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VOL. 127 | NO. 182 | Tuesday, September 18, 2012

FedEx Net Income Drops on Shift From Express

Memphis-based FedEx Corp. reported Tuesday, Sept. 18, its net income for the first quarter ended Aug. 31 was down $5 million or about 1 percent.

Food Awareness

Rhodes College program shines light on food issues

On a recent humid September morning, a group of casually dressed students sat cross-legged in a field on the Rhodes College campus, deeply engaged in a discussion about the various preparation methods and cultural associations of yams.

Nucor Lowers Earnings Guidance

Nucor Corporation, which has a steel plant in Memphis, announced Tuesday, Sept. 18, that it is lowering its third quarter earnings to 35 cents per diluted share from earnings a year ago of 57 cents per diluted share.

Nashville to Lose $3 Million for Rejecting Charter School

NASHVILLE (AP) – The state Department of Education is withholding $3.4 million in funding from the public school system in Nashville over a rejected charter school.

Non-Discrimination Up for Final Vote

Memphis City Council members should have a full chamber Tuesday, Sept. 18, as the council takes a vote on third and final reading of a non-discrimination ordinance.

Business Growth Requires People Focus

Steve Jobs was famously meticulous about building out a certain kind of leadership team at Apple, with a view toward ensuring the company would be able to thrive long after its visionary co-founder was gone.

Local Entrepreneurs Will Soon Have ‘Urban Workspace’

A shared open work space, modeled after incubators in Los Angeles and New York City, is on the brink of being launched in Downtown Memphis.

City Could Back Countywide Sales Tax Hike

Shelby County Commission chairman Mike Ritz has been talking with some city of Memphis leaders about their opposition to the countywide sales tax hike he proposed for the Nov. 6 ballot.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Sept. 18, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

REAL ESTATE RECAP

LeMoyne-Owen to Begin Work on $13.5 Million Residence Hall

869 Saxon Ave., Memphis, TN 38126 -
LeMoyne-Owen College is moving ahead with construction of its 336-room residence hall at the northwest corner of Saxon Avenue and Neptune Street, filing a $9 million building permit application for the four-story dormitory.

LOCAL COLUMNISTS

Why Memphis Rocks

Last week we kicked off this series of reader-response columns by asking, “Why do you think Memphis Rocks?” So far, we have received some heartwarming stories, catchy slogans, and fascinating perspectives that all capture the essence of what makes our community so great. Let us go ahead and start sharing your responses while I encourage you, our readers, to keep the feedback coming, so we can share even more next week.

MEMPHIS AREA

Investors Eagerly Anticipate FedEx Earnings

NEW YORK (AP) – Investors who already have an idea of how FedEx Corp. performed in its fiscal first quarter will listen closely to what the world’s No. 2 package delivery company says about demand in the critical holiday shipping season when it reports financial results and expectations before the market opens Tuesday, Sept. 18.

STATEWIDE

Tennessee Bar Holds Hearings on Conservatorship Issues

NASHVILLE (AP) – The Tennessee Bar Association is planning public hearings across the state this fall to look for ways to improve the state's conservatorship law.

REGIONAL

Judges Uphold East Arkansas Senate Redistricting

LITTLE ROCK, Ark. (AP) – A federal court on Monday rejected a state senator's claim that a redistricting panel intentionally diluted the black vote in his district, ruling the decrease stemmed from politics but not racial discrimination.

NATIONAL BUSINESS

Complaints About Automated Calls Up Sharply

WASHINGTON (AP) – So much for silence from telemarketers at the cherished dinner hour, or any other hour of the day.

Long Flight Delays Soar in July

NEW YORK (AP) – The number of long delays in July involving planes stuck on airport tarmacs was more than the previous eight months combined, the government said Monday.

HEALTH CARE

Cancer Overtakes Heart Disease as Top US Killer

NEW YORK (AP) – Cancer has overtaken heart disease as the No. 1 killer among Hispanics in the U.S., and the rest of the country may be only a few years behind.

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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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