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VOL. 124 | NO. 93 | Wednesday, May 13, 2009

Smith & Nephew Settles Race Bias Suit

Smith & Nephew Inc. has agreed to pay up to $3.5 million plus legal costs to settle a lawsuit filed in 2006 over allegations of racial discrimination in hiring, paying and promoting at its Memphis operation.

Holt First In Stanford Financial Trio To Be Indicted

The chief investment officer for Texas financier Allen Stanford’s business empire before regulators shut it down three months ago is now the first Stanford executive indicted after a sweeping probe of the organization.

Fred Smith Talks Green: Helps the environment and Fedex's bottom line

Fred Smith is going green. In the case of the FedEx founder, however, it’s a different shade – something like military fatigue green.

Luttrell Upset Over Possible Sheriff Cuts

Shelby County Sheriff Mark Luttrell rarely gets rattled.

City’s Logistics Assets Could Close Gap With Competitors

Though it’s doubtful Memphis could ever reach Chicago’s status in terms of intermodal and distribution capacities, the Bluff City should look to the Windy City as a model.

Local Weather
Currently
Memphis, TN
68.0°F
Overcast and Windy
Wind: from the South at 26.5 gusting to 36.8 mph
Humidity: 78%

EVENTS

The Shelby County Commission will hold committee meetings today beginning at 8:30 a.m. in the fourth floor committee room of the Shelby County Administration Building, 160 N. Main St. For more information, call Steve Summerall at 545-4301.

more events »

Need for ‘Greener’ Vehicles Echoes Earliest Innovations

It’s been more than 100 years since Henry Ford rolled out the first Model T automobile, a mass-produced, gas-powered wonder.

‘Revise Things to Do Better’ for Economy, Expert Says

Dr. Douglass C. North won the 1993 Nobel Prize in economics for his efforts to renew research into economic history. He and economist Robert W. Fogel earned the prize for their work in a part of economic history known as “cliometrics.” Cliometrics involves applying economic history and mathematical methods to the study of history. The theories help explain why some countries are industrialized and others aren’t.

Lorenzen Wright’s Home Sold Back to Bank

The Eads home of former University of Memphis and Grizzlies basketball player Lorenzen Wright has been sold back to the bank following a foreclosure.

County Pinpoints June Filing For Lender Lawsuit

Questions about legal fees and whether an attorney from Memphis Area Legal Services Inc. can participate in a lawsuit against mortgage lenders were among the hitches that have held up the filing of such a lawsuit for several months.

Magna Shareholders Take Stock, Look Ahead

In one sense, Magna Bank’s annual meeting of shareholders Monday was about taking care of business.

Youth Villages Names Rutschman Director of Communications

Echelle Lane Rutschman has been named director of communications at Youth Villages. Rutschman joins Youth Villages after 10 years serving as senior communications officer and system director of corporate communications at Baptist Memorial Health Care Corp.

Levitt Shell Comes to Life With Spring Concert Season

The Levitt Shell in Overton Park will kick off the second leg of its opening concert season May 28 with free concerts for families seeking fresh air and fun. And those involved at the historic venue anticipate a strong finish to the season, just months after a massive renovation brought the Midtown landmark back to life.

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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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