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VOL. 124 | NO. 107 | Wednesday, June 3, 2009

Motel Owner Works to Reinvent Former Nuisance

The former Motel 78 at 3896 Lamar Ave. in the heart of Oakhaven/Parkway Village has a new ownership group and a new name, the Real Value Inn. The goal now is to create a new image for the once-seedy hotel shuttered last year in a prostitution crackdown.

Herenton Defends Damage Control Effort At Rape Crisis Center

Memphis Mayor Willie Herenton told City Council members Tuesday afternoon that the Memphis Sexual Assault Resource Center (MSARC) will remain a part of city government and will not be transferred to Shelby County government as long as he is mayor.

Meeting Spotlights Commission Schisms

The audience at this week’s meeting of the Shelby County Commission came for the debate over a proposal to ban discrimination based on sexual orientation in county government.

Stanford Attorneys Bail On Humbled Financier

Several attorneys working for the billionaire namesake of Stanford Financial Group have filed notice with a Texas court of their intent to withdraw from the case.

Baptist, Methodist Go Forward With Hospice Homes

An unmet community need to provide a place where people can live their last days with dignity is being fulfilled.

Local Weather
Memphis, TN
Wind: North at 10.4 mph
Humidity: 65%


The Alliance for Nonprofit Excellence will hold a workshop titled “Human Resources 101” today from 8:30 a.m. to 3:30 p.m. at the Alliance office, 5100 Poplar Ave., Suite 502. The facilitator will be Tiffany Chisnall, who will discuss how to manage human resources for a nonprofit organization. For more information or reservations, call 684-6605 or visit www.npexcellence.org.

more events »

Anti-Discrimination Ordinance Falls Short

Can you imagine being Hindu and having to recite the Lord’s Prayer each morning at school? I can, although I’m neither Hindu nor a practicing Christian.

Collierville Lowe’s Closer to Fruition

After four years of starts and stops, Lowe’s is coming to Collierville.

Society of Entrepreneurs Names Crye Master Entrepreneur

Harold Crye, co-founder and chief executive officer of Crye-Leike Realtors, has been honored as the 2009 Master Entrepreneur by the Society of Entrepreneurs in partnership with Junior Achievement of Memphis.

Head of Tenn. Gun Advocacy Group Not Registered to Lobby

NASHVILLE, Tenn. (AP) - Tennessee Firearms Association head John Harris, a driving force behind a slew of gun bills in the Legislature this year, is not registered as a lobbyist.

Bill Would Make Tenn. Ethics Commission Part of Merger

NASHVILLE, Tenn. (AP) - Lawmakers have agreed to merge the Tennessee Ethics Commission and Registry of Election Finance into one entity they believe will be more streamlined and economical.

Domestic Violence Gun Bill Headed to Tenn. Governor

NASHVILLE, Tenn. (AP) - A proposal that would create a procedure for individuals subject to an order of protection for domestic violence to turn over their weapons is headed to the governor for his consideration.

State House Sponsor Abandons Medical Privacy Bill

NASHVILLE, Tenn. (AP) - The House sponsor of a proposal to give parents full access to their children's medical records has withdrawn the measure from consideration.

Fourteen States to Split $42 Million in Watershed Funds

TERRE HAUTE, Ind. (AP) - Indiana, Tennessee and California are three of 14 states that will share more than $42 million in federal stimulus money to improve water and wildlife conservation in rural communities.

Glaxo Signs Deal With Concert on Early Stage Drugs

LONDON (AP) - GlaxoSmithKline PLC signed a potential $1 billion deal with U.S. biotech company Concert Pharmaceuticals on Tuesday to access deuterium-containing medicines, a deal that will beef up its pipeline of early stage drugs.

White House Frames Health Care As Economic Problem

WASHINGTON (AP) – A U.S. Senate chairman who has a major role in writing health care legislation said Tuesday he hopes to convince President Barack Obama that taxing some employer-provided benefits will help control escalating costs.

Three Banks Take Steps Toward Repaying Government

NEW YORK (AP) - Morgan Stanley, JPMorgan Chase & Co. and American Express Co. moved closer to repaying government bailout money, announcing a series of new stock sales.

Thrift Losses Narrow in Q1; More on 'Problem' List

WASHINGTON (AP) - Losses at U.S. thrifts narrowed considerably in the first quarter, but the number of institutions in trouble increased, the Office of Thrift Supervision said Tuesday.

Morgan Stanley to Raise $2.2 Billion in Capital

NEW YORK (AP) - Morgan Stanley said Tuesday it will raise $2.2 billion through a stock offering as part of a plan to satisfy preconditions for repaying a government loan it received last fall amid the deepening credit crisis.

Goldman Sachs Sells $1.9B Stake in China's ICBC

HONG KONG (AP) - Goldman Sachs has raised more than $1.9 billion after selling part of its stake in Industrial & Commercial Bank of China as the U.S. investment firm seeks to repay government bailout funds.

AP Source: GM to Sell Hummer to Chinese Company

DETROIT (AP) - General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands.

Teamsters Threaten to Shut Down Star Tribune

MINNEAPOLIS (AP) - The Teamsters union is threatening a strike it says would likely shut down the Star Tribune if the newspaper, which is in bankruptcy protection, is allowed to scrap its contract with unionized drivers.

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Blog News, Training & Events
PROPERTY SALES 110 188 14,031
MORTGAGES 126 219 16,224
BUILDING PERMITS 170 411 29,164
BANKRUPTCIES 57 116 9,042

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