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VOL. 127 | NO. 234 | Friday, November 30, 2012

Entrepreneurial Efforts Multiply Locally

The building blocks keep snapping into place for what’s becoming a solid foundation for Memphis’ entrepreneurial and startup communities.

River Business

Downtown Memphis seeing more cruise business

From Thanksgiving through the first full week in December, four overnight cruise boats will have docked at the Memphis riverfront.

School Board Starts Process on School Closings-Transformations

Countywide school board members voted Thursday, Nov. 29, to begin the process of considering the closing of four elementary schools in western Memphis and the conversion of two other inner city schools in what amounts to a move to compete with the Achievement School District.

I-Bank Grows in Namesake East Memphis Office Tower

Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.

Road Project Will Enhance Local Logistics Assets

Construction is barreling forward on the Paul Lowry Road project, which will provide better access to the Frank C. Pidgeon Industrial Park south of Downtown.

Local Weather
Today
Memphis, TN
82°F
Partly Cloudy
Wind: 5 mph
Humidity: 41%

EVENTS

Downtown Memphis Commission will unveil Memphis’ first marker on the Highway 61 Blues Trail Friday, Nov. 30, at 1 p.m. at Third Street and Gayoso Avenue. Visit downtownmemphis.com.

more events »

MEMPHIS STANDOUT

Providing Better Service Leads Stamps to Open Heart Practice

Dr. Kevin J. Stamps opened the doors to his new practice, Memphis Pediatric Heart PLLC, two months ago, and his decision to form his own private clinic, as opposed to following the trend of aligning with a hospital group, boiled down to two major factors.

SPORTS

Grizz Nation Grows With Every Convincing Victory

Joe McDuffie was just another fan in a Kobe jersey, glancing around FedExForum and pointing out patches of purple and gold.

A Sports Writer’s Lament Over Losing

I’ve closed my home office to University of Memphis athletics director Tom Bowen, coach Josh Pastner, and the entire Tiger basketball team.

LOCAL COLUMNISTS

Mrs. Olds: Fire Lighter

TEACHERS, NOT SCHOOLS, TEACH. If you’re wondering how many pieces of notebook paper it takes to produce a truly impressive spitball, it’s 10, give or take.

The Year End is Upon Us

Part one of a two-part series on year-end fundraising. Just in case you don’t know, the year-end is upon us. Christmas. Hanukkah. New Year’s Eve. This is also the time nonprofits roll out “year end” fundraising campaigns. Many started a few days before Thanksgiving. Or earlier.

NATIONAL BUSINESS

Twinkies Maker Hostess has Plenty of Suitors

NEW YORK (AP) – The future of Twinkies is virtually assured.

Applications for US Jobless Aid Fall to 393,000

WASHINGTON (AP) – The number of Americans seeking unemployment benefits fell 23,000 to a seasonally adjusted 393,000 last week. It was the second straight drop after Superstorm Sandy had driven applications much higher earlier this month.

US Economy Grew at 2.7 Percent Rate in Summer

WASHINGTON (AP) – The U.S. economy grew at a 2.7 percent annual rate from July through September, much faster than first thought. The strength is expected to fade in the final months of the year because of the impact of Superstorm Sandy and uncertainty about looming tax increases and government spending cuts.

Retailers Report Weak Sales Gains for November

NEW YORK (AP) – Black Friday was no match for Sandy.

Dollar Stores Get Spruced Up; Deals Less Clear Cut

NEW YORK (AP) – Ducking into a dollar store to pick up some a soda and bag of cookies might save you time and effort, but will you save any money?

REAL ESTATE

US Pending Home Sales Jump to Nearly 6-Year High

WASHINGTON (AP) – An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made home buying more attractive.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 218 10,440
MORTGAGES 91 293 13,620
FORECLOSURE NOTICES 3 46 2,690
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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