VOL. 127 | NO. 84 | Monday, April 30, 2012
Memphis-based International Paper Co. saw its first-quarter profits drop 47 percent from the first quarter of 2011.
SPECIAL EMPHASIS: Logistics

Businesses hopeful Southwest can improve flight options, pricing
Local business travelers are looking everywhere for relief from sky-high airfares.
After having a popular Downtown presence for more than two years, Local Gastropub has inked its second location in Overton Square.
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.
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.
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.
It clearly wasn’t something done professionally. Chuck Marohn called the pavement markings in the Broad Avenue Arts District “guerilla art.”
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.
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 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
New opportunities are arising for intermodal companies as America’s post-recession rail industry gets back on track.
LOCAL COLUMNISTS
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

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.
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.
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
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.
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.
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.
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
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
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
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.
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.