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VOL. 126 | NO. 83 | Thursday, April 28, 2011

All Eyes Turn to Mississippi River

The Mississippi River at Memphis officially went above flood stage Wednesday morning with a reading of 35.36 feet at 9 a.m.

New Chapter

Last-minute rewrite spares Davis-Kidd Booksellers

Davis-Kidd Booksellers is staying open, ending weeks of uncertainty about the store’s future and frantic behind-the-scenes negotiations to keep it going.

Possible Settlement on Tap in Morgan Keegan Probe

Settlement terms have been reached between Morgan Keegan & Co. Inc., two top employees and the U.S. Securities and Exchange Commission in a long-running probe into the marketing and management of several of the Memphis company’s bond funds.

Burkett Leaving First Tennessee

Charles Burkett, president of banking at First Tennessee, is ending a four-decade career with the bank with his retirement at the end of this year, First Tennessee announced Wednesday.

New Farmers Markets Hit Needy Areas

Farmers markets have typically been seen as the domain of middle-class, college-educated, health-conscious consumers concerned about reducing their carbon footprint, knowing the origin of their food and supporting local farmers committed to sustainable practices.

Local Weather
Currently
Memphis, TN
56.0°F
Light Drizzle Fog/Mist
Wind: Southwest at 8.1 mph
Humidity: 100%

EVENTS

Baker, Donelson, Bearman, Caldwell & Berkowitz PC will hold a breakfast briefing titled “Wage and Hour Investigations: What to Do When the Department of Labor Comes Knocking” Thursday from 8:30 a.m. to 9:30 a.m. at the Holiday Inn Southaven, 280 Marathon Way in Southaven. For more information or to register, contact Nicolette Thomas at 577-2328 or nthomas@bakerdonelson.com.

more events »

Guide Aids Offenders On Return to Society

When a long stretch of traveling has to be done, especially if the journey is a difficult one, a travel guide often goes hand in hand with the journey.

Perl: Collaboration is Key for Memphis to Remain Competitive

The realities of business are undoubtedly changing.

‘Melrose Place’ Apartments Moving in to Orange Mound

What to call a refurbished apartment complex in Orange Mound near Melrose High School that aims to draw college students as tenants. Melrose Place, of course.

Komen Affiliate Awards 10 Grants

The Memphis/Mid-South Affiliate of Susan G. Komen for the Cure has awarded 10 grants totaling $723,925 to programs providing breast cancer services in the Mid-South.

Lakeland, Millington Residents Feel Effects of Rising River

The Mississippi River at Memphis isn’t due to crest until May 10. But the rising river is already making its presence known within Shelby County.

Letter to the Editor: Headline Unfairly Mischaracterizes Case

I am writing this letter on behalf of the Memphis Bar Association to correct what we believe to be a misperception created by the headline, “Six-Year Divorce Case Picture of Judicial Ineptness.”

Blaylock Inducted Into American College of Bankruptcy

David Blaylock of Glankler Brown PLLC was recently recognized by the American College of Bankruptcy for his high standard of professionalism by being inducted as a fellow into the organization.

Guerrilla Sales a Viable Tactic

Guerrilla warfare is by definition unconventional. It’s where a small group of combatants use less-structured, mobile tactics, such as ambushes and raids, to combat a larger, formal and less mobile army.

Accolades for Stuff Reprinted

For the past two weeks I’ve quoted from “Real Lawyers Do Change Their Briefs” (1989), a book that's more than 20 years old.

STATE LEGISLATURE

Parking Lot Guns Bill Withdrawn From Tenn. House Vote

NASHVILLE (AP) – A proposal to give employers immunity from lawsuits if they allow workers to store guns in vehicles parked on company lots was withdrawn Wednesday before a full House vote could take place.

Tenn. Bill to Allow Corporate Contributions Advances

NASHVILLE (AP) – A measure to allow corporations to make direct contributions to political candidates is advancing in the Tennessee Legislature.

Lawsuit Damages Bill Advances in Tenn. Senate

NASHVILLE (AP) – Gov. Bill Haslam's proposal to limit lawsuit damages is advancing in the Tennessee Legislature.

REGIONAL

Trustmark Q1 Earnings Largely Flat

JACKSON, Miss. (AP)Trustmark Corp., which has 150 banking offices in the South, posted a first-quarter profit largely unchanged from a year ago as the company continued reducing its number of bad loans, the company reported.

NATIONAL BUSINESS

Unemployment Falls in 80 Pct. of Large Cities

WASHINGTON (AP) – The unemployment rate fell last month in more than 80 percent of the nation's largest metro areas, adding to evidence that the recent pickup in hiring is widespread.

Apple Denies iPhones Store User Location

NEW YORK (AP) – Apple says the idea that iPhones store their users' locations is based on a misunderstanding of how the phones help determine where they are.

NATIONAL POLITICS

Fed Says $600B Bond Program to End in June

WASHINGTON (AP) – The U.S. economy and job creation have strengthened enough for the Federal Reserve to end on schedule a program of buying Treasury bonds to help the economy, the Fed said Wednesday.

Bernanke Offers Clues About Steps to Raise Rates

WASHINGTON (AP) – At a historic news conference, Federal Reserve Chairman Ben Bernanke offered clues Wednesday about when and how the Fed would begin raising interest rates.

Court Imposes Limits on Class Actions

WASHINGTON (AP) – The Supreme Court on Wednesday limited the ability of people to combine forces and fight corporations together when they want to dispute contracts for cell phones, cable television and other services, a move consumer advocates called a crushing blow.

Fed: Better Jobs Outlook, Higher Inflation in 2011

WASHINGTON (AP) – Federal Reserve officials are more upbeat about the prospects for employment for the rest of this year but foresee higher inflation than they did at the start of the year.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 80 80 6,019
MORTGAGES 107 107 7,199
FORECLOSURE NOTICES 0 0 1,115
BUILDING PERMITS 0 0 12,591
BANKRUPTCIES 53 53 4,400
BUSINESS LICENSES 28 28 2,391
UTILITY CONNECTIONS 0 0 2,540
MARRIAGE LICENSES 37 37 1,272

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