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VOL. 126 | NO. 36 | Tuesday, February 22, 2011

Medtronic Q3 Income Up, Layoffs Coming

As Medtronic Inc. Tuesday announced an increase in its third quarter net income, the company also said it would reduce its global workforce by 1,500 to 2,000 employees, or 4 to 5 percent of its workforce, during the fourth quarter.

Broad Possibilities

Traffic, interest continues upward trend for Broad Avenue

Back when Broad Avenue was the terminus of the Interstate-40/Sam Cooper Boulevard corridor, car traffic was a big problem.

Accredo Revenue Reaches Record High, Parent Co. Medco Reports 11 Pct. Profit Increase

NEW YORK (AP)Medco Health Solutions Inc., the country's largest pharmacy benefits manager, said Tuesday its fourth-quarter profit rose 11 percent, reflecting an increase in mail-order prescriptions and its expanded service business.

Employee Benefits Issue Plays Out Locally

The debate the Wisconsin Legislature is having about public employee benefits is an issue familiar to local elected leaders.

ADDY Awards Honor City’s Best Work

The local advertising industry’s creativity this past year has put a new meaning to the phrase “think outside the box.”

Local Weather
Today
Memphis, TN
81°F
Partly Cloudy
Wind: 0 mph
Humidity: 72%

EVENTS

The Memphis Rotary Club will meet Tuesday at noon at the University Club of Memphis, 1346 Central Ave. Ned Canty, general director of Opera Memphis, will speak. Cost is $18 per person. Advanced reservations are required. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

Memphis Businesses Learn to Ride ‘Mobile Wave’

A cross-section of the Memphis business community that included professionals from the financial, home services, marketing, medical, real estate and information technology industries gathered Friday at Comprehensive Pharmacy Services, 6409 Quail Hollow Road, for a conference called “Preparing for the Mobile Wave.”

IBERIABANK Files $2.5 Million Permit

4894 Poplar Ave., Memphis, TN 38117, Permit Amount: $2.5 million -
IBERIABANK has filed a $2.5 million permit application with the city-county Office of Construction Code Enforcement for its Memphis market headquarters at 4894 Poplar Ave. The Daily News first reported the planned move in September.

Economy Needed Only 23 Months to Double Up

Friday, March 6, 2009. It was hard to find many investors smiling on that day nearly two years ago as the S&P 500 reached an intra-day low of 666 (no, I am not mistyping). On that day, I had the following comments:

Snow and the Plastic Mind

Say you are the first to leave an office building after a heavy snow. Your destination is a large parking lot about 100 yards away. You are, in effect, the trailblazer for the day. Let’s also assume that your car is on the far right side of the parking lot. Then a second person leaves the building and needs to get to the same area of the parking lot. He or she will likely take the same path you took. It’s easier than creating a new path.

STATEWIDE

Legislation Would Take Legal Notices From Paper

CHATTANOOGA, Tenn. (AP) — Two Chattanooga-area lawmakers have introduced a bill that would allow the city and Hamilton County to post legal notices on their official web sites instead of paying to publish them in the newspaper.

Cabinet Members Disclose Potential Conflicts

NASHVILLE, Tenn. (AP) — Two new cabinet officials have investments that could cause conflicts with their duties to the state.

REGIONAL

Editorial: Mississippi Needs More Openness in Government

Editor's Note: Part of a series about transparency in Mississippi government.

Barbour Sees no Baggage on Race Issues

DES MOINES, Iowa (AP) — Mississippi Gov. Haley Barbour says he carries no political baggage because of his positions on racial issues.

Ark. Senate Panel Backs 3 Tax Cut Measures

LITTLE ROCK, Ark. (AP) — A Senate panel on Monday backed Gov. Mike Beebe's proposal to cut Arkansas' grocery tax along with reductions in the used car and manufacturers' utility taxes, setting up a potential showdown with the House and Beebe over reductions in the state's revenues.

More Small Earthquakes Felt in Arkansas Towns

GREENBRIER, Ark. (AP) — Another series of small earthquakes is being felt in Faulkner County near the towns of Greenbrier and Guy.

NATIONAL BUSINESS

Oil Jumps to Above $90 as Libya Protests Spread

Oil prices jumped by over $4 a barrel on Monday amid investor concerns that violent protests spreading in Libya could disrupt crude supplies from the OPEC nation and affect other oil-rich countries in the region.

NATIONAL POLITICS

Memories of 1995 Haunt GOP as Shutdown Talk Grows

WASHINGTON (AP) — Few memories haunt Republicans more deeply than the 1995-96 partial shutdown of the federal government, which helped President Bill Clinton reverse his falling fortunes and recast House Republicans as stubborn partisans, not savvy insurgents.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 238 10,116
MORTGAGES 103 297 13,172
FORECLOSURE NOTICES 0 40 2,578
BUILDING PERMITS 0 370 23,894
BANKRUPTCIES 70 222 9,755
BUSINESS LICENSES 20 71 3,674
UTILITY CONNECTIONS 126 390 14,353
MARRIAGE LICENSES 0 53 3,116

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