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VOL. 126 | NO. 229 | Wednesday, November 23, 2011

Duncan-Williams Extends Forum Lease

Investment banking firm Duncan-Williams Inc. has inked a deal that extends the company’s lease in East Memphis’ Forum office park for 12 years.

Welcome Addition

Finard’s refurbishment of century-old building latest Downtown success

The four-story office building at Court Avenue and Second Street in Downtown Memphis was built in 1903 as the home of The Commercial Appeal and later became the longtime headquarters of the Welcome Wagon Corp.

School Board Claims Financial Hardship In Rejecting Charter Schools

The countywide school board Tuesday, Nov. 22, denied the applications of 17 charter schools for Shelby County’s two public school systems claiming the fiscal impact of the schools would be too much of a financial hardship on each school system – city and county.

Broady Pleads In Petties Drug Case

One of the three remaining defendants in the largest drug case ever brought in Memphis federal court has pleaded guilty to multiple conspiracy charges including racketeering, murder for hire and drug distribution.

Methodist To Invest $1M at North Hospital

As part of a multiyear plan to upgrade its facility, Methodist North Hospital is planning a $1.1 million interior renovation of one of its medical units to improve the care and comfort of its mostly elderly patients.

Local Weather
Today
Memphis, TN
47°F
Cloudy
Wind: 10 mph
Humidity: 86%

EVENTS

Talk Shoppe will present “Open Microphone Discussing Hot Business Topics” Wednesday, Nov. 23, from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

Fred’s Q3 Profit Rises, Beats Expectations

MEMPHIS (AP) – Discount-store operator Fred’s Inc. said Tuesday its third-quarter profit rose 16 percent, boosted by strong customer traffic and cost cutting. The results beat Wall Street expectations.

Local Greenways Efforts Net $2.6M Federal Grant

Shelby County government has been awarded a $2.6 million federal grant to plan a regional network of greenways, bikeways and similar paths.

Problems Follow Memphis Animal Shelter to Cordova

The new Memphis Animal Shelter in Cordova, which will have its formal opening next month, will come with many of the same concerns that plagued the old shelter near Memphis International Airport.

UTHSC Professor Earns Grant for Strep Vaccine

Dr. James Dale of the University of Tennessee Health Science Center has received a grant for $315,000 from the National Institute of Allergy and Infectious Diseases, a subsidiary of the National Institutes of Health, the nation’s medical research agency.

MEMPHIS NEWSMAKERS

Tutor’s Skirkle Connects Consumers, Businesses

Nick Tutor is founder of Skirkle, a membership-card program that offers exclusive discounts and deals at locally owned businesses.

LOCAL COLUMNISTS

Breaking Through The Voice Mail Barrier

Thirty years ago, prior to caller ID and voice mail, we actually answered our phone to find out who was on the other end. Eek. Gasp. The horror.

STATEWIDE

Cracker Barrel Fiscal Q1 Earnings Rise Slightly

LEBANON, Tenn. (AP) – Restaurant operator Cracker Barrel Old Country Store Inc.'s fiscal first-quarter earnings inched up slightly, helped by new store growth that balanced declines in revenue from stores and restaurants open at least a year.

Proposal to Tax Jack Daniel's Whiskey Derailed

NASHVILLE (AP) – A proposal by local officials to tax Jack Daniel's whiskey was derailed before it could reach the Tennessee Legislature.

NATIONAL BUSINESS

Unemployment Drops In Three-Quarters of US States

WASHINGTON (AP) – Unemployment rates fell in three-quarters of U.S. states last month, a sign that many parts of the country are experiencing modest job gains.

Bad Economy Means Another Scaled-Back Thanksgiving

Some are holding potluck dinners instead of springing for the entire feast. Others are staying home rather than flying. And a few are skipping the turkey altogether.

Cash-Strapped Cities, Schools Say: 'Your Ad Here'

CHICAGO (AP) – Seven vinyl banners draped this month along one of Chicago's most iconic bridges, advertisements some have dubbed "a visual crime" and "commercial graffiti," are reviving a debate about how governments raise money in tough economic times.

NATIONAL POLITICS

Fed Considers More Clarity on Interest Rate Policy

WASHINGTON (AP) – Federal Reserve policymakers this month discussed how they could give businesses and investors more information about what might trigger an increase in interest rates, according to minutes of the Nov. 1-2 meeting.

Defense Hawks Insist on Sparing Military From Cuts

WASHINGTON (AP) – Congress' defense hawks insist the military should be spared from automatic spending cuts after a special panel failed to reach a deal on reducing the deficit.

SPORTS

NCAA Looks to Broaden Definition of Sports Agent

Financial advisers and third-party runners may soon face NCAA oversight under a series of planned changes to the rules governing sports agents.

MLB Players, Owners Sign Agreement

NEW YORK (AP) – Baseball players and owners signed an agreement for a new labor contract Tuesday, a deal that makes baseball the first North American professional league to start blood testing on human growth hormone and expands the playoffs to 10 teams by 2013.

Baseball Contract Limits Tobacco Use

WASHINGTON (AP) – Baseball's new labor deal will limit the use of smokeless tobacco by players, but not ban it during games, as some public health groups had sought.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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