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VOL. 128 | NO. 241 | Wednesday, December 11, 2013

AutoZone Posts 7.2 Percent Gain in Profit

Memphis-based AutoZone Inc. saw its profit rise 7.2 percent during the company’s just-ended fiscal first quarter, a strong start to the company’s new year that equated to a $14.6 million increase in net income over the same period in 2012.

‘Growth Mode’

RocketFuel hitting stride as it makes bigger plans for 2014

The fun, quirky vibe found at Memphis-based Web design company RocketFuel is readily apparent via things like remote-controlled helicopter jousting sessions between employees, and life-sized cutouts of figures like Spock in the office.

School Board Approves Germantown Schools Agreement

Shelby County Schools board members approved an agreement with the forming Germantown Schools municipal district Tuesday, Dec. 10, that SCS superintendent Dorsey Hopson said kicks off a period of even greater change for public education in Memphis.

County Commission to Discuss Ballpark Property

Two days after Memphis City Council members again delayed approval of a deal for city ownership of AutoZone Park, Shelby County Commissioners are to discuss the county’s part of the arrangement in their committee sessions.

‘Flight’ Takes Center Stage at Chamber Luncheon

Southwest Airlines provided everyone in the nearly 1,000-person crowd at the Greater Memphis Chamber’s annual chairman’s luncheon Tuesday, Dec. 10, with a voucher worth $100 to use on a flight.

Local Weather
Today
Memphis, TN
61°F
Partly Cloudy
Wind: 20 mph
Humidity: 75%

EVENTS

The Shelby County Trustee’s Office will host a “Home Sweet Home” workshop for seniors Thursday, Dec. 12, from 10 a.m. to noon at the Frayser/Raleigh Senior Center, 3985 Egypt Central Road, and Friday, Dec. 13, from 10 a.m. to noon at the J.K. Lewis Senior Center, 1188 North Parkway. Trustee staff will provide information on senior property taxes and how to effectively pass property to heirs. Cost is free. Visit shelbycountytrustee.com.

more events »

Stites & Harbison Brings Patent Expertise to Bioworks

In an effort to enhance expertise in patent cases among U.S. district judges, the 10-year Patent Pilot Program went into effect assigning patent cases to 14 federal district courts in 2011. The U.S. District Court for the Western District of Tennessee was one of those courts chosen.

Council Changes Ballpark Terms, Delays Approval

Memphis City Council members received some more answers Monday, Dec. 9, to their questions about the proposal for the city to buy AutoZone Park. But some of those answers were different than the ones they got to the same questions last week.

Pondexter’s Injury Latest Setback for Grizzlies

Quincy Pondexter met with the media before the Monday, Dec. 9, game against the Orlando Magic at FedExForum. In a hallway outside the Grizzlies’ locker room, using crutches to move in front of cameras and tape recorders. This is how it goes these days.

MEMPHIS NEWSMAKERS

Scartozzi Named Sales Director at Hilton Memphis

Heidi Scartozzi has joined the Hilton Memphis, managed by Davidson Hotels & Resorts, as director of sales. Scartozzi is a 15-year hospitality veteran, most recently serving as a regional director of sales for JQH Hotels and Resorts, servicing 13 hotels on the West Coast.

LOCAL COLUMNISTS

Don’t Lose Your Investment Balance

Ray’s Take What’s the right portfolio balance for you? There are no stock answers (no pun intended). The makeup of your personal stock, bond and investment portfolio balance is as individual as your fingerprints. It depends on your age, the number of kids you have, your fixed and discretionary costs, your income, risk tolerance, your health, your spending habits, and much more – not to mention your specific financial goals.

NATIONAL BUSINESS

US Ban on High-Risk Bank Trades Approved

WASHINGTON (AP) – U.S. regulators have taken a major step toward reining in high-risk trading on Wall Street, banning the largest banks from trading for their own profit in most cases.

US Wholesale Stockpiles Grow 1.4 Percent in October

WASHINGTON (AP) – U.S. wholesale businesses boosted their stockpiles in October by the most in two years as their sales rose sharply, encouraging signs for economic growth in the final three months of the year.

E.W. Scripps Buys Startup Newsy for $35 Million

The E.W. Scripps Co., which owns newspapers and TV stations, said Monday that it bought video news startup Newsy for $35 million to help it enter the digital video business.

NATIONAL GOVERNMENT

Court Won't Rule on Union-Casino Agreement

WASHINGTON (AP) – The Supreme Court won't decide the legality of an agreement between a union and a Florida casino in which the business helped the union organize in return for help with a ballot initiative on gambling.

IRS Nominee on Track for Approval Despite Acrimony

WASHINGTON (AP) – President Barack Obama's choice to head the Internal Revenue Service told senators Tuesday he will work to restore public trust in the agency in the wake of the tea party scandal even as the IRS takes on new responsibilities administering the president's health care law.

Bipartisan Negotiators Seek Modest Budget Pact

WASHINGTON (AP) – Republican and Democratic negotiators reached out for a budget agreement Tuesday to reduce automatic spending cuts aimed at programs ranging from parks to the Pentagon, risking a backlash from liberals and conservatives that highlighted the difficulty of compromise within divided government.

HEALTH CARE

Bipartisan Fix Advancing for Medicare Doctors' Pay

WASHINGTON (AP) – It's that time of year again: doctors caring for Medicare patients once more face a steep pay cut. But this time Congress is pursuing a permanent fix to the annual drama that has undermined the medical profession's confidence in the nation's premier health program.

TECHNOLOGY

Tech Firms Vie to Protect Personal Data, Profits

SAN FRANCISCO (AP) – Even as Silicon Valley speaks out against the U.S. government's surveillance methods, technology companies are turning a handsome profit by mining personal data and peering into people's online habits.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

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