VOL. 125 | NO. 173 | Tuesday, September 07, 2010
Tennessee’s banking industry is coming back to life, with robust profit and balance sheet improvement to show for it.

Initiative helps longtime nonprofit
Corporate giving is alive in Memphis despite the economy.
An upcoming conference will highlight the partnerships among the local, state and federal stakeholders working to make communities more sustainable.
The Blues Foundation, the organization that keeps Memphis at the forefront of the music genre, wants a lasting home in the city.
Memphis City Council member Jim Strickland has withdrawn a proposal to solicit bids by nonprofit organizations to run some of the city’s community centers.
Dave Tamburrino, director of warehouse operations at Kele Inc., a HVAC control products distributor in Bartlett, realized that having first aid kits on the walls was common sense.
Entrepreneurs can get themselves into trouble because they just won’t tell themselves the truth but, rather, an incomplete version that leaves off the reality sentence of the story.
1565 Galloway Ave., Memphis, TN 38112, Sale Amount: $1.1 Million -
Galloway Gardens LLC has bought the 45-unit Galloway Gardens Apartments from California-based Steve Benetti and Virginia Benetti for $1.1 million. The complex, which was built in 1970, sits in the Evergreen Historic District in Midtown, on the south side of Galloway Avenue between North Willett Street to the west and North Avalon Street to the east.
Nothing shortens the sales cycle more dramatically than getting to the right person right off the bat.
THE MEMPHIS NEWS
The Mid-South Fairgrounds may be the most unlikely landscape for a civic project that has succeeded in catching the eye of skeptical Memphians.
The plans for the decaying Marina Cove Apartments in Hickory Hill would be ambitious even in better economic times.
The Tennessee Supreme Court has made its long-awaited decision in the Memphis school funding case. The decision is not to hear the appeal of the city of Memphis.
It’s not uncommon for theater directors to couch old standards in new, quirky settings, but when quirks are a play’s hallmark, sometimes simplicity makes for a welcome change.
The waiter at Sekisui Pacific Rim brings to the table a large bowl brimming with a rich broth filled with sauteed soba noodles, shrimp, scallops and crawfish, and explains that it’s the lunchtime-sized serving.
About 20 or 25 years ago, producers of vintage port – made in Portugal’s Douro Valley – faced a crisis: Their sweet, intense, fortified, long-lived after-dinner wines, prestigious, rare and costly, were falling out of favor. How, the question was, could these primarily family-owned concerns continue making vintage port and still make profits?
NATIONAL BUSINESS
WASHINGTON (AP) – Private employers hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labor Day weekend. But the unemployment rate rose because not enough jobs were created to absorb the growing number of people looking for work.
NEW YORK (AP) – The U.S. service sector, the nation's predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey.
NATIONAL POLITICS
WASHINGTON (AP) – President Barack Obama says that a new jobs report showing private sector growth in August is positive but more needs to be done for the economy.
WASHINGTON (AP) – Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, including tax cuts and targeted spending, to spark job growth.