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VOL. 125 | NO. 77 | Wednesday, April 21, 2010

IDB Approves Lucite Retention PILOT

The city-county Industrial Development Board on Wednesday approved a 15-year payment-in-lieu-of-tax (PILOT) retention program for Lucite International to invest $90 million in its Memphis-area operation and keep 200 jobs intact.

Annesdale Mansion Listed for $1.2 Million

Annesdale, commonly referred to as the Snowden Mansion, is on the market for $1.2 million.

Thompson & Co. Plans to Fill Vacant Smooth Moves Space

A Center City Commission-affiliated board on Wednesday approved almost $270,000 in financial incentives to support developing new businesses, jobs and service providers Downtown.

First Horizon Presents Positive Outlook

NASHVILLEFirst Horizon National Corp. executives said Tuesday morning shareholders can expect the Memphis-based company to return to profitability and repay emergency federal capital soon.

Chattanooga Investors Buy Third Memphis Property

An out-of-town investment company has bought its third Memphis apartment complex in less than a year, bringing its total to 590 units.

Local Weather
Memphis, TN
Wind: South at 6.9 mph
Humidity: 69%


The Alliance for Nonprofit Excellence will host “A Conversation with Mayor Wharton” Wednesday at 8:30 a.m. in Spain Auditorium at Christian Brothers University, 650 East Parkway S. Memphis Mayor A C Wharton Jr. will speak about how his administration is helping the city’s nonprofits weather the recession. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

Local Care-Giving Market Growing Quickly

Dr. Daron Merryman, a physician from Jonesboro, is the latest entrant into an expanding pool of personal care service providers in Memphis.

Mabon Joins Leadership Memphis As Marketing Coordinator

Lauren Mabon has joined Leadership Memphis as marketing coordinator.

Finding a Different Lease on Life

Ray’s Take: Renting has a bad rap. I often surprise my clients if I recommend they rent. Most people associate renting with being a student and flushing money down the toilet monthly.

Indie Film’s Originality Helps Find Distributor

If originality is the key to breaking into the national indie film market, then Memphis filmmaker Mark Jones has found a rare niche indeed.


House OKs Naming Section of I-40 After Isaac Hayes

NASHVILLE (AP) - The state House has unanimously approved a measure to name a stretch of Interstate 40 in Shelby County after legendary soul singer Isaac Hayes.

Tenn. House Cancels Meetings for Hooks Funeral

NASHVILLE (AP) - The Tennessee House has canceled all committee meetings and a floor session on Wednesday so lawmakers can attend civil rights leader Benjamin Hooks' funeral in Memphis.


Palin Hacking Trial Gets Under Way

KNOXVILLE (AP) – A former college student charged with hacking Sarah Palin’s e-mail account fears some jurors in heavily Republican East Tennessee could be dazzled when the conservative star testifies.


Bill to Make it Illegal to Sell Fake Urine

NASHVILLE (AP) - A proposal that would make it illegal in Tennessee to sell fake urine for the purpose of falsifying a drug test is headed to the governor for his consideration.

Tenn. House Votes to Require Alarms in New Pools

NASHVILLE (AP) - New pools installed in Tennessee would have to be equipped with alarms under a bill narrowly passed by the House.

Bill to Prohibit Tax Dollars for Abortion Services

NASHVILLE (AP) - Legislation that would prohibit Tennessee tax dollars from being used for abortion services is headed to the governor for his consideration.

Full Senate to Vote on Barrett Firearms Road Plan

NASHVILLE (AP) - A Senate committee has sent a proposal to overrule the Tennessee Department of Transportation on the location of an access road for a firearms manufacturer to a full floor vote.


Schwab Settles Mortgage-Backed Securities Suit

SAN FRANCISCO (AP) - Charles Schwab will pay $200 million to resolve a federal class action lawsuit filed by investors who say the financial holding company misled them over the safety of mortgage-backed securities.


Delta Reports $256 Million Q1 Loss, Sees Q2 Profit

ATLANTA (AP)Delta Air Lines Inc. blamed heavy winter storms and one-time expenses for propelling it to a $256 million loss during the first three months of the year, though it said Tuesday it expects a solidly profitable second quarter as the peak summer season ramps up.

New Bank Tax Picks Up Support in Congress

WASHINGTON (AP) - A new tax on large banks is picking up support in Congress as Democratic lawmakers target financial institutions that benefited from the Wall Street bailout to help pay for the Democrats' election-year agenda.

Census Says Women Equal to Men in Advanced Degrees

WASHINGTON (AP) - Women are now just as likely as men to have completed college and to hold an advanced degree, part of an accelerating trend of educational gains that have shielded women from recent job losses. Yet they continue to lag behind men in pay.

IMF Trims Estimate of Losses from Financial Crisis

WASHINGTON (AP) - The world's banks could be spared billions in losses thanks to a global economy that is recovering from the financial meltdown more quickly than initially expected.


US Court Voids Law Aimed at Animal Cruelty Videos

WASHINGTON (AP) - The U.S. Supreme Court, with only one dissenting vote Tuesday, struck down a U.S. ban on videos that show graphic violence against animals. The ruling cheered free speech advocates, but it raised concerns that more animals will be harmed.

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