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VOL. 126 | NO. 166 | Thursday, August 25, 2011

Schools Settlement Complex and Fast Moving

All sides in the schools consolidation lawsuit have reached a tentative and complex settlement that will create a 23 member city-county school board in just over a month, leave the two superintendents in place for now, hold elections for a seven member countywide school board in Aug. 2012 and allow the county commission the option of creating a 13 member countywide school board in the future.

Tower Revival

New tenants signal improved outlook for One Commerce Square

The reversal of fortune for the Downtown tower at the intersection of Main Street and Monroe Avenue, until recently plagued by falling occupancy and an uncertain future, was set in motion in a private meeting one year ago this month.

Delta Orders Boeing 737s

Delta Air Lines, as expected, has ordered 100 Boeing 737-900ER aircraft to upgrade its fleet and cut maintenance costs.

MAAR: Home Sales Improve 4.6 Pct.

The Memphis Area Association of Realtors’ latest numbers show a nice change of pace from recent residential real estate totals with a healthy 4.6 percent bump in July home sales.

UTHSC Unveils New Pharmacy College

For more than a century, the University of Tennessee Health Science Center College of Pharmacy has served as center of pharmacy education, practice and research in the Mid-South.

IP Stays Fixed on Temple-Inland Pursuit

The chief financial officer of Memphis-based International Paper Co. said this week the company is still interested in buying competitor Temple-Inland of Austin, Texas.

TSC, Shelby Farms Form Partnership

Shelby Farms Park offers space for running, kayaking, dog-walking, hiking and now, live theater.

MBA Young Lawyers Division Awarded for Service

A public service project spearheaded by the Memphis Bar Association Young Lawyers Division was so impressive that the group of attorneys took home a first-place “Service to the Public” award and was recognized for “outstanding activities” at the American Bar Association’s annual meeting this month.

Kritchevsky: Moot Court Like ‘Law School Sports’

As a law professor for the University Of Memphis Cecil C. Humphreys School Of Law for more than 25 years, Barbara Kritchevsky has contributed her knowledge of the law by serving as the school’s associate dean and now director of advocacy.


Shopping Local: Good for Everyone

Ray’s Take: Often you might find a lower price at a chain store, but patronizing locally owned stores gives you – and your community – a far better value.

On Mis-Sung Lyrics

“Dear Judge Vic, Knowing what a stickler you are for proper word usage and grammar, I had to write …,” the note began. “Oh no,” I thought, remembering the ribbing I received recently about the Lie-Lay-Lain rule.


Franklin Circuit Court Judge to be Appellate Judge

NASHVILLE (AP) – Gov. Bill Haslam has appointed Circuit Court Judge Jeff Bivens to the Tennessee Court of Criminal Appeals.

Haslam: Tenn. Keeping Word on Amazon Deal

CHATTANOOGA (AP) – Gov. Bill Haslam says other states would be "dead wrong" to try to claim that Tennessee doesn't keep its commitments in economic development deals.

TVA Plans Reactor Sale-Lease to Pay for Another

CHATTANOOGA (AP) – The Tennessee Valley Authority wants for the first time to put one of its nuclear reactors up for bids.

TVA Finds No Post-Earthquake Problems

KNOVILLE (AP) – The Tennessee Valley Authority says it has found no problems with its dams or coal ash impoundments in the wake of the East Coast earthquake.


Renasant Expands Into Tuscaloosa

TUPELO, Miss. (AP) – Regional banker Renasant Corp. is entering the banking market in Tuscaloosa, Ala.


Google Settles Pharmacy Ad Probe for $500 Million

PROVIDENCE, R.I. (AP) Google Inc. has agreed to pay $500 million to settle a U.S. government investigation into the Internet search leader's distribution of online ads from Canadian pharmacies illegally selling prescription drugs to American consumers.

Higher Durable-Goods Orders Ease Economic Worries

WASHINGTON (AP) – A surge in demand for autos and aircraft drove orders for long-lasting manufactured goods higher in July, easing fears that the U.S. economy might be on the verge of another recession.

WaMu Asks Judge to Approve Reorganization Plan

WILMINGTON, Del. (AP) – Attorneys for Washington Mutual Inc. and supporters of its bankruptcy reorganization plan are accusing creditors who stand to receive nothing of trying to hold the plan hostage with unfounded allegations of insider trading.

Obama Consults With GE, AMEX Execs on Job Creation

VINEYARD HAVEN, Mass. (AP) – President Barack Obama is soliciting advice from the co-chairmen of his jobs council on employment boosting initiatives in advance of a major economics address he intends to deliver after Labor Day.

CVS Caremark Authorizes $4 Billion Buyback

WOONSOCKET, R.I. (AP) – U.S. drugstore operator and pharmacy benefits manager CVS Caremark Corp. on Wednesday said its board has approved a share repurchase program for up to $4 billion of its stock.


US: Budget Deficit to Hit $1.28T, Down Slightly

WASHINGTON (AP) – The federal budget deficit will hit $1.28 trillion this year, down slightly from the previous two years, with even bigger savings to come over the next decade, according to congressional projections released Wednesday.


Home Mortgage Applications Fall to 15-Year Low

WASHINGTON (AP) – Mortgage applications to purchase a home fell last week to a 15-year low, despite the lowest mortgage rates in decades.


Survey: Employers Consider Ending Health Coverage

INDIANAPOLIS (AP) – Nearly one of every 10 midsized or big employers expects to stop offering health coverage to workers once federal insurance exchanges start in 2014, according to a new survey from a large benefits consultant.

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PROPERTY SALES 110 188 14,031
MORTGAGES 126 219 16,224
BUILDING PERMITS 170 411 29,164
BANKRUPTCIES 57 116 9,042

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