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VOL. 124 | NO. 140 | Monday, July 20, 2009

Court Filings Up Overall in Q2

Shelby County Circuit Court saw 1,720 cases filed in the second quarter, with more than 20 percent of them divorces with and without children. Auto accident and breach of contracts cases were the second- and third-highest categories, respectively.

Norfolk Southern Caps Rail Yard Plans With Few Objections

Wick Moorman admitted that if he had traveled to Fayette County earlier this year, he might as well have shown up wearing a Darth Vader costume. That’s because Moorman, the CEO of Norfolk Southern Corp., realized he and his company were viewed back then as evil overlords.

Here Comes the Sun: Memphis’ cut of the state’s solar energy plan

The Sharp Manufacturing plant in Hickory Hill has always been a symbol as much as a working part of the city’s economic infrastructure.

Solar Economy Calls For Personal Investments Too

With $62 million in federal funding, Tennessee is about to make a serious down payment on a solar energy industry, from research and development to manufacturing and assembly.

RMK Funds Risky, Attorney Says

Dale Ledbetter graduated from Messick High School and Rhodes College, and from his childhood has been a friend of prominent Memphian and sports commentator Tim McCarver.

Local Weather
Currently
Memphis, TN
48.0°F
Overcast
Wind: West at 8.1 mph
Humidity: 86%

EVENTS

The Memphis Bar Association will hold a continuing legal education seminar Tuesday from noon to 1 p.m. at the MBA office, 80 Monroe Ave., Suite 220. Arthur Chapman of Cornerstone Settlements will speak about comprehensive settlement planning. To register, visit www.memphisbar.org/cle.

more events »

Democrats Squabble Over Mayoral Choices, Backing

Shelby County Democratic Party leaders are considering weighing in on the coming special election for Memphis mayor.

Commercial Appeal’s Possible Printing Shift Could Mean ‘Significant’ Job Cuts

The Commercial Appeal is considering shutting down its Memphis presses and outsourcing the printing of the daily newspaper to Tupelo, Miss.

Luxe Green Helps People Make Eco-Friendly Choices

Dominique Pryor-Anderson helps people put together party favors, stock their kitchen pantries and plan their vacations with an all-natural flair and a low-carbon footprint.

Pickler Sounds Off on Single-Source Funding for Schools

The Shelby County Commission has backed the idea of making county government the sole funding source for the Memphis and Shelby County public school systems.

Poet Combines Hip-Hop Style With Christian Message

Most area music stores have sections for hip-hop and contemporary Christian music, but there haven’t been any albums that could be found in both sections until now. Memphis hip-hop artist Mr. Del released his third solo album June 29 to the delight and perhaps curiosity of local fans.

Medtronic Raises CEO Pay 26 Percent to $8.9M

WASHINGTON (AP) - Medtronic Inc., the world's largest medical device maker, paid Chief Executive Bill Hawkins $8.9 million in total compensation for fiscal 2009, a 26 percent increase, according to an analysis by the Associated Press.

Tenn. Senator Urges More Nuclear for TVA

KNOXVILLE, Tenn. (AP) - Tennessee Sen. Lamar Alexander says there should be more nuclear power in the Tennessee Valley Authority's future and more energy conservation by its consumers.

Bank of America Earns $2.4B, Ahead of Estimates

CHARLOTTE, N.C. (AP) - Bank of America joined other major banks in reporting better-than-expected second quarter income Friday, earning $2.42 billion even as losses from failed loans continued to rise.

June Housing Construction Rises More Than Expected

WASHINGTON (AP) - Construction of new U.S. homes rose in June to the highest level in seven months as builders rushed to pour foundations for homes that must be completed by the end of November for first-time buyers to take advantage of a special tax break.

Sotomayor Wins GOP Backers After Smooth Hearings

WASHINGTON (AP) -U.S. Supreme Court nominee Sonia Sotomayor won her first public pledges of support from Senate Republicans and one prominent GOP opponent, after a smooth performance at her confirmation hearings that has placed her firmly on track to become the high court's first Latina and the first Democratic-named justice in 15 years.

CIT Shares Jump as Lender Seeks Rescue Financing

NEW YORK (AP) - CIT Group Inc.'s shares doubled Friday as the commercial lender held talks with several large banks about securing emergency financing in hopes of avoiding a bankruptcy filing.

Madoff Auditor Pleads Not Guilty, But Talking Deal

NEW YORK (AP) - A federal judge has granted prosecutors more time to negotiate a possible plea bargain with Bernard Madoff's longtime auditor.

Citigroup Profit Soars on Smith Barney Sale

NEW YORK (AP) - Citigroup Inc. surprised Wall Street Friday, reporting a $3 billion second-quarter profit instead of the big loss analysts expected.

No-Bid Contracts in US Mean Higher Costs

WASHINGTON (AP) - The U.S. Defense Department frequently awards no-bid work to small contractors for repairs at military bases under a new economic stimulus law, costing American taxpayers millions of dollars more than when businesses compete for the work, according to an Associated Press analysis of 570 such contracts.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 69 21,228
MORTGAGES 57 57 24,842
FORECLOSURE NOTICES 0 0 8,703
BUILDING PERMITS 128 128 43,475
BANKRUPTCIES 50 50 14,244
BUSINESS LICENSES 12 12 6,503
UTILITY CONNECTIONS 60 60 13,737
MARRIAGE LICENSES 19 19 5,177

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