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VOL. 126 | NO. 61 | Tuesday, March 29, 2011

Buyer Poised to Acquire Plant From Hardy Bottling

City Brewing Co. LLC, which has production facilities in La Crosse, Wis., and Latrobe, Pa., is planning to buy the assets of Hardy Bottling Co. in Memphis for $30 million and to invest additional money in the facility over the next five years.

Still Singing the Blues

Local film to show misfortune, heartache of musicians

Local filmmaker Lee Gordon has a simple goal in mind for “This is Why We Still Sing the Blues,” a documentary he hopes to wrap up by the end of the year.

CRE Sales Up, Outlook Still Dour

February’s mixed bag of commercial real estate sales serve as evidence of the sluggish speculative market, which doesn’t appear to be staging a comeback in the foreseeable future.

Cash Gets Contract Extension From MCS Board

Memphis City Schools superintendent Dr. Kriner Cash’s contract has been extended by the MCS board up to the Aug. 2013 transition date for schools consolidation.

Agricenter Gives Region’s Ag Biz Place to Call Home

In the daily hustle and bustle of city life, it’s easy for Memphians to forget that the urban pocket they call home sits amid one of the nation’s richest agricultural regions.

Local Weather
Currently
Memphis, TN
91.0°F
Partly Cloudy
Wind: from the West at 10.4 gusting to 19.6 mph
Humidity: 57%

EVENTS

The 2011 NanoDays Celebration at the University of Tennessee Health Science Center will begin Tuesday at 8:30 a.m. with a presentation by Dr. Kattesh V. Katti titled “Green Nanotechnology in Medicine and Engineering” at the UT Hamilton Eye Institute, Freeman Auditorium, 930 Madison Ave. The NanoMedicine Symposium will be held from 11 a.m. to 1 p.m. in the UTHSC Cancer Research Building, 19 S. Manassas St.

more events »

Local Wrestling Doc Continues with Regular Run

The new documentary of the golden age of Memphis professional wrestling is getting a regular run this week at two Malco theaters, Studio on the Square in Midtown and Desoto Cinema 16 in Southaven.

SRVS Files Construction Loan for New Headquarters

3971 Knight Arnold Road, Memphis, TN 38118, Loan Amount: $3.3 million -
Shelby Residential and Vocational Services Inc., currently headquartered at 3592 Knight Arnold Road, has filed a $3.3 million construction loan through First Tennessee Bank NA for its new headquarters at 3971 Knight Arnold, about a mile east from its current spot.

Election Commission Certifies Election

The Shelby County Election Commission Tuesday certified the results of the March 8 special election.

Remembering Peter and His Principle

Enough time has passed that it might be a good idea to revisit the Peter Principle. Many of you might have forgotten it, or if you’re a young executive you may have never heard of it. However, if you choose to ignore the Peter Principle you might find out about it the hard way. You might get fired for incompetence!

Message Alignment Key to Success

Your family is planning its next vacation, and you’re looking for a great kid-friendly resort where you can spend the week basking in the sun.

Medicare Rise Could Mean No Social Security COLA

WASHINGTON (AP) – Millions of retired and disabled people in the United States had better brace for another year with no increase in Social Security payments.

STATE LEGISLATURE

Website Allows Venting on Government Regulation

NASHVILLE (AP) – Senate Speaker Ron Ramsey is giving Tennessee residents and small business owners a chance to vent.

GOP, Dems Clash Over 3rd Parties on Tenn. Ballot

NASHVILLE (AP) – Republicans are balking at a Democratic senator's proposal to make it easier for minor parties to be listed on the Tennessee ballot.

NATIONAL BUSINESS

Latest Airfare Increase Fails Over Weekend

DALLAS (AP) – The airlines' latest effort to broadly raise U.S. fares by $10 per round trip has crumbled as discount carriers like Southwest decided not to raise their prices.

Court to Take Up Huge Sex Bias Claim vs. Wal-Mart

WASHINGTON (AP) – Christine Kwapnoski hasn't done too badly in nearly 25 years in the Wal-Mart family, making more than $60,000 a year in a job she enjoys most days.

Consumer Spending and Incomes Rose in February

WASHINGTON (AP) – Americans earned a little more and spent a little more in February, thanks to a tax cut. But a big part of the extra money went to cover higher gas prices.

REAL ESTATE

Mortgage Myth: Nothing Tops the 30-Year Fixed Loan

NEW YORK (AP)MYTH: A 30-year mortgage with a fixed interest rate is always the most desirable option when buying a home.

GOP Shifts Strategy on Housing Market Overhaul

WASHINGTON (AP) – House Republicans plan to introduce eight bills on Tuesday that would each take a small step toward pushing taxpayer-backed mortgage giants Fannie Mae and Freddie Mac out of business, according to congressional aides and lobbyists.

More People Signed Contracts to Buy Homes in Feb.

WASHINGTON (AP) – More Americans signed contracts to buy homes in February, but sales were uneven across the country and not enough to signal a rebound in the housing market.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 29 82 1,716
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

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