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VOL. 127 | NO. 20 | Tuesday, January 31, 2012

ABB CEO: T&B Acquisition Expands Reach

Memphis-based Thomas & Betts Corp. will become a new global business unit based in Memphis as part of the ABB Group of Zurich.

‘Recorded in Memphis’

Rock ‘n’ Soul exhibit shines light on those behind the music

At the end of the guided tour at the Memphis Rock ‘n’ Soul Museum, visitors will come to a gallery that has a little different focus than what they’ve just finished soaking up.

Council Considers Quick Annex Of Grays Creek

Memphis City Council members will meet Tuesday, Jan. 31, to consider a fast track annexation of the Gray’s Creek area of Cordova.

Property Value Among School Bills Board is Examining

If a charter school rents or buys an existing public school building in Tennessee, it would have to be at fair market value under one of numerous charter school bills expected to be filed in the Tennessee Legislature this year.

Spurs Hand Grizzlies 4th Straight Loss, 83-73

MEMPHIS (AP) – The San Antonio Spurs hardly looked like an aging team playing the second night of a back-to-back.

Lott Brings Perspective to MAAR Presidency

Long before Carol Lott was buying and selling houses, her first job was selling popcorn and movie tickets at the Frayser 3 Movie Theater.

Southaven Mayor Davis Announces He has ‘No Intention of Resigning’

Southaven Mayor Greg Davis returned to public life in the North Mississippi town Monday, Jan. 30, by announcing he has “no intention of resigning,” despite a federal criminal investigation into his spending of taxpayer money and a critical review of the same expenses by the Mississippi auditor’s office.

C-III Capital Acquires NAI Global

The parent company of Memphis-based NAI Saig Co. has been acquired by an Irving, Texas-based real estate investment and special loan servicing firm for an undisclosed amount.

Great American Steamboat Co. Hiring More than 300

Great American Steamboat Co., the enterprise that’s newly headquartered Downtown in One Commerce Square and which is bringing riverboating back to the Mississippi River, is planning to hire more than 300 new employees for “the grandest, most opulent riverboat in the world.”

REAL ESTATE RECAP

STCC Takes Next Step In Nursing Bldg. Plans

693 Union Ave., Memphis, TN 38103 -
Work is moving forward on Southwest Tennessee Community College’s long-planned Nursing, Natural Sciences, Biotechnology Building at its Union Avenue campus Downtown.

LOCAL COLUMNISTS

Build BRIDGES To Make Difference

Last week we spotlighted Samaritan’s Feet, which is providing new shoes and renewed hope to the 300 million people around the world who go without shoes each day. We also thanked the volunteers who recently came out and helped us wash the feet of more than 200 kids here in Memphis, providing them with new socks and shoes as a part of the Samaritan’s Feet National Day of Service.

State of the Union

The GOP primary battle has grabbed the political headlines for most of the past few months, while campaign season from President Obama’s perspective officially kicked off last week with the State of the Union address. With so many eyes focused on the ballot box this year, we would be remiss not to at least address the speech. In this space a few weeks ago, we wrote the following:

STATE GOVERNMENT

TennCare Pain Pill Prescrips Up 48 Pct.

NASHVILLE (AP) – The number of narcotics prescriptions dispensed through the TennCare program has increased by 48 percent over the last four years despite efforts to end abuse.

NATIONAL BUSINESS

Memphian Testifies Against Financier Stanford

HOUSTON (AP) – A former employee for Texas financier R. Allen Stanford says a farm hand and a preacher were among unqualified workers hired as financial analysts in one of Stanford's offices.

Incomes Up Strong 0.5 pct., Consumer Spending Flat

WASHINGTON (AP) – Americans' income rose in December by the most in nine months, a hopeful sign for the economy after a year of weak wage gains. But consumers didn't spend any more than they had in November.

NATIONAL GOVERNMENT

House Transportation Bill Would Spend Nearly $270B

WASHINGTON (AP) – House Republicans are proposing to spend nearly $270 billion over the next 4 ½ years on transportation programs as a way to preserve jobs.

Obama Uses Tax Proposals for His Political Message

WASHINGTON (AP) – Aiming tax increases at millionaires and companies that ship jobs abroad may help frame the fairness theme of President Barack Obama's re-election campaign, but it's a plan that stands virtually no chance of passing Congress.

SPORTS

Tennessee Fans Lobbying Manning to Consider Titans

NASHVILLE (AP) – Peyton Manning remains on the Colts' roster, and the Titans have three quarterbacks already.

TECHNOLOGY

Tech Companies Team Up to Combat Email Scams

NEW YORK (AP) – Google, Facebook and other big tech companies are jointly designing a system for combating email scams known as phishing.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 44 164 6,013
MORTGAGES 72 254 9,911
FORECLOSURE NOTICES 30 129 3,267
BUILDING PERMITS 374 520 16,072
BANKRUPTCIES 66 210 6,963
BUSINESS LICENSES 20 64 2,402
UTILITY CONNECTIONS 101 330 9,404
MARRIAGE LICENSES 19 84 2,146

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