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What's Happening in Memphis

Tennessee's budget hole grows
Tennessee’s budget hole just keeps getting deeper.

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Morgan Keegan pays out $3.6 million in February
Two former investors in bond funds once managed by Morgan Keegan & Co. Inc. have won arbitration hearings and been awarded more than $3.6 million. (RF)

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More CFOs expect increased hiring; Tennessee above U.S. average
More chief financial officers in the U.S. anticipate an increase in the hiring of full-time accounting and financial employees in the second quarter, according to a new survey from Robert Half International. (RHI)

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Reid Sanders joins Mid-America Apartment board of directors
Memphian W. Reid Sanders is joining Mid-America Apartment Communities’ board of directors. (MAA)

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Education Realty subsidiary to develop housing at Mansfield University of Pennsylvania
Allen & O'Hara Development Co. LLC has been selected to design two residence halls, which will have a total of 640 beds at Mansfield University of Pennsylvania. (EDR)

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