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VOL. 124 | NO. 76 | Monday, April 20, 2009

Wall Collapses at Third and Union

One person was injured and three others narrowly escaped injury late Sunday morning when the brick facade of the Denny's restaurant at Union and Third collapsed.

Q1 Court Filings Remain Steady

The first three months of 2009 saw some changes at the Shelby County Courthouse.

Legislature Wades Into Lending Regulation Waters

Several bills are pending in both houses of the Tennessee General Assembly with support from Memphis-area lawmakers that propose new or updated rules for a specific corner of the financial services industry.

Beale St. Merchants Take City to Court

The Beale Street Merchants Association has joined the thickening legal fray over the finances of the entertainment district.

Holder Brings Judicial Selection Squabble to Town

Tennessee Supreme Court Chief Justice Janice Holder appeared to be in the mood to talk about basketball referees when she spoke at the Kiwanis Club of Memphis last week. At least that’s how she began remarks that have stirred the boiling pot that is the Tennessee Legislature’s debate on how best to select appeals court judges.

Local Weather
Currently
Memphis, TN
83.0°F
A Few Clouds
Wind: Southwest at 4.6 mph
Humidity: 82%

EVENTS

The Global Green Initiative will be today through Wednesday at the FedEx Institute of Technology on the University of Memphis campus. FedEx founder Fred Smith will be the keynote speaker and he will address “Transportation is in a State of Transformation.” Cost is $249 for all three days. For an itinerary or to register, visit www.gmfoundation.org.

more events »

The Daily News Enters World of Twitter

The Daily News and its sister weekly publication, The Memphis News, have joined the growing ranks of companies using Twitter to get their message out.

Sweet Bistro Memphis Closes

Sweet Bistro Memphis, the place in Cooper-Young where people could go for a slice of Bavarian strawberry cake or a tipsy mango martini to top off a dinner, closed its doors Wednesday.

User-Friendly Web Technology Developed for Small Businesses

The co-founders of Firefly, a new system that makes editing Web pages easy for the computer-challenged, filed their patent application two weeks ago and have landed their first clients.

Dem Chairman Says Horne Won't Run for Governor

NASHVILLE, Tenn. (AP) - Knoxville real estate developer Doug Horne has decided against joining the 2010 governor's race, state Democratic Party Chairman Chip Forrester said.

Regions Financial to Report Surprise Q1 Profit

NEW YORK (AP) - Regions Financial Corp. surprised investors with good news Thursday, saying it expects to report a profit for the first quarter when most analysts had predicted a significant loss.

Evidence Hearing Continues in Alleged Plot

JACKSON, Tenn. (AP) - A court hearing continues in Jackson for two white supremacists accused of plotting to kill President Barack Obama and dozens of other black people.

Arkansas Sets Up Camera for West Memphis Road Work

WEST MEMPHIS, Ark. (AP) - The Arkansas Highway and Transportation Department has set up cameras and Web site so motorists can check road conditions before they head through a construction area along interstates 40 and 55 at West Memphis.

Delta No Longer Sending Reservation Calls to India

ATLANTA (AP) - Delta Air Lines Inc. no longer is outsourcing reservation calls to India after years of complaints from customers who preferred to speak to someone in the United States.

Glaxo and Pfizer Create New HIV Drug Company

TRENTON, N.J. (AP) - Pharmaceutical giants GlaxoSmithKline PLC and Pfizer Inc. will pool resources to create a new company to develop and sell HIV medicines, leveraging a small investment into the No. 2 market position.

UPS, DHL End Talks Over Airlift Agreement

ATLANTA (AP) - UPS Inc. said Friday that talks with DHL about carrying some of its air packages have ended, scuttling a venture that originally was expected to generate up to $1 billion in annual revenue for the world's largest shipping carrier.

Starwood Hotels Accuses Hilton of Stealing Secrets

NEW YORK (AP) - Starwood Hotels & Resorts Worldwide Inc. is suing Hilton Hotels Corp. and two of its executives, saying its rival stole secrets about Starwood's luxury brands.

Citigroup Tops Forecasts, But Caution Lingers

NEW YORK (AP) - For big banks like Citigroup, the first quarter of 2009 may turn out to be the best of the year.

Finance Unit Woes Lower GE Earns 36 Pct

WASHINGTON (AP) - General Electric Co.'s first-quarter earnings fell 36 percent as profits tumbled at its troubled finance arm, but the results beat Wall Street forecasts in a glimmer of good news for the struggling company.

Mixed Signals Abound, But Economy Remains Weak

WASHINGTON (AP) - A flurry of better-than-expected bank earnings reports this week, coupled with some tentatively encouraging economic data, suggest the economy and the financial system might not be quite as sick as many had believed.

GM CEO Says Bankruptcy Probable But Not Preferred

DETROIT (AP) - General Motors Corp. Chief Executive Fritz Henderson said Friday that a bankruptcy filing is "probable" because of the restructuring goals GM must meet to get more government loans, but that isn't the company's preferred option.

AP Sources: UAW Focusing on Talks with Chrysler

DETROIT (AP) - The United Auto Workers union has placed concession talks with General Motors Corp. on the back burner as it tries to reach a deal with Chrysler LLC before an April 30 government deadline, two people briefed on the negotiations said Thursday.

EPA Takes First Step Toward Climate Change Regs

WASHINGTON (AP) - The EPA on Friday declared that carbon dioxide and five other greenhouse gases sent off by cars and many industrial plants "endanger public health and welfare," setting the stage for regulating them under federal clean air laws.

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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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