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VOL. 125 | NO. 48 | Thursday, March 11, 2010

Wharton Declines Forbes Radio Rebuttal

Mayor A C Wharton Jr., who asked Memphians to write letters to Forbes after the magazine ranked the city No. 3 on its “America’s Most Miserable Cities” index, is declining an invitation to talk with the publication’s editor on a Saturday radio broadcast.

Neola Farms Taps Market for Gourmet Beef

Dining at J. Broussard’s restaurant in Columbus, Miss., Peachie Dornan fell in love at first bite when she ate her first hamburger made with Neola Farms ground beef.

No Ford Testimony As Psychologist With Political Ties To Plead Guilty

Instead of picking a jury Monday in Memphis federal court, attorneys in the case of Dr. Roger Morgan are set to hear him plead guilty.

Task Force Seeks Community Support for MED

Shelby County Mayor Joe Ford has asked executives with some of the city’s biggest corporations to donate to The MED Foundation through direct gifts and employee payroll deductions.

Task Force Considers New Plans for Pension

The retirement benefit package for future Shelby County employees may not look like the one promised to current employees and already enjoyed by 2,800 retirees.

Local Weather
Currently
Memphis, TN
56.0°F
Light Drizzle Fog/Mist
Wind: Southwest at 8.1 mph
Humidity: 100%

EVENTS

The Bartlett Area Chamber of Commerce will host the Bartlett Business Expo today at 9 a.m. at the Bartlett Recreation Center, 7700 Flaherty Place. The Business Expo will feature more than 80 local businesses. Admission is free and tickets will be available from 9 a.m. to 4 p.m. For more information, call 372-9457 or visit www.bartlettchamber.org.

more events »

Realtor Seeks Injunction Against MAAR

A dispute brewing over a realty firm’s organizational structure kicked up a notch Wednesday when the company filed an injunction against the Memphis Area Association of Realtors.

U of M Highlights Diversity for Prospective Students

This evening, the University of Memphis Cecil C. Humphreys School of Law will host its spring Diversity Outreach Program, designed to attract high school juniors and seniors and college students interested in the law.

State’s Blue Dogs Hold Crucial Votes In Health Care Bill

Tennessee is a pivotal state for the passage or failure of national health care reform because its Blue Dog Democrat members of Congress may hold potential swing votes.

Indie Films on Economy’s Cutting Room Floor

Describing the state of financing in the indie film industry, producer Mike Ryan set a bleak scene earlier this month at Malco’s Studio on the Square.

Fairgrounds Work Continues Despite Parking Questions

The demolition and cleanup of the old Libertyland theme park is just about finished, and a 10-0 vote by the Memphis City Council this week means that and other work to create a “great lawn” at the Mid-South Fairgrounds will continue for now.

City Could Change Auto Inspection Requirements

Memphis City Council member Bill Morrison called it a “first step” in a conversation about changing a fact of life for Memphis drivers.

Kiesewetter Selected As Tennessee Bar Foundation Fellow

Jay W. Kiesewetter of Kiesewetter Wise Kaplan Prather PLC has been selected as a fellow of the Tennessee Bar Foundation.

STATEWIDE

Gibbons: Use Lottery Commission to Pay for Pre-K

NASHVILLE, Tenn. (AP) - Tennessee gubernatorial candidate Bill Gibbons on Wednesday proposed to fund pre-kindergarten expansion by cutting the amount of money the state lottery pays to large ticket retailers like the Pilot truck stop chain that is part-owned by GOP rival Bill Haslam.

Dollar General Sues Rival Fred’s Over Colors

NASHVILLE (AP)Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred’s Inc., claiming the smaller company is using its trademark yellow and black colors in a new advertising campaign.

STATE LEGISLATURE

Bill Seeks to Clarify Tenn. Law on Guns in Bars

NASHVILLE, Tenn. (AP) - The sponsor of legislation that seeks to clarify a Tennessee law allowing people with handgun permits to be armed in bars and restaurants that serve alcohol is hoping to satisfy a judge's ruling against the law.

REGIONAL

Miss. Jobless Rate at 12 Percent

JACKSON, Miss. (AP) - Mississippi's unemployment rate stood at 12 percent in January, up from 10.3 percent in December and higher than the national rate of 10.6 percent.

NATIONAL BUSINESS

Unemployment Rises in 30 States in January

WASHINGTON (AP) - Unemployment rose in 30 states in January, the U.S. Labor Department reported Wednesday, evidence that jobs remain scarce in most regions of the country.

Wholesale Inventories Fall While Sales Increase

WASHINGTON (AP) - Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves.

Bank of America Ends Overdraft Fees on Debit Cards

NEW YORK (AP) - Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.

Washington Federal Warrants Bring $15.39 Million

WASHINGTON (AP) - The U.S. Treasury Department has received $15.39 million from the sale of warrants it received from Washington Federal Inc. as part of the support it provided from the government's $700 billion bailout program.

NATIONAL POLITICS

Senate Passes Jobless Aid, Business Tax Breaks

WASHINGTON (AP) - The Senate voted Wednesday to extend a host of soon-to-expire elements of last year's economic stimulus measure, including help for the jobless and money to help financially strapped states pay for health care for the poor.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 80 80 6,019
MORTGAGES 107 107 7,199
FORECLOSURE NOTICES 0 0 1,115
BUILDING PERMITS 0 0 12,591
BANKRUPTCIES 53 53 4,400
BUSINESS LICENSES 28 28 2,391
UTILITY CONNECTIONS 0 0 2,540
MARRIAGE LICENSES 37 37 1,272

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