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VOL. 128 | NO. 80 | Wednesday, April 24, 2013

Georgia-Pacific Pays $1.5 Billion for Buckeye Technologies

Memphis-based Buckeye Technologies Inc. is being bought by Georgia-Pacific LLC, the two companies announced Wednesday, April 24.

Good Times for All

Camp for developmentally disabled children, adults seeks donations

There will be kickball games, limbo dances, arts and crafts, and a talent show. There will be all of that and more at the sixth annual Camp Good Times residential summer camp May 30 through June 5 at Meeman-Shelby Forest State Park in Millington.

Hopson Proposes Closing 11 Schools In 2014-2015

Memphis-Shelby County Schools superintendent Dorsey Hopson is proposing the countywide school board close 11 more schools, 10 in the city of Memphis and one in Millington.

Tennessee Lags in Hospital Care Spending

Hospital care spending in Tennessee averaged $2,160 per person in 2009, a figure that is among the 10 lowest in the nation on a state-by-state comparison.

New Apartments Planned for South Main

Plans for 197 apartments on two corners of West Carolina Avenue and Florida Street go to the Downtown Memphis Commission Design Review Board at its May 1 meeting.

Local Weather
Today
Memphis, TN
58°F
Fair
Wind: 0 mph
Humidity: 81%

EVENTS

Methodist North Hospital will hold a hip- and knee-replacement information class on Wednesday, April 24, from 11 a.m. to noon at the hospital’s Total Joint Center, 3960 New Covington Pike. R.S.V.P. at 516-5639.

more events »

Committee Split on Park Renaming Options

The nine-member ad hoc committee that is supposed to come up with recommendations for the Memphis City Council on what to call three Confederate-themed city parks displayed a clear rift Monday, April 22.

Schools Front Office Jobs Reopened

Interim schools superintendent Dorsey Hopson has restarted the process of reapplying for the top jobs in the consolidated school system.

Special Elections Take Shape in Suburbs

It looks like 2013 will be an election year in the six suburban towns and cities in Shelby County.

Workshop Will Teach Business Fundamentals

Steve Jobs could do it. Fred Smith did it. So do the chief executives of businesses large and small, from retail to technology to medicine.

MEMPHIS NEWSMAKERS

Wright Joins Magna Bank as Senior Vice President

Andy Wright has joined Memphis-based Magna Bank as senior vice president and manager of commercial banking. Wright, who previously held senior vice president positions at Iberiabank and First Tennessee Bank, has experience working with a variety of industries, with in-depth expertise in the transportation and logistics industries.

LOCAL COLUMNISTS

Don’t Let Zeal Kill the Sale

Passion is a vital skill for entrepreneurs, but did you know it can actually kill a sales call? While it may seem counterintuitive, an overzealous spirit can simply overwhelm a prospect.

If You Can’t Win, Change the Game

In today’s dynamic world it is imperative for companies to continually realize growth through a sustainable competitive advantage. The trouble is that every innovation is just one new innovation away from becoming obsolete. How do proactive companies stay one step ahead?

MEMPHIS AREA

Paper, Drug Disposal Nets 298 Pounds of Pills

MEMPHIS (AP) – The Shelby County sheriff's office has collected more than 5 tons of paper and nearly 300 pounds of prescription drugs at a shredding and disposal event.

STATE GOVERNMENT

Governor Signs Measure to Cut Lawmaker Allowances

NASHVILLE (AP) – A proposal to eliminate hotel allowances for some Tennessee lawmakers has been signed by the governor.

Governor Signs College Nondiscrimination Ban

NASHVILLE (AP) – Legislation to bar public universities and colleges from implementing nondiscrimination policies for student groups has been signed by the governor.

NATIONAL BUSINESS

Report: Richest 7 Percent Got Richer During Recovery

WASHINGTON (AP) – The richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of U.S. households, says a report released Tuesday.

NATIONAL GOVERNMENT

Government Warns of More Flight Delays as Blame Flies

NEW YORK (AP) – A day after flight delays plagued much of the U.S., air travel is smoother Tuesday. But the government is warning passengers that the situation can change by the hour as it runs the nation's air traffic control system with a smaller staff.

REAL ESTATE

New-Homes Sales Rise 1.5 Percent in March to 417,000

WASHINGTON (AP) – U.S. sales of new homes rose in March to a seasonally adjusted annual rate of 417,000. The increase added to evidence of a sustained housing recovery at the start of the spring buying season.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 14,804
MORTGAGES 80 80 19,410
FORECLOSURE NOTICES 22 22 3,817
BUILDING PERMITS 142 142 35,472
BANKRUPTCIES 62 62 14,096
BUSINESS LICENSES 62 62 5,053
UTILITY CONNECTIONS 99 99 21,532
MARRIAGE LICENSES 37 37 4,594

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