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VOL. 126 | NO. 44 | Friday, March 4, 2011

Red Door Hits First Year by Exceeding Goals

Red Door Wealth Management, a financial advisory business that has an alliance with local accounting firm Cannon Wright Blount PLLC, just wrapped up its first year in existence this month.

At Logistics' Heart

'Aerotropolis' author bullish on Memphis’ role in concept

The chairman of the Memphis-Shelby County Airport Authority Board puts Memphis at the “midway” point between the ingredients for a dedicated aerotropolis and a nuts and bolts master plan to turn it into reality.

County Schools Adds Commission As Defendant In Consolidation Suit

The Shelby County Schools system has amended its federal lawsuit on the schools consolidation referendum to include the Shelby County Commission as a defendant.

Glaeser Discusses City Triumphs at Leadership Luncheon

Community leaders and elected officials were on hand Thursday as Harvard urban expert Ed Glaeser spoke at the seventh annual Leadership Memphis Community Leadership luncheon held at the Holiday Inn University of Memphis.

Electrolux Officials Sign Downtown Office Lease

Before it builds a new manufacturing plant at Frank C. Pidgeon Industrial Park, Electrolux will set up shop in Memphis with a Downtown office.

Local Weather
Today
Memphis, TN
87°F
Mostly Cloudy
Wind: 5 mph
Humidity: 46%

EVENTS

The Rotary Club of Memphis Central will meet Friday from 11:45 a.m. to 1 p.m. at Chickasaw Country Club, 3395 Galloway Ave. Philip Johnson and Tom Merriam, partners at Argyle Benefits Consultants, will speak. Cost is $25 for guests. For reservations, call Karen Shea at 683-9099.

more events »

ArtsMemphis Displays 25 Years of Grant Clips

The average paper clip consists of a twice-looped thin wire that extends close to three centimeters long and weighs about a gram.

Metamorphoses Targets Memphis’ At-Risk Boys

When the national news media early this year zeroed in on reports of high rates of pregnancy among Memphis’ adolescent girls and the programs being implemented to address the issue, many Memphians asked, “So, what about the boys?”

Godwin Named State Deputy Safety Commissioner

Memphis Police Director Larry Godwin looked closely last week at a newly decorated wall at the police training academy in Frayser.

Capwell Shares Love of Reading Through Books From Birth

After Nora Capwell’s children were born, she left her career in the financial industry to pursue volunteer work and eventually became involved with the Junior League of Memphis, a nonprofit organization of women committed to improving the Memphis community.

Not Through Here

National stop sign.

Structuring Integral Items In Proposals

Part two of a two-part series

MEMPHIS AREA

Memphis City Employees Urged to Make Suggestions

MEMPHIS (AP) – The City of Memphis has begun its new Employee Suggestion Program.

Mellencamp Headlines Beale Street Music Festival

MEMPHIS (AP) – Memphis in May officials say John Mellencamp, Wilco, Cee Lo Green, Ke$ha, Stone Temple Pilots, B.o.B. and Godsmack are scheduled to perform at the three-day Beale Street Music Festival this spring.

STATEWIDE

Tenn. January Unemployment Rate was 9.5 Percent

NASHVILLE (AP) – Tennessee Labor Commissioner Karla Davis says the state's unemployment rate for January was 9.5 percent, up 0.1 percent from the previous month.

Community, School Gardens Being Promoted in State

NASHVILLE (AP) – The Tennessee Department of Agriculture and the Tennessee Farm Bureau Foundation are promoting community and school gardens by offering grants.

STATE LEGISLATURE

Teach For America VP Named Education Commissioner

NASHVILLE (AP) – Gov. Bill Haslam has appointed Kevin Huffman, vice president of public affairs at Teach For America, as his education commissioner.

HEALTH CARE

Judge: States Must Continue With Health Overhaul

PENSACOLA, Fla. (AP) – A federal judge who declared President Barack Obama's healthcare overhaul unconstitutional ruled Thursday that states must continue implementing it while the case makes its way through the courts.

CDC: A Third of Americans Don't Sleep 7 Hours

ATLANTA (AP) – More than a third of U.S. adults sleep less than seven hours a night, and many of them report troubles concentrating, remembering and even driving.

NATIONAL BUSINESS

Walgreen's Key February Revenue Metric Rises

DEERFIELD, Ill. (AP) – Drugstore operator Walgreen Co. said Thursday a key measure of revenue rose in February, but the growth was slightly below Wall Street expectations.

Target February Revenue Figure Up 1.8 Percent

MINNEAPOLIS (AP) – Target said Thursday that a key revenue figure rose 1.8 percent for February, helped by sales of fresh food and by shoppers with its branded cards taking advantage of a 5 percent discount, but the results missed analyst expectations.

Service Sector Grows at Fastest Pace in 5 Years

WASHINGTON (AP) – The U.S. service sector expanded in February at the fastest pace in more than five years and firms hired at the quickest rate since before the recession.

Productivity Up in 4th Quarter as Labor Costs Drop

WASHINGTON (AP) – Productivity grew in the final quarter of 2010 at the fastest pace in nine months but economists expect a significant slowdown in the growth rate in 2011.

Retailers Report Solid Gains in February

NEW YORK (AP) – Shoppers braved February's chill to hand retailers surprisingly strong sales gains, extending the momentum from a strong holiday season and providing evidence of a strengthening economic recovery.

NATIONAL POLITICS

Unemployment Aid Requests Fall to Near 3-Year Low

WASHINGTON (AP) – The number of people requesting unemployment benefits last week plunged to a nearly three-year low, bolstering the likelihood that companies will increase the pace of hiring this year.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 11 93 3,391
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 76 352 12,695
BUSINESS LICENSES 21 108 4,597
UTILITY CONNECTIONS 77 564 19,457
MARRIAGE LICENSES 29 151 4,060

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