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VOL. 125 | NO. 103 | Thursday, May 27, 2010

GTx Faces Setback With Drug Trial

GTx Inc. has reported a setback with one of the potential drug therapies in its pipeline, a treatment to prevent prostate cancer in men at high risk for the disease.

Le Bonheur Prepares For Grand Opening

When people get to visit the new Le Bonheur Children’s Medical Center next month, they will walk inside a $340 million hospital that is a bastion of innovative medical technology, a tower of environmental efficiency and a museum of fine art.

Wheels in Motion for Midtown CVS

The regional developer of CVS pharmacies today announced plans to raze Union Avenue Methodist Church at Union and Cooper and build a drugstore.

Med Loses Wing Stake, Gains Write-Off

The Regional Medical Center at Memphis will write off about $4.4 million in assets because it no longer has an ownership stake in the Hospital Wing.

Wharton Administration Probes Linebarger Arrangement

Memphis Mayor A C Wharton Jr.’s administration is taking a hard look at the city’s controversial arrangement with a Texas law firm that prods tardy city taxpayers to pay up.

Local Weather
Currently
Memphis, TN
85.0°F
Fair
Wind: Calm mph
Humidity: 61%

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 »

Glankler Brown's Humphreys Named Real Estate SuperLawyer

Glankler Brown attorney and real estate chairman Hunter Humphreys has been named a Real Estate SuperLawyer by Corporate Counsel Magazine.

Splurge Smart

Ray’s Take: As the economy seems to slowly, reluctantly rebound, Americans are starting to loosen the purse strings. Consumer spending is starting to rise.

WKNO Forum Further Delineates Governor Hopefuls

All four Republican contenders for Tennessee governor offered differing definitions of conservatism this week in a Memphis television forum.

Kit Helps Homeowners Lower Tax Bills

Real estate information company Chandler Reports has introduced a 2010 Tax Kit homeowners can use to help lower their property taxes.

MEMPHIS AREA

Discounter Fred's Q1 Profit Slips, But Sales Climb

MEMPHIS (AP) — Discount merchant Fred's Inc. said Wednesday that its first-quarter profit slipped 4 percent even as sales climbed.

STATE LEGISLATURE

Tenn. Lawmakers Say $500 Bonus Main Budget Holdup

NASHVILLE (AP) – A proposal to give state workers a one-time $500 bonus is a major sticking point in negotiations over a budget plan.

STATEWIDE

Moderate Number of Tornadoes in Tenn. This Month

NASHVILLE (AP) — Barring violent weather through the holiday weekend, Tennessee will complete the month with 14 tornadoes causing one death for the fourth-most active May in 20 years.

NATIONAL BUSINESS

Factory Orders, New Home Sales Rise in April

WASHINGTON (AP) – Orders for large manufactured goods rose sharply last month while sales of new homes surged with help from government incentives, giving the economic recovery a jolt in April.

SEC Proposes Uniform 'Audit Trail' for Orders

WASHINGTON (AP) — Federal regulators moved Wednesday toward requiring a uniform system for tracking all securities orders on U.S. exchanges, in hopes of making it easier to investigate market disruptions like the May 6 plunge.

House Committee Approves Auto Safety Bill

WASHINGTON (AP) — Amid partisan sparring, a House panel has advanced a sweeping U.S. auto safety bill that critics contend is too tough on the industry.

Treasury: AIG in Better Shape to Repay Bailout

WASHINGTON (AP) — Insurance giant American International Group Inc. is better positioned to pay back all of its $182 billion federal bailout, a key Treasury official testified Wednesday.

Facebook to Simplify Privacy Controls Amid Unrest

NEW YORK (AP) — Facebook is simplifying its privacy controls amid growing unrest from many of its users.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 90 140 15,764
MORTGAGES 100 162 18,210
FORECLOSURE NOTICES 0 13 2,418
BUILDING PERMITS 194 315 32,829
BANKRUPTCIES 57 116 10,129
BUSINESS LICENSES 25 50 5,228
UTILITY CONNECTIONS 0 29 6,178
MARRIAGE LICENSES 26 50 3,463

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