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VOL. 128 | NO. 81 | Thursday, April 25, 2013

Georgia-Pacific Pays $1.5 Billion for Buckeye Technologies

Memphis-based Buckeye Technologies Inc. is being bought by Georgia-Pacific LLC, the two companies announced Wednesday, April 24.

Light Years Ahead

UV product from Memphis-based Lumalier reduces hospital infections

About 1 out of every 20 hospitalized patients in the U.S. will acquire another infection during the course of their treatment, according to the Centers for Disease Control and Prevention.

FedEx Wins $10.5 Billion Contract With USPS

FedEx Corp. said Tuesday, April 23, it won a $10.5 billion contract to carry mail between domestic airports for the U.S. Postal Service.

Kroger Plans $100 Million Overhaul of Stores

The footprint of the city’s dominant grocery store will undergo a facelift worth tens of millions of dollars over the next five years.

Questions Kick Off City Budget Hearings

Memphis City Council members opened budget committee hearings Tuesday, April 23, on the clock and with lots of questions about what seemed to some like different budget numbers from last year at this time by the administration of Memphis Mayor A C Wharton Jr.

Local Weather
Today
Memphis, TN
87°F
Partly Cloudy
Wind: 3 mph
Humidity: 53%

EVENTS

Friends for Life will host the fifth annual Dining Out for Life, part of a national fundraiser for AIDS support organizations, Thursday, April 25. Visit diningoutforlife.com/memphis for a list of restaurants donating a portion of proceeds from Thursday sales.

more events »

Reaction Mixed to School Closings Plan

There is a joke going around among school administrators across the country in the wake of the decision by Chicago school leaders to close more than 50 schools there.

New Schools Computer System Behind Schedule

One of the earliest items on the schools merger checklist was a new computer system that would handle the payroll and other human resources needs of Shelby County’s two school systems once they become one at the start of the new fiscal year July 1.

Dickerson Learns Unintentional Consequences

As a freshman lawmaker, state Sen. Steven Dickerson, R-Nashville, said he spent his first legislative session “pretty-tightly circumscribed.”

MEMPHIS LAW TALK

Public Defender Role Lets Bell Help Others

For assistant federal defender David Bell, the urge to be a lawyer was precipitated by the urge to help people.

LOCAL COLUMNISTS

Should You Delay Drawing Social Security?

Ray’s Take Persistent high unemployment and more than a decade of volatile stock markets have many people anxious to draw Social Security as early as possible even if they are shy of full retirement age. Some are so anxious about the system they want to get what they can before it goes bust. No one has a crystal ball, but more often than not, this is not the best plan.

Please, Please Belize! Part 1

A decade ago in this space, I told a story about receiving multiple hang-up phone calls between midnight and dawn over a period of several weeks. Via Caller ID and returning some of these calls at later times, I learned the Greyhound Federal Credit Union’s toll-free automated line was one digit off from a toll-free number I’d acquired years earlier. Somehow, I got the issue resolved with Greyhound.

Rotten Golden Apples in a Can

It has been a particularly tough stretch for sage taxicab investors. My recent taxi tips have centered on three clear winners. Gold, Apple and Cash. Let’s evaluate.

STATEWIDE

Haslams Try to Halt Fallout From FBI Raid on Pilot

NASHVILLE (AP) – Tennessee's Haslam family is furiously trying to control the damage following a federal investigation into the family business that could threaten to unravel decades of growing wealth and influence that spans business, sports and politics in the state and beyond.

NATIONAL GOVERNMENT

White House 'Open' to Flexibility in FAA Cuts

WASHINGTON (AP) – The White House now says it's willing to consider legislation that would give the administration the budget-cutting flexibility to avoid furloughs of air traffic controllers.

House GOP Gears Up for Debt Showdown This Summer

WASHINGTON (AP) – Get ready for another debt showdown this summer. House Republicans are preparing for one.

House Bill Shifts Funds in Health Care Law

WASHINGTON (AP) – After dozens of attempts to overturn the new health care law, House Republicans on Wednesday took a different tack, promoting legislation that would come to the rescue of a prominent program in the new law at the expense of another vital element of the law.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 56 212 11,977
MORTGAGES 68 295 15,645
FORECLOSURE NOTICES 23 80 3,103
BUILDING PERMITS 0 606 28,832
BANKRUPTCIES 81 291 11,598
BUSINESS LICENSES 29 102 4,257
UTILITY CONNECTIONS 89 428 17,611
MARRIAGE LICENSES 20 81 3,645

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