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VOL. 128 | NO. 206 | Tuesday, October 22, 2013

Smaller Manufacturers Feel Device Tax

Controversy continues to swirl around the new medical device excise tax that went into effect on Jan. 1.

Industry Spotlight

Musculoskeletal conference kicks off at U of M this week

An audience of a few hundred people, including investors, entrepreneurs, researchers, clinicians and musculoskeletal industry leaders, is gathering in Memphis this week to network, learn about new business opportunities and hear about companies like Restore Medical Solutions, a Memphis-based medical device startup.

Fullilove’s Funding Push Raises Legal Questioning

Memphis City Council member Janis Fullilove pushed hard for $1.5 million in city funding for the renovation of Southbrook Mall in Whitehaven.

Hopson Offers Clues on Suburban Schools Transition

Shelby County Schools superintendent Dorsey Hopson says it is looking less likely that the school system will provide support services to the new suburban school districts.

Catholic Charities Launches Program For Homeless Veterans

This month Catholic Charities of West Tennessee launches a new program called St. Sebastian Veteran Services to provide critical assistance to homeless veterans and their families and to those facing imminent eviction or foreclosure.

Local Weather
Today
Memphis, TN
59°F
Fair
Wind: 0 mph
Humidity: 83%

EVENTS

The Greater Memphis Chamber will host its October Lunch in the Know on Tuesday, Oct. 22, from 11:30 a.m. to 1 p.m. at Baptist Memorial Hospital-Memphis Medical Plaza B, 6027 Walnut Grove Road. Lisa Leach and Tanja Thompson, shareholders at Littler Mendelson PC, will present “Managing the Toxic Employee.” Cost is free for chamber members; lunch is provided. Email tlee@memphischamber.com.

more events »

Football Part of Planning at LeMoyne-Owen

The new $13.5 million four-story residence hall at LeMoyne-Owen College that formally opened Friday, Oct. 18, is the latest symbol of growth on the campus of the city’s only historically black college since 2006.

REAL ESTATE RECAP

Campbell Clinic Pays $3.2 Million for Surgery Center

255 Dr. Martin Luther King Jr. Memphis, TN 38104, Sale Amount: $3.2 million -
Campbell Clinic has paid $3.2 million for the Midtown Surgery Center at 255 Dr. Martin Luther King Jr. Ave.

LOCAL COLUMNISTS

Beware Of Fundraising By Crisis

The first 16 days of October were a demonstration of “governing by crisis.” The federal government was shut down, hundreds of thousands of government employees were furloughed; small businesses, nonprofits, and individuals were impacted in ways big and small; and the business of governing was brought to a standstill because Congress could not pass a budget.

Reconfigured Interchange To Improve Traffic Flow

Phase II of substantial improvements are about to begin on the Interstate 40/240 interchange in East Memphis that will address the expected traffic increase in this area for decades to come. The average daily traffic (ADT) on I-40 has grown from 49,000 vehicles in 1985 to about 200,000 vehicles a day in 2013. By 2035, projections show the interchange could be handling well over 350,000 vehicles.

STATEWIDE

Same-Sex Couples Challenge Tennessee Marriage Laws

NASHVILLE, Tenn. (AP) — Four same-sex couples who were legally married in other states filed a lawsuit Monday challenging Tennessee's laws that prohibit recognition of their marriages.

Panel Opens Applications for Judicial Vacancies

NASHVILLE, Tenn. (AP) — The application process for upcoming judicial vacancies on two Tennessee courts is underway again after Gov. Bill Haslam created a new panel to vet applicants.

Titans Owner Bud Adams Has Died at Age 90

NASHVILLE, Tenn. (AP) — Titans owner Bud Adams, who helped found the American Football League and whose battles for players helped lead to the merger with the NFL, has died. He was 90.

REGIONAL

Audit: TVA Overbilled for Ash Spill Cleanup Work

The Tennessee Valley Authority's inspector general says a company overbilled the federal utility for work to clean up a 2008 ash spill at the Kingston Fossil Plant.

NATIONAL BUSINESS

Thieves Pose as Truckers to Steal Huge Cargo Loads

WICHITA, Kan. (AP) — To steal huge shipments of valuable cargo, thieves are turning to a deceptively simple tactic: They pose as truckers, load the freight onto their own tractor-trailers and drive away with it.

REAL ESTATE

US Existing-Home Sales Drop 1.9 Percent in September

WASHINGTON (AP) — Americans bought fewer existing homes in September than the previous month, held back by higher mortgage rates and rising prices.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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