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VOL. 124 | NO. 144 | Friday, July 24, 2009

Cowles Co. Promotes Green Building

Bernard Cowles of The Cowles Co. is a firm believer in the environmental mantra of “reduce, reuse and recycle,” and evidence of this can be found at his construction project at Cooper-Young Place, a 33-home site he developed and is building at South Barksdale Street and Elzey Avenue.

Update: Strickland Bows Out of Mayor's Race

The narrowing of the field begins.

Broad Avenue Works to Become Biz Hot Spot

While vacancy signs pop up like weeds in many commercial areas, they are gradually coming down in the Broad Avenue Arts District.

Setting of Mayoral Election Date Highlights Busy Week

Shelby County Election Commission Chairman Bill Giannini knew something was happening Wednesday when his cell phone began coming to life. It was just as the commission was about to hold a special meeting to determine when to hold a special election for Memphis mayor.

Shelby County Pension Fund Firms In SEC Crosshairs

Shelby County’s pension fund does business with two Memphis companies that over the past few weeks have come under fire from the U.S. Securities and Exchange Commission.

Local Weather
Currently
Memphis, TN
72.0°F
Mostly Cloudy
Wind: from the South at 17.3 gusting to 27.6 mph
Humidity: 57%

EVENTS

The Memphis Regional Design Center in conjunction with Memphis Heritage and the American Institute of Architects Memphis will hold a public meeting today at 10 a.m. at Memphis Heritage, 2282 Madison Ave. Attendees will have an opportunity to offer input about the future of Overton Square. A tour of Overton Square will begin at 9 a.m. For reservations, e-mail Charles Pickard at cpickard@mrdcinfo.org.

more events »

Timing Perfect For Holder’s Visit

U.S. Attorney General Eric Holder’s stop in Memphis this week came at a critical time for U.S. Department of Justice operations in West Tennessee.

Executive Recruiter Copes With Economic Challenges

Matching employers with management personnel is challenging during any recession, but the current economic downturn poses unique obstacles, said Whitney Hodges, the owner of RSG Recruiting Service Group Inc.

Shelby County Unemployment Rises by 1 Percent

County non-seasonally adjusted unemployment rates for June 2009, released today, show that the rate increased in 84 counties, decreased in eight counties and remained the same in three counties.

Audit Says Tenn. Energy Department Could Save Energy

KNOXVILLE, Tenn. (AP) - Auditors say energy savings should start at home for the Tennessee Department of Energy.

Tenn. DOE Begins $35M Expansion of Nuclear Landfill

OAK RIDGE, Tenn. (AP) - Officials say a $35 million expansion of the Department of Energy's nuclear landfill in Oak Ridge is under way, thanks to federal economic stimulus funding.

UPS Q2 Profit Plunges 49 Percent As Sales Slide

ATLANTA (AP) – Consumers are sending fewer, lighter packages, businesses are urgently trying to spend less on shipping orders, and it all spells bad news for UPS Inc.

Reid: No Health Care Vote in Senate Until Fall

WASHINGTON (AP) - Senate Democratic leaders on Thursday abandoned plans for a vote on health care before Congress' August recess, dealing a blow to President Barack Obama's ambitious timetable to revamp the nation's $2.4 trillion system of medical care.

Ahead of the Bell: Burlington Northern Santa Fe

NEW YORK (AP) - Analysts expect the second-quarter profit of railroad operator Burlington Northern Santa Fe Corp. to fall from a year ago. They're just not sure how much.

Starwood Q2 Profit Rises on Cuts, Tax Benefit

CHICAGO (AP) - Starwood Hotels & Resorts Worldwide Inc. said Thursday that a foreign tax incentive and cost cuts helped boost its second-quarter profit 28 percent.

Debt Reduction Pushes Ford to $2.3B Q2 Profit

DEARBORN, Mich. (AP) - Helped by a lightened debt load, Ford Motor Co. posted a surprise second-quarter profit of $2.3 billion Thursday, following the worst loss in company history a year earlier. Shares rose 9 percent in afternoon trading.

Cost Cuts Return New York Times Co. to Profit

NEW YORK (AP) - The New York Times Co. said Thursday its second-quarter profit climbed nearly 85 percent, as it cut costs aggressively to deal with punishing declines in newspaper and online advertising.

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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 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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