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VOL. 127 | NO. 100 | Tuesday, May 22, 2012

AutoZone’s Q3 Earnings Grow 18 Pct.

Memphis-based AutoZone Inc., the nation’s leading auto parts retailer, opened 33 new U.S. stores during the company’s third quarter that ended earlier this month.

In the Balance

Council to hear public comments before voting on new budget

Memphis City Council members hope to wrap up budget committee hearings Tuesday, May 22, including a public comment period Tuesday evening at City Hall.

Medtronic Earnings Up But Spinal Biz Drops

Medtronic Inc. ended its 2012 fiscal year with a strong fourth quarter, driven by continued emerging market growth and strong U.S. sales of the company’s Resolute Integrity drug-eluting stent and RestoreSensor spinal cord stimulator.

Downtown Apts. Finally Under Way

After two years and some inevitable development hurdles, Greenbrier Partners LLC’s mixed-use development at 436 S. Front St. is quickly taking shape.

TDN Seminar Examines US, World Economies

Taken separately, they’re stories with big ramifications. Countries around the world, the U.S. included, are grappling with the yin and yang of austerity vs. stimulus.

Local Weather
Today
Memphis, TN
81°F
Partly Cloudy
Wind: 7 mph
Humidity: 52%

EVENTS

The Shelby County Sheriff’s Department in conjunction with area companies and organizations will present a workplace violence prevention seminar Tuesday, May 22, from 8:30 a.m. to noon at Agricenter International, 7777 Walnut Grove Road. Cost is free.

more events »

County Commission Amends Budget, Moves Basketball Complex

Shelby County Commissioners added nearly $1 million in grants to county government’s $1.1 billion operating budget for the fiscal year that begins July 1. The commission balanced the budget Monday, May 21, over the objections of Shelby County Mayor Mark Luttrell by taking the money from the county’s $90 million reserve fund. The amount is 24 percent of the county budget total that doesn't include elected officials outside the county administration.

JA Turns Students Into Entrepreneurs

A group of Germantown High School students recently harnessed the power of entrepreneurship to make a positive impact on the lives of children thousands of miles away.

Three Local Real Estate Agents Disciplined by State

Three Memphis real estate professionals have been disciplined by the Tennessee Real Estate Commission, according to the Department of Commerce & Insurance April 2012 Disciplinary Action Report.

REAL ESTATE RECAP

$17M in Permit Applications Filed for Miller Creek Apts.

Miller Creek Apartments, Germantown, TN 38125 -
Miller Creek Residences LLC has filed more than $17 million in building permit applications with the city-county Office of Construction Code for work at Miller Creek Apartments in Germantown, to be built near the southwest corner of Winchester and Forest Hill-Irene roads.

LOCAL COLUMNISTS

National Cancer Survivors Day

Last week we discussed two upcoming opportunities to help our youth: free summer internships for high school students and a Samaritan’s Feet shoe distribution on June 8 where more than 500 kids will be given new shoes and socks. This week let us spotlight an upcoming free public celebration, National Cancer Survivors Day, along with a locally based organization that is working to encourage national awareness about ovarian cancer and to promote education about the disease: The Ovarian Cancer Awareness Foundation.

STATEWIDE

Tennessee's Dental Health Among Worst in Nation

CHATTANOOGA, Tenn. (AP) – The dental health care for Tennesseans ranks among the worst in the nation, which has sent more patients to the emergency room and caused more adults to lose teeth to decay and disease.

NATIONAL BUSINESS

Small-Biz Owners Not Excited About Crowdfunding

NEW YORK (AP) – Small-business owners aren't excited about a new law that will allow them to raise money by soliciting investors on the Internet, according to a survey made available to The Associated Press.

Forced to Fly Solo, Even on Family Vacations

NEW YORK (AP) – If you’re flying this summer, be prepared to kiss your family goodbye at the gate. Even if they’re on the same plane.

NATIONAL GOVERNMENT

CFTC Chief: Agency is Reviewing JPMorgan's Trading

WASHINGTON (AP) – The head of the Commodity Futures Trading Commission says the agency has begun an investigation into JPMorgan Chase's ill-timed bet on complex financial instruments that led to more than $2 billion in trading losses.

TECHNOLOGY

Yahoo to Sell Half of its Alibaba Stake for $7.1B

HONG KONG (AP) – Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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