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VOL. 126 | NO. 42 | Wednesday, March 2, 2011

GTx, Ipsen Terminate Drug Collaboration

Memphis biopharmaceutical startup GTx Inc. said Wednesday it and French-based pharmaceutical giant Ipsen have mutually agreed to terminate their collaboration for the development and commercialization of toremifene.

‘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.

Overton Square Developer Eyes Grocery Store

A premium grocery store is in the works for Overton Square with plans to preserve the entertainment district’s character and bring it back to life, Loeb Properties Inc. revealed this week.

Godwin May Have State Posting

Outgoing Memphis Police Director Larry Godwin may be going to work for the state of Tennessee.

CCHS Opens Binghampton Dental Clinic

Christ Community Health Services on Tuesday opened its state-of-the-art, $1.4 million, 5,000-square-foot dental facility at 2953 Broad Ave. in the heart of Memphis’ Binghampton neighborhood.

Local Weather
Today
Memphis, TN
40°F
Cloudy
Wind: 13 mph
Humidity: 63%

EVENTS

Metamorphoses Inc. will hold a community event to draw attention to new programs designed to help troubled youth Wednesday at 1 p.m. at Ridgeway Assembly of God Church Family Life Center, 3150 Ridgeway Road. The event will highlight a three-month pilot program conducted in cooperation with Memphis City Schools set to launch March 23. For more information, call 552-3260.

more events »

Divisions Remain As Schools Talks Continue

Memphis City Schools board members continue a series of town hall meetings on the schools consolidation referendum with different opinions about what the ballot question means.

In Tough Economy, Rental Property Investments Shine

With the housing market depressed and credit tight, Memphis’ home rental business doesn’t appear to be losing steam any time soon.

FedEx’s Jackson Named Top 100 Thought Leader

Mitch Jackson, vice president of environmental affairs and sustainability at FedEx Corp., has been named one of 2010’s Top 100 Thought Leaders in Trustworthy Business Behavior by Trust Across America.

Sure-Fire Ways For Overcoming Price Objections

Given recent economic realities, it’s easy to assume that when prospects respond to your proposal with “Can you do it for less?” the price objection is legitimate.

It’s Spring Toy Season

Ray’s Take: The days are getting longer, hooray.

STATEWIDE

911 Dispatchers Face New Training Rules

NASHVILLE (AP) – The Tennessee Emergency Communications Board has voted to add new training requirements for 911 dispatchers who take calls about missing or exploited children.

STATE LEGISLATURE

Tenn. Bill to Protect Employers Allowing Guns

NASHVILLE (AP) – Republican Sen. Mike Bell says he's optimistic about the passage of a proposal that would provide liability protection for employers who choose to allow guns to be carried in their work place.

Tenn. House OKs Bill to Allow Divorced Voter Name Change

NASHVILLE (AP) – The state House has passed a bill to prohibit election officials from purging a voter's registration after a name change due to a divorce.

State Senate to Get Proposal That Would Ban Income Tax

NASHVILLE (AP) – A measure that would amend the Tennessee Constitution to ban an income tax is headed for a full Senate vote.

State House to Take Up Haslam Education Proposals First

NASHVILLE (AP) – House Speaker Beth Harwell says the lower chamber of the General Assembly plans to take up Gov. Bill Haslam's proposals on tenure and charter schools before taking up a measure to do away with teachers' collective bargaining rights.

REAL ESTATE

Longtime Listings Try Again in Spring

Spring can be an exciting time for homeowners ready to sell. But not so much when your home has lingered on the market through multiple spring selling seasons.

NATIONAL BUSINESS

GM Leads Auto Sales Jump With 49 Percent Increase

DETROIT (AP)General Motors Co. led automakers with a 49 percent U.S. sales jump last month, aided by sweeter financing and lease deals and strong demand for newer models.

Manufacturing Growing at Fastest Pace in 7 Years

WASHINGTON (AP) – U.S. manufacturers expanded at the fastest pace in nearly seven years last month, but a sudden rise in the price of raw materials could threaten their profits.

Sam's Club to Sell GNC Products

NEW YORK (AP)General Nutrition Centers Inc., which makes nutritional supplements, said Tuesday that Sam's Club will start selling some of its products this month.

CVS Says FTC OKs Buyout of Universal American Unit

NEW YORK (AP) CVS Caremark Corp. said Tuesday that federal antitrust regulators cleared its planned acquisition of insurer Universal American Corp.'s Medicare Part D prescription drug business.

NATIONAL POLITICS

Ben Bernanke's Plan Worked; What Happens After?

NEW YORK (AP) – Nearly everything is going according to the plan Federal Reserve Chairman Ben Bernanke hatched six months ago.

Court: No Personal Privacy for Business in FOIA

WASHINGTON (AP) – The Supreme Court ruled Tuesday that corporations have no right of personal privacy to prevent the disclosure of documents under the federal Freedom of Information Act.

Key House Republican Praises Obama Housing Plan

WASHINGTON (AP) – The Obama administration's plan to gradually dissolve ailing housing giants Fannie Mae and Freddie Mac and to shrink the government's role in the mortgage market drew praise from House Republicans on Tuesday. The GOP chairman of the House Financial Services Committee called the proposal a good starting point for bipartisan negotiations over a housing overhaul.

Bernanke: Rising Oil Prices Pose Threat to Economy

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke told Congress on Tuesday that a prolonged rise in oil prices would pose a danger to the economy. But he said a more likely outcome is a temporary and modest increase in consumer prices, not runaway inflation.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 206 16,619
MORTGAGES 84 228 21,660
FORECLOSURE NOTICES 21 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 73 222 15,764
BUSINESS LICENSES 23 51 5,542
UTILITY CONNECTIONS 86 287 23,860
MARRIAGE LICENSES 21 72 5,107

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