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VOL. 126 | NO. 141 | Thursday, July 21, 2011

MAAR Trying to Fix Faulty Sales Data

The Memphis Area Association of Realtors said a software glitch caused flawed housing reports to be released over the last six months but is working to correct it.

Art Tag Team

Dixon, Brooks collaborate with pair of impressionist exhibits

Two Memphis art museums hoping to attract new audiences decided that joining forces makes a great first impression.

Last-Minute Filers Make Election Deadline

A flurry of last-minute filings came at the noon Thursday, July 21, deadline for candidates in the Oct. 6 Memphis elections to turn in their qualifying petitions.

Governor Mulls Possible Credit Rating Drop

NASHVILLE (AP) – Gov. Bill Haslam says state officials are discussing the impact of a lowered credit rating if the U.S. government's credit rating is downgraded.

Thomas & Betts’ Q2 Earnings Jump 19 Pct.

Memphis-based Thomas & Betts Corp. reported Thursday, July 21, a 19 percent increase in its second-quarter net earnings and a 13 percent increase in consolidated sales over the same period last year.

Local Weather
Currently
Memphis, TN
80.0°F
Overcast
Wind: Southwest at 10.4 mph
Humidity: 79%

EVENTS

Baker, Donelson, Bearman, Caldwell & Berkowitz PC will present “Dealing With Guns in the Workplace” Thursday, July 21, from 8:30 a.m. to 9:30 a.m. at the firm’s office, 165 Madison Ave., 20th floor. Jonathan Hancock will speak. To register, email rsvp@bakerdonelson.com.

more events »

MCS-City Council Talk Money At 4 PM

As Memphis City Council members and Memphis City Schools board members prepare to talk for the first time since the school board voted to possibly delay the Aug. 8 start of the school year, Memphis Mayor A C Wharton Jr. has offered to put $10 million in city funding on the table.

IDB Approves McKesson Corp. PILOT At Last Working Session

At the last working meeting of the Memphis-Shelby County Industrial Development Board, the board approved a retention PILOT (payment in lieu of taxes) tax break for McKesson Corp. for the construction of two new facilities in Shelby County.

Philanthropist to Match GiVE 365 Memberships

In only its second year of existence, the GiVE 365 initiative of the Community Foundation of Greater Memphis has received a challenge gift from Sylvia Goldsmith Marks.

Redistricting Comes Just in Time for Filing Deadline

Contenders for the 13 seats on the Memphis City Council got some certainty this week with council approval of the new set of district lines for the body.

Perl Represents State Chamber At National Labor Talks

The National Labor Relations Board this week conducted a hearing in Washington at which dozens of speakers were scheduled to testify over a hotly contested matter: moves sought by labor that could lead to speedier elections for unionization at companies.

Internships Bring Value to ServiceMaster

The junior communication analyst who called was polite and persistent. There was a decent interval between her initial story pitch to a reporter and her follow-up.

Community Service Paramount for Collins

Elizabeth Collins is a partner at Thomason, Hendrix, Harvey, Johnson and Mitchell PLLC, and her interest in community involvement combined with professional knowledge of the law has kept her with the firm for more than 20 years.

LOCAL COLUMNISTS

There’s Greenbacks In Going Green

Ray’s Take: Going green is a noble goal, but what really interests me is turning green behavior into more green in your wallet. It’s doubly satisfying when you shrink your carbon footprint and increase your spending (or saving) power at the same time.

Pachyderm Bonding Slow in Little Rock

After a month of sharing space, Ellen’s not buying into this threesome thing at the Little Rock Zoo. This according to a June 30 article by L. Lamor Williams in the Arkansas Democrat-Gazette.

STATEWIDE

Tenn. Agrees to Make Legislature More Accessible

NASHVILLE, Tenn. (AP) — The state of Tennessee has agreed to make changes to the Legislative Plaza and the War Memorial Building to improve accessibility for people with disabilities after complaints were filed with the Department of Justice.

Governor Awaits Outcome of Nurse Licenses' Probe

FRANKLIN, Tenn. (AP) — Gov. Bill Haslam said Wednesday that he's awaiting the outcome of an investigation into whether lawmakers improperly intervened with a state board to help three nurse practitioners whose licenses were suspended, but acknowledged he doesn't like it "when people use their leverage to accomplish a personal agenda."

REGIONAL

Miss. Casino Revenue Makes Post-Flood Comeback

Mississippi's state-licensed casinos made a strong comeback from flood closures that hit the Mississippi River gambling halls in May, winning $185.6 million from players in June.

Hewes Proposes Drug Testing for Mississippi Welfare Recipients

JACKSON, Miss. (AP) — People receiving welfare or unemployment benefits in Mississippi should be subject to random drug testing, said Billy Hewes, a Republican state senator who's running for lieutenant governor.

NATIONAL BUSINESS

Stocks Mixed After Biggest Day in a Year

NEW YORK (AP) — One day after the Dow Jones industrial average had its best day this year, the stock market is drifting between slight gains and losses Wednesday. Analysts say concerns about lifting the U.S. debt limit are trumping strong earnings from Apple and a slew of new deals.

Bipartisan Tax Plan Trims Mortgage Deduction

WASHINGTON (AP) — A new bipartisan plan to reduce government borrowing would target some of the most cherished tax breaks enjoyed by millions of families — those promoting health insurance, home ownership, charitable giving and retirement savings — in exchange for lowering overall tax rates for everyone.

REAL ESTATE

Home Sales on Pace for Worst Showing in 14 Years

WASHINGTON (AP) — People are buying homes at the weakest pace in 14 years.

HEALTH CARE

Retailers to Bring Fresh Produce to 1,500 Places

WASHINGTON (AP) — Michelle Obama's campaign against childhood obesity moved a step forward Wednesday with the announcement that Wal-Mart and other retailers plan over the next five years to open or expand 1,500 stores in areas without easy access to fresh fruit, vegetables and other healthy foods.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 68 321 13,763
MORTGAGES 79 340 15,906
FORECLOSURE NOTICES 0 24 2,163
BUILDING PERMITS 258 758 28,515
BANKRUPTCIES 45 223 8,873
BUSINESS LICENSES 28 113 4,678
UTILITY CONNECTIONS 0 93 5,486
MARRIAGE LICENSES 16 73 2,967

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