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VOL. 126 | NO. 111 | Wednesday, June 8, 2011

Temple-Inland Rejects IP Bid

The board of Austin, Texas-based packaging and building materials maker Temple-Inland Inc. has adopted a shareholder rights plan, or “poison pill,” in response to a hostile takeover bid from Memphis-based rival International Paper Co.

Brewing Loyalty

Ghost River expands customer base through careful, steady growth

Many consumers of craft beer may not be fully aware of the operation involved behind each glass.

City Council Rejects 18-Cent Property Tax Hike

The city of Memphis operating budget for the fiscal year to come July 1 is $11 million from being balanced.

Commission Delays County Budget Vote

The Shelby County Commission will probably stay within the parameters of the budget compromise outlined by Shelby County Mayor Mark Luttrell’s administration several weeks ago.

Wharton Backs Tax Hike and Fee Increase Package

Memphis Mayor A C Wharton Jr. is backing an 18-cent city property tax hike to balance the city’s budget.

Local Weather
Memphis, TN
Wind: Calm mph
Humidity: 67%


Talk Shoppe will present “Recognizing Behavioral Styles in Selling” Wednesday, June 8, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

Naturopathy Gains Popularity in Fighting Illnesses

After being diagnosed with stage 3 colon cancer in 2003 and undergoing surgery to remove a golf ball-sized tumor and part of his large intestine, Memphian Chris Wark shocked and disappointed his friends and family members when he defied doctors’ advice to undergo chemotherapy.

May Home Sales Rise in Tipton, Fayette Counties

Tipton County home sales surged last month – up 76 percent from May 2010 totals – while Fayette County remained basically flat, with a 2 percent increase.

Downtown’s Gator Print to Shutter its Doors

A printing company Downtown for nearly 30 years will close next week.

Littleton Promoted to Manager of Private Banking at Paragon

Wayne Littleton has been promoted to manager of private banking at Paragon National Bank. He also will continue to serve as president of the bank’s Saddle Creek branch, 7600 Poplar Ave.


See the Big Picture

The most recent disappointing U.S. jobs report surprised many analysts and economists. With the Fed on full throttle, why haven’t more jobs been created?

Influence to Strong Sales

Editor’s Note: This is the second in a two-part series.


Nashville Getting Another $22 Million in Relief

NASHVILLE (AP) – More than a year after severe flooding inundated Nashville neighborhoods, the city is receiving an additional $22.3 million in federal recovery funds.


Tennessee Supreme Court Considers Paternity Fraud

NASHVILLE (AP) – The Tennessee Supreme court has agreed to hear a case that could decide whether a man has legal grounds to sue for being duped into supporting a child that turns out to be fathered by someone else.


Regions Bank Buys $1 Billion Credit Card Portfolio

BIRMINGHAM (AP) Regions Bank on Monday said it signed a deal to buy the $1 billion portfolio of its branded credit card from a subsidiary of Bank of America.


Companies Pulled Back on Job Postings in April

WASHINGTON (AP) – Businesses advertised fewer jobs in April than the previous month, a sign that hiring could slow further in the coming months.

Oxbow Mining Accuses Railroads of Price Fixing

OMAHA, Neb. (AP) – Oxbow Mining says the Union Pacific and Burlington Northern Santa Fe railroads conspired to raise prices on customers like the Colorado coal mine Oxbow runs.

Moody's Compares PBMs, Backs CVS Caremark

NEW YORK (AP) – Moody's Investor's Service maintained a positive view of the largest U.S. pharmacy benefits managers Tuesday, saying it has the highest opinion of CVS Caremark Corp.


GOP Leader 'Cautiously Optimistic' on Debt Talks

WASHINGTON (AP) – The No. 2 Republican in the House says he's "cautiously optimistic" that ongoing budget talks led by Vice President Joe Biden will produce an agreement on budget cuts at least as large as the accompanying increase in the government's ability to borrow.

Bernanke Sees Stronger Growth in 2nd Half of Year

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke noted Tuesday that the job market and the economy have weakened in recent weeks. But he said the main reasons are higher gas prices and the Japan crises – factors that should ease in coming months– and predicted growth would strengthen later this year.

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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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