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VOL. 127 | NO. 97 | Thursday, May 17, 2012

MEM to Offer $1M in Airline Incentives

The Memphis-Shelby County Airport Authority unveiled and approved an incentive plan Thursday, May 17, of up to $1 million to attract competing air service at Memphis International.

Matters of the Heart

Saint Francis unveils rebranded, updated Heart & Vascular Center

To reflect its comprehensive line of services, the former Cardiac Care Center at Saint Francis Hospital-Memphis has been renamed The Heart & Vascular Center.

Ritz: Districts Will See Cost Run-Ups

Shelby County Commissioner Mike Ritz said municipal school districts could cost suburban towns and cities much more in expenses and taxes than initially estimated.

MSCAA to Hire Air Service Consultant

The Memphis-Shelby County Airport Authority will hear additional details at its Thursday, May 17, board of commissioners meeting about using InterVISTAS Consulting Group to develop more affordable and robust air service at Memphis International Airport.

Bed Tax Hike Talks Turn To High Airfares

This week’s discussion by the Memphis City Council about raising the hotel-motel bed tax sprouted wings and was bound early on for the much larger and emotional topic of high airfares at Memphis International Airport.

Local Weather
Today
Memphis, TN
50°F
Partly Cloudy
Wind: 0 mph
Humidity: 86%

EVENTS

The Black Business Association of Memphis will hold a general membership meeting Thursday, May 17, at 8 a.m. at the BBA office, 555 Beale St. Contact BBA at bbamemphis.com, info@bbamemphis.com or 526-9300.

more events »

Shankman Stepping Down As Federal Public Defender

After 16 years, Stephen Shankman is leaving his post as federal public defender. He sent his notice to the U.S. Sixth Circuit Court of Appeals in Cincinnati earlier this month saying he wants to opt out of another possible appointment by the appeals court to a new four-year term.

CPA: Some Real Estate Sectors Are Recovering

Certified public accounting advisory group Dixon Hughes Goodman LLP may have eight industry practices in which it advises clients, but its real estate and manufacturing and distribution divisions are beginning to see the light at the end of the post-recession tunnel.

MEMPHIS LAW TALK

White Finds Calling In Family Law Practice

Leigh-Taylor White, an attorney with Shea Moskovitz & McGhee, didn’t always know she wanted to be a lawyer.

LOCAL COLUMNISTS

Teach Kids To Save

Ray’s Take Teaching kids the value of saving money is a tough sell. They are usually anxious to spend any cash they get, often on the first thing they see. Not only are you encouraging them to save, you also have to teach them to rein in impulse spending.

‘Hopefully’ Springs Eternal

Near the end of a short essay, “El Dorado,” published in 1881, Robert Louis Stevenson wrote, “… to travel hopefully is a better thing than to arrive ….” (Hint: The essay is not about travel at all. It’s about life.)

STATE GOVERNMENT

$4M Grant to Help State Build Insurance Exchange

NASHVILLE (AP) – Tennessee is one of six states that will share in more than $181 million in federal health care grants.

NATIONAL BUSINESS

Facebook Investors to Cash Out More Shares

NEW YORK (AP) – Insiders and early Facebook investors are taking advantage of increasing investor demand and selling more of their stock in the company's initial public offering, the company said Wednesday.

Shareholders Sue JPMorgan Over $2B Trading Loss

NEW YORK (AP) – Shareholders of JPMorgan Chase & Co. have filed two lawsuits against the nation's biggest bank, accusing it and its leaders of taking excessive risk and causing a monumental $2 billion trading loss.

US Economy Picks Up After Early Spring Slump

WASHINGTON (AP) – Maybe the U.S. economy's strength this winter wasn't just weather-related after all.

NATIONAL GOVERNMENT

Mueller Confirms Preliminary Probe of JPMorgan

WASHINGTON (AP) – FBI Director Robert Mueller said Wednesday the bureau has launched a preliminary investigation of JPMorgan Chase & Co. following a $2 billion trading loss at the bank.

Fed: Several Members Could Support Further Easing

WASHINGTON (AP) – Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.

REAL ESTATE

US Housing Starts Rose to 717,000 in April

U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 14,717
MORTGAGES 0 0 19,330
FORECLOSURE NOTICES 0 0 3,796
BUILDING PERMITS 0 0 35,330
BANKRUPTCIES 0 0 14,034
BUSINESS LICENSES 0 0 5,013
UTILITY CONNECTIONS 0 0 21,433
MARRIAGE LICENSES 0 0 4,557

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