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VOL. 125 | NO. 104 | Friday, May 28, 2010

Nucor to Build Steel Testing Lab

Nucor Steel Memphis Inc. is expanding and enhancing its Memphis presence with a $1.2 million steel testing laboratory.

Music Engineers Cut Old Path With Vinyl Recordings

Producing vinyl records – those albums that most people 40 and older grew up with – has rapidly become a lost art as technology has sent that format the way of the 8-track tape.

American Idol Creators Makes Bid For CKx

Simon Fuller, the co-creator of the American Idol television series, is leading a group of investors who have made to a bid to buy CKx, Inc. the company that owns 85 percent of Elvis Presley Enterprises (EPE).

Herenton Shows Up At Cohen HQ

Former Memphis Mayor Willie Herenton’s campaign for Congress lurched to life suddenly during the Friday lunch hour.

Wheels in Motion for Midtown CVS

The regional developer of CVS pharmacies on Thursday announced plans to raze Union Avenue Methodist Church at Union and Cooper and build a drugstore.

Local Weather
Currently
Memphis, TN
47.0°F
Fair
Wind: Northwest at 9.2 mph
Humidity: 69%

EVENTS

The Memphis Potters’ Guild will hold its Spring Show & Sale today through Monday at the Memphis Botanic Garden, 750 Cherry Road. The opening reception will be held May 28 from 5 p.m. to 8 p.m. The show is free. For more information, call Agnes Stark at 458-2354 or visit www.thememphispottersguild.com.

more events »

Preserve Auction Adjourned Again

For the second time in a month, the scheduled auction of the Preserve at Southwind Apartments near Hacks Cross and Tenn. 385 in Southeast Shelby County has been adjourned.

Twin Creeks Breaks Ground on Solar Plant

Twin Creeks Technologies broke ground Friday morning on its solar panel manufacturing plant in Senatobia, Miss., in Tate County.

Cadence Strives to Complete Federal Turnaround Plan

2010 is shaping up to be a critical year for Cadence Financial Corp., the Starkville, Miss.-based bank that’s trying to follow through on a turnaround plan mandated by federal officials.

Council Members Split on Budget Talks

The Memphis City Council isn’t finished making difficult decisions about city finances.

Hotel Manager Treats External, Internal Customers With Care

Unlike so many entering college freshmen, when Donovan Stephens made it to college he didn’t have to bounce from major to major figuring out what he wanted to do with his life.

The ‘It’ Factor Lives In Memphis Too

Call it by its right name.

‘Facebook Free’ Day Protests Lack of Privacy

It’s Facebook Free Friday, a day of social networking protest over the sharing of personal data and the changing terms of privacy.

South Main’s Trolley Tour Goes To the Big Top

The monthly Art Trolley Tours in the South Main Historic Arts District won’t be the same beginning Friday.

STATE LEGISLATURE

Senate Bill to Crack Down on Illegal Immigrants

NASHVILLE (AP) - Tennessee jailers would be required to share information about suspected illegal immigrants with immigration and customs enforcement officials under a proposal that has passed the Senate.

REAL ESTATE

Mortgage Rates Sink to Lowest This Year

WASHINGTON (AP) - Mortgage rates have fallen to the lowest level of the year as investors poured money into the safe haven of U.S. government securities.

NATIONAL BUSINESS

Slow Recovery Keeps Unemployment High

WASHINGTON (AP) – The slow-motion pace of economic growth shows the recovery is too weak to generate enough jobs for 15.3 million unemployed people. And a still-elevated number of new filings for jobless benefits suggests layoffs continue to complicate the problem.

Image-Conscious Youth Rein in Social Networking

CHICAGO (AP) – What’s that? A young college grad lecturing her elders about online privacy?

Jobless Claims Drop to 460,000 Last Week

WASHINGTON (AP) - The number of newly laid off workers filing claims for unemployment benefits dropped last week but the level still remained higher than expected, indicating only modest improvements in the job market.

Dems Scale Back Bill to Woo Votes for Jobless Aid

WASHINGTON (AP) - Democrats are struggling to extend unemployment benefits before they go on vacation next week as they work to ease concerns among jittery lawmakers being hammered over deficit spending.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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