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VOL. 124 | NO. 138 | Thursday, July 16, 2009

Norfolk Southern Selects Fayette County Site

Wick Moorman, CEO of Norfolk Southern Corp., made it official Thursday: The company is bringing a $129 million intermodal facility to 570 acres in southwest Fayette County.

Q2 Foreclosures Down in Home Sector, But Up Overall

The foreclosure of major properties that dot the Memphis skyline in the second quarter capped a mixed three-month period for local real estate, when the economic slump dragged many properties to the edge.

Rail Yard Site All But Nailed

The land where Norfolk Southern Corp. wants to build an intermodal yard was annexed Monday night by the town of Rossville, paving the way for the railroad’s proposed multimillion-dollar, multi-acre facility.

Morgan Keegan Target For Possible SEC Suit

The U.S. Securities and Exchange Commission has signaled it may file civil charges for possible violation of federal securities law by Memphis-based Morgan Keegan & Co. Inc., its asset management arm and three individual employees.

High Court Ruling Could Pave New Way for MPD Suit

A group of Memphis police officers might have reason to celebrate, as they could be among the first in the country to feel the positive effects of a high court ruling in a Title VII discrimination case.

Local Weather
Currently
Memphis, TN
60.0°F
A Few Clouds
Wind: South at 12.7 mph
Humidity: 56%

EVENTS

Christian Brothers University will present the fourth session of its Family Business Enrichment Series today from 7:30 a.m. to 9:30 a.m. in the Spain Auditorium in Buckman Hall. The topic of the lecture is “Integrating Closely Held Businesses Into Personal Financial and Investment Strategies.” For reservations, call 321-3999 or e-mail rsvp@cbu.edu.

more events »

Road Construction Dents Southland Revenues

The volume of business at Southland Park Gaming & Racing from its electronic games dropped precipitously in June after several months of impressive growth – a decrease that the business’ president attributed to construction along the interstate corridor.

Plates to Raise Money For Higher Nursing Education

The state of Tennessee later this year will begin issuing specialty license plates in honor of nurses, but nurses first must choose a final design for the tags.

Smith Discusses Aspects Of Multilevel Marketing Law

D. Jack Smith of The Law Firm of D. Jack Smith recently celebrated the publication of his 100th nationally published legal article.

Family Services Agency Closing in Memphis

MEMPHIS, Tenn. (AP) - A Memphis charity that aids families is closing after more than a century.

Democrats Herron, McWherter Each Raise $650K

NASHVILLE, Tenn. (AP) - Three of the top Democratic candidates for Tennessee governor have combined to raise close to $1.6 million through the first six months of the year, but still trail the top three Republican candidates who collectively have about $6.3 million.

Delta Seeks Subsidies for Tupelo Flights

TUPELO, Miss. (AP) - Delta Air Lines Inc. is trying to get a federal subsidy for flights into Tupelo Regional Airport because of a drop in customer demand and a rise in fuel prices.

Jackson College to Pay Some Employees Late

JACKSON, Tenn. (AP) - Cash-strapped Lambuth University is paying some of its employees some of the money they've earned on Friday.

Wal-Mart to Create Eco-Ratings for Products

NEW YORK (AP) - Wal-Mart Stores Inc., the world's largest retailer, plans to demand that all its suppliers measure the environmental cost of making their products so Wal-Mart can calculate and post an eco-rating for each item.

Obama: Health Care Reform Essential to Stability

WASHINGTON (AP) - Praising and prodding Congress, President Barack Obama on Wednesday said a vast reform of the nation's health insurance system is required to head off instability to families, industry and the government itself.

American Airlines Parent AMR Posts Q2 Loss

DALLAS (AP) - American Airlines parent AMR Corp. lost more money in the second quarter as fewer people got on its planes and those who did paid lower fares than a year ago.

Aid Meetings Continue for Faltering Lender CIT

WASHINGTON (AP) - With banks repaying bailout money, credit markets beginning to flow and Goldman Sachs posting stunning profits, the financial sector would appear to be stabilizing. But CIT Group Inc., one of the nation's largest lenders to small- and mid-sized businesses, teeters on the brink of collapse.

Bill Would Spend More to Make College Affordable

WASHINGTON (AP) - President Barack Obama's plan to dramatically increase college student aid took its first step Wednesday on what could be a rocky path through Congress.

Paulson Defends His Response to Economic Crisis

WASHINGTON (AP) - Former Treasury Secretary Henry Paulson on Wednesday defended his response to the economic crisis last year as an imperfect, but necessary rescue that spared the U.S. financial market from total collapse.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 0 8,303 8,303
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 0 117 12,966
MARRIAGE LICENSES 15 65 4,842

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