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VOL. 125 | NO. 132 | Friday, July 9, 2010

Home Sales Increase 22 Percent in June

The homebuyers tax credit finally paid dividends for the local housing market, which just closed the books on its best month in two years.

Pride of the Pond ‘On Flavor’ With Fresh Catfish

TUNICA, Miss. – Seining the ponds at Pride of the Pond is not unlike a visit to the casinos north of the catfish farm.

Feds Match County Money 3-to-1 for The MED

Federal, state, county and city officials – both Democrats and Republicans – celebrated Thursday a larger-then-expected $30 million payment to The MED from the Centers for Medicare & Medicaid Services.

Memphis Merck Site Spared From Closure

Merck & Co Inc. announced Thursday that it will close eight manufacturing sites, but Memphis is not on the list.

Controversy Remains Around City, Performa Settlement

Memphis City Council members critical of the Beale Street court settlement say the Wharton administration was too generous after the city publicly alleged Performa Entertainment founder John Elkington owed the city millions of dollars.

Local Weather
Currently
Memphis, TN
51.0°F
A Few Clouds
Wind: East at 6.9 mph
Humidity: 52%

EVENTS

The Memphis Rotary Club will meet Friday at noon at the Chickasaw Country Club, 3395 Galloway Ave. Dr. Jan Young, executive director of the Assisi Foundation, will be the featured speaker. Cost is $25 for guests. Reservations are not needed.

more events »

Vaught Expands Sports Toy Line

Vaught Sports, which launched a product last year for tennis practice in tight spaces, is expanding its line into other sports.

Hutto Keeps Valeo, Clients on Track

“I like to tell people that at one time people in our business would build you a great website, take your check, shake your hand and turn you loose,” Hutto said.

Looking for Signs of the Times

If you want to know where this city came from, follow the signs.

STATEWIDE

Financial Literacy a Priority in Tenn., Nationally

MEMPHIS (AP) — A new program geared to teach Tennessee's students and their parents how to save money for college is part of a growing national emphasis on financial literacy education.

Mayor Wants Tax Funds to Help Rebuild Opry House

NASHVILLE, Tenn. (AP) — Nashville Mayor Karl Dean wants to give certain hotel tax funds to Gaylord Entertainment Co. to help rebuild the flooded Grand Ole Opry House.

NATIONAL BUSINESS

Consumer Borrowing Down Sharply in May

WASHINGTON (AP) — Consumer borrowing fell again in May, more evidence that Americans remain jittery over their finances and the durability of the economic recovery.

Mortgage Rates Drop to New Low Of 4.57 Percent

NEW YORK (AP) — Mortgage rates fell for the second straight week to the lowest point in five decades. But many people either don’t qualify for new mortgages or have already taken advantage of the low rates this year.

Retailers Post Choppy June, Start to Discount More

NEW YORK (AP) — Stores steepened discounts more than planned in June to help drive recession-scarred customers into the malls to buy summer merchandise. But shoppers spent cautiously amid escalating job worries, resulting in modest gains for many merchants.

Jobless Claims Keep Fluctuating as Recovery Slows

WASHINGTON (AP) — Applications for unemployment aid have been fluctuating from week to week, offering an uncertain view of layoffs and the job market.

Allen: Relief Well Timing Depends on Oil's Spread

THEODORE, Ala. (AP) — A relief well being drilled deep into the seafloor of the Gulf of Mexico to shut down the gushing well could be completed ahead of a long-set deadline of mid-August only if conditions are ideal, government and BP officials said Thursday.

HEALTH CARE

New Risk Pool Available to Mississippians

JACKSON, Miss. (AP) — An uninsured Mississippian diagnosed with cancer can now obtain health care coverage and start filing claims for treatment almost immediately.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 405 5,939
MORTGAGES 141 492 7,092
FORECLOSURE NOTICES 0 85 1,115
BUILDING PERMITS 161 1,006 12,591
BANKRUPTCIES 43 259 4,347
BUSINESS LICENSES 49 184 2,363
UTILITY CONNECTIONS 22 160 2,540
MARRIAGE LICENSES 31 108 1,235

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