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VOL. 128 | NO. 35 | Wednesday, February 20, 2013

Medtronic Sees Revenues Increase

Medtronic Inc. announced on Tuesday, Feb. 19, higher than anticipated revenues of more than $4 billion for its fiscal third quarter ended Jan. 25, marking an increase of 3 percent as reported compared to the same period last year.

In Demand

Master of Social Work graduates facing bright job prospects

Twenty graduate students this spring will become the first to graduate with a Master of Social Work degree from the University of Memphis.

Brothers to Open Brewery on Broad

A new craft brewery is coming to one of Memphis’ up-and-coming areas – the Broad Avenue Historic District.

City Council Approves Fairgrounds TDZ Request

Memphis City Council members approved Tuesday, Feb. 19, plans for a tourism development zone to capture sales tax revenue in a large area for a renovation of the Fairgrounds property at first.

EdR Net Income Improves in Fourth Quarter

EdR reported a net income of $4.8 million in the fourth quarter, compared to a $5.8 million loss during 2011’s fourth quarter.

Local Weather
Today
Memphis, TN
68°F
Cloudy
Wind: 3 mph
Humidity: 84%

EVENTS

Greater Memphis Chamber and Duncan-Williams Inc. will host Job Fuel: 2013 Conference on Job Creation Wednesday, Feb. 20, from 8 a.m. to 10 a.m. at Memphis Cook Convention Center, 255 N. Main St. Jim Clifton, chairman and CEO of Gallup, and Dr. Gene Huang, chief economist and vice president at FedEx, will discuss what leaders need to know about the future of job creation. Cost is $50 per person or $450 per table of 10. Visit memphischamber.com.

more events »

Medtronic Debuts Next-Gen Pacemaker System

Medtronic Inc. is moving forward with the U.S. launch of its next-generation Advisa DR MRI SureScan pacemaker system, following recent U.S. Food and Drug Administration approval.

ZeroTo510 Accelerator Accepting Applications

The ZeroTo510 startup accelerator is now accepting applications from entrepreneurs who’d like to be part of the program’s sophomore season.

August Schools Merger Deadline Remains

The countywide school board voted down two attempts to add resolutions to its agenda Monday, Feb. 18, including one seeking a year’s extension of the August 2013 schools merger start date and another seeking to slow the process while still meeting the date.

MEMPHIS NEWSMAKERS

Spence Named Vice President at Riverfront Development

Dorchelle T. Spence has been promoted to vice president at Riverfront Development Corp. Spence, who formerly served as director of communications, will assume broader organizational responsibilities to focus on providing strategic direction in addition to marketing, public relations, advertising, community relations, programming and government relations.

LOCAL COLUMNISTS

Marketing Strategies to Avoid

Marketing opportunities change so rapidly these days that it can be tough to keep up. If you’re unsure whether your brand is setting the pace or falling behind, take a look at the following marketing strategies to avoid in 2013.

Why Limit Yourself?

When consulting with clients here in the Memphis area, we often have to deliver the bad news first. This bitter pill usually comes in the form of a Sunset Analysis that details when the client’s once market-leading products will be costing more to keep in production than generating revenue.

Quiet Period Could Lead to Frisky Phase

Buyer Intent Building By some analysis, the last two weeks have exhibited the lowest stock market volatility since 1986. While sideways markets are boring, they also reduce anxieties. On average, since 1980, the S&P 500 experienced intra-year declines of 15 percent.

STATEWIDE

Memphis Hospital CEO Chosen to Run Erlanger

CHATTANOOGA, Tenn. (AP) – The trustees of Chattanooga's public hospital have chosen Kevin Spiegel as the new chief executive officer.

STATE GOVERNMENT

Health Care Compact Fails in House Committee

NASHVILLE (AP) – A measure that would allow Tennessee to approach Congress about forming the state's own health care system has failed a second consecutive year after opponents said Tuesday it's unnecessary and could hurt the state's other health initiatives.

Nashville School Board Chair Calls Bill ‘Horrid’

NASHVILLE (AP) – A plan that would let state officials overrule local school board decisions about charter schools in the state's two largest cities is being sharply criticized.

REGIONAL

Coast Guard has No Vessel for Emergencies

VICKSBURG, Miss. (AP) – After a two-barge tow carrying 1.5 million gallons of oil hit the U.S. Highway 80 bridge in the early morning hours of Jan. 27, Coast Guard officials had to rely on a Vicksburg industry to respond.

NATIONAL GOVERNMENT

Supreme Court Will Hear Campaign Donation Limits Appeal

WASHINGTON (AP) – The Supreme Court will hear a challenge to campaign finance laws limiting how much an individual can give to political campaigns.

High Court Seems to Favor Monsanto in Patent Case

WASHINGTON (AP) – The Supreme Court appeared likely Tuesday to side with Monsanto Co. in its claim that an Indiana farmer violated the company's patents on soybean seeds that are resistant to its weed-killer.

REAL ESTATE

US Homebuilder Confidence Dips From 6.5-Year High

LOS ANGELES (AP) – Confidence among U.S. homebuilders slipped this month from the 6.5-year high it reached in January, with many builders reporting less traffic by prospective customers before the critical spring home-buying season.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 64 324 13,221
MORTGAGES 107 477 17,235
FORECLOSURE NOTICES 0 62 3,362
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 64 273 12,616
BUSINESS LICENSES 22 87 4,576
UTILITY CONNECTIONS 71 487 19,380
MARRIAGE LICENSES 0 94 4,003

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