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VOL. 127 | NO. 201 | Monday, October 15, 2012
HEALTH CARE SPECIAL EMPHASIS

Stories of Hope

Legacy Beads chronicle every step of the journey for St. Jude patients

Sometimes words are not enough to tell the story of St. Jude Children’s Research Hospital patient Ethan Washburn’s nearly three-year battle with Acute Lymphoblastic Leukemia.

Excise Tax Looms for Local Device Companies

A new excise tax will be levied on medical devices beginning Jan. 1, and the impact will be significant for medical device companies with a Memphis presence.

Businesses React to Affordable Care Act Mandate

With increased health care costs on its horizon, Orlando, Fla.-based Darden Restaurants Inc. recently made national headlines when it dodged Affordable Care Act requirements by cutting back on its full-time employee hours.

Robinson Brings ‘Even Keel’ to Role at Methodist South

For a newly appointed CEO responsible for managing a nationally acclaimed hospital, James “Jay” Robinson III seems surprisingly laid-back.

Local Weather
Today
Memphis, TN
54°F
Partly Cloudy
Wind: 0 mph
Humidity: 86%

EVENTS

The Orpheum Theatre will hold an online auction featuring memorabilia from President and CEO Pat Halloran’s 32 years with the organization Monday, Oct. 15, through Friday, Oct. 19, at orpheum-memphis.com. Proceeds benefit the capital campaign for the Orpheum’s Performing Arts Education & Leadership Centre. Visit the website for a list of available items.

more events »

Homes Sales Jump 17 Percent

Shelby County home sales in the third quarter increased 17 percent compared to the third quarter last year, and local professionals say there’s a feeling of optimism among buyers and those in the business.

Triumph Bank Turns in Another Profit

It’s hiring, making plenty of new loans, growing its pool of assets, opening new offices – and enjoying a now long-unbroken run in profitability.

Momentum Builds as Money to Fight Northaven Blight Arrives

When Shelby County Mayor Mark Luttrell announced in Northaven a week ago a $600,000 effort to fight blight in three parts of unincorporated Shelby, he got a lot of questions about the exact terms for home improvements – half of the funding.

SMALL BUSINESS SPOTLIGHT

Integrity Oncology Adapts to Rapidly Changing Industry

Integrity Oncology PLLC continues to evolve within an ever-changing health care landscape.

LOCAL COLUMNISTS

Establishing Orderly Chaos

Have you ever accidentally, or perhaps purposely, kicked the top off an anthill? If you have, you have some idea of what it would look like if you could visit New York City and somehow magically lift Madison Square Garden and observe what’s going on below it.

THE MEMPHIS NEWS

Political Outsourcing

In a non-swing state, campaign supporters take fight, resources elsewhere

It has been 12 years since Shelby County voters have encountered a Democratic or Republican presidential nominee on the general election ballot who had some kind of political presence in the region, if not the city, before they made their bid for president.

Don’t Let Political Reality Keep You From the Polls

So the state-by-state presidential campaign math comes out to Tennessee not mattering. And we are a big blue dot in a red state here in Shelby County.

NATIONAL BUSINESS

More Retailers Object to Credit Card Settlement

NEW YORK (AP) – A group of retailers and trade groups has launched a last-ditch effort to stop a settlement worth at least $6 billion that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee fixing.

JPMorgan Turns in Record Profit, Higher Revenue

NEW YORK (AP) – JPMorgan Chase, the country's biggest bank, reported a record quarterly profit Friday, helped by a surge in mortgage refinancing. CEO Jamie Dimon said he believed the housing market "has turned a corner."

Wells Fargo Earnings Rise as Loan Book Grows

Wells Fargo posted record earnings in the third quarter as the bank increased mortgage lending and pocketed more fees.

NATIONAL GOVERNMENT

Federal Deficit Tops $1 Trillion for Fourth Year

WASHINGTON (AP) – The federal budget deficit has topped $1 trillion for a fourth straight year. But a modest improvement in economic growth helped narrow the gap by $207 billion compared with last year.

HEALTH CARE

FDA Regulation of Pharmacies has Knotty History

WASHINGTON (AP) – The deadly meningitis outbreak linked to contaminated pain injections has prompted calls for tighter federal regulation of compounding pharmacies, which have periodically been blamed for crippling and sometimes fatal injuries. But this isn't the first time Congress has pushed for more authority over the industry.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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