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VOL. 122 | NO. 190 | Monday, October 8, 2007

Daily Digest

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Davis Professional Accounting Buys East Memphis Office

     Davis Professional Accounting LLC has bought an office at 6373 Quail Hollow Road, Suite 102, from Quail Hollow Office Partnership for $550,000. Michael Fearnley and Cary Califf, attorneys with Fearnley & Califf PLLC, signed the sale deed Sept. 28 as partners in Quail Hollow Office Partnership.
     Courtney Davis, assistant chief executive officer of Davis Professionals, confirmed the purchase was for a new office.
     "It's going to be a new location; we are moving from International Place," she said.
     Currently, the company is at 1661 International Place, less than a mile from the Quail Hollow location. Davis said the move will take place in the early part of November.
     The building is a 3,152-square-foot, two-story building with a brick veneer. It was built in 1997 and sits on a .04-acre lot on Quail Hollow Road just east of West Massey Road.
     The office was previously the location of Equity Title & Escrow, which filed a notice of dissolution with the Tennessee secretary of state in May.
     Davis Professional Accounting LLC is an accounting and bookkeeping company that specializes in helping small-business owners.

Internet Streaming Topic at Commission Meeting

     Shelby County Commissioners today will discuss payment to Granicus Streaming Solution to provide live and recorded video streaming of the Shelby County Board of Commissioners meetings over the Internet.
     The proposal calls for the $26,700 payment to be transferred from the commissioners' contingency funds to the legislative department operations and maintenance budget.
     Commissioners also will discuss a resolution regarding enforcement of an ordinance repealing Ordinance No. 81, relative to the regulation and licensing of sexually oriented businesses.
     The meeting begins today at 2:30 p.m. in the lobby chambers at the Shelby County Administration Building, 160 N. Main St.

Pinnacle Airlines Increases Traffic

     Pinnacle Airlines Inc., which operates under the name Northwest Airlink and is a wholly owned subsidiary of Pinnacle Airlines Corp., on Thursday released its passenger and traffic levels for September, showing strong improvements in both.
     During the month, Pinnacle transported 817,149 customers, 13.8 percent more than September 2006. Passenger load factor was 75.9 percent, marking an increase of 3.2 percent compared to September 2006 levels.
     Also, Pinnacle flew 502.1 million available seat miles in September, a 4.3 percent increase compared to September 2006. And Pinnacle flew 381 million revenue passenger miles, an 8.7 percent improvement from September 2006.
     Pinnacle operated 36,095 block hours in September, up 7.7 percent from September 2006. Block hours refers to the elapsed time between an aircraft leaving a gate and arriving at a gate.
     Departures were up 8.9 percent to 21,998. The average length of a Pinnacle flight was 461 statute miles compared to 479 statute miles in September 2006.
     During September, all aircraft in the Pinnacle Airlines Inc. fleet operated with 50 seats. In addition, Pinnacle operated 139 aircraft during the month compared to 124 aircraft for the same month of 2006.

Judge Donald to be Honored By American Bar Association

     U.S. District Court Judge Bernice B. Donald will be honored at the American Bar Association (ABA) Section of Family Law National Civil Rights luncheon, during the section's 2007 Fall Continuing Legal Education Conference.
     Donald is being honored as the first black woman to hold a seat of district judge in Tennessee.
     In addition to being an active member of the American, Tennessee and Memphis bar associations, Donald is the ABA secretary-elect. She is also a former member of the ABA board of governors and its house of delegates.
     Donald has received more than 100 awards for her professional, civic and community contributions, and has lectured and written extensively on various legal topics.
     The luncheon takes place Friday from 12:30 p.m. to 1:45 p.m. at the National Civil Rights Museum, 450 Mulberry St.
     For more information about the conference, visit www.abanet.org.

Singer Claims he Was Duped Into Contract by Memphian

     R&B singer Ginuwine has filed a lawsuit against a Memphis man, whom the singer said duped him into signing a recording contract for a company that does not exist.
     Ginuwine, whose real name is Elgin Baylor Lumpkin, filed a lawsuit in Manhattan's state Supreme Court against Memphian Michael Bourne.
     In the filing, Ginuwine said he was persuaded to sign on May 8 with King Music Groups Inc., a company that Bourne, a personal acquaintance, said he owned. Terms of the contract gave Ginuwine $1.75 million to record his first album with King, including a $500,000 advance, according to court papers. In nearly five months, the singer hasn't made any records and hasn't been paid a cent, the lawsuit said.
     In addition, the lawsuit said, there is no corporate record for King Music Group Inc. anywhere in New York, California, Florida or Tennessee.
     The lawsuit accuses King Music and Bourne of breach of contract, fraud and negligent misrepresentation. It asks for a total of $4 million in damages.
     Ginuwine's lawyer, Corey D. Boddie, said Thursday that his client is unable to record anywhere else. He said the singer could be sued if he made records for another company while under contract to King.
     Boddie said he has been unable to contact Bourne.
     Bourne's telephone number in Memphis was unlisted and directory assistance had no listing for King Music Group.
     Ginuwine's albums include "Back II Da Basics," ''Ginuwine ... The Bachelor" and "The Life."

Campbell Recalls Chunky Soup

     Campbell Soup Co. on Thursday announced a voluntary recall of more than 72,000 cans of a variety of its Chunky soup because they may contain pieces of hard plastic that present a choking hazard and could cause injury if swallowed.
     Tennessee is among the 24 states affected.
     The recall involves 18.8-ounce cans of Campbell's Chunky Baked Potato with Cheddar & Bacon Bits. No other products are affected by the recall, the company said.
     Campbell said three consumers have reported minor injuries in and around their mouths.
     The recalled soups were shipped to Tennessee and the following states: Alabama, Arkansas, Arizona, California, Colorado, Illinois, Iowa, Kansas, Kentucky, Louisiana, Minnesota, Missouri, Mississippi, Montana, Nebraska, New Mexico, Nevada, North Dakota, Oklahoma, South Dakota, Texas, Utah and Wyoming.
     Consumers who purchased Campbell's Chunky Baked Potato with Cheddar & Bacon Bits with the can code "JUL 08 2009 07097" were advised to return the product to the store where it was purchased for an exchange or refund.

Midwest Says Sale Delayed, Regulators Want More Info

     The sale of Midwest Air Group Inc. to a private equity firm has been delayed, the airline announced, because antitrust regulators want more information on the deal.
     The Milwaukee-based operator of Midwest Airlines said the U.S. Department of Justice has issued a second request for information on the sale to TPG Capital. The deal is under scrutiny because Northwest Airlines Corp. is a passive investor.
     The second request for information delays completion of the sale, valued at about $450 million in cash, for at least 30 days, Midwest said in a statement.
     But the company said it will still go ahead with its special shareholders meeting to approve the sale on Oct. 30 in Milwaukee.
     Midwest agreed in August to be bought out by TPG for $17 a share in cash. It has about 26.6 million shares outstanding.
     The TPG deal followed months of escalating offers from rival AirTran Holdings Inc., the Orlando, Fla.-based operator of AirTran Airways.
     According to regulatory filings, Northwest is committed to paying nearly $213.3 million, or 47 percent of the deal, while TPG will pay the remaining 53 percent, or $238.1 million.
PROPERTY SALES 70 70 16,267
MORTGAGES 30 30 10,117
BUILDING PERMITS 297 297 38,841
BANKRUPTCIES 44 44 7,641