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VOL. 128 | NO. 26 | Thursday, February 7, 2013

FedEx Officers, Directors Accept Buyout Plan

NEW YORK (AP) FedEx Co., the world's second biggest package delivery company, will lose more than 10 percent of its U.S.-based executives under a voluntary buyout plan.

January Home Sales Up 46 Percent

January home sales increased 46 percent from the same month last year, and pricing and new-home transactions improved year over year as well.

Expanding Distribution

Budweiser of Memphis works to expand local craft brew scene

Budweiser of Memphis is dedicated to expanding the craft beer segment in Memphis following its acquisition of Southwestern Distributing’s sizable craft beer portfolio last October, making Budweiser of Memphis the largest wholesaler of craft beer in the Memphis market.

Legislation Propels Parks Controversy to New Level

As Shelby County suburban leaders were meeting in Nashville Tuesday, Feb. 5, with Tennessee legislators about possible moves toward some version of suburban school districts, the Memphis City Council was reacting to a pending bill in the state Legislature.

Memphis Law Firm Now Part of Regional Practice

Rebecca Adelman’s new law firm launched Jan. 1 after a group of attorneys left one firm to start a new practice with her.

Local Weather
Today
Memphis, TN
73°F
Mostly Cloudy
Wind: 8 mph
Humidity: 73%

EVENTS

The Association of Fundraising Professionals will meet Thursday, Feb. 7, from 11:30 a.m. to 1 p.m. in the Thomas Center at Christian Brothers University, 650 East Parkway S. The topic covers building meaningful relationships. Cost is $15 for members and $25 for nonmembers. Visit afpmemphis.org.

more events »

Henry Focuses on Better State Credit Ratings

State Sen. Douglas Henry, D-Nashville, the longest-serving member of the General Assembly that recently convened, looks ahead with a simple, focused determination.

MEMPHIS LAW TALK

Austin Takes Reins Of Wolf River Conservancy

Commercial real estate lawyer Stewart Austin of Glankler Brown, PLLC, has been named the new board president for the Wolf River Conservancy as of Jan. 1.

LOCAL COLUMNISTS

Reconsider Your W-4 Withholding

Ray’s Take It’s that time of year again. Your mailbox is receiving the annual tax form allotment. In addition to filing your income tax, take time to evaluate your withholding. It might be that you should adjust the deductions on your W-4 form to change the amount withheld from your paychecks.

What Tangled Webs of Ego

In December, the star athlete was in New York for the festivities surrounding the presentation of a major sports award. The media were all over him, and he, thus, was on his best behavior – perhaps. He was, I take it, on that circuit that athletes apparently are put on by silent agents, wherein they get their pictures taken while bringing cheer to people with bleak futures – such as sportswriters.

REGIONAL

Arkansas Senate Panel Backs Abortion Coverage Ban

LITTLE ROCK, Ark. (AP) – An Arkansas Senate panel approved a measure Wednesday banning insurers participating in an exchange created under the health care law from covering most abortions, while the sponsor of legislation banning abortions 20 weeks into a pregnancy said he's facing resistance for it not exempting victims of rape or incest.

Beebe Asks Feds to Weigh in on Medicaid Proposal

LITTLE ROCK, Ark. (AP) – Gov. Mike Beebe has asked the federal government whether Arkansans who earn just above the poverty level could choose private health insurance on the state's exchange rather than Medicaid coverage.

Southern Steam Locomotive Trips Planned for Spring

NORFOLK, Va. (AP) – Norfolk Southern is partnering with the Tennessee Valley Railroad Museum and the Fort Wayne Railroad Historical Society to host steam locomotive excursion trips in 2013.

NATIONAL GOVERNMENT

Outdoor Retail Executive Picked for Interior

WASHINGTON (AP) – President Barack Obama on Wednesday nominated outdoor business executive Sally Jewell to lead the Interior Department.

GOP Lawmakers Offer Alternative to Automatic Cuts

WASHINGTON (AP) – A group of GOP lawmakers from the House and Senate is offering a plan to cut the federal workforce and use the savings to replace $85 billion in across-the-board budget cuts to the Pentagon and domestic programs.

Postal Service to Cut Saturday Mail

WASHINGTON (AP) – The financially struggling U.S. Postal Service said Wednesday it will stop delivering mail on Saturdays but continue to disburse packages six days a week, an apparent end-run around an unaccommodating Congress.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 64 324 13,221
MORTGAGES 107 477 17,235
FORECLOSURE NOTICES 0 62 3,362
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 67 276 12,619
BUSINESS LICENSES 22 87 4,576
UTILITY CONNECTIONS 71 487 19,380
MARRIAGE LICENSES 28 122 4,031

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