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VOL. 125 | NO. 123 | Friday, June 25, 2010

‘Major Developer’ to Save Blighted Marina Cove

For years the owners of Marina Cove apartments at 5505 Winchester Road in Hickory Hill have defied city attempts to force a demolition or at least a cleanup of the property.

Dancin' in the Streets

‘Today’ show’s Roker showers New Ballet with gifts

Broadcasting for NBC’s “Today” show live from Memphis, weather anchor Al Roker attempted a few flamenco steps Thursday morning but left the real dancing to the children of the New Ballet Ensemble and School.

Metro Charter Commission Plays To Tough Audience

The Memphis City Council and Shelby County Commission got their first formal look Thursday at what the Metro Charter Commission has been working on since December.

Wharton Hopeful for Bass Pro Lease

Memphis Mayor A C Wharton Jr. says he hopes the city of Memphis will have a lease agreement by Wednesday with Bass Pro Shops for The Pyramid.

Donation Gives House of Mews New Life

Mark Giannini is allergic to cats, but they touched his heart just the same.

Giannini, founder and CEO of the Memphis-based information technology firm Service Assurance, and company president Kelli Mitchell made a long-term commitment of financial support to the struggling yet iconic House of Mews cat adoption center, giving its director a reprieve from personal hardships.

Local Weather
Currently
Memphis, TN
77.0°F
Overcast
Wind: from the South at 16.1 gusting to 28.8 mph
Humidity: 58%

EVENTS

Askew Nixon Ferguson Architects will host “A Modernist Ouroboros” by Adam Geary & Anthony Lee Friday from 5:30 p.m. to 7:30 p.m. at the ANF Gallery, 1500 Union Ave. The show will run through July 23. For more information, call 278-6868.

more events »

Spotts Takes Career, Community Involvement to High Levels

Josh Spotts has a long list of titles and career accomplishments.

Report: Medical Device Makers May Face Pressure

NEW YORK (AP) – Medical device makers may face more pricing pressure and market shifts as U.S. hospitals pursue partnerships and closer relationships with their medical staff, according to Moody’s Investor Service.

Mortgage Rates Sink to Lowest Level on Record

WASHINGTON (AP) – Mortgage rates fell this week to the lowest level on record, giving consumers added incentive to lock in low payments for home purchases and refinanced loans.

REGIONAL

Miss. Plant Waiting on Toyota

DORSEY, Miss. (AP) — Toyota Boshoku has invested about $80 million in its plant in the Dorsey community of Itawamba County.

NATIONAL BUSINESS

Businesses Spend More On Durable Goods in May

WASHINGTON (AP) – Businesses spent more on big-ticket goods in May and the pace of layoffs slowed in the past week, the latest evidence the economy is improving.

Overall, factory orders for durable goods fell 1.1 percent last month, the Commerce Department said Thursday. But that was largely the result of a drop in demand for commercial aircraft.

Financial Overhaul 101: Impact on Top Executives

WASHINGTON (AP) — Bank executives took big risks before the financial crisis and paid themselves lavishly. Shareholders couldn't stop them.

High Court Reins in Prosecutors' Use of Fraud Law

WASHINGTON (AP) — The Supreme Court on Thursday sharply curtailed prosecutors' use of an anti-fraud law that was central in convicting politicians and corporate executives in many of the nation's most prominent corruption cases. The ex-CEO of disgraced energy giant Enron and a Canadian media mogul, both in prison, are among the figures who could benefit from the ruling.

Over 2 Million Cribs Recalled Amid Safety Concerns

WASHINGTON (AP) — More than 2 million cribs from Evenflo, Delta Enterprise Corp. and five other companies were recalled Thursday amid concerns that babies can suffocate, become trapped or fall from the cribs.

REAL ESTATE

Fannie Mae to Penalize Homeowners Who Walk Away

NEW YORK (AP) — Government-sponsored mortgage purchaser Fannie Mae is trying to encourage distressed homeowners to find alternatives to foreclosure by banning those who walk away from getting new loans for seven years.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 97 255 6,360
MORTGAGES 94 260 7,562
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 195 590 13,899
BANKRUPTCIES 67 180 4,754
BUSINESS LICENSES 26 95 2,435
UTILITY CONNECTIONS 54 185 5,081
MARRIAGE LICENSES 12 66 1,526

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