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VOL. 126 | NO. 32 | Wednesday, February 16, 2011

IDB Grants Mitsubishi 15-Year Tax Freeze

Mitsubishi Electric Power Products Inc. has won a 15-year tax freeze from the Memphis-Shelby County Industrial Development Board for the manufacturing facility it’s developing at Rivergate Industrial Park.

High-Style Dining

Memphis restaurants trend toward sleek, stylish designs

Southern country club meets Manhattan chic. Not exactly an everyday mix, but when designer Amy Howard set to work on the interior of John Bragg’s newly relocated restaurant, Circa, she wasn’t aiming for ordinary.

Fayette, Tipton Housing Markets Still Slipping

January home sales declined in Fayette and Tipton counties – 3.2 and 40 percent, respectively, from the same month a year ago – and Shelby County’s neighbors to the east and north remain buyers’ markets as home prices remain stagnant.

Early Voting Begins in Schools Consolidation

The lawsuits just got started last week and the rhetoric surrounding the schools consolidation issue is sure to continue.

Voting Begins as Schools Contingency Planning Continues

Just as Shelby County Commissioner Walter Bailey declared Monday that there was no more Memphis City Schools board, that board was preparing to meet.

ALSAC’s McKee Honored for Lifetime of Service

You could say David McKee was baptized by fire when he first joined ALSAC/St. Jude Children’s Research Hospital in December 1977 as the new regional director of the Southeast Region in Atlanta.

Reader’s Digest Makes Difference-Making Memphis Stop

Call it the marriage of economic stimulus and National Lampoon’s Vacation, or maybe just “Three Dudes in an RV.” The Reader’s Digest We Hear You America Tour made a stop in Memphis with cash in hand.

Letitia Robertson Joins BRIDGES

Letitia Robertson has joined BRIDGES as vice president of Bridge Builders.

The Silent Sales Killer – Body Language

A whopping 60 to 70 percent of what we communicate is shared through body language and not words.

Creativity Tops MBA

Over the past 10 years, the IBM Institute for Business Value and IBM Strategy and Change has conducted four biennial Global CEO Study projects. The latest installment – titled Capitalizing on Complexity – surveyed about 1,500 CEOs in 60 countries and 33 industries. The topic they cited consistently as most important and challenging has been the increasing complexity of business. Well, no surprise there, as the word “global” has become integral in the dictionary of just about every business with the possible exception of my vet.

REGIONAL

Miss. Economic Head: No Politics in Site Selection

JACKSON, Miss. (AP) – Lawmakers are asking the head of Mississippi's economic development agency why the Delta and the southwestern part of the state are often overlooked for major industrial projects.

Mississippi Lawmakers Advancing Budget Proposals

JACKSON, Miss. (AP) – Mississippi lawmakers are entering the final weeks of the lengthy budget-writing process that started last fall.

REAL ESTATE

Homebuilders Have Grim View of Housing Market

WASHINGTON (AP) – Homebuilders have yet to see a turnaround in the housing market after the worst year for new-home sales in a half-century.

NATIONAL BUSINESS

Businesses Add to Inventories as Sales Rise

WASHINGTON (AP) – Businesses added to their stockpiles for a 12th consecutive month in December, suggesting further growth at U.S. factories that could lead to more hiring.

Delta, American Boost Some Air Fares by Up to $120

DALLAS (AP) – Delta and American are raising the price of some tickets favored by business travelers up to $120 per round trip.

Delta Makes Miles Benefits Permanent

ATLANTA (AP)Delta Air Lines Inc. says its SkyMiles mileage program will no longer have an expiration date for the miles customers earn.

NATIONAL POLITICS

Obama Starts Drive for Medical Malpractice Reforms

WASHINGTON (AP) – Putting his own stamp on a long-standing Republican priority, President Barack Obama is launching a drive to overhaul state medical malpractice laws and cut down on wasteful tests doctors perform because they fear lawsuits.

World Bank: Food Prices at "Dangerous Levels"

WASHINGTON (AP) World Bank President Robert Zoellick says global food prices have hit "dangerous levels" that could contribute to political instability, push millions of people into poverty and raise the cost of groceries.

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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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