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VOL. 127 | NO. 36 | Wednesday, February 22, 2012

Challenges Remain for Medtronic

Medtronic Inc. on Tuesday, Feb. 21, reported worldwide revenue of $3.9 billion for the third quarter, up 2 percent from $3.857 billion in Q3 2011.

For the Children

Le Bonheur’s Child Life specialists ensure patients’ comfort during stay

Next to a full-size MRI machine at Le Bonheur Children’s Hospital sits its identical miniature version, perfectly sized for a doll and decorated with friendly cartoon fishes and other smiling sea life creatures.

Grizzlies Sitting Pretty Heading Into Break

The coach was greedy because, well, when are coaches not greedy?

Lowery, Illsley Honored With Dunavant Awards

The Memphis City Council’s longest serving member and the plans review manager for the Shelby County Code Enforcement Department are the two winners of the 2012 Bobby Dunavant Public Service Awards.

Council Approves Pink Palace Renovation and Elvis Presley Blvd Funding

Memphis City Council members approved Tuesday, Feb. 21, the terms of a $20 million multi-year renovation of the Memphis Pink Palace Museum and advanced $16 million in funding over two fiscal years starting this June for improvements along Elvis Presley Boulevard in Whitehaven.

Local Weather
Today
Memphis, TN
75°F
Fair
Wind: 3 mph
Humidity: 34%

EVENTS

Cannon Wright Blount certified public accounting firm will continue its series of seminars about QuickBooks accounting software Wednesday, Feb. 22, from 9 a.m. to 11 a.m. at the firm, 756 Ridge Lake Blvd. Each two-hour class costs $75. Seating is limited. To reserve a place, visit www.cannonwrightblount.com/resources, and for more information, call Debbie Bossé or Cathy Russell at 685-7500.

more events »

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.

Looney Ricks Kiss Wins 3 Nat’l Design Awards

Looney Ricks Kiss, also known as LRK Inc., has received three awards in the 2011 Best in American Living Awards by the National Association of Home Builders.

Commission Redistricting Moves to Final Vote

The Shelby County Commission’s overtime deliberations on redistricting have pulled in elements of other political issues.

MEMPHIS NEWSMAKERS

Chamberlain Joins MBI

Jessica Chamberlain has joined MBI as a workspace consultant.

LOCAL COLUMNISTS

Try Guerrilla Research for Keen Insight

Guerrilla marketing: unconventional marketing techniques designed to generate a significant return with a limited financial investment. It’s every business owner’s dream.

Here We Go Again

Good news continues to exceed bad news, and the markets stand at multi-year highs. Political tensions that whipped the markets about last year have taken a secondary role, as stronger economic data and low market valuations have taken a primary role. With the Dow Jones Industrial Average kissing 13,000, a level unseen since May 2008, let’s compare the fundamentals now and then.

STATE GOVERNMENT

Bill to Freeze Tenn. Lawmaker Expenses Delayed

NASHVILLE (AP) – A proposal to freeze Tennessee lawmakers' expense reimbursements rates has been delayed in the state Senate amid concerns about rising gas prices.

NATIONAL BUSINESS

Wal-Mart's Q4 Results Show Rebounding US Business

NEW YORK (AP) Wal-Mart Stores Inc.'s business offers valuable insight into how Americans are reacting in the slow economic recovery: they will spend, but only if they believe they're getting the lowest prices.

Comcast Launches New Streaming Video Service

PHILADELPHIA (AP) – Cable TV giant Comcast is launching a new subscription video service that will enable its customers to instantly view movies and TV shows both in and out of the home.

Barnes & Noble Fiscal Q3 Net Income Falls

NEW YORK (AP) – Barnes & Noble said Tuesday that its fiscal third-quarter net income fell 14 percent, as rising costs offset higher sales. The company also said it will introduce a cheaper Nook Tablet.

NATIONAL GOVERNMENT

High Court Health Care Argument Extended to 6 Hrs

WASHINGTON (AP) – The Supreme Court has added another 30 minutes to upcoming arguments over President Barack Obama's health care overhaul. The sessions now will span six hours over three days in late March.

Congress Targets Federal Workers for Savings

WASHINGTON (AP) – Federal workers have become the go-to targets as Congress, and the White House, search for ways to lower the deficit, pay for tax cuts and put off looming reductions to defense spending.

HEALTH CARE

FDA: New Suppliers to Ease 2 Cancer Drug Shortages

TRENTON, N.J. (AP) – Federal regulators have approved new suppliers for two crucial cancer drugs, easing critical shortages that had been ratcheting up fears that patients, particularly children with leukemia, would miss lifesaving treatments.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 153 14,870
MORTGAGES 64 144 19,474
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 217 359 35,689
BANKRUPTCIES 59 121 14,155
BUSINESS LICENSES 24 86 5,077
UTILITY CONNECTIONS 71 170 21,603
MARRIAGE LICENSES 22 59 4,616

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