VOL. 127 | NO. 183 | Wednesday, September 19, 2012
AutoZone Inc. said Wednesday its fiscal fourth-quarter net income rose 7.4 percent, helped by sales contributions from new stores.

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.
The city of Memphis begins demolition Thursday, Sept. 20, of the Lone Star Industries cement terminal at the foot of Poplar Avenue.
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.
The Memphis City Council amended an anti-discrimination ordinance covering city government to include banning discrimination based on sexual orientation.
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.
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.
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.
The home of former Memphis Mayor Willie W. Herenton in Banneker Estates’ gated community has traded hands for $350,000 in a short sale.
When International Paper Co. moved its headquarters to Memphis in 1987 it was an economic development milestone for Shelby County.
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
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
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.
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
NASHVILLE (AP) – A new study examines the average first-year earnings of graduates from two-year and four-year institutions across Tennessee.
NASHVILLE (AP) – Tennessee has a new college savings plan officials hope will help students afford a higher education.
NATIONAL BUSINESS
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.
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
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.