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VOL. 124 | NO. 159 | Friday, August 14, 2009

Herenton to Run for Mayor – and Congress

By walking to a counter at the Shelby County Election Commission Thursday and asking for a piece of paper, former Memphis Mayor Willie Herenton has again surprised political observers.

Economic Woes Barely Slow Property Tax Collection

The housing market collapse and gloomy jobs outlook are causing many homeowners around the country to fall behind on their property tax bills. But those factors don’t seem to be having the same effect in Shelby County.

Council Meeting To Explore Sex Orientation Issue

The Memphis City Council’s Personnel, Intergovernmental and Annexation committee is scheduled to grapple Tuesday morning with several weighty issues, including government consolidation and an update of the city’s nondiscrimination policy.

Minister-Doctors Marry Medicine, Faith

Drs. Kenneth Robinson, Scott Morris and Clay Jackson use Bibles along with stethoscopes.

Former Manufacturing CEO Takes Over Executive Networking, Mentoring Group

After 30 years at AZO, a global manufacturing company whose North American headquarters is in Memphis, Bob Moore decided it was time to try a new challenge.

Local Weather
Currently
Memphis, TN
60.0°F
Overcast
Wind: South at 8.1 mph
Humidity: 41%

EVENTS

MPACT Memphis will meet for a private lunch with School Board Commissioner Tomeka Hart today at noon at Sole Restaurant, 221 S. Third St. For reservations, contact Andre Gibson at civicengagement@mpactmemphis.org or 528-8340.

more events »

AutoZone Shares Slip as Analyst Downgrades

NEW YORK (AP) - Shares of AutoZone Inc. declined Thursday after an analyst downgraded the auto parts retailer, saying the do-it-yourself car repair business is showing signs of slowing.

Regions Financial Gains after Paulson Buys Shares

NEW YORK (AP) - Shares of regional bank Regions Financial Corp. gained nearly 9 percent in afternoon trading Thursday after John Paulson's hedge fund purchase of 35 million shares, disclosed in a regulatory filing the day before, made Paulson & Co. the bank's No. 2 shareholder.

BofA Shares Jump after Exec, Hedge Fund Buy Shares

CHARLOTTE, N.C. (AP) - Shares of Bank of America shot up Thursday as a new executive at the bank, as well as a prominent hedge-fund manager, decided to place big bets on the company by buying up blocks of shares.

July Foreclosures Up 7 Percent from June

WASHINGTON (AP) – The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage.

Fed Says Economy Leveling Out; Rates Stay at Lows

WASHINGTON (AP) – The Federal Reserve Wednesday delivered a vote of confidence in the economy, saying it would slow the pace of an emergency rescue program and indicating the recession appears to be ending.

Mortgage Rates Increase This Week

McLEAN, Va. (AP) - Rates on 30-year mortgages rose this week, remaining above 5 percent after reaching a record low earlier this year, Freddie Mac said Thursday.

'Mortgage Meltdown' Tackles Housing Market Slump

WASHINGTON (AP) - AddictingGames – the Web site that published ripped-from-the-headlines games such as "Baseball Juiced," ''Trillion Dollar Bailout," ''Where's the Naughty Governor?" and "Hero on the Hudson" – is tackling its riskiest project yet: turning the slump in the housing market into something fun.

Ford to Boost Production of Focus, Escape

DEARBORN, Mich. (AP) - Ford said Thursday it will build more of its popular Focus and Escape models and boost total vehicle production later this year to help dealers restock depleted showrooms.

Consumer Groups Question Some Clunkers Deals

NEW YORK (AP) - Two consumer advocacy groups are calling on the U.S. Transportation Department to protect car buyers from questionable Cash for Clunkers deals at showrooms.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 155 19,728
MORTGAGES 95 170 23,084
FORECLOSURE NOTICES 4 11 8,315
BUILDING PERMITS 200 338 40,366
BANKRUPTCIES 50 122 13,226
BUSINESS LICENSES 14 23 6,160
UTILITY CONNECTIONS 33 85 13,080
MARRIAGE LICENSES 28 58 4,900

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