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VOL. 123 | NO. 15 | Wednesday, January 23, 2008

'07 Business License Activity Down Slightly

Small-business filings have dropped steadily - though not drastically - since 2005, and the trend continued in 2007.

Riviana Foods Invests in Memphis

Known primarily for exporting barbecue and blues music, Memphis soon will become one of the country's largest manufacturing and distribution centers for rice.

Butler Snow's Holbrook Certified as Civil Trial Specialist

Frank M. Holbrook, an attorney with Butler, Snow, O'Mara, Stevens & Cannada PLLC, has been certified as a civil trial specialist by the National Board of Trial Advocacy.

Q4 Business Licenses Down 5 Percent

During the fourth quarter, when talk and speculation leaned hardest toward an impending recession and banking and loan institutions took a hit from subprime mortgage market fallout, business license filings held nearly steady, with only a 5 percent drop from Q4 2006. Filings for Q4 2007 were 1,364, compared to 1,438 in Q4 2006.

Patterson's Self-Effacing Style Only Amplified His Savvy

Editor's Note: The following story is a first-person account of a reporter who knew Shelby County Trustee Bob Patterson, who died Friday night at age 69 following a massive heart attack.

Local Weather
Memphis, TN
A Few Clouds
Wind: Northeast at 8.1 mph
Humidity: 60%


Rhodes College will host Charlie Cook, political analyst and publisher of the nonpartisan newsletter "The Cook Political Report," today at 7:30 p.m. in Barrett Hall on the Rhodes campus. Cook will discuss the 2008 primaries and presidential election. For more information, call Meg Carne at 843-3840.

more events »

Federal Reserve Cuts Key Interest Rate, Indicates More Cuts May Be Coming

WASHINGTON (AP) - The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, slashed a key interest rate by three-quarters of a percentage point on Tuesday and indicated further rate cuts were likely.

Hart Calls For Ideas in School Consolidation Talks

Tomeka Hart says all she wanted to do was get her one-year term as Memphis school board president off to a good start. So she scheduled separate meetings with Memphis Mayor Willie Herenton and Shelby County Mayor A C Wharton Jr.

Name, HQ Location Are Thorny Issues In Airline Merger Talks

ATLANTA (AP) - A particularly thorny issue for Delta Air Lines Inc. in its talks with United Airlines and Northwest Airlines about a combination with one of the carriers is where the merged company would be based and what it would be called, industry observers say.

Clinton Campaign Set to Run Television Ads in Tenn.

NASHVILLE (AP) - Democratic presidential candidate Hillary Clinton plans to run television advertisements in Nashville, Memphis, Jackson, Chattanooga and Knoxville.

Republican Fred Thompson Quits Presidential Race

NAPLES, Fla. (AP) - Republican Fred Thompson, the actor-politician who attracted more attention as a potential presidential candidate than as a real one, quit the race for the White House on Tuesday after a string of poor finishes in early primary and caucus states.

Thompson is Only Latest Tennessean to Exit Presidential Race

NASHVILLE (AP) - Fred Thompson became the latest Tennessee Republican who couldn't translate statewide support into national success when he withdrew from the presidential race on Tuesday.

State Bill Would Punish False Accounts of Child Abuse

NASHVILLE (AP) - A proposal is moving through the Legislature that would make false reports of child abuse a felony.

State Bill to Create Animal Abuser Database Would Have Small Uptake

NASHVILLE (AP) - State officials estimate that a proposed animal abuser registry in Tennessee would have little uptake.

Proposal Would Move Kindergarten Cutoff Up by 1 Month to Sept. 1

NASHVILLE (AP) - State lawmakers are evaluating a proposal to change the cutoff date for children to be eligible for kindergarten.

Early Voting in 2008 Presidential Race Playing an Important Role

WASHINGTON (AP) - For many people, the question this year isn't just which presidential candidate to vote for, it's when.

Regions Financial, SunTrust Cut Prime Rate

NEW YORK (AP) - Both Regions Financial Corp. and SunTrust Bank on Tuesday lowered their prime rates by three-quarters of a percentage point after the Federal Reserve cut its key interest rate.

Regions' 4Q Profit Sinks 80 Percent

BIRMINGHAM, Ala. (AP) - Regions Financial Corp.'s profit sank 80 percent in the fourth quarter as slipping property values hindered real estate developers from repaying loans, the bank said Tuesday.

Survey Finds Fear of Recession Prime Concern Among World's Chief Executives

DAVOS, Switzerland (AP) - Chief executives from New York to Tokyo are wary that a global recession could put a halt to growth at their companies, according to a survey that showed business confidence had declined among them for the first time since 2003.

Buckeye to Cut Staff, Offers 2Q View

MEMPHIS (AP) - Buckeye Technologies Inc., a specialty fibers maker, said Tuesday it will cut 20 to 25 staffers at a plant in British Columbia, due to a stronger Canadian dollar and high transportation costs.

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