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VOL. 123 | NO. 177 | Wednesday, September 10, 2008

Deutsche Bank Leads Home Seller List

Deutsche Bank National Trust Co. in August retained its spot as the top seller of homes in Shelby County in terms of dollar amount, marking the seventh month out of eight this year that the New York-based trust company ranked No. 1, according to the latest residential sellers report from real estate information company Chandler Reports, www.chandlerreports.com.

Lawsuits Could Force Hospitals To Disclose Doctors’ Status

Two recent Tennessee Supreme Court cases could affect the way local hospitals handle their admissions procedures, said local attorney Barry Shanker of Bass, Berry & Sims PLC.

New CEO Talks Up First Horizon

Bryan Jordan, the new CEO of First Horizon National Corp., was in New York Tuesday, busy with a task he also tackled at the end of his first week in the CEO’s chair Friday.

Malone Emphasizes School Funding As Top Issue

Deidre Malone began her one-year term as chair of the Shelby County Board of Commissioners this week with an emphasis on a familiar issue – education funding.

Fed Auctions $25B in Loans to Banks

WASHINGTON (AP) – The Federal Reserve has auctioned another $25 billion in loans to squeezed banks to help them overcome credit problems.

Local Weather
Currently
Memphis, TN
88.0°F
Partly Cloudy
Wind: from the West at 11.5 gusting to 19.6 mph
Humidity: 50%

EVENTS

Talk Shoppe will present “How to Buy and Sell 108 Investment Properties in 180 Days” 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 759-7808.

more events »

Congress Weighs Fate of Fannie, Freddie

WASHINGTON (AP) – Treasury Secretary Henry Paulson said Congress should view the next few months as a “time out” in the highly charged debate over what to do with mortgage giants Fannie Mae and Freddie Mac.

Simpson Joins FirstBank As Local President

Ted Simpson has been hired by FirstBank as its Memphis city president.

Estimates Say Fed Budget Deficit Nearing $407B

WASHINGTON (AP) - The federal government will run a near-record deficit of $407 billion this year, according to the latest Capitol Hill estimates.

Feds Warns Ford Owners about Recalled Vehicles

WASHINGTON (AP) - The government is urging owners of 5 million recalled Ford vehicles to bring them to dealerships to repair a cruise control switch system that has been tied to engine fires.

Tobacco Bill Unlikely to Pass This Year

WASHINGTON (AP) - Landmark legislation that would give federal health authorities the power to regulate the tobacco industry is unlikely to pass this year.

Gannett Eliminating 100 Management Jobs at Papers

NEW YORK (AP) - Gannett Co. is eliminating about 100 management jobs at its newspapers across the country on top of about 1,000 job cuts, including 600 layoffs, announced last month.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 29 82 1,716
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

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