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VOL. 125 | NO. 169 | Tuesday, August 31, 2010

Wilsons Ponder Purchase of Redbirds

Some members of the Kemmons Wilson clan are among a larger group that’s evaluating the Memphis Redbirds franchise and the feasibility of making a bid on the team, which has been put on the market in one of several moves to address its economic straits.

Into the Future

Memphis College of Art expands with graduate school

Memphis College of Art has undergone big changes in recent weeks, and the newest one has changed the face of the South Main Historic Arts District as well.

St. Jude Gets NFL Spotlight

FOX Sports has chosen St. Jude Children’s Research Hospital for its charitable initiative during this year’s NFL Season.

Campbell Clinic Expands Medical Center Location

Campbell Clinic Orthopaedics is beefing up its presence in the Memphis Medical Center.

Milestone Close For Hickory Hill’s Marina Cove

The next step in the saga of a vacant Hickory Hill apartment complex could be announced Tuesday evening.

Local Weather
Today
Memphis, TN
63°F
Cloudy
Wind: 10 mph
Humidity: 88%

EVENTS

Small Biz Memphis will host the Cordova/Bartlett and East Memphis/Midtown Business Builders Circle meetings Tuesday and Wednesday, respectively, from 7:45 a.m. to 9 a.m. at 1661 International Drive, suite 400. The Germantown/Collierville meeting will be Thursday at 7:45 a.m. at 2176 West St. For more information, call 205-9303.

more events »

Wave of County Employees Prepares to Retire

An uncommonly large wave of Shelby County employees is heading for the exit.

FedEx CIO Carter to Highlight Leadership Academy Luncheon

In May, longtime FedEx CIO and executive vice president of information services Rob Carter joined the likes of pop star Lady Gaga, fashion designer Tom Ford and Oscar-winning director James Cameron on Fast Company’s 2010 list of the 100 Most Creative People in Business.

MedVet Memphis Builds New Cordova Facility

555 Trinity Creek Cove, Cordova, TN 38018, Permit Amount: $3 million -
MedVet Memphis LLC has applied for a $3 million permit to build a 17,700-square-foot, two-story facility at 555 Trinity Creek Cove. The office will replace MedVet’s current facility at 850 N. Germantown Parkway, suite 105.

Investors Must Manage Expectations – And Feelings

Returns = Reality – Expectations: I constantly refer to this as the definitive equation for investment returns. By the logic inherent, bad news is good news if worse news is expected. Throughout last week the market was besieged by gnarly economic data from the 27 percent decline in existing home sales, to a dismal durable goods report, and the resultant slashing of GDP growth estimates for 2010 and 2011.

STATEWIDE

Insurance Exec Chosen Chairman of Health Group

NASHVILLE (AP) – An executive with BlueCross BlueShield of Tennessee is the new board chairman for a nonprofit group working to create a health information exchange in the state.

NATIONAL BUSINESS

Updated Car Stickers to Include Environmental Info

WASHINGTON (AP) – Car shoppers will receive more details on window stickers about fuel efficiency, emissions, energy costs and energy consumption under a new government proposal for 2012 model year vehicles.

Survey Finds Support for Fed but Split on Spending

NEW YORK (AP) – Economists are satisfied with the Federal Reserve's current interest rate policy, but they're divided over how the central bank should proceed over the next 12 months, a new survey finds.

NATIONAL POLITICS

Obama: GOP Should Let Small Business Bill Through

WASHINGTON (AP) – President Barack Obama exhorted Congress on Monday to make passage of a long-languishing small business aid package its first order of business when it returns next month from its summer break.

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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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