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VOL. 128 | NO. 227 | Wednesday, November 20, 2013

Lafayette's Music Room Returns to Overton Square

Some 38 years after it closed, the Lafayette’s Music Room brand is returning to a revitalized Overton Square.

Childcare Options

Busy Memphis families find nannies as good alternative

When most people hear the word “nanny,” they probably think of Mary Poppins or Fran Fine or some other fictional character employed by incredibly wealthy people.

Arlington and Lakeland School Pacts Get Unanimous Approval

The Shelby County Schools board approved unanimously Tuesday, Nov. 19, agreements to sell four school buildings and material in those school buildings to the forming Arlington and Lakeland municipal school systems.

Medtronic Revenue Rises; Spine Business Sags

Medtronic Inc. on Tuesday announced increased net income company-wide, while business at its Memphis-based spine division sagged.

Council Approves Crosstown Plans and Water Rate Hike

Memphis City Council members approved the Crosstown planned development Tuesday, Nov. 19, marking the latest move through local government for the $180 million project with construction scheduled to begin late this year or early next year.

Local Weather
Today
Memphis, TN
46°F
Fair
Wind: 0 mph
Humidity: 79%

EVENTS

Tennessee Shakespeare Co. will present “It’s a Wonderful Life: A Life Radio Play” Wednesday, Nov. 20, through Dec. 8 in the Dixon Gallery and Gardens Winegardner Auditorium, 4339 Park Ave. Visit tnshakespeare.org.

more events »

Elvis’ Intellectual Property Rights Sold

Authentic Brands Group, a New York City intellectual property corporation, has bought Elvis Presley’s intellectual property and the right to operate Graceland from CORE Media Group, becoming the latest of four companies to own a majority share in the intellectual property assets of the late Memphis entertainer.

Mid-South Fair Leaders Seek Memphis Return

The president of the Mid-South Fair told Memphis City Council members Tuesday, Nov. 19, that the nonprofit organization wants to return to Memphis.

Arlington, Lakeland Schools Deals Show Complexity

The Arlington and Lakeland school boards aren’t even in office yet and there is already a tentative agreement with Shelby County Schools on buildings and attendance zones for the two suburban districts.

AutoZone Caps Milestone 2013 With Record Results

Not only is AutoZone Inc. an earnings machine, but the company continues to generate results other public companies might have reason to envy.

Commission Begins Debate on Pay for Elected Offices

Shelby County Commissioners voted Monday, Nov. 18, to keep their annual pay at $29,100 for the term of office that begins Sept. 1, 2014, after the August county general elections.

UTHSC’s Chisholm-Burns Honored by Pharmacists Society

Dr. Marie Chisholm-Burns has been busy in her first two years as dean of the College of Pharmacy at the University of Tennessee Health Science Center.

DOMA Repeal Headlines Planning Discussion

Financial adviser Brian Douglas has the hard-earned designations you’d expect to find in a professional with nearly a decade of experience in the industry, including certified financial planner, chartered retirement planning counselor and, added this year, Five Star Wealth Manager award winner.

MEMPHIS NEWSMAKERS

Gonitzke Named CEO of National Foundation for Transplants

Connie Gonitzke has been appointed president and CEO of the National Foundation for Transplants. Gonitzke joined the Memphis-based organization in 2002 as a patient advocate. In 2006, she was named director of resource development, and in 2008, she became the senior vice president of development.

LOCAL COLUMNISTS

Online Marketing Ideas for the Holidays

December is crunch time for retailers and B2B companies reliant upon crucial holiday sales to hit annual sales targets. In fact, Google reports that 70 percent of consumers wait to make holiday purchases until after Thanksgiving, with the majority conducting at least some of that shopping online.

STATEWIDE

Tennessee Focusing on Road Safety

NASHVILLE (AP) – The Governor's Highway Safety Office and the Tennessee Highway Patrol are reaching out to communities across the state to offer help in reducing traffic fatalities.

STATE GOVERNMENT

Haslam OKs Health Plan Extension

NASHVILLE (AP) – Gov. Bill Haslam said Tuesday that he will allow an extension to Tennessee residents whose health insurance plans were deemed invalid under the federal health care law.

NATIONAL BUSINESS

JPMorgan, Government Finalizes Deal

WASHINGTON (AP)JPMorgan Chase & Co. has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank's sales of low-quality, high-risk mortgage-backed securities that collapsed in value during the U.S. housing crisis.

Best Buy Posts Third-Quarter Profit, Sales Flat

NEW YORK (AP) – Best Buy says it is committed to "winning" the holiday season with price matching, doorbusters and deals as well as its earliest ever opening hours on Thanksgiving – even if that means profit pressure for the electronics retailer in the fourth quarter.

Wal-Mart Ups Price Matching Before Holiday Start

NEW YORK (AP)Wal-Mart Stores Inc. says it's matching the Black Friday prices on a total of 100 toys and electronics from key rivals one week ahead of the traditional start.

United Airlines Aims for $2 Billion in Cost Savings

United Airlines said Tuesday that it will cut costs, overhaul its website, and shift flying from Asia to Europe as it aims to keep shareholders happy.

NATIONAL GOVERNMENT

Obama Announces $100 Million in Education Grants

WASHINGTON (AP) – President Barack Obama has announced $100 million in grants to help better prepare high school students to compete in the global economy.

Key Democrat Pushes Tax Reform Amid Partisan Bickering

WASHINGTON (AP) – The top Democratic tax writer in the Congress is trying to jumpstart stalled efforts to rewrite the nation's tax laws. But he is running into the same kind of partisan roadblocks that plague most major initiatives in Washington.

TECHNOLOGY

Jury Set to Decide How Much Samsung Owes Apple

SAN JOSE, Calif. (AP) – A Silicon Valley jury asked a judge for calculators Tuesday to help it determine how much Samsung Electronics owes Apple for copying key features of the iPhone and iPad.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 15,378
MORTGAGES 125 389 20,168
FORECLOSURE NOTICES 0 86 3,972
BUILDING PERMITS 0 441 36,283
BANKRUPTCIES 53 231 14,574
BUSINESS LICENSES 9 64 5,193
UTILITY CONNECTIONS 71 312 22,129
MARRIAGE LICENSES 0 73 4,736

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The Memphis News: Business, politics, and the public interest.