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VOL. 124 | NO. 152 | Wednesday, August 5, 2009

UPDATE: Evans Rules Lowery Needs Majority Council Vote To Oust Jefferson

Council Vote to Confirm Coleman-Davis Would Also Resolve Stand Off

Chancellor Walter Evans has ruled Memphis Mayor Myron Lowery did nothing wrong in his move to fire City Attorney Elbert Jefferson.

City Attorney Dispute Moves Into Chancery Court Today

Jefferson Predicts He Will Be Suspended By Lowery

A turbulent turn of office at City Hall moves into a courtroom two blocks away this afternoon.

Election Commission Sets Oct. 15 Date For Special Election

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

Recession Catches Up With Wright Medical

Arlington-based Wright Medical Group Inc. has revised its earnings outlook downward after reporting that overall sales of its orthopedic and biologics products for the second quarter were flat from the same period a year ago.

Stimulus Money To Return Foreclosures To Marketplace

Part of the latest dose of federal stimulus money to arrive in Shelby County predates the Obama administration.

Local Weather
Memphis, TN
Wind: West at 8.1 mph
Humidity: 77%


Talk Shoppe will present “Getting Started Right in Real Estate Investment” today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

CSG Still County’s Pension Adviser – for Now

Undaunted by possible regulatory action against its investment adviser, Shelby County’s retirement board rejected a proposal Tuesday that would have replaced Memphis-based Consulting Services Group as the county’s pension fund adviser.

FedEx Company Anticipates Recovery With Expansion

At a time when many companies are putting the brakes on large-scale projects, FedEx Global Supply Chain Services Inc. is undertaking a $1 million expansion and renovation of its warehouse at 5025 Tuggle Road in Oakhaven/Parkway Village, a facility it will fully occupy once the work is complete.

MERI Names Roberts Human Resources Coordinator

Nancy Roberts has joined the Medical Education & Research Institute (MERI) as human resources coordinator.

TN Study Finds DUI Offenders Have High Recidivism

NASHVILLE, Tenn. (AP) - A new study of crime statistics found that 21 percent of people arrested in Tennessee for driving under the influence were arrested again for the same crime within a five-year span.

Tenet Healthcare Confirms Q2 Results

DALLAS (AP) - Hospital operator Tenet Healthcare Corp. confirmed its second-quarter results Tuesday, matching a preview it gave a week earlier.

Former Southaven Court Clerk Facing Trial

SOUTHAVEN, Miss. (AP) - The trial for a former Southaven city employee accused of embezzlement while on the job has been delayed again.

Mortgage Aid Program Helping Fraction of Borrowers

WASHINGTON (AP) – The government’s $50 billion program to ease the foreclosure crisis is helping only a tiny fraction of struggling homeowners.

SEC Moving Toward Banning Flash Orders

NEW YORK (AP) - The U.S. Securities and Exchange Commission is moving toward banning a trading practice that gives some brokerages a split-second advantage in buying or selling stocks.

Battle Lines Set; Senate Readies Sotomayor Debate

WASHINGTON (AP) - The Senate's top Republican said Supreme Court nominee Sonia Sotomayor fails the test of impartiality despite her impressive background, while the leading Democrat defended her as a mainstream moderate, as the Senate prepared to debate the judge expected to be confirmed as the first Hispanic and third female justice.

White House Uses Web Against Drudge Attack

WASHINGTON (AP) - The White House is turning to the Internet to hit back at a Web posting that claims to show President Barack Obama explaining how his health care reform plans eventually would eliminate private insurance.

General Electric to Pay $50M in SEC Settlement

WASHINGTON (AP) - General Electric Co. will pay a $50 million civil penalty to settle charges filed by the U.S. Securities and Exchange Commission accusing the conglomerate of improper accounting in order to make its financial results appear more attractive to investors.

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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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