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VOL. 124 | NO. 147 | Wednesday, July 29, 2009

Rossie Indicted On Theft Charges

Memphis attorney J. Richard Rossie turned himself in to authorities this afternoon and was booked on theft charges.

Halbert Mulls Run for City Mayor

Another potential mayoral candidate is considering stepping into the fray.

Stanley Leaving Senate Aug. 10

After privately talking things over with his wife Tuesday, State Sen. Paul Stanley decided to resign from the legislature Aug. 10.

Innova to Invest in Student Business Projects

Innova Memphis Inc. will invest $12,500 in seed money to each of the companies launched by four students selected for a new “Entrepreneur MBA” program at the University of Memphis.

HUD Official: Memphis Public Housing Reforms A National Model

In the last days of the Herenton administration, officials from the federal department of Housing and Urban Development have been using the city’s conversion of public housing projects to mixed-use communities as an example for the nation.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: Variable at 3.5 mph
Humidity: 61%


The Shelby County Commission will hold committee meetings today beginning at 8:30 a.m. in the fourth floor committee room of the Shelby County Administration Building, 160 N. Main St. For more information, call Steve Summerall at 545-4301.

more events »

Obesity Takes Bite Out of Health Care Resources

The money spent on health problems stemming from obesity accounts for almost 10 percent of all medical costs and is approaching $147 billion a year, according to a study released this week by the U.S. Centers for Disease Control and Prevention.

Carpenter Leaves Ad Agency He Helped Found

Doug Carpenter has sold his interest in the advertising firm carpenter | sullivan | sossaman to fellow managing principal Brian Sullivan for an undisclosed amount, the longtime friends and business partners told The Daily News on Tuesday.

Baldwin Joins Visible School As Department Chair, Professor

George Baldwin has been hired by Visible School as department chair and assistant professor of music business ministry and audio production.

FedEx Says New Ohio Hub Will Help Distribution

MEMPHIS, Tenn. (AP) - FedEx Corp.'s ground unit is celebrating the opening of a new distribution hub in Ohio, replacing its existing Toledo operation, the company said Tuesday.

Valero Reports Q2 Loss as Energy Demand Crumbles

HOUSTON (AP) - Valero Energy Corp., the largest U.S. independent oil refiner, said Tuesday it lost $254 million in the second quarter as lower margins and weak demand for gasoline and other refined products hammered results.

Key Statistics for Tenn. from Kids Count Report

The annual Kids Count report released Tuesday by the Annie E. Casey Foundation offered these statistics about Tennessee and its policies for children:

Tenn. Tech Student Appointed to Board of Regents

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen has appointed Sean Ochsenbein of Tennessee Tech as student representative on the Tennessee Board of Regents for 2009-2010.

BofA Could Eventually Cut 10 Pct of Branches

CHARLOTTE, N.C. (AP) - Bank of America Corp. could eventually shrink its 6,100-branch network by about 10 percent as consumers utilize other methods of banking, a company spokesman said Tuesday.

Index Adds to Spate Of Upbeat Housing News

NEW YORK (AP) – There were fresh signs Tuesday that home prices in much of the country are stabilizing and the housing market is on the mend.

No Deal Yet on House Health Care Bill

WASHINGTON (AP) - There's no deal yet on a health care bill in the House as moderate and conservative Democrats are balking over specifics and a monthlong August recess looms.

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PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
BUILDING PERMITS 218 906 17,513
BANKRUPTCIES 45 252 5,658

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