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VOL. 127 | NO. 198 | Wednesday, October 10, 2012

FedEx Express Changes Mapped, Reaction Positive

FedEx Corp. executives fleshing out the terms of the company’s goal of a $1.7 billion improvement in annual profitability over the next three-and-a-half years Wednesday put much of the emphasis on how FedEx is changing the way it does business.

Flinn’s Challenge

‘Vigorous, aggressive campaign’ enlivens 9th Congressional race

Dr. George Flinn has been running for office for 10 years now and running in a style that continues to evolve.

Goldin Overturns Millington Tax Vote

The results of the Aug. 2 election on a Millington sales tax hike were changed Tuesday, Oct. 9, to show the tax hike for a municipal school district was approved by 12 votes instead of losing by three votes.

Smith Sets $1.7 Billion Profitability Goal For FedEx Over Three Years

FedEx Corp. has a goal of improving its annual profitability by $1.7 billion over the next three years and much of that improvement will come from cost reductions in the Memphis-based company’s Express and Services divisions.

Local Mortgage Market Up 25 Percent

Chris Low, chief economist for First Horizon National Corp.’s capital markets division FTN Financial, has been on the road in recent days.

Local Weather
Today
Memphis, TN
42°F
Cloudy
Wind: 8 mph
Humidity: 67%

EVENTS

Cannon Wright Blount will present “Getting Started With QuickBooks: Learn From the Experts” Wednesday, Oct. 10, from 9 a.m. to 11 a.m. at its office 756 Ridge Lake Blvd., suite 100. Cost is $75. Visit cannonwrightblount.com or email quickbooks@cannonwrightblount.com.

more events »

Hilton Developer Granted Closing Extension

Developers of the Downtown Memphis Hilton Hotel project were granted a one-year closing extension from the Memphis Center City Revenue Finance Corp. board Tuesday, Oct. 9.

FORCE Brings Cancer ‘Previvors’ Together

Michelle Malone of Southaven is a breast cancer “previvor.” It’s a term typically not heard often – even during October, a month designated for breast cancer awareness – and it refers to a person who carries the gene mutation for cancer but has not yet developed the disease.

Campaign Targets City’s Homelessness

For three days last week, a group of volunteers assembled Downtown before dawn at Calvary Episcopal Church and from there spread out across the county looking for the homeless.

Commission Argues Racial ‘Resegreation’ With Districts

Attorneys on all sides of the federal court case over municipal school districts are waiting for a ruling from U.S. District Court Judge Samuel “Hardy” Mays on issues involving the Tennessee Constitution.

MEMPHIS NEWSMAKERS

Levine Named President of Southern Growth Studio

Mark Levine has joined Southern Growth Studio as president. In his role, Levine leads the firm’s Strategic Analysis team and plays a key part in the company’s culture, business development and client relationship management.

LOCAL COLUMNISTS

With Advertising, Go Big or Go Home

“What happens in Vegas, stays in Vegas,” or so the slogan goes, but every time I visit Sin City I’m inspired to share how exceptionally well big brands in this congested market advertise in larger-than-life ways. Standing out from the tremendous volume of advertising clutter is the name of the game in Vegas, and marketers could learn a thing or two from this go-big-or-go-home approach.

Measure Twice, Cut Once

Ideas are a dime a dozen, indeed; the old cliché holds true. When following a formal Innovation process, it pays to measure the size of the market potential and validating the concept before investing in a build.

STATE GOVERNMENT

Deberry Defends Head of Department of Children's Services

NASHVILLE (AP) – A Democratic lawmaker who played a role in the formation of the embattled Tennessee Department of Children's Services says the agency's commissioner shouldn't be blamed for deeply rooted problems that she inherited.

Federal Judge Dismisses Former Chief's Lawsuit

JACKSON, Tenn. (AP) – A federal judge has dismissed the wrongful firing lawsuit filed by a former West Tennessee police chief.

NATIONAL BUSINESS

Economic Uncertainty Hurts Business Travel

NEW YORK (AP) – U.S. companies are continuing to cut back on employee travel plans amid uncertainty surrounding the health of the economy.

Wal-Mart Tests Same-Day Delivery for Holidays

NEW YORK (AP) – Wal-Mart is testing a same-day delivery service in select markets for customers who buy popular items online during the holiday shopping season.

Survey: Small Business Owners Growing More Pessimistic

NEW YORK (AP) – Small-business owners are growing more pessimistic. A survey released Tuesday by the National Federation of Independent Business shows that owners became more pessimistic during September as employment and sales remained weak. The NFIB’s index of owner optimism fell 0.1 point to 92.8.

Neiman Marcus Offers Hen House, Spider for Holiday

DALLAS (AP) – Luxury retailer Neiman Marcus rolled out its annual holiday catalog Tuesday, and the priciest gift this year is a pair of "his and hers" timepieces for just over $1 million from Van Cleef & Arpels.

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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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