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VOL. 126 | NO. 238 | Wednesday, December 7, 2011

AutoZone Q1 Profit Improves 11 Pct.

Memphis-based auto-parts retailer AutoZone Inc. keeps riding its business model to ever-higher growth, posting an 11 percent jump in its fiscal first-quarter profit and beating Wall Street’s earnings-per-share expectation.

New Generation

VA hospital improvements point to new attitude toward vets

It was 70 years ago that a new generation of veterans was created when the U.S. entered World War II.

Commercial Appeal Cuts Nine Employees

The Commercial Appeal is planning another round of layoffs, the Memphis Newspaper Guild announced Tuesday, Dec. 6.

Temple-Inland Shareholders Approve IP Merger

Shareholders of Temple-Inland Inc. have approved the paper company’s merger with Memphis-based International Paper Co.

Smithsonian Channel to Air Footage From King Murder

NEW YORK (AP) – Some forward-looking college professors enabled television's Smithsonian Channel to offer a look at the assassination of Martin Luther King Jr. from the time in which it occurred.

Local Weather
Today
Memphis, TN
48°F
Partly Cloudy
Wind: 10 mph
Humidity: 77%

EVENTS

Talk Shoppe will present the seminar “Talk Shoppe Marketing: Are You Getting the Most for Your Money?” Wednesday, Dec. 7, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

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.

Council Passes Amended City Bonus, Rejects Water Rate Hike

Memphis City Council members approved a $750 flat bonus for all full time city employees Tuesday, Dec. 6, and a flat bonus of $200 for part time city employees.

County Commission Still Weighing New Districts

Shelby County commissioners appeared on their way to setting a new group of district lines by Christmas that would create two more districts but keep the body at 13 members. That changed at the commission’s Monday, Dec. 5, meeting.

MOGA to Assemble Digital Baby Book

Memphis Obstetrics and Gynecological Association PC, which claims to be the largest private-practice provider of women’s health care services in the Mid-South, is attempting to create a massive digital baby book featuring the images of every baby delivered by MOGA physicians over the last 25 years.

Calvary Series Ends With Christmas Pops Concert

The Calvary & the Arts concert-and-lunch series wraps up this week with a show about the Christmas holiday celebrated in song as “the most wonderful time of the year.”

MEMPHIS NEWSMAKERS

Avery Named State’s Dentist of the Year

Dr. Jim Avery of the practice Avery & Meadows DDS has been named the 2011 Dentist of the Year for the state by the Tennessee Academy of General Dentistry.

LOCAL COLUMNISTS

Business Gift Giving Guide

'Tis the season for showing appreciation for our clients that allow our businesses to operate.

Examining How Businesses Can Increase Sales

The top question for many business owners is: “How do I increase sales in my business?”

STATEWIDE

Tennesseans With Medicare Save $33M This Year

NASHVILLE (AP) – Federal health officials say Tennesseans with Medicare have saved $33 million this year on their prescriptions.

Fisk Out on Probation as Accreditation Reaffirmed

NASHVILLE (AP) – Fisk University's accreditation has been reaffirmed but a state board has put the historically black university on probation for one year to get its finances in order.

Tennessee Arts Commission has New Website

NASHVILLE (AP) – The Tennessee Arts Commission has a new website emphasizing grant applications.

NATIONAL BUSINESS

Delta Traffic Falls 1.9 Percent in November

NEW YORK (AP) Delta Air Lines Inc. said that its system-wide traffic fell 1.9 percent last month, as a sharp decline in international traffic offset better results elsewhere.

3 Senior Executives Leaving American Airlines

DALLAS (AP) – The exodus of top leaders at American Airlines is growing, a week after parent AMR Corp. filed for bankruptcy protection.

Bank of America Settles Mortgage Suit for $315M

NEW YORK (AP) – Bank of America agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit.

NATIONAL GOVERNMENT

Bill Would Make Drug Price Gouging a Federal Crime

TRENTON, N.J. (AP) – Price gouging on prescription drugs already in short supply would become a federal crime under legislation about to be introduced.

Obama: Econ. Inequality ‘Defining Issue’

OSAWATOMIE, Kan. (AP) – President Barack Obama delivered a sweeping indictment of economic inequality in the U.S. on Tuesday, Dec. 6, as he summoned the memory of President Theodore Roosevelt and pledged to fight for fairness at a “make or break moment for the middle class.”

Senators Pushing for Televised Court Arguments

WASHINGTON (AP) – Senators are once again pushing the Supreme Court to televise its courtroom proceedings, especially since justices will have an election-year argument over the constitutionality of President Barack Obama's signature health care overhaul.

Romney Says He Supports Payroll Tax Cut

WASHINGTON (AP) – Republican presidential candidate Mitt Romney said Monday that he supports the extension of payroll tax cuts, a proposal President Barack Obama is championing.

HEALTH CARE

Feds Crack Down on Homeopathic Weight Loss Remedy

WASHINGTON (AP) – Federal regulators are ordering several companies to stop selling an unproven weight loss remedy that uses protein from the human placenta.

FDA Favors More Risk Info on Birth Control Pills

WASHINGTON (AP) – Federal health regulators are leaning toward adding new information about the risk of blood clots to the labels of widely prescribed birth control pills such as Yaz, in light of growing evidence that the newer contraceptive drugs may be riskier than older drugs.

SPORTS

Pat Summitt to Receive 2012 NCAA Gerald Ford Award

KNOXVILLE (AP) – The NCAA will honor Tennessee coach Pat Summitt with the 2012 Gerald R. Ford Award.

Tennessee Adds Jay Graham as RBs Coach

KNOXVILLE (AP) – Tennessee coach Derek Dooley has added former Volunteers standout Jay Graham to his staff as a running backs coach.

Misdemeanor Charges Against Titans’ Britt Dropped

NASHVILLE (AP) – Prosecutors in Nashville have dropped misdemeanor charges against Tennessee Titans' wide receiver Kenny Britt.

Cincy Hopeful QB Collaros Can Play in Liberty Bowl

CINCINNATI (AP) – Bearcats quarterback Zach Collaros is two weeks ahead of schedule in his recovery from a broken right ankle, leaving Cincinnati hopeful that he could play in the Liberty Bowl.

TECHNOLOGY

Verizon Wireless Nixes Google Wallet in New Phone

NEW YORK (AP) – Verizon Wireless is blocking Google's new flagship phone from supporting Google's attempt to make the smartphone the credit card of the future.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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