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VOL. 124 | NO. 36 | Monday, February 23, 2009

Kuhn Gets County Commission Appointment

Former Shelby County Democratic party chairman Matt Kuhn is the newest member of the Shelby County Board of Commissioners.

Memphis Catholic Diocese Settles Priest Sexual Abuse Civil Case

The Catholic Diocese of Memphis has reached a legal settlement with a teenager sexually abused by a Dominican priest nine years ago.

Memphis Multifamily Experiences Mixed Results

The Memphis multifamily market is garnering mixed reviews as analysts reflect on a relatively stable 2008 while projecting a potentially turbulent 2009.

City Program Seeks Minority Developers

Creating more minority developers means getting them to see blight differently.

Stanford Attorney Quits Following CIO’s Testimony

It was a little after 1 p.m. Tuesday Feb. 10, in the SEC’s office in Fort Worth, Texas. After being put under oath, SEC branch chief Michael King asked Stanford’s chief investment officer Laura Pendergest-Holt to spell her name for the record.

Local Weather
Currently
Memphis, TN
47.0°F
Fair
Wind: Northwest at 9.2 mph
Humidity: 69%

EVENTS

The Engineers’ Club of Memphis Inc. will hold its weekly meeting and lunch today at 11:30 a.m. at the Holiday Inn-University of Memphis, 3700 Central Ave. Phillip J. Braden, manager of the Memphis Airports District Office for the Federal Aviation Administration, will present “The Impact of the FAA on the Economy.” Cost is $14. No reservations are required.

more events »

Questioning Stanford’s Returns Could Get You Fired

WASHINGTON (AP) – While R. Allen Stanford’s investors were swallowing claims of vast returns on safe investments, some of his employees weren’t so sure.

County Commission To Fill Vacancy

The Shelby County Board of Commissioners should return to its full complement of 13 members today.

City Makes Convention Center Move

There are signs of new life in the city’s long-standing interest in either building a new Memphis Cook Convention Center or expanding the existing facility.

Bills Seek to Reform Tenn.'s Death Penalty Process

NASHVILLE, Tenn. (AP) - A study committee headed by two Democratic lawmakers has proposed legislation it hopes will make Tennessee's death penalty process more fair and accurate.

Ministry Brings Dental Clinic To Struggling Neighborhoods

Christian ministers and dentists introduced a mobile dental clinic last week that will travel to low-income areas of Memphis to provide free care.

Harrison Wholesale Provides Wealth of Roofing Experience

Whether a building is flat, sloped or steep, be it shingled or rubberized, Harrison Wholesale has the materials to roof it.

Tenn. Lawmaker Claims Immunity from Libel Lawsuit

NASHVILLE, Tenn. (AP) - A Republican lawmaker in Tennessee is asking a judge to dismiss a $750,000 libel lawsuit against him on the basis that his blog is covered by legislative immunity.

Obama Warns Mayors on Spending Stimulus Money

WASHINGTON (AP) - Invoking his own name-and-shame policy, President Barack Obama warned the nation's mayors on Friday that he will "call them out" if they waste the money from his massive economic stimulus plan.

Retail Giant Settles Suit by Black Truck Drivers

LITTLE ROCK, Ark. (AP) - Wal-Mart says it will pay $17.5 million to settle a class-action suit by black truck drivers who claimed the retailing giant discriminated against them.

BofA's CEO Lewis Subpoenaed by Cuomo

CHARLOTTE, N.C. (AP) - Bank of America Corp. Chief Executive Ken Lewis has received a subpoena from the New York state attorney general's office in connection with Merrill Lynch's payment of employee bonuses before the companies combined on Jan. 1.

Jobless Hit with Bank Fees on Benefits

For hundreds of thousands of workers losing their jobs during the recession, there's a new twist to their financial pain: Even as they're collecting unemployment benefits, they're paying bank fees just to get access to their money.

Lowe's Q4 Profit Falls Along with Housing Market

CHICAGO (AP) - The dismal housing market dragged down fourth-quarter profits at Lowe's Cos. Inc. by 60 percent, and executives at the home improvement chain said they see little hope of a substantive fix from a federal effort aimed at helping struggling homeowners.

J.C. Penney Reports 51 Percent Slide in Q4 Profit

NEW YORK (AP) - J.C. Penney Co. reported a 51 percent drop in fourth-quarter profit Friday as customers sharply cut spending on clothing and other items. The results beat Wall Street expectations, but the chain projected a wider first-quarter loss than analysts had predicted.

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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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