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VOL. 126 | NO. 124 | Monday, June 27, 2011

Morgan Keegan Speculation Begins

More than one analyst is predicting Morgan Keegan & Co. Inc. could fetch a minimum of $700 million if its parent company, Regions Financial Corp., follows through on an anticipated sale of the Memphis-based investment firm.

Study Session

State officials examine future of Lambuth site

By the end of this week, the fate of Lambuth University in Jackson, Tenn., should be known. Thursday, June 30, is the day the private United Methodist Church-affiliated institution is scheduled to close.

Debt Weighs Heavy On College Graduates

One of the hardest things Bruce Ralston says he has to deal with as a bankruptcy attorney is something attorneys like him can’t always fix or make go away.

Victory University Rises From Crichton’s Ashes

Many private colleges and universities faced hard times during the weak economy, but one local institution’s post-recession financial turnaround is no small victory.

Cash’s City Schools Reform Effort Put to Test

For Memphis City Schools superintendent Kriner Cash, the school year just ended was a real test of his now three-year-old reform plan.

Local Weather
Currently
Memphis, TN
77.0°F
Light Rain
Wind: from the North at 12.7 gusting to 20.7 mph
Humidity: 82%

EVENTS

Visible Music College and the Cooper Young Business Association will present Visible Live, a free live concert featuring Visible students, alumni and staff, Monday, June 27, from 6 p.m. to 8 p.m. at the corner of Cooper Street and Young Avenue. The Teacher’s Lounge Trio will perform. For more information, visit www.cooperyoung.biz.

more events »

Methodist Hospice Set for Opening

Methodist Le Bonheur Healthcare is set to open its new hospice residence, which will provide comfort and care in a serene, homelike like setting for terminally ill adult and pediatric patients in the final stage of life.

Apartments Owner Files Suit to Combat Foreclosure

Three apartment complexes in Southeast Memphis that sold three months ago for $10 million are now mired in foreclosure and a $28 million lawsuit.

Ford & Harrison Recognized

Ford & Harrison LLP, a labor and employment law firm with a Memphis office, has been ranked one of the top 100 law firms in “The American Lawyer” 2011 Diversity Scorecard, an annual ranking of firms based on the proportion of minority representation within their partnerships and overall lawyer populations.

Kruger Set for IDB Mtg.

Canada-based manufacturer Kruger Inc. is one step closer toward a major investment in its Memphis facility north of Downtown.

KIPP Diamond Academy Adds Ninth-Grade Class

The KIPP Diamond Academy, 230 Henry St., is one of a handful of charter schools that have succeeded in the Memphis area in the last 10 years, and the school is now expanding by adding a ninth-grade class starting July 11.

LOCAL COLUMNISTS

Tom Pease Interviews Tom Pease

How about a dialogue of a strange sort, as I interview myself on small business. The main thing is value points for you, so give me a break. You are a business person, do you want Oprah or Trump? I come bearing business truth serum for good and bad.

Stewards Of Children

Last week, we explored the Power of Positive News and how we can be intentional about promoting more good stories in Memphis. This week, let us discuss a program that takes a direct and comprehensive approach to educating adults and youth-serving organizations to prevent, recognize and react responsibly to child sexual abuse: Stewards of Children.

THE MEMPHIS NEWS

Pieces of the Puzzle

After weeks of debate and dissent, the City Council finalizes the 2012 budget

Memphis City Council members left the city property tax rate at $3.19 Tuesday, June 21, as they ended their budget season.

Budget is Balanced, But it Raises Concerns

Now we know what “shared sacrifice” means.

Garden Hosts 11th Summer of Concerts

For a summertime concert series in Memphis, the act playing is only half the story. The big draw oftentimes is its location.

‘Off Night’ No Excuse For Bad Dining Experience

The mantra seems to be: “Every restaurant has an off night.”

Stay Cool With Quenching ’10 French Rosé

In 218 B.C. when the Carthagenian general Hannibal and his armies and elephants were trekking through southern Gaul on their way to stomp the crap out of the Romans, did they stop to cool their heels betimes in what is now the wine region called Coteaux Varois en Provence? Who knows? I mean, they had to spend the night somewhere, right? This is an area east of Marseille and north of Toulon known primarily for rosé wines; in fact 88 percent of the 1.25 million cases produced annually in Coteaux Varois en Provence is rosé.

STATEWIDE

Traffic Tickets to Cost Tennesseans More

NASHVILLE (AP) – Tennesseans could be charged up to nearly $70 more for traffic tickets under a new state law that takes effect next month and is intended to fund crime lab services for law enforcement agencies.

NATIONAL BUSINESS

US Launches Google Antitrust Inquiry

WASHINGTON (AP) – Federal regulators have begun a formal antitrust investigation into Google's business practices.

NATIONAL POLITICS

Economy Grew Slightly Faster 1.9 Pct. in Q1

WASHINGTON (AP) – The U.S. economy expanded a little faster at the beginning of the year than previously estimated. But the pace was still anemic and economists don't see that changing until later this year.

AP EXCLUSIVE: Power Grid Change May Disrupt Clocks

WASHINGTON (AP) – Our power supply has been so precise that we've set our clocks by it. But time may be running out on that idea.

Obama Invites Top US Senators for Debt Talks

WASHINGTON (AP) – Stepping directly into stalled debt talks, President Barack Obama is inviting the two leaders of the U.S. Senate to separate meetings Monday, shifting the negotiations to the highest levels.

Congressman Introduces Bill to Allow Online Poker

LAS VEGAS (AP) – U.S. Rep. Joe Barton introduced a bill Friday to legalize online poker, hoping to pull the estimated $6 billion industry out of the shadows at a time when its top operators face serious legal troubles.

REAL ESTATE

Feds Seek Life Term for Mortgage Fraud Mastermind

ALEXANDRIA, Va. (AP) – Federal prosecutors are seeking a life sentence for the man convicted of orchestrating a $3 billion fraud while running what had been one of the nation's largest private mortgage companies.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 188 14,031
MORTGAGES 126 219 16,224
FORECLOSURE NOTICES 12 17 2,219
BUILDING PERMITS 170 411 29,164
BANKRUPTCIES 57 116 9,042
BUSINESS LICENSES 23 52 4,753
UTILITY CONNECTIONS 29 66 5,599
MARRIAGE LICENSES 19 56 3,038

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