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VOL. 125 | NO. 91 | Tuesday, May 11, 2010

Condo Market Shows Signs of Rejuvenation

As the housing market begins a slow but steady comeback, the condominium sector is contributing its part after a particularly dreadful slump.

Above and Beyond

Banks pull out all stops for service

Banks try a little of everything to get customers in the door and build goodwill in the communities they serve.

Rum Boogie At Heart of Beale’s Growth, Future

The oldest bar and restaurant on Beale Street marks its 25th anniversary in June with more of the same – live music.

Daily News Recognized for State’s Best Website

The Daily News Online and Senior Reporter Andy Meek took top honors in the annual Associated Press state awards over the weekend.

Council Committee to Consider HR Director Appointment

Memphis Mayor A C Wharton Jr. takes his choice for a new city Human Resources director to the City Council Tuesday in committee sessions.

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 will meet Tuesday from 11:45 a.m. to 1 p.m. at Panchos Mexican Restaurant, 717 N. White Station Road. The meeting will include a discussion with Shelby County mayoral candidates. For more information, contact Nita Black at 413-1315 or nawbomemphiswomen@yahoo.com.

more events »

Community Foundation Proposes Increase in Giving

One of the city’s largest charitable foundations is in a better position to give because its investments beat market indexes.

Wright Medical Files Permit For Arlington Distribution Center

11481 Gulf Stream Ave., Arlington, TN 38002, Permit Amount: $2.2 Million -
Wright Medical Group Inc. has filed a $2.2 million building permit with the city-county Office of Construction Code Enforcement to renovate its recently acquired building at 11481 Gulf Stream Ave. near its Arlington campus.

Does Your Brand Speak Volumes?

You have a unique personality – a style and tone that makes you, you. Similarly, your company has a personality of its own. Is it coming through in your communication? If not, you’re missing an opportunity to connect with customers in an authentic way.

STATEWIDE

Cabinet Secretaries Announce Aid for Flood Victims

NASHVILLE (AP) — U.S. Secretary of Housing and Urban Development Shaun Donovan said the government has told all Federal Housing Administration lenders to put a 90-day moratorium on foreclosures for areas hit by recent flooding.

Court Filing Deadline Extended in Nashville

NASHVILLE (AP) — The Tennessee Supreme Court has said that it will extend the deadlines of all court filings in Nashville by one month because of the severe flooding in Music City.

Leftovers From Tenn. Governors at Online Auction

NASHVILLE (AP) — What do a set of Williamsburg chandeliers, a French marble-topped desk and a redwood sauna have in common?

Corker's Talk on Nation's Finances Ends in Silence

CHATTANOOGA (AP) — After getting greeted with a standing ovation in Chattanooga, an audience of some 500 people sat in silence after Republican U.S. Sen. Bob Corker talked in his hometown about the nation's financial future.

STATE LEGISLATURE

Democratic Leaders Raise Concerns About GOP Plan

NASHVILLE (AP) — Democratic leaders said Monday they're concerned about a Senate Republican proposal to eliminate $113 million in one-time bonuses for state employees and teachers as part of a plan to close Tennessee's budget gap.

NATIONAL BUSINESS

US Rule Move Favors Unions at Airlines, Railroads

WASHINGTON (AP) – In a major victory for organized labor, unions will have an easier time signing up airline and railroad workers after the Obama administration Monday changed a 76-year-old U.S. rule on union elections.

Exchanges Agree in Principle to New Rules

WASHINGTON (AP) — The leaders for major securities exchanges have agreed in principle to a uniform system of "circuit breakers" that would slow trading during periods of intense market volatility, U.S. regulators said Monday.

Market Gains Set Up CEO Pay Bonanza

NEW YORK (AP) — America's top CEOs are set for a once-in-a-lifetime pay bonanza.

Mississippi River Open; No Ships Being Cleaned Yet

NEW ORLEANS (AP) — The Mississippi River remains open to commercial traffic and no ships enering the waterway have yet required cleaning because of the oil spill in the Gulf of Mexico.

Oil Rebounds on European Loan Package

NEW YORK (AP) — Oil snapped a four-day losing streak and rebounded from last week's sell-off, rising to $78 a barrel Monday before reversing some gains after Europe and the IMF pledged nearly $1 trillion to help defend the embattled euro.

NATIONAL POLITICS

Elena Kagan Chosen by Obama for Supreme Court

WASHINGTON (AP) — President Barack Obama nominated Solicitor General Elena Kagan to the Supreme Court on Monday, declaring the former Harvard Law School dean "one of the nation's foremost legal minds." She would be the court's youngest justice and give it three female members for the first time.

REAL ESTATE

Fannie Mae Seeks $8.4B in Aid After Q1 Loss

WASHINGTON (AP) — Fannie Mae has again asked taxpayers for more money — this time $8.4 billion — after reporting another steep loss for the first quarter. The taxpayer bill for rescuing Fannie and its sibling Freddie Mac has grown to $145 billion — and the final tally could be much higher.

HEALTH CARE

New Coverage for Young Adults Will Raise Premiums

WASHINGTON (AP) — Letting young adults stay on their parents' health insurance until they turn 26 will nudge premiums nearly 1 percent higher for employer plans, the government said in an estimate released Monday.

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