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VOL. 125 | NO. 85 | Monday, May 3, 2010

Global Cotton Firm Moves Into Memphis

As two local cotton companies work through their lengthy merger, another player has arrived on the scene with the purchase of a 300,000-square-foot warehouse it will use as a major distribution center.

Louisiana’s Argent Establishes Memphis Office

Louisiana-based Argent Financial Group, a diversified financial services company with $2 billion in client assets, has opened an office in Memphis.

Bioworks, Innova Launch Mid-South Angel Network

Innova Memphis and the Memphis Bioworks Foundation have launched the Mid-South Angel Network, which will link investors with promising startup companies.

Young Fulfills Lifelong Dream With Mr. Appliance Biz

At a time when corporate downsizing has become a household term, Paul Young used his own experience as an opportunity to fulfill a lifelong dream.

One Recession Down, Many Challenges to Go

While we didn’t really realize it, prior to the Great Recession businesses were playing softball. The game has changed to hardball, which requires wearing a helmet and sometimes arguing with the ump.

Local Weather
Currently
Memphis, TN
59.0°F
Overcast
Wind: Southwest at 6.9 mph
Humidity: 46%

EVENTS

The 22nd Annual Alpha Delta Pi Alumnae Association Benefit Golf Tournament will be held Monday at 9 a.m. at The Links at Cottonwoods at Harrah’s Casino in Tunica. The tournament will benefit the Ronald McDonald House Charities of Memphis. To register, call Emily Terral at 485-3444 or visit www.rmhmemphis.org.

more events »

Early Voting Tally Signals Lackluster Election

Turnout in the early voting period that ended Thursday topped 5 percent of the nearly 600,000 voters in Shelby County.

THE MEMPHIS NEWS

Conserve and Protect

Iconic nautical images abound on the modern-day Mississippi River, this country’s largest and most storied river system.

Local Consolidation Efforts Lean On Neighbor to the East

Members of the Metro Charter Commission talked to the folks in Nashville last month about that city’s experience with 48 years of consolidation.

Alexander: Progress On School Reform Continues

U.S. Sen. Lamar Alexander was in Memphis this month for several events, including a briefing on the anti-crime strategy Operation Safe Community and a forum at the University of Memphis.

Buckman Brings Indian Dance to Memphis

Bollywood dance became an overnight sensation in the United States after the premiere of the Academy Award-winning movie “Slumdog Millionaire,” but Cindi Younker said Memphis audiences have yet to be exposed to more traditional Indian dance.

Swankys Expands On Successful Formula

“We don’t think of Swankys as Mexican,” said Matt Wilson, “and not even Tex-Mex. Around the store we call it Tenn-Mex.”

A Rhone Fave for Grilling Season

Cleaned out the grill yet? Fired the thing up? Let’s get cracking!

STATE LEGISLATURE

State Senate Approves Hospital Fee To Avoid TennCare Cut

NASHVILLE (AP) – The Tennessee Senate on Thursday approved a bill to allow state hospitals to pay a fee to avoid $659 million in TennCare cuts.

REGIONAL

$2M Grants for Ark. Traffic Safety Announced

LITTLE ROCK, Ark. (AP) — Members of Arkansas' congressional delegation say the state will get more than $2 million to enhance traffic safety.

Census Takers to Start Going Door-to-Door

LITTLE ROCK, Ark. (AP) — Census takers are to start going door-to-door in an effort to count those who have not returned their census forms.

Miss. Seafood Operator Files Oil Spill Lawsuit

GULFPORT, Miss. (AP) — The owner of a Mississippi seafood company filed a federal class-action lawsuit Friday over the rig explosion that caused a massive oil spill in the Gulf of Mexico.

Presidential Disaster Declaration Made for Mississippi

JACKSON, Miss. (AP) — Gov. Haley Barbour says residents and business owners can access federal emergency assistance programs after President Obama issued a federal disaster declaration for five Mississippi counties.

NATIONAL BUSINESS

Consumer Rebound Gives Economy Solid Boost in Q1 ?

WASHINGTON (AP) – The U.S. economy grew at a solid 3.2 percent pace during the first quarter of this year as consumers boosted their spending by the most in three years.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 155 19,728
MORTGAGES 95 170 23,084
FORECLOSURE NOTICES 12 19 8,323
BUILDING PERMITS 200 338 40,366
BANKRUPTCIES 50 122 13,226
BUSINESS LICENSES 14 23 6,160
UTILITY CONNECTIONS 33 85 13,080
MARRIAGE LICENSES 28 58 4,900

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