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VOL. 126 | NO. 146 | Thursday, July 28, 2011

Corruption Probe Surfaces in Millington

A criminal investigation into corruption within Millington city government that began late last year surfaced Wednesday, July 27, with searches of government offices in the town by Tennessee Bureau of Investigation agents and investigators with the Shelby County District Attorney General’s office.

Endpapers

Demise of big-box bookstores leaves vacant real estate behind

As the market for brick-and-mortar bookstores lessens, the space that once housed big-box retailers could very well be snatched up faster than a paperback at a liquidation sale.

TDN’s 125 Years Reflects Its Hometown

It is the city’s original database, but The Daily News – which marks its 125th anniversary this year – began providing essential public information long before even the most primitive computer was built.

IP Fares Well in ‘Sideways’ Quarter

International Paper Co. reported 8 percent revenue growth in the second quarter of the year.

Wharton Touts City’s Progress to MAAR Group

The day after the October 2009 special city elections, local Panatoni Development Co. LLC partner Al Andrews showed up at Memphis Mayor A C Wharton Jr.’s door notifying him of a site location specialist conference in Atlanta that displayed a map with big red circles around certain areas of the country as places to avoid. Memphis was one of those.

Local Weather
Currently
Memphis, TN
58.0°F
Light Rain
Wind: Northeast at 10.4 mph
Humidity: 81%

EVENTS

The Memphis Mid-South Chapter of the Federal Bar Association will present “Summer Seminar: Federal Discovery Practice” Thursday, July 28, at 1:15 p.m. at the Clifford David and Odell Horton Federal Building, 167 N. Main St., 11th floor, Jury Assembly Room. To register, visit www.fedbar.org/memphis and print out the registration form and mail it to the address provided.

more events »

Delta Q2 Earnings Drop 58 Percent

Earnings for Delta Air Lines Inc. dropped 58 percent in the second quarter ended June 30 compared to the same quarter in 2010.

U of M Event Honors City’s Legal Pillars

They’ve argued landmark cases in Memphis courtrooms in addition to representing everyday clients. They’ve grown into lions of the local legal profession. And they’ve helped tilt the course of history in the city.

MCS Payment Plan Gets School on Track

Memphis City Council members will probably cut the city’s funding of the Memphis City Schools system for the current fiscal year to reflect a drop in student enrollment as noted by state education officials.

Fundraising Conference to Unite Area’s Charitable Orgs

The Mid-South is home to more than 3,000 nonprofits, and fundraising professionals in Memphis – known as one of the nation’s most philanthropic cities. It is a group that is increasingly engaged in programs that help them keep up-to-speed on trends and developments in the nonprofit sector.

Looking Out for Others Drives Smith’s Work

Three days after Jeffrey Smith’s father had surgery to repair a broken hip, doctors told his mother he was being discharged that day – whether or not she had found a nursing home for his rehabilitation and Alzheimer’s treatment.

LOCAL COLUMNISTS

Avoid Wedding Bell Budget Blues

Ray’s Take: Like most parents, you want to give your child a wedding to remember, and you set a budget accordingly. Unfortunately, the total wedding cost has a tendency of creeping skyward. A lot of that additional cost shows up in small increments – spending just a bit more on the venue or adding some special touch – but it all adds up to a real budget buster.

Farewell, ‘Friday Night Lights’

For some time I’ve wanted to write about “Friday Night Lights.” I’ve been streaming it on Netflix for a while, watched the first four seasons, became a fan.

Intellectual Property: All in Your Head

There is good news, and bad news, for businesses seeking revenue from intellectual property assets.

REGIONAL

Ark. Commission Votes to Shut Down Wells

EL DORADO, Ark. (AP) — State commissioners voted Wednesday to close a well that's used to dispose of natural gas fluids and ban others from being drilled in a gas-rich area north of Conway where hundreds of earthquakes have struck.

Arkansans Awarded $35 Million in Disaster Aid

LITTLE ROCK, Ark. (AP) — More than $35 million in assistance has been provided to Arkansas residents who were affected by severe storms, tornadoes and flooding that pounded the state between April 14 and June 3.

Mississippi Job Picture Improves a Bit in June

A month after flooding disrupted the economy along the Mississippi River, Mississippi's employment picture improved slightly in June even though the state had 1,700 fewer non-farm jobs than a year ago.

NATIONAL BUSINESS

Fed Survey: Growth Slows Across Much of US

WASHINGTON (AP) — The economy worsened in much of the U.S. earlier this summer, hampered by high unemployment, weak home sales and signs of a slowdown in manufacturing.

Durable Goods Orders Fall 2.1 Percent in June

WASHINGTON (AP) — U.S. businesses cut back on orders for aircraft, autos, heavy machinery and computers in June, sending demand for long-lasting manufactured goods lower for the second month in the past three.

Iberiabank Q2 Earnings Fall

LAFAYETTE, La. (AP) — Iberiabank Corp.'s second-quarter profit dropped 41 percent as the regional banker sustained one-time expenses to complete two acquisitions, the company reported.

GOP Retools Plan as Congress Seeks Debt Fix

WASHINGTON (AP) — Six days away from a potentially calamitous government default, House Republicans appeared to be coalescing Wednesday around a work-in-progress plan by House Speaker John Boehner to increase the U.S. borrowing limit and chop $1 trillion in federal spending. But the White House dismissed the proposal as a waste of time, and it got a thumbs-down from Senate Democrats and tea party activists, too.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 252 6,191
MORTGAGES 73 287 7,379
FORECLOSURE NOTICES 0 37 1,152
BUILDING PERMITS 227 556 13,147
BANKRUPTCIES 40 153 4,500
BUSINESS LICENSES 25 86 2,448
UTILITY CONNECTIONS 37 110 2,650
MARRIAGE LICENSES 16 65 1,300

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