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VOL. 124 | NO. 131 | Tuesday, July 7, 2009

UPDATE: Council Approves Mayoral Vacancy Effective July 31

The Memphis City Council approved Tuesday on a 7-6 vote a resolution declaring the mayor’s office vacant as of July 31.

Council Still Set To Take Up Mayoral Vacancy Today

Memphis City Council chairman Myron Lowery told reporters Monday afternoon that he has no fight with outgoing Mayor Willie Herenton.

Medtronic to Cut 56 Local Jobs

The Memphis-based Spinal and Biologics division of Medtronic Inc. has notified the Tennessee Department of Labor and Workforce Development that it intends to lay off up to 56 people beginning Aug. 17.

City to Seek Neighborhood Improvement Funding

The city of Memphis is planning to apply for $64 million from the federal government’s second round of Neighborhood Stabilization Program funding.

Herenton Delays Resignation by Almost Three Weeks

Memphis Mayor Willie Herenton sent a letter Monday to City Council chairman and would-be mayor pro tempore Myron Lowery saying he will delay for almost three weeks his resignation.

Local Weather
Currently
Memphis, TN
80.0°F
Overcast
Wind: from the East at 13.8 gusting to 23.0 mph
Humidity: 67%

EVENTS

MPACT Memphis will hold a Community Service Committee meeting today at 6 p.m. at Café Eclectic, 603 N. McLean Blvd. To R.S.V.P., contact Audra Bares or Chad Lopes at memberconnections@mpactmemphis.org or 528-8340.

more events »

Luminetx Expands Global Penetration

Luminetx Corp. on Monday reported its second quarter sales of VeinViewer were at the highest level since the company began shipping the vascular imaging product three years ago.

Council to Vote On School Funding Plan

A Memphis City Council committee today is scheduled to approve a resolution to make Shelby County the sole funding source for the city and county school systems.

AP Analysis: Economic Stress Up In Much of Nation

California, Michigan and South Carolina suffered the most financial pain in May as unemployment, home foreclosures and bankruptcies rose, according to The Associated Press’ monthly analysis of economic stress in more than 3,100 U.S. counties.

City of Memphis Files Permit For Liberty Bowl Renovation

335 S. Hollywood St., Memphis, TN 38104, Permit Amount: $1.2 Million -
The city of Memphis has applied for a $1.2 million permit with the city-county Office of Construction Code Enforcement for renovations to Liberty Bowl Memorial Stadium at 335 S. Hollywood St.

Gov’t Medical Plan Would Offer Cut-Rate Premiums

WASHINGTON (AP) – What if a new health plan set up shop in your town offering coverage at a much lower price than other insurers?

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 374 7,749
MORTGAGES 89 414 9,199
FORECLOSURE NOTICES 9 52 1,358
BUILDING PERMITS 197 1,007 16,607
BANKRUPTCIES 45 279 5,406
BUSINESS LICENSES 28 154 2,948
UTILITY CONNECTIONS 0 139 3,250
MARRIAGE LICENSES 30 128 1,688

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