VOL. 126 | NO. 14 | Friday, January 21, 2011
Despite Smith & Nephew’s attempts to quash rampant rumors that it’s being targeted for takeover, Wall Street seems to be sticking with the maxim that where there’s smoke, there’s fire.

School fight moves to election date, transition discussions
Even before the Shelby County Election Commission set a March 8 referendum date this week, the political discussion of school consolidation had already moved to who would control the transition.
First Tennessee Bank’s parent company swung to a loss in the fourth quarter, a reversal the company attributed to its exit from the federal government’s emergency bank industry rescue program established in 2008.
Antonio Parkinson is the newest member of the Shelby County legislative delegation to Nashville.
Memphis may be landing another big economic development win from Canada, with the possibility of paper, packaging and tissue maker Kruger Inc. reportedly eyeing a major expansion in Memphis.
A TCBY franchise has signed a 1,225-square-foot lease in University Center, 3445 Poplar Ave., at the southwest corner of Poplar and Highland Street.
Memphis is now battling Olive Branch to keep U.S. Foodservice Inc. in Hickory Hill.
A second quicker path to school consolidation opened this week, the same night the Memphis City Schools board made a bigger splash by voting down a compromise offer from the Shelby County Schools system.
Local consumers are increasingly turning to the Better Business Bureau to find reliable services, despite the rise of a number of alternative websites that enable consumers to rate their experiences and leave feedback.
Biomedical industry professionals, students and faculty will have the opportunity to pick the brains of industry professionals at next week’s Biomaterials Day at the University of Memphis.
Chris Chastain’s career can be characterized by two main themes: service and community.
THANKS, GUYS, BUT WE’LL TAKE IT FROM HERE.
Part two of a two-part series
MEMPHIS AREA
WASHINGTON (AP) – A Tennessee Democrat is defending his comparison of Republican health care arguments to Nazi propaganda.
STATEWIDE
CHATTANOOGA (AP) – Americans generate more than 2 million tons of electronic waste a year, some of it toxic. But fewer than half the states have laws governing its disposal, and Tennessee isn't one of them.
NASHVILLE (AP) – Gov. Bill Haslam stressed the themes of transparency, responsiveness and humility at his first full Cabinet meeting Wednesday even as he defended a decision to scrap financial disclosure rules for himself and other top officials.
NASHVILLE (AP) – Free wireless Internet access is now available outside the Senate and House chambers at the Tennessee Capitol.
NASHVILLE (AP) – New state Labor Commissioner Karla Davis says employment growth is keeping Tennessee's jobless rate down from a year ago.
STATE LEGISLATURE
FAIRVIEW, Tenn. (AP) – Gov. Bill Haslam calls school vouchers "an interesting concept" but says they will not be a part of his education agenda.
REAL ESTATE
NEW YORK (AP) – The average rate on a 30-year fixed mortgage rose slightly this week, following increases in Treasury yields.
NATIONAL BUSINESS
WASHINGTON (AP) – Nine in 10 Americans will find the maze of credits, deductions and exemptions on their tax forms so confusing and difficult that they'll hire someone or turn to special computer software to fill out their returns. Even the commissioner of the Internal Revenue Service says he pays someone to do his taxes.
WASHINGTON (AP) – Wal-Mart, the nation's largest grocer, says it will reformulate thousands of products to make them healthier and push its suppliers to do the same, joining first lady Michelle Obama's effort to combat childhood obesity.