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VOL. 127 | NO. 33 | Friday, February 17, 2012

Nucor, FedEx Among Incentive Recipients

Millions of dollars in new investment, a few major corporate expansions and the retention of hundreds of local jobs – not to mention the creation of new demand for local construction workers and contractors – all were guaranteed by tax breaks awarded this week by the city-county Economic Development Growth Engine board.

Security Measures

Another local logistics company gets certified with cargo protection procedures

One of the legacies of the 9/11 terrorist attacks a decade ago was a tightening of security in supply chain and logistics businesses.

Gastro Group Opens Office In Senatobia

Utley Properties has closed on a flurry of deals in its Northwest Plaza Shopping Center in Senatobia in recent weeks.

Suburban Mayors Hear Lots Of Concerns From Schools Planning Commission

The group drawing up the blueprint for a consolidated countywide public school system will plan for a school system that covers the entire county including the suburban towns and cities.

International Paper Buys Mill From Temple-Inland

BOGALUSA, La. (AP) International Paper Co. is now officially the fifth owner of a paper mill opened in Bogalusa in 1906.

Local Weather
Today
Memphis, TN
80°F
Fair
Wind: 6 mph
Humidity: 76%

EVENTS

The University of Memphis, University of Tennessee Health Science Center and Vanderbilt University will present Biomaterials Day Friday, Feb. 17, from 8 a.m. to 6 p.m. in the U of M’s FedEx Institution of Technology, 365 Innovation Drive. The conference will feature panel discussions on the innovation of clinical needs of biomaterials, a networking luncheon and presentation by students and professionals. Visit tiny.cc/UMbiomaterialsday2012 for more information.

more events »

Petties Trial Testimony Hits One Week Mark

Ten-year-old crack cocaine is brown and looks like meatballs.

Grisanti Closes Poplar Locale

Cordova’s culinary gain means a loss for the Chickasaw Gardens area after the longtime Grisanti’s restaurant location at 2855 Poplar Ave. quietly closed its doors.

Roast Club Holds Weekend Comedy Fest

Memphis standup and improv comedy performers will come together for the first Memphis Comedy Festival Thursday, Feb. 16, through Sunday, Feb. 19. Presented by the Memphis Roast Club, the festival is at TheatreWorks, 2085 Monroe Ave.

Org Asks What Memphis is Reading

Literacy Mid-South has kicked off a Twitter campaign to get Memphians talking about their favorite books.

MEMPHIS STANDOUT

Kuhn Enjoys Change of Pace As Airport Authority Counsel

Editor’s Note: This is the last in a Daily News series featuring past winners of the Bobby Dunavant Public Service Awards, which annually honor one elected and one non-elected government official. The 2012 awards will be presented Wednesday, Feb. 22.

LOCAL COLUMNISTS

Mind Over Matter

THAT’S ENOUGH. Growing up, whenever I was doing something, saying something or up to something for a period of time deemed sufficient by my father, he would say, “That’s enough.”

Fundraising Roles, Responsibilities for Staff

Part Four in a Five Part Series Have you heard this before: “We’ll hire the right person and they will raise the money”?

SPORTS

Gasol’s Path Leads Him To NBA All-Star Game

People smiled and shook their heads. In high school gyms all across Shelby County, the curious came out to see the novelty act that was Pau Gasol’s younger brother and they dismissed the kid. If he looked soft playing for Lausanne Collegiate School against players a foot shorter and 100 pounds lighter – and he did – then he didn’t exactly project as an NBA player.

RMKC Brings McEnroe Back To Memphis

Imagine this scene at The Racquet Club of Memphis, say 30-plus years ago:

March Madness Games No Longer Free Online for All

NEW YORK (AP) – Some fans will no longer be able to watch every NCAA men's basketball tournament game online for free.

Monfils Withdraws From Memphis Tennis Tourney With Injury

MEMPHIS (AP) – Gael Monfils has withdrawn from the Regions Morgan Keegan Championships because of a right knee inflammation.

MEMPHIS AREA

Fred's Increases Dividend, Expands Buyback Plans

MEMPHIS (AP) – Discount retailer Fred's Inc. announced Thursday that it is increasing its quarterly cash dividend and expanding its stock buyback plans.

STATE GOVERNMENT

Tenn.'s 'Don't Say Gay' Bill Advances in House

NASHVILLE (AP) – A proposal that seeks to ban Tennessee public schools from teaching about gay issues advanced in the House on Wednesday despite opponents who say the measure could be harmful to gays.

Bill to Close Grant Records Stalls Again in Tenn. Senate

NASHVILLE (AP) – Ownership records of companies seeking economic development grants should be available to the public, Senate Speaker Ron Ramsey said Thursday.

NATIONAL BUSINESS

US Unemployment Applications Drop to a 4-Year Low

WASHINGTON (AP) – The number of people seeking unemployment benefits in the U.S. fell to the lowest point in almost four years last week, the latest signal that the job market is steadily improving.

Wholesale Prices Move Up 0.1 Percent Last Month

WASHINGTON (AP) – Wholesale prices moved up slightly last month, held back by cheaper energy and food costs. The modest increase signals that inflation is largely in check.

Bernanke: Smaller Banks Stronger

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke said Thursday, Feb. 16, that the health of the nation’s community banks has strengthened, despite what he described as a frustratingly slow economic recovery.

NATIONAL GOVERNMENT

Post Office Expects $18B Annual Loss Without Cuts

WASHINGTON (AP) – The Postal Service is warning it will lose as much as $18.2 billion each year by 2015 if Congress doesn't give it leeway to eliminate Saturday mail delivery and make other service cuts.

REAL ESTATE

Rate on 30-Year Mortgage Stays at Record 3.87 Pct.

WASHINGTON (AP) – The average rate on the 30-year fixed mortgage held steady at a record low for a third straight week, offering more incentive to those looking to buy a home or refinance.

US Housing Starts Rise Modestly to Start New Year

WASHINGTON (AP) – Construction of single-family homes in the U.S. cooled off slightly in January after surging in the final month last year. But a rise in permits suggests builders are growing more confident that more buyers are ready to come off the sidelines.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 327 11,765
MORTGAGES 76 371 15,350
FORECLOSURE NOTICES 41 112 3,023
BUILDING PERMITS 382 972 28,226
BANKRUPTCIES 65 345 11,307
BUSINESS LICENSES 19 117 4,155
UTILITY CONNECTIONS 184 700 17,184
MARRIAGE LICENSES 20 100 3,564

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