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VOL. 124 | NO. 137 | Wednesday, July 15, 2009

Q2 Building Permits Continue Downward Trend

The homebuilding industry in the mid-2000s distinguished itself through a record-setting pace – each year it seemingly topped the previous one in terms of housing starts.

Police Push For Motel Demolition

The owner of a vacant airport area motel described as resembling war-torn Baghdad is due in Memphis Environmental Court this morning.

Questions Surround Lee’s Reimbursement

Several court actions continue to surround the city of Memphis’ decision to pay more than $426,000 in attorney’s fees incurred by the former president and CEO of the city-owned utility company.

State Venture Fund Established For High-Growth Startups

Gov. Phil Bredesen last week signed into law legislation that will provide venture money for new companies with high growth potential, such as those involved in biotechnology and other innovations.

Fogerty Joins Jackson Lewis In Of Counsel Role

Whitney King Fogerty has joined Jackson Lewis LLP as of counsel.

Local Weather
Memphis, TN
Wind: Southwest at 4.6 mph
Humidity: 94%


The Greater Memphis Paralegal Alliance will hold a continuing legal education seminar today from 11:30 a.m. to 1 p.m. at the University Club of Memphis, 1346 Central Ave. The seminar, “Bankruptcy-Chapters 7, 11 & 13,” will be presented by Tommy L. Fullen. Cost is $17 for members and $25 for nonmembers. To register, e-mail gmpa.membership@gmail.com or visit www.memphisparalegals.org.

more events »

Black Students in South Performing Better on Tests

ATLANTA (AP) - The South is narrowing the gap between how black and white students perform on tests – particularly in math – but the region is still lagging behind the nation in scores, a new federal study released Tuesday shows.

Wholesale Prices, Retail Sales Rise in June

WASHINGTON (AP) - Higher energy prices rippled through the economy in June, helping to drive a bigger-than-expected gain in retail sales.

Business Inventories Dip More Than Expected in May

WASHINGTON (AP) - Businesses slashed inventories more than expected in May, the ninth consecutive decline, as companies continued to trim stockpiles amid a severe recession.

Obama Wants Senate Health Bill Quickly

WASHINGTON (AP) – House Democrats are moving ahead with sweeping health care legislation as President Barack Obama prods a Senate committee chairman to take faster action on a companion measure.

SEC Head Outlines Enforcement, Other Changes

WASHINGTON (AP) - House lawmakers voiced approval Tuesday for recent changes at the Securities and Exchange Commission in the wake of the Madoff scandal, though some Republicans chafed at new proposed regulations.

Madoff Arrives at Prison to Serve Sentence

WASHINGTON (AP) - Disgraced financier Bernard Madoff arrived Tuesday at a federal prison in North Carolina to begin serving a 150-year sentence for what is believed to be the largest Ponzi scheme in history.

Obama Says Unemployment Will Keep Ticking Up

WASHINGTON (AP) - As he conceded that unemployment will keep growing, President Barack Obama on Tuesday said new jobs will require greater training and post-high school education to achieve a better skilled work force.

CIT Shares Rally as Firm Seeks Federal Aid

NEW YORK (AP) - Shares of CIT Group Inc. rebounded Tuesday amid optimism that the top lender to small and mid-sized U.S. businesses may get a lifeline from the federal government.

Geithner Says Force of Global Recession Receding

RIYADH, Saudi Arabia (AP) - U.S. Treasury Secretary Timothy Geithner said Tuesday his country had a "special responsibility" to help guide the world through its worst recession in decades, and stressed that while a recovery was ongoing, setbacks were likely.

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Blog News, Training & Events
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700

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