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VOL. 127 | NO. 62 | Thursday, March 29, 2012

McKesson VP: Slowness Cost Memphis

When McKesson Pharmaceutical Co. went looking for another redistribution center, it wanted 70 acres of land for what wound up being a $135 million investment, the largest capital investment made in the history of the health care software, automation and services company.

Pas de Deux

Ballet Memphis program empowers city’s underserved youth

Ballet Memphis is using the city’s community centers as a vehicle to expose children to the arts while empowering them to make healthy lifestyle choices.

EEOC Accuses AutoZone of Disability Discrimination

MILWAUKEE (AP) – A federal agency is accusing auto-parts retailer AutoZone Inc. of illegally firing an employee because of her disability.

Best Buy to Cut Costs and Close Stores

MINNEAPOLIS (AP) Best Buy Co. said it plans to close 50 U.S. big box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. The news came Thursday as the biggest U.S. specialty electronics retailer posted a fiscal fourth quarter loss partly due to restructuring charges.

Circuit, Chancery Make Move to Paperless

The day-to-day business of Shelby County’s Circuit and Chancery courts is on the way to going paperless after more than 150 years of ink on paper.

Local Weather
Today
Memphis, TN
56°F
Fair
Wind: 8 mph
Humidity: 69%

EVENTS

The Sales and Marketing Society of the Mid-South will hold a roundtable breakfast meeting with Nathan P. Walters of Marsh USA Inc. Thursday, March 29, from 7:30 a.m. to 8:30 a.m. at Panera Bread in Laurelwood Shopping Center, 4530 Poplar Ave., suite 101. He will speak on “A Plan to Define, Design and Implement a Prospecting Strategy.” Visit www.sms-midsouth.org to register.

more events »

Municipal School District Bill Moves In Nashville

A bill in the Tennessee legislature to lift the statewide ban on creating municipal school districts is moving as the legislative session nears an end.

Investment Firm Gets All Clear From SEC

Despite getting a formal alert from the U.S. Securities and Exchange Commission in 2009 that the federal agency might bring a civil enforcement action against the firm, Memphis-based investment firm Consulting Services Group has now been told by an SEC regional office that no such action will be coming.

Attorneys Warn Against Workplace Political Talk

Memphis attorney Jeff Weintraub was involved in a case recently that involved an employee who took offense at some political comments her employer made.

Deadline Looms for Complex Aug. Elections

The August elections were already going to be more complex than usual. There are the changes from this year’s drawing of new district lines for the Tennessee Legislature and the U.S. House of Representatives.

CREW Leader: Women in RE Still Face Challenges

While women have made significant strides and hold positions of significant responsibility in the business world – including in the commercial real estate industry – they are stuck.

MEMPHIS LAW TALK

Liddon Solves Problems for Relocating Companies

When Robert Liddon began as a clerk at Heiskell Donelson after his second year in law school in 1974, there were about 25 attorneys.

LOCAL COLUMNISTS

Mortgage Free is Not Home Free

Ray’s Take Every homeowner looks forward to the day the mortgage is paid and the family home is owned, free and clear. Mortgage-burning parties are a right of passage. However, that’s not the end of home-related expenses. It is important to do the math before you absorb the amount of that monthly note back into your lifestyle.

Spring Brings Viewer Mail

The Beatles sang, “It’s been a long, cold, lonely winter,” but that is not what we’ve had here in the Natural State. It’s been warm and anything but lonely. Lots of viewer mail makes me a happy columnist.

STATE GOVERNMENT

Tenn. House OKs Expansion of Business Cash Grants

NASHVILLE (AP) – House Republicans insist their vote Wednesday for a plan to expand the scope of a state economic development inventive program does not conflict with their mantra that government can't create jobs.

IRS Encourages Taxpayers Not to Wait to File

NASHVILLE (AP) – The Internal Revenue Service has reminded taxpayers who owe taxes that it's not necessary to wait until the last minute to file.

NATIONAL BUSINESS

Express Scripts May Close Medco Deal Next Week

Pharmacy benefits manager Express Scripts says it may close its $29.1 billion acquisition of Medco Health Solutions as soon as next week.

REAL ESTATE

Regions Bank Sets $1B Goal for Homeowner Relief

BIRMINGHAM, Ala. (AP) Regions Bank said Wednesday that it has set a goal of providing $1 billion in relief to homeowners this year under a federal program.

HEALTH CARE

Court Takes Health Care Case Behind Closed Doors

WASHINGTON (AP) – The survival of President Barack Obama's health care overhaul rests with a Supreme Court seemingly split over ideology and, more particularly, in the hands of two Republican-appointed justices.

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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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