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VOL. 127 | NO. 173 | Wednesday, September 5, 2012

Election Winners Take Oaths of Office

The Labor Day weekend served as a political marker for past and future events in Memphis politics.

Watching the River

Corps works to keep Mississippi River channel moving

Dredge work on the entrance to McKellar Lake off the Mississippi River begins Friday, Sept. 7, as the river level at Memphis rises a bit in the worst drought since the summer of 1988.

FedEx Drops Earnings Estimate

Memphis-based FedEx Corp. dropped its first quarter earnings per share estimate two weeks before the company releases its earnings figures for the quarter ended Aug. 31.

Mays Opens Hearings On Municipal Schools With Testimony

The first of two days of testimony in the federal court case over the state laws setting up municipal school districts ended with a lot of reading material for U.S. District Court Judge Hardy Mays.

Women Groups to Elevate Business at Seminar

Three years ago, three national women’s organizations began to gather in Memphis with a vision of preparing and excelling women in business.

Local Weather
Today
Memphis, TN
79°F
Fair
Wind: 9 mph
Humidity: 77%

EVENTS

Talk Shoppe will meet Wednesday, Sept. 5, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Ave. Jason Sullivan of LaunchMemphis will present “Is Your Business Hitting Your Target Market.” Cost is free. Visit talkshoppe.biz.

more events »

Crittenden Hospital, Methodist Reach Affiliation Agreement

In an effort to better serve patients and foster financial stability, Crittenden Regional Hospital in West Memphis has entered into a new affiliation and consulting agreement with Methodist Le Bonheur Healthcare.

Millington Winery Hosts Concert for Cause

It started last year out of a desire to do something positive on the 10th anniversary of the terrorist attacks on Sept. 11, 2001. The result was a concert that raised a few thousand dollars for the Wounded Warrior Project.

Forensic Center Case Study of Slow Process

When Shelby County Mayor Mark Luttrell cut the ribbon on the new West Tennessee Regional Forensic Center last week he motioned for Memphis Mayor A C Wharton Jr. to join him.

MEMPHIS NEWSMAKERS

Tapley Ranks 13th on National List of Most Successful Realtors

Jimmie Tapley of Crye-Leike Realtors has been named the country’s 13th most successful residential Realtor by REAL Trends Inc. and The Wall Street Journal. The ranking is based on the number of real estate agents’ closed transactions in 2011. Tapley’s sales volume for the year totaled 437 transaction sides.

LOCAL COLUMNISTS

Instagram Marketing Secrets

It’s not often that a company with essentially no revenue sells for nearly a billion dollars, but that’s just what happened when Facebook wrote the largest check for a social media network ever this year. So what inspired the Facebook founder’s record-breaking purchase of Instagram?

Senate 2013: Less Visible, More Important

The 2012 presidential election has two widely contrasting visions, larger than life personalities, and plenty of high praise and low blows. Over the next three months, the contest for the Oval Office will dominate American discourse. However, while the big game for the country may be the presidential race, the big game for the markets will likely be the Senate race.

MEMPHIS AREA

Inspection to Force Lane Closures on I-40 Bridge

WEST MEMPHIS, Ark. (AP) – Lanes will be closed this week as crews inspect the Interstate 40 bridge over the Mississippi River between West Memphis and Memphis, Tenn.

NATIONAL BUSINESS

Survey: US Manufacturing Shrinks for Third Month

WASHINGTON (AP) – U.S. factory activity shrank for the third straight month in August as new orders, production and employment all fell. The report adds to other signs that manufacturing is struggling around the globe.

Refunds on Way to Cover CVS Business' Price Error

NEW YORK (AP) – The Federal Trade Commission said that it is mailing refund checks to 13,000 Medicare Part D beneficiaries who were overcharged for drugs because a CVS Caremark Corp. business understated the price of the medications.

Pickups Drive US Auto Sales in August

DETROIT (AP) – Strong pickup demand fueled a big jump in U.S. auto sales last month.

REAL ESTATE

US Home Prices Rise in July by Most in 6 Years

WASHINGTON (AP) – U.S. home prices jumped 3.8 percent in the 12 months ending in July, according to a private real estate data provider. The year-over-year increase was the biggest in six years, further evidence that the housing market is steadily recovering.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 43 43 12,074
MORTGAGES 78 78 15,834
FORECLOSURE NOTICES 0 0 3,130
BUILDING PERMITS 0 0 28,832
BANKRUPTCIES 97 97 11,768
BUSINESS LICENSES 18 18 4,292
UTILITY CONNECTIONS 190 190 17,922
MARRIAGE LICENSES 43 43 3,711

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The Memphis News: Business, politics, and the public interest.