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VOL. 128 | NO. 95 | Wednesday, May 15, 2013

TruGreen Sags ServiceMaster Earnings

The ServiceMaster Co. saw operating revenue and operating income decline during the first three months of 2013.

Drugstore Corridor

Walgreens bringing another store to East Memphis

Walgreen Co. is building a new store on Poplar Avenue in East Memphis amid some of the most important and valuable commercial real estate in the city.

School Board Examines Budget Fine Print

The funding gap for the still tentative schools merger stands at an even $35 million in new funding.

Screwpulp Aims to Make Publishing Simpler

With a name like Screwpulp, it’s not hard to figure out how the founders of the startup feel about the current state of the publishing industry.

Hospital Billings Vary Widely in Memphis

Government data released for the first time last week showed that hospitals across the nation bill Medicare widely different amounts for the same procedures.

Local Weather
Today
Memphis, TN
53°F
Partly Cloudy
Wind: 0 mph
Humidity: 80%

EVENTS

Families of Incarcerated Individuals Inc. will host a rebranding event Wednesday, May 15, from 11:30 a.m. to 12:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. The organization will unveil its revamped programs and services. Call 726-6191.

more events »

FedEx Plans Center in Southwest Illinois

FedEx Corp. is building a $23.5 million ground distribution facility in southwestern Illinois that will process 10,000 packages an hour once fully operational.

MEMPHIS NEWSMAKERS

Brimhall Named Bartlett Entrepreneur of Year

Terry Brimhall, founder and president of Brimhall Foods Co. Inc., has been named entrepreneur of the year by the Bartlett Area Chamber of Commerce.

LOCAL COLUMNISTS

Employ Both Push and Pull Marketing

The future of push vs. pull marketing is a hot debate. With social media continually on the rise, there’s a trend to disregard push marketing in its entirety. That’s a mistake. Not only is there a place for both, limiting yourself to one over the other will inhibit your ability for profitable growth.

How High Can We Go?

Total stock market returns combine dividends with a change in earnings and a change in multiples. Right now, the dividend yield on the S&P 500 is 2 percent. The earnings estimate for the S&P 500, for year-end 2014 as projected by Standard and Poor’s, approximates $120, as trailing earnings equal $100 per share.

Forming the Second Wave

Most businesses start with vigor and willpower. Truly breakthrough businesses launch and fly with such an impassioned sense of mission that it changes the market and the communities where their offices are located.

Non-Financial Fraud’s Growing Threat

Conventional fraud is all too familiar, including misappropriation of assets (better known as employee theft) and financial statement fraud (Enron, WorldCom and Stanford Financial Group).

STATEWIDE

Tennessee Plans to Honor Summitt With Sculpture

KNOXVILLE (AP) – Tennessee plans to honor former Lady Vols coach Pat Summitt by building an on-campus statue in her honor.

NATIONAL BUSINESS

Dell Raises Intrigue by Rescheduling Earnings Report

ROUND ROCK, Texas (AP) – Struggling personal computer maker Dell will report its latest quarterly earnings ahead of schedule in a move likely to spur speculation that the results will be dismal.

Delta Leads for Most Airline Fees Collected

NEW YORK (AP) – U.S. airlines collected more than $6 billion in baggage and reservation change fees from passengers last year – the highest amount since the fees became common five years ago.

NATIONAL GOVERNMENT

Justice Department to Investigate IRS Targeting of Tea Party

WASHINGTON (AP) – The Justice Department is opening a criminal investigation into the Internal Revenue Service's targeting of tea party groups for extra scrutiny over whether they qualified for tax exempt status, Attorney General Eric Holder announced Tuesday.

TECHNOLOGY

RIM Unveils Cheaper BlackBerry

ORLANDO, Fla. (AP) – Research In Motion unveiled a lower-cost BlackBerry aimed at consumers in emerging markets on Tuesday, and said it will offer its once-popular BlackBerry Messenger service on iPhones and devices running Google's Android software.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 311 15,028
MORTGAGES 83 338 19,668
FORECLOSURE NOTICES 15 58 3,853
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 65 247 14,281
BUSINESS LICENSES 16 120 5,111
UTILITY CONNECTIONS 70 316 21,749
MARRIAGE LICENSES 18 93 4,650

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