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VOL. 126 | NO. 73 | Thursday, April 14, 2011

Ford TennCare Corruption Conviction Overturned

Former state Sen. John Ford’s federal TennCare fraud and corruption convictions were tossed Thursday morning by the Sixth U.S. Circuit Court of Appeals.

Medical Breakthrough

Health care providers hope iPad can enhance their services

The fourth and final in a series about how the iPad is revolutionizing local business.

GSK Announces Plans to Sell Memphis Plant

Pharmaceutical giant GlaxoSmithKline Thursday announced plans to sell its manufacturing site at 2149 Harbor Ave. in Memphis, where products made include over-the-counter pain relievers Goody’s and BC Powder.

IDB to Vote on 14-Year PILOT for Mitsubishi Chemical

At next week’s meeting of the Memphis-Shelby County Industrial Development Board, the IDB is scheduled to vote on awarding a 14-year tax freeze for Mitsubishi Chemical Iconic Solutions U.S. Inc., a newly-formed subsidiary of Mitsubishi Chemical Corp.

All Sides Meet in Schools Consolidation Lawsuit

The players in the schools consolidation federal lawsuit met Tuesday evening to see if they have anything to talk further about.

Wine In Stores Bills Nixed for 2011

The House State and Local Government Subcommittee Wednesday delayed a vote on the bill that would allow wine sales in Tennessee grocery stores until after the legislature adjourns for the year.

Q1 Foreclosures See 23 Pct. Decline

On the surface, it might seem like an economic problem that has long bedeviled Shelby County is getting better.

Indy, Pitt Execs Share Aerotropolis Hurdles

Among the airport executives speaking at this week’s Airport Cities World Conference & Exhibition were the CEO of the airport with North America’s newest terminal and the CEO of an airport that built a $1 billion terminal for a passenger airline hub and then lost it.

Pow! Duo of Comic Book Stores See Continued Success

Batman, Superman, Spider-Man, the Fantastic Four and many other comic book heroes and heroines have commanded the attention of dedicated fans since their debuts in the middle of the last century.

Six-Year Divorce Case Picture of Legal Wrangling

Shem and Danielle Malmquist arrived at the Tennessee Court of Appeals in Jackson this past October without attorneys. They each represented themselves in an appeal of a Shelby County divorce case that has lasted six years over a marriage that lasted less than five months.

National Organization Engineers Without Borders Boosts Memphis Presence

Starting in June, Memphis will be able to boast a significant addition to its engineering resume, touching on design, education and philanthropy in one fell swoop.

Patterson Strikes Right Balance Between Legal Duties

The legal profession is often depicted by the scales of justice. That image is an appropriate one for Chris Patterson, who balances his time as a member with the Memphis firm Wiseman Bray PLLC and as town attorney for the city of Oakland, in neighboring Fayette County.

Money Doesn’t Equal Wealth

Ray’s Take: The people who look the richest can often be the ones closest to being broke. When you see people with expensive cars, big houses and fresh tan lines from exotic vacations, do you immediately think, “Wow they must be rich”?

Remark That Made me Think

I was sitting in Starbucks. Minding my own business. Reading the paper, actually. On a Monday morning.

STATEWIDE

Report: Tenn. Foster-Care Program Still Needs Work

NASHVILLE (AP) – A new report says that Tennessee's foster-care program is still struggling in some areas, including when it comes to helping children who will soon be out of the system because of their age.

STATE LEGISLATURE

Bid to Eliminate Tenn. Motorcycle Helmet Law Fails

NASHVILLE (AP) – The latest effort to rescind Tennessee's motorcycle helmet law for adult riders has failed for the year.

All Tenn. Legislative Acts and Resolutions to be Online

NASHVILLE (AP) – The secretary of state's office will be posting online all acts and resolutions, not just the ones required by law to be published.

Immigration Bills Advance in Tenn. House

NASHVILLE (AP) – Opponents of a proposal that would allow law enforcement agents in Tennessee to question suspects about their immigration status are concerned it will hurt the state's image.

NATIONAL BUSINESS

Consumers Buy More Retail Goods in March

WASHINGTON (AP) – Consumers spent more in March on furniture, electronics and at restaurants, but also paid more for gas.

Job Openings Rise to Highest Point Since Sept. '08

WASHINGTON (AP) – U.S. businesses in February posted the largest number of job openings in more than two years, evidence that hiring is picking up as the economy grows.

Businesses Boost Stockpiles for 14th Month

WASHINGTON (AP) – U.S. businesses added to their stockpiles in February for a 14th straight month and sales increased for an eighth consecutive month. The gains suggest factory orders will rise in the coming months.

NATIONAL POLITICS

House GOP Budget Retains Democratic Medicare Cuts

WASHINGTON (AP) – In a postelection reversal, House Republicans are supporting nearly $450 billion in Medicare cuts that they criticized vigorously last fall after Democrats and President Barack Obama passed them as part of their controversial health care law.

Obama Pivots, Eyes Medicare Changes, Tax Increases

WASHINGTON (AP) – Forcefully rejecting Republican budget-cutting plans, President Barack Obama on Wednesday proposed lowering the nation's future deficits by $4 trillion over a dozen years and vowed he would not allow benefit cuts for the poor and the elderly to pay for tax breaks for the rich.

Gov't Orders Lenders to Reimburse Homeowners

WASHINGTON (AP) — The U.S. government on Wednesday ordered 16 of America's largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.

Budget Pact Barely Touches Current-Year Deficit

WASHINGTON (AP) – A new budget estimate released Wednesday says that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent of the $38 billion in claimed savings by the end of this budget year.

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