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VOL. 127 | NO. 84 | Monday, April 30, 2012

International Paper Q1 Profits Drop 47 Pct.

Memphis-based International Paper Co. saw its first-quarter profits drop 47 percent from the first quarter of 2011.

SPECIAL EMPHASIS: Logistics

Seeking Friendlier Skies

Businesses hopeful Southwest can improve flight options, pricing

Local business travelers are looking everywhere for relief from sky-high airfares.

Local Gastropub Picks Overton Square for 2nd Locale

After having a popular Downtown presence for more than two years, Local Gastropub has inked its second location in Overton Square.

Aerotropolis Brand Slow To Catch On

The president of the company that helped give Alliance, Texas, the country’s first 100 percent cargo airport said he and others in the project had the advantage of working with a relatively blank slate.

Local Weather
Today
Memphis, TN
80°F
Partly Cloudy
Wind: 0 mph
Humidity: 71%

EVENTS

U.S. Rep. Steve Cohen will host the Federal Procurement Fair Monday, April 30, from 9 a.m. to 12:30 p.m. at the University of Memphis FedEx Institute of Technology, 365 Innovation Drive. The fair will cover how businesses can participate in the federal government contracting process. R.S.V.P. at cohen.procurement@mail.house.gov. For details, call Michael Fulton at 202-225-3265.

more events »

Experience Helps Harckum Lead Versant, CSCMP

When supply chain executives from different businesses in Memphis get together, they talk about each other, said Glen Harckum, chairman of the local Council of Supply Chain Management Professionals.

Municipal Schools Referendum Bill Clears House

The Tennessee State Senate will vote Monday, April 30, on the bill that would permit suburban towns and cities in Shelby County to hold referendums this year on forming their own municipal school districts.

Marohn: Cultivate, Don’t Hunt Growth

It clearly wasn’t something done professionally. Chuck Marohn called the pavement markings in the Broad Avenue Arts District “guerilla art.”

Analyst: First Horizon Prime Buying Target

In one analyst’s opinion, the parent company of First Tennessee Bank is one of the most attractive buying targets for large banks in the U.S. at the moment.

MBBA Panel Puts Focus on Sustainability

Members of the region’s corporate, academic, government and nonprofit sectors seeking more knowledge about best practices in sustainability packed the ballroom of The University Club, 1346 Central Ave., on Thursday, April 26, for a luncheon panel discussion hosted by Memphis Bioworks Business Association.

EdR Doubles Q1 Net Income

EdR more than doubled its first-quarter net income year over year, results the Memphis-based collegiate housing REIT attributes to strong 2012 pre-leasing to date.

SMALL BUSINESS SPOTLIGHT

TransOne Expands Just One Year After Opening

New opportunities are arising for intermodal companies as America’s post-recession rail industry gets back on track.

LOCAL COLUMNISTS

Going From Preaching To Prospecting?

Two of the most successful sales professionals I have encountered had one thing in common – they were both ordained ministers before they pursued careers in professional sales.

THE MEMPHIS NEWS

Gather at the River

Beale Street Landing and the American Queen set up shop on the Mississippi

About a year ago Memphians were drawn to one spot in particular on the city’s riverfront.

Our River Reflects City’s Past, Future

For decades, redevelopment of the city’s riverfront has been an elusive goal. Look at it over the years and you can see moves toward a goal of a riverfront that is once again busy – but busy for reasons different than those when the cobblestones represented the gateway to a 19th century logistics hub.

Plantation Setting for Fundraiser

The glory of the past and the art of the present collide along the Mississippi River as West Memphis-based DeltaARTS unveils a first-time event.

STATE GOVERNMENT

Tenn. House Passes 'Gateway Sexual Activity' Ban

NASHVILLE (AP) – The House has passed a bill to allow parents to sue teachers or outside groups for promoting or condoning "gateway sexual activity" by students.

Senate Votes 32-1 to Pass $31B Spending Plan

NASHVILLE (AP) — The Tennessee Senate has passed its version of Gov. Bill Haslam’s more than $31 billion spending plan, making nearly $60 million in cuts to a number of programs.

Disclosure Requirement Headed for Governor's Desk

NASHVILLE (AP) – The House has given final approval to a bill requiring local and regional planning commissioners to file interest disclosures with the Tennessee Ethics Commission.

Haslam Cash Grants Plan Passes Senate 29-1

NASHVILLE (AP) – Gov. Bill Haslam's plan to increase the amount of cash grants available to companies looking to invest in Tennessee has passed the Senate.

REGIONAL

Miss. House OKs Redistricting Plan Favoring GOP

JACKSON, Miss. (AP) – Mississippi House Republicans pushed through a redistricting plan Thursday that critics say would cut the number of white Democrats in the 122-member body.

NATIONAL BUSINESS

A Weaker First Quarter Doesn't Mean a Weak Year

WASHINGTON (AP) – The U.S. economy grew more slowly in the first three months of this year. Governments spent less, and businesses cut back on investment. But consumers spent at the fastest pace in more than a year.

NATIONAL GOVERNMENT

Obama Targets Diploma Mills That Market to Vets

FORT STEWART, Ga. (AP) – The Obama administration wants to trademark the term "GI Bill" in an effort to shield veterans and military families from being swindled or misled by schools that target their federal education benefits.

White House Threatens to Veto Student Loan Bill

WASHINGTON (AP) – The White House threatened a veto Friday of a Republican bill keeping the interest rates on federal student loans from doubling this summer, objecting that the measure would finance its $5.9 billion cost by abolishing a health care program.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 76 166 10,044
MORTGAGES 105 195 13,070
FORECLOSURE NOTICES 5 40 2,578
BUILDING PERMITS 216 370 23,894
BANKRUPTCIES 82 152 9,685
BUSINESS LICENSES 42 51 3,654
UTILITY CONNECTIONS 103 264 14,227
MARRIAGE LICENSES 29 53 3,116

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