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VOL. 130 | NO. 165 | Tuesday, August 25, 2015

Memphis Investment Professionals Preach Caution Amid Market Swings

The 1,000-point drop at one point Monday, Aug. 24, in the Dow Jones Industrial Average – it ended the day down 588 points to close at an 18-month low – was a result of volatile trading that marked a stomach-churning start to the week for investors.

Luttrell Calls For County Budget Summit In Economic Growth Climate

Shelby County Mayor Mark Luttrell called Monday, Aug. 24, for a “budget summit” with county commissioners and county Trustee David Lenoir to look at new budget realities.

Lighting Girls’ Lives

McNary teaching her Pink Eagles life, leadership skills

The Pink Eagles are like a Girl Scouts troop created just for Memphis. For the past seven years, the nonprofit has helped area girls ages 5 to 19 build self-confidence, leadership skills and financial literacy. The weekly meetings and seasonal events are free for the participants thanks to the leadership of founder Loretta McNary.

Federal Reserve: Memphis Banks Steady in 2nd Quarter

Talk to Metropolitan Bank CEO Curt Gabardi about his bank founded in 2008, and the story he’ll tell is of an institution today with the necessary resources and people to grow at a steady clip, in spite of a local banking landscape that’s fraught with competition.

Council Candidates Offer Advice, With Verbal Jabs, at NAACP Forum

There have been fewer forums this year for Memphis City Council contenders on the Oct. 8 ballot as the 2015 campaign season has focused on mayoral events.

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

EVENTS

Networking in Memphis will hold its fifth-year celebration, hosted by The Bar-Kays, on Tuesday, Aug. 25, from 6 p.m. to 9 p.m. at 300 Art Gallery, 300 S. Main St. Admission is $10; all proceeds go to the Memphis Entrepreneurship Academy. Tickets sold online only. Visit networkinginmem.com.

more events »

Famed Wine Cellar Maker Toasts East Memphis Job

An international, custom wine cellar company has uncorked its crown jewel in Memphis. Michigan-based Revel Custom Wine Cellars has been working for two years to craft the perfect wine haven for a local tech entrepreneur.

College Football Notebook: Expert Predicts Top Teams, Fuente’s Future in Memphis

With college football season about to kick off, The Daily News threw a few questions at USA Today’s George Schroeder, national college football writer and a past president of the Football Writers Association of America.

Confederate Parks Renaming Court Ruling Charts Path of Controversy

The Tennessee Court of Appeals concluded last week that the city of Memphis was involved in the placement of a concrete marker in what used to be Forrest Park that set off an ongoing chain of events.

REAL ESTATE RECAP

Cloverleaf Shopping Center Sells in $4.8 Million Deal

5071, 5079 and 5150 Summer Ave., 761 N. White Station Road, Memphis, TN 38122 -
The popular Cloverleaf shopping center, located at the corner of Summer Avenue and White Station Road, has sold according to a special warranty signed Aug. 13.

LOCAL COLUMNISTS

Four Things To Know for Your Fundraising Plan

The fundraising plan is at the core of successful fundraising. But what exactly is a fundraising plan? Is it a spreadsheet? A list of activities? A list of potential donors and funders? Our answer: it’s this and so much more.

Travel Magic Happens at Sunrise

Waking up before 8 a.m. never seems like a good idea when I’m home.

STATE GOVERNMENT

Haslam to Help Kickoff 2-Year College Free-Tuition Program

NASHVILLE, Tenn. (AP) — Gov. Bill Haslam is visiting several community colleges this week to help kickoff his Tennessee Promise program.

Tennessee Lawmakers Spent $30K on Grizzlies, Titans Tickets

NASHVILLE, Tenn. (AP) — A recent analysis of state campaign finance records show at least seven Tennessee lawmakers collectively spent more than $30,000 in campaign money on tickets to professional sporting events since 2003.

REGIONAL

SeaPort Agrees to Remove Tupelo Service

TUPELO, Miss. (AP) — SeaPort Airlines has agreed to end its passenger service in Tupelo.

NATIONAL GOVERNMENT

Survey: Most Economists Say Fed Will Raise Rates in 2015

NEW YORK (AP) — The vast majority of business economists expect the Federal Reserve will raise interest rates before the end of the year, according to a survey released Monday.

Tardy Tax Filers Risk Loss of Health Care Subsidies

WASHINGTON (AP) — Sign-up season for President Barack Obama's health care law doesn't start for another couple of months, but the next few days are crucial for hundreds of thousands of customers at risk of losing financial aid when they renew coverage for 2016.

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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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