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VOL. 124 | NO. 111 | Tuesday, June 9, 2009

Stanford, SEC Talk Down Receiver’s Fee Requests

It may be the only time Allen Stanford and the federal agency that helped dismantle his financial empire find something they can agree on.

Health Department Gets MSARC In Herenton Reversal

Less than a week after he insisted the Memphis Sexual Assault Resource Center would remain a part of city government, Memphis Mayor Willie Herenton reversed course Monday.

Hope Works Swims Against Recession Tide to Rebuild Lives

Sometimes people who have made the wrong choices in life become so burdened by guilt they become resigned to being bad. Antonio Owens helps them confront that guilt so they can live a good life.

Slight Decline In Mortgage Activity Not a Deal-Breaker Yet

Mortgage activity went lockstep with home sales in May, registering a disappointing – albeit slight – decline from the previous month as industry experts hoped for better numbers.

Orgill to Shed 176 Jobs at Memphis Facility by August

With the closure of its Memphis distribution center this year, Memphis-based Orgill Inc. now is shedding jobs in anticipation of a previously announced shutdown.

Local Weather
Currently
Memphis, TN
79.0°F
A Few Clouds
Wind: South at 3.5 mph
Humidity: 77%

EVENTS

The Greater Memphis Chamber will hold orientation today from 8 a.m. to 9:30 a.m. at the chamber office, 22 N. Front St. The orientation is free for members and prospective members. To register, contact Alexis Rutland at 543-3511 or arutland@memphischamber.com.

more events »

New Building Slated for Hickory Hill Dialysis and Vascular Surgery Center

6490 Mount Moriah Road Ext., Memphis, TN 38115, Permit Amount: $1.1 Million -
DH MR Partners, the owners of a building at 6490 Mount Moriah Road Ext. that houses Mid-South Nephrology Consultants, has filed a $1.1 million permit with the city-county Office of Construction Code Enforcement to build the shell for a new 20,000-square-foot dialysis center and vascular surgery center.

FedEx Readies Campaign Against UPS Over Labor Bill

NEW YORK (AP) - FedEx Corp. is set to launch a multimillion dollar marketing campaign on Tuesday against chief rival UPS Inc., arguing the world's largest shipping carrier is the driving force behind a bill that would make it easier for FedEx workers to unionize.

Lawmaker Seeks to Extend Tenn. Ethics Commission

NASHVILLE (AP) – One of the main supporters of legislation to keep the state Ethics Commission independent hopes to convince lawmakers that it should be given a chance to operate under new leadership before being merged with the Registry of Election Finance.

Tenn. Revenues Fall $112M Short in April

NASHVILLE, Tenn. (AP) - Tennessee's April general fund tax collections came in $112 million below expectations.

Bredesen Signs Wine Direct Shipment Bill into Law

NASHVILLE, Tenn. (AP) - Tennessee consumers can have wine shipped directly to their homes under a new law signed by Gov. Phil Bredesen.

Judge Won't Toss Evidence in Plot Against Obama

JACKSON, Tenn. (AP) - A federal judge has refused to throw out prosecution evidence against two white supremacists charged with plotting to kill President Barack Obama and dozens of other black people.

SunTrust Raises Most of $2.16B Capital Shortfall

ATLANTA (AP)SunTrust Banks Inc. reported Monday that it has raised nearly all of the $2.16 billion in capital required under the government’s stress tests.

Goodyear, Steelworkers Begin Contract Talks

AKRON, Ohio (AP) - Goodyear Tire & Rubber Co. and the United Steelworkers of America were headed into national contract talks with the recession as a backdrop and job security a key priority.

American Flight Will Test Fuel-Saving Tricks

DALLAS (AP) – American Airlines will test fuel-saving technology and tactics on a Paris-to-Miami flight this week that the carrier and federal officials hope will help make the case for a new navigation system.

Ex-Tyco Execs Lose Appeal at Supreme Court

WASHINGTON (AP) - The Supreme Court is refusing to hear an appeal from two former top executives of Tyco International that challenges their convictions for fraud and larceny involving more than $100 million in bonuses.

Q1 Credit Card Delinquency Rate Jumps 11 Percent

NEW YORK (AP) - Credit card holders who in ordinary years might have used their tax refunds to pay down their balances apparently spent the money elsewhere as the recession deepened in the first quarter.

World Airlines Seen Losing $9 Billion This Year

KUALA LUMPUR, Malaysia (AP) - The world's airlines will collectively lose $9 billion this year – nearly double the previous projections – and face a slow recovery as the economic crisis saps air travel and cargo demand, an industry body warned Monday.

Chrysler Dealers Scramble to Unload Vehicles

Peter J. Walsh, the owner of Walsh Dodge in Jersey City, N.J., started out selling used cars in his hometown 28 years ago after the birth of his daughter. He slowly built his business, and felt as if he'd finally made it when he earned his Chrysler shingle in 2000.

AP Analysis: Recession's Grip Eases in April

The economy's tailspin gave way to a more controlled descent in the spring, according to The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties. Still, troubles persist in California related to the housing bust and in the Midwest, pounded by manufacturing layoffs.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 312 16,192
MORTGAGES 86 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 332 655 33,126
BANKRUPTCIES 50 237 10,737
BUSINESS LICENSES 26 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 19 94 3,867

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