» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 123 | NO. 125 | Thursday, June 26, 2008

Herenton: Prosecutors Dropped Ford/Lee Case To Go After Me

In a free-ranging discussion that lasted about an hour, Herenton – who at one point held up a recent copy of The Commercial Appeal to blast its coverage of him – sounded off on one of several recent federal corruption cases. Referring to the decision by federal prosecutors earlier this week to drop charges against former Memphis Light, Gas and Water Division president and CEO Joseph Lee and former Memphis City Council member Edmund Ford Sr., Herenton said the feds wanted to get that case out of the way so they could focus on the mayor.

MCS and City Head to Court

A local stalemate over school funding was the reason Memphis City Schools filed a lawsuit against the city of Memphis last week. At some point, education officials in the state capital could weigh in.

Organization Keeps Kids Out of Courts

Mothers of the NILE has a mission to “reduce the number of children who come into contact with the juvenile justice system.”

Housing Slump Hits MAAR Membership Rolls

Membership in the Memphis Area Association of Realtors (MAAR) declined 8 percent in June compared with the same month a year ago, a sign the housing slump finally is taking a toll on the area’s industry professionals.

Public, Media Barred From Buyout Info Session

NASHVILLE (AP) – State officials have barred reporters and the public from town hall meetings with state employees about Tennessee’s voluntary buyout plan.

Local Weather
Currently
Memphis, TN
47.0°F
Mostly Cloudy
Wind: Southeast at 5.8 mph
Humidity: 54%

EVENTS

The Memphis Regional Chamber will host its Breakfast Forum today from 7 a.m. to 9 a.m. at the Memphis Cook Convention Center, 255 N. Main St. ArtsMemphis will host Neil Archer Roan with the Washington-based Roan Group as the speaker. R.S.V.P. to Ericka Milford at 543-3518 or emilford@memphischamber.com.

more events »

New Home Sales, Prices Both Drop in May

WASHINGTON (AP) – Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, underscoring the depth of the nation’s housing woes.

Rainey Kizer Firm, Reviere Ready for Downtown Move

Russell “Rusty” Reviere is moving Downtown. Well, sort of.

FedEx Opens 2 Gateways to Support Distribution Service

MEMPHIS (AP) - FedEx Trade Networks Inc., a subsidiary of FedEx Corp., has opened two new West Coast gateways to support its distribution service.

Countrywide Shareholders Approve Takeover by BofA

LOS ANGELES (AP) - Countrywide Financial Corp. says stockholders controlling a majority of the mortgage lender's outstanding shares have approved the company's takeover by Bank of America Corp.

Fed Holds Rates Steady for Now

WASHINGTON (AP) - With inflation moving higher on its worry list, the Federal Reserve held interest rates steady Wednesday, ending nearly a year of cuts to bolster the economy, and hinted that the next direction for rates could be up.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

Weekly Edition

Issues | About

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