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VOL. 129 | NO. 7 | Friday, January 10, 2014

Raymond James Looks to Sublease Space

Raymond James Financial Inc. is marketing space it has vacated at its 21-story Downtown office tower for subleasing opportunities as the company continues to evaluate its real estate needs.

Electrolux Cooks

New oven plant makes public debut

Executives at Electrolux Major Appliances North America formally opened their Memphis plant Thursday, Jan. 9, at Frank C. Pidgeon Industrial Park.

Midtown Medical Office Building Sells for $2.6 Million

A partnership of two Utah-based companies has acquired a medical office building on Union Avenue near Overton Square.

Smucker to Upgrade Peanut Butter Production

The J.M. Smucker Co. plans to increase investment at its Southeast Memphis facility but will hire fewer new employees than the company promised last year.

Luttrell: Financial ‘Perfect Storm’ Over

Shelby County Mayor Mark Luttrell doesn’t see the storm he saw last year at about this time.

Local Weather
Today
Memphis, TN
79°F
Fair
Wind: 9 mph
Humidity: 74%

EVENTS

The Whitehaven Partnership will meet Friday, Jan. 10, from 2:30 p.m. to 3:30 p.m. at the Whitehaven branch library, 4120 Millbranch Road. Shelby County Trustee David Lenoir, and representatives from the Memphis Police Department and other city agencies will discuss improving Whitehaven neighborhoods. Email cburton615@hotmail.com or call 345-3695.

more events »

Veteran Marketer to Discuss Loyalty at Chamber Lunch

Chris Malone, a veteran marketer who has worked with organizations such as the NBA and The Coca-Cola Co., will be the featured speaker this month at the Greater Memphis Chamber’s Small Business Council program launch luncheon.

SPORTS

Tigers' Life in ‘Real’ Conference Off to Tough Start

The Tigers’ first home game in the American Athletic Conference started with great promise. When guard Joe Jackson dunked to finish off a fastbreak and give the Tigers an 8-2 lead over Cincinnati, FedExForum was rocking.

Can ‘Cardinal Way’ Improve Park Attendance?

To put it in the game’s terms, the Memphis Redbirds/AutoZone Park/St. Louis Cardinals defeated political skepticism and doubt by a score of 8-4 and saved baseball at Third and Union for many summers to come.

LOCAL COLUMNISTS

Give Me My Money

IT’S MINE, AND I WANT IT BACK.

Learning to Stand Out From the Pack

Many people think they know what it is that makes one candidate stand out from another. Some think it’s an expensive graduate degree. Others say it’s the ability to take on loads of student debt, or being born into the right family. Although a pedigree from a good school and being in the right social circle never hurts, it usually won’t be the deciding factor between you and another candidate.

MEMPHIS AREA

Fred's Seeks Strategic Options After Weak Sales

Shares of Fred's Inc. hit an 8-year high Thursday after the discount retailer said it will seek strategic opportunities and announced a revamp of its merchandising and marketing team after a weak holiday shopping season.

STATEWIDE

Pilot Settles Lawsuit With Nashville Company

KNOXVILLE (AP) – A Nashville trucking firm has settled its lawsuit over rebate fraud by the Pilot Flying J truck stop company owned by the family of Cleveland Browns owner Jim Haslam and Tennessee Gov. Bill Haslam.

New Tennessee Blue Book Dedicated to Pat Summitt

NASHVILLE (AP) – The state of Tennessee is honoring Lady Volunteers Head Coach Emeritus Pat Summitt by dedicating the new edition of the Tennessee Blue Book to her.

NATIONAL BUSINESS

Retailers of All Stripes Sing Holiday Blues

NEW YORK (AP) – Several major retailers slashed their fiscal fourth-quarter profit forecasts this week in the latest sign that Americans didn't spend briskly during the holiday shopping season.

BancorpSouth Acquires Louisiana Bank

TUPELO, Miss. (AP) – BancorpSouth has announced an agreement to acquire Monroe, La.-based Ouachita Bancshares Corp. and its main subsidiary, Ouachita Independent Bank.

NATIONAL GOVERNMENT

AP Exclusive: New Jobless Benefit Plan Advanced

WASHINGTON (AP) – Senate Majority Leader Harry Reid expressed optimism Thursday about chances for compromise on jobless legislation, and officials said talks were focused on a scaled-back program that is fully paid for and would provide up to 31 weeks of benefits for the long-term unemployed.

HEALTH CARE

Some Find Health Insurers Have No Record of Them

INDIANAPOLIS (AP) – Record-keeping snags could complicate the start of insurance coverage this month as people begin using policies they purchased under President Barack Obama's health care overhaul.

Food Industry Cuts Calories Four-Fold Over Pledge

WASHINGTON (AP) – Some of the nation's largest food companies have cut daily calorie counts by an average of 78 per person, a new study says, more than four times the amount the industry pledged to slash by next year.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 43 43 12,074
MORTGAGES 78 78 15,834
FORECLOSURE NOTICES 0 0 3,130
BUILDING PERMITS 0 0 28,832
BANKRUPTCIES 97 97 11,768
BUSINESS LICENSES 18 18 4,292
UTILITY CONNECTIONS 190 190 17,922
MARRIAGE LICENSES 43 43 3,711

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