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VOL. 127 | NO. 185 | Friday, September 21, 2012

Speculation Mounts for FedEx Changes

The annual FedEx Corp. meeting with investors next month will be watched closely for what happens to FedEx Express, the oldest division of the Memphis-based company.

Memory Honored

Yellow Cab donates to CrimeStoppers in memory of slain cabbie

Kevin Grills’ co-workers and fellow Yellow Cab taxi drivers were shaken last month when they learned Grills, 50, was shot in the back several times and killed while in his cab near Downtown Memphis.

Luttrell Scraps Unincorporated County Garbage Collection Idea

A proposal by the county administration to start a single system of garbage collection for all of unincorporated Shelby County for a $25 monthly fee is off the table, Shelby County Mayor Mark Luttrell told a townhall meeting Thursday, Sept. 20, at Bolton High School.

Snyder’s-Lance Signs Deal In Southaven

A well-known snack food company has boosted its distribution presence in the Memphis area.

10 New Defendants Part of Test Scandal Indictment

A new federal indictment in a growing teacher testing scandal alleges teachers and those who wanted to be teachers were paying thousands of dollars to an organization led by former Memphis City Schools assistant principal Clarence Mumford.

Local Weather
Today
Memphis, TN
69°F
Fair
Wind: 9 mph
Humidity: 36%

EVENTS

Catholic Charities of West Tennessee’s Mobile Food Pantry will be holding a nonperishable-food drive during the grand opening of the fred’s Super Dollar at 7143 Winchester Road Friday, Sept. 21, from 9 a.m. to 2:30 p.m. Contact Alie Lifsey at alie.lifsey@acc.cdom.org.

more events »

Holden Suspended by Election Commission

Shelby County Elections Administrator Richard Holden has been suspended for three days and put on probation for six months following the suspension because of the way the Aug. 2 elections were conducted.

Cuts Temper Revenue, Cargo Improvements at Airport

Memphis International Airport saw a boost in revenues and cargo handled during the month of August compared to projections for the month.

Maps to be Entered as Evidence in Schools Case

All that’s left is a set of six maps. All sides in the federal court fight over municipal school districts on Thursday, Sept. 20, completed their proof before U.S. District Court Judge Samuel Hardy Mays on the issue of whether the state laws on the school districts violate the Tennessee Constitution.

MEMPHIS STANDOUT

Mathews Keeps Focus on Eyes Through Various Positions

Some say the eyes are the window to the soul, but Dr. Dennis Mathews will tell you that they can also open doors to a world of information about the entire body. It’s what keeps him fascinated with his profession.

LOCAL COLUMNISTS

Story on the Side

A STORY IN EVERY BITE. As I listened, I remembered comedian David Brenner discussing directions in the South. He noted that directions come with a story, and they may include turn left at the three-legged dog, and that everything comes with grits.

Business Anthropology Unlocks Opportunities

Many consumer product, retail, and software companies are reinventing themselves and growing market share by better empathizing with the people who use their products or services. Increasingly, other businesses – from B2B companies to doctor clinics – are learning the potent power of empathy.

No Shortcuts to Meeting Your Fundraising Goal

Part one of a two-part series “Sadly, I have to report that I and we failed.” That is not a good message to have to deliver. But it is part of life. The above quote is from a report given by Robert D. Sweeney, senior vice president for development and public affairs to the University of Virginia board of visitors at its Sept. 14 meeting. Sweeney was reporting on the progress of the University’s $3 billion capital campaign.

REGIONAL

Arkansas Court Rejects More Time for Casino Measure

LITTLE ROCK, Ark. (AP) – The Arkansas Supreme Court on Thursday unanimously denied a Texas businessman's bid for more time to gather signatures for a casino legalization measure he hoped to get on the November ballot, backing the state's determination that his first attempt fell short.

NATIONAL BUSINESS

Census Data Another Sign Economy has Bottomed Out

WASHINGTON (AP) – Five years after the housing bust, the U.S. economy is showing signs of finally bottoming out.

US Economy Hobbled by Weak Hiring, Manufacturing

WASHINGTON (AP) – A trio of reports Thursday offered a reminder that the U.S. economy is struggling to grow and add jobs.

US Unemployment Claims Fell Last Week to 382,000

WASHINGTON (AP) – The number of Americans seeking unemployment benefits fell only slightly last week to a seasonally adjusted 382,000. The level suggests hiring remains weak.

REAL ESTATE

Rate on 30-Year Mortgage Falls to Record 3.49 Percent

WASHINGTON (AP) – The average U.S. rate on the 30-year fixed mortgage touched its record low this week and the rate on 15-year mortgage hit a new record.

TECHNOLOGY

Bank Security Group Warns of Website Attacks

A financial services security group is warning about possible cyber-attacks on banks, citing "recent credible intelligence."

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 242 14,959
MORTGAGES 111 255 19,585
FORECLOSURE NOTICES 13 35 3,830
BUILDING PERMITS 0 359 35,689
BANKRUPTCIES 61 182 14,216
BUSINESS LICENSES 18 104 5,095
UTILITY CONNECTIONS 76 246 21,679
MARRIAGE LICENSES 16 75 4,632

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