VOL. 127 | NO. 78 | Friday, April 20, 2012
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 CEO of the regional air carrier in July.
V&E Greenline Artwalk makes debut in Vollintine-Evergreen neighborhood
University of Memphis art student Alex Smythe, who grew up in the Vollintine-Evergreen neighborhood, is extending an invitation to all Memphians to celebrate the revitalization of one of the city’s most diverse communities with the first annual V&E Greenline Artwalk.
An independent forensic engineering and investigations company has relocated its Mid-South Service Center to a more secure location.
The schools consolidation planning commission considered Thursday, April 19, but voted down a resolution that would have urged the Tennessee legislature not to pass the bill that would allow suburban towns and cities to hold referendums this year on forming municipal school districts.
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, April 19.
Despite the ups and downs of the residential real estate market over the last three decades, one of the constants for the Memphis Area Association of Realtors is the support of the annual Youth Villages Inc. 5K.
The first quarter of 2012 showed a slight increase in bankruptcy filings in West Tennessee, according to The Daily News Online, www.memphisdailynews.com.
Monthly passenger totals for March at Memphis International Airport continued to reflect the approximately 20-percent cut in regional service by Delta Air Lines Inc. that began last summer.
Industrial Developments International Inc. soon will begin construction on three buildings in Crossroads Distribution Center in Olive Branch, marking the first substantial Memphis-area speculative development since 2008.
MEMPHIS STANDOUT
Editor’s note: This is the fifth in a six-part series on entrepreneurs in the current round of Seed Hatchery’s “cohort” boot camp.
SPORTS
If last season culminated with the unanticipated “Believe Memphis” playoff run, then this Grizzlies season has been full of opportunities for concern and panic – your basic building blocks for widespread disbelief.
If new University of Memphis athletic director Tom Bowen were a player, we would be debating his “upside.”
LOCAL COLUMNISTS
LEGISLATURE VOTES TO DEVOLVE. Dateline: Nashville, 2012, 1925 or 1869, your choice.
Here are the ABCs of making a fundraising pitch. Keep it short, clear and simple. Tell people what you are raising money for and how their gift will make an impact.
STATE GOVERNMENT
NASHVILLE (AP) – A bill seeking to require local and regional planning commissioners to file interest disclosures with the Tennessee Ethics Commission was met with last-minute resistance in the House on Thursday.
REGIONAL
JACKSON, Miss. (AP) – The state College Board voted Thursday to accept preliminary tuition increases for the state's eight public universities. The board will take a final vote on the numbers May 7.
NATIONAL BUSINESS
WASHINGTON (AP) — Momentum in U.S. hiring and home sales appears to be slowing, according to fresh data.
DALLAS (AP) – Southwest Airlines Co. earned $98 million in the first quarter, helped by deals designed to blunt the pain of higher jet fuel prices.
FORT WORTH, Texas (AP) – The parent company of American Airlines says it lost $1.66 billion in the first quarter, mostly on costs related to its bankruptcy restructuring.
CHARLOTTE, N.C. (AP) – Nucor Corp. said Thursday that its first-quarter net income fell 9 percent. Shipments of steel declined slightly and prices didn't improve until the last month of the quarter.
REAL ESTATE
WASHINGTON (AP) — The average rate on the 30-year fixed mortgage stayed near its lowest level on record, keeping home-buying and refinancing affordable.