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VOL. 125 | NO. 121 | Wednesday, June 23, 2010

Investor Emerges for Elvis, 'American Idol' Parent CKx

NEW YORK (AP) — A potential new investor has emerged for CKx Inc., the owner of the "American Idol" reality TV show and 85 percent of Elvis Presley Enterprises.

Memphis on the Rocks Latest Vision for Trailblazer

Whether your drink of choice is cotton candy vodka, a more traditional gin and tonic or a no-nonsense straight-up bourbon, you can quench your thirst Thursday night on South Main Street at Memphis on the Rocks.

The celebration of fine distilled spirits will feature more than 50 premium brands of bourbon, gin, rum, tequila, vodka and whiskey from several distributors, including Memphis’ Southwestern Beverage Distributing.

US Home Sales Plummet in May as Tax Credit Expires

Sales of new homes plummeted in May, falling 31 percent locally and 33 percent nationally as potential homebuyers scurried from the market once the homebuyers tax credit expired.

I-240-Airways Project Stymied by Old Info

The aerotropolis initiative’s transportation work group has recommended reexamining the Interstate 240-Airways Boulevard interchange modification study after finding flaws in the study, most of which arose from the length of time it took to research the area.

Bredesen Endorses Democrat McWherter for Governor

NASHVILLE, Tenn. (AP) — Tennessee Gov. Phil Bredesen has endorsed fellow Democrat Mike McWherter's gubernatorial bid.

Council Adjusts Waste Fees - Helps CDC Buy Marina Cove Apartments

Memphis City Council members made a few changes to the new city budget for the fiscal year starting July 1. But coming up with $57 million in funding for the Memphis school system wasn’t one of them.

Baptist Seeks To Declassify Class Action Suit

Lawyers for Baptist Memorial Health Care Corp., who have filed a motion to have class action status removed from a lawsuit alleging unfair pay practices, scored a victory on Monday.

County Awards New Design Contract For Admin Building

Shelby County government is drawing up a new contract for renovation of the Vasco Smith Administration Building, 160 N. Main St., after deciding not to work with the first vendor chosen for the project.

Sheriff Candidates Spar, Argue Over ‘Thunderdome’ Jail

There were two big shows on the local political circuit Monday evening.

County Declines $11.6 Million in Federal Bonds

Shelby County government will take a pass on $11.6 million in federal recovery zone economic development bonds.

Flintco Cos. Names Clawson Marketing Coordinator

Beth Clawson has been named marketing coordinator for the Memphis office of The Flintco Cos. Inc. Clawson joined Flintco after serving as director of the American Heart Association’s Heart Walk in Memphis.

An Inspired Pitch

One percent. That’s about the number of elevator pitches that are unique and inspired. Fortunately, though, it’s relatively easy to course correct a bad elevator pitch – delivering one that attracts prospects versus sedating them.


Barbour: Judge Right to Block Drilling Moratorium

JACKSON, Miss. (AP) — Mississippi Gov. Haley Barbour is praising a federal judge's decision to lift the Obama administration's six-month moratorium on deepwater oil drilling in the Gulf of Mexico.

Keet: Ark. School Consolidation Law Needs Change

LITTLE ROCK, Ark. (AP) — Republican gubernatorial candidate Jim Keet says Arkansas should revisit its law requiring small school districts to consolidate, but Democratic Gov. Mike Beebe says changing it would invite new lawsuits.

AIDS Awareness Campaign Targets Hispanics in Miss.

JACKSON, Miss. (AP) — The Rev. Ken Ramone-Landry of Sacred Heart Church believes a new project to educate Mississippi's Hispanic immigrant community about HIV/AIDS has good intentions, but has some doubts about the online approach.


Geithner Sees US Taxpayer Recovery on Bailout

WASHINGTON (AP) — Members of a watchdog panel on Tuesday pressed Treasury Secretary Timothy Geithner on looming losses for banks and foreclosure relief for struggling homeowners, as he assured them that U.S. taxpayers are recovering their investment from the $700 billion financial bailout.

Tentative Consumer Deal Gives Auto Dealers a Break

WASHINGTON (AP) — In a setback for the Obama administration, House and Senate negotiators assembling a massive financial regulation bill are on the verge of excluding auto dealers from direct oversight by a new consumer protection bureau.

Big Oil Strikes Back, Slams Obama's Drilling Ban

LONDON (AP) — Oil executives sent a strong challenge to Barack Obama on Tuesday, warning at a major oil conference that the American president's ban on risky deepwater drilling would cripple world energy supplies.


White House Budget Head Leaving

WASHINGTON (AP) — The White House budget director says he is stepping down next month, positioning him to be the first high-profile member of President Barack Obama's team to depart the administration.


May Home Sales Dip as Housing Market Struggles

WASHINGTON (AP) — The housing market may be on the verge of taking another plunge that could weaken the broader economic recovery.


White House Releases 'Patient Bill of Rights'

WASHINGTON (AP) — President Barack Obama unveiled a package of consumer benefits Tuesday to build support for his health care overhaul within a divided nation and warned Republicans about trying to repeal his landmark law. "We're not going back," said a defiant president.

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PROPERTY SALES 98 238 15,862
MORTGAGES 122 284 18,332
BUILDING PERMITS 137 452 32,966
BANKRUPTCIES 62 178 10,191

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