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VOL. 125 | NO. 156 | Thursday, August 12, 2010

City Leaders Roll Out Red Carpet for Pinnacle

The opportunity to convince Pinnacle Airlines Corp. to bring its Memphis headquarters Downtown has presented the first opportunity for several important figures to coordinate their efforts on a major economic development deal.

Taking the LEED

TRO Jung|Brannen increases emphasis on green design

Memphis planning and design firm TRO Jung|Brannen wants to be known as an area leader in green design.

City Council Gives UDC Green Light

It is complex. It is tedious. Some of its proponents even call it boring. And it took six years to create.

Mediation Gains Ground In Flailing Economy

The old joke is that when two parties go to court, the only ones who really win are the lawyers. But thanks in part to a bad economy, lawyers are learning that it may be more profitable to avoid trying lengthy cases.

Conversion to Private Rooms Helps MED Meet Demand

Moving in stealth-like fashion, the new leadership at The MED has begun upgrading hospital rooms to single-bed, private lodging with new flat-screen televisions.

Local Weather
Currently
Memphis, TN
54.0°F
Mostly Cloudy
Wind: Southwest at 6.9 mph
Humidity: 34%

EVENTS

The Greater Memphis Chamber will hold a breakfast forum Thursday from 7:30 a.m. to 9 a.m. at The Peabody Hotel, 149 Union Ave. Gregg Morton, president of AT&T Tennessee, will speak. Cost is $25 for members and $35 for nonmembers. To register, call 543-3518 or e-mail emilford@memphischamber.com.

more events »

Siskind at Forefront of Immigration Law

When attorney Greg Siskind first thought of opening a solo practice in immigration law in the early 1990s, he wasn’t sure he’d be able to generate enough work for it to be a viable option.

Spouses’ Separate Investing Can Divide Rewards

Ray’s Take: There is that well-worn phrase that love is blind, but for married couples who are investing hindsight is 20/20. In a growing trend, more couples are opting for separate investment accounts and different strategies.

Former CEO of 'Idol' Owner to Bid for Company

NEW YORK (AP) – The former chief executive of CKx Inc. is offering to buy a controlling stake in the company, which owns the "American Idol" reality TV show as well as rights to the name, image and likeness of Elvis Presley and Muhammad Ali.

Shelby School Buses Being Retrofitted to Help Air

MEMPHIS (AP) – Two-hundred fifty Shelby County school buses are being retrofitted with clean air technology designed to reduce pollution.

NATIONAL BUSINESS

Gov't: US Airlines Have Cut Jobs 2 Straight Years

NEW YORK (AP) – U.S. airlines have cut jobs for two straight years, the government said Wednesday, as accelerating layoffs and outsourcing sped up a downward slide that started in 2001.

Company Job Openings Drop for 2nd Straight Month

WASHINGTON (AP) – Company job openings fell for the second straight month in June, a sign that hiring isn't likely to pick up in the coming months.

Obama Administration to Provide $3B in Housing Aid

WASHINGTON (AP) – The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation's toughest job markets.

Median Home Prices Up in 2Q in Most US Cities

WASHINGTON (AP) – Home prices rose in nearly two-thirds of U.S. cities this spring as buyers took advantage of tax incentives that gave the struggling housing market a temporary jolt.

NATIONAL POLITICS

Federal Deficit Running Below Last Year's Record

WASHINGTON (AP) – With two months to go in the budget year, the federal deficit is running slightly below the all-time record set a year ago.

Trade Gap Likely Points to Slower Economic Growth

WASHINGTON (AP) – A decline in exports and a sharp rise in imports pushed the U.S. trade deficit in June to its widest point since October 2008, raising new concerns about the weakening economic recovery.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 82 82 19,655
MORTGAGES 75 75 22,989
FORECLOSURE NOTICES 7 7 8,311
BUILDING PERMITS 138 138 40,167
BANKRUPTCIES 72 72 13,176
BUSINESS LICENSES 9 9 6,146
UTILITY CONNECTIONS 52 52 13,048
MARRIAGE LICENSES 30 30 4,872

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