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VOL. 130 | NO. 70 | Friday, April 10, 2015

First Horizon Reaches $212.5 Million Mortgage Settlement with Feds

First Tennessee Bank has reached a deal with the U.S. Department of Justice and the U.S. Department of Housing and Urban Development over claims related to the bank’s underwriting and origination of certain FHA-insured mortgage loans.

Open Season

Mud Island River Park Ready for Busy 2015

Mud Island River Park opens for its 34th year Saturday, April 11, with high hopes for the effect a reopened Pyramid will have on its attendance and still moving plans for a tie in to the busier riverfront.

Brooks Gets Probation For False Address

Former Shelby County Commissioner Henri Brooks was sentenced Thursday, April 9, to a two-year suspended sentence on probation, a mental health evaluation and 80 hours of community service for repeatedly listing a false address on public campaign documents over a four-year period.

Shelby County Mortgage Market Grows 23 Percent in March

The last month of the first quarter showcased a Shelby County mortgage market with abundant vitality, including evidence that plenty of demand exists among buyers eager to sign on the dotted line.

Workforce Group Elects Downtown for Office

The Greater Memphis Alliance for a Competitive Workforce has found a headquarters location Downtown, leasing 2,967 square feet at the One Commerce Square office tower.

Local Weather
Currently
Memphis, TN
84.0°F
Mostly Cloudy
Wind: Southeast at 4.6 mph
Humidity: 77%

EVENTS

Whitehaven Healthy Community Day will be held Saturday, April 11, from 8 a.m. to noon at Methodist South Hospital, 1300 Wesley Drive. The event will include a 5K timed run at 8 a.m., two-mile health walk at 8:30 a.m., and health fair from 9 a.m. to noon. Visit methodisthealth.org/healthwalk or call 901-516-3580.

more events »

Collins Plots Different Course for Memphis Mayoral Bid

Backers of Memphis mayoral contender Harold Collins are referring to his campaign as a crusade in which incumbent Mayor A C Wharton Jr. and Collins’ City Council colleague Jim Strickland may have claimed most of the contributions and support of business leaders.

Autobahn Indoor Speedway Celebrates Grand Opening

Autobahn Indoor Speedway celebrated its grand opening this week with a fundraiser for St. Jude Children’s Research Hospital. The 40,000-square-foot go-karting center, at 6399 Shelby View Drive, features high-speed, electric karts that reach speeds of up to 50 mph.

SPORTS

The J-Hey Kid Starts Fresh With St. Louis Cardinals

Jason Heyward homered in his first big-league at-bat, which did not announce his arrival so much as confirmed it.

Grizzlies Find Themselves – At Least for 48 Glorious Minutes

That happy butt-slap Zach Randolph gave himself galloping down the court in the midst of the most jubilant night at The Grindhouse in months?

LOCAL COLUMNISTS

Let’s Face It

THE FACE OF UNINSURED TENNESSEE. I washed down my eggs with a big swig of cold reality, decidedly unsweet.

Updating Your Strategy

When it comes to job searching, one thing’s for sure. Times have changed. Over the past 20 years, the process for getting a job has been transformed. Most companies require you to apply online, and some even interview you via video chat.

STATE GOVERNMENT

Bill Would Make Bible Official State Book of Tennessee

NASHVILLE, Tenn. (AP) – Despite concerns that giving the holy Bible the same status as a salamander is a little tawdry and could be unconstitutional, Tennessee lawmakers are forging ahead with plans to make it the official state book – something at least two other states have failed to do.

Tenn. Lawmakers Can't Agree on Guns Bill Drafted as NRA Gift

NASHVILLE, Tenn. (AP) – It was supposed to be a welcoming gift from Tennessee lawmakers to the more than 70,000 people coming to the National Rifle Association's annual convention in Nashville this weekend.

House Passes Bill to Allow Tennessee Constables to be Armed

NASHVILLE, Tenn. (AP) – The state House has voted to allow constables in Tennessee to be armed if they are certified by the Tennessee Peace Officers Standards and Training Commission.

Bill to Do Away With Tennessee Helmet Requirement Revived

NASHVILLE, Tenn. (AP) – A proposal that seeks to do away with Tennessee's motorcycle helmet requirement was revived Wednesday and is advancing in the state Legislature despite concerns about how it would be enforced.

NATIONAL BUSINESS

PC Sales Declined – Again – in First Quarter

SAN JOSE, Calif. (AP) – Weak demand for desktop computers caused PC sales to plunge more than 5 percent in this year's first quarter, reflecting the industry's ongoing struggles with the shift to smartphones, tablets and other mobile gadgets.

Walgreens Aims to Close About 200 US Stores

Walgreens will shutter about 200 U.S. stores as part of an expanded cost reduction push, but the nation's largest drugstore chain has no plans to shrink in the wake of its combination with European health and beauty retailer Alliance Boots.

TECHNOLOGY

Apple Watch Isn't The Only Gadget Out This Week

NEW YORK (AP) – The public will have its first chance to see, touch and buy the Apple Watch on Friday, as Apple stores in the U.S. and eight markets abroad start previews and online orders commence.

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Blog News, Training & Events
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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