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VOL. 128 | NO. 225 | Monday, November 18, 2013
EMPHASIS Financial Services

Community Impact

Banks, financial institutions sponsor and help fund civic efforts throughout community

Attendees on the opening night of the Indie Memphis Film Festival a few weeks ago saw splashed on movie screens, before their features got underway, the logo of Memphis-based investment firm Duncan-Williams Inc. and its two-word motto of “Do Well.”

Howell Handles Tax Burdens for Small Businesses

Imagine having to calculate the sales tax for your product sold across every state in the country.

Banks Tweak Checking, Online Options

As the two banks with the biggest customer deposit shares in Memphis, First Tennessee Bank and Regions Bank must stay closely in touch with their clients’ checking and online banking needs.

Legacy Wealth Management to Relocate Office

Legacy Wealth Management Inc. is moving to the Renaissance Center.

Local Weather
Today
Memphis, TN
47°F
Fair
Wind: 7 mph
Humidity: 41%

EVENTS

The Shelby County Trustee’s Office will host a “Home Sweet Home” workshop for seniors Monday, Nov. 18, from 10 a.m. to noon at the Goodwill Senior Center, 163 W. Raines Road. Trustee staff will provide information on senior property taxes and how to effectively pass property to heirs. Cost is free. Visit shelbycountytrustee.com.

more events »

Commission Considers County Pay Raises

Shelby County Commissioners take up proposed pay raises Monday, Nov. 18, for the offices of Shelby County mayor, Shelby County sheriff and four other countywide elected officials.

Christ Community Opens Women’s Health Center

The two health care providers that competed two years ago for Shelby County government’s family planning services contract now have facilities in the same block of Poplar Avenue east of East Parkway.

TruGreen’s Issue was Keeping Customers

The ServiceMaster Co.’s TruGreen lawn-service division has at least 300,000 fewer customers than it did two years ago, just before the Memphis-based commercial- and residential-services provider began seeing a decline in TruGreen’s numbers.

Guards, Balance Key Tigers’ Tuneup

An Austin Nichols dunk off a turnover and a Shaq Goodwin assist; a Joe Jackson driving layup; a Geron Johnson “wow” backwards dunk on a fastbreak off a Jackson steal and assist; and a Michael Dixon jumper off another Jackson steal and assist.

GOVERNMENT AGENDA

Nov. 18 Shelby County Commission Agenda

The Shelby County Commission will meet Monday, Nov. 18, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for an agenda.

SMALL BUSINESS SPOTLIGHT

Family Roots Keep Lipscomb & Pitts on Path

Lipscomb & Pitts was founded on Oct. 1, 1954, by Mathew Lipscomb Jr. and John Pitts, both veterans of World War II who had come home to become the top two sales leaders in the southeast for Liberty Mutual Insurance Co.

LOCAL COLUMNISTS

End User Holds the Keys

Last week we had Shekhar Mitra, the former head of global research and development for Procter & Gamble in Memphis for a strategy working session with our Southern Growth Ventures portfolio company, Dermaflage. We are very fortunate to have Mr. Mitra on the board, and we asked him to share his innovation model with the team over lunch.

Education That Works is Win-Win-Win Idea

John Adams expressed his thoughts on education saying, “There are two educations. One should teach us how to make a living, and the other, how to live.” His words seem to foreshadow a high school here in Memphis whose mission is to do just that.

Purchasing Power as a Mental Construct

I frequently hear radio ads by mortgage companies touting the importance of “locking in low interest rates,” which will theoretically increase your “purchasing power.”

STATEWIDE

US Union Vote Won't Affect Volkswagen Plans

NASHVILLE (AP) – A top Volkswagen labor official says a pending decision about union representation for workers at the automaker's lone U.S. plant will have no bearing on whether the company will decide to add the production of another vehicle there.

Dot Foods Breaks Ground on Dyersburg Facility

A windy, cold morning would not keep civic leaders, elected officials and the Dyersburg community from giving a warm welcome to Dot Foods Inc. and its senior managers on Thursday morning as they broke ground on a new home. Company leaders gathered with the Dyersburg community to place the first shovels in the ground for a $24 million distribution center in Dyersburg Industrial Park next to the Nordyne building off Highway 211. The 166,494-square-foot distribution center is scheduled for completion by September 2014 making it the company's ninth distribution center in the United States.

NATIONAL BUSINESS

JPMorgan Chase Reaches $4.5 Billion Deal With Investors

JPMorgan Chase & Co. has reached a $4.5 billion settlement with investors who said the bank deceived them about bad mortgage investments.

US Wholesalers Boost Stockpiles for Third Month

WASHINGTON (AP) – U.S. wholesalers increased their stockpiles in September for the third straight month, an indication that they expect more demand from businesses and consumers.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 269 16,682
MORTGAGES 0 313 21,745
FORECLOSURE NOTICES 0 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 0 287 15,829
BUSINESS LICENSES 0 67 5,558
UTILITY CONNECTIONS 0 413 23,986
MARRIAGE LICENSES 0 94 5,129

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