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VOL. 123 | NO. 52 | Friday, March 14, 2008

Banks Remain Top Home Sellers in Local Market

The list of Shelby County's top residential sellers for February was once again highlighted by banks and trust companies - not homebuilders - extending a trend that sprouted last year in the wake of rising foreclosures.

Jobs Program Age Split at Center of Debate

The lottery drawing has been held with Memphis Mayor Willie Herenton doing the annual honors at City Hall. And the city's summer jobs program is ready for more than 1,000 14- to 21-year-olds to take their place in the Memphis working world for eight weeks starting June 2.

Mattila Follows Late Friend's Example In County Trustee's Office

Paul Mattila has been on the job as Shelby County trustee for a little more than a month, an assignment he was given in a Feb. 11 vote by the Shelby County Board of Commissioners.

Arena Talks Appear Fraught With Motives, Real or Imagined

Shelby County Board of Commissioners member Sidney Chism had been talking for months about the county washing its hands of its minority ownership share in The Pyramid. It was his way of expressing his frustration with what he sees as the micromanagement by some on the commission of talks to find a use for the vacant arena.

NAWBO to Hold First Business Expo Next Month

In a few short weeks, some local women entrepreneurs will get a little extra community exposure when they participate in an inaugural expo hosted by the local chapter of the National Association of Women Business Owners (NAWBO).

Local Weather
Memphis, TN
Mostly Cloudy
Wind: West at 6.9 mph
Humidity: 85%


The Bartlett United Methodist Church will host its annual Spring Crafts Fair today and Saturday from 9 a.m. to 5 p.m. at the church, 5676 Stage Road. For more information, call 386-4563.

more events »

Former ServiceMaster Exec Sues Company

A former senior vice president and general counsel of The ServiceMaster Co. has filed a class action complaint in Shelby County Chancery Court against the Memphis-based company, asking for what could amount to millions in damages related to cancelled stock options, according to The Daily News Online, www.memphisdailynews.com.

Delta, Northwest Pilot Leaders Recess Meetings, But Still Talking

ATLANTA (AP) - Pilot union leaders at Delta and Northwest have taken a break from joint meetings aimed at hammering out an agreement to integrate their seniority lists as part of a combination of the two carriers, two people familiar with the discussions said.

State Senate Passes Proposal to Create More Popularly Elected Offices

NASHVILLE (AP) - A proposal to popularly elect the lieutenant governor and the secretary of state has been approved by the Senate.

Regions Financial CEO Gets $17.3M in '07

NEW YORK (AP) - The chairman, president and chief executive of Regions Financial Corp. received compensation valued at $17.3 million in 2007, a year that the bank took hefty losses on loans to property developers, according to a regulatory filing Wednesday.

Paulson Says US Blueprint Calls for Stronger Oversight of Mortgage Lenders

WASHINGTON (AP) - Treasury Secretary Henry Paulson said Thursday that a presidential working group wants stronger regulatory oversight of mortgage lenders to avert the kind of credit crisis that is dragging the economy down.

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PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926

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