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VOL. 126 | NO. 89 | Friday, May 6, 2011

Pinnacle Loses $3M; Nearer to CEO

Pinnacle Airlines Corp. could announce a new CEO to lead the Memphis-based regional air carrier as early as Monday.

Dressing Up Dinner

Mural unveiled at Urban Farms Market

The emergence of the Broad Avenue Arts District as a hub of arts, culture and community continues to take shape, and the latest focal point is a former abandoned gas station at Broad and Tillman Street.

Memphis Pride Signs Lease At Trinity Ridge

An up-and-coming Mid-South cheer and tumbling company has signed a new lease to expand its business, a move that will benefit the facility’s students and parents alike.

Mud Island River Park Closed Starting Friday

Mud Island River Park closed Friday for safety reasons as the waters of the real Mississippi River flooded the park’s scale model of the Mississippi River.

Berm on Second Street Breaks, River Reaches Riverside Drive

A berm on North Second Street near General DeWitt Spain Airport in Frayser collapsed Thursday morning, sending even more water into the airport property already flooded by rising river waters.

Local Weather
Memphis, TN
Wind: West at 8.1 mph
Humidity: 77%


WKNO/Channel 10 will host an opening reception of the art show “The Magic of May” featuring nearly 100 pieces from The Artist Group Friday from 5:30 p.m. to 8 p.m. at the WKNO Digital Media Center, 7151 Cherry Farms Road. The art work will be on display through May 27. For more information, call 458-2521.

more events »

Long, Muddy Road Ahead for Flooded Areas

Flood and mud is how Shelby County Emergency Preparedness director Bob Nations describes what is about to happen in Memphis next week.

Special Coverage: Mid-South Flooding

DeWitt Spain Airport Inundated With Water

Shelby County Home Sales Dip 12 Pct.

The local real estate industry suffered a setback in April, as new and existing home sales declined 12 percent from the same month a year ago.

Wright Medical Receives Justice Dept. Notice

Wright Medical Group Inc. on Thursday announced that it received a letter from the United States Attorney’s Office for the District of New Jersey pursuant to Paragraph 50 of the Deferred Prosecution Agreement stating that the USAO believes Wright Medical Group knowingly and willfully breached material provisions of the DPA.

Belgian Ambassador Talks US Trade

Belgium’s ambassador to the United States notes that there is more U.S. investment in Belgium than there is U.S. investment in China and India together.

Wunderlich Securities Continues Growth Streak

Memphis-based Wunderlich Securities Inc. has added six institutional fixed-income professionals over the past two months, continuing a growth streak for the firm that’s seen multiple offices open within the past year and scores of new employees hired.

MATA to Offer Shuttle to Saturday’s Grizzlies Game

Memphis Area Transit Authority has announced it will run round-trip shuttle service to the FedExForum for Saturday’s NBA playoff game between the Memphis Grizzlies and the Oklahoma City Thunder. The game tips off at 4 p.m. MATA is charging $5 round-trip. Pickup locations and times are:

Robertson Honored For Radio Achievement

For almost 40 years, Howard Robertson, CEO of TRUST Marketing Inc. and SPOTSET Radio Network, has worked to establish himself in both the television and radio industries, successfully creating his own company and radio network.

Keeping People at the Core

Part two in a two-part series We recently spoke with Robert S. Poole, senior vice president for Institutional Advancement at Meharry Medical College. Since completing a historic $125 million campaign, the college’s endowment has reached $100 million, and it recently received grants from the Robert Wood Johnson Foundation and the Kresge Foundation. In part one of this series, we shared Poole’s advice for engaging your organization’s president, board and other key players in fundraising efforts. Here, he provides additional recommendations.

Go With the Flow

Lord knows the creek did rise. The last time the Mississippi was lapping at the top of Tom Lee Park, I’d been lapping at a number of things for a couple of days myself.


Dodging the Deluge

The last time the Memphis river gauge was this high, Memphis was a much different place. In 1937 when the Mississippi River at Memphis topped 48.7 feet, Mud Island was really an island with no levee connecting it to the city and the Wolf River flowing between it and the city proper. Parts of the city were still rural as was the county outside Memphis. Today’s suburban development was a long way off, and Millington was still a few years away from getting the Naval Air Station.

Big Season Planned for Levitt Shell’s 75th Year

With three full seasons of free, family-oriented concerts under its belt, the Levitt Shell in Overton Park has finally settled into the psyche of the Memphis live music community. Even so, its spring 2011 season will bring changes.

You Get What You Pay For With Specialty Cocktails

Iwas in New York in January, attending an Italian wine conference at the old-guard Waldorf-Astoria. Being a bit weary of tasting a gazillion wines and facing a long banquet that evening, I sidled, late one afternoon, into Sir Harry’s, the hotel’s dim, cozy, clubby bar off the main lobby, for a bracing, consciousness-altering martini.

Charm-Filled Col des Vents Dry but Juicy

That part of southern France known as Languedoc gets its name from the fact that in the area’s ancient Occitan language the word for “yes” was oc. Hence, Languedoc is the place where the “language of oc” was once spoken. It’s a harsh and bloody land whose steep hills and ruined castles saw the brutal crusade against the heretical Cathar sect. In 1209, at the siege of Bézier, Arnaud, the abbot-commander of the armies from the north, said of the Christians and Cathars inside the city: “Kill them all. The Lord will recognize his own.”


Fred's April Revenue Figure Rises Slightly

MEMPHIS (AP)Fred's Inc. said Thursday that April revenue at locations open at least a year rose 1.8 percent, below analysts' expectations for the discount store operator as the company's stores faced severe weather in the Southeast.


TBI Reports Hate Crimes, Officer Assaults Down

NASHVILLE (AP) – Both the number of reported hate crimes and the number of assaults on law enforcement officers are down in new figures released for Tennessee.


Tenn. Senate Requires Insurance Cover Hearing Aids

NASHVILLE (AP) – The Senate on Thursday approved a bill that would require Tennessee insurance companies to include hearing aids for individuals up to 18 years of age in their policies despite opponents who say the mandate could drive up health care costs.


Wal-Mart Remains Atop Fortune 500 List

NEW YORK (AP) Wal-Mart Stores Inc. remains atop the Fortune 500 list even as it struggled to keep its U.S. customers coming in the door.

Retailers Post Strong April but Fret Over Future

NEW YORK (AP) – Retailers reported surging April revenue helped by a late Easter, extending strong spending momentum since late last year.


Bernanke: Regulators Challenged in Spotting Risk

WASHINGTON (AP) – Regulators must better understand threats to the financial system to be able to prevent another crisis, Federal Reserve Chairman Ben Bernanke acknowledged Thursday.

Fed Official: Rates Should be Raised This Year

WASHINGTON (AP) – A Federal Reserve official says the central bank should raise interest rates this year to guard against inflation.

GOP Concedes Medicare Vouchers Unlikely to Advance

WASHINGTON (AP) – The GOP plan to replace Medicare with vouchers will have to wait, party leaders acknowledged Thursday as lawmakers and the White House bowed to political realities in pursuing a deal to allow more government borrowing in exchange for big spending cuts.


Rate on 30-Year Fixed Mortgage Falls to 4.71 Pct.

NEW YORK (AP) – Fixed mortgage rates dipped to the lowest level of the year this week. The third straight weekly decline comes at the start of the peak buying season.

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Blog News, Training & Events
PROPERTY SALES 110 188 14,031
MORTGAGES 126 219 16,224
BUILDING PERMITS 170 411 29,164
BANKRUPTCIES 57 116 9,042

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