» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 126 | NO. 160 | Wednesday, August 17, 2011

Kruger Files $40 Million Loan for Memphis Plant

Canada-based manufacturer Kruger Inc., which has been considering several locales including Memphis as possible sites for a major capital investment, this week filed a $39.8 million construction loan for its existing Memphis facility at 400 Mahannah Ave., north of Downtown.

Street Signs

Beale stakeholders say change is ‘slow but steady’

More than a year after the city of Memphis reached an out-of-court settlement with Performa Entertainment that would put day-to-day control of the Beale Street entertainment district in the hands of Memphis Mayor A C Wharton Jr.’s administration, the federal bankruptcy case tied to that settlement remains unsettled.

Council Approves Expansion of Pyramid Project

Memphis City Council members approved a bond resolution that expands the scope of The Pyramid renovation by Bass Pro Shops.

Suburbs Weigh School Options

Germantown Mayor Sharon Goldsworthy is recommending the city hire a consulting firm to research the creation of a municipal school district.

Independent Bank, State of Tenn. Get Money for Small Biz Lending

Small businesses in Memphis – as well as across Tennessee – stand to benefit from a pair of announcements unveiled Tuesday regarding targeted federal investment in the area.

MRG Bullish On Multifamily Market

With pending uncertainty about the housing market, the local multifamily market appears to be staging a healthy comeback.

Rock for Love to Again Benefit Church Health Center

More than two dozen Memphis musical acts – from the Bo Keys to the Subteens to Star & Micey – will take the stage between Thursday, Aug. 18, and Sunday, Aug. 21, to “Rock for Love” at the Hi-Tone Cafe, 1930 Poplar Ave., and two other venues.

Cawein Forms PR Firm

In the recording industry, signal flow refers to the path a signal follows from a source – say, where an instrument is plugged into a jack – all the way to output.

DeVivo Lands New Position With NY Firm

Joseph “Joe” DeVivo, former president of Smith & Nephew’s Memphis-based Orthopaedic Reconstruction and Trauma division, has been appointed executive leader of AngioDynamics, an Albany, N.Y.-based provider of medical devices for vascular access, surgery, peripheral vascular disease and oncology.

Sanon Joins Agape As Director of Operations

Julie Sanon has joined Agape Child & Family Services as director of operations.

LOCAL COLUMNISTS

Keeping an Eye on the Competition

Knowledge is power. That’s why keeping abreast of what your competition is doing in the marketplace makes good business sense. And in today’s digital age, more information than you can dream of is just a few clicks away.

Cowboy Rules to Live By

Roy Rogers. Now there’s a blast from the past. Known as the King of the Cowboys, Roy sang his way through radio and silver screen and even had his own TV show until 1957. He was accompanied by his wife, Dale Evans, and World’s Smartest Horse, Trigger. Those were the days when real cowboys wore fringe.

MEMPHIS AREA

Coach Named Member of Grizzlies' Foundation Board

MEMPHIS (AP) – Memphis coach Lionel Hollins has been named a member of the Grizzlies Foundation's board of directors.

STATEWIDE

Building Reactor at TVA Bellefonte Plant on Agenda

CHATTANOOGA (AP) – The Tennessee Valley Authority has a message for opponents of it finishing a long-shuttered, 37-year-old nuclear plant in northeast Alabama: No costumes.

Tennessee Highway Patrol Seeks New Troopers

NASHVILLE (AP) – The Tennessee Highway Patrol is recruiting applicants for trooper jobs.

REGIONAL

SCLC Names Isaac Farris as New President

ATLANTA (AP) – The Southern Christian Leadership Conference has named Isaac Newton Farris Jr., nephew of the Rev. Martin Luther King Jr., as its president.

Natchez Woman to Oversee Cuisine on Memphis-Docked American Queen

NATCHEZ, Miss. (AP) – As a steamboat company prepares to return the American Queen riverboat to work on the Mississippi River, a Natchez woman is preparing to serve as its chef.

NATIONAL BUSINESS

Wal-Mart Q2 Profit Up 5.7 Pct on Overseas Strength

NEW YORK (AP) – Wal-Mart Stores Inc. posted a second-quarter profit increase of 5.7 percent on Tuesday and raised its outlook for the year as it benefits from international sales growth and cost cutting measures. But the world’s largest retailer was unable to stop a two-year sales slump at its Walmart stores in the U.S as customers continued to grapple with job security and other economic woes.

Fitch Ratings Keeps US at Top Credit Rating

NEW YORK (AP) – Fitch Ratings said Tuesday it will keep its rating on U.S. debt at the highest grade, AAA, and issued a "stable" outlook, meaning it expects the rating to stay there.

Automakers Rebound in July to Lift Factory Output

WASHINGTON (AP) – U.S. automakers rebounded in July to boost factory production by the most since the Japan crisis. But builders broke ground on fewer single-family houses, leaving home construction at depressed levels.

Allstate Sues Goldman Sachs Over Toxic Investments

Allstate Corp. is suing Goldman Sachs Group Inc. claiming the broker fraudulently sold it more than $123 million in mortgage-backed securities in 2006 and 2007, before the housing market collapse sent the investments' value plunging.

Sears Holdings Names New CFO

HOFFMAN ESTATES, Ill. (AP) – Sears Holdings Corp. said Tuesday that Robert Schriesheim will join the company as executive vice president and chief financial officer.

Borrowers Pulling Back – But Not on Student Loans

NEW YORK (AP) – Americans are shouldering bigger debt loads to pay for college. That's even as they've pulled back on every other category of borrowing in the past three years, including mortgages, auto loans and credit cards.

Survey: Cellphones a Lifeline, Boredom Staller

NEW YORK (AP) – If you've ever used a fake cellphone conversation to avoid real-life interactions, you're not alone.

Health Care Stocks Endure Turmoil Better Than Most

Health care stocks historically provide a relatively safe haven in roiling markets. They're less tethered to the economy's every movement than other stocks and tend to be less volatile.

JetBlue Pilots to Remain Non-Union

NEW YORK (AP) – Pilots at JetBlue are choosing to go without union representation.

Netflix Gets Kid Friendly as it Raises US Prices

SAN FRANCISCO (AP) Netflix Inc. is giving kids and their parents a new reason to embrace its Internet video subscription service as it raises prices to the dismay of many customers.

NATIONAL POLITICS

In Midwest, Obama Seeks Ideas for Jolting Economy

PEOSTA, Iowa (AP) – Seeking some help from rural America, President Barack Obama on Tuesday implored Iowans to share ideas with him about how leaders can give an economic jolt to the nation's heartland. He promised better days in a time of relentless joblessness, saying, "We'll get through this moment of challenge."

REAL ESTATE

July Home Building Slips After Early-Summer Bump

WASHINGTON (AP) – U.S. builders broke ground on fewer single-family houses in July, leaving home construction at depressed levels.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 29 82 1,716
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

Weekly Edition

Issues | About

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