VOL. 126 | NO. 208 | Tuesday, October 25, 2011
Regions Financial Corp. still doesn’t have a deal to announce for Morgan Keegan & Co. Inc., its Memphis-based investment banking unit the company put up for sale this summer.
Company works to rid homes of dangerous allergen
With fall in full swing, homeowners and property owners alike should be aware of the consequences of mold, which plays a significant role in seasonal allergies.
Memphis-based Mueller Industries Inc. reported a drop in net income for a third quarter that included a drop in copper prices and a fire at the company’s Wynne, Ark., manufacturing plant that forced it to shift operations to other plants.
Delta Air Lines Inc. reported a $549 million profit for the third quarter of 2011 on net income of $765 million excluding $216 million in special items, amounting to earnings of 91 cents per share.
Memphis-based Pinnacle Airlines Corp. took another step in a plan to consolidate its three distinct regional air carriers into two brand names this week with word that Mesaba Aviation Inc. will close its headquarters in Eagan, Minn.
Many details about Steve Jobs’ brief time in Memphis in 2009 are still not known. That’s partly because of the late Apple Inc. CEO’s penchant for secrecy and the sensitive nature of his trip to the city, which came about because of his need for a critical liver transplant at Methodist University Hospital.
To some, the easy measurement between the past and the future of Memphis International Airport is the 168-foot difference between the circa-1977 control tower and the new control tower dedicated last week at the airport.
7991 Capilano Drive, Memphis, TN 38125, Sale Amount: $22.2 million -
The Preserve at Southwind apartment complex has sold for $22.2 million. G&I VII Preserve at Southwind LLC, an affiliate of New York-based DRA Advisors LLC, bought the 306-unit complex from 7991 Capilano Drive Holdings LLC. The purchase was financed with a $15.4 million loan through CW Capital LLC.
The Tennessee Judicial Nominating Commission has sent a list of three finalists to Gov. Bill Haslam for appointment to the West Tennessee vacancy on the state Court of Criminal Appeals.
LOCAL COLUMNISTS
Previously, I wrote about the fact that nature tends to get things right, and if you replicate patterns found in nature, you will likely be successful at whatever you desire to accomplish at work. Now let’s take things a step further and consider a situation where humans and nature must totally cooperate to accomplish a desired result: Let’s talk about farming.
Ray’s Take: Philanthropy and volunteering are critical to building a better society. What better place for kids to learn important lessons about sharing and helping others than right at home?
MEMPHIS AREA
NEW YORK (AP) — FedEx expects to handle 9 percent more packages on its busiest day of the year – now projected for Dec. 12.
STATEWIDE
NASHVILLE, Tenn. (AP) — Gov. Bill Haslam wants a study on state workers' salaries with the intent of keeping state salaries competitive with private industry.
NASHVILLE, Tenn. (AP) — The Tennessee Arts Commission is recognizing the state's professional artists.
NASHVILLE, Tenn. (AP) — The 104th annual meeting of the National Association of State Boards of Accountancy began Monday in Nashville.
REGIONAL
JACKSON, Miss. (AP) — The state Department of Finance and Administration has asked legislative budget writers for $250,000 in the next fiscal year to maintain two jets used by state officials.
CHARLOTTESVILLE, Va. (AP) — A lawyer who represented one of the "West Memphis Three" defendants plans to teach a two-week course on the case at the University of Virginia School of Law.
LITTLE ROCK, Ark. (AP) — Arkansas House leaders said they want next year's abbreviated legislative session to focus only on passing a budget and that they plan to discourage fellow lawmakers from introducing other measures, including new tax cuts.
NATIONAL BUSINESS
NEW YORK (AP) — Wal-Mart announced a new strategy that it hopes will pull in procrastinators early by giving them a big incentive: a guarantee that they’ll get the lowest price no matter when they buy during the holiday season.
NEW YORK (AP) — Stocks gained steadily Monday on a round of corporate takeovers and reports that Europe's bailout fund will be larger than anticipated. The Dow Jones industrial average was up nearly 130 points in the late afternoon. The Nasdaq composite index turned positive for the year.
NEW YORK (AP) — Two companies with quirky names, Ubiquiti Networks and Zeltiq Aesthetics, made their public debuts earlier this month with listings on the Nasdaq Stock Market. Each company's stock went up modestly on the first day of trading.
REAL ESTATE
LAS VEGAS (AP) — The Obama administration offered mortgage relief on Monday to hundreds of thousands of Americans in the latest attempt to ease the economic and political fallout of a housing crisis that has bedeviled President Barack Obama as he seeks a second term.