VOL. 128 | NO. 13 | Friday, January 18, 2013
Jack Sammons was elected Thursday, Jan. 17, as the new chairman of the Memphis-Shelby County Airport Authority board of commissioners.
Electrolux plant shows shift in economic development strategies
Memphis Mayor A C Wharton Jr. called the Electrolux Memphis manufacturing plant a “monster plant” this week after a tour of the $266 million manufacturing center in Frank C. Pidgeon Industrial Park.
Memphis-based First Horizon National Corp. booked a profit of $41 million in the fourth quarter and generated earnings in line with Wall Street expectations of 17 cents a share.
Victory Packaging soon will relocate its entire Southaven branch operation to the Southeast Memphis industrial submarket.
Construction is about to get under way on the University of Memphis’ Crews Ventures Lab, a business startup facilitator and incubator that will expand the possibilities available to the school’s entrepreneurially minded students.
Bankruptcy filings in Shelby County were up slightly in 2012 compared to 2011. Chapter 13 filings with repayment plans made up most of the total.
The 3,144 bankruptcy filings in Shelby County during the last three months of 2012 equal about a fourth of the year’s total.
Club Crave, the latest nightclub at 380 Beale St. with a history of violence, is dead.
MEMPHIS STANDOUT
In 2002, Ben Avant, now 35, was a young, Charleston, S.C.-based stock and bond trader with a world of possibilities at his feet and a heavy choice to make.
Is the Grizzlies’ potential not-yet-realized or grossly overestimated? That’s the only relevant question in the midst of Rudy Rumors, speculation about coach Lionel Hollins’ long-term future with the team, and the level of commitment new ownership is or isn’t willing to make in the here and now to this particular roster.
Deadspin.com has been getting a lot of publicity for breaking the story about the Manti Te’o girlfriend hoax. But the site also compiled a list that is of far more relevance to local NBA fans:
LOCAL COLUMNISTS
COME ON BACK TO ELMWOOD, GENERAL FORREST. And bring the missus and the horse along. The family’s waiting.
Successful fundraising begins long before a fundraising plan is ever created. It starts with your organization’s vision and mission. These two items are at the core of nonprofit operations. It is the vision and mission that drive your strategic direction and goals. And it is the strategic direction that influences fundraising and the use of funds.
STATEWIDE
NASHVILLE (AP) – Two General Motors plants 90 miles apart will be utilized to build the newest incarnation of the Chevrolet Corvette sports car.
REGIONAL
JACKSON, Miss. (AP) – Mississippi's economy is growing gradually but still lags behind the pace of the U.S. economy overall, an expert told state lawmakers Thursday.
NATIONAL BUSINESS
WASHINGTON (AP) – The number of Americans seeking unemployment aid plummeted to a five-year low last week, a hopeful sign the job market may be improving. But much of the decline reflects seasonal volatility in the data.
NATIONAL GOVERNMENT
GRANTS PASS, Ore. (AP) – From Oregon to Mississippi, President Barack Obama's proposed ban on new assault weapons and large-capacity magazines struck a nerve among rural lawmen and lawmakers, many of whom vowed to ignore any restrictions – and even try to stop federal officials from enforcing gun policy in their jurisdictions.
NEW ORLEANS (AP) – Inspectors taking the first-ever inventory of flood control systems overseen by the federal government have found hundreds of structures at risk of failing and endangering people and property in 37 states.