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VOL. 125 | NO. 24 | Friday, February 5, 2010

UPDATE: Herenton Opens Congressional Campaign

Former Memphis Mayor Willie Herenton opened his Congressional campaign Saturday afternoon to a crowd of around 300 in East Memphis.

Trolley Line Businesses Coming to Life

New businesses are bringing life back to the storefronts along the Madison Avenue trolley line, especially near the line’s easternmost stop at Cleveland Street.

MCS Funding Raises Flags for City Budget Audit

Resolving the legal spat between the Memphis City Council and Memphis City Schools that’s put millions of dollars at stake probably won’t blow a hole in the city’s budget.

Ford Expected to Run for County Mayor

After a tumultuous year of political upheaval in 2009, the 2010 campaign season has belatedly come to life.

Allen Takes Helm Of Memphis World Trade Club

Cannon Allen isn’t a truck driver or freight forwarder. He doesn’t sort cargo or manage a warehouse. But Allen, a partner at the law firm Adams and Reese LLP, is familiar with the inner workings of the transportation and logistics industries.

Local Weather
Currently
Memphis, TN
75.0°F
Mostly Cloudy
Wind: South at 11.5 mph
Humidity: 50%

EVENTS

The Memphis Zoo will host a Valentine’s Dinner today at 6:30 p.m. at Teton Trek’s Great Lodge. Cost is $125 per person and $1,000 for a private table of six. Chef John Bragg of Circa will prepare the meal. For reservations, call 333-6572.

more events »

Still No. 1

Memphis International Airport in 2009 remained the world’s busiest cargo airport for the 18th straight year, according to preliminary data released Thursday by Airports Council International.

STATEWIDE

Dollar General to Add 5,000 Jobs, Open 600 Stores

GOODLETTSVILLE, Tenn. (AP) - Discount retailer Dollar General says it will add 5,000 jobs as it opens 600 new stores over the next 12 months.

STATE LEGISLATURE

Sen. Ophelia Ford Could Miss Entire Tenn. Session

NASHVILLE, Tenn. (AP) - Family members of state Sen. Ophelia Ford say the Memphis Democrat has suffered complications from an unspecified surgical procedure and could miss the entire legislative session.

NATIONAL BUSINESS

Companies Up Productivity, Put Off Hiring

WASHINGTON (AP) – U.S. employers are managing to boost production without creating new jobs.

January Retail Gains as Luxury Rebounds

NEW YORK (AP) – Stores received a pleasant surprise in January as shoppers spent more at mall stores, delivering solid gains for many retailers and providing hope that a spending recovery that started late last year is being sustained.

Factory Orders Jump 1 Percent in December

WASHINGTON (AP) - Orders to U.S. factories posted a big gain in December, far exceeding expectations and adding to evidence that the manufacturing sector is supporting the economic recovery.

First-time US Jobless Claims Rise Unexpectedly

WASHINGTON (AP) - The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce.

NATIONAL POLITICS

Senate Report: 'Dirty Money' Still Entering US

WASHINGTON (AP) - Foreign leaders and their families are still able to channel hundreds of millions of dollars in potentially corrupt money into the United States despite post-Sept. 11 laws cracking down on money laundering, according to a report released at a Senate hearing Thursday.

House Agrees to $1.9 Trillion More Debt

WASHINGTON (AP) - The House on Thursday voted to allow the government to go $1.9 trillion deeper in debt – or about $6,000 more for every U.S. resident.

Brown Taking Over Late Sen. Kennedy's Seat

WASHINGTON (AP) - Republican Scott Brown said fixing the nation's ailing economy would be his top priority as he prepared Thursday to take his Senate seat a week earlier than he had planned.

Reid: Senate Will Take Up Jobs Bill Next Week

WASHINGTON (AP) - Senate Majority Leader Harry Reid says the Senate will take up a jobs bill Monday and he hopes it will have Republican support.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 69 2,404
MORTGAGES 83 83 2,977
FORECLOSURE NOTICES 8 8 485
BUILDING PERMITS 97 97 5,100
BANKRUPTCIES 44 44 1,823
BUSINESS LICENSES 26 26 922
UTILITY CONNECTIONS 29 29 1,041
MARRIAGE LICENSES 13 13 356

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