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VOL. 125 | NO. 105 | Tuesday, June 1, 2010

BankTennessee Looks to Build Up Operations

BankTennessee ended the first four months of 2010 in the black, with a profit of a little more than $1.1 million in net operating income.

Flying High

Memphis in May festivities end with air show

Airplanes seen flying through the skies is a part of the daily tableau for Memphians. Odds are they are FedEx or Delta planes lining up for landing or beginning an ascent into the clouds at any hour of the day.

Speak Creative Gives Realty Companies Online Edge

Several years ago, when Speak Creative founder Jacob Savage was working on web design for the local office of a real estate firm, he realized how much industry practitioners rely on technology for success.

Firm Helps Businesses Lure Hispanic Customers

The growth of the Hispanic population in the Mid-South has spurred VIDA PR & Marketing Group to focus on helping businesses attract Spanish-speaking customers.

Nations Inquiry Spawns Legal Flap Over Statement

The head of the county’s emergency preparedness office won’t give a sworn statement to the county attorney’s office about his son’s job with a company that sold the office $98,000 worth of equipment in 2009.

Local Weather
Currently
Memphis, TN
85.0°F
Partly Cloudy
Wind: South at 6.9 mph
Humidity: 65%

EVENTS

The Memphis Rotary Club will meet Tuesday at noon at the University Club of Memphis, 1346 Central Ave. The meeting will include the awarding of Paul Harris Fellows and Rotarian of the Year. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

Cockadoos Brings Southern Spirit to Downtown

Between John Bradley Wells and his wife, Lana, the two have nearly 40 years of experience in the restaurant business.

Business Owners Must Accept Change

Businesspeople, especially business owners, have to accept more change than a vending machine if they want to last long term – and not only accept the change, but adapt to it.

New York Company Buys Gardenwood Apartments

4975 Hoover Drive, Memphis, TN 38128, Sale Amount: $2.9 Million -
New York-based Besyata Corp. has paid $2.9 million for the 152-unit Gardenwood Apartments at 4795 Hoover Drive in Raleigh. An alternate address is 4787 Garden Grove Circle.

Make Execution Your Competitive Edge

A CEO recently shared with me the fundamental reason his business had stagnated – inability to execute.

Court Gives Thumbs-Down to Sex Abuse Case

The Tennessee Appeals Court has ruled the statute of limitations has run in a Memphis civil case alleging the Catholic Diocese of Memphis was negligent in supervising a priest accused of child sexual abuse.

Marketing the Whole Truth to Women

Marketers beware: a nodding woman is not necessarily agreeing with you.

THE MEMPHIS NEWS

Midtown Target

Two years ago this month, awed silence greeted real estate developer Tom Marsh as he clicked through slides and walked a neighborhood group through his team’s plan.

Crosstown Neighborhood in Dire Need of TLC

Longtime Memphians will remember when the area at Poplar Avenue and Cleveland Street was home to the Curb Market, an utterly unique collection of shops from delis to florists.

Charter Commissioners Grapple With Term Limits

For the Metro Charter Commission, setting the qualifications for holding office in a consolidated government is not an abstract discussion.

GPAC Announces Eclectic Lineup for New Season

Life-size marionettes, men in tutus and Betty Boop herself are among the diverse musical, dance and novelty acts on their way to the Mid-South in the coming months.

Change in Dining Apparel Evident Over the Years

Hey, pal, when was the last time you wore a tie to eat at a restaurant? A suit? A jacket? Consented to take off your baseball cap?

Color Me Rosé – and Manly Too

Many times when people write about rosé wines, they begin by exclaiming: “Think pink!” and although the word rosé in French means “pink,” most rosé wines display not that pastel teeny-bopper hue but the color of pale onion skin or ruddy peach or silvery copper or – well, you get the idea. Rosés offer many variations on what we may call the Platonic ideal of pinkness.

STATEWIDE

$150M Flood Aid for Tenn. Passes Another Vote

PROVIDENCE, R.I. (AP) - The U.S. Senate has voted to end debate over an emergency measure that will provide a $150 million down payment on aid to Tennessee, Rhode Island and other states hit by severe floods this year.

STATE LEGISLATURE

Senate Bill to Crack Down on Illegal Immigrants

NASHVILLE (AP) - Tennessee jailers would be required to share information about suspected illegal immigrants with immigration and customs enforcement officials under a proposal that has passed the Senate.

REAL ESTATE

Mortgage Rates Are Back Near Record Low

WASHINGTON (AP) - Turmoil in the stock market and the European debt crisis are making life easier for American homebuyers and families looking to refinance: Mortgage rates are inching closer to a record low.

Fannie Mae: Rate of Late Home Loans Eased in March

WASHINGTON (AP) - Fannie Mae reported Thursday the rate for single-family home loans behind in payments by at least 90 days dipped slightly between February and March. But the rate of serious delinquencies for mortgages on apartment buildings worsened.

NATIONAL BUSINESS

Consumer Spending Posts Weak April Reading

WASHINGTON (AP) - Consumer spending was stagnant in April while incomes posted a tiny advance, signs that the economic recovery could slow.

Be Tough with Your Financial Adviser

NEW YORK (AP) - Your financial adviser might be acting like a doctor who prescribes certain medicine only because he's on a drug company's payroll and then neglects to tell you about it.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
FORECLOSURE NOTICES 22 103 1,461
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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The Memphis News: Business, politics, and the public interest.