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VOL. 123 | NO. 160 | Friday, August 15, 2008

‘C’ Word Taboo in MCS Budget Squabbles

Memphis City Schools officials spent this week distancing themselves from a funding compromise with the city of Memphis that the school district’s lawyer agreed to in a private round of dealmaking with city and state education officials.

IRS Goes After Prominent Realtor

The credit crunch that’s gripped the nation’s economy and sent shivers through the housing market keeps claiming victims in the Memphis area.

Sillerman Addresses Plans for Graceland

The president and chief executive officer of the company that owns Elvis Presley Enterprises told several hundred Elvis fans Thursday that the pace of Graceland’s transformation into a Whitehaven tourism zone depends on local and state officials.

Commission Moves Forward With More Charter Changes

The Shelby County Board of Commissioners will meet twice next week for the second and third readings of two new sets of county charter changes for voters to consider.

U.S. Foreclosures Surge 55 Percent

WASHINGTON (AP) – The number of homeowners stung by the dramatic decline in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared to the same month a year ago, according to data released Thursday.

Local Weather
Currently
Memphis, TN
87.0°F
Mostly Cloudy
Wind: North at 16.1 mph
Humidity: 48%

EVENTS

Askew Nixon Ferguson Architects will host artists from Fred Rawlinson Studio today from 5:30 p.m. to 7:30 p.m. at 1500 Union Ave. The show will run through Sunday. For more information, call Ciara Neill at 278-6868.

more events »

‘Wheel’ Ready To Roll At Bluff City Dealership

Farrar “Wheel” Schaeffer Peckham has received approval from Ford Motor Co. – which until very recently owned Jaguar and Land Rover – to take over her family-owned dealership near Quince Road.

Turley Moves Ahead With Fairgrounds Plans

Mid-South Fairgrounds developer Henry Turley acknowledged this week that he and his group, Fair Ground LLC, are pursuing a major retailer as part of the plan that is still forming to redevelop the 170 acres of public land in Midtown.

Two House Republicans Seek Countrywide Probe

WASHINGTON (AP) - Two Republicans are calling for an investigation into whether House lawmakers or staffers received preferential treatment from mortgage lender Countrywide Financial Corp.

Fidelity: Downturn Doesn't Stop Retirement Savings

DES MOINES, Iowa (AP) - Most workers are not reducing their retirement contributions even though higher fuel and food prices have prompted them to cut spending in many areas, a leading retirement investment firm said Wednesday.

Earthquake Expert Warns of Economic Damage

ROLLA, Mo. (AP) - From cracked oil and natural gas pipelines to contaminated public water supplies, the nation's economy could be the biggest casualty of the next major Midwest earthquake, an earthquake expert warned Wednesday.

BMW Recalling 200,000 Vehicles

WASHINGTON (AP) - BMW AG said Wednesday it was recalling 200,000 vehicles over concerns that the front passenger air bag may not deploy in a crash.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
FORECLOSURE NOTICES 10 70 1,928
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762
BUSINESS LICENSES 23 184 4,083
UTILITY CONNECTIONS 22 166 4,847
MARRIAGE LICENSES 16 81 2,625

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