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VOL. 125 | NO. 60 | Monday, March 29, 2010

UPDATE: Ford Transferred to Oklahoma City

Former state Sen. John Ford of Memphis is no longer a prisoner at the Memphis Federal Correctional Institution.

Tennessee Selected as a Race to the Top Recipient

The Wall Street Journal reports Tennessee has won a share of federal funding from the Race To The Top education reform program.

Midtown Big-Box Site Not Dead – Yet

Friday’s foreclosure notice announcing a sale on the courthouse steps of dozens of Midtown properties where a long-awaited mixed-use project has been planned for years is not an automatic death knell for the development.

Company Pursuing $250M Graceland Revamp in Sale Talks

The ownership of CKx Inc., the company that owns 85 percent of Elvis Presley Enterprises and which is pursuing a $250 million revamp of Graceland and the surrounding area, may be getting all shook up.

Cowart Pleads in Obama Assassination Plot

The case of two rural West Tennessee men accused of plotting to kill President Barack Obama at his inauguration ended Monday as the second of the two suspects pleaded guilty.

Local Weather
Currently
Memphis, TN
32.0°F
Fair
Wind: Calm mph
Humidity: 85%

EVENTS

David Moore, real estate agent at Home Realty Co. of Memphis, will host “Understanding the Structure of Hard Money Financing for Real Estate Investors and the Law Changes of Purchase Money Notes for Sellers Under the SAFE Act” today and every weekday from 8:30 a.m. to 5 p.m. at Home Realty, 3412 Park Ave. For more information, call 238-8909.

more events »

Independently Strong

Unlike their Wall Street brethren who for years made big bets chasing millions in quick profits, the management of Independent Bank has for 12 years followed a simple rule.

Stephenson Finds Success In Memphis

Susan Stephenson grew up in East Tennessee and followed her heart to Memphis when a young man she knew decided to attend graduate school here.

County Commission to Consider Strip Club Restrictions

Shelby County Commissioners are scheduled to take a final vote today on an ordinance that would better define restrictions on where strip clubs and other adult entertainment businesses can locate in the county.

Crye-Leike Considers Options for Midtown

When Harold Crye and Dick Leike bought the former Anderton’s seafood restaurant at 1895 Madison Ave. in 2007, the founders of the state’s largest realty firm had big plans for the property.

Mississippi Man Finds HogWine Dreams

After a long career in mental health, David Wilson decided to cash in on his chips –potato chips, that is.

Porter-Leath’s Mission Evolves Beyond Historic Orphanage

Despite decreases in funding, Porter-Leath continues working to solve the problems that tear Memphis families apart and put the city’s children at risk.

Economy, Wharton’s Tenure Cited As Reasons for Labor Peace

Memphis Mayor A C Wharton Jr. won’t have to factor in pay raises for employees as he puts together his first budget proposal.

THE MEMPHIS NEWS

Social Media Icons

It’s been 46 years since Marshall McLuhan declared, “The medium is the message.”

Social Media’s One Thing, But Reality is Another

What is it in our character that makes us devote so much attention to social media – social networking? Yet we are content to let the original social media – face to face communication – fade as a skill.

Twitter Makes the Man (or Woman, or Company, or ...)

Jen Simmons is a graphic designer for The Daily News and The Memphis News who also is an avid blogger and social media devotee.

Familiar Names Highlight Orpheum Season

Wicked witches, vengeful secretaries and friendly ogres highlight the upcoming 2010-2011 season of Broadway musicals at The Orpheum Theatre, whose president expects more laughter than tears from audiences.

Felicia Suzanne’s Signature Dish Sets Restaurant Apart

One in an occassional series on the signature dishes of local chefs.

Ringing In Spring With Hoopla Chardonnay

Iwas going to select the Hoopla Chardonnay 2006 as a harbinger of spring, but as I write these words it's cool and wet.

STATEWIDE

Gibbons Cites Lackluster Fundraising in Ending Bid

NASHVILLE (AP) – Republican Bill Gibbons of Memphis cited lackluster fundraising in abandoning his bid for Tennessee governor on Friday.

REGIONAL

Fees to Fully Fund Regulation of Casino Industry

JACKSON, Miss. (AP) — The regulation and enforcement of the casino industry in Mississippi will now be funded entirely through fees and fines.

With Demand Up, Lane Adds Jobs

TUPELO, Miss. (AP) — Lane Furniture is adding 186 workers to its operations in northeast Mississippi.

Arkansas' Unemployment Rate Rises to 7.7 Percent

LITTLE ROCK, Ark. (AP) — Arkansas' unemployment rate rose one-tenth of a percentage point to 7.7 percent last month but remains below the national rate of 9.7 percent.

Personal Income Falls 0.2 Percent in Arkansas in 2009

LITTLE ROCK, Ark. (AP) — Personal income in Arkansas fell by 0.2 percent last year — but the percentage change ranks as 10th best in the nation.

NATIONAL BUSINESS

Year-End Growth Spurt Not Likely to be Repeated

WASHINGTON (AP) — The burst of energy the U.S. economy showed at the end of last year isn't likely to be repeated anytime soon.

Chrysler to Let 50 Dealers Rejoin Sales Network

DETROIT (AP) — If your local Chrysler dealer was forced out of business by the company last year, it could soon be selling new cars again.

REAL ESTATE

Gov't Unveils Plan to Shrink Some Home Loans

WASHINGTON (AP) — Under pressure to stem the foreclosure crisis, the Obama administration launched a plan Friday to reduce the amount some troubled borrowers owe on their home loans and give jobless homeowners a temporary break.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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