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VOL. 128 | NO. 244 | Monday, December 16, 2013
EMPHASIS Regional Business

Hot-Button Issue

Calls for discussion on incentives grow as city fights for jobs

When the Economic Development Growth Engine of Memphis and Shelby County was formed in 2011, president and CEO Reid Dulberger knew it would take the organization a little time to gain its footing.

Out-of-Town Banks Target Memphis for Growth

More than 40 percent of the customer deposit share in the Memphis-area banking market belongs to institutions that have a presence here but are based outside the area, the latest figures from the Federal Deposit Insurance Corp show.

Srivastava Shapes Area’s Transportation Future as MPO Administrator

Pragati Srivastava, administrator for the Memphis Urban Area Metropolitan Planning Organization, is passionate about transportation and travel.

Pay Raises, Germantown Schools Deal Top Commission Agenda

Shelby County Commissioners won’t be voting on anything having to do with the proposed sale of AutoZone Park when they meet Monday, Dec. 16.

DMC to Oversee Interim Management of Beale

Beale Street developer John Elkington will mark his departure from the development and management of the entertainment district this week, ahead of what looks to be a formal exit at the end of the month.

Achievement School District Prepares for Third Year

It was already official before Achievement School District superintendent Chris Barbic made the formal announcement last week.

UTHSC Taps Davis to Lead Biomedical Informatics

Dr. Robert L. Davis has been appointed as the founding director of the University of Tennessee Health Science Center’s Center in Biomedical Informatics and the University of Tennessee-Oak Ridge National Laboratory Governor’s Chair in Biomedical Informatics.

University of Memphis Players Garner Conference Honors

University of Memphis senior punter Tom Hornsey won the 2013 Ray Guy Award Thursday, Dec. 12, during The Home Depot College Football Awards presented by ESPN.

GOVERNMENT AGENDA

Dec. 16 Shelby County Commission Agenda

The Shelby County Commission will meet Monday, Dec. 16, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for an agenda.

SMALL BUSINESS SPOTLIGHT

APS’ Goal: Giving Region’s Businesses What They Need

APS Facility Maintenance was founded by Lorenzo Myrick as a janitorial staffing company in 1998.

LOCAL COLUMNISTS

Since When is Failure Good?

Failure is the new business and innovation buzzword. Magazine articles, consultants and even professors are encouraging everyone to “learn to fail.”

Lucchesi a True Memphis Legend

Winston Churchill once said, “We make a living by what we get, we make a life by what we give.” Angelo Lucchesi did both.

STATE GOVERNMENT

Haslam Unsure of Reason for Few Court Applicants

NASHVILLE (AP) – They sit at the pinnacle of Tennessee's justice system, enjoying power, privileges, prestige – and even a job nearly for life, once in office.

NATIONAL BUSINESS

Federal Judge Approves Swipe Fee Settlement

A U.S. federal judge has approved a $7.25 billion settlement between merchants and Visa Inc. and MasterCard Inc. over credit card transaction fees.

American Airlines Orders 90 Regional Jets

FORT WORTH, Texas (AP) – American Airlines, fresh out of bankruptcy and newly merged with US Airways, said Thursday that it will buy 90 new regional jets from Brazil's Embraer S.A. and Canada's Bombardier Inc. and use them to replace smaller, less fuel-efficient planes.

NATIONAL GOVERNMENT

Court to Decide Whether Investing Suit Can Move Forward

WASHINGTON (AP) – The Supreme Court will weigh in on a lawsuit against Fifth Third Bancorp accusing management of irresponsibly investing employee retirement money in the bank's then-failing stock.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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