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VOL. 123 | NO. 150 | Friday, August 1, 2008

Office Market Fares Well in Tough Times

In another case where numbers don’t paint the entire picture of the real estate market, consider the latest office statistics for Memphis compiled by the local branch of CB Richard Ellis (CBRE).

Power at the Heart of Charter Commission, Council Debate

The Memphis Charter Commission still has some important legal and political questions to resolve before it sends a list of proposed charter changes to city voters.

So Far, So Good For Shelby Farms Master Plan

The new master plan for Shelby Farms looks a lot like the plan James Corner of New York-based field operations submitted earlier this year to get the master plan contract.

Analysts Blame Easy Credit for Restaurant Woes ?

NEW YORK (AP) – Restaurant companies may have depended too much on easy-to-borrow money to back aggressive expansion plans, industry experts say – a move that may lead to more bankrupt chains and fewer new eateries opening in the months to come.

SEC: Cos. May Put Investor Info Exclusively on Web

WASHINGTON (AP) – Public companies can use their Web sites exclusively to disseminate information to investors under guidelines adopted Wednesday by the U.S. Securities and Exchange Commission.

Local Weather
Currently
Memphis, TN
76.0°F
Mostly Cloudy
Wind: from the Southeast at 17.3 gusting to 24.2 mph
Humidity: 77%

EVENTS

The Scarlet Lawrence Akins Foundation will produce the Second Annual Run from the Sun 5K today at 7 p.m. along Ridge Lake Boulevard. The run benefits melanoma research and education. For more information, call Cheryl Moore at 361-8163.

more events »

Grassroots Group Fights Zoo Expansion

It’s been a little more than two months since they had a private meeting with top brass from the Memphis Zoo to talk about the fate of Overton Park’s old-growth forest. Next week, representatives from Citizens to Preserve Overton Park will take their message into another important venue.

Nissan Offering Buyouts to Tennessee Employees

NASHVILLE, Tenn. (AP) - Nissan North America Inc. said Wednesday it will offer buyouts to about 6,000 employees at the company's two Tennessee plants and eliminate a night shift at one plant because rising fuel prices and the economic downturn have slowed sales of trucks and sport utility vehicles.

Dollar Mixed as Banks Announce Emergency Lending

NEW YORK (AP) - The dollar was mixed Wednesday after the U.S. Federal Reserve and European central banks said they would extend more credit to banks still roiled by financial market turmoil.

Oil Falls Over $3 on Weak U.S. Economic Data

NEW YORK (AP) - Oil prices dropped more than $3 a barrel Thursday, retreating from the previous day's surge, as disappointing data on the U.S. economy signaled further cutbacks in energy demand for the world's thirstiest oil consumer.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 416 6,521
MORTGAGES 93 452 7,754
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 218 1,005 14,314
BANKRUPTCIES 62 297 4,871
BUSINESS LICENSES 30 154 2,494
UTILITY CONNECTIONS 39 261 5,157
MARRIAGE LICENSES 23 105 1,565

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