VOL. 126 | NO. 24 | Friday, February 4, 2011
International Paper Co. reported net earnings of $316 million for the fourth quarter of 2010 and net earnings for all of 2010 of $644 million, a $19 million drop for the year from 2009.
International Blues Challenge brings world to genre’s home
Memphis has long been known as the “home of the blues,” a moniker that’s on display this week at the annual International Blues Challenge.
Memphis Mayor A C Wharton Jr. told Memphis City Council members Thursday that he and Tennessee Gov. Bill Haslam have been talking about some more changes in the state legislation that would lengthen the schools consolidation process to three years.
The state House education committee has approved the bill that would bar any consolidation of city and county schools until August 2013 and open the door to special school district status for Shelby County Schools.
A Wolfchase auto dealership facility is officially changing hands and names.
Crye-Leike Realtors Inc. continues to expand its standing as the largest real estate firm in the Mid-South area by merging with Memphis-based Coleman-Etter, Fontaine Realtors.
Some Hollywood films are so predictable, viewers can see the ending coming long before the credits roll.
Union Pacific Railroad CEO James Young meets at the company’s headquarters in Omaha, Neb., Friday with a group from Memphis and West Memphis to talk about biking and hiking.
Farmers, other food producers and chefs gather Monday for a half-day session to discuss emerging issues as the number of farmers markets in the city grows.
Several Memphis-based nonprofits are using Super Bowl Sunday as an opportunity to encourage citizens to give back to their community.
Most members of the Tennessee Legislature are just now getting a crash course in the controversy that has dominated Memphis and Shelby County politics since Thanksgiving.
The Greater Memphis Chamber’s Dexter Muller has often said the word “aerotropolis” sounds like the place where Superman was born.
Richard F. Ranta is a household name around the University of Memphis campus.
The first one was in the former Barksdale police station, a mounted police station complete with a stable and cells. Kids playing horse replaced the horses. Cells became offices, and the squad room turned into a classroom. A pool table took the place of the sergeant’s desk, kids doing homework replaced cops doing paperwork, and those with nowhere to go and nothing better to do found both and themselves in the first Boys Club.
Part Two of a Two-Part Series
STATEWIDE
NASHVILLE – Commissioner Doug Varney of the Tennessee Department of Mental Health on Wednesday likened pending budget cuts to amputating fingers.
REGIONAL
JACKSON, Miss. (AP) – There were few surprises for Mississippi when new census figures were released Thursday – DeSoto, Lamar, Madison and Rankin counties saw impressive growth.
JACKSON, Miss. (AP) – Mississippi Gov. Haley Barbour says a House budget proposal would spend too much from the state's financial reserves, and he believes that could hurt long-term economic development.
NATIONAL BUSINESS
WASHINGTON (AP) – The U.S. service sector, which employs nearly 90 percent of America's work force, grew in January at the fastest pace in five years. The report capped a string of data Thursday that pointed to an expanding economy and stronger hiring.
NEW YORK (AP) – The average rate on the 30-year fixed mortgage edged up this week as bond yields increased.
WASHINGTON (AP) – The number of people applying for unemployment benefits plunged last week, reversing a spike from the previous week largely caused by harsh winter weather.
NEW YORK (AP) – U.S. retailers reported surprisingly solid January revenue gains Thursday that swept away fears that snowstorms in much of the country had chilled sales.
NEW YORK (AP) – Drugstore chain and pharmacy benefits manager CVS Caremark Corp. said Thursday that its profit fell 2 percent in the fourth quarter on lower revenue because of client losses and fewer Medicare prescription drug program members.
DEERFIELD, Ill. (AP) – Drugstore operator Walgreen Co. said Thursday that its sales increased in January, topping a key sales measurement monitored by Wall Street.
NATIONAL POLITICS
WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke says the U.S. can't fully recover from the worst recession in decades until hiring improves.