» Subscribe Today!
More of what you want to know.
The Daily News

Forgot your password?
Skip Navigation Links
VOL. 123 | NO. 59 | Tuesday, March 25, 2008

Despite Resignation, Herenton Still Faces Budget Headache

Almost as soon as word spread of Memphis Mayor Willie Herenton's bombshell announcement that he intends to leave office at the end of July, the guessing game began.

Seasoned Investor Acquires 41 Properties

Real estate investor Jim Reedy needed only one day to acquire $2.4 million worth of investment properties, beefing up his already extensive portfolio.

Construction Loan Filed For Dunn Field Business Park

1800 Dunn Road, Memphis, TN 38114, Loan Amount: $4.7 million -
Dunn Field Business Park I LLC, an affiliate of Troy, Mich.-based Stuart Frankel Development Co., has filed a $4.7 million construction loan on the first phase of its speculative $20 million Dunn Field Business Park.

Churchwell Trial Set for Mid-April

Dennis Churchwell, the one-time landlord of former Memphis City Council member Edmund Ford, is scheduled to go to trial April 14 on federal perjury charges.

First Horizon, Fifth Third Proceed With Branch Sales

A sale of bank branches by Memphis-based First Horizon National Corp. to Fifth Third Bank of Cincinnati that was called off at the last minute and resulted in a lawsuit is now back on track.

Local Weather
Memphis, TN
Partly Cloudy
Wind: from the South at 11.5 gusting to 24.2 mph
Humidity: 96%


The Memphis Regional Chamber will host its Metro Business Council Breakfast today from 7:30 a.m. to 9 a.m. at The Crescent Club, 6075 Poplar Ave., ninth floor. The topic is "Economic Outlook for 2008." A panel of experts will be present to address the topic. The cost is $20 for chamber members and $30 for nonmembers. To R.S.V.P. contact Ericka Milford at emilford@memphischamber.com or 543-3518.

more events »

Senator Suggests Congress Shorten Break To Work on Econ Proposals

WASHINGTON (AP) - Congress should cut short its spring break to work on proposals this week that would tighten regulation of investment banks and help people facing foreclosure, a Republican senator said Sunday.

Proposals Would Enhance Secrecy for Lawmakers

NASHVILLE (AP) - Elected officials would be granted enhanced confidentiality protections under two measures scheduled for state Senate votes this week.

State Proposal Would Lift Cap on Toll Projects

NASHVILLE (AP) - There would be no limit on how many toll roads or bridges could be built in Tennessee under a proposal being considered in the General Assembly.

Window Closing for Carrier Combos to be Reviewed Under Business-Friendly Bush Administration

WASHINGTON (AP) - While talk of a combined Delta-Northwest and other airline mergers seems to be in a holding pattern, further delays could jeopardize carriers' chances of getting regulatory clearance under the business-friendly Bush administration.

Federal Home Loan Banks get $100B in Extra Mortgage-Buying Power

WASHINGTON (AP) - The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by $100 billion over two years in the latest government effort to stabilize the devastated market for mortgage-backed assets.

Ophelia Ford Returns to Capitol; Blames Illness on Ulcer

NASHVILLE (AP) - State Sen. Ophelia Ford returned to the Legislature Monday and said a bleeding ulcer caused her to be absent since the session started in January.

Bill Would Prevent Copyright Infringement by College Students

NASHVILLE (AP) - Legislation that would prevent college students from using their schools' Internet resources to download copyright material has moved out of the Senate.

Is He or Isn’t He? Herenton Backtracks on Resignation Plans

Less than a week after he said he was going to give up the office of mayor in July, Willie Herenton has taken back what originally seemed to be a simple but stunning plan to leave the mayor’s office with plenty of notice.

Supporters of Abortion Amendment Look for Full House Vote

NASHVILLE (AP) - The House sponsor of a proposal to change the Tennessee Constitution to allow the state to impose greater limits on abortions is trying to rally enough votes to bring the measure to a full floor vote.

Sign-Up For Our Free Email Edition
Get the news first with our daily email

Blog News, Training & Events
PROPERTY SALES 78 78 13,921
MORTGAGES 93 93 16,098
BUILDING PERMITS 242 242 28,995
BANKRUPTCIES 59 59 8,985

Weekly Edition

Issues | About

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