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VOL. 128 | NO. 187 | Wednesday, September 25, 2013

AutoZone Reports Mixed Quarterly Results

AutoZone Inc. arguably has shifted temporarily into the slow lane, but the Memphis-based auto parts retailer is confident its engine still has enough horsepower to outrace the competition.

Casting Call

Orpheum seeks theatergoers’ memories for 85th anniversary

One of Pat Halloran’s favorite memories of The Orpheum Theatre Memphis happened back in 1986, when he got the chance to kick around town with Cary Grant for three days.

Complaint: Bank of America Discriminated in Memphis

Bank of America allegedly discriminated against minority neighborhoods and property owners in Memphis in the way it handled bank-owned properties, according to an amended complaint filed with the federal government.

Conservancy Wants Guarantees on Shelby Farms Parkway

The Shelby Farms Park Conservancy wants to see more work toward agreements about a proposed Shelby Farms parkway, including no big-rig truck traffic, that are its conditions for agreeing to the long-discussed road.

County Commission Sees Calmer Session

Ruffled feelings on the Shelby County Commission earlier this month were smoothed for the most part Monday, Sept. 23, as James Harvey chaired the second meeting of his yearlong term as commission chairman.

Local Weather
Today
Memphis, TN
81°F
Mostly Cloudy
Wind: 9 mph
Humidity: 54%

EVENTS

Healthy Memphis Common Table, Healthy Shelby and Qsource will host Care About Your Care on Wednesday, Sept. 25, from 11:30 a.m. to 1 p.m. in The University of Memphis Fogelman Executive Center, 330 Innovation Drive. The event focuses on how health care professionals can work together to improve care transitions to reduce avoidable hospital readmissions. Cost is free. Register at healthymemphis.org.

more events »

Saddle Creek Growth Sign of Future for City

The Shops of Saddle Creek is in store for a multimillion-dollar makeover and expansion, a project that will likely be the first of several development dominoes to fall in Germantown.

Beale Street Landing Fencing Comes Down

The construction fencing separating the public from parts of Beale Street Landing started to come down Tuesday, Sept. 24, signaling some of the construction work is “largely complete,” according to Riverfront Development Corp. president Benny Lendermon.

Select Health Alliance Names Sullivant Chief Medical Officer

Baptist Memorial Health Care’s Select Health Alliance has named Dr. Henry Sullivant as its first chief medical officer. Sullivant will lead the physician-led clinical integration project, with the mission to deliver a better insurance care model that will then go to the marketplace as a collaborative effort between a physician group and a hospital.

Memphis Recognized for Job Creation

Memphis is one of only seven cities cited by the U.S. Chamber of Commerce for its public-private relationships focused on spurring innovation, revitalization and job creation.

Next Step for Harris is Consulting Venture

After stints as a digital media coordinator and technical writer for a handful of companies, Nicole Harris has decided to launch a digital media consulting business to pursue the work she loves full time – while also filling a need she keeps seeing go unaddressed.

Schools Move Focus to Early Childhood

The date still isn’t firm for the Nov. 21 ballot. But the campaign for a half-cent hike in the city’s sales tax rate to fund an expansion of pre-kindergarten in the city of Memphis is underway.

Tigers Prep for New League, Lofty Expectations

As good as last season’s University of Memphis basketball team was – and it won 31 games and got through to a second game in the NCAA Tournament – there is a sense this season’s team can be better.

MEMPHIS NEWSMAKERS

Weddle-West Voted GRE Board Chair-Elect

Dr. Karen Weddle-West, dean of the graduate school, vice provost for academic affairs and director of diversity initiatives at the University of Memphis, has been voted chair-elect of the GRE (Graduate Record Examination) Board. The national board establishes all policies for the GRE program, the most widely used graduate-school admissions test, and oversees GRE assessments, services and research.

LOCAL COLUMNISTS

Top Reasons Salespeople Find Failure

The first in a two-part series Whether you’re in the for-profit or nonprofit world, you have a front-line sales team. It doesn’t matter if they are selling products, services or the benefits of donating to your organization – it’s all sales. There are fundamental skills that make or break all salespeople, regardless of the category they represent. Likewise, there are often universal failures among those who don’t find success in the field.

Everyone Needs a Coach to Reach Peak

Kevin Sheridan, CEO of Rutgers Permanent Painting, was considering refocusing his business on selling a new, higher-quality product. What finally pushed him to jump was Mark Green, one of more than 120 coaching partners with Gazelles.

NATIONAL BUSINESS

Airlines: Who Did DOJ Interview on Merger

DALLAS (AP) – American Airlines and US Airways want to know whom the government interviewed before it sued to block the airlines' merger, and what those people said.

NATIONAL GOVERNMENT

Fed Concerned About Early Trading After Meeting

WASHINGTON (AP) – The Federal Reserve is concerned about suspiciously heavy trading of gold futures after its meeting last week that may have been triggered by a premature release of market-sensitive information.

Study: Pentagon Could Cuts Thousands of Employees

WASHINGTON (AP) – The Defense Department could shed 60,000 more troops than planned and 50,000 civilian employees without hurting U.S. fighting power, four former members of the Pentagon's Joint Chiefs of Staff said in a new report on military strategy and spending.

REAL ESTATE

US Home Prices Rise 12.4 Percent, Most in 7.5 Years

WASHINGTON (AP) – U.S. home prices rose 12.4 percent in July compared with a year ago, the most since February 2006. An increase in sales on a limited supply of available homes drove the gains.

HEALTH CARE

Health Care Law Reuniting Obama, Bill Clinton

NEW YORK (AP) – Health care is reuniting President Barack Obama and former President Bill Clinton.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 70 224 13,880
MORTGAGES 105 298 18,124
FORECLOSURE NOTICES 16 55 3,560
BUILDING PERMITS 0 430 32,733
BANKRUPTCIES 81 211 13,214
BUSINESS LICENSES 23 68 4,773
UTILITY CONNECTIONS 103 307 20,206
MARRIAGE LICENSES 39 72 4,269

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