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VOL. 126 | NO. 59 | Friday, March 25, 2011

Mays Sets Monday Hearing in Schools Suit

U.S. District Court Judge Hardy Mays has set a tentative Monday hearing in the schools consolidation lawsuit, hours before the Shelby County Commission was scheduled to appoint citizens to a 25-member countywide school board.

Cloudy Skies

Delta’s cutbacks leave questions at Memphis International

Despite this week’s bad news, the fortunes of Memphis International Airport as a Delta Air Lines hub remain closely linked with Delta’s flagship hub at Atlanta’s Hartsfield-Jackson International Airport.

Hickory Hill Apartments Sell for $10M

Three apartment communities in the Hickory Hill Road/Knight Arnold Road area have sold for a combined price of $10 million.

Bank On Memphis Aims to Aid Unbanked, Underbanked

The everyday financial transactions of 45,000 Memphis households are done in cash, car title loans, money orders, third-party check cashing and payday loans.

Fred’s Sees 49 Percent Increase in Net Income

Major operational improvements, expanded gross margins and fewer mark-downs marked Memphis-based Fred’s Inc.’s strong earnings in its fiscal fourth quarter.

Local Weather
Currently
Memphis, TN
42.0°F
Fair
Wind: Northwest at 10.4 mph
Humidity: 53%

EVENTS

The Small Business Chamber Breakfast Club will meet Friday from 7:30 a.m. to 9 a.m. at Office Suites Plus, 6000 Poplar Ave., suite 250. For more information, call Melody Douglas at 261-5400.

more events »

MidSouthCon 29 to Unite Sci-Fi Fans

At least 1,500 sci-fi fans are expected to converge this weekend on the East Memphis Hilton at 939 Ridge Lake Boulevard.

U.S. Foodservice Files $21M Building Permit

A $21 million building permit application has been filed with the city-county Office of Construction Code Enforcement for the Memphis division of U.S. Foodservice Inc.

Long Combines Love for Design, Family Biz

Brent Long, vice president of special events for Holliday Flowers, literally grew up in his mother’s flower shop.

Character Will Always Stack Up

Stacked against giants. A few weeks ago, I wrote a column about the 40th anniversary of the Overton Park/I-40 decision, a uniquely Memphis accomplishment by unique Memphians. Since then, many have told me stories about your involvement or that of those you knew. I’d like to share one. It comes from a good friend, David Sims, a Memphian who now lives in Wilmington, N.C. I’m sharing it not just because it’s good, or because it made me laugh – David does that a lot – but because it points out that the richness of our characters is what gives cities character. Memphis is far richer than most.

Feasibility Study Important for Attaining Funds

This is the first of a two-part series.

STATE LEGISLATURE

Tenn. Bill Seeks to Limit Lawsuit Monetary Damages

NASHVILLE (AP) – A proposal by Gov. Bill Haslam to limit monetary damages from lawsuits in Tennessee is unnecessary and a jury should decide how much is awarded and not government, former U.S. Sen. Fred Thompson told a House panel Wednesday.

REGIONAL

Attempt to Revive Redistricting Fails in Senate

JACKSON, Miss. (AP) — The Mississippi Senate on Wednesday rejected a proposal aimed at jump-starting negotiations over legislative boundaries — an action that came after nearly all of the chamber's Republican members met privately with Lt. Gov. Phil Bryant.

REAL ESTATE

Rate on 30-Year Fixed Mortgage Rises to 4.81 Pct.

NEW YORK (AP) – Fixed mortgage rates edged up this week, but even 30-year rates below 5 percent have done little to boost home sales.

NATIONAL BUSINESS

Best Buy Plans to Get Small as Sales Fall

NEW YORK (AP) – Weak demand for pricey flat-screen TVs and notebook computers helped push Best Buy Co.'s fourth-quarter net income down 16 percent.

Walgreen to Spend About $429M for Drugstore.com

NEW YORK (AP) – Drugstore operator Walgreen Co. said Thursday it will spend about $429 million to buy online retailer drugstore.com in a deal that gives it access to 3 million online customers.

Applications for Unemployment Aid Drop Slightly

WASHINGTON (AP) – Fewer people applied for unemployment benefits last week, adding to evidence that layoffs are slowing and employers may be stepping up hiring.

NATIONAL POLITICS

Bernanke to Hold News Conferences 4 Times a Year

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke will begin holding news conferences four times a year to explain the Federal Reserve's interest rate decisions and its views on the economy.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 35 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

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