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VOL. 127 | NO. 93 | Friday, May 11, 2012

Poag, N.Y. Investor Buy The Avenue

The Avenue Collierville – the largest lifestyle center in the Memphis metropolitan area at Houston Levee Road and Bill Morris Parkway – has been bought by an affiliate of Memphis-based Poag Lifestyle Centers.

Safe Haven

Family Safety Center combines all services under one Midtown roof

Victims of domestic violence in need of help will now find navigating the system much easier, thanks to the new Family Safety Center of Memphis and Shelby County.

Essex Signs Two Leases For Discount Store Locales

A Nashville-based discount retailer has entered the Memphis market in full force, inking two leases totaling 77,301 square feet.

Teacher Surplusing Would Go In Schools Merger Recommendation

The schools consolidation planning commission is weighing a set of recommendations for teacher hiring, retention and evaluation that would do away with the practice of surplusing teachers.

Building Owner’s Lawyer Disputes Delay Claims

The attorney for the owners of the building at 118 Madison Ave. facing demolition said Wednesday, May 9, his client is waiting on a city plan for the demolition and is not intentionally trying to delay a resolution that would bring down the barricades blocking a sidewalk and part of the street.

Local Weather
Today
Memphis, TN
58°F
Fair
Wind: 0 mph
Humidity: 81%

EVENTS

The 54th Annual Greek Food Festival will be held Friday, May 11, and Saturday, May 12, from 11 a.m. to 10 p.m. at Annunciation Greek Orthodox Church, 573 N. Highland St. Visit memphisgreekfestival.com.

more events »

ServiceMaster Registers ‘Strong Start’ To 2012

The ServiceMaster Co. reported first quarter results Thursday, May 10, that showed its operating income more than doubled from the first quarter of 2011.

FedEx Ground Examines Shipping Cost Problems

Dave Rebholz hasn’t been to a shopping mall in a long time and he likes Shoes by Zappo, the e-commerce shoe site.

MEMPHIS STANDOUT

Townsend Links Businesses With Economic Resources

When it comes to economic development, the administration of Tennesee Gov. Bill Haslam is working hard to convince new businesses to set up shop in the state.

SPORTS

Box Scores Reveal Grizzlies’ Strengths

Two box scores. In one, right there in black and white, is the proof that the Memphis Grizzlies hit 11-of-16 three-point shots (68.8 percent). In the other is the evidence of an 0-for-6 night from three-point range, which even a math-challenged sports writer can figure out is 00.0 percent.

Grizz Get Back To Formula That Worked All Year

Tony Allen has a way of getting to the heart of things. “We went through our All-Star Marc Gasol,” Allen said after the Grizzlies won Game 5 of their playoff series with the Los Angeles Clippers, 92-80, at FedExForum, Gasol scoring 23 points. “He was big for us.”

LOCAL COLUMNISTS

Learning From Wrecks

SPEAKING OF EDUCATION, WE DON’T LEARN. The weight of his robes bearing down, the certain confusion and probable chaos resulting from his next words, the U.S. District judge in Memphis adjusted his glasses, took a deep breath, and changed public education in his hometown forever.

No News Is Good News?

Is your nonprofit organization getting the media attention it deserves? Do you ask, in frustration, “Why do we even bother creating press releases if no one covers our events?” You are not alone. We can’t promise a cure, but we can help you develop stronger relationships with appropriate media.

NATIONAL BUSINESS

Unemployment Apps Decline

WASHINGTON (AP) – The number of people applying for U.S. unemployment benefits ticked down last week following a sharp drop the previous week.

US Trade Gap Widens at Fastest Pace in 10 Months

WASHINGTON (AP) – The U.S. trade deficit rose in March at the fastest rate in 10 months. A rise in consumer goods lifted imports to a record level, outpacing a solid gain in U.S. exports.

Pump Prices Drop 5 Percent Since April

NEW YORK (AP) – Gasoline prices have dropped 5 percent since peaking last month.

US Phone Subscribers Hang Up on Contracts

NEW ORLEANS (AP) – U.S. consumers have had their fill of expensive, contract-based phone plans.

NATIONAL GOVERNMENT

FDIC Head Outlines Strategy for Seizing Banks

WASHINGTON (AP) – Regulators plan to employ a strategy for handling big failing banks that would help stabilize the financial system by preserving the banks' healthy operations, the head of the Federal Deposit Insurance Corp. says.

Obama to Require Regular Reviews of Federal Rules

WASHINGTON (AP) – The Obama administration is changing or eliminating a handful of regulations – from uniform street sign requirements to outdated hospital reporting rules – that it says could have cost the economy $6 billion over five years, part of a regulatory overhaul that will require agencies to periodically scrub their rule books in search of unnecessary mandates.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 14,804
MORTGAGES 80 80 19,410
FORECLOSURE NOTICES 22 22 3,817
BUILDING PERMITS 142 142 35,472
BANKRUPTCIES 62 62 14,096
BUSINESS LICENSES 62 62 5,053
UTILITY CONNECTIONS 99 99 21,532
MARRIAGE LICENSES 37 37 4,594

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