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VOL. 127 | NO. 31 | Wednesday, February 15, 2012

Major Projects on Tap at EDGE Meeting

Representatives of FedEx Express, a major steel producer, a medical diagnostics company and a manufacturer for the baking industry will all be in front of local economic development officials Wednesday, Feb. 15, in pursuit of financial incentives.

Growing Field

American Home Shield expands home warranty business

The days of buying a home appliance warranty and waiting for the appliance to break down are changing.

Pinnacle Awards To Honor City’s Best in CRE

Amid the lukewarm commercial real estate climate, a little recognition goes a long way.

UPDATE: Jury Hears Recording of Hit Man Talking With Petties Target

Big drug dealers don’t count the money as soon as they make a drug deal. They wait until they leave the exchange to count it.

Pricing Announced for Raymond James Stock Offering

Raymond James Financial Inc., the soon-to-be new parent of Memphis-based Morgan Keegan & Co. Inc., has announced the pricing of its public offering of 10.5 million shares of common stock at $34 per share.

Grays Creek Annexation on Hold - Bridgewater Dropped

The annexation of Grays Creek is on hold after Memphis City Council members met Tuesday, Feb. 14, in special session to approve the annexation ordinance on the second of three readings.

Conley, Gay Lead Grizzlies Over Rockets, 93-83

MEMPHIS (AP)Tony Allen was determined to stop Rockets leading scorer Kevin Martin.

Memphis’ ZeroTo510 to Aid Med, Biotech Startups

Memphis Bioworks Foundation and Innova have launched ZeroTo510, an accelerator program to help entrepreneurs bring medical devices and companies to market.

White House Initiative Aims to Unite Asian Community

The White House Initiative on Asian Americans and Pacific Islanders will stop in Memphis for a two-day forum aimed at drawing out the community’s local leadership.

Diabetes Brings Caution, Awareness for Ciao Bella Chef

Whether it’s cannelloni, pizza or a decadent chocolate cake, Jonathan Steenerson, executive chef at Ciao Bella Italian Grill, is accustomed to whipping up meals that make customers’ mouths water.

Primary Battle Starts Locally With Early Voting

Early voting in the Tennessee presidential primary begins Wednesday, Feb. 15, but the Republican presidential contenders have Arizona and Michigan on their minds.

MEMPHIS NEWSMAKERS

Designer Burford Joins Howell Marketing

Marc Burford has joined Howell Marketing Strategies as graphic design and photography coordinator.

LOCAL COLUMNISTS

Biggest Cold Calling Mistakes and How To Avoid Them

The ability to sell is a learned skill. There’s a formula – a vital part of which is planning. Is it the most glamorous part of sales? No. Is it worth the investment? Every time.

STATE GOVERNMENT

Romney Names Gov. Haslam Chair of Tenn. Campaign

NASHVILLE (AP) – Republican presidential candidate Mitt Romney has named Gov. Bill Haslam his campaign chairman in Tennessee.

NATIONAL BUSINESS

January Retail Sales Gain Points to Modest Growth

WASHINGTON (AP) – Americans rebounded from a weak holiday season and stepped up spending on retail goods in January. The latest government report on retail sales pointed to a slowly improving economy.

NATIONAL GOVERNMENT

Transportation Boosted to Top of Political Agenda

WASHINGTON (AP) – After years of procrastination, the White House and Congress have suddenly boosted a long-term plan to improve the nation's roads, bridges and transit systems to the top of the political agenda.

GOP Critics Hit Obama's $3.8 Trillion Budget

WASHINGTON (AP) – Treasury Secretary Timothy Geithner told Congress Tuesday that the president's new $3.8 trillion spending plan would impose new taxes on only 2 percent of the nation's wealthiest families and the alternative would be to seek more painful cuts in other government programs such as defense, Social Security and Medicare.

REAL ESTATE

Late Payments on Mortgages Rise Again in 4th Qtr

NEW YORK (AP) – Late payments on mortgages ticked up in the last three months of 2011, the second straight quarter-to-quarter increase after nearly two years of steady decline.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 206 16,619
MORTGAGES 84 228 21,660
FORECLOSURE NOTICES 0 35 4,301
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 71 220 15,762
BUSINESS LICENSES 23 51 5,542
UTILITY CONNECTIONS 86 287 23,860
MARRIAGE LICENSES 0 51 5,086

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