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VOL. 125 | NO. 135 | Wednesday, July 14, 2010

Sheriff's Candidate Oldham Resigns From Dept. Post

Chief Deputy Sheriff Bill Oldham has resigned from the department’s number two position following a complaint alleging his candidacy violates the Hatch Act.

Jim's Place East to Relocate to Poplar/Perkins

Jim’s Place East – a Memphis tradition since its founding nearly 90 years ago – is opening a location at Poplar Avenue and Perkins Road, having signed a 10-year lease for the 5,900-square-foot space that recently housed Harold’s women’s boutique.

Bass Pro Pyramid Creates Downtown ‘Gateway’

Memphis Mayor A C Wharton Jr. has referred to The Pyramid plans as “The Gateway,” the new city name for a project that ties together other recent residential and commercial breakthroughs that stretch from the riverfront to the medical center.

Downtown's Mega Deal

The lease was signed at City Hall two weeks ago but the negotiations are not done between the city of Memphis and Bass Pro Shops.

Bredesen Commutes Bartlett Woman's Death Sentence

Tennessee Gov. Phil Bredesen has commuted the death sentence of Gaile Owens in a Bartlett murder-for-hire case.

Local Weather
Currently
Memphis, TN
39.0°F
A Few Clouds
Wind: Northeast at 4.6 mph
Humidity: 67%

EVENTS

Talk Shoppe will present “How to be Red Hot in a Cool Market” Wednesday from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. For more information, call 482-0354.

more events »

Herenton Says Obama Endorsement Shows Cohen Campaign 'Desperate'

Memphis Mayor Willie Herenton says a presidential endorsement of Democratic Congressman Steve Cohen shows how desperate the Cohen campaign is.

Permit Numbers Good News for Homebuilders

The success of the Vesta Designer Home Showcase, which ended earlier this month, can be measured in the number of tickets sold – 13,600.

New Policy Set for Police Handling of Juveniles

Memphis Police got new written orders last week that gives them broader discretion in dealing with juveniles.

Miller Amasses More Foreclosures

More foreclosures have piled up against developer and homebuilder David Miller, who filed for Chapter 7 bankruptcy in May.

U.S. Judiciary Cmte. to Hold Field Briefing in Memphis

A U.S. House Judiciary Committee subcommittee is holding a field briefing in Memphis Monday on “Home Foreclosures in Memphis” at the University of Memphis Cecil C. Humphreys School of Law Downtown.

NFL Great’s Widow, Southaven Clinic Bring Sleep Apnea Awareness

Sara White, the widow of NFL Hall of Famer Reggie White, has raised her stake in a Mid-South sleep company and put her husband’s name on the enterprise.

Parker Joins Management of Semmes-Murphey

Dr. Autry Parker has joined the pain management team at Semmes-Murphey Neurologic & Spine Institute. Parker is a board certified, fellowship trained anesthesiologist, specializing in the treatment of severe and chronic pain.

Viral Marketing – You Want To Catch It

If you’ve at least dipped a toe into the social marketing pool, you know that it takes time and commitment to grow your fan or follower base. Imagine a faster path to creating buzz for your product or service through pre-existing social networks versus being reliant upon just your own.

MEMPHIS AREA

International Paper Declares 12.5-Cent Dividend

MEMPHIS (AP) — International Paper Co. on Tuesday declared a third-quarter dividend of 12.5 cents per share.

STATEWIDE

Outside Group Airs Anti-Haslam TV Ad in Tennessee

NASHVILLE, Tenn. (AP) — A national group called the American Future Fund is spending up to $250,000 on television ads hammering Republican gubernatorial candidate Bill Haslam for price gouging cases brought against a family-owned Pilot chain of truck stops.

Haslam Gives $400K to his Tenn. Gubernatorial Bid

NASHVILLE, Tenn. (AP) — Bill Haslam may be lapping the Republican gubernatorial field in fundraising, but that's not stopping him from pouring in some of his own personal wealth.

NATIONAL BUSINESS

Federal Budget Gap Tops $1 Trillion Through June

WASHINGTON (AP) — The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession on the government's finances.

Fed Survey: Investors Have Bigger Debt Appetite

WASHINGTON (AP) — Investors are showing a bigger appetite to fund a range of securities, an encouraging sign that credit conditions are improving.

Market Slump Expected to Dent Profits at Big Banks

NEW YORK (AP) — The bank industry's earnings winning streak may be over.

Trade Gap Widens as Imports and Exports Rise

WASHINGTON (AP) — The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was a hopeful sign for the economic recovery because it suggested businesses are optimistic that U.S. consumers will spend more in coming months.

NYC Court Tosses FCC's Fleeting Expletives Policy

NEW YORK (AP) — A federal appeals court on Tuesday tossed out a government policy that can lead to broadcasters being fined for allowing even a single curse word on live television, concluding that the rule was unconstitutionally vague and had a chilling effect on broadcasters.

NATIONAL POLITICS

Major Banking Bill Faces Final Vote This Week

WASHINGTON (AP) — President Barack Obama on Tuesday secured the 60 votes he needs in the Senate to pass a sweeping overhaul of financial regulations, all but ensuring that he soon will sign into law one of the top initiatives of his presidency.

Obama Nominates Jacob Lew as Budget Director

WASHINGTON (AP) — President Barack Obama nominated Deputy Secretary of State Jacob Lew to serve as director of the Office of Management and Budget Tuesday, charging him with putting the nation on a fiscally responsible path.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 307 21,073
MORTGAGES 82 330 24,691
FORECLOSURE NOTICES 0 27 8,637
BUILDING PERMITS 0 837 43,174
BANKRUPTCIES 60 237 14,139
BUSINESS LICENSES 17 75 6,476
UTILITY CONNECTIONS 0 114 13,625
MARRIAGE LICENSES 10 77 5,146

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The Memphis News: Business, politics, and the public interest.