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VOL. 125 | NO. 252 | Wednesday, December 29, 2010

Clock Running on Electrolux Plant

The next and probably most critical stage of the recruitment by Memphis and Shelby County of Swedish appliance maker Electrolux to the area is now under way.

Year of Resilience

Hospitals, health care companies and biotech firms post strong 2010

Despite a weakened economy, Memphis’ hospitals, health care companies and biotechnology sector remained strong throughout 2010.

Memphis Stands Tall as Logistics Industry Struggles

Although the aftermath of the recession was palpable across all industry sectors in 2010, Memphis continued to prove its status as a critical logistics and distribution center.

Local School Issue on Verge of Going Statewide

Tennessee Gov.-elect Bill Haslam knew the question was coming.

Legalities Continue to Surround Consolidation

As the question of a Memphis City Schools charter surrender heads for a February date with Memphis voters, the lawsuit over the Nov. 2 referendum on a metro consolidation charter continues in Memphis federal court.

Local Weather
Currently
Memphis, TN
80.0°F
Mostly Cloudy
Wind: South at 6.9 mph
Humidity: 74%

EVENTS

The Memphis Bar Association will present a Last-Minute “Buy the Hour” seminar Thursday from 8:30 a.m. to 4:35 p.m. at Calvary Church, 102 N. Second St. The seminar is worth six hours of continuing legal education credit. For a full list of sessions and speakers or to register, call 527-3573 or visit www.memphisbar.org.

more events »

Kitchens Unlimited’s Kassen Wins TriStar Award

Karen Kassen of Kitchens Unlimited has won a TriStar Award for Residential-Singular Space in the 2010 Tennessee American Society of Interior Designers Design Competition.

10 Marketing Resolutions for the New Year

After the New Year’s ball drops on Times Square and you resolve to spend more time at the gym, consider also committing to improve the effectiveness of your marketing with these 10 marketing resolutions.

NATIONAL BUSINESS

Where Are the Jobs? For Many Companies, Overseas

Corporate profits are up. Stock prices are up. So why isn't anyone hiring?

Nonprofits Getting First Shot at Bank Foreclosures

PHOENIX (AP) – Francisco and Pam Cruz maneuvered around boxes of new flooring and open cans of paint as they surveyed the foreclosed Phoenix house they would soon call their own.

Allstate Sues Countrywide Over Toxic Investments

NEW YORK (AP) – Allstate says it has filed a federal lawsuit against Countrywide Financial Corp. over $700 million in toxic mortgage-backed securities the insurer bought in 2007, only to see their value decline rapidly.

Airlines Raise Fares on Many US Routes

DALLAS (AP) – Passengers whose travel plans were wrecked this week when thousands of flights were canceled might not want to hear it, but airfares are going up again.

NATIONAL POLITICS

Obama's Economist Pick Seen as Sign of New Agenda

HONOLULU (AP) – Among the first announcements President Barack Obama will make upon returning from his Hawaiian vacation is his choice for top economic adviser, a decision that could signal a new direction for the administration as it struggles to jumpstart the economy and wrestle down unemployment.

Obama to Delay Next Year's Budget Proposal by Week

HONOLULU (AP) – President Barack Obama will push back the release of his budget proposal for fiscal year 2012 by about a week, a delay administration officials blame in part on a hold placed on Obama's nominee for budget director.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 7,836
MORTGAGES 108 108 9,307
FORECLOSURE NOTICES 8 8 1,366
BUILDING PERMITS 130 130 16,737
BANKRUPTCIES 55 55 5,461
BUSINESS LICENSES 32 32 2,980
UTILITY CONNECTIONS 47 47 3,297
MARRIAGE LICENSES 37 37 1,725

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