VOL. 127 | NO. 96 | Wednesday, May 16, 2012
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.
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.
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.
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.
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.
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
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
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.
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
JACKSON, Miss. (AP) – Gov. Phil Bryant has named Florida economic developer Brent Christensen as executive director of the Mississippi Development Authority.
NATIONAL BUSINESS
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.
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.
WASHINGTON (AP) – U.S. companies restocked more slowly in March, a trend that has helped slow economic growth this year.
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
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.