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VOL. 126 | NO. 252 | Wednesday, December 28, 2011

$125M Permit Application Filed for Mitsubishi Plant

Mitsubishi Electric Power Products Inc. is moving forward with its plans for a transformer manufacturing facility at Rivergate Industrial Port.

Inconclusive Prognosis

Health care industry endures ups, downs in 2011

It was a mixed year of highs and lows for the Memphis area health care industry – which employs one out of seven workers locally – as the nation’s uncertain economy and changing health care system prompted hospital networks and biotech companies to realign, restructure and rethink the way they operate.

Schools Consolidation Dominates 2011

The year 2011 ended politically the way it began – with lots of questions about schools consolidation.

Social Media, Milestones Top News

Many of the headlines that came out of 2011 for local advertising and public relations firms mirrored the ever-changing scope of marketing and social media.

Local Weather
Today
Memphis, TN
73°F
Fair
Wind: 0 mph
Humidity: 79%

EVENTS

The Memphis Bar Association Young Lawyers Division will present “Legal Ethics in the Movies” with speaker Mike McLaren of Black McLaren Jones Ryland & Griffee PC and special guest U.S. Magistrate Judge Diane Vescovo Wednesday, Dec. 28, from 3 p.m. to 5 p.m. in the auditorium at Memphis Bioworks Foundation, 20 Dudley St. For more information or to register, visit www.memphisbar.org.

more events »

MEMPHIS NEWSMAKERS

SCO’s Steele Receives Optometry Recognition

Dr. Glen T. Steele, a professor at the Southern College of Optometry, has received the prestigious William Feinbloom Award from the American Academy of Optometry for his work with InfantSEE.

LOCAL COLUMNISTS

Cross-Selling Strategies: Why They Often Fail

Cross selling is the practice of increasing revenue from existing customers by selling them additional products or services. It can be conducted at the time of the initial sale and over the lifetime of that relationship.

Health Care Counts on Accounting

At a time when the economy is ailing, physicians and other health care providers are writing prescriptions that will not be filled by pharmacists but rather by accountants.

STATE GOVERNMENT

Haslam, Harwell Hesitant on Drug-Testing Proposal

NASHVILLE (AP) – Senate Speaker Ron Ramsey says he expects lawmakers will pass a bill requiring drug tests for Tennesseans who get government assistance or workers' compensation. Other high-ranking Republicans aren't so confident.

NATIONAL BUSINESS

Sears to Close 100 to 120 Kmart, Sears Stores

NEW YORK (AP)Sears Holdings Corp. plans to close between 100 and 120 Sears and Kmart stores to raise cash after a weak holiday shopping season for the retailer.

AP Survey: Economy to Pick Up but Still Vulnerable

WASHINGTON (AP) – The U.S. economy will grow faster in 2012 – if it isn't knocked off track by upheavals in Europe, according to an Associated Press survey of leading economists.

Holiday Season Marked by Different Shopper Types

Four types of American shoppers have altered the shopping landscape this holiday season.

Natural Gas Fueling Plans May Spur Vehicle Growth

NEW ORLEANS (AP) – The United States has record supplies of natural gas and plenty of reasons to promote natural-gas powered cars, but so consumers, manufacturers and fuel suppliers haven't shown much interest.

NATIONAL GOVERNMENT

White House to Seek Increase in Borrowing Limit

WASHINGTON (AP) – The Obama administration says the federal government has nearly reached its borrowing limit – again.

Researcher: Disposable Income Key to Election

NASHVILLE (AP) – With the 2012 presidential election looming, a Vanderbilt University political scientist says the one key factor is the disposable income of voters.

Obama Nominates 2 to Federal Reserve Board

HONOLULU (AP) – A vacationing President Barack Obama on Tuesday nominated a Harvard University professor and a former Treasury official under President George H.W. Bush – a Democrat and a Republican – to the Federal Reserve Board of Governors.

HEALTH CARE

New Fee Coming for Medical Effectiveness Research

WASHINGTON (AP) – Starting in 2012, the government will charge a new fee to your health insurance plan for research to find out which drugs, medical procedures, tests and treatments work best. But what will Americans do with the answers?

State Cuts to Medicaid Affect Patients, Providers

ATLANTA (AP) – Just as Medicaid prepares for a vast expansion under the federal health care overhaul, the 47-year-old entitlement program for the poor is under increasing pressure as deficit-burdened states chip away at benefits and cut payments to doctors.

SPORTS

Ginobili's 24 Helps Spurs Get Revenge on Grizzlies

SAN ANTONIO (AP) – Manu Ginobili never saw the Memphis Grizzlies play that badly in the playoffs, and is pretty sure he won't again.

Packers' Run Inspiring Titans in Playoff Chase

NASHVILLE (AP) – The Tennessee Titans are getting inspiration from the Green Bay Packers of a season ago in their improbable bid for the AFC's final wild-card spot.

Predators' Shea Weber Out With Concussion

NASHVILLE (AP) – Shea Weber, the leading scorer for the Nashville Predators, has a concussion and will miss Wednesday's game against the Minnesota Wild.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 11 93 3,391
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 76 352 12,695
BUSINESS LICENSES 21 108 4,597
UTILITY CONNECTIONS 77 564 19,457
MARRIAGE LICENSES 29 151 4,060

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