» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 125 | NO. 38 | Thursday, February 25, 2010

Three County Candidates Withdraw

Three candidates in the May 4 primary elections withdrew from the ballot by today's noon deadline.

Recession Pushes Looney Ricks Kiss Into Bankruptcy

Looney Ricks Kiss Architects Inc., one of the city’s most recognizable and renowned architectural and design firms, on Tuesday filed a Chapter 11 bankruptcy petition.

Looking Ahead

Wharton gives Rotarians glimpse of future

They talk, set tax rates, argue, spend tax dollars, make plans, take studies and run for office.

Report Shows Many Banks Still Unprofitable

For Tennessee’s 194 banks insured by the Federal Deposit Insurance Corp., bigger was not better at the end of 2009.

Council Battles Funding Issues

As Memphis political leaders made another trip to Nashville this week seeking money for The MED, others questioned the hospital’s life expectancy.

Local Weather
Currently
Memphis, TN
42.0°F
Overcast
Wind: South at 10.4 mph
Humidity: 41%

EVENTS

The Memphis Bar Association will host a continuing legal education seminar today from 1:15 p.m. to 4:45 p.m. at the MBA office, 80 Monroe Ave., Suite 220. Kathy Story of Story Consulting will speak on “Managing Change and Transforming Your Legal Career.” To register, visit www.memphisbar.org.

more events »

White Elected to Board for Boys and Girls Club of America

Leigh Taylor White, an associate at the Memphis office of Glankler Brown PLLC, recently was elected to the board of directors for the Porter Board of the Boys and Girls Club of America.

Workshop Guides New Entrepreneurs

People interested in starting their own businesses can learn how to avoid pitfalls, secure financing and land government contracts at a Wednesday workshop organized by the National Black MBA Association of Memphis.

STATEWIDE

Many Schools Expected to Fail After New Standards

NASHVILLE, Tenn. (AP) - Tennessee's education commissioner told school board members from across the state that a majority of schools could fail to meet testing goals this year because of higher standards.

STATE LEGISLATURE

House GOP Leader Taps 4 for Health Summit

WASHINGTON (AP) - The House Republican leader has made his picks for President Barack Obama's health care summit.

Bill OKs Handgun Carry While Bowhunting

NASHVILLE, Tenn. (AP) – Handgun permit holders in Tennessee would be able to carry their weapons while bowhunting deer under legislation headed to the governor for his consideration.

Stricter DUI Ignition Lock Bill Advancing in House

NASHVILLE, Tenn. (AP) - A proposal that would require offenders charged with drunken driving to have ignition locking devices installed in their vehicles if they have a blood alcohol level of 0.08 is advancing in the House.

Ex-Gov. Winfield Dunn Urges Conservation Funding

NASHVILLE, Tenn. (AP) - Former Gov. Winfield Dunn on Tuesday urged lawmakers to restore money for land conservation in Tennessee.

Some Balk at Proposal for 8th State Song in Tenn.

NASHVILLE, Tenn. (AP) - For a state known for its songwriters, it might not come as a surprise that Tennessee has seven state songs.

REGIONAL

Tacker Convicted of Biofuels Fraud

ABERDEEN, Miss. (AP) - William T. "Tommy" Tacker has been convicted of defrauding the U.S. Department of Agriculture out of $2.8 million in bioenergy subsidy money for a plant in Mississippi.

REAL ESTATE

Freddie Mac Losses Mount, Warns of Foreclosures

WASHINGTON (AP) - Freddie Mac lost almost $26 billion last year, ominous news for taxpayers who are footing the bill to rescue the mortgage finance company and its sibling Fannie Mae.

Realtors Give Commercial Real Estate Outlook

WASHINGTON (AP) - The commercial real estate market is not expected to recover this year, with vacancy rates set to rise and rents forecast to fall, the National Association of Realtors reported this week.

New Home Sales Drop 11 Percent in January, New Low

WASHINGTON (AP) - Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades.

NATIONAL BUSINESS

America’s Thrifts Break Even in 2009

WASHINGTON (AP) – America’s thrifts posted a small profit last year after two years of losses, evidence the industry may be stabilizing amid the economic recovery.

Bernanke: Record-Low Rates Still Needed

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that record-low interest rates are still needed to ensure that the economic recovery will last and to help ease the sting of high unemployment.

Congress: Connections With Toyota

Several lawmakers on the House Oversight and Government Reform Committee, which is holding a hearing Wednesday on the Toyota recalls, have Toyota factories and offices in their states or even their districts. A look at some of the automaker's ties:

NATIONAL POLITICS

Senate Approves Tax Breaks for New Hires

WASHINGTON (AP) - Senate Democrats Wednesday delivered the first of several promised election-year jobs bills, passing a measure blending tax breaks for companies that hire unemployed workers with highway funding eagerly sought by the states.

Geithner: No Change to Fannie, Freddie Until 2011

WASHINGTON (AP) - The Obama administration will wait until 2011 to propose an overhaul of mortgage giants Fannie Mae and Freddie Mac, U.S. Treasury Secretary Timothy Geithner said Wednesday, arguing that he wanted to put some distance between a new system and what he called "the worst housing crisis in generations."

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 199 999
MORTGAGES 112 243 1,195
FORECLOSURE NOTICES 6 57 152
BUILDING PERMITS 129 448 1,653
BANKRUPTCIES 59 144 635
BUSINESS LICENSES 58 132 298
UTILITY CONNECTIONS 27 55 392
MARRIAGE LICENSES 0 0 82

Weekly Edition

Issues | About

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