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VOL. 126 | NO. 157 | Friday, August 12, 2011

$10M Permit Filed for Beale Street Landing

Just days after the purchase of the American Queen riverboat by the Great American Steamboat Co. was announced, the Riverfront Development Corp. filed a building permit for the next phase of the Beale Street Landing project.

Discount Delight

Memphis home to Family Dollar’s 7,000th store

A new store opening for a national chain is not usually occasion for a party this big. But to discount retailer Family Dollar, the grand opening of its 7,000th store was too important a milestone to let go by without a splash. And so a ribbon cutting ceremony Thursday, Aug. 11 for the chain’s new store in Memphis at 656 S. Highland St. included a $7,000 donation to the Mid-South Food Bank.

Independent Bank Inks One Commerce Lease

The second-largest bank based in Memphis is coming Downtown.

Pyramid Construction to Begin in October

The city of Memphis will announce Tuesday, Aug. 16, that construction to transform The Pyramid arena into a Bass Pro Shops superstore with other attractions will begin Oct. 11.

Anda to Build Distribution Facility in Olive Branch

Anda Distribution, a Florida-based distributor of generic pharmaceuticals, announced Thursday that the company is bringing about 70 new jobs to Olive Branch, Miss., with the construction of a warehousing and distribution facility.

Local Weather
Currently
Memphis, TN
84.0°F
A Few Clouds
Wind: Calm mph
Humidity: 55%

EVENTS

The Rotary Club of Memphis Central will meet Friday, Aug. 12, from 11:45 p.m. to 1 p.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Dee Floyd, community development manager, Methodist Le Bonheur Healthcare, will speak about its hospice. Cost is $20 for nonmembers. For reservations, call Karen Shea at 683-9099.

more events »

Three States Supply Inks Lease in SE Submarket

A heating and air-conditioning firm is consolidating offices within the Southeast industrial submarket – where it currently has one office.

Wifflestock Hits New Level for Ronald McDonald House

For 14 consecutive years, the parking lot of Midtown bar and restaurant Zinnie’s East played host to Wifflestock, an annual event organized by a league of Wiffle ball enthusiasts to raise money for Ronald McDonald House of Memphis.

$20M in Improvements On Tap for One Commerce

Plans for $20 million in tenant improvements are coming right along at One Commerce Square.

Deadline Looms for School Board Plans

Attorneys on several sides of the schools consolidation lawsuit have until the end of Friday, Aug. 12, to submit their plans to Federal Judge Hardy Mays for a redrawn countywide school board that includes proportional representation for Memphians.

FedEx CFO Points to ‘Positive Changes’ on Way

The chief financial officer of FedEx Express told analysts at a New York conference this week the Memphis-based shipping giant sees growth in international markets, especially China, Mexico and Latin America.

30 by 30: Southern CHARMS Celebrate With Service

A lot of people facing a milestone birthday start thinking about themselves – their own lives, their own accomplishments, what they have and haven’t done by the time they hit 30 or 40 or 50.

Floyd has Helped Financial Federal Grow Since 1985

Mary Floyd, executive vice president of Financial Federal, helped create the bank’s residential lending sector, which has been one of the bank’s primary services for 26 years.

LOCAL COLUMNISTS

Show Some Pride

THE MEMPHIS STRIP SHOW. Our profile, our expression. Our individuality, our creativity. Why we look like us and not like everybody else.

Family Reunion Giving Suggestions

Part two of a two-part series. As your family plans its family reunion, you can plan for your family to make a positive impact on the community you call “home” or the community where you celebrate your reunion. You can do this by selecting a nonprofit organization to give to – each family can make a financial contribution and together you will make a powerful impact.

STATEWIDE

UT Gets $1.3 Million for Nuke Energy Research

KNOXVILLE (AP) – The U.S. Department of Energy has awarded the University of Tennessee up to $1.3 million in grants for nuclear energy research and development.

NATIONAL BUSINESS

4-Month Low in Unemployment Claims Eases Fears

WASHINGTON (AP) – After calamitous losses on Wall Street and fears of another recession, the economy got a dose of good news Thursday: The number of people applying for unemployment benefits fell below 400,000 for the first time since April.

Domino's Postpones Potential Refinancing of Debt

ANN ARBOR, Mich. (AP)Domino's Pizza Inc. is postponing its potential early refinancing of existing securitized debt because of market volatility.

US Trade Deficit Widens in June to $53.1 Billion

WASHINGTON (AP) – American producers sold fewer industrial engines, electric generators and farm products to the rest of the world in June, pushing the trade deficit to the highest level since 2008 and dealing another blow to an already struggling economy.

NATIONAL POLITICS

Obama: Something is Wrong With Country's Politics

HOLLAND, Mich. (AP) – Seeking to align himself with a public beleaguered by economic uncertainty and frustrated by Washington, President Barack Obama declared Thursday: "There is nothing wrong with our country. There is something wrong with our politics."

Pelosi Names Final Members to Debt Supercommittee

WASHINGTON (AP) – House Minority Leader Nancy Pelosi's appointment Thursday of three Democrats to Congress' new debt-reduction supercommittee completes the roster of a panel whose members are already being tugged in competing directions.

Fed's Low Rates are No Fix for Economy or Retirees

WASHINGTON (AP) – The Federal Reserve's plan to keep interest rates super-low for at least two more years is great news for mortgage refinancers and other borrowers.

REAL ESTATE

Mortgage Rates Fall Again, 30-Year Near Record Low

WASHINGTON (AP) – Fixed mortgage rates fell to at or near record lows. That's good news for the few who can afford to buy a home or are able to refinance. But the rates have done little to lift the ailing housing market.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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