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VOL. 128 | NO. 78 | Monday, April 22, 2013

International Paper Talking Xpedx Merger

Memphis-based International Paper Co. acknowledged Monday that it is in talks with Unisource about a possible merger of Unisource and IP’s xpedx printing distribution business.

Corporate Contribution

FedEx employees volunteer for Wolf River cleanup

On a beautiful spring morning last week more than 100 local FedEx employees came together along the banks of the Wolf River to do a beautiful thing.

First Horizon Grows Profit in Quarter

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.

Mitsubishi Plant Opens in Southwest Memphis

A group of 200 dignitaries marked the formal opening Friday, April 19, of the Mitsubishi Electric Power Products Inc. plant in Southwest Memphis.

County Business Licenses Dip 7.4 Percent

The number of business licenses filed with the Shelby County Clerk’s office fell 7.4 percent to 1,415 in the first quarter, compared with 1,528 in the first quarter of 2012, according to The Daily News Online, www.memphisdailynews.com.

Severance Pay Ups Ante in Auto Inspections Stand-Off

Some on the Memphis City Council weren’t certain Tuesday, April 16, about going ahead with a severance package for the city employees who now work at city-run auto inspection stations.

SMALL BUSINESS SPOTLIGHT

Davene Specializes in Helping Companies Reward Employees

Corporations have a new reason to say “thank you” to dedicated employees – for sticking with them through the Great Recession.

LOCAL COLUMNISTS

Deal With the Stress Before the Mess

When I get curious, I read a lot. Last week I got very curious about a form of ineffective behavior that seems all too common these days.

PR in the Not-For-Profit World

One of the things we take a lot of pride in is the number of not-for-profit clients we work with. I currently handle five not-for-profit accounts, and each is unique and exciting in its own way. If you can’t intern at an agency, one of the best ways to get your “PR feet” wet is to do an internship at a not-for-profit in college.

STATEWIDE

Pilot Flying J CEO Haslam Won't Step Aside Amid Probe

NASHVILLE (AP) – Cleveland Browns owner and Pilot Flying J CEO Jimmy Haslam on Friday again denied any wrongdoing and said he wasn't stepping aside, a day after an FBI affidavit alleged his truck stop chain had defrauded customers with diesel fuel rebates.

Governor Declares 'Absolute Faith' in CEO Brother

NASHVILLE (AP) – Republican Gov. Bill Haslam is urging people to reserve judgment about an FBI raid of his family's Pilot Flying J chain of truck stops.

NATIONAL GOVERNMENT

Bill to Ban Hiring Preferences Dead This Session

NASHVILLE (AP) – A proposal seeking to ban basing government hiring preferences on race, gender or ethnicity is dead this session.

Casada Abandons Revival of Campaign Finance Bill

NASHVILLE (AP) – The sponsor of a bill seeking to boost the amount of money political groups can give to candidates and to do away with reporting requirements for donations by corporations on Thursday dropped an effort to revive the failed measure.

NATIONAL BUSINESS

Poll: Public Pessimism on Economy is Increasing

WASHINGTON (AP) – For the third year in a row, the nation's economic recovery has hit a springtime soft spot. Reflecting that weakness, only 1 in 4 Americans now expects his or her own financial situation to improve over the next year, a new Associated Press-GfK poll shows.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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