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VOL. 126 | NO. 87 | Wednesday, May 4, 2011

Casino Closures Thump Tunica Economy

With nine casinos projected to be closed for a minimum of three to six weeks in Tunica County, the anticipated floodwaters carry with them the potential to further devastate an economy already hit hard by the economic downtown.

World of Opportunities

Memphis in May about more than music, barbecue

Belgium’s ambassador to the U.S. is in the city Wednesday to begin several days of business conferences that are at the heart of the origins of the Memphis in May International Festival.

Judge Denies Motion to Dismiss City-County Suit Against Wells Fargo

U.S. District Court Judge S. Thomas Anderson has denied a motion by Wells Fargo to dismiss the mortgage discrimination lawsuit filed against the lender in late 2009 by Memphis and Shelby County.

Flood Stymies Homeowners, Homebuilders

In the aftermath of last week’s storms and as the Mississippi River continues to rise, homeowners and builders alike are taking a closer look at their insurance policies.

Special Coverage: Mid-South Flooding

Coverage of the rising waters in the Memphis area

Local Weather
Currently
Memphis, TN
75.0°F
Mostly Cloudy
Wind: Southeast at 5.8 mph
Humidity: 48%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop Wednesday from 8:30 a.m. to noon at its office, 5100 Poplar Ave., suite 502. Participants will gain a working knowledge of grant management policies and procedures. Cost is $60 for members, $110 for nonmembers and $55 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

Experts Lower Estimate of Flood-Affected Properties

Shelby County emergency responders have lowered their estimate of how many properties could be affected by a 48-foot crest of the Mississippi River at Memphis. The river is forecast to crest on May 11.

Mud Island Evacuations Possible Along Memphis Harbor

The National Weather Service is sticking with its prediction of a 48-foot crest of the Mississippi River at Memphis, but the weather forecasters have now moved the date of the crest a day later to May 11.

Council, Wharton Spar Over LayOffs

Memphis City Council members and Memphis Mayor A C Wharton Jr. mixed it up Tuesday evening about where the line is drawn between the two branches of city government when it comes to planned city layoffs.

FedEx Agrees to Pay $8M to US Over Late Deliveries

WASHINGTON (AP) – The Justice Department says FedEx Corp. will pay $8 million to settle allegations that company couriers falsely blamed increased security following the Sept. 11 terrorist attacks for delivery delays on packages to the government.

Seed Hatchery Helps Local Startups Spring to Life

Springtime gardening isn’t just for farmers anymore. The new Memphis venture group Seed Hatchery hopes to plant six innovative new companies into home soil.

Paper Moon Prepares To Shoot in Memphis

Production gets under way this week on “The Romance of Loneliness,” the third feature film from Memphis-based production company Paper Moon Films.

Judge Mays Begins Schools Mediation

U.S. District Court Judge Hardy Mays began the third attempt to reach a settlement in the schools consolidation lawsuit Tuesday with more private talks among the different sides.

Accredo Weathers Storms To Ensure Specialty Drugs’ Safety

Like other businesses and homes in Shelby County, Accredo Health Group’s facility at 1640 Century Cove Parkway lost power briefly over the weekend when powerful storms ripped through the area.

Electrolux Financing Clears Senate Finance Committee

The Tennessee State Senate Finance committee Tuesday approved two bills that represent the state’s investment of over $90 million in bringing the appliance manufacturing plant to Frank C. Pidgeon Industrial Park in southwest Memphis.

Haslam Seeks $10M in Fed Disaster Aid

Tennessee Gov. Bill Haslam Tuesday asked the White House for $10 million in emergency funding to deal with and prepare for flooding in Shelby, Dyer, Lake and Stewart counties.

Bryant Joins RedRover

Sarah Bryant has joined RedRover Sales & Marketing as a marketing account executive. She previously worked for the Atlanta Falcons.

Drive Sales With a Cause

Rallying for a cause you feel passionate about not only feels good but also makes good business sense. According to a 2010 study by Cone Cause Evolution, a whopping 80 percent of consumers would consider switching brands if that brand aligned itself with a good cause.

Performing With Passion

How many of us have jobs that are so exciting we feel energized every time we go to work? Not many of us, I suspect. Unless you’re a skydiver or such, you probably don’t have an adrenaline rush throughout your day.

STATE LEGISLATURE

Collective Bargaining Bill Passes Tenn. Senate

NASHVILLE, Tenn. (AP) – A proposal to repeal Tennessee teachers' collective bargaining rights passed the Senate 18-14 on Monday after a measure failed that would allow school boards to maintain them if they choose.

NATIONAL BUSINESS

Businesses Ordered More Factory Goods in March

WASHINGTON (AP) – Businesses increased their demand for industrial machinery, computers and autos in March, lifting factory orders for the fifth consecutive month.

GM Sales Jump 27 Percent on Small Car Sales Gains

DETROIT (AP) – General Motors' U.S. car and truck sales jumped 27 percent in April as the economy continued to improve and $4 a gallon gasoline pushed buyers into more fuel-efficient vehicles.

NATIONAL POLITICS

Senate Democrats Eye $4T Budget Savings Plan

WASHINGTON (AP) – The top Democrat in the Senate on budget matters said Tuesday that he's preparing a fiscal blueprint to slash the deficit by $4 trillion over the upcoming decade – a plan built on the bipartisan findings of President Barack Obama's deficit commission.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 0 175 12,208
MARRIAGE LICENSES 29 121 4,478

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