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VOL. 128 | NO. 211 | Tuesday, October 29, 2013

School Board Approves Suburban Schools Negotiation Framework

Shelby County Schools board members voted Monday, Oct. 28, to authorize superintendent Dorsey Hopson to negotiate 40-year leases on schools within the six suburban towns and cities in Shelby County between Shelby County Schools and the still forming suburban school systems.

Growth Story

EM Printing continues to expand with Jaco-Bryant acquisition

Bartlett-based EM Printing, which earlier this month completed the acquisition of rival commercial printing company Jaco-Bryant Printers Inc., has come a long way in the three decades since Ken Quick started the business in the 300-square-foot garage behind his parents’ home.

Commission Delays EDGE Appointment Resolution

Shelby County Commissioners put off a vote Monday, Oct. 28, on a “resolution of intent” in which the commission would withhold approval of city government nominees to the board of the Economic Development Growth Engine – or EDGE – until the city pays its full share of the cost of the economic development organization.

Contractors Warn of Bad Surety Bonds

A rash of bad construction project surety bonds in three states and American Samoa landed at Memphis International Airport this summer with plans to demolish the Regency Hotel on the grounds of the airport.

Healthy Memphis Common Table Marks 10 Years of Promoting Health

With a motto of “eat healthy, eat less and move more,” Healthy Memphis Common Table (HMCT) has made its mark in the local community during the past decade, encouraging the public to lead healthier lifestyles and to “get activated” with their health and health care options.

Local Weather
Today
Memphis, TN
46°F
Cloudy
Wind: 0 mph
Humidity: 68%

EVENTS

Memphis Botanic Garden will host the Spooky Spirits Tuesdays on the Terrace wine tasting Tuesday, Oct. 29, from 6 p.m. to 8 p.m. at the garden, 750 Cherry Road. Tickets are $25 for members and $35 for nonmembers; reservations are required. Visit memphisbotanicgarden.com.

more events »

French Quarter Deal Hangs in Balance

A planned deal to redevelop the long-vacant French Quarter Suites Hotel near Overton Square is nearing a critical deadline.

Troubling Trends Emerge as Grizz Begin Season

First-year coach Dave Joerger had two goals heading into the Grizzlies’ eighth and final preseason game: “Don’t get anybody hurt, get better.”

Current Elections Merge With Future Campaigns

The campaigns for elections in 2013 are beginning to overlap with campaigns on the ballot in 2014.

Tigers Need Defense Against Cincinnati

The best part of the Tigers’ 34-29 loss to SMU – if there can be a best part – was linebacker Ryan Coleman tying an NCAA record by returning two fumbles for touchdowns.

REAL ESTATE RECAP

Hotel REIT Transfers 3 Germantown Properties

7750 Wolf River Parkway Germantown, TN 38138, 9314 Poplar Pike Germantown, TN 38138, 9320 Poplar Pike Germantown, TN 38138 -
Austin, Texas-based hotel real estate investment trust Summit Hotel Properties Inc. has transferred three Germantown hotels to related affiliates for a combined $5.7 million.

LOCAL COLUMNISTS

Home Sweet Veterans Home

Earlier this year we were introduced to a group of volunteers who want to ensure that veterans from the Memphis area have access to the services of a Veterans Home that is close to their family, friends and community.

Why Do Strategic Plans Fail?

Most successful businesses have strategic plans, usually created by a talented group of senior management executives or board members and facilitated by a skilled practitioner. Why then do so many good plans fail?

NATIONAL BUSINESS

Settlement Approved in Google Stock Split Lawsuit

WILMINGTON, Del. (AP) – A Delaware judge on Monday approved a settlement in a shareholder lawsuit challenging Google Inc.'s plans to split its stock and issue a new class of nonvoting shares.

Lexus, Toyota Top Auto Reliability Survey

DETROIT (AP) – Japan's lock on Consumer Reports' vehicle reliability rankings is starting to ease.

NATIONAL GOVERNMENT

Food Stamps, Milk Prices on Table in Farm Talks

WASHINGTON (AP) – The fight over renewing the nation's farm bill has centered on cuts to the $80 billion-a-year food stamp program. But there could be unintended consequences if no agreement is reached: higher milk prices.

Europe Mulls Sanctions Against US Over Spying

BERLIN (AP) – The United States could lose access to an important law enforcement tool used to track terrorist money flows, German officials said Monday, as Europe weighs a response to allegations that the Americans spied on their closest European allies.

REAL ESTATE

Signed Contracts to Buy US Homes Plunges

WASHINGTON (AP) – The number of Americans who signed contracts to buy existing homes fell in September to the lowest level in nine months. The decline reflects higher mortgage rates and home prices that have made purchases more costly.

HEALTH CARE

Merck Third-Quarter Net Income Falls on Charges, Lower Sales

Merck & Co.'s third-quarter profit plunged 35 percent because of competition from generic drugs, lower sales of its top-selling medicine, and restructuring and acquisition charges.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 301 17,656
MORTGAGES 101 347 22,998
FORECLOSURE NOTICES 21 59 4,488
BUILDING PERMITS 208 722 41,947
BANKRUPTCIES 61 237 16,629
BUSINESS LICENSES 11 61 5,762
UTILITY CONNECTIONS 60 256 25,125
MARRIAGE LICENSES 14 80 5,365

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