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VOL. 125 | NO. 117 | Thursday, June 17, 2010

Inman/EMJ Awarded Security Checkpoint Contract

A new and improved security checkpoint for Terminal B at Memphis International Airport is one step closer to reality.

Lifeblood Uses Event To Raise Awareness

Cassandra Caulford doesn’t think of herself as a hero, but blood donors like her are the reason Lifeblood decided to hold its recent Donor Fest.

Toyota Restarts Mississippi Auto Plant

TOKYO (AP) – Toyota will resume construction of a dormant plant in Northeast Mississippi, hiring 2,000 workers with the goal of building compact Corolla sedans by the fall of 2011, the Japanese automaker said Thursday.

FedEx Reports Strong Quarter

FedEx Corp. closed the fiscal year on a high note with strong fourth-quarter earnings, but the global shipping giant issued a conservative outlook as it gears up for the next 12 months.

Petties Faces New Charges In Prison

Reputed drug kingpin accused of having weapon At Memphis FCI

Craig Petties, the alleged leader of the largest and most violent drug organization ever tried in Memphis federal court, faces new federal charges.

Local Weather
Currently
Memphis, TN
67.0°F
Fair
Wind: from the West at 16.1 gusting to 21.9 mph
Humidity: 44%

EVENTS

Baker, Donelson, Bearman, Caldwell & Berkowitz PC will present “Regulating the ADAAA” Thursday from 8 a.m. to 9 a.m. at Baker Donelson’s office on the 20th floor, 165 Madison Ave. For more information or to register, contact Nicolette Thomas at 577-2328 or nthomas@bakerdonelson.com.

more events »

Wells Fargo Uses City Initiative To Support Case

At the end of March, Memphis Mayor A C Wharton Jr. unveiled to the Memphis City Council his “City of Choice” initiative, a public sector effort to repair the city’s image and restore its middle class.

NBC’s Roker to Make Gift Stop in Memphis

Al Roker, the weather anchor for NBC’s “Today,” will be broadcasting from Memphis on June 24 where he will make donations to a nonprofit organization as part of the annual “Lend a Hand Today” trip.

Feibelman Touts Variety of Practice Areas

If you are introduced to Jef Feibelman, the Memphis lawyer and managing partner at Burch, Porter & Johnson PLLC, ask him what he’s reading, but don’t ask him what kind of law he practices.

Consumer Beware of Secret Recipes

Ray’s Take: There’s a sector of the population that’s always on the lookout for that magic weight-loss secret that will let them lose weight without changing what they eat or their level of activity. There is always someone out there who will offer to sell it to them.

Luttrell, Ford Butt Heads Over Consolidation

The two candidates for Shelby County mayor clashed again in Bartlett Tuesday evening over who is the most opposed to local government consolidation.

STATEWIDE

TVA Fuel Cost Up for Fifth Straight Month

KNOXVILLE (AP) - The Tennessee Valley Authority is raising rates for a fifth straight month due to higher fuel costs, adding up to $4 a month for residential customers.

NATIONAL BUSINESS

SEC Proposes New Disclosures for Target-Date Funds

WASHINGTON (AP) - Federal regulators on Wednesday proposed new disclosure rules for target-date retirement funds that would require sponsors to spell out how they are investing the money and to warn about risks.

Industrial Production Rises 1.2 Pct in May

WASHINGTON (AP) - Industrial production rose 1.2 percent in May as manufacturing remained a key engine of the economic recovery.

Wholesale Prices Fall 0.3 Percent in May

WASHINGTON (AP) - Wholesale prices fell for a second straight month in May, the first time that has happened in a year, reflecting big declines in the cost of energy and food.

NATIONAL POLITICS

Unemployment Bill Dealt Senate Defeat

WASHINGTON (AP) - Republicans and a dozen Democratic defectors in the Senate dealt a defeat to President Barack Obama Wednesday, just days after he pressed Congress to renew pieces of last year's economic stimulus bill.

AP-GfK Poll Bolsters Congressional Democrats

WASHINGTON (AP) - There's encouraging news for Democrats battling to retain control of Congress in this fall's elections, with the party holding a slender edge in public trust for shepherding the economy and small gains in those saying their finances are healthy, according to a new poll.

REAL ESTATE

Citi, Fannie Mae Offer Mortgage Relief to Gulf

DES MOINES, Iowa (AP) — Homeowners in areas of the Gulf of Mexico affected by the BP oil spill are getting mortgage relief from Citigroup Inc. and government sponsored mortgage purchaser Fannie Mae.

Home Construction Sinks, Building Permits Down

WASHINGTON (AP) – Home construction plunged last month and building permits also fell, the latest signs construction won’t fuel the economic recovery.

Fannie Mae, Freddie Mac to Delist Shares from NYSE

NEW YORK (AP) - Government-sponsored mortgage purchasers Fannie Mae and Freddie Mac plan to delist their shares from the New York Stock Exchange. Both stocks tumbled in Wednesday morning trading.

Grand Jury Indicts Mortgage Co. Chief in TARP Case

WASHINGTON (AP) - A federal grand jury has indicted the chief executive of what was once among the largest privately held mortgage lending companies for allegedly scheming to steal over half a billion dollars from the government's Troubled Assets Relief Program.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 128 17,998
MORTGAGES 155 155 20,990
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 149 149 36,765
BANKRUPTCIES 60 60 11,985
BUSINESS LICENSES 19 19 5,696
UTILITY CONNECTIONS 49 49 12,297
MARRIAGE LICENSES 40 40 4,518

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