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VOL. 129 | NO. 176 | Wednesday, September 10, 2014

Shelby County Mortgage Market Down 19 Percent in August

BankTennessee president and CEO Jim Rout sees new home sales and resales “fairly steady” at the moment.

Road Show

Memphis Grizzlies take grit-n-grind caravan to region

In about a week the Grizzlies’ Quincy Pondexter will deliver the ceremonial first pitch before a St. Louis Cardinals game at Busch Stadium.

‘Love Mob’ Responds to Poplar Plaza Attack

The amount of traffic that comes through the intersection of Highland Street and Poplar Avenue has made it a favorite of causes through the years – from war protestors and advocates to those on both sides of the death penalty, and, more recently, city employees upset over benefit changes.

Sara Kyle Claims Democratic Senate Nomination

Tennessee Democratic Party chairman Roy Herron came to Memphis Monday, Sept. 8, armed with 77 Bible verses on unity to use as Shelby County Democrats gathered to pick their nominee in a November special general election for state Senate District 30.

Dollar General Goes Hostile in Bid for Rival

Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers.

Local Weather
Currently
Memphis, TN
44.0°F
Fair
Wind: Northeast at 4.6 mph
Humidity: 47%

EVENTS

Christian Brothers High School will dedicate McEniry Hall, its new science, technology, engineering, math and medicine (STEMM) building, Wednesday, Sept. 10, at 11 a.m. on its campus, 5900 Walnut Grove Road. The new building houses a CBHS-Christian Brothers University dual-enrollment program that offers college classes and credits to CBHS students. Call 261-4942 .

more events »

Ford Chairmanship Continues Commission Tumult

The Democratic Shelby County commissioner considered a swing vote on controversial items during his first term on the commission won the chairmanship of the body Monday, Sept. 8, for the next year in a decidedly non-party line vote – at least in terms of those in his own party voting for him.

City Leaders Face Mixed Reaction to Poplar Plaza Attack

Memphis police had arrested and charged 11 juveniles by the end of the day Monday, Sept. 8, in the mob attack Saturday at the Poplar Plaza shopping center.

NEWSMAKERS

Lee Joins MOGA’s DeSoto Office

Dr. Daniel Lee has joined the DeSoto office of Memphis Obstetrics & Gynecological Association PC. Lee provides comprehensive women’s health services, including office gynecology, obstetrics and surgical management, to women of all ages.

LOCAL COLUMNISTS

Three Secrets to Closing More Business

Considering how hard salespeople have to work to land a meeting with a prospective customer, it’s surprising how little effort is typically put into the follow-up with that prospect after the meeting. The result is a lost opportunity and the need to work harder than necessary to meet sales targets.

STATEWIDE

Governor Gets Report on Tennessee Juvenile Jails

NASHVILLE, Tenn. (AP) – A security audit will be performed on all three of the state's youth development centers after a recent breakout and violence at the facility in Middle Tennessee, according to a preliminary report sent to the governor.

NATIONAL BUSINESS

College Savings on the Rise as Plans Average $20,000

WASHINGTON (AP) – The good news is that Americans are saving more than ever for college. The bad news is that the average amount wouldn't come close to getting a person a degree.

Late-Payment Rate on Auto Loans Rose in 2nd Quarter

As U.S. sales of cars and trucks have grown this year, so has the late-payment rate on auto loans.

Home Depot Confirms Breach in US, Canada Stores

NEW YORK (AP) – Shares of Home Depot sank before the opening bell Tuesday after confirming that its payment systems had been hacked, potentially exposing millions of shoppers who used credit and debit cards at its more than 2,000 U.S. and Canadian stores.

American Recovery Drives the Dollar Sharply Higher

NEW YORK (AP) – In the world of currencies, the dollar is starting to look like a safe home in a tough neighborhood.

NATIONAL GOVERNMENT

Watchdog: VA Managers Lied About Delays

WASHINGTON (AP) – Managers at more than a dozen Veterans Affairs medical facilities lied to investigators about scheduling practices and other issues, the department's inspector general said Tuesday.

TECHNOLOGY

Apple Reveals Larger iPhones and Smartwatch

CUPERTINO, Calif. (AP) – For the first time in years, Apple's iPhones weren't the star of the show. Apple unveiled a smartwatch on Tuesday, a wearable device that marks the company's first major entry in a new product category since the iPad's debut in 2010.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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