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VOL. 127 | NO. 237 | Wednesday, December 5, 2012

AutoZone Continues Earnings Streak

AutoZone Inc. reported lower-than-expected sales during its fiscal first quarter ended Nov. 17, partly the result of a warmer-than-expected winter that resulted in less of a need to replace car components because of parts wearing out.

Discovering New Paths

Momtrepreneurs creating own ways to business success

In 2009, Charity Helvie, 35, left a successful career in the investment industry to start a home-based business, MadiBella, a custom clothing boutique featuring her handmade children’s clothes and women’s accessories.

MemShop Latest Boon for Overton Square

A year ago, Loeb Properties Inc. was granted the green light from Memphis City Council for the funds necessary to construct a parking lot and detention pond west of Cooper Street – the last component in the more than $30 million public/private partnership to revitalize the once thriving Overton Square district.

Calls Come to Change Schools Merger Process

As suburban mayors were scheduled to meet this week to talk over their options, the consolidation of all public schools in Shelby County that begins in August began to show signs of a shift.

Council Debates Golf Courses Fate

Four golf courses owned and run by the city of Memphis are closed for the winter season as the Memphis City Council continues to debate the fate of the Whitehaven golf course, one of the four, which was to be closed permanently starting this month.

Local Weather
Today
Memphis, TN
61°F
Fair
Wind: 8 mph
Humidity: 70%

EVENTS

Kiwanis Club of Memphis will meet Wednesday, Dec. 5, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. Tony Geraci, executive director of nutrition services for Memphis City Schools, will speak. Cost is $25 for nonmembers.

more events »

Commission Approves Legal Fees in Schools Fight

A week after they won a major argument in the federal court fight over municipal school districts, Shelby County Commissioners approved Monday, Dec. 3, an additional $473,549 from its contingency fund to pay its legal fees in the lawsuit.

Le Bonheur Plans Obesity Research Center

Dr. Jon McCullers unveiled plans for a Center for Excellence in Pediatric Obesity at Le Bonheur Children’s Hospital at the recent Healthy Memphis Common Table Let’s Change Summit.

MEMPHIS NEWSMAKERS

Gammon Joins Methodist in Business Development

Myra Gammon has joined Methodist Le Bonheur Healthcare as a business development account manager for Community Care Associates. In her new role, Gammon is responsible for the development and management of the Occupational Health and Wellness Services program.

LOCAL COLUMNISTS

Quotes Celebrating Zig Ziglar

Author, motivational speaker and consummate salesman Zig Ziglar died in late November at the age of 86. Heralding from Yazoo City, Miss., Ziglar impacted the lives of salespeople worldwide. His influence was undeniable and his legacy, long lasting. This compilation of “Zigisms” is in celebration of his life’s work. May they bring you inspiration.

The Innovation Process: What’s the Secret Sauce?

Business banter talks a lot about “the process for innovation,” which is usually referenced in the singular and stated definitively, leaving most business leaders scratching their heads. It makes us think that there is one correct process, the secret sauce that top companies have and follow. There are actually thousands of innovation processes, none of which have been quantified or proven to be the most effective. There is no one size fits all.

Fiscal Equality vs. Efficiency

Beneath the “fiscal cliff” debate is a fundamental battle of philosophy. Liberal economics prioritizes equality, while conservative economics prioritizes efficiency. Migration toward either of these polls contains costs and benefits. Below is an excerpt from a tax study of developed nations commissioned by the Paris based OECD:

STATE GOVERNMENT

Haslam: TennCare Experience Guides Exchange Call

FRANKLIN, Tenn. (AP) – Gov. Bill Haslam says Tennessee's long experience in running an expanded Medicaid program is the reason it's taking longer than most other states to decide how to comply with the new federal health care law requirements on insurance exchanges.

REGIONAL

Arkansas Sees Slight Increase in Revenues in November

LITTLE ROCK, Ark. (AP) – The state finance department said Tuesday that Arkansas' revenues in November were slightly ahead of last year's figures and its expectations, numbers that the state's fiscal chief said show Arkansas can't afford more tax cuts next year.

NATIONAL BUSINESS

US Bank Earnings Rise 6.6 Percent, Most in 6 Years

WASHINGTON (AP) – U.S. banks earned more from July through September than in any other quarter over the past six years. The increase is further evidence that the industry is strengthening four years after the 2008 financial crisis.

REAL ESTATE

US Home Prices Rise in October by Most in 6 Years

WASHINGTON (AP) – A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the once-battered housing market.

HEALTH CARE

Study: Drug Coverage to Vary Under Health Overhaul

WASHINGTON (AP) – A new study says basic prescription drug coverage could vary dramatically from state to state under President Barack Obama's health care overhaul.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 13,330
MORTGAGES 0 0 17,349
FORECLOSURE NOTICES 0 0 3,391
BUILDING PERMITS 0 0 30,930
BANKRUPTCIES 0 0 12,695
BUSINESS LICENSES 0 0 4,597
UTILITY CONNECTIONS 0 0 19,457
MARRIAGE LICENSES 0 0 4,060

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