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VOL. 129 | NO. 21 | Friday, January 31, 2014

Wright Acquires Solana Surgical, Enters Deal for OrthoPro

Arlington-based Wright Medical Group Inc. has closed on its agreement to acquire Solana Surgical LLC of Memphis and has entered into a definitive agreement to acquire OrthoPro LLC of Salt Lake City.

Empowering Programs

Girls Inc. seeks new way to make girls ‘strong, smart and bold’

On a recent Thursday night in January, 10 young girls enjoyed assorted cheeses, crab cakes, fruits and desserts at Napa Café in East Memphis.

Heritage Trail Financing Plans Change

The city of Memphis is making changes in its plans to finance two housing developments that are part of the broader Heritage Trail plan for redevelopment of the area south of FedExForum and into South Memphis.

Ethics Panel Dismisses Roland Complaint Against Chism

The highest profile use of Shelby County government’s ethics policy since it was implemented in 2008 has ended with the three-citizen panel hearing a complaint by County Commissioner Terry Roland against fellow Commissioner Sidney Chism dismissing Roland’s claim.

LeSaint Logistics Expands Memphis Footprint

Less than a year after arriving in Memphis, LeSaint Logistics is already expanding its operations here.

Local Weather
Today
Memphis, TN
95°F
Partly Cloudy
Wind: 10 mph
Humidity: 47%

EVENTS

Network of Memphis will meet Monday, Feb. 3, at 5:30 p.m. at Dixie Cafe, 4699 Poplar Ave. The women’s networking organization will host Mark Dean, executive director and CEO of Volunteer Mid-South. RSVP at networkmemphis.org by Friday, Jan. 31, at noon.

more events »

Women & Business Seminar to Highlight Achievements

Leslie Johnson will be one of the panelists at the Women & Business Seminar Feb. 27 at the Memphis Brooks Museum of Art, but she is not nearly as focused on what she might say during the panel discussion as she is what she might hear.

New Magazine theGRIND Celebrates Memphis

Rhodes College student Kendra Lyons is originally from Alexandria, Va., grew up in New Jersey and came to Memphis to start classes at Rhodes.

SPORTS

Transition to New League Difficult for U of M Women

On Jan. 14 at Elma Roane Fieldhouse, the University of Memphis women’s basketball team knocked off No. 23 Rutgers.

Time a Friend to Grizz

Sometimes, the NBA season feels too long. It can stretch on and on like a West Texas highway. Or the Grammy Awards.

LOCAL COLUMNISTS

Mae Be, Mae Be Not

MAE BE ONTO SOMETHING. State Sen. Mae Beavers – really, that’s her name – has offered legislation that makes it against the law in Tennessee to obey the law in the United States – really, I couldn’t possibly make that up.

Apply Dinner Party Etiquette to Job Search

The title of this column may sound funny. After all, you’re looking for a new job, not a steak and baked potato. On the surface, you’re right, but there are lessons you can carry over from your dinner tonight to your job interview tomorrow morning.

STATE GOVERNMENT

Tennessee Senate Passes Supermarket Wine Bill 23-8

NASHVILLE (AP) – Local governments could hold votes on whether to allow wine sales in supermarkets and convenience stores, under a bill the state Senate passed on Thursday.

NATIONAL BUSINESS

JetBlue, Southwest Win Rights at DC Airport

DALLAS (AP) – Southwest and JetBlue say they are the beneficiaries of a deal requiring American Airlines to give up some of its coveted operating rights at Washington's Reagan National Airport.

Biting Cold Puts a Freeze on Restaurant Business

TOLEDO, Ohio (AP) – The homemade matzo ball and beef barley soups are lost on customers walking into Rascals' NY Deli – because there just aren't very many of them.

US Economy Grew at 3.2 Percent Rate in Q4

WASHINGTON (AP) – The U.S. economy grew at a 3.2 percent annual rate in the October-December quarter on the strength of the strongest consumer spending in three years, an encouraging sign for 2014.

NATIONAL GOVERNMENT

Applications for Jobless Benefits Rise to 348,000

WASHINGTON (AP) – Weekly applications for U.S. unemployment benefits rose 19,000 last week to 348,000, the highest in about a month. But the broader trend in applications remains low.

REAL ESTATE

Fewer Signed Contracts to Buy US Homes in December

WASHINGTON (AP) – Fewer Americans signed contracts to buy previously occupied homes in December, suggesting a slowdown in real estate. Pending home sales fell to the lowest point since October 2011.

Average US Rate on 30-Year Loan at 4.32 Percent

WASHINGTON (AP) – Average U.S. rates for fixed mortgages slipped this week as new data showed a decline in home prices in November and a drop in new homes sales last month.

Wright Acquires Solana Surgical, Enters Deal for OrthoPro

Arlington-based Wright Medical Group Inc. has closed on its agreement to acquire Solana Surgical LLC of Memphis and has entered into a definitive agreement to acquire OrthoPro LLC of Salt Lake City.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 75 255 11,693
MORTGAGES 72 295 15,274
FORECLOSURE NOTICES 3 71 2,982
BUILDING PERMITS 198 590 27,844
BANKRUPTCIES 62 280 11,242
BUSINESS LICENSES 35 98 4,136
UTILITY CONNECTIONS 94 516 17,000
MARRIAGE LICENSES 18 80 3,544

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