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VOL. 127 | NO. 200 | Friday, October 12, 2012

Smith: Woes Accelerate FedEx Change

FedEx Corp. founder and CEO Fred Smith ended 10 hours of immersion for analysts and investors in changes at the Memphis-based corporation Wednesday, Oct. 10, by telling the group of 200, “I think maybe we arrived at a better strategy through the wrong process.”

Volunteer Spirit

WEVL thrives on independent streak, listener support

We volunteer. Those two words comprise this particular radio station’s independent streak and listener-supported ethos, which traces its beginning to 1976 and to the days of vinyl and reel-to-reel tapes.

Lease Brings New Breed Footprint to 3 Million Feet

New Breed Inc. is enhancing its Memphis operations with a new distribution warehouse lease in the Southeast industrial submarket.

Commercial Advisors Capital Markets to Zero In on ‘Untapped Segment’

Cushman & Wakefield/Commercial Advisors Asset Services LLC has launched a Capital Markets Group, a new service line to complement the firm’s tenant representation and third-party leasing and management businesses.

Local Weather
Today
Memphis, TN
65°F
Fair
Wind: 3 mph
Humidity: 61%

EVENTS

The Memphis/Mid-South chapter of the Federal Bar Association will present the 2012 annual federal practice seminar Friday, Oct. 12, from 8 a.m. to 4:15 p.m. at the University of Memphis Cecil C. Humphreys School of Law, 1 N. Front St. Contact Mary Morris at mmorris@bpjlaw.com or 524-5144.

more events »

MEMPHIS STANDOUT

Redbirds General Manager Weiss Named PCL Executive of the Year

Growing up outside Philadelphia, Ben Weiss rooted for the home teams – Phillies, Flyers, Eagles and 76ers. But his strongest memories aren’t of games won and lost, of home runs hit or touchdowns scored.

SPORTS

Tigers Weather Elements, Past to Give Fuente First Victory

If the first victory of the Justin Fuente Era proves to be something of a turning point for the University of Memphis football program, it will be remembered differently in the days and years ahead.

Fans Behaving Badly? We’ve Seen Worse

As a sports writer, there are certain obligations. One is to second-guess coaches at every opportunity. Since virtually no coach in the NFL or college football can manage the clock, and some basketball coaches still stubbornly refuse to foul to avoid getting beat by a 3-point shot, that one’s pretty easy.

LOCAL COLUMNISTS

Rain Dance

IT’S RAINING. SO WHAT? She’s 4. She has big hair, a whole big bunch of auburn curls. She’s my daughter’s friend. They’re laughing in another room, about to break something.

New Lessons to be Learned From Big Bird

Are you prepared for your 15 minutes of fame? Or more precisely, your nonprofit organization’s 15 minutes of fame? What if you were the Public Broadcasting System, home to Big Bird of Sesame Street fame, and a presidential candidate put you on the chopping block in front of 70 million television viewers?

STATEWIDE

Plans Canceled for Nashville Medical Trade Center

NASHVILLE (AP) – A Texas-based development company has canceled plans to convert the existing Nashville Convention Center into a new medical trade center.

STATE GOVERNMENT

Commissioner: Abuse Numbers are Wrong

NASHVILLE (AP) – Tennessee Children's Services Commissioner Kate O'Day says her department can account for every child reported to it in a severely abusive situation.

NATIONAL BUSINESS

US Trade Deficit Rose to $44.2 Billion in August

WASHINGTON (AP) – The U.S. trade deficit widened in August from July because exports fell to the lowest level in six months. The wider deficit likely dragged on already-weak economic growth.

REAL ESTATE

US Rate on 30-Year Mortgage Rises to 3.39 Percent

WASHINGTON (AP) – Average U.S. rates on fixed mortgages ticked up from record lows last week. Cheaper mortgages are fueling a modest housing recovery that could help the broader economy.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 14,804
MORTGAGES 80 80 19,410
FORECLOSURE NOTICES 22 22 3,817
BUILDING PERMITS 142 142 35,472
BANKRUPTCIES 62 62 14,096
BUSINESS LICENSES 62 62 5,053
UTILITY CONNECTIONS 99 99 21,532
MARRIAGE LICENSES 37 37 4,594

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