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VOL. 122 | NO. 175 | Monday, September 17, 2007

Insulated Industry

Medical firms could weather poor economy

In a sluggish economy replete with residential housing woes, it's easy to see how real estate and its peripheral industries can suffer.

Coors Brewing Disputes Tax Assessments

Commenting on the sale of Coors Brewing Co.'s Memphis plant to an employee-led group of investors in 2006, company president and CEO Leo Kiely reportedly called the transaction the most important milestone in a companywide cost-savings effort.

Workplace Essentials Combines Practical Office Furniture With Eye for Design

John Warren is one small-business owner who has been busy lately. But it's not something he complains about. Warren has been busy opening the second location for what started out as his one-man venture, Workplace Essentials.

On the Market

New UNDC Director Aims High for University Neighborhood

The University of Memphis area revitalization effort took a big step forward last month with the addition of its first full-time staff member.

Local Weather
Currently
Memphis, TN
39.0°F
Partly Cloudy
Wind: South at 4.6 mph
Humidity: 70%

EVENTS

Rhodes College will host Dr. Mark Smith, the Skirball Professor of Hebrew and Ancient Near Eastern Studies at New York University, today at 7:30 p.m. in the McCallum Ballroom of the Bryan Campus Life Center. Smith will present "The Origins of Monotheism." This event is free and open to the public. For more information, call 843-3888.

more events »

New Board to Oversee Adult Businesses

The new ordinance taking the booze out of the city's strip clubs promises to fundamentally change the way clubs and other sexually oriented businesses have to operate. And the city's Alcohol Commission appears to be out of the business of regulating the clubs as the ordinance does not allow for alcohol sales or consumption on the premises.

Rates on 30-Year Mortgages Drop to the Lowest Point in 4 Months

WASHINGTON (AP) - Rates on 30-year mortgages dropped last week to the lowest point in four months, providing some relief for people hoping to refinance their existing mortgages.

Retail Sales and Industrial Production Post Modest Increases in August

WASHINGTON (AP) - Retail sales posted a modest gain in August, helped by the biggest jump in auto sales in more than a year. But there are concerns that spending could falter as the steep slump in housing and financial market turbulence weigh on consumer confidence.

Countrywide Financial Boosts Borrowing Capacity by $12 Billion

CALABASAS, Calif. (AP) - Countrywide Financial Corp. boosted its borrowing capacity by $12 billion as the mortgage lender struggles to weather the slowdown in the housing market, the company said Thursday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 82 82 19,655
MORTGAGES 75 75 22,989
FORECLOSURE NOTICES 0 0 8,305
BUILDING PERMITS 138 138 40,167
BANKRUPTCIES 71 71 13,175
BUSINESS LICENSES 9 9 6,146
UTILITY CONNECTIONS 0 0 12,996
MARRIAGE LICENSES 30 30 4,872

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