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VOL. 128 | NO. 159 | Thursday, August 15, 2013

ServiceMaster Reports Second-Quarter Operating Loss

The ServiceMaster Co. reported a $564 million operating loss Wednesday, Aug. 14, for the second quarter of its fiscal year, in a quarter that CEO Rob Gillette said did not meet expectations.

Expanding Horizon

City, county push for Presidents Island rail project

The city and county mayors are aggressively pushing for support for a major expansion of Presidents Island, including a concerted effort to bring city and county legislators on board.

Schools Transportation Director Retires

The director of transportation for the countywide school system, Debbie Rike, resigned Wednesday, Aug. 14, capping a week and a half of significant transportation problems for the new school district.

Elvis/Stax Confluence Blunted By Marketing

Roger Semon of Sony Music Entertainment knows the music business and Elvis Presley’s sound like few others do.

Grizzlies Owner’s Company Riding High

Memphis Grizzlies owner Robert Pera has enjoyed a run of good news lately surrounding the technology company he founded, Ubiquiti Networks Inc.

Local Weather
Today
Memphis, TN
65°F
Partly Cloudy
Wind: 3 mph
Humidity: 54%

EVENTS

Lipscomb Pitts Breakfast Club will hold a female business leader lunch Thursday, Aug. 15, from noon to 1:30 p.m. at Napa Cafe, 5101 Sanderlin Ave., suite 122. Female business leaders will discuss various topics, including ways to cultivate programs for women in business. Lunch is Dutch treat. Email rsvp.lpbc@lpinsurance.com.

more events »

McDaniel Sculpts Ceramics Venture in Memphis

After living in Austin for six years, Brit McDaniel moved back to Memphis and brought with her some of the “Buy Local” ethos that pervades the Texas mecca of culture.

Humes Remembers Past, Reflects Future

Elvis Presley’s alma mater is a very different place these days. But then again, so is the structure of public education in Memphis.

MEMPHIS LAW TALK

Stengel Advises New Lawyers to ‘Find Your Passion’

Michael Stengel visited Memphis from his home in Buffalo, N.Y., for the first time at just the right time.

LOCAL COLUMNISTS

Rich Doesn’t Mean Successful

Ray’s Take Society tends to equate the possession of riches with a happy, successful life and the pursuit of riches as the best course to achieve success. That’s a rather limited definition, however, and reality doesn’t bear it out. Studies show that the 100 richest people in this country are only slightly more satisfied with their lives than the average person. As the saying goes, “money doesn’t buy happiness.”

Candid Testimony

Sometimes, we must go back to our roots. The roots of “I Swear,” the column, are in the actual dialogue between lawyers and people who are under oath. Those who, in essence, tacitly add “I swear” to everything that they say.

STATE GOVERNMENT

Panel to Review State's Textbook Selection Process

NASHVILLE (AP) – The state Senate Education Committee plans a hearing in October to review Tennessee's textbook selection process for K-12 schools.

NATIONAL BUSINESS

Airline Mergers Have Already Led to Higher Fares

NEW YORK (AP) – The government is putting its foot down on rising airfares and fees by blocking the latest airline merger – but for fliers, it's already too late.

Wholesale Prices Unchanged in July

WASHINGTON (AP) – Falling energy prices kept a lid on U.S. wholesale inflation in July after a jump in gasoline boosted prices in June.

US Requires Car Makers to Offer Data About Recalls

DETROIT (AP) – Starting next summer, U.S. consumers will be able to search a giant database to find out if their cars or motorcycles have been recalled and if the vehicles have been fixed.

NATIONAL GOVERNMENT

Likely Labor Rules Would Aid Veterans, Disabled, Unions

WASHINGTON (AP) – With Thomas Perez now confirmed as head of the Labor Department, the agency is expected to unleash a flurry of new regulations that have been bottled up for months – a prospect that has business leaders worried and labor advocates cheering.

HEALTH CARE

Businesses Seek Cure for Health Care Cost Surge

NEW YORK (AP) – A year ago, Teresa Hartnett was on the verge of expanding her small business. The company had hit $1 million in sales, and requests from clients were flowing in. She planned to transition from nearly 30 freelancers to a full-time staff of 60 by 2014.

TECHNOLOGY

Microsoft Sets Oct. 17 Release for Windows 8.1

SAN FRANCISCO (AP) – Consumers waiting for Microsoft's revamped version of its latest Windows operating system will be able to get the software beginning Oct. 17.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 0 55 1,534
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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