VOL. 127 | NO. 186 | Monday, September 24, 2012
SPECIAL EMPHASIS: Financial Services
Banks, financial institutions find value in giving back to community
Most people already know some of the basic elements of the banking business. From the large national lenders with a Memphis presence to the community banks in the suburbs, one common element is they make money by charging borrowers more than the bank pays in interest to depositors.
Here’s a roundup of what some of the city’s banks and bankers, investment professionals, and other financial services shops have been up to in recent weeks.
NEW YORK (AP) – Mueller Industries is buying back approximately 10.4 million of its shares owned by Leucadia National Corp. for about $427.3 million.
Shelby County Commissioners take up a new name on the lease for FedExForum at their Monday, Sept. 24, meeting.
Dan Marks isn’t an information technology manager or a management information systems analyst, but these days anyone promoting a bank is automatically invested in digital technology.
A new model for health care in America is rapidly on its way, according to the chief medical officer of Saint Francis Healthcare. And many physicians are oblivious to it or in denial.
U.S. Rep. Steve Cohen and Memphis International Airport officials will announce Monday, Sept. 24, that the airport is getting $31.8 million in infrastructure grants from the Federal Aviation Administration.
The confirmation last week of the suspension and probationary period for Shelby County Elections Administrator Richard Holden may not be the end of his difficulties.
Among the holding pattern of construction nationwide, local contractors appear to be holding their own.
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 town hall meeting Thursday, Sept. 20, at Bolton High School.
Waiting in Studio A of the Stax Museum of American Soul Music, where the ghosts of soul icons swirled around students who sang in loud clear voices, U.S. Army veteran, author and businessman Wes Moore knew what he was looking at.
For Summit Asset Management LLC, steady organic growth over the past 20 years has been spurred by building strong local relationships.
LOCAL COLUMNISTS
Gen. Dwight D. Eisenhower, Supreme Commander of the Allied Forces in Europe during World War II supposedly said, “In preparing for battle I have always found that plans are useless, but planning is indispensable.” This sounds like a very practical approach to planning to me and I like Ike’s thinking on this issue.
Talking about the Better Business Bureau, the president said, “Your bureaus have not relied on propaganda extolling the virtues of business. They have gone to work to clean out the shady areas in the commercial world.”
THE MEMPHIS NEWS
Cooper-Young neighborhood celebrates more than a century of revitalization
Of Memphis’ tales of humble beginnings, of which there are many, the fluctuating renaissance of the Cooper-Young neighborhood is certainly compelling throughout.
When something good develops organically in Memphis, there is a great tendency to believe that if there are attempts to organize it too much or try to “improve” it, something essential will be lost.
REGIONAL
LITTLE ROCK, Ark. (AP) – The Arkansas unemployment rate for August was 7.3 percent, the same as the month before.
JACKSON, Miss. (AP) – Payrolls fell in Mississippi for the fourth straight month in August, reinforcing economists' judgment that the state is back in recession.
NATIONAL BUSINESS
DALLAS (AP) – American Airlines is apologizing to its best customers for the recent increase in delayed and canceled flights.
NEW YORK (AP) – Wal-Mart Stores Inc. said Friday it expects to hire more than 50,000 people this holiday season and will be offering more hours to its existing employees.