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VOL. 123 | NO. 164 | Thursday, August 21, 2008

Eleven File For Council Seat

A field of 11 candidates had filed by today's noon deadline for an open seat on the Memphis City Council on the Nov. 4 ballot. Four of the contenders ran for the council just a year ago. Also at the deadline, three Memphis school board members were effectively re-elected when they failed to draw any opposition.

Initiative Brings Home Closer for Downtown Workers

The “Work Downtown, Live Downtown” promotion kicks off this week for the company’s RiverTown on the Island condominiums, providing a variety of incentives to any Downtown worker who buys a home there.

Full-Time Deputies Responsible For Courtroom Security

After much debate, the Shelby County Board of Commissioners has decided to keep only full-time sheriff’s deputies in courtrooms to serve as security officers.

Motel Project Causes Council Tension

When Memphis Mayor Willie Herenton shows up in the City Council’s committee room, it usually means he wants to make a point – maybe several.

Condo Development Beats Odds, Works for Downtown

At the corner of Carolina and Kansas streets in Downtown’s booming South End residential community, the finish line is in sight.

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

EVENTS

Women on the Move will hold a luncheon today at 11:30 a.m. at The Crescent Club, 6075 Poplar Ave. Stefanie Barrett of Barrett Creative will share tips on how to market your business. For reservations, call 684-1010.

more events »

‘Rock for Love’ Kicks Off Tonight

“Aristo-crunk,” noted regional garage bands and headliner hip-hop fill the program for the “SunTrust Rock for Love 2” concert Friday and Saturday to benefit the Church Health Center.

Art Students Try To Beautify South Main District

Moss and Davis recently spent about a week working on a mural for the wall of Robert Johnson Furniture Conservation and Reproductions at the corner of South Main and Talbot streets.

Housing Starts Slide To 17-Year Low

WASHINGTON (AP) – Construction of homes and apartments fell in July to the lowest level in more than 17 years, but some economists said the drop could aid the slumping housing sector by helping reduce a glut of unsold properties.

Mortgage Application Volume Hits Multiyear Low

NEW YORK (AP) - Mortgage application volume fell last week to its lowest levels in nearly eight years, the Mortgage Bankers Association said Wednesday.

Biller Joins Luckett Pinstein Ridder PC, Discusses Business, Employment Practice

Stephen Biller has joined the law firm of Luckett Pinstein Ridder PC as of counsel. He received his undergraduate degree and his J.D. from Boston University and was named among the Best Lawyers in America in 2007. He is a member of the Memphis, Shelby County, Tennessee and American Bar Associations.

Rights Museum Picks Gore, Nash for Freedom Awards

MEMPHIS, Tenn. (AP) - Former Vice President Al Gore and civil rights activist Diane Nash were named Tuesday as recipients of the National Civil Rights Museum's annual Freedom Awards.

All SEC Financial Data to be Interactive

WASHINGTON (AP) - Investors will be able to access financial disclosures from all U.S. public companies and mutual funds in an interactive format within two years, as regulators replace a 1980s-vintage, text-based reporting system with an Internet-based platform.

Memphis International Board Cool to Name Change

MEMPHIS, Tenn. (AP) - Officials of Memphis International Airport say they probably won't change the airport's name to honor the late singer Isaac Hayes.

Fannie Mae, Freddie Mac Shares Plummet

NEW YORK - Shares of Fannie Mae and Freddie Mac lost more than a quarter of their value on Wednesday as fears mounted that the mortgage financiers will soon need government support and any bailout would hang stockholders out to dry.

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Blog News, Training & Events
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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The Memphis News: Business, politics, and the public interest.