VOL. 126 | NO. 41 | Tuesday, March 1, 2011
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.
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.
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.
Memphis City Schools superintendent Dr. Kriner Cash said Monday it’s not clear what voters in the March 8 referendum are deciding.
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.
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.
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.
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.
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.
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.
“To do, or not to do; that is the question.”
GOVERNMENT 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
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
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
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.
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.
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.
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
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.
WASHINGTON (AP) – President Barack Obama says public employees should not have their rights infringed upon as states look for ways to cut spending.