VOL. 127 | NO. 21 | Wednesday, February 1, 2012
Memphis Mayor A C Wharton Jr. gave representatives of the city’s business community a glimpse into his mind Tuesday, Jan. 31, as well as some background on his priorities within the context of his 100-day plan for the city.
West Tenn. education in Haslam’s budget highlights
Tennessee Gov. Bill Haslam wasn’t ready to say the state has recovered from the recession. But his $31 billion budget proposal outlined in the Monday, Jan. 30, State of the State address included a robust building program mixed with state pay raises and plans to cut more than 1,000 state jobs.
The Federal Reserve has sent Bank of Bartlett a notice of “Prompt Corrective Action” that suggests the bank is undercapitalized and requires the bank to raise capital within 90 days.
One night earlier, their coach had rightly accused them of “not working.” So it was only fitting that on this night the Grizzlies had to literally work overtime to stop a four-game losing streak and find their misplaced pride.
DALLAS (AP) – Executives from American Airlines' parent company were scheduled to meet with employees Wednesday in Fort Worth, Texas, to detail concessions that they want from unions under a reorganization plan. Unions expected the company to propose job cuts and either freeze or end American's pension plans.
Social media may not be the first communication platform that comes to mind for those working in highly regulated industries, but it boils down to another means of getting a message across.
It keeps coming back to the issue of turf between the city of Memphis and the six suburban municipalities.
MEMPHIS (AP) – There's a glass case in a room on Graceland's first floor that holds a small white fur coat, a photo album of Elvis Presley's family and a blue record player used by his daughter, Lisa Marie.
The MED Foundation has announced the lineup for its upcoming gala, “Med Night, A Soul Celebration – Soul Food, Soulful Sounds and The Soul Train Scramble Board.”
Less than a month after Wright Medical Group Inc.’s former Senior Vice President Frank Bono filed a complaint in Shelby County Chancery Court against his former employer, the Arlington-based orthopedic medical device company has named Daniel Garen its new senior vice president and chief compliance officer.
Shares of GTx Inc. rose about 50 percent Monday, Jan. 30, after Citigroup predicted the Memphis-based pharmaceutical company was likely about a year away from reporting positive results from its Phase III clinical trials for Ostarine, a drug designed to prevent and treat muscle wasting in cancer patients.
Math professors at the University of Memphis are claiming some success in using math lab computer software to close achievement gaps among students.
MEMPHIS NEWSMAKERS
Jonathan Edwards has joined The Barnett Group as director of client technology. Edwards will work with clients and prospects to analyze their medical claims and plan options to find the best fit for them.
LOCAL COLUMNISTS
When you’re spending $3.5 million on a 30-second TV spot, maximizing buzz is the name of the game. That’s why one of the overarching themes with this year’s bevy of Super Bowl ads is pre-game promotion as well as the introduction of more social media integrated campaigns. Savvy marketers are taking a more holistic approach.
NATIONAL BUSINESS
NEW YORK (AP) – It looks like Americans are starting to doubt that the economy in 2012 will be that much better than it was last year.
NEW YORK (AP) – College and university endowments made gains in the fiscal year that ended in June, but many are still struggling to make up ground they lost in 2008 and 2009, according to a report released Tuesday.
SAN ANTONIO, Texas (AP) – Valero Energy Corp. said Tuesday that it earned a profit in the fourth quarter as new refineries helped boost revenue beyond expectations.
NATIONAL GOVERNMENT
WASHINGTON (AP) – The government will run a $1.1 trillion deficit in the fiscal year that ends in September, a slight dip from last year but still very high by any measure, according to a budget report released Tuesday.
WASHINGTON (AP) – Seeking cooperation in a polarized climate, President Barack Obama called on Congress Tuesday to act quickly on bipartisan measures that would extend tax breaks for small businesses and help startup companies raise money. He said he would sign the legislation "right away."
WASHINGTON (AP) – Lawmakers say they've reached an agreement on a $63 billion, four-year bill to extend the Federal Aviation Administration's operating authority and the agency's air traffic modernization effort.
REAL ESTATE
WASHINGTON (AP) – U.S. home prices fell for a third straight month in nearly all cities tracked by a major index. The declines show that most homeowners are not reaping the benefits from some signs of an improving housing market.
TECHNOLOGY
DANA POINT, Calif. (AP) – Twitter CEO Dick Costolo sought to calm the global outrage over the company's new country-by-country censorship policy, complaining in part that the issue is being treated with the same kind of shorthand that has made Twitter popular.