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VOL. 126 | NO. 14 | Friday, January 21, 2011

Smith & Nephew Rumors Continue to Swirl

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.

Moving Forward

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 Horizon Swings to Q4 Loss Related to TARP Repayment

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.

Parkinson Wins St. Rep. Dist. 98 Primary

Antonio Parkinson is the newest member of the Shelby County legislative delegation to Nashville.

Kruger Inc. Eyes Expansion in Memphis

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.

Local Weather
Today
Memphis, TN
75°F
Fair
Wind: 3 mph
Humidity: 34%

EVENTS

The Rotary Club of Memphis Central will meet Friday from 11:45 a.m. to 1 p.m. at Chickasaw Country Club, 3395 Galloway Ave. Deborah Clubb, executive director of the Memphis Women’s Council, will speak. Cost is $25 for guests. For reservations, call Karen Shea at 683-9099.

more events »

Yogurt Craze Continues with TCBY Store

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.

10-Year PILOT Granted to U.S. Foodservice

Memphis is now battling Olive Branch to keep U.S. Foodservice Inc. in Hickory Hill.

New School Merger Option Emerges

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.

BBB Fields Increased Inquiries

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.

U of M to Host Biomaterials Day

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.

Service and Community at Heart of Chastain’s Career Choices

Chris Chastain’s career can be characterized by two main themes: service and community.

The No Voting Machine

THANKS, GUYS, BUT WE’LL TAKE IT FROM HERE.

Marketing for a Cause

Part two of a two-part series

MEMPHIS AREA

Tennessee Democrat Stands by Nazi Remarks

WASHINGTON (AP) – A Tennessee Democrat is defending his comparison of Republican health care arguments to Nazi propaganda.

STATEWIDE

Tenn. Lacks State Laws Governing Electronic Waste

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.

Haslam Stresses Transparency in Cabinet Meeting

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.

Free Wireless Internet Available in Tenn. Capitol

NASHVILLE (AP) – Free wireless Internet access is now available outside the Senate and House chambers at the Tennessee Capitol.

State Notes Employment Growth Over Past Year

NASHVILLE (AP) – New state Labor Commissioner Karla Davis says employment growth is keeping Tennessee's jobless rate down from a year ago.

STATE LEGISLATURE

School Vouchers not Among Haslam Education Plans

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

Rate on 30-Year Fixed Mortgage Rises to 4.74 Pct.

NEW YORK (AP) – The average rate on a 30-year fixed mortgage rose slightly this week, following increases in Treasury yields.

NATIONAL BUSINESS

Generous Tax Breaks Make Tax Reform Difficult

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.

Wal-Mart to Make, Sell Healthier Foods

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.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 153 14,870
MORTGAGES 64 144 19,474
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 217 359 35,689
BANKRUPTCIES 59 121 14,155
BUSINESS LICENSES 24 86 5,077
UTILITY CONNECTIONS 71 170 21,603
MARRIAGE LICENSES 22 59 4,616

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