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VOL. 125 | NO. 146 | Thursday, July 29, 2010

Former Register's Office Employee Charged With Theft, Misconduct

A former employee of the Shelby County Register’s office is charged two counts of theft and official misconduct for twice taking money from the office in late 2008 and early 2009.

Consignment Central

Economy’s loss is resale industry’s gain

The children’s consignment sale industry is booming as families seek to stretch their dollars by reusing and recycling what’s in their closets.

Highwoods Buys Crescent Center for $52.6M

Highwoods Properties Inc. has bolstered its already strong position along the Poplar Avenue office corridor by adding an impressive asset.

IP Turns Loss Into Profit, Still Disappoints

International Paper Co. is back in the black.

Baker Donelson’s Brown Advises Senate Subcommittee on Financial System

It’s often said that the best parts of movies are the ones left on the cutting room floor.

Local Weather
Currently
Memphis, TN
69.0°F
Partly Cloudy
Wind: West at 10.4 mph
Humidity: 39%

EVENTS

The Memphis/Mid-South Chapter of the Federal Bar Association will present the seminar “Appeals A to Z” Thursday from 1:15 p.m. to 4:30 p.m. at the Clifford Davis and Odell Horton Federal Building, 167 N. Main St., 11th floor, jury assembly room.

more events »

Employers Advised to Enact Social Media Policies

Taking disciplinary action against employees for objectionable postings on social media websites or for spending too much time on networking sites can pose legal pitfalls when companies don’t have set policies, yet almost half of all employers are without a policy.

Salazar Promotes Conservation Funding During Memphis Visit

U.S. Interior Secretary Ken Salazar made a strong push during a Memphis visit this week for full funding of the federal Land and Water Conservation Fund for what he described as “Gulf Coast restoration on steroids.”

Candidates Agree on Improving Small Biz Climate

Whoever wins the Aug. 5 race for Shelby County mayor will inherit widespread dissatisfaction with county government’s small-business programs.

SportsBall Highlights Glassman’s Ongoing Work as Big Brother

Attorney Richard Glassman has filed plenty of complaints in his career, but an offhand complaint he once made changed his life and that of another person forever.

Use 401(k)s Only As Piggy Bank Of Last Resort

Ray’s Take: With unemployment benefits running out for millions of Americans and a laundry list of other economic stresses, more people will want to raid their 401(k)s for relief. While often the path of least resistance, avoid it at all costs.

Memphis' Haizlip Studio Set to Work on Elvis' Tupelo Home

TUPELO, Miss. (AP) – A Memphis, Tenn., architecture company will design new attractions at the Elvis Presley Birthplace.

STATEWIDE

Poll: Voters Oppose Guns in Bars, Like Arizona Law

NASHVILLE (AP) – A poll conducted for the Tennessee Newspaper Network shows that most voters oppose a new state law that allows handguns into bars and restaurants that serve alcohol.

Toolmaker Cutting 80 Jobs at Jackson

JACKSON, Tenn. (AP) – Toolmaker Stanley Black & Decker will close its distribution center in Jackson, eliminating about 80 jobs.

Haslam Rejects Wamp Claim on State Income Tax

KNOXVILLE (AP) – Bill Haslam on Wednesday dismissed as "100 percent not true" claims by rival Republican gubernatorial candidate Zach Wamp that he would be likely to push for a state income tax if poor economic conditions persist.

State's Civil War Commemoration Praised as Model

NASHVILLE (AP) – A scholar at Middle Tennessee State University says the state is creating a national model for planning and commemorating the Civil War Sesquicentennial.

Haslam Makes Campaign Stop at Family-Owned Pilot

KNOXVILLE (AP) – Republican gubernatorial candidate Bill Haslam has made a campaign stop at the Knoxville headquarters of the family-owned Pilot Corp. chain of truck stops.

REGIONAL

Trustmark Boosts Q2 Profit

JACKSON, Miss. (AP) – Regional banker Trustmark Corp. nearly doubled its second-quarter profit through the combination of more revenue and reductions in problem loans, the company reported.

NATIONAL BUSINESS

Senate Panel Approves Yellen as Fed Vice Chair

WASHINGTON (AP) – A Senate panel on Wednesday approved three of President Barack Obama's picks for the Federal Reserve, including his nomination of Janet Yellen to be the central bank's second-highest-ranking official.

Orders for Big-Ticket Goods Fall 1 Percent in June

WASHINGTON (AP) – Orders to U.S. factories for big-ticket manufactured goods fell in June as demand for commercial aircraft plummeted. But businesses increased spending on capital goods for a second straight month, a sign that manufacturing continues to help keep the economic recovery afloat.

Unemployment Rises in 75 Pct. of Metro Areas

WASHINGTON (AP) – The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as seasonal factors boosted joblessness nationwide.

Mortgage Applications Fall 4.4 Percent Last Week

WASHINGTON (AP) – Applications for home loans fell last week despite the lowest mortgage rates in decades.

100 Days Later, BP Taps New CEO, Seeks Fresh Start

NEW ORLEANS (AP) – One hundred days after the rig explosion that set off the worst offshore oil spill in U.S. history, the oil giant behind it is hoping to move beyond the losses, the gaffes and the live video that ran for weeks of the busted well coughing up massive amounts of crude every second.

NATIONAL POLITICS

Obama Pushes Business Bill as an All-American Goal

EDISON, N.J. (AP) – President Barack Obama on Wednesday cast his latest economic pitch as a matter of patriotism, urging the Senate to ditch its partisan mode at least long enough to pass a package of tax cuts and loan relief for small businesses. "This is as American as apple pie," the president said.

Health Insurers Win Concession on Kids' Coverage

WASHINGTON (AP) – The health insurance industry has won a concession from the Obama administration on insurance coverage for children.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 128 17,998
MORTGAGES 155 155 20,990
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 149 149 36,765
BANKRUPTCIES 60 60 11,985
BUSINESS LICENSES 19 19 5,696
UTILITY CONNECTIONS 49 49 12,297
MARRIAGE LICENSES 40 40 4,518

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