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VOL. 125 | NO. 40 | Monday, March 1, 2010

Midtown Nursery Expands in Time for Green Season

A nursery in Midtown whose owner likes to jump at opportunities will spread its green thumb to two new locations in time for planting season this year.

Kyle Says Bid For Governor Hit Wall

State Sen. Jim Kyle of Memphis is out of the Democratic primary race for governor.

Memphis Financial Firms See Optimism

Policymakers, consumers and business leaders probably would like to hold the U.S. economy to the same standard the world’s best athletes have been striving for in Vancouver for the past two weeks.

Beale Street Settlement Preferable, Wharton Says

For the third time in a year a Memphis mayor has said settling the legal dispute over Beale Street’s cash flow is a priority.

Venice Tile Founder Emphasizes Variety, Selection

David Gicking, a tile setter, opened Venice Tile & Marble Showroom in 1988 because he was bored with the bland, generic materials available at most local stores.

THE MEMPHIS NEWS

Life or Death for The MED

A hand as tiny as a budding leaf punched at the air inside a baby incubator.

MED Woes Could Be Solved With New Hospital

The annual funding crisis at The Regional Medical Center serves as a reminder of how little politics in Memphis has changed despite all of the claims of new leadership.

Federal Reserve Banker Sheds Light on Economic Problems, Recovery

James Bullard is president and CEO of the Federal Reserve Bank of St. Louis, whose territory includes Memphis.

Students Tackle Social Injustice in ‘Parade’

An ambitious fine arts department at Germantown High School will tackle social injustice, religious intolerance and mob mentality in staging a musical that challenges audience members and actors alike.

Tip Fees Even Trickier Than Previously Reported

Every time a customer pays for a restaurant meal with a credit card, a complicated network of fees and transactions is set in motion.

Red, White And Yum All Over

I didn’t mean to set a precedent a few weeks ago when I recommended two wines in the same column, but I’m going to do so again.

STATE LEGISLATURE

Extortion Indictment in Stanley's Affair

NASHVILLE, Tenn. (AP) - A Nashville grand jury returned an indictment Friday against a man charged with trying to extort $10,000 from then-Sen. Paul Stanley over an affair with a legislative intern.

Election Season Influences Legislative Pace

NASHVILLE, Tenn. (AP) - Election season is a driving factor behind a push by lawmakers for an early conclusion of the legislative session. It might also be to blame for keeping the session from immediately kicking into high gear.

REGIONAL

Judge Won't Reinstate Tupelo Officer to Force

ABERDEEN, Miss. (AP) - A federal judge won't reinstate a Tupelo police officer to the department from which he won $300,000 in a civil lawsuit.

REAL ESTATE

Home Sales Up Year-Over-Year in South

MIAMI (AP) - Home sales in the South posted an annual increase of 8 percent in January as buyers grabbed hold of federal tax credits and affordable prices.

Housing Market Shows Weakness for Second Month

WASHINGTON (AP) - Sales of previously owned homes plunged in January to their lowest level since summer, providing fresh evidence that high unemployment and tight lending standards are outweighing the government's attempts to prop up the market.

NATIONAL BUSINESS

Brisk 5.9 Percent Growth in Q4 Likely to Fade

WASHINGTON (AP) – The economy rocketed ahead at a 5.9 percent pace in the final quarter of 2009, stronger than initially estimated. But the growth spurt isn’t expected to carry over into this year.

Big Pay for CEOs Turning Consultants

NEW YORK (AP) – Tough job market? Not for corporate honchos who snag cushy consulting deals at their former companies for $3,000 an hour.

Biden to Announce Retirement Savings Safeguards

WASHINGTON (AP) – The Obama administration last week proposed regulations to protect workers’ retirement savings.

AIG Narrows Q4 Loss, Continues Restructuring

CHARLOTTE, N.C. (AP) – AIG said Friday it lost $8.87 billion in the fourth quarter as its general insurance business remained weak and the company ran up expenses from paying back government loans.

Weekly Snapshot

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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