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VOL. 126 | NO. 180 | Thursday, September 15, 2011

Feds Seek Anonymous Jury in Drug Case

Federal prosecutors want an “anonymous jury” for the trial next year of four men accused of being contract killers for the largest drug ring ever tried in U.S. District Court for the Western District of Tennessee in Memphis.

Building Momentum

New home permits improve 21.7 percent in August

Local homebuilders were busy in August, filing more permits than the same month a year ago.

Wright Medical Cutting About 80 Employees

Arlington-based Wright Medical Group Inc. plans to cut its workforce by 6 percent, or about 80 employees.

Orgs Discuss Power Of Women In Business

The U.S. has more than 7 million women-owned businesses, representing 28 percent of firms nationwide.

Arlington, Lakeland Residents Head to Polls

The race for mayor of Arlington intensified via Facebook in the gap between early voting and Election Day.

Local Weather
Currently
Memphis, TN
94.0°F
Mostly Cloudy
Wind: North at 9.2 mph
Humidity: 46%

EVENTS

The Daily News will hold a Social Media seminar Thursday, Sept. 15, from 3:30 p.m. to 5 p.m. in the auditorium at the Memphis Brooks Museum of Art, 1934 Poplar Ave. The seminar will feature a discussion about corporate blogging with Mark W. Schaefer, executive director of Schaefer Marketing Solutions and author of the blog {grow}. The event will also include a panel of industry experts. Cost is $25. To register, visit www.memphisdailynews.com/seminar.

more events »

Sokolov Joins Bass Berry In Securities Practice

One of the newest additions to the Memphis office of Bass, Berry & Sims PLC is an associate specializing in securities work who’s also fluent in Spanish and Serbian and is an avid traveler and runner.

LOCAL COLUMNISTS

Getting Rich Is Not a Goal

Ray’s Take: I constantly preach about the importance of saving, but it’s not just about accumulating wealth. One should always have specific, quantifiable goals in mind and a plan for reaching those goals. And, getting rich is simply not a goal.

Whether You Win – Part 2

Success is never inevitable, right? You can’t win ‘em all. Last week we looked at lost-phrases. This week the focus is on winning. Or won-phrases, anyway.

STATEWIDE

Challenger: 'Tea Party Fervor' to Oust Sen. Corker

NASHVILLE (AP) – Hendersonville technology consultant Zach Poskevich says he will capitalize on "tea party fervor" in challenging U.S. Sen. Bob Corker in the next year's Republican primary.

Former CFO of 'Green' Group Pleads Guilty to Fraud

NASHVILLE (AP) – The former chief financial officer of a Knoxville nonprofit group that promotes energy from renewable sources has pleaded guilty to skimming federal funds.

Ky.-Tenn. River Port Development Eyed

UNION CITY, Tenn. (AP) – The new project coordinator for the Ken-Tenn Regional Alliance Development Corp. says he will focus on three river ports in the five-county area.

NATIONAL BUSINESS

Retail Sales Flat in August, Auto Demand Down

WASHINGTON (AP) – Consumers spent less on autos, clothing and furniture to leave retail sales unchanged in August.

Wal-Mart Launches Initiatives to Support Women

NEW YORK (AP) Wal-Mart Stores Inc., the world's largest retailer, is launching measures Wednesday that it says will help out women around the world in the next five years.

Investors Exit Stock and Bond Funds in August

BOSTON (AP) – Investors sought refuge from the market's volatility in August, withdrawing money from stock mutual funds and bond funds alike. The retreat from stock funds was unusually heavy for the third consecutive month, marking a renewed aversion to risk.

Business Inventories and Sales Rose in July

WASHINGTON (AP) — Businesses added to their stockpiles in July for a 19th straight month and their sales increased by the most since March.

UAW, Automakers Continue Talks as Deadline Nears

DETROIT (AP) – United Auto Workers negotiators say they made progress with General Motors Co. during contract talks Tuesday night, but both sides are quickly approaching a deadline to reach new deals with GM and Chrysler Group LLC.

Vanguard to Offer 401(k) Services to Small Firms

NEW YORK (AP) – Investment manager Vanguard said Wednesday that it plans to offer a 401(k) plan service for small businesses.

UPS Unveils New Service to Avoid Missed Deliveries

NEW YORK (AP) – Sorry we missed you? UPS is unveiling a delivery-notification service aimed at not missing you at all.

Yahoo Co-Founder Urged to Help Oust Chairman

SAN FRANCISCO (AP) – A major Yahoo Inc. shareholder is recruiting company co-founder Jerry Yang to join a crusade to oust Chairman Roy Bostock amid the upheaval triggered by the recent firing of CEO Carol Bartz.

EBay Targets Mobile Users, Hoping to Seem Hip

SAN JOSE, Calif. (AP) – EBay's name is synonymous with auctions, but that's created an image problem for the online marketplace.

NATIONAL POLITICS

In Political Vote, House GOP Opposes New Borrowing

WASHINGTON (AP) – The Republican-run House has weighed in against raising the government's borrowing limit by $500 billion, but the vote was really just a political show.

Manufacturers Lobby Against Deeper Defense Cuts

WASHINGTON (AP) – Military spending has been "cut to the bone" and deeper reductions could cost the nation tens of thousands of defense jobs, a coalition of manufacturers warned Wednesday in pleading for a special deficit-reduction committee to spare Pentagon budgets.

Obama Touts Jobs Bill Benefits for Small Business

RALEIGH, N.C. (AP) – President Barack Obama urged enthusiastic college students Wednesday to join him in his fight to get Congress to act on his new jobs bill. "Every single one of you can help make this bill a reality," the president called out at a hot and noisy rally at North Carolina State University.

Liberals Would Raise Social Security Tax for Rich

WASHINGTON (AP) – Nervous that Social Security seems under siege from all sides, congressional liberals on Wednesday proposed raising the payroll tax that funds the program, but only for people earning more than $250,000 a year.

Senate Procedural Snarl Could Shut Down FAA Again

WASHINGTON (AP) – A procedural snarl and a single senator's objections could force another partial shutdown of the Federal Aviation Administration.

HEALTH CARE

Unusual Coalition Boosts Health Overhaul

WASHINGTON (AP) – Betting that President Barack Obama's health care overhaul withstands lawsuits and a Republican repeal drive, an unusual alliance of industry, health care and consumer groups Wednesday launched a campaign to lay the groundwork for signing up uninsured Americans.

Biden Announces Initiative to Cut Medicaid Waste

WASHINGTON (AP) – Vice President Joe Biden has a new initiative to fight waste in Medicaid that he says should save taxpayers $2 billion.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 96 173 11,698
MORTGAGES 95 174 13,601
FORECLOSURE NOTICES 19 19 1,877
BUILDING PERMITS 291 387 24,551
BANKRUPTCIES 65 118 7,591
BUSINESS LICENSES 29 60 3,972
UTILITY CONNECTIONS 35 84 4,765
MARRIAGE LICENSES 18 38 2,582

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