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VOL. 129 | NO. 84 | Wednesday, April 30, 2014

International Paper Posts $95 Million First-Quarter Loss

Memphis-based International Paper Co. showed a net loss of $95 million for the first quarter of 2014, the company reported Wednesday, April 30.

Untapped Potential

Tennessee Brewery draws thousands of visitors in first weekend

Since April 24, a crowd estimated at a few thousand people has flocked to the castle-like structure at 495 Tennessee St. for the chance to hang out at the Tennessee Brewery and enjoy a bar, food trucks, music and good company.

Schools Wish List Comes to $51 Million

Shelby County Commissioners take their first budget vote next month on a $51 million capital list for Shelby County Schools in the current fiscal year.

Imagination Library Celebrates 20 Million Books to Kids

The Books From Birth program, originated in Tennessee, marked its 10th anniversary Monday, April 28, in Memphis with its 20 millionth book going to a 3-year-old girl.

Piscotty Becomes Memphis’ Forgotten Prospect

Memphis Redbirds outfielder Oscar Taveras is the St. Louis Cardinals’ top prospect. Memphis outfielder Randal Grichuk was the one to get called up to St. Louis this week as the Cardinals try to pump some life into their struggling offense.

Local Weather
Today
Memphis, TN
59°F
Partly Cloudy
Wind: 9 mph
Humidity: 69%

EVENTS

Talk Shoppe will host Speed Networking: Scoring Business Leads With Fast Pitches & Race Around the Bases Wednesday, April 30, from 9 a.m. to 10 a.m. at DeVry University, 6401 Poplar Ave., sixth floor. Baseball attire optional. Cost is free. Visit talkshoppe.biz.

more events »

UT Health Science Center Associate Dean Steps Down

Robert G. Shreve is relinquishing his role as associate dean for medical education in the University of Tennessee Health Science Center’s College of Medicine on June 16. Shreve will continue in a full-time administrative role in the office of medical education until he retires at the end of the year.

NEWSMAKERS

Miles to Lead Germantown Community Theatre

Michael D. Miles took over as executive director of Germantown Community Theatre Monday, April 28, about two weeks before the theater closes its 2013-2014 season with “A Funny Thing Happened on the Way to the Forum” May 16 to June 1.

LOCAL COLUMNISTS

Are Traditional Websites Dead?

While reports of the death of corporate websites have been exaggerated, there’s no denying that traditional sites are experiencing significant traffic declines.

Low Expectations Catch Up With Reality

There is no better propellant for a market than low expectations. The S&P 500 has gained roughly 3.5 percent during this earnings season as expectations recalibrated with reality.

STATEWIDE

Glass Factory to Open in Kingsport, Bring 237 Jobs

KINGSPORT, Tenn. (AP) – State officials say a glass manufacturing company plans to locate a plant in northeastern Tennessee that will bring more than 200 jobs to the area.

HCA First-Quarter Profit Climbs But Misses Expectations

NASHVILLE (AP) – Shares of HCA Holdings Inc. slipped Tuesday after the hospital operator reported first-quarter earnings that inched up but fell short of Wall Street's expectations.

STATE GOVERNMENT

Haslam, Bredesen Kick Off Constitutional Campaign

NASHVILLE (AP) – Republican Gov. Bill Haslam and his Democratic predecessor, Phil Bredesen, are kicking off a campaign in support of a constitutional amendment on the way Tennessee Supreme Court justices and appeals judges are appointed and retained.

REGIONAL

Employee Opens Fire at FedEx Sorting Center

KENNESAW, Ga. (AP) – A FedEx employee wearing ammunition draped across his chest "like Rambo" opened fire Tuesday at a package-sorting center outside Atlanta, wounding six people before apparently committing suicide, police and witnesses said.

NATIONAL BUSINESS

US Economy Likely to Rebound From Slow 1st Quarter

WASHINGTON (AP) – Expect a dreary report Wednesday when the government issues its first estimate of how fast the U.S. economy grew in the January-March quarter. Brutal weather kept consumers and businesses in hibernation for much of the winter and likely slowed growth to a scant annual pace of just 1.1 percent.

US Consumer Confidence Dips in April

WASHINGTON (AP) – U.S. consumer confidence fell in April over concerns about hiring and business conditions, even though many people foresee a strengthening economy in the months ahead.

HEALTH CARE

House Passes Bipartisan Fix to Health Law

WASHINGTON (AP) – The House has approved bipartisan legislation that would exempt U.S. health plans sold to expatriate workers from having to comply with requirements under the Affordable Care Act.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

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