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VOL. 124 | NO. 68 | Wednesday, April 8, 2009

UPDATE: City Gets Reprieve on Paying $57M to Schools

The City of Memphis doesn’t have to pay the Memphis City School system $57 million – for now.

Blues Legend Bland Sues Man Who Claims to be His Son

Blues legend Bobby “Blue” Bland is suing a California man who claims to be his son, according to court papers the Memphis recording artist has filed.

Council Approves PILOT Rule Changes

Herenton Budget Preview Includes No Tax Hike Request

The Memphis City Council has approved changes to the system of tax breaks used to recruit new businesses and encourage business expansion in Shelby County.

Lausanne’s Expansion Calls for New Library, Gymnasium

Lausanne Collegiate School is bolstering its academic and athletic programs with a $12 million investment that will bring a new library and indoor/outdoor sports complexes to the East Memphis private school.

Lifeblood Might Seek New Building

Memphians may want to consider building a new Mid-South Regional Blood Center that can withstand earthquakes as Lifeblood begins a strategic planning process to set priorities for the next three to five years.

Local Weather
Currently
Memphis, TN
72.0°F
Partly Cloudy
Wind: Southwest at 6.9 mph
Humidity: 97%

EVENTS

Talk Shoppe will present “Keep Swinging: An Entrepreneur’s Story of Overcoming Adversity and Achieving Small Business Success” today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. Jay B. Myers, president and chief executive officer of Interactive Solutions Inc., will present the seminar. For more information, call Jo Garner at 482-0354.

more events »

Wrestling Promoter Preps For County Clerk Run

Wrestling promoter and television personality Corey Maclin is the latest Democratic candidate to announce his intentions for the 2010 countywide elections.

School System, City Back in Court Today

In mid-February, Shelby County Chancellor Kenny Armstrong ruled the city of Memphis was wrong to have cut some of its funding to the Memphis City Schools system.

Covenant Bank Names Burnett Executive VP

Charles R. Burnett has been hired as executive vice president for Covenant Bank.

Tenn. May Use Web to Notify Constitution Changes

NASHVILLE, Tenn. (AP) – A proposal to amend the Tennessee Constitution to allow greater restrictions on abortions could for the first time allow the state to notify citizens about a change in the document using government Web sites.

CEOs See More Layoffs; Decline in Spending, Sales

NEW YORK (AP) – In a sign of the deep pessimism gripping corporate America, an index tracking the outlook of chief executives of some of the country's biggest companies dropped to its lowest level since the survey began in 2002.

Consumer Borrowing Dips More Than Expected in February

WASHINGTON (AP) – Consumer borrowing plunged more than expected in February as Americans cut back their use of credit cards by a record amount.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 78 13,921
MORTGAGES 93 93 16,098
FORECLOSURE NOTICES 5 5 2,207
BUILDING PERMITS 242 242 28,995
BANKRUPTCIES 59 59 8,985
BUSINESS LICENSES 29 29 4,730
UTILITY CONNECTIONS 37 37 5,570
MARRIAGE LICENSES 37 37 3,019

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