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VOL. 128 | NO. 86 | Thursday, May 2, 2013

International Paper’s Net Earnings Up

Memphis-based International Paper Co. reported net earnings Thursday, May 2, of $318 million for the first quarter of 2013, a $130 million increase from a year ago.

Medical Metrics

Memphis-made VeinViewer increasing patient satisfaction at hospitals

A provision of the Affordable Care Act that ties patient satisfaction to reimbursement has been a boon for medical device maker Christie Medical Holdings Inc.

Smith & Nephew Profit Falls 10 Percent

Smith & Nephew PLC said it will start a $300 million share buyback program and buy an Indian orthopedic trauma company, after a first-quarter slump in profit.

School Board Approached by Suburbs

A new round of talks about the schools merger and municipal school districts is about to begin.

Siblings Behind Pop-Up Shop Plan

Later this month, three independent retail shops that stretch from Oxford, Miss., to East Memphis will join forces Downtown for a one-day “pop-up shop” event that includes food and music.

Local Weather
Today
Memphis, TN
85°F
Mostly Cloudy
Wind: 3 mph
Humidity: 40%

EVENTS

The Association of Fundraising Professionals Memphis chapter will meet Thursday, May 2, from 11:30 a.m. to 1 p.m. at Ballet Memphis, 7950 Trinity Road. Dorothy Gunther Pugh, founding artistic director and executive director of Ballet Memphis, will discuss relationship building and leadership. Cost is $15 for members and $25 for nonmembers. Register at afpmemphis.org.

more events »

Luttrell: County Budget Reaching Cuts Limit

Shelby County Mayor Mark Luttrell refers to county government as “wholesale level government.”

MEMPHIS LAW TALK

Coupé Works to Protect City’s Most Vulnerable

As supervising attorney over both the Judge’s Action Center and the Office of Advocate for Noncustodial Parents at Memphis-Shelby County Juvenile Court, Tom Coupé works to ensure that the most vulnerable members of society are being fairly and equally represented.

LOCAL COLUMNISTS

Consider Norwegian Approach

Ray’s Take Modern Portfolio Theory argues it’s essential to determine the right mix of investments for your portfolio so your level of risk tolerance is balanced with opportunities gained. A portfolio of 60 percent stocks and 40 percent bonds has long been considered a standard.

Please, Please Belize! Part 2

In last week’s column, I told how a guy from another city and state who spends his winters in Belize wound up with a dead ringer for my phone number on a cell phone he bought in that country. Starting with Belize’s country code, 501, being identical to Arkansas’ 501 area code and continuing through each and every one of the last seven digits, “George’s” cell number is identical to my home land line.

STATEWIDE

Gov. Haslam's Former Boss to Oversee Pilot Flying J Probe

Brad Martin, the newly appointed interim president of the University of Memphis who once hired Gov. Bill Haslam as an executive at Saks Inc., has been named by Pilot Flying J to oversee an internal investigation into FBI allegations of fraudulent business practices involving rebates to trucking customers.

New Common Core Standards Raise Questions in Tennessee

NASHVILLE (AP) – Proponents of a new set of uniform benchmarks for math and reading say they're needed to better prepare students for college and the workforce, but critics of the measures contend they don't know enough about them and are concerned about the federal government's involvement.

NATIONAL BUSINESS

Unemployment Rates Fall in 90 Percent of US Cities

WASHINGTON (AP) – Unemployment rates fell in nearly 90 percent of large U.S. cities in March, though most of the declines likely occurred because more Americans stopped looking for work, rather than found jobs.

NATIONAL GOVERNMENT

Obama Signs Legislation Ending FAA Furloughs

WASHINGTON (AP) – President Barack Obama has signed into law a bill to end furloughs of air traffic controllers.

Congressman, Former Lobbyist Get Housing, FCC Nods

WASHINGTON (AP) – President Barack Obama on Wednesday tapped a veteran Democratic congressman to lead the Federal Housing Finance Agency and a top fundraiser and former lobbyist to head up the Federal Communications Commission.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 154 13,810
MORTGAGES 135 193 18,019
FORECLOSURE NOTICES 15 39 3,544
BUILDING PERMITS 430 430 32,733
BANKRUPTCIES 52 130 13,133
BUSINESS LICENSES 20 45 4,750
UTILITY CONNECTIONS 83 204 20,104
MARRIAGE LICENSES 0 33 4,230

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