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VOL. 126 | NO. 35 | Monday, February 21, 2011

‘Big 3’ Reflect Local Banking Scene

One of the most famous aphorisms about politics is that all of it is local. Bankers and other inhabitants of the finance world know the same often goes for them too.

Dollar Signs

Memphis investment firms see strong growth

From wealth management to accounting to investment firms, plenty of financial services companies in Memphis are enjoying a robust level of growth that might seem surprising to an outsider.

FTN Financial Gets Right Fit at Top With Kisber

Whenever Bryan Jordan, the president and CEO of Memphis-based First Horizon National Corp., gives a presentation to analysts or other financial industry types, he repeatedly stresses the company’s focus on its two core businesses.

Kelman-Lazarov Prides Itself on Customer Service

For 30 years, business partners Ron Lazarov and Marty Kelman of Kelman-Lazarov Inc. have taken financial planning and turned it into something people can holistically approach.

2011 CRE Outlook Cautiously Optimistic

Optimism is in the eye of the beholder in the commercial real estate industry. In a city plagued with high vacancies and scarce speculative development, investors have Memphis on its radar – and Memphis should too.

Local Weather
Today
Memphis, TN
60°F
Partly Cloudy
Wind: 0 mph
Humidity: 62%

EVENTS

The University of Memphis will hold a public information session for its Back on Track program Monday from 5:30 p.m. to 7 p.m. in the Michael D. Rose Theatre on campus. The program is designed for students, particularly adults who didn’t graduate, to return to school and complete their degrees. For more information, call 678-1237.

more events »

Ripples From Stanford Scheme Still Felt in Memphis

The court-appointed receiver who’s unwinding the now-defunct operations of Stanford Financial Group – once fueled by money from a giant Ponzi scheme – is preparing to sell off Stanford property in Collierville.

Strickland to Bring Message of Hope to Memphis

Bill Strickland is widely admired for the many hats he wears; CEO, social entrepreneur, writer, speaker and visionary.

Forums’ Message: Schools Vote More Than About City

In the Bartlett Station Municipal Center last week, Memphis City Council member Shea Flinn asked for a show of hands among the several hundred people at the Mid-South Tea Party forum on schools consolidation.

Does Size Matter in Small Business?

The biggest of small businesses would be that of a professional athlete or movie star. These may be companies with just one employee but revenues of $20 million-plus. More importantly, the $20 million is net. Compare that with the salary of a CEO, a Fred Smith, who runs a global company with 300,000 employees for a mere $5 million salary.

Eating Soup Gives Back

Last week, we discussed ways you can partner with Memphis Recovery Centers, which is helping adolescents and adults fight drug and alcohol addiction. This week let us grab a spoon and learn how eating soup Feb. 27 can benefit a local nonprofit dedicated to helping emotionally and behaviorally troubled children and their families live successfully.

THE MEMPHIS NEWS

Lighting the Fuse

Memphis voters have 22 words to weigh as they decide what is to become of Shelby County’s two public school systems.

Fate of City, County Schools in Balance

The most important part of a high-stakes, convoluted political drama started Feb. 16 when Memphians began casting early ballots on the schools consolidation question.

IRIS, TSC Put New Twist on Old ‘Dream’

Arts organizations will collaborate to produce a joint production of Shakespeare’s “A Midsummer Night’s Dream” in a format never before seen in the Mid-South.

Salt: How Much Is Too Much in Our Food?

It’s not that the salt has lost its savor but that it has been keeping company with pretty unsavory characters, like high blood pressure, heart disease and a host of other ills.

It’s Easy to See Wide Appeal of Kendall-Jackson Chardonnay

One understands the appeal of the Kendall-Jackson Vintner’s Reserve Chardonnay, the best-selling chardonnay in America. Sipping the 2009 version, the current release, a few days ago, I felt the immediate draw of its sunny ripeness and blatant tropical scents and flavors; it feels almost optimistic.

NATIONAL BUSINESS

FedEx Breaks Ground for Norcross, Ga., Facility

NORCROSS, Ga. (AP) FedEx Corp. broke ground in Norcross for a distribution facility the company expects to employ 240 workers and 75 contractors when it opens next year.

When Luggage, Lateness Matter as Much as the Fare

NEW YORK (AP) – Flying is rarely seamless. Hoping to hit the Pick Four of a low fare, uninterrupted trip, great service and unscathed luggage is wishful thinking.

NATIONAL POLITICS

Intel Chief to Join White House Council on Jobs

SAN FRANCISCO (AP) – Casting about for innovative job-creation ideas, President Barack Obama is naming one of his critics to an advisory council responsible for finding new ways to promote economic growth and bring jobs to the U.S.

Social Security Agency Warns of Workers' Furloughs

WASHINGTON (AP) – Upping the ante in the budget faceoff, the Obama administration warned Friday that workers who distribute Social Security benefits might be furloughed if congressional Republicans force cuts in federal spending.

Bernanke Urges Nations to Help Ease Trade Gaps

PARIS (AP) – Federal Reserve Chairman Ben Bernanke on Friday urged countries with large trade surpluses like China to let their currencies rise in value to help prevent another global financial crisis.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 0 58 3,853
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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