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VOL. 125 | NO. 98 | Thursday, May 20, 2010

Whistleblower Ruffles Airport Meeting

A whistleblower whose claims that a runway at Memphis International Airport is structurally unsound and could collapse under the weight of aircraft made his case Thursday morning at the airport’s board of commissioners monthly meeting. Guy Cobb, a former FedEx employee, in 2006 discovered what he said was a major defect in the walls and ceiling of the Hurricane Creek box culvert, a channel that runs underneath Runway 9/27 (the airport’s lone east-west runway) and two taxiways.

Wings Foundation Lifts Patients Through Cancer Troubles

There is no single remedy for coping with cancer.

Christ Community Health Services Granted $2.4M in Revenue Bonds

Wednesday’s monthly meeting of the city-county Industrial Development Board proved fruitful for Christ Community Health Services.

Gov Hopefuls to Hold Live TV Forum

The four Republican contenders for Tennessee governor will be in Memphis Tuesday for a statewide live television forum moderated by Eric Barnes, publisher of The Daily News Publishing Co. Inc.

Tennessee Earns ‘F’ on Consumer Protections Scorecard

A nonprofit consumer law agency gives Tennessee poor marks for laws governing interest charges on certain loan products.

Local Weather
Currently
Memphis, TN
61.0°F
Partly Cloudy
Wind: South at 15.0 mph
Humidity: 35%

EVENTS

Tennessee Small Business Development Center will hold one-on-one counseling sessions with Mark Taylor today at 9 a.m., 10 a.m. and 11 a.m. at the Collierville Chamber of Commerce, 485 Halle Park Drive. The sessions are free but appointments are required. For appointments, call 853-1949.

more events »

Mock Trial Brings Rhodes Alum Chastain Full Circle

When attorney Autumn Chastain helped coordinate the American Mock Trial Association National Championship Tournament at Rhodes College last month, it was a moment of realization, knowing she had come full circle.

More Advice Coming Soon

Welcome to the first in a series of my Worldly Investor columns. Those of you who know me may know that I have a lighter side (I hope it surfaces from time to time in the column), but when it comes to asset management and macroeconomics, I am all business.

Charter Commission to Examine Metro Mayoral Powers

The Metro Charter Commission will take a second look at a civil service system for a proposed consolidated government Thursday.

MEMPHIS AREA

FAA Proposes $1.6M Fine Against FedEx

NEW YORK (AP) - The Federal Aviation Administration on Wednesday proposed a $1.6 million civil penalty against Memphis-based FedEx Corp. for allegedly failing to revise its maintenance program for airplane loading containers.

STATEWIDE

Tennessee Teens Offered Rewards for Seat Belt Use

NASHVILLE (AP) - The Tennessee Governor's Highway Safety Office is offering teens in northeast Tennessee a reward for using seat belts.

STATE LEGISLATURE

Tenn. Resolution Urges Probe of Floodwater Release

NASHVILLE (AP) - Tennessee state lawmakers want their congressional counterparts to investigate the U.S. Army Corps of Engineers' release of water during historic flooding in Middle Tennessee earlier this month.

NATIONAL BUSINESS

Big Tobacco Cutting Contracts with US Farmers

CYNTHIANA, Ky. (AP) - After years of faithfully supplying leaf to tobacco giant Philip Morris International, farmer Jess Burrier received a postcard, thanking him for his contributions and telling him his service wasn't needed this year.

Treasury Announces Wells Fargo Warrant Auction

WASHINGTON (AP) - The government says it will auction 110.3 million warrants it received from Wells Fargo & Co. as part of its effort to recoup the costs of the $700 billion financial bailout.

REAL ESTATE

Mortgage Delinquencies, Foreclosures Break Records

WASHINGTON (AP) – The number of homeowners who missed at least one mortgage payment surged to a record in the first quarter of the year, a sign that the foreclosure crisis is far from over.

NATIONAL POLITICS

Voters Back Anti-DC, Anti-Establishment Candidates

WASHINGTON (AP) – With the electorate’s intense anger reverberating across the country, this is all but certain: It’s an anti-Washington, anti-establishment year. And candidates with ties to either better beware.

Judiciary Chairman: Kagan Hearings Start in June

WASHINGTON (AP) - The Senate Judiciary Committee chairman moved quickly Wednesday to advance U.S. Supreme Court nominee Elena Kagan down a so-far smooth road to confirmation, setting hearings for June 28.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 331 19,904
MORTGAGES 0 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 1 232 13,336
BUSINESS LICENSES 0 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 0 94 4,936

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