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VOL. 125 | NO. 137 | Friday, July 16, 2010

First Horizon Reports $2.7M Profit

The parent company of First Tennessee Bank made a surprise return to profitability in the second quarter, beating even the most optimistic analyst forecast and breaking an eight-quarter string of earnings losses.

Early Voting Begins as Candidates Jockey for Votes

Voters begin making decisions Friday as early voting begins in advance of the Aug. 5 election.

Bankruptcy Remains On Front Burner

When two of West Tennessee’s five bankruptcy judges arrive at the University of Memphis’ Downtown law school Monday to address representatives of a U.S. House Judiciary subcommittee, they’ll have plenty to talk about.

Mississippi Makes Bid For Pinnacle HQ

Add Olive Branch, Mississippi, to the list of locations, along with Downtown and the area around Memphis International Airport, that Pinnacle Airlines is considering for a larger corporate headquarters.

Consolidation Charter's First Draft Starts To Take Shape

The Metro Charter Commission has given tentative approval to four sections of the proposed consolidation charter the group is drafting.

CDC Chief Pushes Prevention on Memphis Visit

Dr. Thomas Frieden, director of the Centers for Disease Control and Prevention, saw the frontlines of the city’s health battles while in Memphis.

Oldham Resignation Leaves Behind Questions for Future Elections

The U.S. Justice Department’s interest in the race for Shelby County sheriff has added an election eve surprise to the contest that could have longer lasting implications.

FDA to Make Restaurants Reveal Nutritional Values

The U.S. Food and Drug Administration will issue guidance “very soon” about new federal requirements for restaurants to reveal nutritional values, said Michael R. Taylor, the FDA’s deputy commissioner for foods.

Brey: Sell Experiences to Create Loyalty

Attendees at Wednesday’s “Ways to Win in 2010” workshop spent a half day learning how to build a loyal customer base, use social media effectively and utilize proven sales strategies.

Jurex’s Rudolph Unites Nursing and Legal Professions

Elizabeth Rudolph used her training as a nurse and an attorney to found Jurex, a Memphis-based company that trains nurses to be expert witnesses, review medical records in legal cases and become legal nurse consultants.

Down With Crime

Not reporting progress is a crime.

Wharton: 55 Miles of Bike Lanes Coming

Memphis Mayor A C Wharton Jr. has directed city engineering staff to adjust their operating budget plans to facilitate the phased creation of about 55 miles of new bicycle lanes and facilities throughout the city.

MEMPHIS AREA

Mass. Reaches $3M Settlement With FedEx Ground

BOSTON (AP) — The Massachusetts attorney general says FedEx Ground has agreed to pay the state $3 million in a dispute over alleged misclassification of drivers as independent contractors.

STATEWIDE

Unemployment Rate Declines to 10.1 Percent in Tennessee

NASHVILLE, Tenn. (AP) — Tennessee's unemployment rate for June was 10.1 percent, down 0.3 percentage point from the previous month.

Romney PAC Endorses Haslam Bid for Tenn. Governor

NASHVILLE, Tenn. (AP) — Gubernatorial candidate Bill Haslam has been endorsed by a political action committee run by prospective 2012 Republican presidential contender Mitt Romney.

REGIONAL

Boozman Nears $484K on Hand for Ark. Senate Bid

LITTLE ROCK, Ark. (AP) — Republican Congressman John Boozman has nearly $484,000 in the bank for his bid to unseat Arkansas Sen. Blanche Lincoln, dwarfed by the nearly $1.9 million the Democratic incumbent has on hand to try to save her job, campaign finance reports released Thursday showed.

Bryant Taps Panel to Study Successful Pre-K Model

JACKSON, Miss. (AP) — Republican Lt. Gov. Phil Bryant says he's appointing a panel of business and education experts to study a privately funded early childhood development program with hopes of establishing a statewide model.

Foreclosure Notices Down in Mississippi

JACKSON, Miss. (AP) — The number of Mississippi homeowners receiving foreclosure notices is on a downswing, making the state's rate one of the lowest in the nation.

NATIONAL BUSINESS

BP: No Oil Leaking Into Gulf From Busted Well

NEW ORLEANS (AP) — A tightly fitted cap was successfully keeping oil from gushing into the Gulf of Mexico for the first time in three months, BP said Thursday. The victory — long awaited by weary residents along the coast — is the most significant milestone yet in BP's effort to control one of the worst environmental disasters in U.S. history.

Foreclosure Losses on Track for 1M

LOS ANGELES (AP) – More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a backlog of borrowers who have fallen behind.

Manufacturing Cools in June as Recovery Slows

WASHINGTON (AP) – New evidence of a slowing economic rebound emerged Thursday in reports that manufacturing activity is slowing after helping drive the early stages of the recovery.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 331 19,904
MORTGAGES 0 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 1 232 13,336
BUSINESS LICENSES 0 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 0 94 4,936

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