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VOL. 126 | NO. 46 | Tuesday, March 8, 2011

Schools Election Day Arrives as Questions Remain

An election on Fat Tuesday wasn’t planned in the regular election cycles of Memphis politics.

Bearing Joy

St. Jude partners with Build-A-Bear

With the help of technology, patients and their families at St. Jude Children’s Research Hospital in Memphis were able to celebrate along with Marlo Thomas and friends in New York, as the hospital announced Monday its new partnership with Build-A-Bear Workshop.

Most Memphis Banks Report Profitable Year

The Memphis banking market had a strong 2010, with 75 percent of the roughly two dozen banks headquartered here showing a profit for the year, according to data from the Federal Reserve Bank of St. Louis.

Home Sales Stumble in Fayette, Tipton Counties

February home sales declined in Fayette and Tipton counties – 26.7 and 7.9 percent, respectively, from the same month a year ago – but local agents are hoping an uptick in online shoppers will translate into more activity in the months ahead.

Alliance for Nonprofit Excellence Plans Spring Workshops

As many Mid-South nonprofits continue to struggle with funding, the Alliance for Nonprofit Excellence, which serves nonprofits in more than 30 counties in Eastern Arkansas, Northern Mississippi and Western Tennessee, is working to strengthen them through its 2011 annual conference and a series of spring workshops.

Local Weather
Today
Memphis, TN
92°F
Fair
Wind: 7 mph
Humidity: 54%

EVENTS

The Greater Memphis Chamber will present a lunch and learn meeting Tuesday from 11:30 a.m. to 1 p.m. at First Tennessee, Ron Terry Center, 4385 Poplar Ave. Bridget DiCello will present the topic “High Impact Networking: Growing Your Business by Connecting Strategically.” For reservations, contact Nykesha Cole at 543-3519 or ncole@memphischamber.com.

more events »

Dunavant Buys Sea Lane, Expands Intermodal Service

Memphis-based Dunavant Transportation Group has bought Sea Lane Express, a regional trucking and intermodal company with headquarters in Great Neck, N.Y.

MAAR: Outlook Belies February Numbers

While Memphis-area home sales declined from the same month a year ago, average sales price, existing homes and nonbank sales all showed signs of resurgence in February.

Infinity Real Estate Buys Office Building for $1.2 Million

5100 Sanderlin Ave., Memphis, TN 38117, Sale Amount: $1.2 million -
Memphis-based Infinity Real Estate LLC has bought a nearly 15,000-square-foot, two-story office building at 5100 Sanderlin Ave. from Blanchard E. Tual, successor trustee of the Don Wallace Morgan Family Trust, and Mary Katherine Fouts and Douglas A. Garner, co-trustees of the Fouts Estate Family Trust, for $1.2 million.

Born From Passion

You don’t really start a business, it starts you. A business germinates once something you do becomes a passion. Passion starts you up, which compels you to find an outlet for it, which may become a business. Passion is the power plant.

Oil Spike: Comparing Yesterday to Today

OIL THREATENS - Political strife in the Middle East interrupted our market rally. Increasing oil prices, in anticipation of supply disruptions, have increased corporate input cost assumptions and decreased consumer spending assumptions.

STATE LEGISLATURE

Voters to Decide Black Successor in Tenn. Senate

NASHVILLE (AP) – Voters in Robertson and Sumner counties go to the polls Tuesday to select Republican Diane Black's permanent successor in the state Senate.

Gov. Haslam Says He Will Rise Above 'Name Calling'

NASHVILLE (AP) – Gov. Bill Haslam says he will rise above "name calling" after speakers at a tea party rally over the weekend called him weak on efforts to do away with teachers' collective bargaining rights.

Former Tenn. Speaker Says Unions Bill Won't Pass

NASHVILLE (AP) – Former Tennessee House Speaker Kent Williams has predicted that a bill to end collective bargaining for teachers will die in the state House.

HEALTH CARE

Critics Say TennCare Should Pay for Dietitians

NASHVILLE (AP) — Tennessee is one of the fattest states in the U.S., but TennCare won't pay for counseling by dietitians. However, it will pay for gastric bypass surgery.

NATIONAL BUSINESS

Nucor Breaks Ground on St. James Parish Plant

CONVENT, La. (AP) – The head of Nucor Corp. said Monday that plentiful natural gas supplies made it possible for the steelmaker to set up shop in Louisiana and offer the prospect of creating thousands of jobs by providing a reliable energy source for domestic manufacturing.

Car Buying Fuels Increase in Consumer Borrowing

WASHINGTON (AP) – American consumers borrowed more in January to purchase new cars but were once again frugal with their credit cards, offering a mixed sign of their confidence in the economy.

Airlines Canceled Almost 4 Pct. of Jan. Flights

NEW YORK (AP) – Nearly 4 percent of all U.S. flights were canceled in January as severe winter storms paralyzed most of the East, but just one flight was stuck on the ground for more than three hours, the government said Monday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 327 11,765
MORTGAGES 76 371 15,350
FORECLOSURE NOTICES 41 112 3,023
BUILDING PERMITS 382 972 28,226
BANKRUPTCIES 65 345 11,307
BUSINESS LICENSES 19 117 4,155
UTILITY CONNECTIONS 184 700 17,184
MARRIAGE LICENSES 20 100 3,564

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