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VOL. 126 | NO. 91 | Tuesday, May 10, 2011

Obama Chooses Booker T. Washington HS for Speech

Barack Obama will make his first trip to Memphis as president to deliver a commencement address at Booker T. Washington High School, the White House announced Tuesday.

Finding High Ground

As river crests, officials look to slow recovery

The Mississippi River was set to crest at Memphis early Tuesday morning at 48 feet and begin a very gradual drop of a few inches a day.

Shelby Forest Residents Wait, Watch

As the region prepared for the Mississippi River to crest, it was pretty much business as usual Monday morning at Shelby Forest General Store, 7729 Benjestown Road, near Meeman-Shelby Forest State Park, as regulars stopped in for breakfast and exchanged neighborhood news on the front porch.

Special Coverage: Mid-South Flooding

Coverage of the rising waters in the Memphis area

Apollo Slated to Buy EPE Parent Co.

The New York-based entertainment company that owns Elvis Presley Enterprises is being bought by Apollo Global Management, an asset management firm.

Local Weather
Currently
Memphis, TN
49.0°F
Fair
Wind: from the North at 10.4 gusting to 21.9 mph
Humidity: 41%

EVENTS

The National Association of Women Business Owners Memphis will meet Tuesday from 11:45 a.m. to 1 p.m. at The Crescent Club, 6075 Poplar Ave. Deidre Malone of the Carter Malone Group will present “What’s New in PR and Marketing.” For more information or to register, contact Barbara Knight at bknight@rrmg-hr.com or Nita Black at 413-1315, or visit www.nawbo.org.

more events »

MED Gives Up $10M In County Funding

Shelby County Mayor Mark Luttrell and the Shelby County Commission are still considering layoffs and service cuts to balance the county’s budget for the upcoming fiscal year.

Plant Follows Blueprint for Project Success

First come the months and years of deal-making and finger-crossing. After that, the big announcement.

Builder Struggles Continue Into Spring

As permits decline and construction costs rise, local builders urge prospective buyers to act now before the price of new homes continues to climb.

1969 Conviction Heads Back to Criminal Court

A 42-year-old murder case is on its way back to Shelby County Criminal Court, this time for a new trial with new evidence.

Sanderlin Nursing Home Financed for $4.8M

5070 Sanderlin Ave., Memphis, TN 38117, Loan Amount: $4.8 million -
Parsons, Tenn.-based Bright Glade Long Term Facility Inc. has received a nursing home at 5070 Sanderlin Ave. via quitclaim and financed the home for $4.8 million through Lancaster Pollard Mortgage Co. The loan is due June 1, 2036.

Maximizing Leverage

Real estate is typically a corporation’s second- or third-largest expense. Even if the cost of a lease isn’t a major monetary expense relative to its revenue, the indirect cost of a bad decision due to poor location or lack of lease flexibility can be quite significant.

A Tale Of Two Seasons

With another successful earnings season now largely behind us, last week ushered in expectations season with plenty of crosscurrents to fret over. Higher retail sales clashed with lower GDP growth, falling commodity prices accompanied a sell-off in stocks, Treasury yields fell while the Fed inflates and the best monthly job report in years accompanied an uptick in the unemployment rate.

Storms, Floods and Life Lessons

Here are a couple of short stories my friend Susan Drake (another Memphian) and I wrote several years ago. Considering what has happened recently, and what is happening now, I think it’s a good time to share them.

MEMPHIS AREA

Announcement in Obama High School Competition Delayed

MEMPHIS (AP) – The White House has delayed its announcement on which of three high schools from around the country has won a commencement address by President Barack Obama.

NATIONAL BUSINESS

H&R Block Tumbles on Fears Regarding Mortgages

NEW YORK (AP) – Shares of H&R Block Inc. led the S&P 500 downward Monday on renewed fears that the company will be dragged back into a subprime mortgage mess.

McDonald's Sales Figure Rises 6 Percent in April

OAK BROOK, Ill. (AP) – Sales of McDonald's shakes, coffee drinks and breakfast food helped revenue at its restaurants open at least 13 months rise 6 percent in April, the company said Monday.

NATIONAL POLITICS

Despite Differences, Obama, GOP Eye Medicare Limit

WASHINGTON (AP) – Unlikely as it may seem, President Barack Obama and Republicans in Congress actually share some common ground on the need to curb Medicare costs to fight the spiraling federal debt.

Obama to Discuss Deficit Reduction With Lawmakers

WASHINGTON (AP) – President Barack Obama will meet separately this week with Senate Democrats and Republicans to discuss ways to bring down the nation's deficit.

HEALTH CARE

Defense Bill Ups Health Care Fees, Vets to Oppose

WASHINGTON (AP) – The chairman of the House Armed Services Committee has unveiled a defense bill for the next budget year that includes a slight increase in health care fees for working-age military retirees.

Tenet Rejects Higher Community Health Offer

DALLAS (AP) – Hospital operator Tenet Healthcare Corp. on Monday rejected Community Health Systems Inc.'s latest buyout offer, which had been increased by about 21 percent.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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