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

Forgot your password?
Skip Navigation Links
VOL. 126 | NO. 237 | Tuesday, December 6, 2011

AutoZone Stays in Fast Lane With Q1 Profit

AutoZone Inc. posted a fiscal first quarter profit of $191.1 million Tuesday, Dec. 6, up $19 million – or 11.1 percent – over the same period last year.

More on Main

Husband, wife duo open four businesses Downtown

Downtown residents and visitors will soon be able to shop for the latest fashions and enjoy everything from a cup of joe to a fine-dining experience at any of four new businesses opening on South Main Street.

ULI 2012 Outlook: CRE Industry Slightly Better

Next year will be slightly better for commercial real estate, but it’ll come at the cost of a shrunken industry.

Setterlund, Link Get SCS Promotions

Shelby County Schools superintendent John Aitken has promoted long-time Collierville High School principal Tim Setterlund as the school system’s assistant superintendent of research, planning and transition.

Council to Discuss City Employee Bonuses

The day after the Shelby County Commission considered a one-time bonus for county government employees, the Memphis City Council will talk about a bonus for city employees.

Local Weather
Today
Memphis, TN
60°F
Cloudy
Wind: 14 mph
Humidity: 80%

EVENTS

The Memphis Rotary Club will meet Tuesday, Dec. 6, at noon at the University Club of Memphis, 1346 Central Ave. Bill Gibbons, commissioner of the Tennessee Department of Safety & Homeland Security, will speak. Cost is $18 per person. For reservations, email Taylor Hughes at taylor@memphisrotary.org.

more events »

Commission Approves Flat Bonus, Moves Toward Redistricting End Game

The Luttrell administration had proposed an across the board 1.5 percent bonus for all employees as its first preference. The flat amount bonus as proposed by Commissioner Walter Bailey and approved by the commission will show up on Dec. 15 paychecks.

Bioworks Foundation Expands Team

After receiving several competitive government grants, Memphis Bioworks Foundation is expanding its team by hiring for three new positions focused on bringing more bioscience industry jobs to the region.

Moore Takes Reins of Home Builders Association

As a homebuilder, philanthropist and body builder, Jimmy Moore is a well-rounded individual.

More ServiceMaster Changes to Terminix and TruGreen Brands

The ServiceMaster Company announced more changes in the ranks of its divisions Monday, Dec. 5.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Dec. 6, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

REAL ESTATE RECAP

Land South of Shelby Forest Sells for $2.3 Million

Vacant Land, Near Shelby Forest Park, Sale Amount: $2.3 million -
Warren Nickolas Nunn has bought several large parcels of vacant land from the estate of William S. Howard Sr. for $2.3 million, financing it with a $2.5 million loan through Patriot Bank.

LOCAL COLUMNISTS

A November to Remember

Lots of Ways to Lose Market activity in November was astounding, driven by the cacophonous debate over Europe’s imminent death or salvation. Of the 21 trading days in November, 10 were positive and 11 were negative. The trading range in the S&P 500, from high tick to low tick, equaled 10 percent. The average daily trading range was 2 percent. By the end of the month, the S&P 500 had gone nowhere.

Organization Isn’t So Tough

It’s that time of year again when many people begin thinking about getting organized. There are two very different aspects of getting organized. One has to do with the physical side of getting organized, for example, creating a more orderly working environment. The other has to do with the mental side of getting organized and being more focused.

Education Key to Life Sciences Jobs

As pioneers in industrial real estate, we’ve forever beaten the drum about our area’s logistics prowess. We’ve been known as America’s Distribution Center for decades, with a transportation hub that boasts superior rail, roadway, river and air cargo access.

STATEWIDE

Dollar General 3Q Profit Up on Strong Nov. Sales

GOODLETTSVILLE, Tenn. (AP) – Dollar General Corp.'s fiscal third-quarter profit rose 34 percent, helped by strong November sales as customers continued to seek out bargains heading into the holiday season.

STATE GOVERNMENT

10 Candidates File for Tenn. Presidential Primary

NASHVILLE (AP) – Nine Republican candidates have filed paperwork to be placed on the ballot for Tennessee's March primary.

NATIONAL BUSINESS

Court Blocks Large AMR Investors From Selling

DALLAS (AP) – A bankruptcy court judge has blocked big investors from selling their stock in bankrupt American Airlines parent AMR Corp.

Trading Firms to Face New Rules on Customer Funds

WASHINGTON (AP) – A federal rule adopted Monday places tighter restrictions on how U.S. trading firms can invest their customers' money. The action comes amid a federal investigation into whether MF Global illegally tapped its clients' accounts before filing for bankruptcy.

Factory Orders Fall for 2nd Straight Month

WASHINGTON (AP) – Companies decreased their overall orders to U.S. factories in October for the second straight month, evidence that the economy remains weak despite other signs of improvement.

US Service Firms Expanded in Nov. at Slower Pace

WASHINGTON (AP) – Service companies, which employ 90 percent of the U.S. work force, expanded at a slower pace in November and a measure of employment at those firms fell.

Subaru, Honda Recall Vehicles Due to Brake Issues

DETROIT (AP) – Subaru of America is recalling three of its car models and Honda Motor Co. is recalling some motorcycles, all because the brakes can malfunction.

Travel Industry Counts on Football, Special Events

NASHVILLE (AP) – Tourism officials in Tennessee are counting on football games and special events to keep the travel business steady during the usually slow month of December.

NATIONAL GOVERNMENT

Democrats Drop Plan to Give Tax Cut to Employers

WASHINGTON (AP) – Democratic officials say a new payroll tax cut plan by Senate Democrats drops President Barack Obama's proposal to award the tax cut to employers in addition to every worker who draws a paycheck.

USPS Cuts to Slow First-Class Postal Delivery

WASHINGTON (AP) – The cash-strapped U.S. Postal Service said Monday, Dec. 5, it is seeking to move quickly to close 252 mail processing centers and slow first-class delivery next spring, citing steadily declining mail volume.

FAA Chief on Leave After Drunken Driving Arrest

WASHINGTON (AP) – FAA Administrator Randy Babbitt was placed on a leave of absence Monday and U.S. officials said his employment is under review following his arrest for drunken driving in suburban Northern Virginia.

Obama Makes Case for Extending Payroll Tax Cuts

WASHINGTON (AP) – President Barack Obama pressured Republicans in Congress on Monday to extend a payroll tax cut, saying the economic recovery is "still fragile" and middle class families need the money.

SPORTS

AP Source: Freeze Agrees to Take Ole Miss Job

Arkansas State's Hugh Freeze has agreed to take the Mississippi job, according to a person familiar to the coaching search.

Cincinnati, Vanderbilt to Meet in Liberty Bowl

MEMPHIS (AP) – After winning a share of the Big East championship, Cincinnati will face Vanderbilt in the Liberty Bowl on Dec. 31.

Summitt, Krzyzewski Honored by Sports Illustrated

NEW YORK (AP) – Pat Summitt and Mike Krzyzewski were selected Monday as Sports Illustrated's sportswoman and sportsman of the year.

TECHNOLOGY

iPads Become Child's Play

NEW YORK (AP) – Make room in the toy box for the iPad.

Microsoft Rolls Out Xbox TV Platform

LOS ANGELES (AP) Microsoft Corp. is rolling out a new interface for its Xbox game console, one that allows you to navigate through music, movies, TV shows and games with the wave of your hand or the sound of your voice.

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 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

Weekly Edition

Issues | About

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