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VOL. 126 | NO. 230 | Thursday, November 24, 2011

Medtronic’s Spine Revenue Falls 3 Pct.

Medtronic Inc., the world’s largest medical device maker, Tuesday, Nov. 22, reported higher-than-expected earnings in the second quarter, driven by sales of newer devices that compensated for sluggish sales of the company’s heart and spine implants.

Gaining Traction

Del-Nat bolsters co-op model with new line of tires

It’s not uncommon for cooperatives of independent booksellers and music stores to launch campaigns in hopes of attracting consumers.

Willow Lake Apartments Fetch $7.8M

A North Hickory Hill apartment complex has traded hands for the second time in 18 months.

National Speakers on Tap for MBA Seminar

Some prominent national speakers are on tap to make presentations at next week’s Memphis Bar Association labor and employment law section annual seminar.

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.

Local Weather
Today
Memphis, TN
80°F
Partly Cloudy
Wind: 6 mph
Humidity: 76%

EVENTS

The Peabody hotel will host a Thanksgiving Day brunch Thursday, Nov. 24, from 10:30 a.m. to 3:30 p.m. on the mezzanine at the hotel, 149 Union Ave. Cost is $55 for adults and $20 for children. For reservations, call 529-3668. Thanksgiving Day dinner at the Capriccio Grill is from 11 a.m. to 10 p.m. Cost is $40 for adults and $15 for children. For reservations, call 529-4199. Thanksgiving Day dinner at Chez Philippe is $70 per person and includes a four-course menu. For reservations, call 529-4188. A Christmas tree-lighting ceremony will be held Friday, Nov. 25, from 11 a.m. to 7 p.m. at the hotel. The ceremony is free and open to the public.

more events »

Weirich Files Petition to Run for DA

Shelby County District Attorney General Amy Weirich filed her qualifying petition Tuesday, Nov. 22, to run in the March 6 Republican primary for the post she has held since January.

SPORTS

Tigers’ Dreadful Season Finally Coming to End

The Memphis fan walked up the tunnel and into Liberty Bowl Memorial Stadium, looked at the scoreboard, saw 13:43 remaining in the first quarter and a “7” under “Herd,” and he cussed.

Lockout Denies City Chance to ‘Believe’

What’s the cost of anticipation abandoned on the altar of BRI – Basketball-Related Income – and “systems issues” during the NBA lockout?

MEMPHIS LAW TALK

Glankler’s Hutton Adds Coat of Arms to Resume

Robert Hutton has argued some remarkable cases as an attorney at Glankler Brown PLLC, including one before the U.S. Supreme Court.

MEMPHIS STANDOUT

Baltier Finds Pinnacle Doing Right for All Clients

Edward Jones & Co. LP was an attractive career opportunity to Kevin Baltier when he made the move 11 years ago to become a financial adviser.

LOCAL COLUMNISTS

Cause Marketing Fulfills Circle of Giving

How do you say thank you? The Women’s Foundation for a Greater Memphis says it with a Kroger gift card, preloaded with five dollars.

You’re Idiots – But Thanks, Guys

SHARED IDIOCY. SHARED LIVES. I look around the table, many tables over many years, and I’m thankful for those I still see.

Peden Case Instructive, Frustrating

Peden v. U.S., 512 F.2d 1099 (1975) was a Court of Claims suit to review the Board of Appeals and Review’s (BAR) affirmance of the Civil Service Commission’s (CSC) upholding of the IRS’s discharge of Gerald Peden. For a three-judge panel, Judge Philip Nichols Jr. wrote a classic paragraph:

STATEWIDE

TVA Tax Equivalents in 2011 Total $530 Million

KNOXVILLE (AP) – The Tennessee Valley Authority has paid $530 million in tax equivalent payments in fiscal year 2011 to states and local governments where it sells electricity or has power properties.

NATIONAL BUSINESS

Occupy Protests: Shop Mom-and-Pop on Black Friday

PORTLAND, Ore. (AP) – Occupy protesters want shoppers to occupy something besides door-buster sales and crowded mall parking lots on Black Friday.

Costlier Holiday Travel Off and Running Across US

CHICAGO (AP) – Holiday travel got off to a soggy start in parts of the country Wednesday as millions of Americans undeterred by costlier gas and airfare set out for Thanksgiving celebrations, but few major problems were reported.

Jack Daniel's Funds Travel Expenses for Soldiers

NASHVILLE (AP) – Tennessee whiskey maker Jack Daniel's is donating more than $100,000 to pay for plane tickets and travel funds for soldiers at Fort Campbell, Ky., to spend the December holiday season with their families all over the country.

Slightly More People Seek Unemployment Benefits

WASHINGTON (AP) – The number of people seeking unemployment benefits ticked up slightly last week after two months of steady declines.

Consumer Spending Up Slight 0.1 Percent in October

WASHINGTON (AP) – Consumers barely increased their spending in October but their incomes rose by the most in seven months. The rise in take-home pay could boost spending during the upcoming holiday shopping season.

US October Durable Goods Orders Fell 0.7 Percent

WASHINGTON (AP) – U.S. business orders for long-lasting manufactured goods fell for a second straight month in October. While much of the weakness came from a big drop in demand for commercial aircraft, a key category that tracks business investment spending fell by the largest amount since January.

NATIONAL POLITICS

Fed Announces Third Round of Bank Stress Tests

WASHINGTON (AP) – The Federal Reserve announced on Tuesday that it will conduct a third round of stress tests to determine if major U.S. banks can withstand a downturn in the economy.

Occupy Protests Cost Nation's Cities at Least $13M

NEW YORK (AP) – During the first two months of the nationwide Occupy protests, the movement that is demanding more out of the wealthiest Americans cost local taxpayers at least $13 million in police overtime and other municipal services, according to a survey by The Associated Press.

FCC Chairman Opposes AT&T Takeover of T-Mobile

LOS ANGELES (AP) – The chairman of the Federal Communications Commission has come out against the merger of cellphone giant AT&T and T-Mobile USA.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 75 255 11,693
MORTGAGES 72 295 15,274
FORECLOSURE NOTICES 3 71 2,982
BUILDING PERMITS 198 590 27,844
BANKRUPTCIES 62 280 11,242
BUSINESS LICENSES 35 98 4,136
UTILITY CONNECTIONS 94 516 17,000
MARRIAGE LICENSES 18 80 3,544

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