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VOL. 127 | NO. 157 | Monday, August 13, 2012

FedEx to Begin Voluntary Buyouts

Memphis-based FedEx Corp. is preparing for a voluntary employee buyout that will likely target workers in the company’s Express and Service units.

SPECIAL EMPHASIS: Small Business

Business Focus

Expansions, startups, tax holiday and more sparking local small businesses

Memphis’ small-business community got a shot in the arm earlier this month.

Biz Owners Weighing Health Care Law Impact

So far, it’s not easy to get a clear picture of how President Barack Obama’s health care law will affect Memphis-area small businesses.

Still a ‘Tireless Advocate’ for Local Small Businesses

Lee Still is passionate about the health and success of small business in Memphis.

Local Weather
Today
Memphis, TN
91°F
Partly Cloudy
Wind: 7 mph
Humidity: 48%

EVENTS

Shelby County Trustee David Lenoir will address the Collierville board of aldermen Monday, Aug. 13, at 6 p.m. at Collierville Town Hall, 500 Poplar View Parkway. The open forum will include an update on property tax revenue and future economic trends affecting the community. Visit shelbycountytrustee.com.

more events »

Ritz Seeks Countywide Sales Tax Hike

Incoming Shelby County Commission chairman Mike Ritz wants to add a countywide sales tax hike for education to the Nov. 6 ballot.

Planners Already Looking to Next School Year

The school year just began in the county’s two public school system, but planning for the 2013-2014 school year is already under way on numerous fronts.

Chandler Seminar Pinpoints Real Estate Positives

Shelby County Trustee David Lenoir went out on a limb Thursday, Aug. 9, at real estate information company Chandler Reports’ “Master Your Market: Second Quarter Update,” claiming that the housing market had bottomed out.

Accounting Firm Supports Women Initiative

Accounting and consulting firm CBIZ MHM Thompson Dunavant has launched a professional development and networking program for women executives in the firm’s Memphis office.

Literacy Mid-South Seeks New Volunteers

Literacy Mid-South is in dire need of volunteers to accommodate the influx of adult students who’ve responded to the organization’s outreach efforts.

GOVERNMENT AGENDA

Shelby County Commission Agenda

The Shelby County Commission will meet Monday, Aug. 13, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for a full agenda.

SMALL BUSINESS SPOTLIGHT

Breakaway Finds Success Going the Extra Mile

Breakaway Running is a small business with the steady, even stride it takes to endure for more than three decades.

LOCAL COLUMNISTS

Be Careful What You Ask For

The other day I saw an advertisement for a major company recruiting highly aggressive employees. I feel certain they didn’t really mean that. The choice of words in the ad brings up an important issue regarding the distinction between being assertive and being aggressive. Unfortunately, many people do not seem to understand the distinction. It’s probably not a good idea to hire a group of highly aggressive people. This is one of those cases where you need to be careful what you ask for, because you might just get it.

THE MEMPHIS NEWS

Fit for a King

Elvis Week 2012 promises to be bigger and better than ever

Each August, thousands of Elvis Presley fans make their annual pilgrimage to Graceland to pay homage to the King of Rock ‘n’ Roll.

Embrace Spectacle of Our Most Famous Star

This may be the best place to talk about something rarely written about at this time of the year – the barrier between those who live in the city of Elvis and those who come to the city of Elvis every August.

Transcript: Luttrell Discusses Schools, Other Issues Facing County

Shelby County Mayor Mark Luttrell talked several weeks ago with The Memphis News editorial board about the coming merger of schools and the creation of municipal school districts.

STATE GOVERNMENT

Court: Party Names to Appear on November Ballot

Tennessee voters will be able to see the party affiliations of candidates listed on the November general election ballot after a federal appeals on Friday cleared the way for the change.

NATIONAL BUSINESS

USDA Cuts Corn Outlook as Drought Takes Toll

ST. LOUIS (AP) – The government slashed its expectations for U.S. corn and soybean production for the second consecutive month Friday, predicting what could be the lowest average corn yield in more than 15 years as the worst drought in decades scorches major farm states.

NATIONAL GOVERNMENT

US Budget Deficit Totals $974B Through July

WASHINGTON (AP) – The U.S. federal budget deficit increased $70 billion in July and is on track to top $1 trillion for the fourth straight year.

Ag Dept Unveils New Steps to Stop Food Stamp Fraud

WASHINGTON (AP) – The Agriculture Department says it is going to impose tougher penalties on stores that violate food stamp rules and give states new tools to root out applicants who are ineligible for the benefit program that now covers about 1 out of every 7 Americans.

REAL ESTATE

Consumer Finance Agency Sets Mortgage Protections

WASHINGTON (AP) – The government's consumer lending watchdog proposed new rules Friday aimed at protecting homeowners from unexpected costs and shoddy service by companies that collect their monthly mortgage payments.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 54 266 12,031
MORTGAGES 111 406 15,756
FORECLOSURE NOTICES 0 80 3,103
BUILDING PERMITS 0 606 28,832
BANKRUPTCIES 73 364 11,671
BUSINESS LICENSES 17 119 4,274
UTILITY CONNECTIONS 121 549 17,732
MARRIAGE LICENSES 23 104 3,668

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