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VOL. 125 | NO. 112 | Thursday, June 10, 2010

Tough Call

Move east a difficult decision for Glankler Brown

With the ink dry on a lease that moves Downtown mainstay Glankler Brown PLLC out of the landmark One Commerce Square building and into a prominent East Memphis building, one thing is clear: The decision to relocate was excruciating.

Deal 'Huge' For Office Real Estate Market

The lease that sent Glankler Brown PLLC from Downtown to East Memphis was one of the most significant commercial real estate deals inked all year, even in a city known for its abundance of large industrial transactions.

Stash Brings Boutique Furniture Options to Market

Most retailers close stores and shrink operations during a sluggish economy, but Memphis-based Spencer Group, the owner of local Ashley Furniture HomeStores, has bucked that trend by launching a new venture.

Herenton Takes Shot at Wharton

Former Memphis Mayor Willie Herenton re-emerged Wednesday with a shot at current Mayor A C Wharton Jr. for the settlement of the 11-year-old Beale Street lawsuit.

Morris Applies Lifetime of Lessons to Practice

Though J. Robert Morris grew up in the family business, he always wanted to work in Washington.

Local Weather
Memphis, TN
Partly Cloudy
Wind: Southwest at 6.9 mph
Humidity: 58%


The Madison Hotel will host Sunset Atop the Madison Thursday from 5:30 p.m. to 10 p.m. on the hotel’s rooftop, 79 Madison Ave. The event will include a live performance by Joyce Cobb, a cash bar and a rooftop terrace menu. Admission is $7. For more information, call 333-1200.

more events »

Permission To Spend Granted

Ray’s Take: It seems our past few columns have been hammering home the idea of not spending. It’s excellent advice for building wealth, yet not the best advice for enjoying it.

Red Cross Seeks to Recoup Disaster Response Funds

After responding to historic flooding, the American Red Cross Mid-South Chapter is seeking donations to replenish its local coffers and help pay back the national organization’s disaster relief fund.

Suspension Higlights Immigration Advocacy Issues

When the Tennessee Supreme Court took up the appeal by a Memphis attorney of his one-year disciplinary suspension, the five judges also ventured into an area some federal judges have expressed concern about.

Farmers Markets Planned for Under-Served Areas

Two nonprofit organizations will be seeking government approval Thursday to open farmers markets in Binghampton and South Memphis as part of an effort to make city residents healthier.


Student Investors in TVA Program Best Wall Street

KNOXVILLE, Tenn. (AP) — College students in a Tennessee Valley Authority investment challenge program beat the average return on Wall Street for the eighth year in a decade.

Nashville Needs Strong CMA Fest to Boost Recovery

NASHVILLE, Tenn. (AP) — Allen Richards doesn't need a spreadsheet or cash register to tell him how business is in downtown Nashville after last month's flood.


Lobbying Legislators Costs Total Nearly $400,000

NASHVILLE, Tenn. (AP) — As the Tennessee legislative session wound down, the Bureau of Ethics and Campaign Finance took stock of spending on lawmakers by interest groups.

Senate Rejects Efforts to Revive Coal Mining Bill

NASHVILLE, Tenn. (AP) — The state Senate on Wednesday defeated a parliamentary effort to resurrect a bill to curb mountaintop removal coal mining in Tennessee.


Ark. Voting Lawsuit to Move Forward

LITTLE ROCK, Ark. (AP) — A lawyer representing three Garland County voters who want Tuesday's election results nullified said Wednesday he'll move forward with the suit, even though the county's votes aren't enough to change the outcome of the high-profile U.S. Senate race.

Unions Defend Failed Attempt to Topple Lincoln

WASHINGTON (AP) — Unions are being forced to justify the estimated $10 million they spent in a high-stakes gambit that failed in Arkansas.


Bernanke Says Recovery on Track Despite Headwinds

WASHINGTON (AP) – The European debt crisis is likely to have only a “modest” impact on the U.S. economic recovery as long as Wall Street stabilizes, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday.

Fed Survey Finds Modest Recovery is Spreading

WASHINGTON (AP) — For the first time since the beginning of the recession, economic growth — modest and fragile, but growth nonetheless — has spread to every corner of the country.

More Employees Jump Ship as Economy Improves

One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them.

BP Oil Collection Ramps Up; So Do Claims Questions

NEW ORLEANS (AP) — BP plans to bring in an oil-burning device and a tanker from the North Sea as it tries to contain the crude spewing into the Gulf of Mexico, a disaster creating headaches for people who make money off the sea and those processing their claims of financial loss.


Year of the Political Woman Redux? Looks That Way

WASHINGTON (AP) — It's looking like a new "year of the woman" in politics.


Overall Mortgage Application Volume Falls 12.2 Percent

WASHINGTON (AP) — The number of customers applying for a mortgage to purchase a property fell to the lowest level in 13 years last week, a sign the housing market is struggling without government incentives.

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PROPERTY SALES 86 374 7,749
MORTGAGES 89 414 9,199
BUILDING PERMITS 197 1,007 16,607
BANKRUPTCIES 45 279 5,406

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