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VOL. 124 | NO. 51 | Monday, March 16, 2009

Mone’t Brings Commercial Lending Expertise to Memphis

As commercial lenders scale back on financing options or disappear altogether because of the anemic economy and credit crunch, a Chicago-based company is setting up shop in Memphis with hopes of filling those voids.

Miami Meetings at Center of Stanford Woes

Thomas Sjoblom, an attorney at the international law firm Proskauer Rose LLP, walked into the office of a female Stanford Financial Group executive in Miami after a tense series of private meetings earlier on a February day with Stanford’s top brass.

Trade Deficit Falls to $36 Billion in Jan.

WASHINGTON (AP) – The U.S. trade deficit plunged in January to the lowest level in six years as a deepening recession cut demand for imported goods at an even faster rate than for exports.

Tough Task Ahead to Find Madoff Money, Co-Schemers

NEW YORK (AP) – With Bernard Madoff behind bars, investigators have their work cut out for them in identifying who else may have been involved in his nearly $65 billion scam.

Artist Turns Distinctive Signature Into Business

Fred Spikner made his signature into a brand.

GOP Operative Pleads No Contest to Election Charge

KINGSPORT, Tenn. (AP) - A Republican staffer in the Tennessee House pleaded no contest Friday to a criminal charge stemming from his operation of fake political Web sites in the name of a Democratic incumbent.

Senate Dems Squabble Over Which Homeowners to Help

WASHINGTON (AP) - Disagreement among Senate Democrats over how many struggling homeowners should qualify for court-ordered mortgage relief has stalled a key part of President Barack Obama's foreclosure prevention plan on Capitol Hill.

Judge: Will Rule in Week on Merrill Bonus Case

NEW YORK (AP) - A judge said Friday he will decide within a week whether Bank of America Corp. has to turn over a list of performance bonuses given to the 200 highest paid employees of Merrill Lynch & Co.

Report: Citi May Nominate Ex-Bank CEOs to Board

NEW YORK (AP) - Citigroup Inc. will likely nominate two former bank chief executives and two other financial experts to be directors as part of a shuffling of the embattled bank's board, according to a media report.

Tenn. Building Panel Approves $70M for VW Site

NASHVILLE, Tenn. (AP) - The State Building Commission has approved $70 million in infrastructure projects related to the new Volkswagen AG plant being built in Chattanooga.

Builder Blues

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 77 286 16,478
MORTGAGES 95 347 19,032
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 569 33,695
BANKRUPTCIES 59 183 10,920
BUSINESS LICENSES 20 77 5,275
UTILITY CONNECTIONS 0 102 11,446
MARRIAGE LICENSES 27 97 3,964

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