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VOL. 128 | NO. 60 | Wednesday, March 27, 2013

Haslam Rejects Medicaid Expansion

Tennessee will not accept an expansion of Medicaid funding under the Affordable Care Act, Gov. Bill Haslam announced Wednesday, March 27, to a joint session of the state’s General Assembly.

Fresh Focus

Family-owned Mosa Asian Bistro continues success in evolving market

For family-owned Mosa Asian Bistro in East Memphis, freshness is the key to success.

Hopson Heads Both School Systems

The city and county school systems have a single school superintendent less than five months from the start of the first school year of the consolidated school system in Shelby County.

Shortages Impact Compounding Pharmacies

In recent years, the U.S. Food and Drug Administration has reported an increase in the number of drug shortages and discontinuations.

Highwoods to Develop International Paper Tower

The future of International Paper Co. in Memphis, where it’s long been based and where it recently reached a deal to solidify its presence here, is taking shape.

Local Weather
Today
Memphis, TN
79°F
Partly Cloudy
Wind: 8 mph
Humidity: 44%

EVENTS

Kiwanis Club of Memphis will meet Wednesday, March 27, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. Bill Gracey, CEO of BlueCross BlueShield of Tennessee, will speak. Cost is $18 for nonmembers.

more events »

Companies Investing $20 Million at Agricenter

Bayer CropScience and Helena Chemical Co. have committed to separate investments at Agricenter International totaling nearly $20 million.

Laurelwood Unplugged Back for Third Season

Two years ago, the owners of the Laurelwood Shopping Center wanted to experiment with something unconventional that would serve as a treat for shoppers – a live music concert series.

Beale District Future Mapped Out in Report

Whatever comes next for the Beale Street entertainment district, the city of Memphis isn’t likely to turn over the three blocks of real estate for several decades to a developer and the nonprofit middleman, Beale Street Development Corp.

MEMPHIS NEWSMAKERS

Phipps Named Vice President, COO at American Esoteric Laboratories

Dr. Amber R. Phipps has joined American Esoteric Laboratories, the Mid-South division of Sonic Healthcare USA, as vice president and chief operations officer. In her new role, Phipps will oversee all operations for AEL, which includes nine laboratories and more than 800 employees in six states. A captain in the U.S. Army Reserves, Phipps most recently served as a medical operations officer stationed at Fort Sam Houston, Texas.

LOCAL COLUMNISTS

Make Memorable Impressions at Networking Events

Find yourself attending countless networking events with little result in new business generated? It’s possible you’re just not leaving a memorable impression. But don’t take it personally. Most attendees are more focused on what they’re going to say than what you or anyone else is saying. That’s why deploying attention-grabbing strategies are essential to generating a real return on your networking time investment.

Companies Need to Think Like Venture Capitalists

Last week we discussed the concept of the intrapreneur and our conviction that companies must add the pressures of failure and constrained resources to get ingenuity. Real entrepreneurs have vision, resilience and fortitude. Their natural drive, focus on survival and ability to pivot with the market is what generates market winners. It is the natural selection process at work. This is why VCs think the team is most critical, and companies looking to innovate should too.

MEMPHIS AREA

FedEx to Buy Boeing Jets From United Airlines

FedEx Corp. says it will buy up to 30 Boeing aircraft from United Airlines and convert them into cargo planes.

Accused Squatter Wants to be Own Lawyer in Case

MEMPHIS (AP) – A woman charged with squatting at a $3 million Memphis-area home says she wants to represent herself in the case.

STATE GOVERNMENT

House Sends Public Notices Bill to Governor's Desk

NASHVILLE (AP) – The House has given final approval to a bill requiring public notices to be published on newspaper websites, sending the measure for the governor's signature.

Senators Press to Allow Student IDs for Voting

NASHVILLE (AP) – The Senate sponsor of a bill to allow people to display student IDs to vote said Monday he plans to press ahead with the matter even through the version approved by the House would not allow the practice.

Bill to Give Lawmakers Security Clearance Fails

NASHVILLE (AP) – A proposal to give security clearance to certain lawmakers is dead this session.

Bill Would Increase Fine for Not Wearing Seat Belt

NASHVILLE (AP) – Legislation that would increase the fine for not wearing a seat belt is scheduled to be heard by lawmakers on Tuesday.

Sponsor Drops Bill to Eliminate Vanderbilt Police

NASHVILLE (AP) – State Rep. Mark Pody has dropped his bill seeking to strip Vanderbilt University of its police powers because of the school's nondiscrimination policy for student groups.

NATIONAL BUSINESS

Housing, Manufacturing Give US Economy Lift

WASHINGTON (AP) – Gains in housing and manufacturing propelled the U.S. economy over the winter, according to reports released Tuesday, and analysts say they point to the resilience of consumers and businesses as government spending cuts kick in.

REAL ESTATE

Sales of New US Homes Slip 4.6 Percent in February

WASHINGTON (AP) – Sales of new homes fell in February after climbing to the highest level in more than four years in January.

HEALTH CARE

Study: Health Overhaul to Raise Claims Cost 32 Percent

WASHINGTON (AP) – Medical claims costs – the biggest driver of health insurance premiums – will jump an average 32 percent for Americans' individual policies under President Barack Obama's overhaul, according to a study by the nation's leading group of financial risk analysts.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 218 10,440
MORTGAGES 91 293 13,620
FORECLOSURE NOTICES 0 43 2,687
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 62 184 10,076
BUSINESS LICENSES 25 62 3,798
UTILITY CONNECTIONS 90 338 14,895
MARRIAGE LICENSES 10 68 3,235

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