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VOL. 123 | NO. 183 | Thursday, September 18, 2008

Investor Backs Business To Benefit Artists

When Bob Compton met the daughter of a family friend last year who wowed him with an impromptu recitation of some of her poetry, it gave the Memphis venture capitalist an idea.

Settlement Funds To Honor Cauley

It was the kind of gathering you normally wouldn’t associate with the settlement of a class action case involving urethane.

Dentist Claims Device Enhances Athletic Performance

A local neuromuscular dentist has joined a network of more than 200 dentists nationwide who offer the Pure Power mouth guard, a device they claim can improve athletic performance.

Judge: No Depositions Of Other CEOs in Delta Suit

ATLANTA (AP) – A federal judge says a lawyer for 28 air travelers suing to block Delta Air Lines Inc.’s acquisition of Northwest Airlines Corp. cannot question the chief executives of four other major carriers about their views on airline industry consolidation.

Housing Construction Plummets 6.2 Percent in August

WASHINGTON (AP) – Construction of new homes and apartments fell to the lowest level in 17 years last month, showing the country is still gripped by a severe housing downturn that has triggered billions of dollars of losses and is reshaping the structure of U.S. finance.

Local Weather
Currently
Memphis, TN
75.0°F
Overcast
Wind: South at 10.4 mph
Humidity: 46%

EVENTS

The MemphisConnect Program will hold forums today from 8:30 a.m. to 10:30 p.m. at the Pavilion on the campus of St. Jude Children’s Research Hospital. The forums will allow newcomers to the Memphis marketplace to ease the transition into their new homes and jobs. All participants must R.S.V.P. to gain entrance onto St. Jude property. Those interested in attending should contact Didi Crandall at 527-4625, Ext. 10 or dcrandall@leadershipacademy.org.

more events »

Conley Brings Business Litigation, Health Services Focus to Baker Donelson

Craig C. Conley recently joined Baker, Donelson, Bearman, Caldwell & Berkowitz PC as of counsel.

Current US Account Trade Deficit Rises to $183.1B

WASHINGTON (AP) - The deficit in the broadest measure of American trade widened in the spring, reflecting a big jump in the country's foreign oil bill.

Shares of Morgan Stanley and Goldman Sachs Plunge

NEW YORK (AP) - Shares of Goldman Sachs and Morgan Stanley plunged on Wednesday, a sign that investors fear they can't survive in their present form as the last two major independent investment banks.

Source: Regulators Gauge Banks' Interest in WaMu

NEW YORK (AP) - The U.S. government has been reaching out to large banks in an effort to organize a buyout of the beleaguered Washington Mutual Inc., according to a person briefed on the talks between regulators and banks.

Applications to Refinance Home Mortgages Surge

NEW YORK (AP) - Homeowners rushed to take advantage of last week's drop in interest rates following the government's takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears over the eroding conditions in financial markets.

Stocks Tumble After Government Bailout of AIG

NEW YORK (AP) - Wall Street plunged again in a crisis of confidence Wednesday as anxieties about the financial system still ran high after the government's bailout of insurer American International Group Inc. The Dow Jones industrial average dropped about 340 points, and investors seeking the safety of hard assets and government debt sent gold, oil and short-term Treasurys soaring.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 41 215 12,248
MARRIAGE LICENSES 29 121 4,478

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