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VOL. 126 | NO. 90 | Monday, May 9, 2011

Flood Scenario Become More Specific As River Crest Nears

The rise of the Mississippi River at Memphis continued Sunday to within a few inches of a crest of 48 feet.

City Prepares for Mississippi River Crest

As the week began the coalition of emergency responders across Shelby County had already gone from planning to action.

Holding Court

CCC’s Downtown Alive brings variety of acts to Court Square

Dawn Vinson was recently finishing up posters for May that list the schedule for Downtown Alive, the Center City Commission’s free lunchtime performance series packed with events intended to keep Court Square hopping for several more weeks to come.

Diane Sawyer to Anchor 'World News' From Memphis

Diane Sawyer, the anchor of ABC’s “World News With Diane Sawyer,” is reporting from Memphis Monday night as the region continues to deal with record flooding and the Mississippi River reaches an expected crest of 48 feet Tuesday.

Foreclosure Notice Bill Heads to State Senate

The Tennessee General Assembly is moving closer toward reducing the number of newspaper notices lenders are required to run before foreclosing on a home.

Local Weather
Currently
Memphis, TN
82.0°F
Mostly Cloudy
Wind: Calm mph
Humidity: 72%

EVENTS

The Greater Memphis Chamber Golf Invitational will be held Monday at 10:30 a.m. at Spring Creek Ranch, 149 Chinquapin Drive. Registration and a clinic will begin at 8:30 a.m. For more information, including sponsorship opportunities, contact Tunga Lee at tlee@memphischamber.com or 543-3571.

more events »

Special Coverage: Mid-South Flooding

Mud Island River Park Closed Indefinitely

Housing Market Desperately Seeks Turnaround

With residential sales down and the majority of commercial sectors flat, it’s hard to say if 2011 will provide any traction in the local real estate market.

Memphis Vies for ‘Talent Dividend’ Prize

Representatives from the Bluff City are joining their peers from cities across the country in Chicago Monday and Tuesday for the kickoff of the Talent Dividend Prize Competition.

Belgium Reps Bring Unique Tax Perspective

Belgium will send leaders from 200 businesses this June on a tour of New York City, Washington and other major American cities to tout investment in a country with a tradition of more than 100 years of friendly trade relations with the U.S.

Friends Launch Joy Magazine Memphis

Much of the friendship forged between Anthony Milan and Henry Nelson stems from a continual exchange of ideas.

Carson Rotisseries Brings Brazilian Grilling to the Masses

Blake Carson, CEO and founder of Carson Rotisseries Inc., is finally able to sit back and watch his dream of almost 15 years come to fruition.

Shining the Blue Lights on Memphis

Last week, we spotlighted JIFF, which is working with youth from in and around the juvenile justice system and equipping them with the skills and support necessary to break the destructive cycle of criminal behavior.

How Much of Your Business Do You Own?

Sometimes you think you own a business but you really don’t.

REGIONAL

Coast Guard Closes Stretch of Mississippi

MEMPHIS (AP) – The Coast Guard closed a section of the swollen Mississippi to barge traffic to protect a Missouri town from floodwaters Friday as police in Memphis went door to door urging residents to leave nearly 1,000 homes that could be swamped by the mighty river.

NATIONAL BUSINESS

Delta Plans Buyouts and Early Retirement Offers

ATLANTA (AP) – Delta Air Lines will offer voluntary buyouts and early retirement incentives as it plans to cut flying later this year because of high fuel prices.

Consumers Borrowed More on Credit Cards in March

WASHINGTON (AP) – Consumers used their credit cards more in March, marking only the second increase in the more than two years since the height of the financial crisis.

Businesses Now Hiring at Fastest Pace Since 2006

WASHINGTON (AP) – American companies are on a hiring spree.

AP IMPACT: CEO Pay Exceeds Pre-Recession Level

NEW YORK (AP) – In the boardroom, it's as if the Great Recession never happened. CEOs at the nation's largest companies were paid better last year than they were in 2007, when the economy was booming, the stock market set a record high and unemployment was roughly half what it is today.

Gov’t Fines Online Airline Ticketing Services

WASHINGTON (AP) – Federal regulators are going after online ticketing services that fail to tell customers booking a flight on a major airline that a leg of their trip will be operated by a separate regional carrier.

CVS Discloses SEC Inquiry Into Caremark

NEW YORK (AP)CVS Caremark Corp. is disclosing another government inquiry into its business, as the company said the Securities and Exchange Commission has requested documents related to its Caremark pharmacy benefits management unit.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
FORECLOSURE NOTICES 0 81 1,439
BUILDING PERMITS 218 906 17,513
BANKRUPTCIES 45 252 5,658
BUSINESS LICENSES 0 143 3,091
UTILITY CONNECTIONS 24 152 3,402
MARRIAGE LICENSES 38 158 1,846

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