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VOL. 125 | NO. 61 | Tuesday, March 30, 2010

Elvis Parent in Sale Talks

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

Mr. Ching's Opus

Opera Memphis seeks to fill director’s shoes

Songs of farewell are staples of operatic repertoire, but supporters of Opera Memphis soon will be singing a new lament.

Loan Changes Could Alter Market

The Federal Housing Administration will enact a couple of changes in its loan procedures, including one going into effect next week, but how much they bear on home sales remains to be seen.

Ford Transferred to Oklahoma City

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

Herenton Takes Aim at August Primary

Former Memphis Mayor Willie Herenton said he and U.S. Rep. Steve Cohen, D-Memphis, may agree on some issues as they campaign in the August Democratic primary for the 9th District congressional seat.

Local Weather
Currently
Memphis, TN
55.0°F
A Few Clouds
Wind: Variable at 3.5 mph
Humidity: 29%

EVENTS

Baker, Donelson, Bearman, Caldwell & Berkowitz PC will present “Top Ten Ways to Reduce Your Wage and Hour Liability” today from 8:30 a.m. to 9:30 a.m. at the Holiday Inn, 280 Marathon Way in Southaven. The event is free. To register, contact Nicolette Thomas at 577-2328 or nthomas@bakerdonelson.com.

more events »

Race to Top Funding Awarded to Tennessee

Tennessee always had an inside track on winning a share of federal Race to the Top funding.

TARP Continues to Pay Dividends

The federal government’s investment in more than half a dozen Memphis-area banks through the financial industry rescue program keeps paying dividends.

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.

Gibbons Considers Snafus In Governor Quest

In the end it was about money, not message, Bill Gibbons said last week as he ended his bid to become only the state’s third governor from Shelby County.

American Esoteric Laboratories Buys Land for New Headquarters

1701 Century Center Parkway, Memphis, TN 38134, Sale Amount: $2 Million -
American Esoteric Laboratories has formally bought the land where it will build a $14.3 million lab and headquarters for the company’s Mid-South division.

MEMPHIS AREA

FedEx to Introduce Its First Electric Truck in US

CHICAGO (AP) - FedEx Corp. reported Monday that it will put four electric trucks into service in the Los Angeles area starting in June.

STATEWIDE

Tenn. Governor, Lawmakers Celebrate 'Race to Top'

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen and lawmakers are celebrating Tennessee being named one of two states to qualify for federal "Race to the Top" education money.

Dollar General Promotes Two Executives

GOODLETTSVILLE, Tenn. (AP) - Dollar General Corp. promoted two executives in its supply-chain and personnel divisions, the bargain store said Monday.

REAL ESTATE

Real Estate Agent Group Spent $5.6M Lobbying in Q4

WASHINGTON (AP) - The National Association of Realtors spent $5.6 million lobbying the federal government in the 2009 fourth quarter as it pressed for measures to aid the hobbled housing market, according to a recent disclosure form.

Mortgage Brokers Association Spent $425K Lobbying in Q4

WASHINGTON (AP) - The National Association of Mortgage Brokers spent $425,000 in the fourth quarter to lobby the federal government on housing and other issues, according to a disclosure report.

NATIONAL BUSINESS

GlaxoSmithKline Launches Free Vaccine Program

NEW YORK (AP) - British drugmaker GlaxoSmithKline PLC reported Monday it is launching a program in the U.S. to provide free vaccines to adults who don't have health insurance.

Treasury Says It Will Begin Selling Citi Shares

NEW YORK (AP) - The U.S. Treasury Department reported Monday it will begin selling the stake it owns in Citigroup Inc., which could result in a profit to the government of about $7.5 billion.

Boeing Calls Key 787 Test Results 'Positive'

NEW YORK (AP) - Boeing Co. has reported that the results of a key airworthiness test for its long delayed 787 are "positive," but it will be weeks before the aircraft maker can say whether it's a success.

Ex-IBM Exec Pleads Guilty in Inside Trading Case

NEW YORK (AP) - A former IBM senior executive pleaded guilty Monday to federal charges arising from what prosecutors call the largest insider trading case in hedge fund history.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 331 19,904
MORTGAGES 80 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 35 231 13,335
BUSINESS LICENSES 28 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 21 94 4,936

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