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VOL. 126 | NO. 97 | Wednesday, May 18, 2011

Luttrell, Weirich Win Dunavant Awards

Shelby County Mayor Mark Luttrell and Shelby County District Attorney General Amy Weirich are the winners of the eighth annual Bobby Dunavant Public Service Awards.

Birthing Tradition

Baptist Hospital for Women celebrates 10 years of babies

When expectant mother Aimee McMillan toured the Baptist Memorial Hospital for Women in 2002, she and her husband jokingly referred to the then-new facility as the “Mommy Marriott.”

Wade Stepping Down from MAAR

Jules Wade, executive vice president for the Memphis Area Association of Realtors, is resigning after 30 years with the local trade organization for real estate professionals.

Overnight River Cruises to Finance Beale Street Landing

Memphis Mayor A C Wharton Jr. Tuesday outlined a plan to Memphis City Council members to bring overnight and multi-night riverboat cruises back to Memphis as headquarters for the Great American Steamboat Co. The deal would also provide the funding to complete the stalled Beale Street Landing project.

Obama Trip Highlights Local School Concerns

President Barack Obama’s visit to Memphis this week comes at an important time for education reform in Memphis as well as the state.

Local Weather
Currently
Memphis, TN
54.0°F
Overcast
Wind: Southwest at 11.5 mph
Humidity: 40%

EVENTS

Talk Shoppe will present “Got Pests? Tips On Pest Control” Wednesday from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

Wunderlich Meetings Focus on Banking Issues

Not enough people want to – or are able to – borrow money. Yet bank deposits are healthy, and with asset quality improving that means balance sheets are looking better.

County Red Ink Forecast Moves Up

When Shelby County Commissioners meet Wednesday for a review by their budget committee, the Luttrell administration will revise upward the remaining amount of red ink in the operating budget for the new fiscal year.

Expert: Memphis’ Real Estate Woes Related

Grant Thrall, the former University of Memphis Martha and Robert Fogelman Family chair of excellence in sustainable real estate, was brought to Memphis from Florida to serve as a community consultant, providing his opinion on distance location and economic development growth.

First Tennessee Foundation Matching Salvation Army Donations

The First Tennessee Foundation is encouraging people who want to help flood victims to donate to the Salvation Army – and the Memphis-based charitable group will provide a matching award to double that effort.

Davidson Hired as Manager of Habitat ReStore

Joseph Yates Davidson has been hired as the manager of the new Habitat for Humanity ReStore, 7130 Winchester Road.

Keeping Your Website Fresh

Of all the online marketing categories, this year, small- to mid-sized companies plan to increase their investment most in website design, according to a recent study by GrowBiz Media and Zoomerang. In fact, a double-digit increase is expected.

Sixth Sense Reveals Motives

One of my favorite miscommunication stories occurred when my boss was presenting a strategic plan to the executive committee. Ned, one of the key reviewers, sat rolling his eyes throughout, making my boss very concerned about any forthcoming approval.

MEMPHIS AREA

UT Offering Free Counseling to Disaster Victims

MEMPHIS (AP) – The Department of Psychiatry at the University of Tennessee Health Science Center will offer free counseling to disaster victims.

International Paper to Repurpose Shuttered Va. Mill

RICHMOND, Va. (AP) – Memphis-based International Paper is planning to repurpose part of its closed mill in Isle of Wight County in a move that will create more than 210 jobs.

STATE LEGISLATURE

Haslam Opposes Legislation to Ax Amazon Tax Break

SPRINGFIELD, Tenn. (AP) – Republican Gov. Bill Haslam says it would be "disingenuous" for him to support legislative efforts to kill a special tax break for online retailer Amazon.com.

House Votes to Set Later Start Date for Schools

NASHVILLE (AP) – The House has passed a bill to require that the school year could no longer start before the fourth Monday in August, but not before lawmakers adopted changes to exempt dozens of counties.

Haslam Guarding Against Reduction of School Days

SPRINGFIELD, Tenn. (AP) – Republican Gov. Bill Haslam says he wants to ensure that any changes to Tennessee's academic calendar won't reduce the number of days students spend in school.

REGIONAL

Miss. River Closed at Natchez; Could Slow Shipping

JACKSON, Miss. (AP) – The swollen Mississippi River has been closed to shipping at Natchez, Miss., shutting the major artery for moving grain from farmland in the Midwest to the Gulf of Mexico for export.

NATIONAL BUSINESS

Homebuilders Missing Out on Economic Recovery

WASHINGTON (AP) – For homebuilders, it hardly feels like an economic recovery. Nearly two years after the recession ended, the pace of construction is inching along at less than half the level considered healthy. Single-family home building, the bulk of the market, has dropped 11 percent in that time.

Rising Pump Prices Add to Wal-Mart Uncertainty

NEW YORK (AP) – Rising gas prices are adding another obstacle to Wal-Mart Stores Inc.'s campaign to reverse a two-year U.S. sales slump.

Travel Industry Rep Wants US to Speed Up Visas

LAS VEGAS (AP) – A top commercial travel industry representative said Tuesday the U.S. is losing visitors to other countries by making it unnecessarily slow and difficult for prospective international travelers to get visas.

LinkedIn Increases Price Range for IPO Shares

NEW YORK (AP) – The professional networking website LinkedIn is increasing the target price for its initial public offering of stock by about 30 percent in a sign of heavy demand by investors. The increase is encouraging for future IPOs of other social-networking companies such as Facebook, Twitter and Groupon.

Factory Output Dropped on Japan Supply Disruptions

WASHINGTON (AP) – U.S. factories in April produced fewer goods for the first time in 10 months. A temporary parts shortage stemming from the Japanese earthquake forced automakers to cut back output.

NATIONAL POLITICS

Interior Chief Asks for Shorter Drilling Time

WASHINGTON (AP) – The Obama administration is asking Congress to shorten the time energy companies get to start drilling on public lands they lease, as part of the government's strategy to boost oil and gas production.

Senate Looks at Ways to Help Post Office

WASHINGTON (AP) – It looks like rescuing the financially struggling Postal Service is going to require thinking outside the mailbox.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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