VOL. 126 | NO. 46 | Tuesday, March 8, 2011
An election on Fat Tuesday wasn’t planned in the regular election cycles of Memphis politics.
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.
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.
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.
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.
Memphis-based Dunavant Transportation Group has bought Sea Lane Express, a regional trucking and intermodal company with headquarters in Great Neck, N.Y.
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.
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.
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 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
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.
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.
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
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
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.
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.
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.