VOL. 127 | NO. 94 | Monday, May 14, 2012
While new-home sales remain low, average new-home sales prices are increasing, along with the number of permits and permit amounts.
Nation’s government, business leaders share story with Memphis
Tourism is big business, but there are concerns about infrastructure.
The pain flashed in the redness of Marc Gasol’s eyes. The hurt was evident in the pauses and head shaking of Zach Randolph.
If the city of Memphis has one more fiscal year of funding Memphis City Schools, it could be one-time-only funding instead of raising the city property tax rate.
Brad Bodine, who heads the credit products group for Cortview Capital Securities LLC, says growth in Memphis “is an important strategy” for the firm, which has been on a hiring streak around the country lately.
Long before Andy Cates established RVC Outdoor Destinations in 2007, he solidified his commercial real estate background at Trammel Crow Co.
SMALL BUSINESS SPOTLIGHT
Since its establishment 25 years ago, The Barnett Group has grown to provide benefits for more than 54,000 individuals and has affiliations with more than 50 insurance carriers and third-party administrators, enabling the company to offer clients a broad array of benefit plans.
LOCAL COLUMNISTS
When Johnny Pawn (not his real name) was very little, his parents made decisions for him. Since Johnny was just a baby at the time, this was a good thing. They were good-hearted, caring people and only wanted the best for him.
Is your business haunted by the blinding ghosts that worked in another era? The wealthiest man in Japan, Tadashi Yanai, has a business plan that looks 300 years into the future, but allows for annual updates as a matter of course. To date, he’s worth more than $6 billion.
THE MEMPHIS NEWS
Real estate investors buying Memphis homes at rapid rate
Investor Warren Buffett admitted in his annual letter to shareholders recently that he was “dead wrong” in his early 2011 prediction that the housing market would have begun recovery by now.
When U.S. Justice Department attorneys came to Memphis in 2010 and 2011 with a team of juvenile justice experts, they had good news and bad news for leaders of Memphis-Shelby County Juvenile Court.
You have probably heard the phrase “going forward” used a lot. And the temptation is great to use it again in the case of the recent report on Memphis-Shelby County Juvenile Court by the Civil Rights Division of the U.S. Justice Department.
Visual arts frequently recycle junk into amazing works, but these days even dance can go green.
NATIONAL BUSINESS
WASHINGTON (AP) – A surprise $2 billion trading loss by a division of JPMorgan Chase triggered calls Friday for tougher regulation of banks three years after their near-death experience in the financial crisis.
Shares of Express Scripts are climbing after the pharmacy benefits manger reported prescription growth in its first quarter since splitting with drugstore chain Walgreen.
HEALTH CARE
WASHINGTON (AP) – The Food and Drug Administration is considering approval of the first over-the-counter HIV test that would allow consumers to quickly test themselves for the virus at home, without medical supervision.
TECHNOLOGY
NEW YORK (AP) – Facebook is updating its data use policy in an attempt to give users more clarity on how the information they share is used by the company. The move comes a week ahead of its expected initial public offering of stock.