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VOL. 124 | NO. 77 | Tuesday, April 21, 2009

Herenton Bombshell: May Run For Congress

Memphis Mayor Willie Herenton announced today that he has formed an exploratory committee to run for Congress in the 2010 elections.

New City Property Tax $3.25 or Less

During his 18th annual budget presentation to the Memphis City Council, Memphis Mayor Willie Herenton signaled the city’s current property tax rate of $3.25 per $100 of assessed value likely will be reduced for the coming fiscal year.

Business Licenses Reflect Uptick In Entrepreneurship

Now might not seem like the best time to open a business, but Kat Semrau said opportunities can be found even during a recession.

Herenton Says No New Taxes in Today's Budget Proposal

This was supposed to be the budget year Memphis mayor Willie Herenton was not looking forward to.

Assessor Releases Certifed Tax Rolls

The 2009 countywide reappraisal of property appears to have boosted Shelby County’s real estate value by about 10 percent, according to certified property figures released Monday.

Local Weather
Memphis, TN
Wind: South at 8.1 mph
Humidity: 94%


The Alliance for Nonprofit Excellence will present a workshop titled “Ethical Leadership” today from 8:30 a.m. to noon at the Alliance office, 5100 Poplar Ave., Suite 502. Kristi Tarbell will lead the workshop. Cost is $65 for members, $125 for nonmembers and $55 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

At 38, Ford Jr. Pens Memoir

When Harold Ford Jr. delivered the keynote address at the 2000 Democratic Party convention, the young, charismatic African-American congressman from Memphis was seen as the party’s next rising star.

‘Green’ Movement Sprouts Further Into Real Estate Biz

Lynn Pfund became “green” through the unlikeliest of circumstances – breast cancer. Now a survivor of that dreaded disease, Pfund, a 23-year real estate veteran and broker for Keller Williams, has become passionate about all things eco.

Local Political Candidates Popping Up Like Daisies

Candidates for the 2010 Shelby County elections continue to bloom in the political springtime of an off election year.

Modular Energy Plant To Be Installed at Le Bonheur

905 Poplar Ave., Memphis, TN 38105, Permit Amount: $13.6 Million -
Methodist Le Bonheur Healthcare has filed a $13.6 million permit application with the city-county Office of Construction Code Enforcement to install a modular system that will provide the energy needed to operate the $327 million Le Bonheur Children’s Medical Center rising at 848 Adams Ave.

Recession Pits Small, Big Banks Against Each Other

WASHINGTON (AP) – First they felt their reputations were stained by the financial meltdown. Now they’re paying a price they protest is unfair.

Glaxo Buys Stiefel Laboratories for $2.9 Billion

LONDON (AP) - British drug maker GlaxoSmithKline PLC said Monday it will pay $2.9 billion to buy American dermatology business Stiefel Laboratories Inc. – the latest deal in a flurry of mergers and acquisitions in the pharmaceuticals industry.

House to Hear Proposals on Guns in Tenn. Parks

NASHVILLE, Tenn. (AP) - The House is scheduled to hear proposals that would allow people with handgun permits to carry their weapons in local and state parks in Tennessee.

Bank of America Posts Q1 Profit But Stocks Fall

CHARLOTTE, N.C. (AP) - Bank of America Corp. warned of worsening loan default problems Monday even as it posted a first-quarter profit of $2.81 billion. Investors concerned about the banking industry's health sent financial stocks and the overall market sharply lower.

AIG Completes Preferred Stock Sale to Government

NEW YORK (AP) - American International Group Inc. completed a sale of preferred stock and issued warrants to the Treasury Department as part of a previously announced plan to receive additional financial support from the government, according to a regulatory filing submitted Monday.

Grant Will Extend Trail at Park in Hernando

HERNANDO, Miss. (AP) - A $100,000 grant from the Mississippi Recreational Trails program will allow Lee's Summit Park in Hernando to extend its trail.

Congress Tackles Credit Cards, Health Care, Energy

WASHINGTON (AP) - When lawmakers return to Capitol Hill this week, hammering out details of the budget passed before the spring break will be at the top of the agenda.

GM Exec Says 1,600 Will Lose Jobs in Next Few Days

DETROIT (AP) - About 1,600 white-collar workers at General Motors Corp. will lose their jobs in the next few days as the troubled automaker accelerates cost cuts in order to qualify for more government aid.

Report: Pharma Deals in Q1 Exceed All 2008 Deals

TRENTON, N.J. (AP) - The burst of drugmaker mergers announced in the first quarter is worth nearly 50 percent more than all the industry deals announced in 2008, according to a new report.

Bernanke: People Need to Hone Financial Know-How

WASHINGTON (AP) - Americans need to sharpen their financial know-how to help them best use their money, especially during the current economic crisis, Federal Reserve Chairman Ben Bernanke said Monday.

Measure to Relax Rules on Selenium

NASHVILLE, Tenn. (AP) - State legislators are debating a bill that would relax standards for release of the mineral selenium into Tennessee waters.

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PROPERTY SALES 94 494 11,526
MORTGAGES 99 552 13,427
BUILDING PERMITS 135 926 24,165
BANKRUPTCIES 63 276 7,473

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