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VOL. 125 | NO. 14 | Friday, January 22, 2010

Facelift Planned for Colonial Target

A popular but aged East Memphis shopping destination is finally getting a much-needed makeover.

County Mayor Race Clarifies With Byrd’s ‘Agonizing’ Decision

A month before the filing deadline for the 2010 Shelby County primaries, and the race for county mayor is beginning to take shape.

Former Banker Finds Professional Passion In Arts

Pat Brown came down from a high-rise bank with the tumbling economy and found her footing beneath an old water tower.

STATE LEGISLATURE

Tennessee Senate Passes Higher Ed Proposal

NASHVILLE (AP) – The Senate on Thursday unanimously passed Gov. Phil Bredesen’s plan for overhauling the state’s higher education system to improve Tennessee’s poor graduation rate at community colleges and four-year schools.

Local Weather
Currently
Memphis, TN
80.0°F
Overcast
Wind: from the East at 13.8 gusting to 23.0 mph
Humidity: 67%

EVENTS

The Lipscomb & Pitts Breakfast Club will meet today at 7:30 a.m. at the Memphis Botanic Garden, 750 Cherry Road. Andy Andrews, author of “The Traveler’s Gift: Seven Decisions that Determine Personal Success,” will speak. For more information, call 321-1020.

more events »

STATEWIDE

Tenn. December Unemployment Rate Rises to 10.9

NASHVILLE, Tenn. (AP) - The Tennessee Department of Labor and Workforce Development reported Thursday the state's unemployment rate rose to 10.9 percent in December. That is up 0.7 percent from the November rate of 10.2.

Confluence Solar Announces $200M Plant in Tenn.

NASHVILLE, Tenn. (AP) - Confluence Solar Inc. plans to build a $200 million solar manufacturing plant in East Tennessee, Gov. Phil Bredesen and company officials announced Thursday.

Contract Awaits OK at Union City Goodyear Plant

UNION CITY, Tenn. (AP) - A second tentative contract between Goodyear Tire and Rubber Co.'s plant in Union City and the United Steelworkers Union awaits ratification.

NATIONAL BUSINESS

Initial Jobless Claims Unexpectedly Rise

WASHINGTON (AP) – A surprising jump in first-time claims for unemployment benefits is a painful reminder that jobs remain scarce six months into the economic recovery.

Leading Indicators Jump 1.1 Percent in December

NEW YORK (AP) - A forecast of future economic activity jumped 1.1 percent in December, a private research group said Thursday, suggesting that growth could pick up this spring.

Southwest, Continental Profits Raise Recovery Hope

DALLAS (AP) - Southwest Airlines made money in the fourth quarter, which was expected, and so did Continental, which was not.

Obama Steps Up Campaign Against Wall Street Banks

WASHINGTON (AP) - President Barack Obama stepped up his campaign against Wall Street on Thursday with a far-reaching proposal for tougher regulation of the biggest banks.

REAL ESTATE

Rates on 30-Year Home Loans Fall to 4.99 Pct

WASHINGTON (AP) - Rates for 30-year home loans fell to a shade below 5 percent this week but remained above last month's record lows.

NATIONAL POLITICS

Court Eases Business, Union Election Spending Rule

WASHINGTON (AP) – A major ruling Thursday by the U.S. Supreme Court could change how presidential and congressional campaigns are funded, possibly opening the floodgates of money from corporations, labor unions and other groups.

Harold Ford Jr.: 'I Continue to Learn' about NY

TAPPAN, N.Y. (AP) - Harold Ford Jr. ventured to the suburbs Thursday to test the waters outside New York City for a possible U.S. Senate bid but admitted he still has a lot to learn about the state.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 374 7,749
MORTGAGES 89 414 9,199
FORECLOSURE NOTICES 9 52 1,358
BUILDING PERMITS 197 1,007 16,607
BANKRUPTCIES 45 279 5,406
BUSINESS LICENSES 28 154 2,948
UTILITY CONNECTIONS 0 139 3,250
MARRIAGE LICENSES 30 128 1,688

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