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VOL. 128 | NO. 100 | Wednesday, May 22, 2013

Critical State Report Remakes City Budget

An April report from the Tennessee Comptroller of the Treasury critical of city finances threw the budget season at City Hall into remake mode Tuesday, May 21.

Changing Current

Uptown waterfront plan shifts redevelopment focus to neglected area

The Uptown waterfront along the Wolf River Harbor – the area of the rejuvenated Uptown neighborhood that has for the most part been left out of the revitalization – could soon become a bustling waterfront village, according to a recently released master plan for the area.

AutoZone Beats Forecast in Third Quarter

AutoZone Inc.’s just-ended fiscal third quarter results show why it’s a rarity among public companies.

Medtronic Sees Revenue Rise; Spine Sales Falter

Medtronic Inc. said Tuesday, May 21, its fourth-quarter revenue rose, aided by increasing sales of pacemakers and defibrillators. The figure beat expectations from analysts, who had expected demand to wave.

Shelby County Tax Rate Endgame Takes Shape

To some it’s a calculation with no binding effect on what is to come. To others on the Shelby County Commission it is an indication that a county property tax increase is about to be railroaded through.

Local Weather
Today
Memphis, TN
74°F
Cloudy
Wind: 9 mph
Humidity: 82%

EVENTS

The Rotary Club of Memphis East will meet Wednesday, May 22, at noon at The Racquet Club of Memphis, 5111 Sanderlin Ave. Bill West, founder of The West Clinic, will speak. Cost is $17. R.S.V.P. to Lee Hughes at lmhughes@bellsouth.net.

more events »

Suburbs Return School Districts to Ballot

As three of Shelby County’s six suburban towns and cities locked in July 16 referendums on forming municipal school districts, there were indications of renewed discussions between the suburban leaders and Shelby County Commissioners on the terms of forming those districts.

MEMPHIS NEWSMAKERS

Kramer Given Crystal Award by Carwash Association

Bruce Kramer, an attorney with Apperson Crump PLC, has been given the Crystal Award by the International Carwash Association for his 20 years of service as the association’s general counsel. The association, which was started in Memphis in 1955, is comprised of 15,000 professional car wash operators, retailers and suppliers in 25 nations.

LOCAL COLUMNISTS

Boosting Email Newsletter Results

These days most businesses invest in e-newsletter campaigns, but few realize a return on that significant time investment. Developing a results-driven email newsletter strategy is more of a science than an art, as technological advancements provide a wealth of information about what readers want.

Measuring Innovation With Money

But will it make real money? Innovation is such a heady, ill-defined concept. Innovation is one of those words – like strategy or creativity – that means either nothing or something different to anyone who hears it. But when handled correctly, genuine innovations are the lifeblood of any company’s continued health and success.

The 'Sell in May' Story

The “Sell in May, and Go Away” slogan is common vernacular within the investment sphere. However, for some of our readers who might not be as familiar with this phrase, we will use this week’s writings to review.

STATEWIDE

Vanderbilt Poll: Tennesseans Oppose Online Tax

NASHVILLE (AP) – A majority of Tennesseans oppose the state enforcing online sales taxes, though respondents were split on whether the current system is fair to local businesses, according to a Vanderbilt University poll released Tuesday.

STATE GOVERNMENT

Henry to Become Permanent Children’s Services Commissioner

NASHVILLE (AP) – Gov. Bill Haslam has named interim Children's Services Commissioner Jim Henry to fill the post permanently.

NATIONAL BUSINESS

Apple's Cook Faces Senate Questions on Taxes

WASHINGTON (AP) – The Senate dragged massively profitable Apple Inc. into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions in U.S. taxes.

NATIONAL GOVERNMENT

Former IRS Chief: Can't Say How Targeting Happened

WASHINGTON (AP) – The man who led the Internal Revenue Service when it was giving extra scrutiny to tea party and other conservative groups seeking tax-exempt status told Congress on Tuesday that he knew little about what was happening while he was still commissioner.

Committee Nears Final Vote on Immigration Bill

WASHINGTON (AP) – Far-reaching immigration legislation neared a final committee vote on Tuesday as the White House and Democratic supporters pressed the panel's chairman to delay a showdown over the rights of gay spouses until a debate in the full Senate.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 45 269 13,925
MORTGAGES 99 397 18,223
FORECLOSURE NOTICES 0 55 3,560
BUILDING PERMITS 0 430 32,733
BANKRUPTCIES 72 283 13,286
BUSINESS LICENSES 13 81 4,786
UTILITY CONNECTIONS 0 307 20,206
MARRIAGE LICENSES 0 72 4,269

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