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VOL. 124 | NO. 179 | Friday, September 11, 2009

Gibbons Launches Investigation of City Attorney Jefferson

Shelby County Dist. Atty. Gen. Bill Gibbons has opened an investigation into the controversy surrounding embattled City Attorney Elbert Jefferson Jr.

Le Bonheur Setting Up Triage Tent for Large Influx of Flu Patients

So many children with symptoms of the flu are going to the emergency department at Le Bonheur Children’s Medical Center that the hospital will set up an air conditioned tent as a triage center.

IRS Could Take $14M Bite Out of Fedex

Stems from driver classifications

Memphis-based FedEx Corp. disclosed in a regulatory filing Friday morning that an audit team from the Internal Revenue Service is likely to assess $14 million in taxes and penalties against the package delivery giant. That¹s not counting interest.

What People Want

Beleaguered builders look to accommodate potential homebuyers

At one time, the quintessential image for the homebuilding industry was a busy job site where contractors and subcontractors worked on everything from a home’s framing to its plumbing, from its wiring to its roofing.

Diversified Interests Keep Commercial Builders Afloat

Fewer cranes. Fewer steel girders. Fewer concrete mixers.

Local Weather
Currently
Memphis, TN
36.0°F
Mostly Cloudy
Wind: South at 11.5 mph
Humidity: 70%

EVENTS

Dr. Adrian Blotner will present a seminar titled “Achieving Healthy Balance: Caring for Yourself & Those You Love” today at 7:30 a.m. at 6401 Poplar Ave., Suite 316. Cost is $30. For reservations, call 761-3255, Ext. 302, or e-mail adminassist@drblotner.com.

more events »

Mayor's Race Set at 25 Candidates

The Shelby County Election Commission has approved a field of 25 candidates for the Oct. 15 special election for Memphis mayor.

Pop Tunes Closes Stores

Poplar Tunes, a record store started in downtown Memphis in 1946, closed Thursday along with its sister stores, Pop Tunes. A sign at the flagship original store said a number of economic factors had “reduced the traditional record store to road kill with a slight pulse.”

Jefferson, Boyd in Council Crosshairs

A resolution will come before the Memphis City Council Tuesday authorizing Memphis Mayor Pro Tem Myron Lowery to immediately remove City Attorney Elbert Jefferson from office.

Morgan, Vintage Homes Stays on Top in Trying Times

Charles Morgan learned the homebuilding business from the ground up – literally.

Herenton Heats Up Young Republican Gathering

The cooks at Central BBQ on Summer Avenue provided the ribs and other entrees for a gathering of the Shelby County Young Republicans this week.

STATE LEGISLATURE

Kelsey's GOP Opponent Drops Bid for Tenn. Senate

NASHVILLE, Tenn. (AP) - State Rep. Brian Kelsey's only opponent in a Republican primary contest to fill a vacant Senate seat in suburban Memphis is dropping out of the race.

STATEWIDE

Approval Delayed For $40M Megasite In West Tennessee

NASHVILLE (AP) – State officials decided Thursday to delay the acquisition of $40 million worth of land for an industrial megasite in West Tennessee because they want a more detailed account of which specific land would be bought.

Marijuana Farming Rebounds in Economic Hard Times

BARBOURVILLE, Ken. (AP) - Machete-wielding police officers have hacked their way through billions of dollars worth of marijuana in America's top pot-growing states to stave off a bumper crop sprouting in the tough economy.

NATIONAL BUSINESS

Wal-Mart Names Scott Price CEO of Asian Operations

BENTONVILLE, Ark. (AP) - Wal-Mart Stores Inc., the world's largest retailer, said Thursday it named Scott Price as executive vice president, president and chief executive of Walmart Asia, effective Oct. 15.

Trade, Jobless Claims Figures Show Recession Fades

WASHINGTON (AP) – The U.S. trade deficit in July hit the highest level in six months as a record rise in imports outpaced a third straight increase in foreign demand for American products, according to government data released Thursday. Both gains provided more evidence the worst recession since the 1930s was losing its grip on the global economy.

Census: Uninsured Rises to 46.3 Million

WASHINGTON (AP) - The number of Americans without health insurance rose to 46.3 million last year as people began losing jobs and coverage in the current recession. The poverty rate hit 13.2 percent, an 11-year high.

Obama Speech Leaves Health Care Industry Uncertain

NEW YORK (AP) - Shares of health insurers wavered in premarket activity Thursday after President Barack Obama made clear he is sticking to his goal of health care reform in a televised speech to a joint session of Congress Wednesday night.

Congress Probing SEC's Madoff Failure

WASHINGTON (AP) - Congress is reopening its inquiry into the U.S. Securities and Exchange Commission's failure to detect the multibillion-dollar fraud conducted for more than a decade by Bernard Madoff, this time seeking answers from the agency watchdog and potential lessons for lawmakers in crafting new financial rules.

Money Market Fund Guarantee Program to End

WASHINGTON (AP) - The Obama administration said Thursday that a program used to guarantee as much as $3 trillion in money market mutual fund assets will end on schedule next week.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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