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VOL. 128 | NO. 77 | Friday, April 19, 2013

First Horizon Grows Profit as Expenses Fall

Memphis-based First Horizon National Corp., the parent company of First Tennessee Bank, kicked off its first quarterly earnings announcement of 2013 by meeting analyst expectations and reporting a profit of $42.2 million, up from $30.5 million during the first quarter of 2012.

Just Cause

Environmental justice highlights urban planning conference

The concept of environmental justice is joining the issue of sustainability in new discussions about planning and the way cities like Memphis should work.

Bryce to Keep 318 Workers in Memphis

A packaging maker for retail brands like Frito-Lay and General Mills is getting a tax incentive worth $3 million to keep 318 workers in Memphis and add 95 new employees as part of a $21 million expansion here.

Mitsubishi Debuts $200 Million Facility

One of the two biggest economic development prizes of recession-era Memphis has its formal opening Friday, April 19.

Bankruptcies Dip Slightly as Economy Improves

The first quarter of 2013 showed a slight slump in West Tennessee bankruptcy filings as the economy improved.

Sammons Determined to Bring New Service to MEM

While he’s well aware of the hurdles, Jack Sammons told the members of the Memphis World Trade Club he’s determined to “relentlessly” solicit new air service providers to fly in and out of Memphis International Airport.

Passenger Numbers Continue Drop at Memphis International Airport

Memphis International Airport continued in March to feel the impact of earlier Delta Air Lines Inc. cuts, as both passenger traffic and the total number of flights fell.

MEMPHIS STANDOUT

Hazlett Touts City’s Positives to World

Bob Hazlett, director of online marketing at the Memphis Convention & Visitors Bureau, is a proudly converted Memphian who promotes the city as a travel destination.

SPORTS

Grizzlies Shift Gears Into Playoff Mode

Center Marc Gasol is never happy after a loss. Sometimes, he is not in a good mood after a victory because, like a coach, he sees the potential for future failure if the Grizzlies don’t play hard, focused and together.

Clippers’ Bench Spells Trouble for Grizzlies

The Los Angeles Clippers may or may not prove to be serious Western Conference title contenders. Count TNT analyst Charles Barkley as their No. 1 doubter, having called them “fool’s gold” and compared them to a pretty girl that steals your heart only for you to discover she is “dumb as a box of rocks.”

LOCAL COLUMNISTS

Understanding the Importance of a Getaway

THE TIME TO GET AWAY IS CLOSE. One morning last week. Anderson’s dogs were running, impossibly fast, circling a field of new wheat, impossibly green, and then through the woods and past the ponds, Snuffy bounding just ahead of us and Bow Wow off to our right in the trees. Their eyes were bright and their joy obvious, impossibly happy.

Making Dollars and Sense With Nonprofit Partnerships

Woman- and minority-owned businesses can benefit from well-defined relationships with select nonprofits.

STATEWIDE

Volkswagen Dropping Third Shift at Chattanooga Plant

CHATTANOOGA, Tenn. (AP) – Volkswagen is dropping the third assembly shift at its Chattanooga plant.

Pilot Flying J Raid Focuses on Incentive Practices

NASHVILLE (AP) – When Pilot, the country's largest truck stop chain, bought its nearest competitor Flying J out of bankruptcy in 2009, federal trade officials worried the combined entity owned by the powerful Haslam family could corner the market on diesel fuel.

STATE GOVERNMENT

School Security Bill Passes Senate

NASHVILLE (AP) – A proposal that would allow school districts to allow people with police training to be armed in schools has passed the Senate.

Distillery Bill Headed to Governor's Desk

NASHVILLE (AP) – Legislation that provides requirements for setting up a distillery in Tennessee is headed to the governor for his consideration.

Charter School Authorizer Bill Advances

NASHVILLE (AP) – The sponsor of a proposal that seeks to change the way certain charter schools are authorized said Wednesday the measure is needed to continue education reform in Tennessee.

House Barely Approves Animal Abuse Reporting Bill

NASHVILLE (AP) – A bill seeking to require anyone recording or taking photos of livestock abuse to turn images over to law enforcement within 48 hours was approved in the House on Wednesday with the bare vote minimum needed.

Lawmakers Pass Bill for More Ignition Interlocks

NASHVILLE (AP) – A proposal to make Tennessee's ignition interlock law apply to more drunken drivers has cleared the Legislature.

Senate OKs Tennessee Animal Abuse Reporting Bill

NASHVILLE (AP) – A proposal that would require anyone recording images of animal abuse to submit unedited footage or photos to law enforcement within 48 hours has passed the Senate.

NATIONAL BUSINESS

US Unemployment Aid Applications Rise to 352,000

WASHINGTON (AP) – The number of Americans seeking unemployment benefits increased just 4,000 last week to a seasonally adjusted 352,000. The slight gain kept applications at a level consistent with solid hiring and suggests March’s sluggish hiring may be temporary.

Nucor Net Income Falls 39 Percent

CHARLOTTE, N.C. (AP) Nucor Corp. said Thursday that its first-quarter net income dropped 39 percent, hurt by lower steel prices and volumes.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 54 266 12,031
MORTGAGES 111 406 15,756
FORECLOSURE NOTICES 27 107 3,130
BUILDING PERMITS 0 606 28,832
BANKRUPTCIES 73 364 11,671
BUSINESS LICENSES 17 119 4,274
UTILITY CONNECTIONS 121 549 17,732
MARRIAGE LICENSES 23 104 3,668

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