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VOL. 131 | NO. 94 | Wednesday, May 11, 2016

Bank of New York Seeks Receiver for Warren and Tulane Apartments

The Bank of New York Mellon Trust Co. wants a federal judge to appoint a receiver for the Warren and Tulane Apartments owned by Global Ministries Foundation citing “an appearance of fraud” by GMF in a memorandum filed with the call for a receiver.

Weirich Gets Body-Cam Help Until July

Shelby County Commissioners approved Monday, May 9, three temporary positions for the Shelby County District Attorney General’s Office toward the rollout of Memphis Police Department body cameras.

Impact of Low Housing Inventory Spreads to Home-Staging Business

The low inventory of single-family homes means prices are higher and homes are selling quicker, but also that fewer people are dressing up their homes to make them more attractive to potential buyers in the market.

Resurrection Health Merges With Larger System

Resurrection Health, a faith-based, evangelical health service organization that’s opened a handful of Memphis-area clinics since launching in December 2014, has merged with a larger health system.

Last Word: Humdingers, Gangster Disciples Paper Work and Underground Day

Sometimes you think you know what is going on and then something happens like Chris Wallace, the general manager of the Memphis Grizzlies, grabbing a bite to eat Monday at Humdingers out east with former Grizz coach Lionel Hollins. Next thing you know there’s another possibility for the next Grizz coach – a return engagement that would be exceedingly rare.

Local Weather
Currently
Memphis, TN
77.0°F
Fair
Wind: Southeast at 3.5 mph
Humidity: 69%

EVENTS

Central Defense Staffing will host a job fair Wednesday, May 11, from 9 a.m. to 3 p.m. at The Landers Center, 4560 Venture Drive in Southaven. CDS is seeking to fill hundreds of positions for all shifts at accounts in North Mississippi. Applicants should come prepared for an interview. For more information and details on available positions, call 901-473-6385.

more events »

Gangster Disciples Case Alleges Attempted Murder, Threats

When reputed members of street gangs are indicted on federal charges, the indictments are usually brief and technical.

Rallings May Seek Permanent Director Post

When law enforcement brass talk about putting “drugs and guns on the table” – it’s a literal expression of a police department touting its ability.

MEMPHIS NEWSMAKERS

Dave Thomas Named CEO Of Kemmons Wilson Insurance

Dave Thomas has joined Kemmons Wilson Insurance Group as chief executive officer. In this role, he’s responsible for overseeing day-to-day operations and also is tasked with growing the Memphis-based property and casualty insurance company. Thomas has 40 years of experience in the insurance industry, most recently serving as CEO of Louisiana Citizens Property Insurance Corp.

LOCAL COLUMNISTS

More Than Just Hard Work

One of the most common messages I received as a child was, “work hard and you will be rewarded.” This sentiment was echoed by loved ones, teachers, and mentors. There’s a good chance you heard the same rumor about life being fair and equitable.

Trust Creates Sales Advantage

I find myself inspired today by a book, recommended by a colleague, called The Speed of Trust by Stephen M. R. Covey. You are probably familiar with Covey’s father, who wrote The 7 Habits of Highly Effective People.

STATEWIDE

GOP Fractures Ruin Reagan Day Fundraiser in Tennessee

NASHVILLE, Tenn. (AP) – Reagan Day fundraisers have been a staple of GOP politics ever since the Great Communicator made a point of promoting the 11th Commandment – thou shalt not speak ill of a fellow Republican. But in the conservative suburbs east of Nashville, the event has become too poisonous to be held this year.

NATIONAL BUSINESS

Budweiser Becomes ‘America.’ Drink Up. Or Not.

NEW YORK (AP) – There's no trademark on America.

Poll: Age, Income Factors in Staying With Single Employer

CHICAGO (AP) – A new poll says more than 40 percent of America's baby boomers stayed with their employer for more than 20 years. But it's unlikely that their children or grandchildren will experience the same job tenure.

HEALTH

FDA to Re-Evaluate Definition Of 'Healthy'

NEW YORK (AP) – The Food and Drug Administration will re-evaluate its definition of "healthy," which could eventually change how a range of foods are marketed.

Study: Costs for Most Long-Term Care Keep Climbing

Long-term care grew more expensive again this year, with the cost of the priciest option, a private nursing home room, edging closer to $100,000 annually, according to a survey from Genworth Financial.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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