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VOL. 128 | NO. 112 | Monday, June 10, 2013

Cozymel’s Site Could Grow in Scope

Now that the old Cozymel’s restaurant has been razed, public documents shed light on what is in store for the Poplar Avenue property.

Putting On for Their City

Friends turn passion into apparel venture Hoop City Memphis

It started about a year ago, with two friends who wanted some upbeat, fun threads to wear to Memphis Grizzlies and University of Memphis basketball games.

FedEx Freight Raising Rates 4.5 Percent

MEMPHIS (AP) FedEx Corp. said its freight unit will raise rates by 4.5 percent beginning July 1.

First Tennessee Buys Mountain National Bank

First Tennessee Bank has bought a failed bank from the Federal Deposit Insurance Corp.

Daily News Seminar Spotlights Financial Hot Topics

Craig Dismuke, the chief economic strategist of Vining Sparks IBG LP, opened his keynote address at The Daily News’ “Money and Markets” seminar Thursday, June 6, with a story that brought some insight into the wisdom that people – often erroneously – ascribe to experts in various fields, including economists.

Local Weather
Today
Memphis, TN
47°F
Partly Cloudy
Wind: 0 mph
Humidity: 83%

EVENTS

The University of Memphis Center for Entrepreneurship and Innovation will host a business boot camp information meeting for active and retired military personnel Monday, June 10, at 5 p.m. at the Family & Support Service Center on the Naval Support Activity Mid-South base, 5722 Integrity Drive. The boot camp kicks off with skills-building classes Saturday, June 22, at The University of Memphis. For details, email kcnklnpn@memphis.edu or call 678-5266.

more events »

Next Goal for City Budget: Consensus

For now, Memphis City Council members have more questions than consensus about which end is up on the proposed city budget for the fiscal year that is three weeks away.

SMALL BUSINESS SPOTLIGHT

Photography Studio Offers ‘More Than Memories’

Allison Rodgers will tell you that the most natural smile occurs going into, and coming out of, a laugh.

LOCAL COLUMNISTS

Speculating About Modern Workplace

Anthropology is the study of humankind. Among other things, anthropologists try to figure out how groups of people have worked together throughout history in ways to increase the odds the group will survive and prosper.

STATEWIDE

FDA Finds Fungus in Drugs From Tennessee Pharmacy

WASHINGTON (AP) – Federal health officials say they have found bacteria and fungus in drug vials from a Tennessee specialty pharmacy that recalled all of its injectable medicines last month.

NATIONAL BUSINESS

US Consumer Borrowing Up $11.1 Billion in April

WASHINGTON (AP) – Americans borrowed more in April to attend college and buy cars and were a little less cautious with their credit cards than the previous month.

S&P Gives Freddie Mac 'Above Average' Servicer Ranking

NEW YORK (AP) – Standard & Poor's for the first time has assigned Freddie Mac a ranking as a loan servicer, giving the government-controlled mortgage giant an "Above Average" ranking for its servicing of loans tied to rental apartment buildings.

NATIONAL GOVERNMENT

Is Big Data Turning Government Into 'Big Brother'?

SAN FRANCISCO (AP) – With every phone call they make and every Web excursion they take, people are leaving a digital trail of revealing data that can be tracked by profit-seeking companies and terrorist-hunting government officials.

Canada Threatens Tariffs Against US Products

TORONTO (AP) – Canada warned Friday that it may impose tariffs on everything from orange juice to bread if the United States doesn't change a meat-labeling policy that Canadian beef and pork industries say is costing them more than CA$1 billion (US$979 million) a year.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 311 15,028
MORTGAGES 83 338 19,668
FORECLOSURE NOTICES 0 43 3,838
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 61 243 14,277
BUSINESS LICENSES 16 120 5,111
UTILITY CONNECTIONS 70 316 21,749
MARRIAGE LICENSES 0 75 4,632

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