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VOL. 123 | NO. 145 | Friday, July 25, 2008

Myriad Back in the Game With New Land Deal

The plan has changed again for a multi-billion-dollar entertainment and casino-based resort that’s coming to Tunica County.

Billboard Tycoon Thomas Embroiled in Another Lawsuit

A billboard businessman who’s been something of a fixture in local courtrooms over the past several years has a new court case to contend with.

Catch’em Lake Gets New Management

Earlier this month, Agricenter International officials announced they would close Catch’em Lake while they searched for a new management company to operate its 10 bodies of water.

Democratic Senate Contenders Target Alexander

One of the candidates for U.S. Senate this year is walking across Tennessee and it isn’t the Republican incumbent Lamar Alexander.

GOP Excludes Reporters From Annual Fundraiser

NASHVILLE (AP) – The state’s Republican Party spokesman said this year’s annual fundraiser will be closed to the news media even though reporters have been welcomed at previous dinners.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: South at 15.0 mph
Humidity: 42%


Girls Inc. of Memphis will recognize winners of its annual Strong, Smart and Bold Awards at the 18th Anniversary Celebration Luncheon today from 11:30 a.m. to 1 p.m. at Bridges, 477 N. Fifth St. For reservations, contact Meghan Cloud at meghan.cloud@girlsincmemphis.org or 523-0217.

more events »

New Layoff Filings Jump as Companies Retrench ?

WASHINGTON (AP) – The number of newly laid off people filing claims for unemployment benefits bolted past 400,000 last week as companies trimmed their work forces to cope with a slowing economy and fallout from a collapsed housing market.

Mystery Space

A new restaurant has been planned for the space in the Cooper-Young neighborhood formerly home to Square Foods Natural Deli and Market. The name of the proposed restaurant is being kept under wraps now, but approvals already have been granted this month for such items as parking needs.

House OKs Rescue for Homeowners, Freddie, Fannie

WASHINGTON (AP) - Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and preventing the collapse of troubled mortgage companies Fannie Mae and Freddie Mac.

Housing Bill Won't Solve Market's Problems

WASHINGTON (AP) - Cash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday but the bill won't solve the deep-rooted ills of the U.S. housing market.

All Types of Mortgages see Rate Increases

WASHINGTON (AP) - Mortgage rates shot up this week with 30-year mortgages climbing to the highest level in nearly a year, reflecting concerns in financial markets about the troubles at corporate giants Fannie Mae and Freddie Mac.

AP Source: Grand Jury Investigating Lenders

LOS ANGELES (AP) - A federal grand jury is investigating mortgage lenders Countrywide Financial Corp., New Century Financial Corp. and IndyMac Bancorp Inc., a person familiar with the situation told The Associated Press on Thursday.

Trial Set in Suit to Block Delta-Northwest Deal

ATLANTA (AP) - A federal judge has set a trial date for a lawsuit by a group of airline passengers that seeks to block Delta Air Lines Inc. from acquiring Northwest Airlines Corp., the latter of which operates a hub in Memphis.

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PROPERTY SALES 81 390 4,279
MORTGAGES 88 452 5,128
BUILDING PERMITS 174 875 9,136
BANKRUPTCIES 46 222 3,246

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