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VOL. 125 | NO. 149 | Tuesday, August 3, 2010

Pinnacle Airlines 2nd-Quarter Net Income Slips

MEMPHIS (AP) — Pinnacle Airlines Corp., which operates regional flights for larger airlines, said Tuesday that its second-quarter net income dipped, in part, due to a dispute over insurance premiums.

Artists Wanted

Project Sketchbook, Rozelle Artists Guild provide avenue for aspiring artists

Rozelle Artists Guild was built around the idea of creating a community of artists. Now, a project in its second year for RAG aims to showcase artists from the greater community.

Lamar Crossing Slated for Auction Block

More than three years after developers broke ground on Lamar Crossing, the end is finally in sight for the beleaguered apartment complex.

Garden Grit Teaches Memphians To ‘Grow-Cook-Share’

Two Midtown women are on a mission to encourage Memphians to eat local, even if that means assessing city-dwellers’ backyards to advise them on how to grow their own vegetables.

Mayoral Bid Awakens Ford Political Machine

Since the late 1970s, the Ford family, as a political organization, has had an interest in either the Memphis or Shelby County mayor’s office. In 1978, John Ford declared he was running for county mayor but then withdrew from the race. Five years later, he ran for city mayor.

Local Weather
Currently
Memphis, TN
91.0°F
Thunderstorm
Wind: West at 9.2 mph
Humidity: 60%

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 »

Charter Commission Sets Date For Metro Elections, Tightens Charter Provisions

Metro Charter Commissioners are tightening up provisions in the proposed consolidation charter that is just about completed.

Le Bonheur Patient Move Delayed

Le Bonheur Children’s Hospital is delaying the transfer of patients into its new $340 million facility from September to December.

Wright Doubles Earnings From Year Ago

Wright Medical Group Inc. had sales of $131.2 million during the first quarter of 2010, a 9 percent increase over the same period a year ago.

Leadership Academy Preps for New Class

The faces change in September, but the goals remain constant for The Leadership Academy, as one class of fellows wraps up its community service projects and another group prepares to take its place.

Campaigns Shift to Stretch Drive as Candidates Eye Finish Line

Most campaigns on the Aug. 5 ballot began a 72-hour campaign cycle Monday, as in 72 hours to Election Day Thursday. The cycle signals a shift in focus to voters who are either undecided or need more prompting to go to the polls or who simply believe in voting on Election Day.

Gill Enterprises Sells Land to CVS for Cordova Pharmacy

786 N. Germantown Parkway, Cordova, TN 38018, Sale Amount: $2.2 Million -
CVS has closed on the 1.8-acre parcel of land on Germantown Parkway in Cordova where it will build its next area pharmacy, paying $2.2 million for the property.

Boomers – Rebels With a Cause

How are you marketing to the generation that represents nearly 30 percent of the U.S. population and a whopping 80 percent of personal financial assets?

MEMPHIS AREA

Project Will Affect Traffic on Hernando DeSoto Bridge

MEMPHIS (AP) – Major work on the Hernando DeSoto Bridge over the Mississippi River is expected to cause traffic delays for much of the rest of 2010.

Driver Service Center Opens on Mt. Moriah

NASHVILLE (AP) — The Tennessee Department of Safety opened a new driver service center for reinstatement assistance in Shelby County on Monday.

STATEWIDE

Ramsey Hits Haslam, Wamp for Celebrities on Trail

CROSSVILLE, Tenn. (AP) – Bill Haslam and Zach Wamp are drawing on the help of some prominent friends as they hit the trail for the last days of the Republican gubernatorial campaign in Tennessee.

Tenn. Prisons to Use Dogs to Find Contraband Cell Phones

NASHVILLE (AP) – The Tennessee prison system is turning to man's best friend for some help sniffing out mobile phones that have been smuggled in to inmates.

REAL ESTATE

June Construction Activity Rises 0.1 Percent

WASHINGTON (AP) – Construction spending edged up in June but all the strength came from the government. Private sector activity in both housing and nonresidential projects fell.

NATIONAL BUSINESS

Manufacturing Grows for 12th Straight Month

WASHINGTON (AP) – U.S. manufacturing grew for a 12th straight month in July, providing a boost to the slowing economic recovery. And many manufacturers said they are willing to hire, a sign that the industry could help ease the nation’s high unemployment rate in the months ahead.

Freddie Mac Names Chief Administrative Officer

MCLEAN, Va. (AP) – Freddie Mac on Monday named a company insider, Jerry Weiss, to its newly created position of chief administrative officer.

Nucor Spends $680,000 on Q2 Gov't Lobbying

WASHINGTON (AP)Nucor Corp. spent $680,000 in the second quarter to lobby Congress on legislation related to fair trade, energy and steel for military use, according to a recent disclosure report.

NATIONAL POLITICS

Geithner Pledges Quick Action on Financial Rules

WASHINGTON (AP) – Treasury Secretary Timothy Geithner says the Obama administration will move quickly to implement new financial regulations while eliminating those that are outdated.

Treasury: 5.6M Hires Qualify for New Tax Break

WASHINGTON (AP) – Businesses have hired 5.6 million workers under a new program that provides tax breaks for hiring unemployed workers, the Treasury Department said Monday.

Fed Chief Sees Long Road Back to Economic Health

WASHINGTON (AP) – The nation faces a long road to get back to good economic health, Federal Reserve Chairman Ben Bernanke said Monday.

Administration Sees $8B Medicare Savings in 2011

WASHINGTON (AP) – The new health overhaul law is starting to produce savings for Medicare and will eventually add more than a decade of solvency to the program's trust fund, the Obama administration said in an upbeat report released Monday.

US Says It's Committed to Cutting Greenhouse Gases

AMSTERDAM (AP) – The United States assured international negotiators Monday it remains committed to reducing carbon emissions over the next 10 years, despite the collapse of efforts to legislate a climate bill.

GOP Looks to Erase Democrats' Comfy House Majority

WASHINGTON (AP) – No fewer than 65 House seats across the country – an overwhelming majority held by Democrats – are at risk of changing political hands this fall, enough to bolster Republican hopes of regaining power and stoke fears in President Barack Obama's party of losing it.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 77 77 11,602
MORTGAGES 79 79 13,506
FORECLOSURE NOTICES 0 0 1,858
BUILDING PERMITS 96 96 24,260
BANKRUPTCIES 53 53 7,526
BUSINESS LICENSES 31 31 3,943
UTILITY CONNECTIONS 49 49 4,730
MARRIAGE LICENSES 20 20 2,564

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