VOL. 126 | NO. 203 | Tuesday, October 18, 2011
Between July and September, the Memphis-based parent company of First Tennessee Bank, the largest bank based in Tennessee, more than doubled its quarterly profit compared with the same period in 2010, the company announced Monday, Oct. 17.
‘Memphis’ kicks off 80-week tour in namesake home
“Memphis,” the Tony Award-winning Broadway musical, took New York by storm where it started a successful run two years ago.
Officials with Davidson Hotels & Resorts, one of the nation’s largest independent hotel management companies, announced Monday, Oct. 17, the company will relocate its headquarters from Memphis to Atlanta.
Memphis City Council member Janis Fullilove wants to talk more about dedicated bicycle lanes on Madison Avenue at the council’s Tuesday, Oct. 18, afternoon session.
The private group seeking to establish an Overton Park conservancy similar to the organizations that oversee Shelby Farms Park and the Memphis Zoo has sent a tentative management agreement to Memphis Mayor A C Wharton Jr.
The number of businesses licenses filed with the Shelby County Clerk’s office increased by more than 14 percent to 1,592 in the third quarter compared with 1,391 in third quarter 2010, according to The Daily News Online, www.memphisdailynews.com.
At their first set of meetings since the Oct. 6 city elections, Memphis City Council members take up some of the issues that surfaced in the campaigns while others have been delayed.
Former Memphis City Council member Brent Taylor is the newest Shelby County Commissioner.
Commercial real estate brokers and their clients are warming up to the trend of using the iPad as an everyday tool for conducting business.
750 N. Germantown Parkway, Cordova, TN 38018, Loan Amount: $2.6 million -
Cordova-based Gill Enterprises has filed a $2.6 million construction loan for Germantown Station retail center, slated to be built on 1.8 acres at 750 N. Germantown Parkway on the site of the former Memphis Area Home Builders Association headquarters.
GOVERNMENT AGENDA
The Memphis City Council will meet Tuesday, Oct. 18, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.
LOCAL COLUMNISTS
In last week’s article, I discussed a few examples of the ongoing patterns in nature and how observing these patterns can teach you important lessons about management. Not only is it not nice to try to fool Mother Nature, it is very difficult to do so.
Something for Everybody Last week extended the market’s winning streak following “turnaround Tuesday.”
MEMPHIS AREA
GREENVILLE, Miss. (AP) – SentryNet Inc., a business founded in Greenville in 1987, will move its operations to Memphis by December 2012.
STATE LEGISLATURE
FRANKLIN, Tenn. (AP) – The state lawmaker who led Tennessee to loosen laws that kept handguns out of bars gave up his chairmanship of an influential state House committee, fallout from his arrest last week on charges of driving and carrying a gun while drunk.
FRANKLIN, Tenn. (AP) – Gov. Bill Haslam said Monday, Oct. 17, that Tenn. Rep. Curry Todd has apologized for a “bad mistake” in being arrested on drunken driving and gun charges last week.
NATIONAL BUSINESS
NEW YORK (AP) – Cellphone companies pledged Monday to warn subscribers before they go over their monthly limits for calling minutes, text messages and data use.
WASHINGTON (AP) – U.S. factories produced more goods in September for a third straight month, the latest signal that the economy is rebounding from its summer slump.
NEW YORK (AP) – Citigroup's strategy of slimming down and focusing on a few core businesses is paying off.
NEW YORK (AP) – Capital One Financial Corp. credit card customers continued to struggle in September, as the rates for late payments rose for the fourth straight month.
NATIONAL POLITICS
FLETCHER, N.C. (AP) – Railing against Republicans, President Barack Obama on Monday pushed for a jobs package that Congress is splintering into pieces, with Senate Democrats planning to start with a plan to help states hire teachers, police and firefighters. In campaign mode on the road, Obama accused Republicans senators of saying no to helping Americans.
HEALTH CARE
WASHINGTON (AP) – The White House appeared to waffle Monday on the fate of a financially troubled long-term care program in President Barack Obama's health overhaul law, as supporters and foes heaped criticism on the administration.
NEW YORK (AP) – Walgreen Co. said Monday it is offering to continue filling prescriptions for military members, retirees, and their families under a new deal with Express Scripts Inc., but the pharmacy benefits manager said the offer was not good enough.
TECHNOLOGY
TORONTO (AP) – The Blackberry has left a bitter taste in the mouths of its users.
NEW YORK (AP) – Apple Inc. on Monday said it sold more than 4 million units of the new iPhone model in three days – meaning it's selling more than twice as fast as the previous model did when it launched last year.