VOL. 127 | NO. 149 | Wednesday, August 1, 2012
Wright Medical Group Inc. over the last two years has seen its fair share of restructuring, and some analysts anticipate that realignment, coupled with sales dislocations and customer losses, will likely result in some short-term pain surrounding the company’s Q2 reported earnings.
Trio of notable properties hits real estate market
Three historic properties in the Midtown and Downtown areas are on the market, all listed with major Memphis commercial real estate firms.
Countywide school board members gave themselves a majority of the seats on a 13-member committee to begin the search for a superintendent to lead Shelby County’s two public school systems into an August 2013 merger and beyond.
No matter where they are on the municipal school districts issue, most Shelby County Commissioners were surprised by the subpoena issued last week by attorneys trying to have the municipal school districts legislation declared unconstitutional.
Mignonne Wright is looking forward to this weekend. Friday, Aug. 3, kicks off the state’s yearly three-day sales tax holiday that can fuel a boost in business for retailers that carry certain clothing, school supplies and computers.
Blues City Brewery is now producing two malt beverages for well-known national brand names – Shipyard and Mike’s Hard Lemonade.
MEMPHIS NEWSMAKERS
Dr. Heather Sehnert Baldwin has joined Trumbull Laboratories LLC as a pathologist. In her new role, Baldwin will practice a full range of pathology with a focus in hematopathology.
LOCAL COLUMNISTS
Editor’s Note: This is the second in a two-part series. Prospects speak a language of their own. A seemingly positive, “call me back in a few months” more often than not means “you may try, but you’ll be screened by my gatekeeper relentlessly.”
While consumption expenditures account for 71 percent of our economy, investment activity (essentially delayed consumption) determines the magnitude of future consumption. When the economy generates a high level of investment activity, business productivity grows, innovations flourish and new employers create jobs. For these activities to occur, business owners must be willing to take risks. Within the U.S. economy, 65 percent of net new jobs created between 1992 and 2010 came from companies with fewer than 500 employees. In the U.S., as goes small business, so goes the economy.
REGIONAL
TUPELO, Miss. (AP) – Silver Airways has pushed back the start date of ticket sales for service out of the Tupelo Regional Airport.
NATIONAL BUSINESS
NEW YORK (AP) – Americans breathed a bit easier about the economy in July, as a better outlook on short-term hiring and lower gas prices offset lingering worries about poor income growth.
WASHINGTON (AP) – Americans spent no more in June than they did in May, even though their income grew at the fastest pace in three months.
NATIONAL GOVERNMENT
WASHINGTON (AP) – The top Republican and Democrat on Capitol Hill have announced an agreement to keep the government running on autopilot for six months when the current budget year ends on Sept. 30.
WASHINGTON (AP) – A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama administration.
WASHINGTON (AP) – The Federal Reserve appears to be moving toward announcing some new step to try to energize the troubled U.S. economy. The question is whether it will do so after its policy meeting this week.
REAL ESTATE
WASHINGTON (AP) – Home prices rose in May from April in every city tracked by a leading index, a sign that increasing sales and tight inventories are supporting a modest housing recovery.