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VOL. 128 | NO. 135 | Friday, July 12, 2013

Wharton Fires Back at Budget Critics

Memphis Mayor A C Wharton Jr. said some critics of cuts this week in the Memphis Fire Department are the same Memphis City Council members who were critical of his administration for not cutting enough during the just-ended city budget season.

Rockin’ Summer

Big Star film headlines Levitt Shell movie series

Just shy of 40 years after the band Big Star last played at the Overton Park Shell, the short-lived Memphis band is about to have a bigger summer locally than it could have envisioned in 1974.

LeSaint Logistics Leases Space Near Airport

LeSaint Logistics LLC is entering the Memphis market, having recently leased 57,285 square feet at 3300 Jet Cove.

Work Begins on Baptist Women’s Pediatric Emergency Room

Baptist Memorial Health Care Corp. on Thursday, July 11, held a groundbreaking celebration to commemorate beginning construction on a new pediatric emergency department at Baptist Memorial Hospital for Women.

Judge Prohibits Nineteenth Century Club Demolition

A Shelby County General Sessions Court judge has prohibited the owners of the historic Nineteenth Century Club building on Union Avenue from doing any demolition there while an attorney investigates if the sale of the building was legal.

Local Weather
Today
Memphis, TN
73°F
Partly Cloudy
Wind: 6 mph
Humidity: 41%

EVENTS

The Metal Museum will host a reception for “Metal Museum Apprentices: Then and Now” Friday, July 12, from 5 p.m. to 7 p.m. at the museum, 374 Metal Museum Drive. The exhibit is on display through Sept. 8. Visit metalmuseum.org.

more events »

MEMPHIS STANDOUT

Jensen Guided by Service to Neighbors, Community

While some companies have mission statements that stretch on for pages, Larry Jensen has boiled his firm’s strategic vision – and much of his outlook on life – down to a simple equation: FC3.

SPORTS

New Tigers Prepare for Year-Round, 24/7 Attention

Technically, they are next season’s Tigers basketball team. Truthfully, University of Memphis basketball is never out of season.

Goal Remains the Same for All Redbirds

Just a few days ago, Redbirds catcher Rob Johnson stood in the clubhouse at AutoZone Park and talked about the great year teammate Brock Peterson was having. Peterson, a first baseman, had just been named to the Pacific Coast League All-Star team.

LOCAL COLUMNISTS

15 Minutes in Memphis

MEG RYAN, AND 15 MINUTES IN MEMPHIS. The other day, I dropped in to see my jeweler. My jeweler. Has a nice ring to it, doesn’t it? Mine makes 75 bucks off me every single year. I mean, watch batteries aren’t cheap, and I’m going to sweat through at least one watchband every summer.

Perfect Harmony: MBA and MFA Mindsets

Business needs to bridge two universes together: the scientific process taught in schools that offer a Master of Business Administration degree and the creative process taught in Master of Fine Arts degree programs.

Trade Secrets: Important Assets

Just as patents and trademarks are important assets for a company, so are trade secrets. But trade secrets seldom generate much attention, mostly because there isn’t a federal registration system that formalizes and protects them. Yet, a trade secret is a valuable part of the manufacturing process since it is part of a product’s signature and, as such, can distinguish a company’s product from its competitors, as would a trademark or patented feature.

STATE GOVERNMENT

June Revenues $3.2 Million More Than State Budgeted

NASHVILLE (AP) – State Finance Commissioner Larry Martin says overall June revenues were $3.2 million more than the state budgeted.

Measure to Help Students Attend Community Colleges

NASHVILLE (AP) – Tennesseans looking to attend a two-year public community college are getting some assistance.

NATIONAL BUSINESS

US Unemployment Benefit Applications Rise to 360,000

WASHINGTON (AP) – The number of people applying for U.S. unemployment benefits rose 16,000 last week to a seasonally adjusted 360,000, although the level remains consistent with steady hiring.

Retailers Report Strong Gains for June

NEW YORK (AP) – June sales heated up for stores, in a sign that Americans likely will continue to spend during the important back-to-school shopping season.

US Airlines' On-Time Rating Drops Again in May

Summer travelers should pack plenty of patience: More flights are running late this year than in 2012.

NATIONAL GOVERNMENT

US Government Reports $116.5 Billion Surplus in June

WASHINGTON (AP) – The federal government on Thursday reported a rare surplus of $116.5 billion in June, the largest for a single month in five years. The gain kept the nation on track for its lowest annual deficit in five years.

Deal Emerging on Student Loans, Talks Continue

WASHINGTON (AP) – An emerging deal to lower interest rates on student loans took shape Thursday, offering Democrats promises that interest rates would not reach 10 percent and giving Republicans a link between borrowing terms and the financial markets.

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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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