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VOL. 124 | NO. 151 | Tuesday, August 4, 2009

UPDATE: Council Vote On City Attorney Delayed

Lowery and Jefferson Question Each Other's Motives

Memphis Mayor Myron Lowery today delayed a City Council vote on Veronica Coleman Davis as his nominee to be city attorney.

UPDATE: Oct. 15 New Special Election Date

The race for the rest of Willie Herenton’s term of office as mayor was already going to be a sprint. Today the campaign got 12 days shorter.

Teigland’s Family Sues for Malpractice

Cindy Teigland, the wife of late local meteorologist Brian Teigland, has filed a malpractice suit alleging Methodist Le Bonheur Healthcare, Methodist Le Bonheur Healthcare-Germantown and several individual doctors negligently caused the 2008 death of her husband.

New Mayor Lowery Braces for First Council Battle

Memphis Mayor Pro Tempore Myron Lowery goes to the City Council today with a new nominee for city attorney, former U.S. Attorney Veronica Coleman Davis, and lots of questions from some of his former council colleagues about his dismissal Friday of the old city attorney.

Open House Events Still Mainstay in Real Estate Biz

In this age of the Internet, when home shoppers can learn pretty much everything about a property at the click of a button, the concept of an open house might seem passé.

Local Weather
Memphis, TN
Thunderstorm Light Rain
Wind: South at 4.6 mph
Humidity: 97%


JMS Strategies will hold a business education and development series titled “The Compass Series” beginning today from 8:30 a.m. to 12:30 p.m. at Clark Tower, 5100 Poplar Ave., Suite 2700. Classes will be on the first Tuesday of each month through July. Tuition for the 12-class series is $2,080 per person. To register, call 786-3400 or visit www.jmsstrategies.com.

more events »

Halbert Declares Intention To Run for Mayor

Calling herself the change agent Memphis government is lacking, Memphis City Council member Wanda Halbert added her name Monday to the field of candidates running in the October special election to replace Willie Herenton.

Luminetx Competitor Agrees To License VeinViewer Patent

Memphis-based Luminetx Corp. and Accuvein LLC of Cold Spring Harbor, N.Y., announced Monday that they have reached a settlement agreement on a patent dispute.

Gardens of Germantown Secures Funding to Build Alzheimer’s Facility

3179 Professional Plaza, Germantown, TN 38138, Loan Amount: $8 Million, Loan Date: July 16, 2009 -
The developer of an Alzheimer’s facility called the Gardens of Germantown has filed an $8 million construction loan through Deutsche Bank Berkshire Mortgage Inc.

Nurse Wage-Fixing Suit Could Gain Traction From Similar Cases

Lawyers representing nurses against Memphis hospitals in an alleged wage-fixing conspiracy have gotten a class action certification for a sister lawsuit they filed in Albany, N.Y., and are also pointing to another ruling in a similar case from Arizona.

TVA: Less Electrical Use with Low Temps, Economy

NASHVILLE, Tenn. (AP) - Cooler temperatures and the economic downturn have reduced the demand for electricity from the Tennessee Valley Authority.

BofA Pays $33M SEC Fine Over Merrill Bonuses

WASHINGTON (AP) - Bank of America Corp. has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch's plans to pay bonuses to its executives, regulators said Monday.

MGM Moves to Q2 Loss On Charges, Less Gambling

LAS VEGAS (AP) – Casino operator MGM Mirage, which owns the Gold Strike casino in Tunica, lost $212.6 million in the second quarter this year as it recorded hefty impairment charges and consumers gambled less during the recession.

Groups for Better Pay, Perks at Wal-Mart to Merge

LITTLE ROCK, Ark. (AP) - Two union-backed groups announced Friday they are merging so they can consolidate their efforts to pressure Wal-Mart Stores Inc. to provide higher pay and better benefits.

Obama Officials: Taxes May Rise to Pay Health Care

WASHINGTON (AP) - Two of President Barack Obama's economic heavyweights said middle-class taxes might have to go up to pare budget deficits or to pay for the proposed overhaul of the nation's health care system.

Humana Q2 Profit Jumps 34 Percent as Premiums Rise

LOUISVILLE, Ky. (AP) - Health insurer Humana Inc. said Monday its second-quarter profit rose 34 percent on the strength its robust government business, led by Medicare Advantage offerings, easily offsetting a sluggish commercial segment hamstrung by the recession.

GM Buyout Offers Fall Short of Goal, Layoffs Loom

DETROIT (AP) - About 6,000 General Motors Co. blue-collar workers have taken the latest round of early retirement and buyout offers, but it fell short of the company's goal, meaning more layoffs are likely.

US Official: Clunker Car Deals Could End by Friday

WASHINGTON (AP) - The U.S. government's wildly popular "cash for clunkers" program, offering $4,500 rebates to customers who trade in gas guzzling vehicles, is likely to end Friday if the Senate does not approve $2 billion more for it, the White House says.

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Blog News, Training & Events
PROPERTY SALES 78 78 13,921
MORTGAGES 93 93 16,098
BUILDING PERMITS 242 242 28,995
BANKRUPTCIES 59 59 8,985

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