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VOL. 127 | NO. 183 | Wednesday, September 19, 2012

AutoZone Fourth Quarter Net Income Rises 7.4 Percent

AutoZone Inc. said Wednesday its fiscal fourth-quarter net income rose 7.4 percent, helped by sales contributions from new stores.

Difference of Opinion

Groups looking to redevelop Vance area at odds on future of Foote Homes

Memphis Mayor A C Wharton Jr.’s administration and a group of neighborhood leaders in the Vance Avenue area agree on highlighting the significant history of the area south of FedExForum.

Lone Star Demolition Begins Thursday

The city of Memphis begins demolition Thursday, Sept. 20, of the Lone Star Industries cement terminal at the foot of Poplar Avenue.

FedEx Earnings Down 1 Percent

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.

Council Delays Anti-Discrimination Vote For Legal Opinions

The Memphis City Council amended an anti-discrimination ordinance covering city government to include banning discrimination based on sexual orientation.

Local Weather
Today
Memphis, TN
66°F
Partly Cloudy
Wind: 0 mph
Humidity: 70%

EVENTS

Memphis Bioworks Business Association, the U.S. Small Business Administration and The University of Tennessee Institute for Public Service will host Memphis Bioworks SBA Fast Conference: Growing Your Bioscience Business Wednesday, Sept. 19, and Thursday, Sept. 20, at the MBBA conference center, 20 S. Dudley St., first floor. Visit bioworksbusiness.com.

more events »

School Board to Begin Merger Votes Next Week

Countywide school board members should begin voting up or down the first recommendations of the schools consolidation planning commission at their Thursday, Sept. 27, meeting.

Local Mortgage Market Up 22 Percent

It’s been an old story for several quarters – for a few years now, in fact: Rates are low, and homebuyers keep tiptoeing back into the market.

Daily News Seminar Looks at Health Care Reform Impact

Changes in the model and delivery of health care and its potential impact on businesses and their employees will take center stage Thursday, Sept. 20, at the latest seminar presented by The Daily News.

Herenton Home Moves in Short Sale

The home of former Memphis Mayor Willie W. Herenton in Banneker Estates’ gated community has traded hands for $350,000 in a short sale.

IP Looks to Future Following Temple-Inland Acquisition

When International Paper Co. moved its headquarters to Memphis in 1987 it was an economic development milestone for Shelby County.

Police Officer Latest Defendant in Sex Trafficking

The latest sex trafficking case in Memphis federal court involves a Memphis police officer who allegedly brought three women into a Memphis nightclub last November and “announced the women were available as prostitutes to patrons of the nightclub.”

MEMPHIS NEWSMAKERS

Evans Joins American Esoteric as Vice President

Dr. Jess Evans has joined American Esoteric Laboratories as vice president of technical operations. In his new role, Evans is responsible for instrumentation, personnel, operational performance and quality assurance for the Memphis laboratory.

LOCAL COLUMNISTS

3 Tips for Improving a Struggling Sales Team

Successfully managing a sales team takes a special touch, because great salespeople are wired differently than most. Their defining qualities – fearlessness and dogged determination – are what make them both stellar at closing business and, at times, a handful to manage.

Examining Unknowns, Certainties

US Fed = Yes, ECB = Yes, US Government = Maybe, China = Unknown Last week’s announcement of “unlimited” easing from the U.S. Fed combined with the “unlimited” easing announcement by the European Central Bank extended the global rally in everything but Treasuries.

STATEWIDE

Study Examines First-Year Earnings of Tennessee Grads

NASHVILLE (AP) – A new study examines the average first-year earnings of graduates from two-year and four-year institutions across Tennessee.

Tennessee Announces New College Savings Plan

NASHVILLE (AP) – Tennessee has a new college savings plan officials hope will help students afford a higher education.

NATIONAL BUSINESS

Business Making an Anti-Regulation Pitch to Voters

WASHINGTON (AP) – The National Association of Manufacturers, U.S. Chamber of Commerce and National Federation of Independent Business are working to make the anti-regulatory fervor their members share an issue in the last weeks of the campaign.

Walgreen Finishes $438 Million Deal for Drugstore Chain

DEERFIELD, Ill. (AP)Walgreen Co. has completed its $438 million purchase of a regional drugstore chain that operates in several states under the USA Drug, Super D Drug and Med-X names.

HEALTH CARE

Advocates: 39 States' Obesity Rates to Pass 50 Percent

NEW YORK (AP) – A group campaigning against obesity predicts that by 2030 more than half the people in 39 states will be obese – not merely overweight, but obese.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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