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VOL. 126 | NO. 20 | Monday, January 31, 2011

Montreal Investor Pays $7.3M for Memphis Center

A Canadian real estate investment group has bought a distressed South Memphis industrial park with plans to reabsorb the space and bring it back to life.

Thriving Independent

Cooper Young’s Black Lodge Video competes in changing landscape

Matt Martin, co-owner of Midtown’s Black Lodge Video, said his proudly independent movie rental shop is looking to unveil a “midnight movie” series sometime this spring.

Thomas & Betts Posts Q4 Increases in Net Sales & Net Earnings

Memphis-based Thomas & Betts Corp. reported an 11.5 percent increase in net sales during the fourth quarter of 2010 compared to the fourth quarter of 2009.

Bank of Bartlett Ends 2010 with $1M Profit

If the executive team that runs Bank of Bartlett had to choose a song to serve as the bank’s theme these days, one candidate might be “Happy Days are Here Again.”

Boyle Fund Pays $14M for Germantown Mall

Boyle Investment Co. has made its first Memphis acquisition since setting up its Midsouth Capital Fund I LLC by acquiring a significant amount of Belz Enterprises Inc.’s interest in Germantown Village Square Shopping Center.

Local Weather
Today
Memphis, TN
72°F
Partly Cloudy
Wind: 5 mph
Humidity: 44%

EVENTS

The Memphis Rotary Club will meet Tuesday at noon at the University Club of Memphis, 1346 Central Ave. Stephen Zack, American Bar Association president, will speak. Cost is $18 per person. Advanced reservations are required. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

Angel Capital Group Launches Memphis Branch

Nashville-based Angel Capital Group launched its Memphis chapter with last week’s first of a series of monthly meetings to establish an Angel investor network and feature presentations from Angel investor members seeking funding.

Chamber Breakfast to Help Businesses ‘Revive and Thrive’

Jane Applegate, the leading speaker for Bloomberg Television’s “Financial Forum” speaker series, will discuss growth strategies for small businesses at the Greater Memphis Chamber’s first Small Business Council Breakfast of 2011.

2010 Home Sales Declined 9.7 Percent

Home sales in the Memphis market declined 9.7 percent in 2010, showing the market perhaps still has a ways to go to recovery.

State Court Ruling Adds Clarity to Hospital Lien Issue

The Tennessee Court of Appeals has added another chapter to what is becoming a thick book of rulings on the issue of how much money hospitals can get from insurers.

Haslam Chimes in on Local Issues

Tennessee Governor Bill Haslam has a warning about his developing set of regional economic development strategies.

U of M’s Ranta Named AdFed’s Silver Medal Winner

Each year, members of the advertising profession select one of their own for the highest recognition the American Advertising Federation Memphis can give.

MEM Passengers Down in 2010, Cargo Up

Year-end passenger and cargo counts for Memphis International Airport showed a slight drop in passenger traffic and growth in cargo.

Purple Pickle Born From ‘Crazy’ Idea

Khristy Stephenson is all about survival.

New Words for New Problems

Small business owners have their own world of pain and problems unique to them. You may not have known it until this column, but new terms have come to describe them. If you have had a hard time finding the right words, check this list and see if it helps.

Giving Back by Wearing Red

Last week we talked about the success of Memphis College Prep and the Jubilee Schools, as well as the importance of scholarships. This week, as we head into February – American Heart Month – let us look at how we can raise awareness for heart disease by “going red.”

THE MEMPHIS NEWS

From Private to Public

Those who run for and hold elected office will tell anyone who listens that running for office and governing are two different points on the same line.

Civic Involvement Has Impact in Students’ Lives

There are many definitions of politics.

Review: ‘A Midsummer Night’s Dream’

If art is about risk-taking, the joint production of Michael Ching’s opera a capella “A Midsummer Night’s Dream” by Opera Memphis, Playhouse on the Square and Delta Capella/RIVA risks about as much as one show possible can.

Long History Follows Paulette’s to Harbor Town

Georges Falls has seen many changes come upon Overton Square since the entertainment district’s heyday in the 1970s and ’80s, but one of the most startling changes is one he is bringing himself.

Great Bistro Wine for a Solid Price

Occasionally I try a wine and think, “This is a great little bistro wine.” By which I mean a basic, simple wine of direct appeal that would go well with typical basic, appealing food in the French bistro style. What sort of fare is that? Think of onion soup, duck and rabbit terrine, boeuf bourguignon, coq au vin, roasted chicken, steak frites, veal blanquette, pork rillettes. Wow, as I write those words it’s a dreary, drippy icky day in a series of dreary, drippy icky days, and that kind of food sounds pretty comforting, soul-satisfying and nap-inducing!

STATEWIDE

Tenn. Job Growth Expected, but Not Robust Increase

CHATTANOOGA (AP) – An economic forecast from the University of Tennessee says the state won't recover all of the jobs it lost during the recession for another three years.

NATIONAL BUSINESS

Microsoft 2Q Earnings Edge Down on Slow PC Sales

SEATTLE (AP)Microsoft Corp.'s net income for the latest quarter fell slightly from a year ago but the software giant still beat Wall Street's expectations despite the weak personal computer market.

Amazon Shares Slip on Revenue Miss, Profit Outlook

SAN FRANCISCO (AP)Amazon.com's results for the holiday shopping season highlight the inherent tension between retailers and consumers: What's good for one isn't necessarily good for the other.

Workers Saw 2 Percent Rise in Wages and Benefits

WASHINGTON (AP) – Workers saw their wages and benefits rise slightly faster in 2010 than 2009, but the gain was still the second-lowest increase in nearly three decades.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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The Memphis News: Business, politics, and the public interest.