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VOL. 123 | NO. 189 | Friday, September 26, 2008

Mall Purchase Idea Spurs Further Debate

It would be called the Southeast Satellite Multiplex. The new name is not as snappy as Hickory Ridge Mall, but it does fit the government facility the Herenton administration proposes to retrofit into the mall severely damaged by a tornado in February.

Goodlett Commons Picks Up Big-Name Tenants

Goodlett Commons, the retail center that will reintroduce Dunkin’ Donuts to the Memphis market, officially is under way and its developer has announced another national name for the 12,600-square-foot building at the corner of Whitten Road and Goodlett Farms Parkway.

ANE, CBU Introduce Certificate Program

The Alliance for Nonprofit Excellence has taken another step to offer local nonprofit executives a way to strengthen their capabilities.

Financial Bailout Agreement Reached

WASHINGTON (AP) – Warned of a possible financial panic, key Republicans and Democrats reported agreement in principle Thursday to a $700 billion bailout of the financial industry and said they would present it to the Bush administration in hopes of a vote within days.

NWA Shareholders OK Delta Combo Plan

NEW YORK (AP) – Northwest Airlines shareholders on Thursday approved a proposed combination with Delta Air Lines, bringing the carriers one step closer to creating the world’s biggest airline.

Local Weather
Memphis, TN
Wind: North at 8.1 mph
Humidity: 52%


The Shelby County Board of Commissioners will hold a joint meeting of the Rules and Education subcommittees of the Shelby County Ethics Commission today at 9:30 a.m. in the County Attorney’s Conference Room, Suite 600 of the Shelby County Administration Building, 160 N. Main St.

more events »

Memphis Silver Screen World Has Champion in Edwards

In the late 1990s, Les Edwards was close to parlaying his love of independent and art-house films into something tangible that all of Midtown Memphis could appreciate: a new Midtown cinema.

New Home Sales Skid, While Mortgage Rates Jump

WASHINGTON (AP) - New home sales tumbled in August to the slowest pace in 17 years, while mortgage rates spiked this week, increasing pressure on the new chief executives of Fannie Mae and Freddie Mac to help stabilize the housing market.

Alexander: Financial Crisis Could Affect VW Plant

NASHVILLE, Tenn. (AP) - Sen. Lamar Alexander said Thursday that Volkswagen's new plant in Tennessee could be affected if the country's financial crisis isn't resolved.

Durable Goods Orders Drop 4.5 Percent in August

WASHINGTON (AP) – Orders for big-ticket manufactured goods plunged in August by the largest amount in seven months as demand for both airplanes and autos fell sharply.

New Home Sales and Factory Orders Fall in August

WASHINGTON (AP) – New home sales tumbled in August to the slowest pace in 17 years, while the average sales price fell by the largest amount on record, demonstrating the depth of the problem that Washington is trying to solve.

Wagoner Says GM OK with $25B Gov't Loan Package

FLINT, Mich. (AP) – General Motors Corp. CEO Rick Wagoner said Thursday that the automaker should be able to put to good use its portion of a $25 billion government loan package for new technology.

US House Passes Credit Card Reform Bill

CHARLOTTE, N.C. (AP) – The U.S. House of Representatives on Tuesday passed legislation that would limit surprise interest rate increases and fees for credit card users, but the bill faces an uncertain fate in the Senate.

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PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762

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