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VOL. 128 | NO. 160 | Friday, August 16, 2013

Buckeye Shareholders Approve Merger

Stockholders of Buckeye Technologies Inc. have approved the Memphis-based company’s merger with Georgia-Pacific LLC.

Beyond Graceland

Elvis fans look elsewhere for signs of singer’s Memphis life

Graceland – the Whitehaven mansion and the artifacts in it – is not for sale.

Turley Shows Interest in Developing Central Station

A partnership consisting of Henry Turley and Community Capital is the only entity so far to express interest in the management and development of Central Station.

Airport Elects Brockman President

With no debate and a unanimous vote, the Memphis-Shelby County Airport Authority board of commissioners on Thursday, Aug. 15, approved Scott Brockman as the airport’s next president and CEO.

Banks Step Up Barriers Against Hacking

There’s an urban legend about a famed bank robber who, when asked why he targeted banks, answered matter-of-factly, “Because that’s where the money is.”

Local Weather
Today
Memphis, TN
58°F
Fair
Wind: 0 mph
Humidity: 49%

EVENTS

Eclectic Eye will host a Starck Eyes trunk show Friday, Aug. 16, from 2 p.m. to 6 p.m. at its Collierville boutique, 3670 S. Houston Levee Road, suite 102, and an l.a. Eyeworks trunk show Saturday, Aug. 17, from noon to 4 p.m. at its Midtown boutique, 242 S. Cooper St. Visit eclectic-eye.com.

more events »

Shelby County Schools Bus Fixes Underway

The director of transportation for Shelby County Schools resigned on the same day that the first fixes in school bus routes, times and stops took effect.

MEMPHIS STANDOUT

Hester Builds Know-How in Commercial Construction

Len Hester is a project manager for Grinder Haizlip Construction Co., a general contractor that specializes in industrial and commercial projects and has worked on high-profile projects such as the Wright Medical Technology Inc. headquarters in Arlington, New Ballet Ensemble, the Grizzlies Sportsplex and the renovation of Memphis Theological Seminary.

SPORTS

Volunteers Keep Goal Simple: Respectability

College football coaches aren’t ever going to admit to looking down the schedule and circling the games that will define a season.

Chasing a Dream With Hat in Hand

Cody Hudson hit his first professional home run and trotted around the bases just like he had done at Austin Peay and, before that, Houston High School. He stepped on home plate and then turned toward his team’s dugout – in this case, the dugout of the San Angelo Colts.

LOCAL COLUMNISTS

Born Mean and Born Again

A CHANGED CHARACTER. AND THAT’S NO BULL. Next week, I’m going to a movie about the meanest, baddest linebacker to ever rip a helmet off a quarterback or start and finish a fight in Memphis. I’m going to a movie about a professional baseball player who was kicked out of the sport for the swings he took at players instead of the ball. I’m going to a movie about one of the most feared men in the NFL, and one of the most controversial because of his rabid rage on and off the field. I’m going to a movie about self-destruction, addiction, abuse, and about Jesus.

Turning Good Ideas Into Great Products

One innovation method is to invite customers (in a B-2-B situation) or consumers (in a B-2-C scenario) into the creative process with you. Here, they will ideate, workshop concepts that arise in the session, augment concepts provided for them, and create some new product or service ideas that do not yet exist.

STATEWIDE

2 Tennessee Navigator Groups to Get Nearly $2 Million

NASHVILLE (AP) – The Tennessee Primary Care Association and Structured Employment Economic Development Corporation are two organizations that will be helping Tennessee residents understand their new insurance opportunities and get signed up.

STATE GOVERNMENT

Ethics Complaint Filed Against Gov. Haslam

NASHVILLE (AP) – Former state Democratic Party Chairman Chip Forrester is filing ethics and campaign finance complaints against Republican Gov. Bill Haslam for failing to disclose how much he has paid his former chief campaign strategist for political advice.

NATIONAL BUSINESS

Tepid US Retail Sales Raising Doubts About Economy

WASHINGTON (AP) – Bleaker outlooks at retailers like Wal-Mart and Macy's are raising doubts that consumers will spend enough in coming months to lift the still-subpar U.S. economy.

US Consumer Prices Tick Up as Inflation Stays Mild

WASHINGTON (AP) – U.S. consumer prices rose only slightly last month as gas costs increased more slowly. Overall, the figures showed that inflation remains mild.

REAL ESTATE

Average Rate on 30-Year US Mortgage Stays 4.4 Percent

WASHINGTON (AP) – Average rates on U.S. long-term fixed mortgages remained steady for a second straight week, giving prospective home buyers more time to lock in historically low levels.

US Homebuilder Confidence Nears 8-Year High

Confidence among U.S. homebuilders is at its highest level in nearly eight years, fueled by optimism that demand for new homes will drive sales growth into next year.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 136 5,209
MORTGAGES 79 182 6,891
FORECLOSURE NOTICES 13 50 1,606
BUILDING PERMITS 328 328 12,307
BANKRUPTCIES 70 175 5,475
BUSINESS LICENSES 30 58 2,119
UTILITY CONNECTIONS 85 182 7,240
MARRIAGE LICENSES 19 43 1,501

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