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VOL. 127 | NO. 228 | Wednesday, November 21, 2012

First Horizon Gets Buyout Takers

First Tennessee Bank’s parent company is not yet in a position to report how many of its employees have accepted or will be accepting a voluntary buyout package the company offered last month to about 400 employees.

Serving Memphis

Organization connects hospitality industry with healthy lifestyle tools

The hospitality industry is the nation’s largest private sector employer, yet many in its workforce do not have access to affordable and consistent health care, education opportunities or financial mentoring.

School Board Delays Vote On School Closings

Countywide school board members put off a vote Tuesday, Nov. 20, on a recommendation to close 21 schools in northwest and southwest Memphis.

Medtronic Quarterly Earnings Remain Flat

Medtronic Inc., the world’s largest medical device maker, on Tuesday, Nov. 20, announced overall net income of $902 million, or $0.88 per share, for its second quarter of fiscal year 2013, which ended Oct. 26.

Jones Center Fulfills Dream at First Assembly Christian School

If the walls could talk in the log cabin on the campus of First Assembly Christian School in Cordova, they might tell stories of home life in 1836 or of the visiting missionaries who used to stay there.

Local Weather
Today
Memphis, TN
79°F
Cloudy
Wind: 6 mph
Humidity: 47%

EVENTS

Talk Shoppe will hold an open microphone discussion, “Hot Topics in Your Industry,” Wednesday, Nov. 21, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Ave. Cost is free. Visit talkshoppe.biz.

more events »

Let’s CHANGE Summit Tackles Obesity Epidemic

Healthy Memphis Common Table continued with its mission to improve the health of people in the Memphis area by confronting the area’s obesity crisis at its recent Let’s CHANGE Summit.

MEMPHIS NEWSMAKERS

Scharff Elected to Legal Roles at Buckman, Bulab Holdings

Jonathan Scharff has been elected vice president, legal and general counsel for Buckman and corporate secretary for Bulab Holdings Inc., Buckman’s parent company. Scharff has more than 22 years’ experience in the legal industry, including positions at Greensfelder, Hemker & Gale PC in St. Louis and Harris Shelton Hanover Walsh PLLC in Memphis. In his new position, he will oversee legal needs in U.S. and global operating companies and work with associates in preventing and managing legal risks.

LOCAL COLUMNISTS

Social Media Blunders of the Year

With social media networks flying past some once unthinkable records, including surpassing 1 billion users across all major platforms, it’s not surprising that we’ve witnessed some significant brand blunders as users figure out how to properly utilize these tools.

Creativity Redefined for Innovation

The words “creative” and “creativity” have been hi-jacked by the world of advertising. The word means something specific to those familiar to Mad Men or Thirtysomething advertising stereotypes. In these cases – and the cases of classic advertising – creativity was visual, copy or positioning cleverness applied at the end of the new product process, when it was time to market downstream.

MEMPHIS AREA

Fred’s Third-Quarter Profit Drops as Sales Trends Worsen

Memphis-based discount store and pharmacy operator Fred’s third-quarter net income declined 27 percent as sales in its established stores dropped and its costs rose.

NATIONAL BUSINESS

Twinkies Maker Hostess Lives at Least Another Day

WHITE PLAINS, N.Y. (AP) – Twinkies will live to see another day.

Best Buy Reports Third-Quarter Loss

NEW YORK (AP) Struggling Best Buy Co. reported another dismal quarter on Tuesday, recording a third quarter loss and continued sales slump just as the crucial holiday season revs up.

Lowe's Third-Quarter Net Income Climbs on Fewer Charges

NEW YORK (AP) – Lowe's Cos. reports its third-quarter net income surged 76 percent, helped by lower costs and higher revenue, as the company's efforts to revamp its merchandise and prices appeared to be gaining traction.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 218 10,440
MORTGAGES 91 293 13,620
FORECLOSURE NOTICES 25 68 2,712
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 62 184 10,076
BUSINESS LICENSES 25 62 3,798
UTILITY CONNECTIONS 90 338 14,895
MARRIAGE LICENSES 10 68 3,235

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