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VOL. 123 | NO. 138 | Wednesday, July 16, 2008

Building Permits Down 72 Percent in Q2

If the county’s new subdivisions sound quieter than usual – free from the cacophony of summer construction – look no further than the most recent data showing how housing starts have come to a screeching halt.

Medtronic’s Hawkins Takes on Larger Role

The head of one of Memphis’ leading biotech companies will expand his role in August, following in the footsteps of a predecessor with dual roles.

MCS Funding Impasse Could Rewind County Deseg. Case

County school officials probably will be watching with great interest Thursday’s expected ruling by Shelby County Chancery Court Judge Kenny Armstrong in the Memphis City Schools funding case.

City Claims MCS Owes $152-Million In Counter Claim

The city of Memphis has filed a legal counter claim against the Memphis school system claiming the school system owes it millions.

First Horizon Swings To $19.1M Loss, CEO Plans to Retire

MEMPHIS (AP) – Regional bank First Horizon National Corp. swung to a loss during the second quarter because of a sharp increase for loan-loss provisions, according to a Tuesday announcement.

Local Weather
Currently
Memphis, TN
84.0°F
A Few Clouds
Wind: Calm mph
Humidity: 55%

EVENTS

The Memphis Area Association of Realtors Commercial Council will host a forum today from 8:30 a.m. to 10 a.m. at the MAAR office, 6393 Poplar Ave. The forum will discuss Leadership in Energy and Environmental Design (LEED) certification for commercial buildings and what it means for commercial brokers. Cost is $15 for nonmembers and free for members. For more information, call 818-2428.

more events »

Wholesale Prices Soar in June; Sales are Sluggish

WASHINGTON (AP) – The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel.

Addington Joins Memphis Heart Clinic

Dr. M. Brent Addington has joined Memphis Heart Clinic. Addington is board certified in internal medicine, cardiovascular disease and interventional cardiology. A native of Memphis, he has been in private practice for more than 20 years in the Memphis community.

Volkswagen Selects Tennessee for US Auto Plant

CHATTANOOGA (AP) - Volkswagen picked Chattanooga over rival sites in two other states for a new U.S. assembly plant expected to create about 2,000 jobs.

Calif. Police Called to Tame Angry IndyMac Customers

LOS ANGELES (AP) - Police have been called in to tame an angry throng of IndyMac Bank customers trying to pull money out of the Encino branch on Day 2 of a federal bank takeover.

Delta Names Leadership Team for Northwest Combo

ATLANTA (AP) - Delta Air Lines Inc. announced Tuesday its plans for the composition of its senior leadership team after it acquires Northwest Airlines Corp. later this year.

Bush Calls on Congress to Pass Housing, Energy

WASHINGTON (AP) - President Bush said Tuesday the nation's troubled financial system is "basically sound" and urged lawmakers to quickly enact legislation to prop up mortgage giants Fannie Mae and Freddie Mac.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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