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VOL. 127 | NO. 35 | Tuesday, February 21, 2012

Challenges Remain for Medtronic

Medtronic Inc. on Tuesday reported worldwide revenue of $3.9 billion for the third quarter, up 2 percent from $3.857 billion in Q3 2011.

Instigators of Change

Lipscomb Pitts Breakfast Club, Park work to make Memphis better place

The Lipscomb Pitts Breakfast Club is an organization that defies a simple description.

FDA Places Hold on GTx Study as Company Reports Earnings Drop

Memphis-based pharmaceutical company GTx Inc. on Tuesday, Feb. 21, announced that the U.S. Food and Drug Administration had placed a clinical hold on the company’s Phase II clinical studies for Capesaris.

Accredo Health Sees 2011 Record Growth

Memphis-based Accredo Health Group, a provider of specialty pharmaceuticals, continued its record growth in fourth quarter 2011, with revenue growth of 28.3 percent to $3.8 billion. Accredo’s full-year 2011 revenues increased 18.5 percent to a record $13.4 billion.

Council to Weigh Pink Palace Funding

A $20 million upgrade of the Memphis Pink Palace Museum tops the Tuesday, Feb. 21, Memphis City Council agenda that also includes two items key to Overton Square redevelopment and $510,000 in capital appropriations for the Memphis Area Transit Authority.

Local Weather
Today
Memphis, TN
39°F
Cloudy
Wind: 5 mph
Humidity: 76%

EVENTS

The Better Business Bureau Breakfast Series will continue Tuesday, Feb. 21, from 7:30 a.m. to 9 a.m. at the BBB, 3693 Tyndale Drive. Lori Turner-Wilson of RedRover Sales & Marketing will discuss reaching and keeping customers through generational marketing. Cost is free for BBB-accredited businesses and $10 for guests. To register, contact Susan Harris at 757-8617 or sharris@bbbmidsouth.org.

more events »

Democratic Court Clerk Primary Tops Early Voting

The winner so far on the March 6 election day ballot in Shelby County headlined by the Republican presidential primary appears to the Democratic primary for General Sessions Court clerk.

Commission Has 9 Votes For Single Member District Shift

Shelby County Commissioners had nine votes Monday, Feb. 20, to pass a redistricting plan that would change the 13-member five-district body into a body of 13 single-member districts.

Schools Discussion Hits Two Points

The Arlington board of aldermen takes a final vote Tuesday, Feb. 21, on a May 10 referendum on a municipal school district.

Local QR Real Estate Usage Grows Slowly

First seen in Japan in the mid-1990s, quick response codes could add momentous efficiency in the residential real estate world, allowing virtual tours of houses to take place on mobile devices.

Soup Sunday a Recipe for Fundraising Success

Thousands of Mid-Southerners poured into FedExForum Sunday, Feb. 19, to sample soups and desserts from more than 50 local restaurants and caterers during the Youth Villages Soup Sunday.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Feb. 21, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the icon for a full agenda.

REAL ESTATE RECAP

Nucor Files Application For Steel Operations

3601 Paul R. Lowry Road, Memphis, TN 38109 -
Nucor Steel Memphis Inc. is taking steps toward increasing its Memphis steel operations at 3601 Paul R. Lowry Road. The company filed a $2 million permit application with the city-county Office of Construction Code Enforcement for what the permit terms “files and steel erection.”

LOCAL COLUMNISTS

Answering What Memphis Means

Last week we explored Friends for Life Corp., which is an organization helping people affected by HIV/AIDS live well. This week let us focus on one question that is helping our community create a powerful narrative and a shared voice: “What does Memphis mean to you?”

There’s More to Lending Than Money

Across the globe and across the street, I’ve seen how the economic period we’ve faced has unsettled people’s nerves and at times, shaken their confidence. But if we choose to see this time as more of a “glass half full,” I can also see that we’ve learned some valuable lessons.

REGIONAL

Southern Baptists to Hear Proposed Name Change

NASHVILLE (AP) – The nation's largest protestant denomination will remain "Baptist" but it's thinking about whether to stay "Southern" for much longer.

NATIONAL BUSINESS

Wal-Mart Takes Controlling Stake of Chinese Site

BENTONVILLE, Ark. (AP) Wal-Mart Stores Inc. plans to buy a controlling stake in the fast-growing Chinese online retailer Yihaodian.

Dr. Scholl's Hoping to Massage Rickety Image

NEW YORK (AP) – Dr. Scholl's wants to massage its arthritic image.

NATIONAL GOVERNMENT

Obama Takes Tougher Stance on Higher Education

WASHINGTON (AP) – Access to college has been the driving force in federal higher education policy for decades. But the Obama administration is pushing a fundamental agenda shift that aggressively brings a new question into the debate: What are people getting for their money?

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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