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VOL. 125 | NO. 139 | Tuesday, July 20, 2010

Mall Boosts Hickory Hill Business Activity

Jara Robinson picked up a shoe that looked more like artwork than footwear at The Stiletto Bar.

Close to Home

House subcommittee tackles foreclosure crisis in Memphis

U.S. Rep. Steve Cohen, D-Memphis, met last week with representatives of Wells Fargo, the nationwide lender Memphis and Shelby County governments are suing over its local lending practices.

Events Company Sparks New Activity Atop Clark Tower

After four years of refining and expanding his catering business, Wade Hartsfield has taken on a soaring new challenge.

Downtown Retail, Biz Base Growing

Downtown’s development pipeline continues to hum with new business activity, judging by the various development incentives totaling $153,121 the Center City Development Corp. will take action on at Wednesday’s meeting.

Council to Delve Into Contract Fine Print

Memphis City Council members will be dealing with lots of contract fine print Tuesday during their executive session.

Local Weather
Currently
Memphis, TN
39.0°F
Fair
Wind: North at 10.4 mph
Humidity: 62%

EVENTS

The Small Business Chamber will hold a luncheon featuring Shelby County Commissioner Steve Mulroy Tuesday from 11:30 a.m. to 1 p.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. For more information, visit www.smallbusinesschamber.com.

more events »

Cohen, Herenton Supporters Kick Off Early Voting

There was a lot of noise, sign waving and a few big buses with the opening of early voting.

Hatch Act Behind Oldham’s Sheriff Dept. Resignation

It’s a first in a race for Shelby County sheriff.

Developer Hopes Condos Go Like Hotcakes at Auction

A condo development in a historic Midtown neighborhood where pies used to be made is now focusing on making lemonade out of lemons.

After Trading Hands, Marina Cove Now Ready for Redevelopment

5505 Winchester Road, Memphis, TN 38115, Sale Amount: $1.6 Million -
Weeks after the city of Memphis came to an agreement with Water Gardens LLC to buy the blighted Marina Cove apartment complex at 5505 Winchester Road in Hickory Hill, the property has been bought for $1.6 million.

Economic Class Perceptions

Perception is Reality: We seem to be developing clearer divisions between constituents in the marketplace right now. As the year began, prognosticators searched for alphabetic mnemonics to articulate our path of recovery (L, V, W, etc). While we all fell together in 2008, we may not all rise together in recovery. In an effort to broadly stereotype, I have chosen this week to examine the condition of the following classes: Corporations, Economists and Households.

Memphis City Council Agenda

Click on the icon for a full agenda for the Memphis City Council's meeting today.

MEMPHIS AREA

2 Indicted in Memphis for Voting (Too) Often

MEMPHIS (AP) — Two people in Memphis officials believe cast multiple votes in 2006 have been indicted on voter fraud charges.

STATEWIDE

State Bandages Tenn. BEST Tuition Program Again

NASHVILLE, Tenn. (AP) — State officials have put another $15 million into the Baccalaureate Education System Trust.

REGIONAL

Mississippi Casino Winnings Down From May to June

JACKSON, Miss. (AP) — Mississippi's 30 state-licensed casinos saw a $14 million drop in winnings from gamblers between May and June, according to figures released Monday by the Department of Revenue.

Delk Named to MBI Post

JACKSON, Miss. (AP) — Raymond Delk has been named director of the Mississippi Bureau of Investigation.

NATIONAL BUSINESS

Delta Posts $467M Profit In 2nd Quarter

Delta Air Lines Inc. reported its largest quarterly profit in a decade Monday but investors dumped its shares as sales didn’t meet expectations and the carrier gave a cautious outlook amid economic uncertainty.

Homebuilders Losing Confidence in the Recovery

WASHINGTON (AP) — Homebuilders are feeling increasingly pessimistic about their industry, more evidence that the economic recovery is slowing.

Stores Push Summertime 'Christmas' Sales

NEW YORK (AP) — Santa in the summer?

Economists Say Recovery Continues, But Pace Slows

NEW YORK (AP) — Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs, but the pace of growth has slowed, a new survey shows.

Obama to GOP: Restore Unemployment Benefits Now

WASHINGTON (AP) — President Barack Obama took aim at Republican lawmakers Monday, accusing them of holding the public hostage to Washington politics by blocking extended unemployment benefits for millions of out of work Americans.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 35 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

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