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VOL. 127 | NO. 180 | Friday, September 14, 2012

New Plants Point to Infrastructure Needs

Greater Memphis Chamber leader Dexter Muller is fond of recounting how hard it was to sell the Frank C. Pidgeon Industrial Park to site consultants for manufacturing companies.

Starting Up

New businesses find mentorship, funding and more in new accelerator

Shawn Flynn and Ryan Ramkhelawan have, both literally and figuratively, come a long way in a few months.

Pinnacle Starts Process To Force New Union Pacts

Memphis-based Pinnacle Airlines Corp. has asked a federal bankruptcy court judge in New York to throw out its contracts with unions representing pilots and flight attendants as the regional air carrier continues to negotiate for wage concessions and other similar measures.

Ad Hoc Group Recommends National Search for Schools Merger Leader

A committee of countywide school board members and community leaders is recommending that the school board hire a search firm and conduct a national search for the superintendent of the merged school system.

Kroger Buys Union Space for Expansion

Kroger has acquired the Belvedere Apartments in Midtown as part of a long-term project to reconfigure the grocery store’s antiquated and challenged layout.

Local Weather
Today
Memphis, TN
64°F
Fair
Wind: 7 mph
Humidity: 63%

EVENTS

Families of Incarcerated Individuals Inc. will hold its small-business startup fair for ex-offenders Friday, Sept. 14, at 11 a.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. Visit familiesofincarcerated.org.

more events »

Free People Set to Open in Saddle Creek

Free People, a high-end women’s retailer of apparel and other items, will open at The Shops of Saddle Creek in Germantown on Friday, Sept. 14.

Herenton’s Hands to be ‘All Over’ Charter School Project

A memorandum of understanding is still to come. And there are the details of curriculum not to mention funding and a budget.

Event Pushes Entrepreneurs to Seek Corporate Dollars

Only 2 percent of women-owned businesses break the $1 million mark in revenue, and of those that do, 56 percent of their sales come from corporate clients.

MEMPHIS STANDOUT

Terry Dedicates Career to Betterment of Community

Memphis native Laura Terry, development officer at The MED Foundation, has dedicated her career to bettering the community by working in the Bluff City’s nonprofit sector – something she attributes to her parents’ influence.

LOCAL COLUMNISTS

The Heart Beats

THE HEART BEATS. AGAIN. A lifetime ago, screwdrivers with lifetime guarantees came from an art moderne castle, and screwdrivers with orange juice came from the only other Friday’s outside of Manhattan.

Your Reinvention Intention

Reinvention intention: the energy, creativity and follow-through that brings change to life.

REGIONAL

Mayors of Mississippi River Towns Seek Solutions

ST. LOUIS (AP) – Mayors from more than three dozen communities along the Mississippi River are coming together in hopes of drawing attention – specifically that of federal lawmakers – to the challenges they face on the banks of the nation's largest waterway.

NATIONAL BUSINESS

US Budget Deficit Hits $1.16 Trillion Through August

WASHINGTON (AP) – The U.S. federal budget deficit increased by $191 billion in August and has topped $1 trillion for the fourth straight year.

Hurricane Isaac Sends US Jobless Claims Up to 382,000

WASHINGTON (AP) – The number of Americans seeking unemployment benefits jumped to the highest level in two months, although the figures were skewed in part by Hurricane Isaac.

Piccadilly Files for Chapter 11 Bankruptcy

BATON ROUGE, La. (AP) – Piccadilly Restaurants, a Baton Rouge-based cafeteria chain, has filed Chapter 11 bankruptcy.

NATIONAL GOVERNMENT

Fed Unveils Bold, Open-Ended Steps to Aid Economy

WASHINGTON (AP) – The Federal Reserve unleashed a series of bold and open-ended steps Thursday designed to stimulate the economy by boosting the stock market and making it cheaper for people to borrow and spend.

House to Pass 6-Month Spending Bill

WASHINGTON (AP) – As its last major act before leaving Washington for the fall campaign, the House is voting to put the government on autopilot for six months.

REAL ESTATE

Foreclosure Starts Fell on Annual Basis in August

LOS ANGELES (AP) – The evolution of the U.S. foreclosure crisis is increasingly diverging along state lines.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 11 93 3,391
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 76 352 12,695
BUSINESS LICENSES 21 108 4,597
UTILITY CONNECTIONS 77 564 19,457
MARRIAGE LICENSES 29 151 4,060

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