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VOL. 126 | NO. 16 | Tuesday, January 25, 2011

Duncan-Williams Inc. Makes Key Exec Hire

Duncan-Williams Inc. has added a heavyweight of the local financial services industry to its executive team as the firm seeks to grow its private client group and complete its 500@50 initiative – $500 million in annual revenue by 2019.

Staging Dreams

Home stagers get creative to get clients

With a plethora of homes on the market – many of them languishing there for months – home staging is one of those rare subsets of the housing industry that’s benefited from the economy’s downturn.

County Commission Questions Then Approves Electrolux Deal

Shelby County Commissioners approved the agreement and $22 million in bond financing Monday to bring the Electrolux plant to the Pidgeon Industrial Park.

Warren Rolls Out More Detailed Compromise For Feb. 28 Board Vote

The Memphis City Schools board has another compromise plan for breaking a consolidated school system into several districts.

NoBaby Campaign Puts Spotlight on Girls Inc.

The organization at the forefront of the NoBaby campaign, Girls Inc. of Memphis emerged in the national spotlight last week when NBC news outlets reported on teen pregnancy rates at Frayser High School.

Local Weather
Today
Memphis, TN
76°F
Partly Cloudy
Wind: 12 mph
Humidity: 46%

EVENTS

The International Business Council of the Greater Memphis Chamber will host a forum titled “China – The New Frontier for Export” Tuesday from 8 a.m. to 11:30 a.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Panelists will provide an understanding of the market and business language/culture in China, the demand for goods to be imported into China and how to access the markets. For reservations, contact Brenda Montgomery at 543-3541 or bmontgomery@memphischamber.com.

more events »

City, County Schools Leaders Address Critical Issues

On what turned out to be a school day with snow in the afternoon, the Shelby County Schools board had a lot on its agenda last week.

Louis Dreyfus Buys Kentucky Drive Warehouse

2514 Kentucky Drive, Memphis, TN 38106, Sale Amount: $2.4 million -
Louis Dreyfus Commodities Memphis Warehousing LLC has bought two parcels from Westside Compress Co. Inc. for $2.4 million.

Stay Focused and Keep it Simple

Recently, I caught a morning news program and found myself completely amazed by the rhetorical skill of a particular bearish money manager emphasizing an obscure market variable. As his argument progressed, it became clearer to me that his fact set was flawed.

MEMPHIS AREA

FedEx Starts Deep Frozen Shipping Solution Option

MEMPHIS (AP) – Shipping company FedEx Corp. said Monday it started a Deep Frozen Shipping Solution to ship temperature-sensitive healthcare products around the world.

REGIONAL

Miss. Religious Group Seeks End to Payday Loan Law

JACKSON, Miss. (AP) – The Mississippi Religious Leadership Conference is asking lawmakers to put payday lenders out of business in the state.

NATIONAL BUSINESS

CVS Caremark Says Merlo Will Become CEO in March

NEW YORK (AP) – Drugstore operator and pharmacy benefits manager CVS Caremark Corp. said Monday that Larry Merlo will succeed Thomas Ryan as CEO on March 1, about two months earlier than expected.

Bank of America Targets Mass Affluent Consumers

NEW YORK (AP) – Bank of America Corp. on Monday launched an initiative targeting what it calls "mass affluent" customers with $50,000 to $250,000 in investable assets.

RadioShack CEO Julian Day Retiring

NEW YORK (AP) – RadioShack said Monday its chairman and CEO Julian Day is leaving and announced disappointing fourth-quarter guidance that sent shares down 12 percent in midday trading.

Poll: Hiring Plans Top Layoffs by Most in 12 Years

WASHINGTON (AP) – Industry economists say the U.S. economic recovery is gaining strength, with more firms expressing positive hiring plans than in over a decade.

NATIONAL POLITICS

Republicans Press for Senate Vote on Health Care

WASHINGTON (AP) – Senate Republicans want to box majority Democrats into allowing a health care repeal vote even if GOP lawmakers expect to be on the losing side.

Obama Goal: 'Putting the Economy Into Overdrive'

SCHENECTADY, N.Y. (AP) – More than half the nation disapproves of President Barack Obama's policies to reduce stubbornly high unemployment, a new Associated Press-GfK poll said Friday as Obama refocused his job-creation efforts on a business-friendly vision emphasizing innovation and exports to other countries.

Bernanke Bond Plan Faces More Skeptics Within Fed

WASHINGTON (AP) – Few expect any major shifts when the Federal Reserve's policymaking panel meets this week, even though two of its new voting members have been skeptics of the Fed's $600 billion Treasury bond purchase plan.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 146 10,368
MORTGAGES 95 202 13,529
FORECLOSURE NOTICES 19 43 2,687
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 62 122 10,014
BUSINESS LICENSES 21 37 3,773
UTILITY CONNECTIONS 99 248 14,805
MARRIAGE LICENSES 27 58 3,225

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