» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 128 | NO. 194 | Friday, October 4, 2013

City Explores Crucial Crosstown Funding

City officials are exploring multiple options for financing $15 million in infrastructure improvements at the Sears Crosstown site, key funding that could make or break the ambitious $175 million project.

Business Lessons

International Paper CEO Talks Leadership Skills

John Faraci answered without hesitation when asked this week about his biggest mistake as a corporate leader.

Crosstown Developers Seek 20-Year PILOT

Developers of the former Sears Crosstown building will seek a 20-year, $41.8 million tax break on the $180 million project from the Center City Revenue Finance Corp. on Thursday, Oct. 10.

Doty Opening Crust & Crumb Nov. 1

Jason Doty, formerly the executive pastry chef and baker for Bluff City Coffee, is opening Crust & Crumb Bakery Nov. 1 at 1620 Madison Ave., inside the Cash Saver grocery that is under renovation now.

Office Team Helps Colliers Expand Local Footprint

As a part of the Colliers International office in Memphis’ growth strategy, the brokerage office has been expanding its presence in the office sector over the past year by adding a new office team consisting of Frazier Baker and Will Barden.

Local Weather
Today
Memphis, TN
78°F
Partly Cloudy
Wind: 0 mph
Humidity: 81%

EVENTS

In-Synk and The Daily News will host a Leadership Lunch & Learn about the book “Reverse Innovation” Friday, Oct. 4, from 11:45 a.m. to 1 p.m. in the Triumph Bank board room, 5699 Poplar Ave. Cost is $20. Visit seminars.memphisdailynews.com.

more events »

Saint Blues Adds New Guitar Models

Thanks to Saint Blues Guitar Workshop, Memphis native and blues guitar player Eric Gales now has a guitar with his name on it.

Community Foundation Awards 15 Nonprofit Grants

The Community Foundation of Greater Memphis has awarded grants totaling $188,500 to 15 area organizations. The Nonprofit Capacity Building grants are meant to help fund the cost of improving operations and increasing efficiency.

Indie Memphis Unveils New Festival Lineup

The lineup for this year’s 16th annual Indie Memphis Film Festival is set.

Seven Suburban School Board Races Contested

The suburban school board races next month come down to seven contested elections in four of Shelby County’s six suburban towns and cities.

SPORTS

Grizz Hope to Extend Honeymoon Period

Marc Gasol got married during the offseason so, naturally, he was asked how he was enjoying married life.

College Football Notebook

College football is played from coast to coast in this great land, but it’s still a small world. The proof? When USC fired head coach Lane Kiffin, who had bolted Tennessee for Southern Cal, assistant Ed Orgeron (Ole Miss head coach from 2005 to 2007) became USC’s interim coach.

Nichols Ready to Back Up Hype

Every player has his favorite spot on the floor, that go-to place where everything seems to slow down, where the player most feels like himself even amid the chaos.

MEMPHIS STANDOUT

Mann Takes on Development Role at Shelby Farms Park Conservancy

Cameron Mann has traded in an office of brick and glass for one of trees and meadow.

LOCAL COLUMNISTS

Good Dog

TRICKS YOUR DOG TEACHES YOU. Last weekend, the Lawsons’ church retreat was interrupted by loss. A dog had to be put down – more than a dog – Posey had to be put down. The fact that she had long been failing didn’t make the vet’s call any easier to answer, the drive north from Mississippi’s Camp Bratton Green any shorter. Posey came before the other children, before the move to Memphis, came to be part of everything and everybody for 16 years.

Go Beyond Insight to Foresight

Foresight is better than insight.

NATIONAL BUSINESS

Weekly US Jobless Aid Applications Tick Up to 308,000

WASHINGTON (AP) – The number of Americans seeking unemployment benefits rose just 1,000 last week to a seasonally adjusted 308,000, hovering near six-year lows. Companies are still cutting very few jobs, however the decline in layoffs has not been accompanied by a pickup in hiring.

Growth at US Service Firms Slows From 8-Year High

WASHINGTON (AP) – Growth at U.S. service companies slowed in September from an eight-year high in August, as sales fell sharply, new orders dipped and hiring weakened.

Holiday Shopping is Expected to Be Up ... Unless

NEW YORK (AP) – Americans, who're increasingly optimistic about improving economic conditions, are expected to spend at a more rapid clip during the upcoming holiday shopping season than they did last year.

NATIONAL GOVERNMENT

Shutdown in Third Day With Debt Trouble Looming

WASHINGTON (AP) – Efforts to resolve the government shutdown were at a standstill Thursday as President Barack Obama and House Speaker John Boehner traded barbs, the Treasury warned of a dire risk to the economy ahead and work in the Capitol was briefly halted because of gunshots outside.

US Treasury Warns of Harm From Debt Default

WASHINGTON (AP) – The U.S. Treasury Department is warning that the economy could plunge into a downturn worse than the Great Recession if Congress fails to raise the federal borrowing limit and the country defaults on its debt obligations.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 327 11,765
MORTGAGES 76 371 15,350
FORECLOSURE NOTICES 41 112 3,023
BUILDING PERMITS 382 972 28,226
BANKRUPTCIES 65 345 11,307
BUSINESS LICENSES 19 117 4,155
UTILITY CONNECTIONS 184 700 17,184
MARRIAGE LICENSES 20 100 3,564

Weekly Edition

Issues | About

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