» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 126 | NO. 250 | Friday, December 23, 2011

Valero Awarded 15-Year Tax Freeze

A local economic development agency granted a 15-year tax freeze to Valero Energy Corp. in return for the company spending more than $298 million in planned investments and upgrades at the Memphis refinery.

Showstopper

‘A Christmas Carol’ wraps stellar year at Theatre Memphis

Perennial holiday favorite “A Christmas Carol” wraps Friday, Dec. 23, at Theatre Memphis – providing a strong finish to what’s been a solid year marked by quality productions and a steady show of community support for the nonprofit theater at 630 Perkins Road Extended.

Harbor Town Apts. Sell For $31.5M

Dallas-based Behringer Harvard has acquired the Arbors Harbor Town Apartments – a 345-unit multifamily community in Harbor Town on Mud Island – for $31.5 million, or $91,304 per unit.

Clark, Thompson Lead No. 16 Hoyas Over Memphis

WASHINGTON (AP) Jason Clark scored 18 points and Hollis Thompson added 17 as No. 16 Georgetown beat Memphis 70-59 Thursday night.

Hudson Touts BRT as New Trend for MATA

The head of the Memphis Area Transit Authority hesitates to even bring up the idea of light rail as he talks to audiences about the changes to come to the city’s bus system.

Local Weather
Today
Memphis, TN
80°F
Partly Cloudy
Wind: 13 mph
Humidity: 25%

EVENTS

Chez Philippe will host a Christmas Eve dinner Saturday, Dec. 24, at the restaurant in The Peabody hotel, 149 Union Ave. Cost is $80 per person and includes a four-course meal. For reservations, call 529-4188. Christmas Day Brunch will be held Sunday, Dec. 25, on The Peabody’s mezzanine from 10:30 a.m. to 3:30 p.m. Cost is $55 per person and $20 for children. For reservations, call 529-3668. The Capriccio Grill will have a Christmas Day dinner Sunday, Dec. 25, from 11 a.m. to 10 p.m. Cost is $45 per person and $15 for children. For reservations, call 529-4199.

more events »

Crain Contractors Buys Warehouse for $1M

A Memphis-based multifamily renovation and maintenance firm is expanding its presence in the northeast industrial submarket.

MEMPHIS STANDOUT

Allen Returns to Memphis, Devotes Time to Nonprofits

After 14 years running a gallery, representing artists and writing for arts magazines in the Big Apple, Michel Allen last year returned home to the Bluff City to raise money, provide public relations services and develop marketing strategies for Memphis area nonprofits.

LOCAL COLUMNISTS

Ghosts Of Christmas Past, Revisited

CHRISTMAS TIME It was my first time to England, first time overseas and prime time for The Beatles, The Rolling Stones, Soho and the rocking HQ for the whole British invasion.

Funding Grassroots Orgs Can be Worth Risk

Editor’s note: Part two of a two-part series Taking a risk and funding smaller, grassroots organizations may feel challenging when there are larger, more established organizations providing similar services. Yet, even when providing award-winning services, not all organizations or institutions can serve everyone within a service area.

SPORTS

Grizzlies Out to Prove Last Year was No Fluke

Coaches always see a bigger picture. So it is that Grizzlies coach Lionel Hollins bristles at any suggestion that his team took its big step forward in last season’s playoffs – the implication being that this snapshot of two series and 13 games does not do the Grizzlies’ success in 2010-2011 full justice.

Sports on TV Part of Life for This Fan

To write about sports, it only makes sense that you have to spend time watching sports on TV. So there I was, working from my recliner the other day, a cold beverage within reach, and all the drama and pageantry of the Famous Idaho Potato Bowl flashing across the screen when my wife interrupted a first-quarter, one-yard, off-tackle run.

Vandy Holds Last Practice Before Heading to Memphis

NASHVILLE (AP) – The Vanderbilt Commodores know how to wrap up a final practice in style. Just ask senior linebacker Chris Marve.

Gordon, Kaman Lead Hornets Over Grizzlies 95-80

NEW ORLEANS (AP) Eric Gordon and Chris Kaman didn't miss a step in their debuts for the New Orleans Hornets.

UT President's Advice to Vols Fans: Be Patient

CHATTANOOGA (AP) – After almost a year as president of the University of Tennessee, there is no hiding Joe DiPietro's enthusiasm for his system-wide strategic plan, his efforts to streamline the replacement of outdated learning facilities and promote all the campuses.

Ex-NFL Players Blame League for Brain Injuries

ATLANTA (AP) – Jamal Lewis, Dorsey Levens and two other former NFL players have sued the league over brain injuries that they say left them struggling with medical problems years after their playing days ended.

MEMPHIS AREA

FedEx, UPS Holiday Package Volume Up From 2010

LOUISVILLE, Ky. (AP) – Tiera Washington's workload doubled during the holiday rush at UPS' largest air hub, where seemingly endless streams of packages are sorted and shipped as the peak season puts the package delivery company to the test.

STATEWIDE

Nashville's Saint Thomas to Stop Heart Transplants

NASHVIILLE (AP) – The Nashville hospital that performed Tennessee's first heart transplant says it will no longer do such surgeries because of factors that include competition and the departure of one of its surgeons.

NATIONAL BUSINESS

Economy Ends Tough 2011 on a Surprising Upswing

WASHINGTON (AP) – The economy is ending 2011 on a roll.

Unemployment Claims Lowest Since '08

WASHINGTON (AP) – In in the latest sign that the U.S. economy is surging at year's end, unemployment claims have dropped to the lowest level since April 2008, long before anyone realized that the nation was in a recession.

Rise in Economic Gauge Suggests Brighter Outlook

WASHINGTON (AP) – A gauge of future economic activity posted a solid increase in November, providing further evidence that the economy is gaining strength.

NATIONAL GOVERNMENT

Federal Roundup Nabs $76M in Counterfeit Goods

MIAMI (AP) – Authorities conducting a six-week counterfeit sweep in three countries seized 327,000 phony items including fake Hello Kitty clothing and cheap imitation Casio G-Shock sport watches that if legitimate carry suggested retail prices of more than $76 million, federal investigators said Thursday.

McConnell: Extend Tax Cut Short-Term and Long-Term

WASHINGTON (AP) – The Senate's top Republican on Thursday urged the GOP-led House to pass a short-term renewal of payroll tax cuts and break an impasse that threatens all workers with a Jan. 1 tax increase. Within hours, a House Republican freshman broke ranks and agreed, signaling that fierce pressure from almost every corner of the Republican Party had begun to crack conservative opposition to a short-term fix.

Customs Commissioner to Leave Post at End of Month

WASHINGTON (AP) – The head of Customs and Border Protection will leave his post at the end of the month.

REAL ESTATE

Mtg. Rate a Record 3.9 Pct.

WASHINGTON (AP) – The average rate on the 30-year fixed mortgage fell to a record 3.91 percent this week, the third time this year that rates have hit new lows.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 70 125 13,455
MORTGAGES 119 192 17,541
FORECLOSURE NOTICES 19 51 3,442
BUILDING PERMITS 0 623 31,553
BANKRUPTCIES 62 128 12,823
BUSINESS LICENSES 40 51 4,648
UTILITY CONNECTIONS 80 233 19,690
MARRIAGE LICENSES 25 69 4,129

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.