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VOL. 127 | NO. 80 | Tuesday, April 24, 2012

Craft Brewery on Tap for Edge District

A new microbrewery has its sights set on Memphis’ Edge District for a September opening.

Uplifting Spaces

Two local churches designed by Hord Architects now under way

Two Memphis-area churches are under way, both designed by Hord Architects, a local firm that specializes exclusively in maximizing the budgets of nonprofit clients.

450 Pinnacle Pilots Could Be Furloughed

Memphis-based Pinnacle Airlines Corp. could put up to 450 pilots on unpaid furlough leave in the next year and a half.

Biz Licenses Drop 2 Pct. in Q1

The number of business licenses filed with the Shelby County Clerk’s office decreased by about 1.8 percent to 1,528 in the first quarter compared with 1,556 in first quarter of 2011, according to The Daily News Online, www.memphisdailynews.com.

Homes Part of North Memphis Revitalization

Usually Self + Tucker Architects do the design work and planning for someone else who is the developer.

Local Weather
Today
Memphis, TN
81°F
Partly Cloudy
Wind: 10 mph
Humidity: 41%

EVENTS

The National Black MBA Association of Memphis will hold its Visionaries Breakfast Symposium Tuesday, April 24, from 7 a.m. to 8:45 a.m. at the Tower Room, 5100 Poplar Ave. The topic is “Great Minds Don’t Think Alike.” Cost is $10 for association members, Leadership Academy members and MBA students, and $15 for nonmembers. Register at nbmaavbs.eventbrite.com.

more events »

U of M Adds Iconic Symbols to Campus

As workers began adding the platforms to the Beale Street Landing project on the city’s riverfront over the weekend, on the other end of the riverfront, workers prepared to move the Ramesses statue from the front of The Pyramid.

Seed Hatchery Participants Prep for Investor Day

For months, the entrepreneurs behind six new startups have refined their concepts, listened to mentors, learned from each other – and counted down the days.

REAL ESTATE RECAP

Former Mall Acreage to be Industrial Development

Acreage on Former, Mall of Memphis Site -
Johnson Development Associates Inc. has closed on its acquisition of more than 100 acres on the former Mall of Memphis site that the company plans to develop into an industrial park. South Carolina-based Johnson, working under the name Memphis Industrial Properties LLC, bought the property from Memphis Mall Holdings LLC for $2.7 million.

LOCAL COLUMNISTS

Feeding the Mid-South Need

Last week we discussed the Jubilee Schools, which are educating children in urban areas of Memphis, affording opportunities for them to learn, grow and succeed in a faith-based environment regardless of their socioeconomic status. This week, let us spotlight an organization that is fighting hunger through the efficient collection and distribution of wholesome food, and through education and advocacy: Mid-South Food Bank.

Avoid Too Many Apples in Your Portfolio Diet

Apples to Oranges Investors and media have run out of superlatives to describe Apple Inc. Not only has Apple become the biggest investment story, it has also become the world’s most highly valued company. Today Apple represents 4.4 percent of the S&P 500 and 16 percent of the Nasdaq composite index.

Appraisal Institute Shares Tips on Appeals

With the June 30 deadline for Shelby County 2012 tax appeals quickly approaching, here are some suggestions for homeowners considering an appeal.

STATE GOVERNMENT

Tradition of Secret Budget Meetings Alive in Tenn.

NASHVILLE (AP) – Tennessee lawmakers' long tradition of meeting secretly to hash out budget plans is alive and well.

Bill Allows Tenn. to Join Health Care Compact

NASHVILLE (AP) – A proposal that would allow Tennessee to join an interstate compact challenging the federal health care law is advancing in the House.

NATIONAL BUSINESS

American Makes its Case Against Union Contracts

NEW YORK (AP) – American Airlines argued before a federal bankruptcy judge Monday that its union contracts need to be changed to make the company financially stable.

MetLife, States Reach Settlement Near $500M

LOS ANGELES (AP)MetLife Inc. has agreed to pay nearly $500 million in a multi-state settlement over allegations it didn't pay life insurance benefits to some of policyholders.

1 in 2 New Graduates are Jobless or Underemployed

WASHINGTON (AP) – The college class of 2012 is in for a rude welcome to the world of work.

NATIONAL GOVERNMENT

Poor Economy Worsens Social Security's Finances

WASHINGTON (AP) – High energy prices and an economy that has been slow to rebound are worsening Social Security's finances, shortening the life of the trust funds that support program by three years, the government said Monday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 146 10,368
MORTGAGES 95 202 13,529
FORECLOSURE NOTICES 19 43 2,687
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 62 122 10,014
BUSINESS LICENSES 21 37 3,773
UTILITY CONNECTIONS 99 248 14,805
MARRIAGE LICENSES 27 58 3,225

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