VOL. 127 | NO. 208 | Wednesday, October 24, 2012
NEW YORK (AP) — Delta Air Lines said Wednesday that its third-quarter profit nearly doubled mostly due to the increasing value of its fuel contracts.
Renovations set to begin at National Civil Rights Museum
Their annual Freedom Awards and public forum now complete for another year, leaders of the National Civil Rights Museum prepare next month for construction on the 21-year-old museum that chronicles the civil rights movement.
Hundreds of thousands of veterans will be coming home in the near future, as the U.S. downsizes its presence in the Middle East.
Countywide school board members debated Tuesday, Oct. 23, the idea of backing a half cent countywide sales tax hike.
The first Shelby County government financing of the soon to be merged public school system approved Monday, Oct. 22, was about $1 million less than expected. And it drew the support of Shelby County Commissioners opposed to the consolidation of Shelby County’s two public school systems.
Pink is prevalent during the month of October, but don’t let its playful, flirtatious demeanor mislead you. The thousands of Mid-Southerners who will be wearing it this weekend are strong, resilient and determined. And they are waging a fierce battle against breast cancer.
In Sullivan Branding’s new digs in the Toyota Center, matted images depicting what inspires each employee adorn the walls.
Songwriter, producer, hit-making machine and Memphis native David Porter is moving into the Falls Building Downtown in a few weeks to launch a national music mentorship venture.
MEMPHIS NEWSMAKERS
David Palmer has joined Cannon Wright Blount certified public accounting firm as director of assurance and accounting services. Palmer’s specialties include audit and profit-sharing plans in the nonprofit, health care, government and construction industries.
LOCAL COLUMNISTS
Virtual scrapbooking site Pinterest is a force to be reckoned with. That’s why brands nationwide will integrate Pinterest campaigns into their promotional strategies this holiday season. This 2-year-old social media phenom has already attracted roughly 20 million users, making it the third-most popular social network in the U.S.
Congratulations on getting to the proposal stage. You’ll have good odds now. As a general proposal outline, try the following:
The 10-year Treasury bond, which historically yields 5 percent, yields 1.75 percent today. At these levels, the risk/reward features of low yielding bonds and higher yielding stocks favors stock dividends over bond interest payments. However, with dividend yields in hot pursuit, investors have driven valuations higher for U.S. dividend payers. In fact, high yielding U.S. stocks now carry higher valuations than the market on average, far above their normal 20 percent discount. This is the highest valuation premium they have commanded since the 1950s. This does not foretell an immediate valuation collapse, but it does beg the question, are there better alternatives?
STATEWIDE
NASHVILLE, Tenn. (AP) — State officials say church-sponsored child-care programs such as parents' day out, must either obtain licenses or limit their programs to no more than two days a week.
NASHVILLE, Tenn. (AP) — Gov. Bill Haslam said meetings with three credit agencies this week went well and he is optimistic about the outcomes.
NATIONAL BUSINESS
NEW YORK (AP) — Nobody was expecting this round of corporate earnings reports to be great. But companies' underwhelming results are still rattling investors.
NEW YORK (AP) — UPS says online shoppers are propping up its business in a tough global economy.
NEW YORK (AP) — U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer.
BIRMINGHAM, Ala. (AP) — Regions Financial Corp. on Tuesday posted sharply higher third-quarter earnings, as the regional bank set aside less cash to cover loan losses. But its shares fell sharply in morning trading after the results showed record-low interest rates cut into interest income from loan and deposits.
WASHINGTON (AP) — Six weeks ago, the Federal Reserve unveiled its latest plan to invigorate the U.S. economy. This week, the Fed will likely send a simple message:
NEW YORK (AP) — Shares of SunTrust Banks continued to fall on Tuesday, after the regional bank posted higher third-quarter expenses amid low interest rates.