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VOL. 123 | NO. 61 | Thursday, March 27, 2008

Prosecutor Meets With Herenton About Sex Plot

More than nine months after he was assigned the task of investigating an alleged blackmail plot targeting Memphis Mayor Willie Herenton, the special prosecutor brought in to pursue that case has sent the mayor a draft report of his findings.

Memphis Biofuels Disputes Contract Claim

The road to alternative fuels is proving to be a rocky one for Memphis Biofuels LLC.

Farris Mathews' Coury Inducted As American College of Bankruptcy Fellow

Michael P. Coury, a member of Farris Mathews Branan Bobango Hellen & Dunlap PLC, has been inducted as an American College of Bankruptcy Fellow.

Big Move

WKNO broke ground Wednesday on a $10 million digital media center on a 7.69-acre site at 7151 Cherry Farms Road on land donated by Harrah's Entertainment Inc. The 39,000-square-foot building will house the public television station's offices, production and broadcast operations, two TV studios, a high-definition (HD) editing suite and new digitally equipped FM studios. The station is currently housed in a pre-World War II building on the University of Memphis' south campus.

Tight Times in RE Market In Spite of High-Dollar Deal

Even though StoneCrest Investors LLC just unloaded $55.2 million worth of Cordova real estate, the Round Rock, Texas-based development company remains committed to the area, company CEO Brad Smith said this week.

Local Weather
Currently
Memphis, TN
86.0°F
Mostly Cloudy
Wind: South at 8.1 mph
Humidity: 75%

EVENTS

The Memphis Regional Chamber will hold its Breakfast Forum today from 7:30 a.m. to 9 a.m. at The Peabody, 149 Union Ave. 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 »

Leatherwood to Challenge Blackburn; Other Races Heating Up Too

The 9th Congressional District Democratic primary won't be the only challenge to an incumbent congressman whose district includes the Memphis area.

Spring Home-Selling Season Could Disappoint

NEW YORK (AP) - Home prices plunged by record levels in January from a year ago, with almost no major cities immune from the spiraling market. Analysts worried that even the usually reliable spring selling season would fall flat.

Primacy Sinks Roots Deeper in Asia

Thanks to Asia's manufacturing volume and Memphis' distribution network, plenty of links exist between these two faraway places, but the latest display of their connection doesn't involve the movement of products throughout the world.

Rinks Announces Retirement From State House

NASHVILLE (AP) - State Rep. Randy Rinks has announced he won't run for re-election.

Senate Panel Advances Proposal to Close Some Hospital Meetings

NASHVILLE (AP) - A state Senate panel has revised a proposal to allow public hospital officials to meet in private.

Paulson Calls for Broad Look at Whether Investment Houses Should be Under Federal Oversight

WASHINGTON (AP) - The crash of Wall Street's once mighty Bear Stearns underscores the need to bring investment houses under the kind of federal oversight that has long been given to commercial banks, Treasury Secretary Henry Paulson said Wednesday.

Lawmakers Mull Phasing in Retention Plan for Lottery Scholarship

NASHVILLE (AP) - Members of the Senate Education Committee on Wednesday discussed compromise legislation that would phase in a plan to lower the cumulative grade point average needed to maintain a lottery scholarship.

OFHEO: Conforming Loan Limit to Remain $417,000

WASHINGTON (Dow Jones/AP) - The limit on the size of loans eligible for purchase by Fannie Mae and Freddie Mac will not fall below the current $417,000 level, the firms' regulator said Wednesday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 68 321 13,763
MORTGAGES 79 340 15,906
FORECLOSURE NOTICES 0 24 2,163
BUILDING PERMITS 265 765 28,522
BANKRUPTCIES 49 227 8,877
BUSINESS LICENSES 28 113 4,678
UTILITY CONNECTIONS 25 118 5,511
MARRIAGE LICENSES 16 73 2,967

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