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VOL. 123 | NO. 87 | Friday, May 2, 2008

Big Sales Keep Market Afloat

Commercial sales still show marked decline

A retail strip center, a car dealership, land for a fitness center, two cemeteries and a hotel - in that order - ranked as Shelby County's top five commercial real estate sales in terms of dollar amount for March, proving the local market's versatility.

Hope Now To Provide Lifeline To Homeowners

For cash-strapped homeowners drowning under waves of debt and sinking beneath a tide of rising mortgage costs, an event this Saturday at the Mid-South Fairgrounds aims to cast a much-needed lifeline.

Feds Offer More Info on Drug Ring

A race-car driver with a habit of vacuum-sealing thousands of dollars in plastic has filled in for an exiled Memphis drug kingpin, according to federal drug agents.

Holder to be Tenn. Supreme Court's First Woman Chief Justice

The next chief justice of the Tennessee Supreme Court will be Memphis Justice Janice Holder - who will be the state Supreme Court's first woman chief justice.

Judge Won't Stop Enforcement Of Adult Bookstore Ordinance

For the second time in a week, a federal judge has denied an injunction to stop enforcement of the Shelby County ordinance that regulates adult-oriented businesses. But the denial by U.S. Magistrate Thomas Anderson is in the court challenge of the ordinance by two Memphis adult bookstores.

Local Weather
Memphis, TN
Wind: North at 3.5 mph
Humidity: 82%


Les Passees Inc. will host its first Family Night today from 6 p.m. to 10 p.m. at Golf & Games Family Park, 5484 Summer Ave. Patrons with a Les Passees wristband will have unlimited access to games, rides and putt-putt. Proceeds from the wristband sales will go to the organizations Les Passees supports via grants. Wristbands will cost $15 in advance and $25 at the door. For more information, contact Sally Gentry at 867-7467 or sallygentry@comcast.net.

more events »

Daily News Honored With TPA, Green Eyeshade Awards

The Daily News won first place in two categories at the Tennessee Press Association's Ideas Contest awards, handed out at the recent Advertising and Circulation Conference in Gatlinburg.

Consumers May Get Benefits From a Fed Rate Pause

WASHINGTON (AP) - While the Federal Reserve's aggressive drive to lower interest rates appears to be over, there could be benefits for consumers in other areas - such as some relief from soaring gasoline and food costs.

Bredesen: Cuts Will Include State Worker Layoffs

NASHVILLE (AP) - Tennessee's deteriorating state budget situation will require an unspecified number of state employees to be laid off, Gov. Phil Bredesen said Wednesday.

State Funding Board Announces Revenue Projection

NASHVILLE (AP) - Tennessee faces a projected shortfall range of as much as $384 million this year and up to $585 million next year, state Funding Board officials said Thursday.

State Sen. Tim Burchett Hospitalized Following Chest Pains

NASHVILLE (AP) - State Sen. Tim Burchett has been hospitalized after complaining of chest pains.

Senate Approves Bill to Start Long-Term Care Changes

NASHVILLE (AP) - A proposal to start the state down the path of being able to offer more home and community-based care in Tennessee has passed the Senate.

House Thrown Into Chaos Over Abortion Amendment

NASHVILLE (AP) - The House was thrown into chaos on Thursday over a failed Republican maneuver to try to resurrect an anti-abortion amendment.

Bredesen Signs Citizenship Requirement for Notaries Public

NASHVILLE (AP) - The governor has signed into a law a measure to require notaries public to be U.S. citizens or legal permanent residents.

SunTrust Completes $122.7 Million GB&T Bancshares Deal

SunTrust Banks issued 0.1562 shares of its stock for each GB&T share, resulting in 2.2 million shares issued to GB&T shareholders.

Investment Firms Pull Back on Fed Borrowing

WASHINGTON (AP) - Big Wall Street investment companies are pulling back on their borrowing from the Federal Reserve's emergency lending program.

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Blog News, Training & Events
PROPERTY SALES 110 188 14,031
MORTGAGES 126 219 16,224
BUILDING PERMITS 170 411 29,164
BANKRUPTCIES 57 116 9,042

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