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VOL. 125 | NO. 154 | Tuesday, August 10, 2010

Multimillion Dollar Incentive Package on Tap for Pinnacle

The city and other partners have pieced together a multimillion-dollar incentive package to help cement a new Downtown location for Pinnacle Airlines Corp.

Franchising Hope

New York City helps Memphis fight poverty

Some of the biggest business success stories of recent years involve red-hot franchises like McDonald’s and Subway.

GTx’s Loss Widens on News of Abandoned Drug

The write-off of investments related to the development of a drug that didn’t pan out caused GTx Inc. to have a bigger loss during the second quarter.

UDC Reading Highlights Council Meeting

Tuesday’s Memphis City Council meeting will see another milestone for the Unified Development Code. The council will perform the third and final reading of the UDC, withc ouncil members getting a full briefing on the code overhaul at a 12:30 p.m. committee meeting.

Realtor Jobs Aren’t Business as Usual

When people think of the term “small-business owner,” thoughts of the guy who owns the local liquor store or the woman who opens up a beauty shop come to mind.

Local Weather
Memphis, TN
Wind: South at 10.4 mph
Humidity: 61%


Small Biz Memphis will host the Cordova/Bartlett and East Memphis/Midtown Business Builders Circle meetings Tuesday and Wednesday, respectively, from 7:45 a.m. to 9 a.m. at 1661 International Drive, suite 400. The Germantown/Collierville meeting will be Aug. 12 at 7:45 a.m. at 2176 West St., suite 110. For more information, call 205-9303.

more events »

Last-Minute Legal Opinion Changes Big Charter Provision

The Metro Charter Commission has approved a consolidation charter for voters on the Nov. 2 ballot, but the last day of work on the charter was anything but ceremonial. A last-minute legal opinion caused a rewrite of a major provision.

Methodist Le Bonheur Healthcare Buys Sutherland Cardiology Clinic

7460 Wolf River Blvd., Germantown, TN 38138, Sale Amount: $13.3 Million -
Methodist Le Bonheur Healthcare has bought Sutherland Cardiology Clinic’s property at 7460 Wolf River Blvd. in Germantown in conjunction with Sutherland becoming a part of Methodist Le Bonheur.

Job Losses = Vote Losses 

First, the good news. The Institute for Supply Management’s (ISM) manufacturing index for July came in at 55.5, down from June’s level of 56.2, but still well above the expansion threshold of 50. July’s ISM non-manufacturing index also expanded at 53.8. Additionally, auto sales in July rose 5.1 percent from a year ago. Since September 2008, the only month that has seen a higher surge in sales was August 2009, which was a response to the “cash for clunkers” program.

Herenton's First Political Loss Likely His Last

MEMPHIS (AP) – Willie W. Herenton, a charismatic, combative public figure who has towered over the Memphis political landscape since he became the city's first black elected mayor in 1991, is letting the curtain drop on his long career in public office.


Memphis City Council Agenda

The Memphis City Council will meet today at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.


Hargett Says Website Will Work in November

NASHVILLE (AP) – Secretary of State Tre Hargett said Tennesseans will be able to see real-time election returns for the November election.

McWherter Comes Out Swinging Against Haslam

NASHVILLE (AP) – Democrat Mike McWherter came out swinging against Republican gubernatorial nominee Bill Haslam on Friday, the first full day of the general election campaign to succeed term-limited Gov. Phil Bredesen.


Freddie Mac Requests $1.8B in Aid After Q2 Loss

WASHINGTON (AP) – Government-controlled mortgage buyer Freddie Mac is asking for $1.8 billion in additional federal aid after posting a larger loss in the second quarter.

Cold Smoothies, Hot July Spike McDonald's Sales

CHICAGO (AP) – McDonald's lesson from July: If you want to start selling cold, fruity drinks, pick one of the hottest months in U.S. history.

FYI: Study Finds Credit Card Disclosures Lacking

New credit card regulations that went into effect earlier this year require clearer disclosures for consumers. But a new study finds the language in card applications is still lacking in some areas.


Officials: Belt-Tightening Will Cut Major Command

WASHINGTON (AP) – The Defense Department plans to shed one of its 10 major military commands as Defense Secretary Robert Gates tries to pare billions from the Pentagon budget, officials briefed on the plan said Monday.

Obama Overtures to Business Fall Flat

WASHINGTON (AP) – Labeled antibusiness by Republicans and some corporate chiefs, President Barack Obama mounted a campaign to show he wasn't. But his charm offensive has hit a rocky patch.

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PROPERTY SALES 92 280 9,849
MORTGAGES 105 287 11,601
BUILDING PERMITS 247 575 20,885
BANKRUPTCIES 44 163 6,600

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