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VOL. 123 | NO. 168 | Wednesday, August 27, 2008

City Housing Begins $9M Westwood Property

General contractor City Housing LLC has begun site work on the $9 million Austin Park Place, a 71-unit, low-income rental community in Westwood along the west side of Horn Lake Road between Raines Road and Shelby Drive.

Local Attorney Reviews Digitek Recall Cases

The first call the attorney received was from a family whose loved one had died.

Motel Developers Meet Different Fates With Council

As a whole, the Memphis City Council over the last several years usually has responded to development applications for new motels in the inner city with a mix of incredulity, skepticism and pointed questions for developers.

Bass Pro Project Picture Becomes Clearer

They began that morning at City Hall and ended that afternoon at the County Building as Bass Pro CEO Jim Hagale ran to catch a 3 p.m. flight out of Memphis.

Man Sues Catholic Diocese for Sexual Abuse

A 48-year-old man who claims he was sexually abused by a Memphis Catholic priest when he was a teenager is suing the Catholic Diocese of Memphis, according to The Daily News Online, www.memphisdailynews.com.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: Southeast at 5.8 mph
Humidity: 48%


The Memphis Regional Chamber will hold a Breakfast Forum today from 7:30 a.m. to 9 a.m. at the Holiday Inn-University of Memphis, 3700 Central Ave. U of M basketball coach John Calipari will speak. Cost is $20 for members and $30 for prospective members. For reservations, contact Ericka Milford at 543-3518 or emilford@memphischamber.com.

more events »

Housing Woes Could be Lessening, Reports Suggest

NEW YORK (AP) – Americans felt better about the economy in August, as a widely watched barometer of sentiment posted the biggest boost in two years amid falling gas prices. Meanwhile, two reports suggested that the worst may be over for the slumping housing market.

Hennessy Joins Board Of Opportunity Scholarship Trust

Scott C. Hennessy, president and chief executive officer of True Temper Sports, has joined the board of directors of Memphis Opportunity Scholarship Trust.

Home Sales Slip in Southern Cities in July

Sales of existing homes in the South tumbled 18 percent in July from a year ago, while the median price fell 3.5 percent to $179,300, the National Association of Realtors said Monday.

Consumer Outlook up More Than Expected in August

NEW YORK (AP) - Americans became more optimistic in the economy amid declining gas prices in August, marking the biggest jump in two years.

Fannie Mae, Freddie Mac Shares Rise

WASHINGTON (AP) - Shares of Fannie Mae and Freddie Mac soared Monday in a respite from their battering in recent days, while some regional banks saw their stocks sink on worries they could be swept up in the turmoil surrounding the mortgage finance giants.

Two Men Plead Not Guilty to Selling Countrywide Data

LOS ANGELES (AP) - A former senior analyst for Countrywide Home Loans and another man pleaded not guilty Monday in an alleged scam to download and sell thousands of customers' data from the mortgage lender.

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PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925

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