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VOL. 128 | NO. 65 | Wednesday, April 3, 2013

Agriculture Boom Fuels Agricenter Expansions

Agriculture is a promising business, especially considering the rapidly growing worldwide demand for food and fiber products by a ballooning international population.

Housing Huddle

MAAR hosts its 2013 residential real estate summit

Memphis Area Association of Realtors president Regina Hubbard got an unabashed response from the crowd at the Germantown Performing Arts Centre during the real estate group’s 2013 Residential Real Estate Summit.

City Council Approves Amended Property Registry

Memphis Mayor A C Wharton Jr. won a partial victory in his emphasis on fighting blight with final Memphis City Council approval Tuesday, April 2, of a property registration ordinance.

Cestaro: Lab Will be First of its Kind

TriMetis president Phil Cestaro took a year off after he resigned from Nashville-based SCRI Global Services at the Sarah Cannon Research Institute in 2011, where he was president.

Safeways Crime Program Goes for Long Haul

When Pierce Ledbetter, the CEO of LEDIC Management, signed up his company’s Autumn Ridge apartment complex for the federally funded Safeways anti-crime initiative in 2009, he was nervous.

Local Weather
Today
Memphis, TN
50°F
Partly Cloudy
Wind: 0 mph
Humidity: 89%

EVENTS

The Rotary Club of Memphis East will meet Wednesday, April 3, at noon at The Racquet Club of Memphis, 5111 Sanderlin Ave. U.S. Sen. Bob Corker will speak. Cost is $17. R.S.V.P. to Lee Hughes at lmhughes@bellsouth.net.

more events »

School Board Restructure Next for Federal Court

All sides in the federal lawsuit over the schools merger will be getting together soon to talk about the Shelby County Commission’s plan to restructure the countywide school board.

Parks Debate Continues as Convention Departs

With a Ku Klux Klan rally in the rearview mirror, the local debate over the renaming of three Confederate-themed city parks moved ahead this week.

MEMPHIS NEWSMAKERS

CBU Names Sumner-Winter Director of Stewardship

Wendy Sumner-Winter has been appointed director of stewardship and donor engagement at Christian Brothers University. In the newly created position, Sumner-Winter will oversee planning, strategy development and implementation of initiatives to increase communication and connections with the CBU community, including donors, alumni and friends.

LOCAL COLUMNISTS

Real-Time Marketing

We live in a digital world where we’ve grown accustomed to real-time communication with one another, including with the brands we patronize. Now there is a growing expectation of real-time response from companies large and small. It’s time to become more nimble and proactive – communicating at the same pace as your customers.

Zero Budget – What a Boon

Entrepreneurs come alive when all odds are stacked against them. Think of the famous stories. Walt Disney and Frank Lloyd Wright going bankrupt several times until their visions pay off. Edison brokering the GE deal that meant the West would use the type of electricity the wizard of Menlo Park created. Steve Jobs kicked out of Apple, starting Next. The old saying holds true: the darkest hour is just before the dawn.

STATE GOVERNMENT

Haslam Insists Medicaid Pursuit No 'Fool's Errand'

NASHVILLE (AP) – Gov. Bill Haslam said Tuesday that his ongoing pursuit of a special deal for Medicaid expansion in Tennessee is no "fool's errand" and that an arrangement could still be struck at any time.

Seat Belt Fine Bill Fails in House Committee

NASHVILLE (AP) – A proposal to increase the fine for not wearing a seat belt has failed this session.

Humane Society Hires Former State Rep. Swafford

NASHVILLE (AP) – Former state Rep. Eric Swafford has been hired by the Humane Society of the United States as an outreach director.

REGIONAL

Ark. Senate Panel Rejects Equal Rights Amendment

LITTLE ROCK, Ark. (AP) – A renewed effort to ratify the Equal Rights Amendment to the U.S. Constitution failed before an Arkansas state Senate panel Tuesday, after opponents said they believed the move would have unintended consequences ranging from mandatory coed bathrooms to government-funded abortions.

NATIONAL BUSINESS

Automakers Report US Sales Up in March

DETROIT (AP) – March is turning out to be the best month for auto sales in at least six years.

REAL ESTATE

Fannie's Record Profit a Symbol of Housing Rebound

WASHINGTON (AP) – Home prices are up. Foreclosures are down. Construction is up. And now comes the latest sign of the U.S. home market's revival: Fannie Mae, the mortgage giant that nearly collapsed five years ago, has earned its biggest yearly profit ever.

HEALTH CARE

Medtronic Gets US Clearance for Breathing System

MINNEAPOLIS (AP) – Medical device maker Medtronic Inc. said Tuesday it received U.S. clearance for a new artificial lung system that breathes for patients who are undergoing open heart surgery.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 0 58 3,853
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 58 305 14,339
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 0 93 4,650

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