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VOL. 127 | NO. 42 | Thursday, March 1, 2012

Rumors Target Medtronic Spine Biz

Medtronic Inc.’s weak third quarter Spinal sales reported last week reignited speculation that the global medical device giant could eventually sell its Memphis-based Spinal & Biologics Business.

The Right Place

Cates touts robust industrial market as way for city to compete

When people think of Memphis, they might picture an aerial shot of Downtown – skyscrapers, The Pyramid and all.

On-the-Job Training for Grizz PGs

Grizzlies Coach Lionel Hollins bravely sent rookie backup point guards Josh Selby and Jeremy Pargo into the game … with 25 seconds left in what would be a 96-85 Grizzlies victory over the Dallas Mavericks on Wednesday, Feb. 29, at FedExForum.

Gasol, Conley Lead Grizzlies Past Mavericks 96-85

MEMPHIS (AP) – The Memphis Grizzlies wanted to make sure they maintained the momentum they had before the All-Star break.

New Elvis ‘Icon’ Exhibit Opens at Graceland

MEMPHIS (AP) – A new exhibit chronicling Elvis Presley's influence on pop music performers has opened at Graceland in Memphis.

Local Weather
Today
Memphis, TN
69°F
Fair
Wind: 0 mph
Humidity: 42%

EVENTS

Business Over Coffee International will present “Grass Roots Business Seminar: Building Your Business From Ground Up” Thursday, March 1, from 9 a.m. to 2 p.m. at National College of Business and Technology – Memphis, 3545 Lamar Ave. Admission is $25 for BOCI members; $35 for nonmembers; and free for students, in partnership with NCBT/BOCI. Lunch is included. For reservations, call Sherri Henley at 820-4469.

more events »

ASD Spells Out School Changes

Now that the state’s Achievement School District has named the three Memphis City Schools in which it will run charter schools and three others that will be run by the state as neighborhood schools, the move to a swift transition by August begins.

Study: Books from Birth Making Indelible Mark

“The Little Engine that Could” may be the perfect metaphor for Shelby County Books from Birth, a program that sends a new, age-appropriate book each month, at no cost, to all enrolled children from birth to age 5.

Witness Recalls Drug Money Accounting Duties

Dana Bradley remembers the day he went to work for the Craig Petties drug organization.

MEMPHIS LAW TALK

Early Finance, Biz Interests Fuel Lamberson’s Career

Christopher Lamberson, a new addition to the management committee at Glankler Brown PLLC, got interested in pursuing law as a career in a roundabout way.

LOCAL COLUMNISTS

Good News At Tax Time?

Ray’s Take If you haven’t started taking care of your federal income tax filing with the IRS, it’s time to get a move on: April 15th seems to come around awfully quick. But, while you’re hustling to get your paperwork in order, keep in mind that there’s actually some good news for 2012 when it comes to income taxes.

By Any Other Name …

A couple of weeks ago, I devoted almost an entire column to one item of viewer mail. No one complained, so I might as well do it again. Less than a week after hearing from Carole Hanna of Memphis, I heard from Daphine Craig:

STATEWIDE

Travel Booking Sites Prevail in Tenn. Tax Suit

NASHVILLE (AP) – Hotel booking websites including Priceline, Travelocity, Expedia and Orbitz have prevailed against more than a hundred Tennessee counties and municipalities in a legal fight over hotel tax collections.

STATE GOVERNMENT

Dem. Lawmakers: Table HOPE Cuts

NASHVILLE (AP) – A report from state lottery officials showing record sales is reason to table legislation that would cut some students’ lottery scholarships in half, Democratic leaders said Wednesday, Feb. 29.

REGIONAL

Actor Freeman Out of Dining Biz

JACKSON, Miss. (AP) – Memphis-born actor Morgan Freeman and his business partner, lawyer Bill Luckett, are ending their 10-year run as owners of Clarksdale’s Madidi Restaurant, an upscale establishment in the heart of the Mississippi Delta.

NATIONAL BUSINESS

Will Higher Gas Prices Derail the Economy?

NEW YORK (AP) – The price of gas has jumped 45 cents since Jan. 1 and is the highest on record for this time of year, an average of $3.73 a gallon. On Wall Street, talk has turned from the European debt crisis to another worry: Will higher gas prices derail the economic recovery?

NATIONAL GOVERNMENT

All Areas of the Country Show Growth, Fed Reports

WASHINGTON (AP) – The U.S. economy started the year off well with busier factories, higher retail sales, more jobs and growth in home sales.

First Lady Announces Travel Industry Jobs for Vets

WASHINGTON (AP) – The travel industry is promising to create nearly 3,000 jobs for veterans and military spouses by 2014 as part of a program announced Wednesday by Michelle Obama.

REAL ESTATE

Fannie Asks Gov't for Almost $4.6B After Q4 Loss

WASHINGTON (AP) – Mortgage giant Fannie Mae said Wednesday that it lost money in the fourth quarter and is asking the federal government for nearly $4.6 billion in aid to cover its deficit.

TECHNOLOGY

Apple Market Value Hits $500B, Where Few Have Gone

NEW YORK (AP) – Apple's market capitalization topped $500 billion Wednesday, climbing to a mountain peak where few companies have ventured – and none have stayed for long.

Facebook Unveils New Ad Offerings to Lure Brands

NEW YORK (AP) – Facebook is unveiling new advertising offerings designed to help the world's biggest brands spread their message on the world's largest online social network.

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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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