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VOL. 123 | NO. 33 | Monday, February 18, 2008

Housing Fallout Continues

2007 worst year in county in 25 years

New data show 2007 was the worst year for new housing permits and home closings in Shelby County since the early 1980s, adding to the well-documented housing woes that stemmed from last year's subprime fallout and credit crunch.

Morgan Keegan Fund Troubles Hit Employees

As the lawsuits and arbitration claims keep piling up on behalf of investors who lost millions of dollars in several Regions Morgan Keegan mutual funds last year, another group of investors is prepping for legal action.

State Systems Touts Growth With Re-Branding Campaign

With makeover TV shows such as "What Not to Wear" and "Extreme Makeover: Home Edition" popularizing the concept of improvement of some sort, now is as good a time as any for a makeover. It seems the same can go for a business in need of a new image.

Tough As Nails

Lunati Sentenced To 18 Months In Prison

The owner of the city’s best known strip club owners was sentenced Friday to 18 months in prison on a federal conspiracy charge.

Local Weather
Memphis, TN
A Few Clouds
Wind: Southwest at 3.5 mph
Humidity: 79%


The Engineers' Club of Memphis will host a luncheon to kick off Engineers' Week today from 11:30 a.m. to 1:30 p.m. at the Holiday Inn-University of Memphis, 3700 Central Ave. Cost is $21 per person or $190 for a table of 10. Reservations are required and can be made by contacting R.M. "Marty" Millar at 624-0909 or rmmillar@sprintmail.com.

more events »

Storm Recovery Crucial At Hardy Bottling

The power is back on in Hickory Hill. More than 200 people applied for aid from the Federal Emergency Management Agency office on its first full day of operation at the Hickory Hill Community Center. And some homeowners already have received their checks to begin repair work on homes, according to the FEMA spokesman in Memphis.

Bowers Receives 16-Month Prison Sentence

She came to federal court on Valentine's Day wearing red - her hair a slightly different shade of red than her jacket. Some of her supporters wore red as well and carried homemade signs with hearts on them.

Wright Medical Q4 Revenue Outpaces Projections

Wright Medical Group Inc. has reported revenue in fourth quarter 2007 was up 19 percent compared to the year-ago quarter, but earnings were down 75 percent due to ongoing restructuring costs and arbitration expenses.

Amid Economic Turmoil, Fed Chief Consulted With Major Players in Financial World

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke consulted with predecessor Alan Greenspan, major financial players and even a speech consultant as he grappled with growing economic turmoil.

Public-Private Road Proposal Dropped in Favor of Toll Bridge Plan

NASHVILLE (AP) - The sponsor of a bill that would allow public-private road-building partnerships says he is withdrawing the measure from consideration this session to instead concentrate on a toll bridge proposal.

Report Looks at Link Between Education, Quality of Life in State

NASHVILLE (AP) - A new report examines thousands of statistics from Tennessee to try to quantify the relationship between education and quality of life issues such as jobs, health and civic participation.

SunTrust CEO to Also Become Chairman

ATLANTA (AP) - Regional bank SunTrust Banks Inc. said Friday James M. Wells III, the company's president and chief executive, will assume the role of chairman of the board at the company's annual meeting April 29.

Lawmakers Considering Tax-Free Weekend Change Amid Complaints

NASHVILLE (AP) - Some state lawmakers are considering changing the dates for the upcoming tax-free shopping weekend after complaints from shoppers and religious leaders that it falls on Easter.

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Blog News, Training & Events
PROPERTY SALES 90 140 15,764
MORTGAGES 100 162 18,210
BANKRUPTCIES 53 112 10,125

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