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VOL. 124 | NO. 255 | Wednesday, December 30, 2009

UPDATE: City-County Sue Wells Fargo In Mortgage Lending Suit

Memphis and Shelby County fired the opening salvo Wednesday in what is expected to be a protracted, high-profile court battle against Wells Fargo over allegedly unscrupulous mortgage lending practices.

Arthritis Foundation Funds Memphis Implant Study

Researchers in Memphis will take a different direction in the quest to improve knee and hip implants by focusing on surgical successes instead of device failures.

New MAHBA Leader Has Deep Roots In Local Industry

Tommy Byrnes has been building homes longer than he’s been driving. From his preteen days to high school and even through college, Byrnes spent his summers working for the homebuilding business his father, Ronnie, ran with Max Ostner.

U of M’s McClurg Honored With Legal Education Award

Andrew McClurg has received the Excellence in Legal Education Award from the University of Memphis’ Law Alumni Board. McClurg is a professor of law and the Herbert Herff Chair of Excellence in Law at the Cecil C. Humphreys School of Law. He also is associate dean for faculty development.

Local Weather
Currently
Memphis, TN
69.0°F
Overcast
Wind: South at 16.1 mph
Humidity: 66%

EVENTS

The Memphis Bar Association will present a last-minute “Buy the Hour” continuing legal education seminar today from 8:30 a.m. to 4:10 p.m. at Calvary Church, 102 N. Second St. Six hours of credit are available. To register, visit www.memphisbar.org.

more events »

REGIONAL

Federal Judge Postpones School Unitary Hearings

LITTLE ROCK, Ark. (AP) - A federal judge has postponed the dates for court hearings on whether the North Little Rock and Pulaski County Special school districts have met their desegregation obligations.

NATIONAL BUSINESS

Consumer Confidence Extends Rise in Dec.

NEW YORK (AP) – A more upbeat outlook on jobs pushed Americans’ confidence in the economy higher in December for the second month in a row, a survey released Tuesday said.

GM Offering Deep Discounts on Saturn, Pontiac

NEW YORK (AP) - General Motors Co. is offering deep discounts on its remaining Saturn and Pontiac vehicles as it looks to move the leftover inventory of the soon-to-be-dead brands, according to a published report.

Broadcasters' Woes Could Spell Trouble for Free TV

NEW YORK (AP) - For more than 60 years, TV stations have broadcast news, sports and entertainment for free and made their money by showing commercials. That might not work much longer.

NATIONAL POLITICS

SCLC Official: Group Unfairly Removed Two Leaders

ATLANTA (AP) - Members of the Southern Christian Leadership Conference are asking an Atlanta court to determine whether officials who sanctioned the recent removal of two group leaders violated the civil rights group's constitution.

HEALTH CARE

Tylenol Arthritis Caplet Voluntary Recall Expanded

NEW YORK (AP) - Johnson & Johnson is expanding a voluntary recall of Tylenol Arthritis Caplets due to consumer reports of a moldy smell that can cause nausea and sickness.

REAL ESTATE

Home Prices Rise Again in October

NEW YORK (AP) – U.S. home prices rose for the fifth month in a row in October, but the recovery continues to be uneven with only 11 of the 20 metro areas tracked showing gains.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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