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VOL. 128 | NO. 40 | Wednesday, February 27, 2013

ServiceMaster Posts Operating Loss in 2012

The ServiceMaster Co. reported an unaudited operating loss of $532.8 million in 2012 on operating revenue of $3.1 billion.

Downshift

AutoZone blames slower sales on tax refund delay, winter weather

No company is completely immune to the effects of political squabbling in Washington, the stakes of which have intensified lately for the average taxpayer.

Grizzlies Owners Tout ‘Sustained Success’

Every year, FedEx Corp. brings in 50 of the nation’s leading MBA students to try and recruit them to Memphis.

School Board Won't File On Possibility of Special Master

Countywide school board members had plenty to say Tuesday, Feb. 26, about a Memphis Federal Court status conference a day earlier that included the idea of Judge Samuel “Hardy” Mays appointing a special master to oversee some aspects of the schools merger.

Strickland, Carson Given Dunavant Honors

Memphis City Council member Jim Strickland remembers putting on his tie in front of a mirror this month after learning he won the Bobby Dunavant Public Service Award.

Local Weather
Today
Memphis, TN
55°F
Fair
Wind: 10 mph
Humidity: 30%

EVENTS

Black Business Association of Memphis will meet Wednesday, Feb. 27, at 8 a.m. at the association’s office, 555 Beale St. Jozelle Booker of Memphis Light, Gas and Water Division will discuss what MLGW’s recent disparity study means for minority businesses. Visit bbamemphis.com.

more events »

Commission’s Schools Debate Has Political Crossover

When U.S. District Court for the Western District of Tennessee Judge Samuel “Hardy” Mays summoned attorneys from all sides in the schools merger case to his conference room Monday, Feb. 25, there was someone else in the room.

Turley: ‘You Can Be Somebody in Memphis’

Years after Henry Turley experienced the Memphis sanitation workers’ strike and the aftermath of Martin Luther King Jr.’s assassination, took advantage of the Community Reinvestment Act and persuaded banks to reinvest in the Downtown core, not to mention spearheaded revitalization in the Harbor Town and Uptown areas, he’s making a “micro bet” on building nice neighborhoods around excellent schools.

Kroc Center Opens to Big Crowds

To cap off Healthy Heart Month, the new 100,000-square-foot Kroc Center held its open house and ribbon-cutting ceremony last weekend.

Women’s Center Expands Health Care at Memphis VA

The Memphis VA Medical Center at 1030 Jefferson Ave. recently held an open house and ribbon-cutting ceremony to announce the opening of its new $5.3 million Women’s Center, which should help to meet increased demand for services for returning female military personnel.

MEMPHIS NEWSMAKERS

Keller Named President of Nonprofit Meritan

Melanie A. Keller has been named president of Meritan Inc. Keller, who joined the nonprofit social services agency in 2006, previously served as its executive vice president. In her new role, she is responsible for oversight of more than 500 employees and contractors as well as the agency’s $21 million annual budget. Keller also manages its quality improvement and strategic planning efforts.

LOCAL COLUMNISTS

Shift From Monologue to Dialogue

For more than a decade, companies have slowly shifted their focus to fit an era of deep consumer engagement. They have begun to embrace social media management, and they are better integrating print and TV campaigns with their online and social media presence. Unfortunately, it’s not enough.

Alas, Poor Henry and the Problem

According to legend, Henry Ford scoffed at market research and what we now call Consumer Insights, proclaiming, “If I had asked people what they wanted, they would have said faster horses.” While there is a certain degree of wisdom in this statement, it has been misquoted to justify bad, hubris-inspired product failures by too many corporate egos.

MEMPHIS AREA

Permit Approved for Planned Klan Rally in Memphis

MEMPHIS (AP) – A Ku Klux Klan chapter has been granted a demonstration permit to protest the renaming of three Memphis parks that honored the Confederacy and two of its most prominent figures.

Judge Sought in Shelby County to Replace Higgs

MEMPHIS (AP) – The search is on for a new judge in Shelby County after the death of W. Otis Higgs.

STATEWIDE

Supermarket Wine Bill Advances by 1 Vote in Senate

NASHVILLE (AP) – A proposal to allow wine to be sold in Tennessee supermarkets and convenience stores scored its first legislative victory on Tuesday after years of frustration.

NATIONAL BUSINESS

JPMorgan to Trim 4,000 Jobs, Many in Consumer Banking

NEW YORK (AP) – JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff.

Consumer Confidence Rebounds in February

NEW YORK (AP) – Americans seem to be more confident in the economy than they have been in the past few months. But that doesn't mean they're willing to spend more money.

Apple to Hand Out iTunes Credits in Settlement

SAN JOSE, Calif. (AP) – Apple has agreed to give more than $100 million in iTunes store credits to settle a lawsuit alleging that the iPhone and iPad maker improperly charged kids for playing games on their mobile devices.

Suits: More Water, Less Buzz in Bud, Michelob Beer

PHILADELPHIA (AP) – Beer lovers across the country have filed $5 million class-action lawsuits accusing Anheuser-Busch of watering down its Budweiser, Michelob and other brands.

E.W. Scripps Posts Higher Fourth-Quarter Earnings, Revenue

CINCINNATI (AP)The E.W. Scripps Co. reported sharply higher earnings and revenue for the fourth quarter on Tuesday, helped by higher political advertising revenue ahead of the elections last November. The results were also aided by contributions from TV stations the company bought in 2011.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 269 16,682
MORTGAGES 0 313 21,745
FORECLOSURE NOTICES 0 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 0 287 15,829
BUSINESS LICENSES 0 67 5,558
UTILITY CONNECTIONS 0 413 23,986
MARRIAGE LICENSES 0 94 5,129

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