heartsong Church will host a Christmas Eve celebration featuring local singer Alexis Grace today from 5 p.m. to 7 p.m. at Heartsong, 800 N. Houston Levee Road. For more information, contact Michelle Worth at 755-6332 or e-mail mworth@heartsongchurch.net.

more events »

MEMPHIS AREA

Shelby County Sees Slight Rise in Unemployment

County non-seasonally adjusted unemployment rates for October 2009, released today, show the rate increased in 38 counties, decreased in 42, and remained the same in 15 counties.

STATEWIDE

No Sign of 'Major' Commercial Biofuels Investment

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen's timetable for what he has billed as a "major" commercial investment related to Tennessee's biofuels program is about to run out.

Attorney Says 'Judge Shopping' in Wildlife Cases

CHATTANOOGA, Tenn. (AP) - A Chattanooga lawyer has subpoenaed two judges, one of them an avid hunter, for a hearing on his claim that Tennessee wildlife officers routinely "judge shop" their cases against accused violators of boating, hunting, fishing and sometimes environmental laws.

NATIONAL BUSINESS

Strong Economic Rebound Depends on More Than Santa

WASHINGTON (AP) – Don’t count on holiday shoppers to fuel the economic recovery.

Incomes, Spending Post Gains; New Home Sales Sink

WASHINGTON (AP) - Personal incomes rose in November at the fastest pace in six months, while spending posted a second straight increase. But economists cautioned that the gains remain too weak to sustain a strong economic recovery.

Holiday Stragglers Find Shortages of Hot Items

NEW YORK (AP) - Looking for UGG boots? Or what about the last string of holiday lights or inflatable Santas to spruce up the lawn? You might be out of luck.

REAL ESTATE

Home Resales Skyrocket in South

MIAMI (AP) - Home resales in the South skyrocketed last month as first-time buyers hurried to grab an expiring federal tax credit while exploiting low prices and mortgage rates.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 46 229 20,995
MORTGAGES 74 248 24,609
FORECLOSURE NOTICES 0 27 8,637
BUILDING PERMITS 478 837 43,174
BANKRUPTCIES 61 177 14,079
BUSINESS LICENSES 12 58 6,459
UTILITY CONNECTIONS 29 114 13,625
MARRIAGE LICENSES 20 67 5,136

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