VOL. 126 | NO. 91 | Tuesday, May 10, 2011
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.
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.
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.
Coverage of the rising waters in the Memphis area
The New York-based entertainment company that owns Elvis Presley Enterprises is being bought by Apollo Global Management, an asset management firm.
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.
First come the months and years of deal-making and finger-crossing. After that, the big announcement.
As permits decline and construction costs rise, local builders urge prospective buyers to act now before the price of new homes continues to climb.
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.
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.
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.
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.
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 (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.
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.
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.
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.
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.
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.
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.