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VOL. 126 | NO. 41 | Tuesday, March 1, 2011

'Clear Leader': AutoZone sets industry tone with another scorching quarter

AutoZone Inc. chairman and chief executive officer Bill Rhodes told analysts during a presentation of the company’s second quarter results Tuesday morning that the Memphis-based auto parts retailer had its best quarterly performance since the end of 2003 for the period ending Feb. 12.

Helping Homes

Showcase gives back while giving glimpse of new designs

In a market plagued by a dearth of new home construction, one Memphis-based development team is tackling affordable housing and giving back in one fell swoop.

City Seeks Funding Swap for Loan Programs

Two loan funds that are part of Memphis Mayor A C Wharton Jr.’s administration’s move to a broader minority and small-business development program are on Tuesday’s agenda at a City Council committee meeting.

Cash Says Ballot Question Short On Answers For Voters

Memphis City Schools superintendent Dr. Kriner Cash said Monday it’s not clear what voters in the March 8 referendum are deciding.

County Commission Plans to Appoint Countywide School Board End of March

The Shelby County Commission plans to appoint a 25 member countywide school board on March 28 and the line has already starting forming for the appointments.

Local Weather
Today
Memphis, TN
54°F
Mostly Cloudy
Wind: 5 mph
Humidity: 62%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop Tuesday from 8:30 a.m. to noon at its office, 5100 Poplar Ave., suite 502. Participants will discuss accounting and financial reporting issues with a CPA specializing in the nonprofit sector. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

Early Voting Barely Eclipses 3 Percent

Votes approached the 13,000 mark through the last weekend of the early voting period in advance of the March 8 Election Day for the schools consolidation referendum.

Opportunities Abound for Gap-Year Students

With graduation looming this spring, more high school seniors might be planning to take a gap year before they embark on their college careers, and local colleges are reaching out with marketing strategies to cater to their needs.

Renovations Begin at Pinnacle Headquarters

40 S. Main St., Memphis, TN 38103, Permit Amount: $8.7 Million -
Memphis Commerce Square Partners has filed an $8.7 million permit application with the city-county Office of Construction Code Enforcement for renovation work to One Commerce Square, 40 S. Main St., Pinnacle Airlines Corp.’s future headquarters.

Looking for Opportunities in the Economic Fog

Take one look at the economic trends of the Memphis office real estate market over the past year and the impact of the recession becomes all too clear. A fog of uncertainty, created in large part by low consumer confidence and the lack of a crystal ball to predict the future recovery, has had many companies sitting on the sidelines.

Finding Virtual Team Triumphs

One of the funniest things that ever happened in our office is that once (before smart phones) when the power went out, two of our younger team members were stymied about how to get a phone number because their computers were down.

Decide What to Do, What Not to Do

“To do, or not to do; that is the question.”

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet today at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

STATE LEGISLATURE

Haslam: Tenn. Should Seek Balance in Pay, Benefits

NASHVILLE (AP) – Gov. Bill Haslam says he's unconvinced by arguments that state workers deserve better benefits because they may be sacrificing better pay in the private sector.

REAL ESTATE

Fewer People Sign Contracts to Buy Homes in Jan.

WASHINGTON (AP) – Fewer Americans signed contracts to buy homes in January, the latest evidence that the housing market is struggling to rise above depressed levels.

NATIONAL BUSINESS

SPIN METER: Industry Jobs Studies are Imprecise

WASHINGTON (AP) – Industry officials say with confidence that 7.3 million jobs will disappear if the Obama administration goes through with tighter rules to reduce smog. The industry-sponsored researcher who came up with that number isn't so sure.

Survey: Economy Will Grow Moderately Through 2012

NEW YORK (AP) – Economists are forecasting faster growth than they were in November, according to a quarterly survey from the National Association for Business Economics.

Tax Cut Boosts Incomes, Spending Sees Small Gain

WASHINGTON (AP) – A tax cut that began last month gave consumers the biggest jump in their incomes in nearly two years. But Americans boosted their spending only slightly, a sign that many people are being cautious with their money even as the economy improves.

Reports: JPMorgan Seeks Minority Stake in Twitter

NEW YORK (AP) JPMorgan Chase & Co.'s new fund that invests in social media companies is in talks to buy a minority stake in Twitter, according to published reports.

NATIONAL POLITICS

Gates: Spending Cuts Don't Have to Harm Learning

WASHINGTON (AP) – Even in the midst of large spending cuts, Microsoft co-founder Bill Gates said Monday that schools can improve the performance of students if they put more emphasis on rewarding excellent teaching and less emphasis on paying teachers based on seniority and whether they have a master's degree.

Obama: Public Employees Should Not be Vilified

WASHINGTON (AP) – President Barack Obama says public employees should not have their rights infringed upon as states look for ways to cut spending.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

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