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VOL. 123 | NO. 178 | Thursday, September 11, 2008

County Foreclosure Rate Declines in August

Before Steve Lockwood even heard the latest numbers, he had a “gut feeling” the foreclosure rate was declining in Frayser and Raleigh, the two communities he serves as executive director of the Frayser Community Development Corp.

Farris Bobango Branan Looks Ahead

The law firm formerly known as Farris Matthews Branan Bobango Hellen & Dunlap PLC recently shortened its name to Farris Bobango Branan PLC and implemented a new plan of growth.

City Schools, Council Sign Off on Funding

Memphis City Schools leaders formally did this week what they already informally had done last week. They accepted the funding compromise offered by the Memphis City Council for the current fiscal year. But they threw in a surprise that council members made sure was not overlooked before both sides made it official.

Neglected Apartments Continue to Crumble

There are no windows or doors on any of the apartments in the 394-unit Marina Cove complex that sits abandoned off Winchester Avenue.

Democrats Push For Second Stimulus

WASHINGTON (AP) – With the economy the No. 1 issue just eight weeks from Election Day, majority-party Democrats are trying to push a second stimulus package through Congress to follow the tax rebate checks sent out earlier this year.

Local Weather
Memphis, TN
Wind: from the Southwest at 12.7 gusting to 23.0 mph
Humidity: 76%


The Memphis Investors Group will meet today at 7 p.m. in the Great Hall of the Germantown Athletic Club, 1801 Exeter Road. A panel of local real estate investors will hold a question-and-answer session. The event is free for first-time visitors and members. Cost is $20 for repeat visitors. Prior to the panel discussion, several early-bird sessions will begin at 6 p.m.

more events »

Reafsnyder Retires From Basketball For Legal Career in Memphis

Joseph B. Reafsnyder, a recent cum laude graduate of the University of Memphis Cecil C. Humphrey’s School of Law, has joined Wyatt, Tarrant & Combs LLP as an associate. Reafsnyder will practice in commercial litigation and commercial real estate development. He formerly clerked for U.S. District Judge Jon P. McCalla.

Small Businesses Face Two Retirement Plan Deadlines

NEW YORK (AP) - Small business owners who are thinking about setting up retirement plans for their employees should be aware that there are two important deadlines coming up in October that affect the plans known as SIMPLEs and SEPs.

Northwest Cargo Unit to Cut Fuel Surcharges

EAGAN, Minn. (AP) - Northwest Airlines Corp. said Monday its cargo unit will cut fuel surcharges in certain markets because of a recent decline in the price of jet fuel.

Exec: American's US Capacity Reductions Permanent

FORT WORTH, Texas (AP) - Despite the big drop in fuel prices over the last two months, domestic capacity reductions American Airlines has been making are permanent, Chief Financial Officer Tom Horton said Tuesday as he also suggested that the industry could see more consolidation in the future.

Judge Says Part of Bankruptcy Law Unconstitutional

NEW HAVEN, Conn. (AP) - A federal judge Tuesday partially blocked one element of the nation's recently overhauled bankruptcy law, saying that a provision restricting the advice lawyers can give is unconstitutional.

Shelby Considers Advertising on County Property

MEMPHIS, Tenn. (AP) - Officials in Memphis are considering a new way to raise money: selling advertising space on county vehicles and other public property.

White Supremacists to Hold Conference in Memphis

MEMPHIS, Tenn. (AP) - White supremacists are scheduled to hold a conference this fall in Memphis.

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PROPERTY SALES 81 390 4,279
MORTGAGES 88 452 5,128
BUILDING PERMITS 174 875 9,136
BANKRUPTCIES 46 222 3,246

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