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VOL. 127 | NO. 226 | Monday, November 19, 2012

Mediation in Cards for Schools Case

The silence in the municipal schools federal court case is a sign. With a gag rule in place for attorneys on all sides, there are nevertheless reports that all sides in the case that has already reshaped public education in Shelby County might get together Monday, Nov. 19, and give a mediated settlement a try.

So Long, Hostess

Texas-based company with Memphis presence moves to liquidate

Hostess Brands Inc. says it’s going out of business after striking workers across the country crippled its ability to make its Twinkies, Ding Dongs and other snacks.

Wright Medical to Buy BioMimetic for $190 Million

Medical device maker Wright Medical Group Inc. plans to buy BioMimetic Therapeutics Inc. in a $190 million cash-and-stock deal to help grow its foot and ankle business.

Magna Bank on Track for Record 2012

Several banking industry leaders who have spoken with The Daily News in recent days have said banking in Memphis is seeing a lot of institutions simply taking market share from each other, as opposed to organic growth in the marketplace.

Boyle Buys Spring Creek Ranch Acreage

Boyle Investment Co. through its subsidiary SCR Bravo Investments LLC has purchased the remaining 168 acres of land at Spring Creek Ranch in Collierville for $4.3 million.

Tuohy Shares Story at Lipscomb Pitts Event

Some stories are so powerful that they don’t seem to get old, no matter how often they’re repeated.

Countywide Board to Consider Closing 21 Schools

When countywide school board members finish their work session Tuesday, Nov. 20, the real work will begin.

SMALL BUSINESS SPOTLIGHT

Mid-South Business Makes its Mark

Mid-South Marking Systems, a one-stop shop for any business that needs to distribute and track products, continues an impressive growth trajectory.

LOCAL COLUMNISTS

Lessons of the Popcorn Experiment

“For anything to change, someone has to start acting differently.” I ran across that statement a couple of years ago in a book titled “Switch, How to Change Things When Change is Hard” by Chip and Dan Heath. I love such simple, clarifying statements.

THE MEMPHIS NEWS

Training Day

As manufacturing comes back, focus shifts to properly preparing workers

The pursuit of economic development comes with code names, secrecy and mysterious visitors.

Training Workers Preps City for More Projects

The work doesn’t end once economic development prospects sign on the dotted line.

REGIONAL

Arkansas Governor Still Looking at State-Run Exchange

LITTLE ROCK, Ark. (AP) – Gov. Mike Beebe is leaving open the possibility that Arkansas may run its own insurance exchange under the nation's new health care law after initially saying the state would seek a partnership with the federal government, a spokesman said Friday.

NATIONAL BUSINESS

Nucor Says Chief Operating Officer Ferriola to Take Over as CEO

CHARLOTTE, N.C. (AP) – Steel producer Nucor Corp. said Friday that President and Chief Operating Officer John Ferriola will be promoted to CEO on Jan. 1.

Sandy, Budget Worries Hold Back US Factory Output

WASHINGTON (AP) – U.S. factory production of machinery and equipment fell sharply last month, held back by temporary disruptions caused by Superstorm Sandy and companies' fears that a federal budget crisis could trigger a recession next year.

NATIONAL GOVERNMENT

Environmental Protection Agency Denies States' Request for Ethanol Waiver

WASHINGTON (AP) – The Environmental Protection Agency has denied requests from several governors to waive production requirements for corn-based ethanol.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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