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VOL. 126 | NO. 30 | Monday, February 14, 2011

Mitsubishi Announces $200M Memphis Investment

Mitsubishi Electric Power Products Inc. will build a $200 million, 350,000-square-foot facility in Memphis to serve as the headquarters of the company’s heavy electrical equipment production in North America, the company announced Monday.

County Commission Set to Weigh in on Schools Issue

Shelby County commissioners are certain to mirror some of last week’s debate in the Tennessee Legislature Monday when they take up an ordinance and a bundle of resolutions all dealing with the schools consolidation issue.

Memphis Aces

Racquet Club improvements welcome city’s annual tennis tournaments

The Racquet Club of Memphis is in full swing this week as it hosts the 2011 Regions Morgan Keegan Championships & Cellular South Cup through Feb. 20.

County Schools Lawsuit Seeks To Void MCS Charter Surrender

The Shelby County school board has filed a federal lawsuit against the Memphis City Schools board, the Memphis City Council, Memphis city government and parts of the state and federal governments.

Haslam In Memphis After Signing Schools Consolidation Bill

Tennessee Gov. Bill Haslam is in Memphis Monday for the announcement that Mitsubishi will be building a plant at Rivergate Industrial Port.

Local Weather
Today
Memphis, TN
77°F
Partly Cloudy
Wind: 7 mph
Humidity: 89%

EVENTS

Café Bonne Terre will offer a special Valentine’s Day menu Monday from 5 p.m. to 9 p.m. at Bonne Terre Country Inn and Café, 4715 Church Road W., Nesbit, Miss. For more information or reservations, call 662-781-5100 or visit www.bonneterreinn.com.

more events »

UTHSC Celebrates Career of First Black Student

The first African-American to be admitted to and graduate from the University of Tennessee Health Science Center College of Medicine will revisit his Memphis roots during Black History Month to share his story of success.

Sports Sponsorships Big Biz for Financial Institutions

The banking sector’s image took a major hit during the recession, as banks took actions that included fee hikes, stepping up foreclosures, closing down some customer accounts and shutting down the lending spigot.

Private Schools Look to Social Media in Struggling Economy

As the economy struggles to bounce back from a menacing recession, schools in the private sector go to work with an eye on marketing strategies to boost enrollment.

Wright Medical Posts Strong Fourth Quarter Sales, Income

Wright Medical Group, Inc. Thursday reported increased net sales and net income for the fourth quarter ended Dec. 31.

Culture of Loyalty Breeds Success for Jack Morris Auto Glass

In 1955, Jack Morris of Jack Morris Auto Glass went to work for his father-in-law, B.F. Howard.

Breeding Confidence In Your Business

If you completed any business curriculum you surely heard the No. 1 reason a customer buys where he does is because he has the most trust and confidence in that business, its representatives or the brand it sells. Inspiring this confidence is done by the behavior of employees. The company that inspires confidence makes money.

Giving Back for Recovery

Last week we talked about the nation’s most common cause of disability, arthritis, and examined how we can help the Arthritis Foundation. This week let us look at an organization helping adolescents and adults fight drug and alcohol addiction, Memphis Recovery Centers.

GOVERNMENT AGENDA

Shelby County Commission Agenda

The Shelby County Commission will meet today at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for a full agenda.

THE MEMPHIS NEWS

Old Cop, New Cop

Until 2006, about the only things that cops in Memphis considered “high-tech” were the radio receivers they attached to their shirts.

‘Radical Painter’ on Display at Dixon

The Dixon Gallery and Gardens continues its foray into the major schools of American art with a look at the loaded compositions of a worker artist with a simple name.

Homegrown Chef Takes Helm at Chez Philippe

Chez Philippe has a new chef, Jason Dallas, and the shadow of Jose Gutierrez no longer looms over The Peabody’s opulent flagship restaurant.

For Valentine’s, Fall in Love With ’10 Rosa Regale

What could be more appropriate for Valentine’s than raspberries and roses?

STATEWIDE

Justice Sharon Lee Opposes Supreme Court Elections

CLEVELAND, Tenn. (AP) – Tennessee Supreme Court Justice Sharon Lee said she opposes having voters elect justices.

TVA Customers to See Fuel Cost Increase in March

KNOXVILLE (AP) – Tennessee Valley Authority residential bills will increase on average by up to $3.50 a month in March to pay another fuel cost increase.

HEALTH CARE

Report: Medicare Drug Program Vulnerable to Fraud

MIAMI (AP) – Crooks are taking advantage of lax oversight in Medicare's Part D prescription drug program to obtain highly addictive drugs including oxycodone, Ritalin, and methadone, according to results of a federal probe.

NATIONAL BUSINESS

Report: Borders Bankruptcy Filing Likely Next Week

NEW YORK (AP) – Borders Group may file for bankruptcy reorganization as early as Monday or Tuesday, according to a report in the Wall Street Journal.

NATIONAL POLITICS

House Tells its Committees to Find Harmful Rules

WASHINGTON (AP) – The House is telling its committees to root out government regulations that cause job losses and prevent economic growth.

White House: Limit Gov't Backing of Mortgages

WASHINGTON (AP) – The Obama administration laid out three broad options Friday for reducing the government's role in the mortgage market. All three would almost certainly lead to higher interest rates and costs for borrowers.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 43 12,074
MORTGAGES 0 78 15,834
FORECLOSURE NOTICES 0 0 3,130
BUILDING PERMITS 0 0 28,832
BANKRUPTCIES 3 100 11,771
BUSINESS LICENSES 0 18 4,292
UTILITY CONNECTIONS 0 190 17,922
MARRIAGE LICENSES 0 43 3,711

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