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VOL. 125 | NO. 159 | Tuesday, August 17, 2010

Proposed One Commerce Incentives for Pinnacle Include Loan, 15-Year PILOT

The Center City Revenue Finance Corp. will take several key steps at its meeting Thursday toward assembling the incentive package city leaders and an investor group hope will convince Pinnacle Airlines Corp. to bring its Memphis headquarters Downtown.

Medtronic Agrees to Buy Osteotech for $123M

NEW YORK (AP) – Medtronic, the world's largest maker of medical devices, will buy bone graft company Osteotech Inc. for $123 million, the companies said Tuesday.


Redesigned and Rebuilt

Firms shift gears in hopes of finding projects

David Schuermann, president of Architecture Inc., said his 16-year-old Downtown firm specializes in renovations and restorations to existing buildings.

Few Engineering Firms Credit Stimulus For Survival

The federal stimulus program has been very, very good to the Pickering Firm Inc., a Memphis-based engineering company.

Local Weather
Currently
Memphis, TN
46.0°F
A Few Clouds
Wind: Northeast at 9.2 mph
Humidity: 63%

EVENTS

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 Thursday at 7:45 a.m. at 2176 West St., suite 110. For more information, call 205-9303.

more events »

Legislation Could Alter Interior Design Industry

When a patient makes a doctor’s appointment or a homeowner hires an architect for a renovation project, he or she expects that doctor or architect to be a professional. And that term “professional” is measurable.

LRK Works to Rise From Bankruptcy Ashes

Many architecture and engineering firms spent the past two years adapting to the changing economic times, but the most prominent example occurred last winter when Looney Ricks Kiss Architects Inc. filed a Chapter 11 bankruptcy petition.

Political, Business Leaders Present Plans to Jolt Economy

Memphis audiences are getting an earful from businessmen and politicians who want to be seen as modern-day Paul Reveres, sounding alarm bells about taxes, the fragile economy and what’s in store for corporate America.

Conference Offers Tips on Benefit Cost Management

The upcoming annual conference of the Memphis Business Group on Health offers employers insights into controlling benefit costs from experts on the subject.

McWherter Talks Business During Memphis Campaign Stop

Democratic candidate for governor Mike McWherter heard a lot about Mississippi “poaching” businesses from Memphis during a lunch this month in East Memphis.

Former Bennigan’s Set to be Razed

5336 Poplar Ave., Memphis, TN 38119, Permit Amount: $775,000 -
Building permit to raze the former Bennigan’s Grill & Tavern restaurant on Poplar Avenue across the street from the dead end of Estate Drive.

Bad News Is Old News

It appears as though the dog days of summer have infected the global economy as well.

NATIONAL BUSINESS

Broadcast Audience Aging Faster Than Population

NEW YORK (AP) – For years, executives at ABC, Fox and NBC essentially stopped caring about television viewers once they had reached 50 years old.

Homebuilder Confidence Sinks for 3rd Month

WASHINGTON (AP) – Homebuilder confidence dropped for the third straight month in August as the struggling economy and a flood of cheap foreclosed properties kept people from buying new homes.

With Expansion, Mississippi Aims for More Nat’l Conventions

BILOXI, Miss. (AP) – A $118 million expansion and renovation of the Mississippi Coast Coliseum & Convention Center will bring Mississippi into the competitive fray for most of the biggest meetings in the United States, the center's executive director says.

Changes Proposed on Credit Rights Notice

WASHINGTON (AP) – Federal regulators are proposing changes that would help consumers better understand their rights when disputing a credit report.

NATIONAL POLITICS

Fed Survey Finds Easier Business Lending Standards

WASHINGTON (AP) – Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said Monday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 97 295 5,829
MORTGAGES 119 351 6,951
FORECLOSURE NOTICES 27 85 1,115
BUILDING PERMITS 275 845 12,430
BANKRUPTCIES 51 216 4,304
BUSINESS LICENSES 38 135 2,314
UTILITY CONNECTIONS 23 138 2,518
MARRIAGE LICENSES 24 77 1,204

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