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VOL. 125 | NO. 87 | Wednesday, May 5, 2010

Ford Wins Democratic Mayoral Primary

Wade-Oldham Matchup In August Sheriff's Race

Interim County Mayor Joe Ford became the Democratic nominee for mayor in the August county general elections Tuesday night.

Proof in Results for HopeWorks

HopeWorks, with a reputation for turning people’s lives around, now has the tracking data to prove it.

GTx Reports $44.3M Net Income

GTx Inc. is pressing ahead with the development of a drug for muscle wasting in cancer patients after ending its partnership with Merck.

South Carolina Distributor Expands to Memphis

Yet another company has been drawn to Memphis because of the city’s distribution infrastructure.

March Home Sales Up 4.9 Percent

The Memphis Area Association of Realtors on Tuesday released its March data, confirming that the homebuyers tax credit had a positive effect on home sales.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: South at 3.5 mph
Humidity: 63%


The Alliance for Nonprofit Excellence will hold its annual conference “The New Nonprofit Sector: Redefined, Retooled and Resilient” Wednesday at 8:30 a.m. at the Clark Opera Memphis Center, 6745 Wolf River Blvd. Sonal Shah, head of the White House’s Domestic Policy Council’s Office of Social Innovation and Civil Participation, will speak. Cost is $99 for members, $150 for nonmembers and $65 for students. For reservations, call 684-6605 or visit www.npexcellence.org.

more events »

Jeff Barry Joins Commercial Advisors As Senior V.P.

Hometown: Memphis

Financing College A Family Affair

Ray’s Take: I once met parents whose daughter informed them she was going to Duke University.

Wolfchase Files New Appraisal Challenge

The owner of the most expensive piece of real estate in Shelby County isn’t finished challenging its 2009 appraisal.

Pinnacle Reports Low Q1 Income

Like many air passenger carriers, Memphis-based Pinnacle Airlines Corp. was hit hard in the first three months of 2010 by brutal weather and a bumpy economy.

Merck Q1 Sales Rise But Profits Fall on Charges

Drugmaker Merck & Co. reported Tuesday double-digit sales growth for a half-dozen of its top medicines and favorable currency rates fueled a 7 percent jump in first-quarter sales, but large charges for its November deal to buy Schering-Plough Corp. pulled profit down sharply.


Attorney General Opinion Backs Media Restrictions

KNOXVILLE (AP) – The University of Tennessee and other public universities have a right to put restrictions and conditions on media coverage of athletic events, according to an opinion by state Attorney General Bob Cooper.

Rescuers Pray for No More Victims in Tenn. Floods

NASHVILLE (AP) — The dark waters of the Cumberland River slowly started to ebb Tuesday as residents who frantically fled the deadly flash floods returned home to find mud-caked floors and soggy furniture. Rescuers prayed they would not find more bodies as the floodwaters receded.

Davidson County Primary Election Flooded Out

NASHVILLE (AP) — Election officials in Nashville have delayed the city's local primary because of flooding.


Ark. Gov. Taps Into Fund to Plug Budget Cuts

LITTLE ROCK (AP) — Arkansas Gov. Mike Beebe is tapping into the state's reserve fund to pay for $41 million in cuts to the state's budget forecast for the year.

Jonesboro Council Holds Hearings on Tax Proposal

JONESBORO, Ark. (AP) — The Jonesboro City Council has scheduled public hearings to discuss a proposal for a special election to ask voters for a half-cent sales tax increase.

Miss. Head Start Workers Learn Fitness, Nutrition

JACKSON, Miss. (AP) — Nearly 250 Head Start workers from across Mississippi gathered Tuesday in Jackson for a Healthy Living and Eating Summit.


Factory Orders Strengthen, Home Sales Contracts Up

WASHINGTON (AP) — A surprisingly busy month for U.S. factories and a surge in home buying are the latest signs that the economic recovery is picking up.

Dodd, Shelby Reach Agreement on Bank Liquidation

WASHINGTON (AP) — Congressional officials say Democratic and Republican negotiators on a sweeping overhaul of banking regulations have agreed to jettison a $50 billion liquidation fund from the bill.


Feds Offer $5B to Shore Up Early Retiree Coverage

WASHINGTON (AP) — Trying to entice employers to keep early retirees on their medical plans, the Obama administration announced Tuesday it's making $5 billion available until the safety net of the new health care law is in place.

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PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
BUILDING PERMITS 218 906 17,513
BANKRUPTCIES 45 252 5,658

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