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VOL. 129 | NO. 146 | Tuesday, July 29, 2014

More Charges Loom for FedEx

The U.S. Department of Justice could bring additional charges against FedEx Corp. for its role in shipping prescription medications from illegal online pharmacies, according to court records.

Enduring Connections

Undercurrent celebrates first year of networking for YPs

When Patrick Woods and three colleagues decided to launch a social organization to connect young professionals in Memphis, the name they gave it reflected the similarity of its demographic to a particular flow of water that moves beneath the surface, one that’s unwise to ignore.

Grizzlies Plan ‘Pop-Up Park’ for Tom Lee Park

The Memphis Grizzlies would like to activate Tom Lee Park while generating a community-wide discussion about the highest and best use of green spaces.

Cohen, Wilkins Feud Over Endorsements

Candidates and political strategists who advise those candidates have a complex relationship with endorsements.

International Paper Profits Fall 38 Pct.

International Paper reported second quarter earnings of $161 million Tuesday, July 29, a $98 million drop from the second quarter a year ago when IP reported net earnings of $259 million.

Local Weather
Today
Memphis, TN
73°F
Partly Cloudy
Wind: 9 mph
Humidity: 73%

EVENTS

B.I.G. for Memphis, a business interest group that connects Memphis Police colonels and business leaders, will meet Wednesday, July 30, from 9:45 a.m. to 11:30 a.m. at Phelps Security, 4932 Park Ave. Shelby County Mayor Mark Luttrell will present the State of the County. Visit phelpssecurity.com.

more events »

Grizz Retain Wallace, Hire Stefanski

The Memphis Grizzlies are bringing in NBA executive Ed Stefanski for a key front office position, according to a Yahoo Sports report, and also have announced that Chris Wallace will remain as general manager and has signed a long-term contract extension.

Registration Could Reflect Suburban Relocation

When Shelby County’s six new suburban school districts register students on Tuesday, July 29, some of those systems’ superintendents will watch for changes from the numbers of students who pre-registered in the new school systems less than a year ago.

Globetrotting Stephens Eyes Eventual Return to NBA

North Texas told D.J. Stephens no, said they no longer had a basketball scholarship for him. Remember that?

Bartlett Ninth Grade Academy Prepares for Debut

A group of 213 children in Bartlett who are coming out of middle school and into a new academic year and system got an introduction last week to the Bartlett school that is a bridge between their middle schools and Bartlett High.

Frayser Town Center Would be Based on Manhattan Park

The town center plan for Frayser that debuted this past weekend at the first annual “Frayser Day” celebration is built on the model of Bryant Park in Manhattan only on a smaller scale to fit the Frayser Plaza Shopping Center.

Simmons First National Moves Into Tennessee

A similar history, a foundation in agriculture lending and growth potential attracted Arkansas-based Simmons First National Corp. to buy Community First Bancshares Inc. of Union City, Tenn., and its $1.9 billion subsidiary First State Bank, says Simmons’ Chairman and CEO George A. Makris.

REAL ESTATE RECAP

D. Canale Affiliate Buys Property for Distillery

301 S. Front St., Memphis, TN 38103, Sale Amount: $785,000 -
An affiliate of D. Canale & Co. has bought the Downtown property where it will develop a spirits distillery and public tasting room.

LOCAL COLUMNISTS

An Interview With Judy Davis, Part One

We eat, drink and sleep fundraising. It’s what we love. We truly enjoy and embrace the people and organizations we work with. We get excited when clients take the tools we develop for them and put them to work. We cherish their successes and most importantly we celebrate their work.

NATIONAL BUSINESS

FAA Proposes to Fine Southwest Airlines $12 Million

WASHINGTON (AP) — The Federal Aviation Administration said Monday it is proposing a $12 million civil fine against Southwest Airlines for failing to comply with safety regulations related to repairs on Boeing 737 jetliners.

Dollar Tree Steps Up Fight, Buys Family Dollar

NEW YORK (AP) — The fight for penny pinchers is intensifying.

House Bill Lets Airlines Advertise Pre-Tax Fares

WASHINGTON (AP) — In a victory for airlines and their workers' unions, the House rejected consumers' complaints and passed legislation Monday letting airline advertising emphasize the base price of tickets, before taxes and fees are added.

Virgin America Files Plans for IPO

NEW YORK (AP) — Virgin America's next destination is Wall Street.

REAL ESTATE

Contracts to Buy US Homes Slip in June

WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer.

Zillow Buying Trulia to Build Real Estate Titan

NEW YORK (AP) — Zillow and Trulia, two companies that changed the way people shop for homes, are combining.

HEALTH CARE

Medicare Hospital Fund to Last Four Years Longer

WASHINGTON (AP) — Medicare's finances are looking brighter, the government said Monday. The program's giant hospital trust fund won't be exhausted until 2030 — four years later than last year's estimate.

Deal to Improve Veterans' Health Care Costs $17 Billion

WASHINGTON (AP) — A bipartisan deal to improve veterans' health care would authorize at least $17 billion to fix the health program scandalized by long patient wait times and falsified records covering up delays, the bill's chief supporters said Monday.

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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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