VOL. 127 | NO. 58 | Friday, March 23, 2012
Memphis-based FedEx Corp. reported net earnings for its third quarter of $521 million or $1.65 a share compared with $231 million in earnings a year ago or 73 cents a share.
Students repair homes during SOS camp
Like many college students, Annie Marcum and Lisa Stockdale of South Carolina’s Clemson University had planned to spend spring break enjoying the beach.
U.S. Labor Secretary Hilda Solis and Patricia Shiu, director of the Labor Department’s Office of Federal Contract Compliance Programs, unveiled the details Thursday, March 22, of a $3 million settlement with FedEx Ground related to thousands of workers turned down for jobs over the last several years.
PORTLAND, Ore. (AP) – This season is not a lost cause to the Portland Trail Blazers.
Countywide school board members rejected Thursday, March 22, an agreement with county government on the possible transfer of school buildings to municipal school districts that would check possible legislation in Nashville on the same general subject.
A fully leased Downtown office building has traded hands for more than twice its assessed value.
Friday, March 23, marks the second anniversary of the signing of the Affordable Care Act, whose complexities continue to leave many business owners confused.
At week’s end, the move to municipal school districts had slowed for a possible pit stop in Shelby County Chancery Court.
The complaint that prompted Memphis Mayor A C Wharton Jr. to open an investigation into the city’s General Services division was an anonymous letter.
A popular Mexican restaurant has inked its third Memphis-area lease.
MEMPHIS STANDOUT
Editor’s note: This is the first in a six-part series on entrepreneurs in the current round of Seed Hatchery’s boot camp.
SPORTS
The interviewer asked University of Memphis coach Josh Pastner if he knew how all coaches, no matter the sport, were evaluated. Pastner nodded as he received the question and smiled.
The Grizzlies’ Lionel Hollins might have just made something up. It probably would have been easier. Instead, his answer to the question of how the Grizzlies were adjusting to the return of Zach Randolph was just honest.
LOCAL COLUMNISTS
For Pete’s sake, it’s Sam’s. And it always will be. Turning basic things into things Memphis is part of our storytelling alchemy. Some mixture of food, drink and funky has to be involved in the telling, and the telling should take a while. Sometimes the stage itself may be the story.
Part two of a three-part series Legal issues abound in all areas of life, including nonprofits. We asked local Memphis attorney Van Turner, a partner in the law firm of Brittenum Bruce PLLC and an experienced board member, for general guidance regarding the law and nonprofits.
NATIONAL BUSINESS
WASHINGTON (AP) – The number of people seeking U.S. unemployment aid fell to a four-year low last week, bolstering the view that the job market is strengthening.
NEW YORK (AP) – American Airlines will ask a federal bankruptcy judge next week to throw out its union contracts if it can't reach cost-cutting deals with labor unions.
WASHINGTON (AP) – A measure of future U.S. economic activity rose in February for the fifth straight month, fresh evidence that the economy is gaining momentum.
NATIONAL GOVERNMENT
WASHINGTON (AP) – Legislation to help startup companies raise capital by reducing some federal regulations won easy passage in the Senate Thursday despite warnings from some Democrats that less government oversight would mean more abuse and scams.
WASHINGTON (AP) – A U.S. government watchdog is questioning $600,000 that taxpayer-funded Fannie Mae and Freddie Mac spent on an October convention, according to a report released Thursday.
WASHINGTON (AP) – That nice Internal Revenue Service refund check many families eagerly await this time of year is down slightly from 2011 but still not too shabby: an average of about $3,000.