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VOL. 124 | NO. 184 | Friday, September 18, 2009

Barber & Tompkins Both Elected to Lakeland Commission

Brooks and Thompson Win In Arlington

Voters in Arlington and Lakeland settled three political contests at the polls Thursday.

Malone Gears Up for County Mayor Run

Shelby County Commissioner Deidre Malone stood under a carport in Orange Mound earlier this week and kicked off her campaign for Shelby County mayor in 2010.

FedEx Q1 Profit Falls, Sees Improving Economy

NEW YORK (AP)FedEx Corp. reported Thursday it sees signs of improvement in the global economy as international shipments pick up, but

Memphis Company’s Green Efforts Help Rebuild Kansas Town

In May 2007, a tornado ripped through the tiny Midwestern farming town of Greensburg, Kan., killing 11 people and leveling most of the city’s buildings.

Park Tower Sold; New Owners Plan Upgrades

Memphis Medical Redevelopment Group LLC bought the structure from Park Tower LLC for nearly $1.7 million, according to The Daily News Online, www.memphisdailynews.com.

Local Weather
Currently
Memphis, TN
82.0°F
Partly Cloudy
Wind: South at 4.6 mph
Humidity: 79%

EVENTS

Methodist University Hospital will sponsor a pre-hospital-care stroke symposium today at 8:15 a.m. at the FedEx Institute of Technology, 3720 Alumni Ave. The symposium for EMTs, paramedics, emergency responders and hospital staff is free, but preregistration is required. For more information, call 1-888-777-5959.

more events »

Bond Issuance Approved for Airport Garage

Plans for a new parking garage and rental car facility at Memphis International Airport took a step forward Thursday when the airport’s board of commissioners approved a resolution to issue bonds for the building, one of the largest individual projects in the airport’s history.

Steorts, Visible School Expand Ministry to Downtown

Ken Steorts, the founder of the Visible School, is in the final stretch toward an Oct. 30 closing date to buy an architectural landmark so he can bring the college Downtown.

STATEWIDE

Tennessee’s Aug. Unemployment Slightly Up

The Tennessee Department of Labor and Workforce Development Thursday reported the state’s unemployment rate for August was 10.8 percent, up 0.1 percentage point from the July rate of 10.7 percent.

Former Tenn. House Leader, Once Elected in Prison, Dies

NASHVILLE, Tenn. (AP) - Former state House Majority Leader Tommy Burnett, whose political career survived his first federal conviction but not his second, has died. He was 67.

NATIONAL BUSINESS

Housing, Jobless Data Point To Fragile Recovery

WASHINGTON (AP) – Housing construction rose in August and the number of newly laid-off workers seeking unemployment aid fell unexpectedly last week, adding to signs the recession has ended.

Gov't Helps Keep Loans Cheap – If You Can Get One

NEW YORK (AP) - It's a good time to borrow money for a home, car or small business.

Housing Construction up, But Picture is Mixed

WASHINGTON (AP) - Housing construction rose in August, but the results were mixed, with the large single-family sector falling for the first time in six months.

American Airlines Parent Gets $2.9B, Shifts Routes

ATLANTA (AP) - American Airlines' parent company said Thursday it is taking on significant new debt at a time when revenues are being hammered, but the $2.9 billion in cash and fresh financing it raised should quiet concerns – for now – that it is in danger of a cash crunch and a bankruptcy filing.

Merck, British Charity to Jointly Develop Vaccines

TRENTON, N.J. (AP) - Drugmaker Merck & Co. and Britain's largest charity, the Wellcome Trust, said Thursday they are starting a not-for-profit partnership to create affordable vaccines against diseases common in poor countries.

Madoff's NY Beach Home Sells for More than $8.75M

NEW YORK (AP) - It boasts ocean views, an infamous former owner – and now a buyer willing to pay more than $8.75 million.

NATIONAL POLITICS

Panel Begins Inquiry into Financial Meltdown

WASHINGTON (AP) - The chairman of a new congressionally appointed panel on Thursday pledged to deliver a no-holds barred investigation into last year's devastating economic collapse, including whether big financial firms and their government regulators were guilty of criminal misconduct.

House Bill Would Boost Pell Grants

WASHINGTON (AP) - The House has voted in favor of the biggest overhaul of college aid programs since their creation in the 1960s – a bill to oust private lenders from the student loan business and put the government in charge.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
FORECLOSURE NOTICES 19 63 2,202
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926
BUSINESS LICENSES 23 136 4,701
UTILITY CONNECTIONS 23 141 5,534
MARRIAGE LICENSES 15 88 2,982

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