» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 127 | NO. 23 | Friday, February 3, 2012

2011 Big Year for International Paper

Memphis-based International Paper Co. on Thursday reported its best year in nearly 20 years with net earnings of $1.3 billion compared to $644 million in 2010.

Renaissance 2012

Arts orgs bounce back, expect strong year

It may be the start of a new year for most people, but for arts organizations in Memphis, it’s a new life altogether. Tough economic years in 2009 and 2010 led to creative collaborations in 2011, which some say will bloom into financial success in 2012.

Memphis not Among Forbes Top 10 'Miserable' Cities for 2012

How happy are you feeling, Memphis?

Schools Consolidation Group Wants Meeting With Suburban Mayors

Shelby County Mayor Mark Luttrell warned the schools consolidation transition planning commission that it cannot ignore the issue of suburban municipal school districts as it draws up the blueprint for a consolidated countywide school system.

Smith & Nephew to Cut 7 Pct. of Global Workforce

Smith & Nephew has announced it will reduce its global workforce by 7 percent over the next three years. The statement came Thursday, Feb. 2, when the London-based company reported its fourth-quarter and full-year 2011 earnings, with Q4 earnings that exceeded analysts’ estimates.

Local Weather
Today
Memphis, TN
81°F
Fair
Wind: 7 mph
Humidity: 74%

EVENTS

The Rotary Club of Memphis Central will meet Friday, Feb. 3, from 11:45 a.m. to 1 p.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Deborah Hester Harrison, president of Girls Inc., will speak. To reserve a place, call Dick Wieland at 270-3778.

more events »

Planned Parenthood Affiliates Sue Tenn.

Planned Parenthood Greater Memphis Region and Planned Parenthood of Middle and East Tennessee have filed a federal lawsuit in Nashville against John Dreyzehner, commissioner of the Tennessee Department of Health.

MAA CEO: Multifamily Sector ‘Pretty Darn Good’

MAA Chairman and CEO Eric Bolton says the multifamily sector is going to be “pretty darn good” over the next few years. He offered analysts that assessment during a conference call Friday, Feb. 3, in conjunction with the real estate investment trust’s fourth-quarter and full-year 2011 earnings report.

Elite Electric Relocates to Hickory Withe

A local electrical designer is relocating its operations from Collierville to Hickory Withe.

French Quarter’s New Owners Meet With Residents

Two new local owners are under contract to buy and convert the former French Quarter Suites Hotel in Midtown’s Overton Square district to a Comfort Suites in a $6 million project.

2008 Model Predicts Effects of Airline Mergers

Two years ago, a trio of economics professors at Stanford University’s Graduate School of Business, checked in on a model they built in 2008 to measure and predict the long-term effects of U.S. airline mergers on specific markets, including Memphis.

Pink Palace Educator on Antarctic Expedition

When she’s not busy tagging and tracking seals with a team of scientists in Antarctica, Memphis educator Alex Eilers is responding to email questions and sending postcards to her students and community supporters, who are following her journey online.

MEMPHIS STANDOUT

Bartlett Mayor McDonald Oversees Growth, Possible School District

Editor’s Note: This is 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 Feb. 22.

SPORTS

Tony Being Tony at Center of Grizz Roller Coaster Season

Tony Allen is the middle of everything.

Looking For A Few Hits On Tigers’ Signing Day

Every coach wins National Signing Day. Every year.

LOCAL COLUMNISTS

25 Reasons To Laugh

THE VOICES IN MY HEAD MAY NOT BE REAL, BUT THEY HAVE SOME GOOD IDEAS.

Are You on Board

Editor’s Note: This is the second in a five-part series on roles and responsibilities.

MEMPHIS AREA

Valero Offers $25K Reward in Employee Killing

MEMPHIS (AP) Valero Energy Corp. on Thursday offered a $25,000 reward for information leading to an arrest in the fatal shooting of an employee of the company's refinery in Memphis.

STATEWIDE

QR Code Added to Official 2012 State Map

NASHVILLE (AP) – The official 2012 Tennessee Transportation Map is now available.

STATE GOVERNMENT

Support Builds for Special Session on Health Care

NASHVILLE (AP) – Republican lawmakers are building support for a plan to wait until the end of the year to take action on state requirements set by President Barack Obama's federal health care law.

NATIONAL BUSINESS

Fewer Seek Unemployment Aid as Job Market Betters

WASHINGTON (AP) – The number of Americans seeking unemployment benefits fell last week to a level that signaled a steadily improving job market. The figures came one day before the government is expected to report that January marked another solid month for hiring.

Worker Productivity Growth Slowed in 4th Quarter

WASHINGTON (AP) – Workers were more efficient in the final three months of last year, although their gains in productivity slowed from the previous quarter. Slower productivity growth can be a good sign for hiring if economic growth picks up.

Retailers Deliver Solid Sales Gains for January

NEW YORK (AP) – Americans were shopping in January, but not every store was feeling the love.

NATIONAL GOVERNMENT

New Rules Compel Disclosure of 401(k) Fees

LOS ANGELES (AP) – The Obama administration is taking steps to make the fees charged in 401(k) plans more transparent and broaden the options retirees have for drawing on their nest egg.

Government Officials Face Ban on Insider Trading

WASHINGTON (AP) – The Senate is poised to pass a bill banning insider trading by lawmakers as well as the executive branch.

House Votes to Continue Federal Worker Pay Freeze

WASHINGTON (AP) – The House on Wednesday voted to freeze the wages of federal workers for a third straight year and put members of Congress on record as opposing a boost in their $174,000 annual salaries.

Bernanke Defends Fed Policies Against GOP Critics

WASHINGTON (AP) – Ben Bernanke defended the Federal Reserve's decision to hold interest rates at record-low levels for the next three years, during a contentious hearing before federal lawmakers.

Solution to Crumbling Roads, Bridges Elusive

WASHINGTON (AP) – Congress is struggling to come up with a solution to the nation's crumbling roads, bridges and transit systems, which are at the point of hindering economic growth.

REAL ESTATE

Rate on 30-Year Mortgage Falls to Record 3.87 Pct.

WASHINGTON (AP) – The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.

TECHNOLOGY

Facebook Surrenders Its Privacy in IPO Documents

SAN FRANCISCO (AP) – Facebook is baring its business soul.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 180 11,618
MORTGAGES 81 223 15,202
FORECLOSURE NOTICES 21 68 2,979
BUILDING PERMITS 0 392 27,646
BANKRUPTCIES 90 218 11,180
BUSINESS LICENSES 26 63 4,101
UTILITY CONNECTIONS 99 422 16,906
MARRIAGE LICENSES 19 62 3,526

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.