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VOL. 124 | NO. 186 | Tuesday, September 22, 2009

City Gives Second Thought to Lee Settlement

Shortly before Memphis Mayor Willie Herenton retired in July, the city paid more than $426,000 to settle a lawsuit with the former head of the city-owned utility company.

Affordable Housing Complex to Get Makeover

Memphis-based ALCO Management Inc. is on the verge of buying Saints Court apartments at 1032 N. Watkins St. in North Memphis with plans to renovate the 52-year-old multifamily complex.

New Leaders Work to Reinvigorate Downtown Neighborhood Association

New leadership within the Downtown Neighborhood Association has increased membership by 20 percent over the past two months as the organization rebuilds from a period of turmoil.

Le Bonheur Files Permit For FedExFamilyHouse

918 Poplar Ave., Memphis, TN 38105, Permit Amount: $5.2 Million -
Le Bonheur Children’s Medical Center last week filed a $5.2 million permit with the city-county Office of Construction Code Enforcement to build FedExFamilyHouse, a housing facility for families of Le Bonheur patients. The house, whose address will be 918 Poplar Ave., will have 24 suites, dining facilities, recreational spaces, a business center and other amenities designed for families.

Local Weather
Currently
Memphis, TN
70.0°F
Fair
Wind: Calm mph
Humidity: 87%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop today from 8:30 a.m. to noon at its office, 5100 Poplar Ave., Suite 502. Melissa Hanson, director of grants and research at Christian Brothers University, will be the facilitator. Cost is $65 for members, $125 for nonmembers and $55 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

REGIONAL

Miss. Gov't Job Applications Going Electronic Only

JACKSON, Miss. (AP) - People seeking state government jobs in Mississippi will have to fill out applications on computers starting in January.

Ark. Appeals Courts Shun Paper

LITTLE ROCK, Ark. (AP) - Official versions of opinions from the Arkansas Supreme Court and the state Court of Appeals are now being published electronically and no longer in bound paper volumes.

Lottery Vendors Revving Up for Start of Ark. Games

PINE BLUFF, Ark. (AP) - Arkansas Lottery officials are working to get employees at convenience stores and other outlets ready for the games, all of which should be up and running within about six weeks.

NATIONAL BUSINESS

Leading Economic Indicators Rise in August

NEW YORK (AP) – A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended. The New York-based Conference Board’s leading indicators point to an economy on solid ground early next year, though some analysts caution that a rising unemployment rate will restrain growth.

US Extends Amnesty Program for Tax Cheats

WASHINGTON (AP) - Procrastinating tax cheats will get a few extra weeks to apply for an amnesty program that has been flooded with applications from people who hid assets overseas.

AIG Shares Jump after Talk of Bailout Revamp

WASHINGTON (AP) - Shares of American International Group Inc. jumped more than 20 percent Monday after the head of the House Committee on Oversight and Government Reform said that panel will examine a plan to reduce the company's massive bailout package.

GlaxoSmithKline Changes Doctor Training Policy

TRENTON, N.J. (AP) - British drugmaker GlaxoSmithKline PLC said Monday it is making major changes in its funding of educational programs for doctors, reducing the number it sponsors and switching its focus to independent ones with balanced information.

NATIONAL POLITICS

Senate Bill Could Weaken the Fed

WASHINGTON (AP) - Consensus is building in the Senate for legislation that would significantly weaken the Federal Reserve by stripping its power to oversee banks and hand that job to a single federal bank regulator.

FCC Chairman Says 'Open Internet' Rules are Vital

NEW YORK (AP) - Wireless carriers shouldn't be allowed to block certain types of Internet traffic flowing over their networks, the chairman of the Federal Communications Commission chairman said Monday in a speech that drew a cool response from the industry.

Gov't Investigates Health Insurance Company Mailer

WASHINGTON (AP) - The government is investigating a major insurance company for allegedly trying to scare seniors with a mailer warning they could lose important benefits under health care legislation in Congress.

House Moves to Extend Unemployment Benefits

WASHINGTON (AP) - Despite predictions the Great Recession is running out of steam, the House is taking up emergency legislation this week to help the millions of Americans who see no immediate end to their economic miseries.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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