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VOL. 128 | NO. 166 | Monday, August 26, 2013
EMPHASIS Financial Services

Building the Future

Banks respond to changing customer service needs

The CEO of the largest bank based in Memphis told analysts earlier this year on the company’s first-quarter earnings call that executives there are in the middle of rethinking the bank’s branch network.

American Athletic Conference Ready for High-Exposure Start to Season

The new American Athletic Conference kicks off Thursday night and nine of the league’s 10 teams play this weekend. ESPN will televise two of the games, other ESPN networks will carry another six games, and NBC will televise Temple at Notre Dame. It’s a high-exposure start for the league formerly known as the Big East.

Orion Gives Back to Local Community

Orion Federal Credit Union is making a big difference throughout the Mid-South area with its Orion Gives Back community involvement program, working with a diverse range of local nonprofit organizations and helping to shine a light on their various missions.

Estes Establishes Business Footprint With Allegiant

Getting divorced is never a happy, fun experience, but Allegiant Financial Planning LLC hopes to take some of the cost and stress out of the situation for its clients.

Local Weather
Today
Memphis, TN
55°F
Fair
Wind: 0 mph
Humidity: 89%

EVENTS

Duncan-Williams Inc. Investment Bankers will hold a small-business succession planning luncheon Tuesday, Aug. 27, from 11 a.m. to 1 p.m. at Duncan-Williams, 6750 Poplar Ave., suite 300. Topics include federal estate tax laws, choosing a successor, calculating the fair market value of your business, and more. Cost is free; space is limited. RSVP to roland.cole@duncanwilliams.com or 435-4277.

more events »

United Housing Places 3,000th Homeowner

Lisa Brice was living in a Memphis-area townhouse with her two teenage daughters when the water was turned off in the community back in January.

Fetch Brings Ikea Delivery to Memphis

Ikea doesn’t have a store in Memphis, and the retailer doesn’t deliver some products to Memphis – which is why Ben Colar and two other guys created a venture to give fans of the retailer a guaranteed personal delivery service.

Report: Tennessee Workers’ Compensation Payments Decline

Tennessee is one of 22 states where total workers’ compensation payments to injured workers and costs borne by employers decreased in 2011, according to a new report from the National Academy of Social Insurance.

Shelby County to Play Key Role in 2014 State Election

As prospective candidates weigh special election races in the next three months for a state House seat and suburban school boards, there are also signs of life in Shelby County in the statewide races on the 2014 election ballot.

SMALL BUSINESS SPOTLIGHT

Reynolds Bone & Griesbeck Rolls Along With Changing City

The accounting firm of Reynolds Bone & Griesbeck PLC has been around since 1916, when it was known as Shannon Reynolds & Bone.

LOCAL COLUMNISTS

Mutually Beneficial Networking

Many business professionals think of networking as mainly attending events and exchanging business cards. Then you go back to your office and connect on LinkedIn or some similar networking service and wait for the magic to happen. And it rarely does.

Entrepreneurial Spirit Alive in Memphis

Steve Jobs once said, “Here’s to the crazy ones, the misfits, the rebels, the troublemakers, the square pegs in the round holes … the ones who see things differently … they push the human race forward, and while some may see them as the crazy ones, we see genius, because the ones who are crazy enough to think they can change the world, are the ones who do.”

MEMPHIS AREA

Missouri Financial Adviser Gets Probation in Memphis

MEMPHIS (AP) – A Missouri financial adviser and campaign fundraiser for President Barack Obama was sentenced to six months of house arrest and five years' probation Monday for conducting a bizarre plot to stalk her daughter's ex-boyfriend.

STATE GOVERNMENT

Tennessee Lawmakers Drafting Hemp Bill

KNOXVILLE (AP) – Two state lawmakers in Tennessee are pointing to Kentucky's recent approval of hemp farming as they push for a similar measure.

REGIONAL

Mississippi Casino Revenue Again Drops Sharply in July

JACKSON, Miss. (AP) – A sharp drop in coastal casino revenue contributed to a 6 percent drop in Mississippi gambling revenue in July.

NATIONAL BUSINESS

Nasdaq Breakdown Puts Pressure on Crisis Work

WASHINGTON (AP) – The latest high-tech disruption in the financial markets increases the pressure on Nasdaq and other electronic exchanges to take steps to avoid future breakdowns and manage them better if they do occur.

Bank of America Reviewing Work Conditions for Junior Workers

Bank of America Merrill Lynch said Friday that it will be reviewing working conditions of its employees, particularly those of junior staffers, after the death of one of its interns.

TECHNOLOGY

Microsoft Says CEO Ballmer to Retire in 12 Months

NEW YORK (AP) – Microsoft CEO Steve Ballmer, known as much for his zany personality as his business discipline, will leave a legacy of mixed results and a monumental challenge for his yet-to-be-named successor.

Department of Justice Proposes Shorter E-Books Injunction for Apple

Apple may face a reduced punishment for conspiring with publishers to raise e-book prices under a new proposal from the federal government.

SPORTS

Liberty Bowl Announces Six-Year Deal With Big 12

MEMPHIS (AP) – The Liberty Bowl has reached a six-year deal with the Big 12 that will take effect in the 2014 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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