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VOL. 127 | NO. 236 | Tuesday, December 4, 2012

FedEx Unveils Employee Buyout Details

FedEx executives announced terms Tuesday, Dec. 4, of an employee buyout expected to run from June 2013 through May 2014.

Bright Starry Nights

Annual ‘festival of light’ show brings crowds to Shelby Farms

It’s been in the works for an entire year. More than 130,000 visitors are expected to drive through the Starry Nights holiday light show at Shelby Farms Park this year. And when they do, they’ll see the handiwork of volunteers who have been building dozens of set pieces starting as early as February.

Council Ordinance Addresses Blight

Memphis City Council members take a final vote Tuesday, Dec. 4, on an ordinance that requires property owners to keep their names and mailing addresses on record with the city.

Differences Discussed as Schools Move Ahead

Students and public schools in Shelby County’s six suburban towns and cities are almost certainly going to be part of the consolidated Shelby County public school system that debuts in August.

Commission Approves Pidgeon Land Sale, Weighs Schools Moves

Shelby County Commissioners approved Monday, Dec. 3, the purchase of 33.6 acres of land in the Frank C. Pidgeon Industrial Park by Carolyn Hardy for the Hardy Investment Trust.

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

EVENTS

Talk Shoppe will meet Wednesday, Dec. 5, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Ave. Mark Ruleman, United Capital wealth adviser, will present “Improve the Way You Make Financial Decisions: Find Your Money Mind.” Cost is free. Visit talkshoppe.biz.

more events »

Doctors Open New Art Show at Gallery 363

Two Mid-South doctors with an eye for nature photography and exotic locales opened their new art show on South Main Street last week.

Real Estate Profession Trends Toward Teams

The residential housing market is recovering, but traditional real estate agents may not be, according to one agent who began at the height of the economic collapse.

REAL ESTATE RECAP

MED Buys East Memphis Land for $3.4 Million

6525 Quince Road Memphis, TN 38119

LOCAL COLUMNISTS

More Holiday Givebacks

Last week we shared some easy holiday givebacks with The Exchange Club Family Center, SRVS, Shield Inc. and Youth Villages. Keeping the spirit alive, this week let us share more ways you can celebrate the holidays while giving back, at the same time.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Dec. 4, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

MEMPHIS AREA

Worker Hurt in Rupture at Valero Refinery Dies

MEMPHIS (AP) – Officials say one refinery worker has died after being exposed to a hazardous substance at a Valero refinery in Memphis.

STATEWIDE

10 Tennessee Schools Apply for Achievement Initiative

NASHVILLE (AP) – Tennessee is among five states that plan to add at least 300 hours of learning time to the calendar in some schools starting in 2013.

TVA Looks at New "Worst Case" Flooding Scenario

CHATTANOOGA (AP) – The Tennessee Valley Authority is developing a worst-case flooding scenario that could require taller dams and more protection for nuclear reactors.

NATIONAL BUSINESS

US Manufacturing Shrinks in November to 3-Year Low

WASHINGTON (AP) – U.S. manufacturing shrank in November to its weakest level since July 2009, one month after the Great Recession ended. Worries about automatic tax increases in the New Year cut demand for factory orders and manufacturing jobs.

REAL ESTATE

US Builders Boost Spending 1.4 Percent in October

WASHINGTON (AP) – U.S. builders increased their spending on construction projects in October by the largest amount in five months, led by a surge in housing.

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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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