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VOL. 123 | NO. 174 | Friday, September 5, 2008

MAAR, MMBA Members to Build for Habitat for Humanity

They spend their workweeks selling and financing homes, but Memphis-area Realtors and mortgage bankers will spend two months doing something slightly different – they’ll be building homes.

Corker Prefers ‘Prudence’ in Georgia Aid

A few hours before he left Nashville Tuesday to attend the Republican National Convention, U.S. Sen. Bob Corker, R-Tenn., talked with reporters about his weekend visit to the Republic of Georgia. He talked about the degree to which the U.S. ought to aid the small, war-torn country where fighting broke out with Russian troops in early August.

Retailers Report Sluggish Sales

NEW YORK (AP) – Many of the nation’s retailers struggled with a sluggish back-to-school season, though Wal-Mart posted higher August sales Thursday as shoppers focused on buying essentials amid persistent worries about high gas and food prices.

US Jobless Claims Jump, Productivity Soars

WASHINGTON (AP) – The number of newly laid off workers seeking unemployment benefits jumped unexpectedly last week, the U.S. government reported Thursday, reversing three weeks of declines.

Mercury Printing Gives Davis Expanded Role as President

Four years ago, Virginia native Kevin Davis arrived in Memphis to step into the role of vice president of finance and administration at Mercury Printing. Now, with the promotion of former Mercury president Danny Bailey, Davis is facing new opportunities and possibilities as he moves into the role of president of the company.

Local Weather
Currently
Memphis, TN
77.0°F
Overcast
Wind: South at 3.5 mph
Humidity: 85%

EVENTS

MPACT Memphis will meet for lunch today at noon at Flying Fish, 105 S. Second St. For more information or to R.S.V.P., contact Frank Langston at flangston@gmail.com.

more events »

Productivity Up Strongly while Labor Costs Dip

WASHINGTON (AP) - Americans' productivity soared in the spring while labor costs declined, two welcome outcomes that should relieve concerns that inflation is getting out of hand.

August Auto Sales Fall; Some Say Worst May be Over

DETROIT (AP) - Nearly every major automaker saw its U.S. sales drop in August, but many are seeing signs that the worst slump in recent history may have bottomed out.

Services Grow on Increasing Orders, Less Inflation

NEW YORK (AP) - The U.S. service sector grew unexpectedly in August for the first time in three months as new orders improved and inflation moderated, a private trade group said Thursday.

Boeing Pact Extended Despite Strike Vote

SEATTLE (AP) - A last-minute move to avert a potentially bruising strike that could cost more than 27,000 workers weeks of pay would usually be met with unalloyed relief.

Comcast Appeals FCC Web Traffic-Blocking Decision

WASHINGTON (AP) - Comcast Corp. is appealing an FCC ruling that the company is improperly blocking customers' Web traffic, triggering a legal battle that could determine the extent of the government's authority to regulate the Internet.

Stocks Plummet After Retail, Unemployment Data

NEW YORK (AP) - Wall Street plunged Thursday, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late-year recovery.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 92 280 9,849
MORTGAGES 105 287 11,601
FORECLOSURE NOTICES 0 28 1,662
BUILDING PERMITS 0 328 20,638
BANKRUPTCIES 43 162 6,599
BUSINESS LICENSES 38 90 3,529
UTILITY CONNECTIONS 0 79 4,062
MARRIAGE LICENSES 16 79 2,258

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