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VOL. 128 | NO. 52 | Friday, March 15, 2013

Fed Study Supports Community Banking

A new study out from the Federal Reserve Bank of St. Louis underscores one reason most banks in the Memphis area are smaller, community institutions.

Rediscovering the Past

Historic Magevney House may reopen to public in spring

High-rise office buildings surround it on two sides and even the multistoried rectory at St. Peter Catholic Church offers a downward view of the Magevney House on Adams Avenue, east of Third Street.

Apperson Crump Expands in Triad III

Memphis’ oldest continuously practicing law firm is expanding its presence in Triad III.

Emerging Terms of Aitken Buyout Crucial to Merger

Countywide school board members could hear the first crucial details Tuesday, March 19, of contract buyout talks under way between their attorney and Shelby County Schools superintendent John Aitken.

Three-Way Race for Local Democratic Leadership

Local Democrats gather Saturday, March 16, for what is already a high-profile race for the chairmanship of the Shelby County Democratic Party.

Local Weather
Today
Memphis, TN
46°F
Cloudy
Wind: 13 mph
Humidity: 87%

EVENTS

Playhouse on the Square will present “Angels in America Part One: Millennium Approaches and Part Two: Perestroika” Friday, March 15, through March 31 at Playhouse, 66 S. Cooper St. Visit playhouseonthesquare.org for times and tickets.

more events »

Gramercy Capital Acquires $25 Million Distribution Facility

Gramercy Capital Corp. has acquired Hacks Cross Logistics Center Building 1 in Olive Branch for $24.65 million from Hillwood Investment Properties.

SPORTS

Likeability Loses Shine if Tigers Can’t Deliver

Tigers coach Josh Pastner likes to talk about how there are three parts to the college basketball season. The University of Memphis aced their final run through the Conference USA regular season (going 16-0 in Part 1).

Post-Trade Grizzlies Finding Identity

When Rudy Gay talked to Yahoo Sports about needing a change, about the trade from Memphis to Toronto being good for him, all the focus fell on the following quote about Memphis’s new ownership group:

MEMPHIS STANDOUT

Love of Culinary Arts Leads Hartsfield to Catering

Wade Hartsfield’s career plan to become a nurse took a detour when he took a part-time job with a catering company to help pay for nursing school.

LOCAL COLUMNISTS

Shared Bites

OF KATZ AND RATS, DADS AND DONUTS. Howard and I were having breakfast. It was supposed to be about business. Turns out it was about monkeys and parakeets and donuts and dawns and day-olds, about his Memphis and mine, about ours.

‘Lean In’ for Leadership In Nonprofit Career

Sheryl Sandberg, the chief operating officer of Facebook has a new book out. “Lean In” has generated a lot of media attention. It’s all about women and leadership in the business world. Bottom line: she encourages women to seek leadership-level positions. Listening to the news stories we asked ourselves, “what about the nonprofit sector?”

STATE GOVERNMENT

Ramsey Wants Committee to Clear Supermarket Wine

NASHVILLE (AP) – Senate Speaker Ron Ramsey says he wants to a supermarket wine bill to clear his chamber's committees even though the House version failed this week.

Constitutional Concerns Raised Over Vanderbilt Police Bill

NASHVILLE (AP) – The state's attorney general has raised constitutional concerns over an effort to strip Vanderbilt University of its police force because of a nondiscrimination policy for student groups.

Senate OKs Bill to Protect College Student Counselors

NASHVILLE (AP) – The Senate has approved legislation that would protect student counselors at public higher education institutions who withhold their services because of religious beliefs.

Senate Approves Virtual School Measure

NASHVILLE (AP) – Gov. Bill Haslam's proposal to tighten enrollment requirements at privately run online schools has passed the Senate.

Harwell Travels to Pennsylvania for Mother's Funeral

NASHVILLE (AP) – Rep. Curtis Johnson is presiding over the Tennesee House while Speaker Beth Harwell is away to attend to her mother's funeral.

Black Keys Manager Denies Pressuring Adversary

NASHVILLE (AP) – As Tennessee lawmakers consider a proposal to crack down on ticket scalping, a Nashville lawyer who opposes the bill alleges that a manager of The Black Keys tried to persuade him to change his position in exchange for tickets to a performance by the band.

Bill to OK Riding Without Helmet Advances

NASHVILLE (AP) – A proposal to do away with the state's motorcycle helmet law passed a Senate panel on Wednesday despite Gov. Bill Haslam's opposition.

NATIONAL BUSINESS

Poll Finds Attitude Shift Among Working Moms

WASHINGTON (AP) – Working mothers increasingly want full-time jobs, and tough economic times might be a big reason, according to a national survey.

Nucor Projects Lower-Than-Expected First-Quarter Profit

CHARLOTTE, N.C. (AP) Steelmaker Nucor Corp. on Thursday projected a first-quarter profit well below current Wall Street predictions, saying that its mills haven't gotten the seasonal boost that they typically do during the quarter.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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