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VOL. 125 | NO. 185 | Thursday, September 23, 2010

Trustmark, Cadence Banks Merging

Two Mid-South banks – Trustmark Corp. and Cadence Financial Corp., each with a handful of branches in Shelby County – announced the signing of a merger agreement Wednesday afternoon.

River Revival

Annual Wolf River Day celebrates conservation

Nature enthusiasts and conservation supporters are getting set for the second annual Wolf River Day exposition Saturday at the Vollintine-Evergreen Greenline, 620 N. Avalon St., in Midtown.

Saint Francis Expansion Timeline, Contractor Revealed

Saint Francis Hospital-Bartlett broke ground Thursday morning for a $34 million expansion – the latest in a series of big hospital projects throughout the Mid-South.

Docs Leave UTMG for Le Bonheur Partnership

More than 100 pediatricians will be leaving UT Medical Group Inc. to join a new physician partnership formed by Le Bonheur Children’s Hospital and the University of Tennessee Health Science Center.

Commission: Read the Charter and Vote

Both sides in the consolidation debate are urging citizens to read the proposed metro charter and vote.

Local Weather
Currently
Memphis, TN
79.0°F
Partly Cloudy
Wind: Southeast at 10.4 mph
Humidity: 56%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop Thursday from 8:30 a.m. to noon at its office, 5100 Poplar Ave., suite 502. Daniel Moore, audit manager at Watkins Uiberall PLLC, will speak on the topic “Understanding Nonprofit Accounting.” Cost is $60 for members, $110 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 »

Baltimore’s Wells Fargo Suit Could Affect Memphis

Lawyers for the city of Baltimore are preparing to reload in their two-year court fight against Wells Fargo over its lending practices in the city.

Survey Shows Potential of Social Media

A new survey of communications professionals from across Tennessee indicates social media’s significance as a communications tool for businesses and organizations, yet the uncertainty factor leaves a gap between the potential and the mechanics of social media.

Hard Work Key to Success for Glankler’s Blaylock

Memphis attorney David Blaylock of Glankler Brown PLLC finds himself listed in many national publications as one of the best bankruptcy lawyers in the country. When you have practiced law since 1964 in Shelby County, name recognition will follow.

401(k) and IRA Plans: Proof Is in the Judgment

Ray’s Take: You know the importance of investing in 401(k), IRA and other tax-qualified investment plans. The more you save for retirement earlier, the more options you’ll have later. Plus, you get the immediate tax savings on 401(k) deposits and money saved in traditional IRAs.

NATIONAL POLITICS

Financial Bailout Chief Announces Resignation

WASHINGTON (AP) – Herb Allison, the head of the government’s $700 billion financial bailout program, announced on Wednesday that he would resign. He is the latest in a series of departures from President Barack Obama’s economic team.

Obama Aide's Exit Could be Prelude to More Changes

WASHINGTON (AP) – The departure of President Barack Obama's top economic adviser at the end of the year could provide the White House with an opportunity to revamp its economic team after the November elections, when voters are expected to take out their anxieties on Democrats.

Geithner Paises New Global Capital Standards

WASHINGTON (AP) – Treasury Secretary Timothy Geithner says that U.S. banks are in a good position to meet new global capital standards because of the stress tests conducted in the United States last year.

Obama, White House Boosting Health Law at 6 Months

FALLS CHURCH, Va. (AP) – President Barack Obama sought Wednesday to reintroduce his signature health care bill to skeptical voters who don’t like or understand it six months after it became law.

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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.