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VOL. 127 | NO. 199 | Thursday, October 11, 2012

FedEx Maps Out Changes for Express

FedEx Corp. executives detailing 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, Oct. 10, put much of the emphasis on how FedEx is changing the way it does business.

River Walk Rehab

A look back at 30 years of the Mississippi River replica on Mud Island

What is 2,000 feet long, 30 years old, has 20 cities and can carry a leaf from Cairo, Ill., to the Gulf of Mexico in 40 minutes?

Dispute Arises Over School Board Race

The Shelby County Election Commission has identified 837 disputed votes in the Aug. 2 election for the District 4 countywide school board seat.

University of Memphis Law School Makes Hires

New faces are becoming a familiar part of the University of Memphis Cecil C. Humphreys School of Law.

Early Results: Vesta Exceeds Expectations

Don Glays, executive director of the Memphis Area Home Builders Association, has three words to describe how the past few days of the Vesta Home Show have performed:

Local Weather
Today
Memphis, TN
81°F
Partly Cloudy
Wind: 12 mph
Humidity: 42%

EVENTS

The Women’s Council of Realtors Memphis chapter will meet Thursday, Oct. 11, from 11:30 a.m. to 1 p.m. at DoubleTree Memphis hotel, 185 Union Ave. Cost is $18. R.S.V.P. to Lauren Criswell at lauren.criswell@crye-leike.com or 260-4780.

more events »

Medtronic Unveils New Cervical Disc Tools

Medtronic Inc. has announced the launch of the commercial introduction of a new set of surgical instruments used for the treatment of single-level cervical disc disease, one of the most common diagnoses for chronic neck and arm pain.

Police Director Looks to Reorganization

Memphis Police Director Toney Armstrong has plans to reorganize the department at the start of 2013.

Neely’s Has Plans to Revamp Jefferson Store

Pat and Gina Neely, Memphis barbecue entrepreneurs and celebrity chef couple from “Down Home with the Neelys” on the Food Network, have closed the two Memphis Neely’s Bar-B-Que restaurants, FedExForum concessions and catering business.

MEMPHIS LAW TALK

McNabb Turns Past of Adjectives to Legal World of Nouns, Verbs

If not for a burst of pragmatism, Leland McNabb of McNabb Bragorgos & Burgess PLLC, may have become a successful poet instead of a successful litigator.

LOCAL COLUMNISTS

The Great Big Empty Bandwagon

Year-to-date the MSCI World index has climbed 15 percent. The Dow Jones Industrial Average has climbed within 5 percent of its all-time high. The S&P 500 has returned 14.9 percent annualized over the last three years. Corporate earnings have reached a record high. Has any of this inspired investors?

Are You Recession Proof?

Ray’s Take People make all kinds of predictions about the economy and someone is bound to be right, for good or for bad. If those predicting another recession actually get it right, are you prepared to ride it out?

Three More From the Record

After printing those letters last week, how can I not come back this week with more stuff from the Record? How can I not?!

STATE GOVERNMENT

Tennessee Regulator Calls Fracking Opposition 'Stupid'

NASHVILLE (AP) – Handwritten notes from the state worker who supervises Tennessee's regulation of oil and gas production derided opponents of the hydraulic fracturing method of gas drilling as "stupid."

NATIONAL BUSINESS

US Job Openings Dipped in August From July

WASHINGTON (AP) – U.S. employers advertised slightly fewer jobs in August than July, while they filled the most positions in three months, offering a mixed signal on the job market.

Wal-Mart to Accelerate Small-Store Growth

NEW YORK (AP) – Wal-Mart is accelerating the expansion of small stores, particularly its Neighborhood Market stores, as it looks to compete with a variety of rivals from dollar stores to drug chains.

Counterfeit Air Bags Called ‘Extreme Safety Risk’

WASHINGTON (AP) – Thousands of motorists may be driving cars and trucks installed with dangerous counterfeit bags and they should have them replaced at their own expense, the Obama administration warned Wednesday.

NATIONAL GOVERNMENT

Fed: Housing Lifts Growth in Most US Regions

WASHINGTON (AP) – Stronger housing markets helped boost economic growth at the end of the summer in nearly every region of the United States, according to a Federal Reserve survey released Wednesday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 146 10,368
MORTGAGES 95 202 13,529
FORECLOSURE NOTICES 19 43 2,687
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 62 122 10,014
BUSINESS LICENSES 21 37 3,773
UTILITY CONNECTIONS 99 248 14,805
MARRIAGE LICENSES 27 58 3,225

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