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VOL. 122 | NO. 172 | Wednesday, September 12, 2007

Touch and Go

Arizona company taps into aerotropolis buzz near Memphis International

What's in a name?

Community Leaders Push for Children's Health Insurance

Funding for the State Children's Health Insurance Program (SCHIP) - known in Tennessee as CoverKids - is set to expire Sept. 30.

Baptist Names Baker Nursing Research Coordinator

Nursing professor Diana Baker has been named Baptist Memorial Health Care Corp.'s new coordinator for nursing research. Baker is the first person to hold the position. She has been in nursing for more than 40 years and most recently served on the faculty of the Baptist College of Health Sciences.

Respected Architect Ventures Out

A period of self-examination often accompanies the prospect of changing jobs, however frightening or thrilling - or a little of both - the opportunity seems. And it isn't difficult to imagine what might have run through the mind of architect Michael Walker when he recently left his job at the firm JBHM Architects.

Council, Commission Usher in New Voting Technology

The two big plywood boxes with lights in City Council chambers that have shown council votes for nearly 20 years are gone. The "tote boards" have been replaced by flat screens that show and announce the council votes as they are recorded automatically in council records.

Local Weather
Currently
Memphis, TN
32.0°F
Fair
Wind: Calm mph
Humidity: 85%

EVENTS

Talk Shoppe will meet today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. The topic is "Buying a House with City of Memphis Down Payment Assistance" with Juanita Hamilton, finance manager with the city's Division of Housing and Community Development. For more information, contact Jo Garner at jo.garner@comcast.net.

more events »

Wachovia CEO Draws New Mortgage Business Amid Turmoil

NEW YORK (Dow Jones/AP) - Wachovia Corp. is grabbing more mortgage business as a result of the recent shakeout in the industry, Chief Executive G. Kennedy Thompson said Monday.

Weyerhaeuser Might Close Plants Because of Weak Wood Market

FEDERAL WAY, Wash. (AP) - Weyerhaeuser, one of the world's largest lumber and paper companies, on Monday said it may close plants and cut back its wood products business because of protracted weakness in the housing market.

SunTrust: Repricing May Hurt 3Q Profit

NEW YORK (AP) - SunTrust Banks Inc. expects the repricing of certain mortgage-related assets to hurt its third-quarter earnings by 20 cents per share, according to a Securities and Exchange Commission filing Tuesday.

Moody's: Defaults Among Speculative-Grade Companies to Triple in Next Year

NEW YORK (AP) - Defaults among companies with speculative-grade credit are likely to triple over the next year, underscoring the recent weakness in the debt markets, Moody's Investors Service said Tuesday.

Government Steps Up to Help Borrowers, But Not Without Controversy

As more states and cities struggle to find the money to bail out homeowners caught up in the housing downturn, some Americans are wondering why government should be rewarding people for their greed or irresponsibility.

Fear the Roller Coaster? Embrace It

In these markets, everyone's afraid.

BREAKING NEWS: First Horizon to Cut Mortgage Staff

First Horizon National Corp. plans to cut its mortgage sales force by 50 percent, which translates into about 1,500 mortgage positions and about 500 additional positions, the Memphis-based company announced Wednesday. The cuts are expected to happen pretty quickly, said John Daniel, head of employee services for First Horizon/First Tennessee Bank.

Forest Hill Owner in Contempt Over House Sale

Forest Hill cemeteries owner Clayton Smart has the money to hire attorneys to represent him on criminal charges. But he’s not likely to get out of jail any time soon.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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