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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
73.0°F
Mostly Cloudy
Wind: South at 13.8 mph
Humidity: 94%

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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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 78 13,921
MORTGAGES 93 93 16,098
FORECLOSURE NOTICES 5 5 2,207
BUILDING PERMITS 242 242 28,995
BANKRUPTCIES 59 59 8,985
BUSINESS LICENSES 29 29 4,730
UTILITY CONNECTIONS 37 37 5,570
MARRIAGE LICENSES 37 37 3,019

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