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VOL. 125 | NO. 69 | Friday, April 9, 2010

UPDATE: Alexander Reacts To Stevens Retirement

Retiring U.S. Supreme Court Justice John Paul Stevens is the justice whose circuit includes Memphis.

Gearing Up

Grass gets greener for local ad firms

Is it springtime for the advertising industry?

Local AAF Prez Ewing Discusses Effects of Recession

Susan Ewing is president of the American Advertising Federation’s local chapter and director of client services at inferno.

CCRFC to Consider Tax Freeze for Downtown Projects

Gene Carlisle may be redeveloping the former sales center for One Beale at 263 Wagner Place into approximately 16,000 square feet of Class A office space.

New Morgan Keegan Details Emerge

The former president of Morgan Keegan & Co. Inc.’s asset management unit was questioned under oath in October by regulators scrutinizing some of the company’s mutual funds.

Local Weather
Memphis, TN
Light Rain
Wind: from the North at 12.7 gusting to 20.7 mph
Humidity: 82%


The Greater Memphis Chamber will host a conversation with Senator Lamar Alexander today from 11:30 a.m. to 1 p.m. at Opera Memphis, 6745 Wolf River Boulevard. Cost is $25 for members and $35 for nonmembers. To register, contact Ericka Milford at 543-3518 or emilford@memphischamber.com.

more events »

Savage Spreads Word Of Women’s Role in Engineering

A high school aptitude test told Heather Savage she should become a secretary, but she set her sights a little higher.

Memphians: Face it, You’re Funky

funky adjective (funkier, funkiest ) informal

Midtown’s Towery Building Faces Foreclosure

The Midtown office building at 1835 Union Ave. that houses the sheriff campaign headquarters of Randy Wade has been foreclosed.

Southwind Apartment Complex Foreclosed

The 306-unit Preserve at Southwind Apartments near Hacks Cross Road and Tenn. 385 in Southeast Shelby County has been foreclosed and will be sold on the Shelby County Courthouse steps, according to a notice on Page 37 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

Event Brings Awareness to MED Brain Injury Services

The “Ride for Your Mind (and Walk for Thought)” on Saturday will raise money to prevent head injuries and help people cope with brain trauma.

Seminar Reveals Magic of Small-Biz Success

Chris Crouch said he hopes no one has seen the magic trick he plans to perform at a coming SmallBizMemphis.com seminar, but he’s certain the advice he gives won’t be laden with clichés.

House Sponsor to Revive Equal Custody Proposal

NASHVILLE (AP) – The House sponsor of a proposal that sought to grant equal custody to divorced parents in Tennessee said Thursday he plans to revive an amended version after withdrawing it two days ago.


Industrial Employment Down in Mississippi

JACKSON, Miss. (AP) - Outsourcing and the economic recession have contributed to a decline in Mississippi industrial jobs over the last year, according to a new report.


Homebuyers Scramble as Mortgage Rates Jump

WASHINGTON (AP) - The era of record-low mortgage rates is over.


Initial Jobless Claims Increase Unexpectedly

WASHINGTON (AP) - The number of newly laid-off workers seeking unemployment benefits rose last week, a sign that jobs remain scarce even as the economy recovers.

Retailers Report 4th Consecutive Month of Gains

NEW YORK (AP) - Warmer weather and an earlier Easter enticed shoppers into stores for spring merchandise in March, helping retailers post strong sales gains for the month.

SEC Seeks Tighter Rules on Asset-Backed Securities

WASHINGTON (AP) - Federal regulators proposed new, stricter rules Wednesday for asset-backed securities, the bundles of loans that helped spark the market's collapse in 2008 and nearly brought down the financial system.

Bernanke: Housing, Jobs Biggest Economic Hurdles

WASHINGTON (AP) - Problems in the housing market and high unemployment are the biggest economic challenges the nation faces, Federal Reserve Chairman Ben Bernanke said Wednesday.

Rubin is Challenged on Role in Citi's Risk-Taking

WASHINGTON (AP) - Robert Rubin, the former financial superstar once lionized for his global crisis-fighting prowess, was scolded Thursday over the mortgage-securities disaster at Citigroup Inc. when he was a top executive there. His claim he didn't know of the risks piling up drew a sharp retort.

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PROPERTY SALES 110 188 14,031
MORTGAGES 126 219 16,224
BUILDING PERMITS 170 411 29,164
BANKRUPTCIES 57 116 9,042

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