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VOL. 127 | NO. 77 | Thursday, April 19, 2012

Menke Resigns as Pinnacle CEO

Sean Menke conceded earlier this year that the job of turning around Memphis-based Pinnacle Airlines Corp. would be more difficult than he thought when he became chief executive officer of the regional air carrier in July.

Low-Impact Landscaping

Companies fill latest green niche as homeowners turn to organic yards

For most people these days, the descriptive word “green” evokes thoughts on diminishing consumption and environmental chivalry, and not necessarily the lush colors of an early spring such as Memphis has seen this year.

Foreclosures Up 30 Pct. in Q1

The timing and backdrop seem fitting. During the first quarter of 2012, the same three-month period in which the state of Tennessee announced its participation in a $25 billion settlement with some of the biggest lenders over foreclosure abuses, the number of foreclosures in Shelby County swelled by almost 30 percent.

First Horizon Posts Profit, Increases Share Buyback to $200M

The Memphis-based parent company of First Tennessee Bank reported a 12-cent per share profit for the first quarter before the stock market's opening bell Thursday.

IDI to Begin Construction on 1.75M Square Feet in Olive Branch

Industrial Developments International Inc. will soon begin construction on three buildings in Crossroads Distribution Center in Olive Branch, marking the first substantial Memphis-area speculative development since 2008.

Local Weather
Today
Memphis, TN
76°F
Fair
Wind: 9 mph
Humidity: 33%

EVENTS

On Location: Memphis International Film & Music Fest will be held Thursday, April 19, through Sunday, April 22. Visit onlocationmemphis.org for locations, show times and ticket prices.

more events »

Tax Hike At Center Of Budget Debate

Even as he made his case for a 47-cent property tax hike Tuesday, April 17, Memphis Mayor A C Wharton Jr. outlined alternatives to the full tax hike.

Cox Calls Southwest Arrival ‘Game-Changer’

Larry Cox did his best in the fight to keep Pinnacle Airlines Corp.’s headquarters near Memphis International Airport and avoid it moving to Downtown’s One Commerce Square.

Boling Center Focuses On Autism Awareness, Help

Since April was first designated Autism Awareness Month back in the 1970s to educate the public about autism, the numbers of children diagnosed with autism spectrum disorders has continued to grow.

MEMPHIS LAW TALK

Wade Brings No-Nonsense Attitude to Council Work

During the trial in 2009 between the city of Memphis and the Memphis City Schools district over a complicated funding dispute that has left ramifications even to this day, Allan Wade argued on behalf of the city.

LOCAL COLUMNISTS

Don’t Be Your Kids’ Piggy Bank

Ray’s Take Whether 5 or 55, kids tend to turn to their parents first when they encounter financial difficulties. There’s nothing inherently wrong with that, but there can be a lot wrong with bailing them out with no consequences or questions asked.

Gripping Tales Of True Crime

During the past 16 months, NPR has featured a couple of creative police-blotter writers in stories filed by Don Gorenstein and Alexandria Gutierrez.

STATE GOVERNMENT

Lobbyist Email Sent From Committee Chair's Account

NASHVILLE (AP) – A lobbyist has used a House chairman's email to urge lawmakers to vote against a bill to tax roll-your-own cigarettes.

Bill to Crack Down on Domestic Abuse Passes House

NASHVILLE (AP) – The House has passed Gov. Bill Haslam's bill to require mandatory jail time for people with repeat domestic violence convictions.

REGIONAL

Site Announced for New Oxford Hospital

OXFORD, Miss. (AP) Baptist Memorial Health Care Corporation will build its new $250 million Oxford hospital on a 160-acre tract just west of the existing hospital.

NATIONAL BUSINESS

Recruitment Ads by For-Profit Colleges Targeted

WASHINGTON (AP) – Where do for-profit colleges get the money they spend on all those highway billboards and television and radio ads?

Cuts in European Bank Lending to Drag Growth

WASHINGTON (AP) — The International Monetary Fund warned Wednesday that European banks are under pressure to preserve capital and could cut back sharply on lending over the next two years, slowing the region’s growth.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 153 14,870
MORTGAGES 64 144 19,474
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 217 359 35,689
BANKRUPTCIES 59 121 14,155
BUSINESS LICENSES 24 86 5,077
UTILITY CONNECTIONS 71 170 21,603
MARRIAGE LICENSES 22 59 4,616

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