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VOL. 127 | NO. 197 | Tuesday, October 9, 2012

Goldin Overturns Millington Sales 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.

Soccer Effect

Mike Rose complex at heart of sport’s growth, economic impact

Like so many good ideas, the one for the Mike Rose Soccer Complex had buy-in from several quarters.

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.

FedEx Prepares to Roll Out Changes

FedEx executives head into a two-day investors and lenders meeting Tuesday, Oct. 9, with two key constituencies watching for details of changes to FedEx Express, the oldest division of the Memphis-based corporation.

Commission Debates Schools Court Moves, Ends Redistricting Case

Shelby County Commissioners have dropped their appeal in the Chancery Court lawsuit over redistricting and ended the protracted political dispute.

Local Weather
Today
Memphis, TN
59°F
Fair
Wind: 5 mph
Humidity: 49%

EVENTS

The Memphis Center City Revenue Finance Corp. board will meet Tuesday, Oct. 9, at 9 a.m. at the board’s office, 114 N. Main St. in the Crump Building. Visit downtownmemphiscommission.com.

more events »

Workshop to Remind Leaders Cash is King

Author, business coach and strategy expert Michael Synk has a three-word phrase that he describes as the most important rule about growing a business: Growth sucks cash.

Crosstown Stakeholder Pleased With Development’s Direction

Todd Richardson gave some schemes – albeit changing ones – of the redeveloped Sears Crosstown building in Midtown Friday, Oct. 5, at Universal Commercial Real Estate’s Regional Minority Business Entrepreneur Power Breakfast.

Filings Represent Numerous Possibilities for Schools Case

All six population maps for Carroll and Gibson counties are on file. And Memphis federal court Judge Samuel “Hardy” Mays has all of the material he needs to make a critical ruling on the future of municipal school districts in Shelby County.

REAL ESTATE RECAP

MED Files $1.3 Million Permit for Improvements

877 Jefferson AveMemphis, TN 38104

LOCAL COLUMNISTS

ServiceMaster Makes Memphis Rock

Last week we wrapped up a reader-response series featuring three weeks of artful narratives describing “Why Memphis Rocks.” The series spun off our Memphis Rocks campaign, which is both a civic pride and giving back effort. Our goal is to draw more attention to the special moments that take place daily throughout the Mid-South. With that in mind, let us share a heartwarming story involving an elderly couple, SeniorBsafe and The ServiceMaster Co.

REGIONAL

Black Mississippi Officials Want Districting Lawsuit Dismissed

JACKSON, Miss. (AP) – The four black elected supervisors in Mississippi's most populated county asked a federal judge on Monday to dismiss a lawsuit accusing them of improperly using race as a consideration in redrawing voting districts.

NATIONAL BUSINESS

American Airlines: Key Revenue Number Rises

DALLAS (AP) – American Airlines parent AMR Corp. said Monday that a key revenue measure rose 4 percent in September although traffic declined as the carrier struggled with widespread flight delays and cancellations.

Oil Prices Fall After Warning From World Bank

NEW YORK (AP) – A strong warning from the World Bank that growth in Asia may slow further dragged down the price of oil Monday.

General Motors Hiring 1,500 for Computer Center Near Detroit

DETROIT (AP) – General Motors plans to hire up to 1,500 workers to staff a new computer technology center outside Detroit.

NATIONAL GOVERNMENT

US Panel: China Tech Giants Pose Security Threat

WASHINGTON (AP) – American companies should avoid sourcing network equipment from China's two leading technology firms because they pose a national security threat to the United States, the House Intelligence Committee warned Monday.

HEALTH CARE

Soda Industry: Vending Machines Will Show Calories

NEW YORK (AP) – As criticism of sugary sodas intensifies, Coke, Pepsi and Dr Pepper are rolling out new vending machines that will put calorie counts right at your fingertips.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 136 5,209
MORTGAGES 79 182 6,891
FORECLOSURE NOTICES 13 50 1,606
BUILDING PERMITS 328 328 12,307
BANKRUPTCIES 70 175 5,475
BUSINESS LICENSES 30 58 2,119
UTILITY CONNECTIONS 85 182 7,240
MARRIAGE LICENSES 19 43 1,501

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