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VOL. 124 | NO. 48 | Wednesday, March 11, 2009

Real Estate Gloom Far From Over, Numbers Show

The first two months of 2009 are in the books, and the real estate market has shown no signs of improving. For the second straight month, home sales declined by a third from the same month a year ago, proof that housing still needs to dig itself out of a deep hole.

MERI Begins $10M Capital Campaign

The Medical Education & Research Institute, which helps physicians learn about the latest surgical techniques and medical device advances, has begun a $10 million capital fund drive as it seeks to expand its mission and upgrade its technologies.

Law Enforcement Officials to Push Anti-Crime Legislation

Burglar A breaks into five homes in Tennessee in one day. All five burglaries are reported to police. Burglar A is charged with aggravated burglary. Sometime later, he commits another burglary, is caught and convicted. At his sentencing hearing on that conviction, how many prior offenses has Burglar A committed for purposes of determining how much jail time he will receive?

Bailey Considers Another Run At County Commission

Former Shelby County Board of Commissioners member Walter Bailey, the longest-serving member when he left his seat in 2006, is thinking about mounting a bid to return to the county’s legislative body.

Delta Air Lines to Cut Int’l Flights in Sept.

ATLANTA (AP) – Facing a continuing revenue slump amid the worsening global economic downturn, Delta Air Lines Inc., the world’s biggest airline operator, said Tuesday it will cut international capacity by an additional 10 percent starting in September, a move that likely will mean more job reductions.

Local Weather
Currently
Memphis, TN
68.0°F
Overcast and Breezy
Wind: from the South at 20.7 gusting to 31.1 mph
Humidity: 78%

EVENTS

The Shelby County Board of Commissioners will hold committee meetings today at 8:30 a.m. in the fourth floor committee room of the Shelby County Administration Building, 160 N. Main St. For more information, call Steve Summerall at 545-4301.

more events »

Fentress Joins Harris Shelton

Susan Fentress has joined the Downtown offices of Harris Shelton Hanover Walsh PLLC. Fentress concentrates her practice in the areas of intellectual property and biosciences.

First Horizon CEOs Take Home $6.8M in 2008 Pay

CHARLOTTE, N.C. (AP) - Regional bank First Horizon National Corp. paid out more than $6.8 million in compensation to the two chief executives that oversaw the company in 2008.

Senate Begins Action on Reshaping Tenn. Wine Laws

NASHVILLE, Tenn. (AP) - The state Senate has begun taking action on a series of proposals to reshape the way wine is sold in Tennessee.

Texting While Driving Prohibited Under Proposal

NASHVILLE, Tenn. (AP) - Reading or sending cell phone text messages while driving would be prohibited under a proposal advancing in the Legislature.

Madoff Appears in Court After Weeks in Seclusion

NEW YORK (AP) - After nearly a month of seclusion in his luxury Manhattan apartment, disgraced financier Bernard Madoff appeared in court Tuesday to confront a potential conflict of interest in his massive fraud case: a $900,000 investment by his lawyer's sons.

Bernanke Says Regulatory Overhaul Needed

WASHINGTON (AP) - The nation's financial rule book must be rewritten to prevent a repeat of the global economic crisis now gripping the United States and other countries, Federal Reserve Chairman Ben Bernanke said Tuesday.

Wal-Mart's Sam's Club Names New CEO

NEW YORK (AP) - Wal-Mart Stores Inc. announced Monday that Brian C. Cornell, most recently chief executive at arts and crafts chain Michaels Stores Inc., will be the new president and CEO of its Sam's Club warehouse division.

Ahead of the Bell: Citi Downgrades Wal-Mart Stores

NEW YORK (AP) - A Citi Investment Research analyst downgraded shares of Wal-Mart Stores Inc. early Tuesday, arguing that potential legislation to simplify the process of forming unions may boost the retail giant's labor costs.

Pandit: Citi Operating at Profit Through February

NEW YORK (AP) - Citigroup Inc. has been operating at a profit through the first two months of the year, according to a letter that the embattled bank's chief executive sent to employees.

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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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