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VOL. 124 | NO. 115 | Monday, June 15, 2009

SCOTN Declines To Speed Appeal In MCS Funding Lawsuit

The Tennessee Supreme Court has declined to hear a direct appeal of a judgment against the city of Memphis in the long-running city schools funding lawsuit.

County Commission Heads Into Budget Talks Again

Shelby County Commissioners are within sight of the end of their budget year with today’s meeting.

Local Banks Hanker To Repay TARP Money

Wall Street megabanks poised to repay the government’s bailout money aren’t the only ones eager to disentangle themselves from the grip of Uncle Sam.

Political Expedience at Work in Herenton-Cohen Match

It’s on.

Paper Trace Manages Documents, Records for Clients

Patrick McGrail started Paper Trace LLC with $35,000 in personal savings five years ago and since has grown it into an operation with $1.4 million in annual revenue.

Local Weather
Memphis, TN
A Few Clouds
Wind: Northwest at 12.7 mph
Humidity: 58%


The Greater Memphis Chamber will hold a metro mixer Wednesday from 5:30 p.m. to 7 p.m. at Minglewood Hall, 1555 Madison Ave. Deadline for registration is today. To register, contact Tunga Lee at 543-3571 or tlee@memphischamber.com.

more events »

College Lite: Post-high school training programs – how do they rate?

Jess Parrish used to say that when he started Shelby State Community College in 1970, he ran it out of the trunk of his car. His comment reflected the hard work it took to start a two-year college. Parrish also was acknowledging some of the perceptions about community colleges that exist to this day – eight years after SSCC merged with State Technical Institute to become Southwest Tennessee Community College, the largest community college in the state.

Two-Year Colleges Deserve Second Look Statewide

Gov. Phil Bredesen made an eye-opening comment this past March when he met with the editorial board of The Tennesseean, Nashville’s daily newspaper.

$7.86 Million Road Project a Waste of Taxpayer Money

The current Shelby County construction project to replace 3.5 miles of two-lane Houston Levee Road from the Wolf River Bridge to Macon Road with a nicer two-lane road has many detractors. I am one of them.

Memphis Youth Symphony Alumni Reunite at Homecoming Concert

The various ensembles of the Memphis Youth Symphony present eight concerts each year, but for the first time MYS has slated a concert to be played by grownups.

Tenn. Senate Sends Judicial Selection Bill to Governor

NASHVILLE, Tenn. (AP) - The Senate has agreed to the House version of a bill to change the way judicial vacancies are filled in Tennessee.

Lawmakers Agree to Create Statewide Building Code

NASHVILLE, Tenn. (AP) - A proposal to enact a minimum residential building code around Tennessee is headed to the governor for his consideration.

Bredesen Spending Plan Advances to Senate

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen's spending plan is headed for a full Senate vote with the deletion of some proposed cuts by Republican lawmakers.

US Airways Seeks 400 Flight Attendants for Leave

TEMPE, Arizona (AP) - US Airways Group Inc. is asking 400 flight attendants to take up to 16 months off in response to overstaffing.

RiseUp Files for Bankruptcy

KANSAS CITY, Mo. (AP) - The publishers of RiseUp, a short-lived newspaper insert dealing with race and ethnicity, have filed for bankruptcy.

Hartford Financial to Offer $750M in Shares

HARTFORD, Conn. (AP) - Insurer Hartford Financial Services Group Inc. said Friday it will offer shares of stock for sales proceeds of up to $750 million.

Dodd's Wife Serves on Health Care Company Boards

WASHINGTON (AP) - The wife of a senator playing a lead role on a national health care overhaul sits on the boards of four health care companies, one of several examples of lawmakers with ties to the medical industry.

House Set to Send FDA Tobacco Bill to Obama

WASHINGTON (AP) - After more than a decade of efforts by smoking opponents, Congress prepared to take a final vote Friday on legislation giving the government far-reaching powers to regulate tobacco and limit tobacco industry marketing and sales practices that lure young people into smoking habits.

Drugmakers Rush to Produce a Swine Flu Vaccine

LONDON (AP) - With swine flu now an official pandemic, the race is on among drugmakers to produce a vaccine.

Globe: 3 Possible Buyers of Newspaper Emerge

BOSTON (AP) - The Boston Globe is reporting that three area businessmen, including a member of the family that once owned the newspaper, have emerged as possible buyers.

General Motors' Purchasing Chief Steps Down

DETROIT (AP) - General Motors Corp.'s top purchasing executive abruptly stepped down Friday to pursue what the company said were other career opportunities.

GM, Chrysler Executives Defend Dealership Closings

WASHINGTON (AP) - General Motors and Chrysler executives defended the closings of hundreds of dealerships Friday as House lawmakers questioned whether the decisions would save any money or help the troubled companies rebound.

Convertibles Taking Investors on a Good Ride

CHICAGO (AP) - Mutual fund billionaire John Calamos fields the question frequently from investors: Just what exactly is a convertible bond?

Commodity Prices Give Up Some of This Week's Gains

NEW YORK (AP) - Commodities broke their winning streak Friday and retreated, as investors worried that prices might have shot up too fast.

Weekly Snapshot

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Blog News, Training & Events
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762

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The Memphis News: Business, politics, and the public interest.