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VOL. 127 | NO. 108 | Monday, June 4, 2012

Settlement Brings Milestone in Wells Fargo Case

The announcement that Wells Fargo & Co. has agreed to settle a three-year-old lawsuit filed by Memphis and Shelby County governments over the company’s lending practices – with the settlement including certain local lending commitments on Wells’ part – was certainly a denouement in the case.

Home Browsers

Technology makes house hunting, real estate agents’ jobs easier

Amid the fast-pace world of the real estate business, having technology on your side is not only beneficial, but often necessary.

‘Reluctant Contingency Plan’ Gets Approval

After tallying savings of $97 million by recommending outsourcing transportation and custodial work as well as closing 21 schools, the group planning out a consolidated countywide school system knew there was pain to follow.

SMALL BUSINESS SPOTLIGHT

Semmes-Murphey Turns 100, Looks to Next Century of Care

Semmes-Murphey Neurologic and Spine Institute this year celebrates a century of improving the quality of care for patients with neurological and spine disorders.

Local Weather
Currently
Memphis, TN
54.0°F
Mostly Cloudy
Wind: Southwest at 6.9 mph
Humidity: 34%

EVENTS

Visible Music College will present a Visible Live concert Monday, June 4, from 6 p.m. to 8 p.m. in the Cooper-Young gazebo at the corner of Cooper Street and Young Avenue. Darien Clea will perform. Cost is free.

more events »

LOCAL COLUMNISTS

Keep a Grip On Reality

Business owners who lose touch with reality usually end up going out of business. So let’s chat a bit about reality this week. Among a group of people, the most successful person is usually the one whose viewpoint or image of reality is most closely related to reality. But why would someone’s image of reality deviate from reality in the first place? It’s easy to understand how that can happen if you understand how the brain creates images of reality.

THE MEMPHIS NEWS

Medical Realignment

Hospitals scooping up private practices at rapid clip as health care reform looms

Private practice is fast becoming a thing of the past, as physicians groups across the country scramble to align with large health care systems in a move largely driven by national health care reform.

City Needs to Keep Eye on Wells Fargo

The out-of-court settlement by the city and county with Wells Fargo of the lawsuit alleging discriminatory and racially motivated home mortgage refinancing practices has great potential.

NATIONAL BUSINESS

US Employers Still Waiting for Sales to Pick Up

WASHINGTON (AP) – The U.S. economy suddenly looks a lot weaker.

SEC Changing Rules for When Exchanges Halt Trading

WASHINGTON (AP) – Federal regulators are changing the rules for when a dramatic shift in value of the stock market or individual stocks triggers exchanges to halt trading.

US Consumer Spending up 0.3 Pct. in April

WASHINGTON (AP) — Consumer spending edged up modestly in April but personal income growth was the slowest in five months, raising concerns about the ability of Americans to keep spending in the future.

Wal-Mart CEO Says Co. Committed to Compliance

FAYETTEVILLE, ARK. (AP) – Wal-Mart Stores Inc. CEO Mike Duke said Friday that the retailer is committed to integrity in the wake of recent bribery allegations in Mexico.

GM to Buy Out White-Collar Pensions

DETROIT (AP) General Motors Co. will change the way it makes pension payments to white-collar retirees, cutting its underfunded U.S. pension obligation by $26 billion.

REAL ESTATE

Construction Spending up 0.3 Pct. in April

WASHINGTON (AP) — U.S. builders increased their spending on construction projects for a second month in April. A pickup in home construction and commercial projects offset a fifth consecutive decline in government spending.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 82 82 19,655
MORTGAGES 75 75 22,989
FORECLOSURE NOTICES 7 7 8,311
BUILDING PERMITS 138 138 40,167
BANKRUPTCIES 72 72 13,176
BUSINESS LICENSES 9 9 6,146
UTILITY CONNECTIONS 52 52 13,048
MARRIAGE LICENSES 30 30 4,872

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