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VOL. 127 | NO. 96 | Wednesday, May 16, 2012

Analysts Expect Big Quarter for AutoZone

Wall Street is looking for Memphis-based AutoZone Inc., the nation’s leading auto parts retailer, to report an 18 percent jump in earnings per share when the company releases details of its fiscal-year third-quarter performance next week.

Riverfront Rehab

Historic cobblestones ready to undergo $6 million restoration

As the American Queen steamboat docked Tuesday, May 15, at Beale Street Landing and left the same day for a trip to New Orleans, plans were under way for the restoration of another part of the riverfront just to the north – the cobblestones as well as a plaza and fountain at the foot of Union Avenue.

Council Votes Down Bed Tax Increase

Memphis City Council members voted down a proposed increase in the hotel-motel bed tax Tuesday, May 15, in a debate with local tourism industry leaders that focused just as much on high air fares into and out of Memphis International Airport.

UTHSC Prof. Earns $1.5M Research Grant

Dr. Gabor Tigyi of the University of Tennessee Health Science Center has received a $1.5 million grant from the National Cancer Institute, a subsidiary of the National Institutes of Health, for research to develop a new class of drugs that could control the spread of cancers by inhibiting a key enzyme involved in metastasis.

MCS Teachers Receive Report Cards

With the school year almost over, Memphis City Schools teachers have their grades from the first school year of TEM – the Teacher Effectiveness Measure system approved by the state to evaluate teacher performance.

Local Weather
Today
Memphis, TN
83°F
Partly Cloudy
Wind: 0 mph
Humidity: 49%

EVENTS

Kiwanis Club of Memphis will meet Wednesday, May 16, from noon to 1 p.m. at The Peabody hotel, 149 Union Ave. Rabbi Micah Greenstein of Temple Israel will speak. Cost for lunch is $25 for nonmembers.

more events »

Lisa Marie Presley Pays Tribute to Sun, Memphis

More than 500 fans lined up against the famous brown brick façade of Sun Studio, 706 Union Ave. Monday, May 14, to meet singer-songwriter Lisa Marie Presley, who made her historic first public appearance at the legendary recording studio that launched the career of her father, music icon Elvis Presley.

MEMPHIS NEWSMAKERS

Harris Named Payroll Specialist At New Patrick Payroll Div.

Tammy Harris has been named the payroll specialist at Patrick Payroll, a newly branded division of the certified public accounting firm Patrick Accounting and Tax Services PLLC. Patrick Payroll is housed in Patrick Accounting’s office in Germantown.

LOCAL COLUMNISTS

How to Avoid Ten Common Sales Problems

Do you know what’s preventing your sales team from consistent, exceptional performance? It most often comes down to a handful of common mistakes that preclude salespeople from realizing their full potential. Once you recognize and eliminate them, you may be surprised how rapidly you see an improvement in performance.

Plenty of Sources For Economic Progress

Something More Than Feelings A business mentor of mine would retort “cite your source” to qualify any argument I was making. A common argument today asserts that with the developed world economies fragile and global unemployment levels high, the anecdotal information suggests that global consumers live in a tent city.

REGIONAL

Gov. Bryant Names New Economic Development Chief

JACKSON, Miss. (AP) – Gov. Phil Bryant has named Florida economic developer Brent Christensen as executive director of the Mississippi Development Authority.

NATIONAL BUSINESS

Dimon Survives Votes on Pay, Chairmanship

TAMPA, Fla. (AP) – The CEO of JPMorgan Chase survived a shareholder push Tuesday to strip him of the title of chairman of the board, five days after he disclosed a $2 billion trading loss by the bank.

Facebook Raises IPO Price as Offering Nears

NEW YORK (AP) – Facebook on Tuesday increased the price range at which it plans to sell stock to the public, as investor enthusiasm in the offering continued to mount and boost the potential value of the world's most popular social network.

US Companies are Adding More Slowly to Stockpiles

WASHINGTON (AP) – U.S. companies restocked more slowly in March, a trend that has helped slow economic growth this year.

Cheaper Gas Won’t Boost Travel

Cheaper gas won’t be enough to get many more Americans on the road this summer. They’re still too worried about their jobs and the economy.

TECHNOLOGY

Poll: Half of Americans Call Facebook a Fad

Half of Americans think Facebook is a passing fad, according to the results of a new Associated Press-CNBC poll. And, in the run-up to the social network's initial public offering of stock, half of Americans also say the social network's expected asking price is too high.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 32 344 10,222
MORTGAGES 52 452 13,327
FORECLOSURE NOTICES 10 86 2,624
BUILDING PERMITS 0 783 24,307
BANKRUPTCIES 60 359 9,892
BUSINESS LICENSES 23 133 3,736
UTILITY CONNECTIONS 76 595 14,558
MARRIAGE LICENSES 23 104 3,167

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