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VOL. 128 | NO. 182 | Wednesday, September 18, 2013

FedEx Says Quarterly Profit Up 7 Percent

MEMPHIS (AP) – FedEx says its quarterly profit rose 7 percent despite a dip in revenue in its FedEx Express unit, and it will raise prices in January.

Green Growth

Lead-based paint regulation boon for Tioga Environmental Consultants

Tioga Environmental Consultants is adding new staff and ramping up for an increased workload, due at least in part to new commercial regulations expected next year on lead-based paint in commercial facilities.

Hopson Three-Year Contract Approved By School Board.

Countywide school board members approved a three-year contract Tuesday, Sept. 17, that makes Dorsey Hopson the superintendent of Shelby County schools through Sept. 2, 2016 at a starting base pay of $269,000 a year.

Wharton Scraps Handy Park Lease

Memphis Mayor A C Wharton Jr. scrapped a proposed lease of Handy Park in the Beale Street entertainment district Tuesday, Sept. 17, that would have settled the federal bankruptcy case involving control of the district.

Memphis Landmarks Garner National Media Praise

The Memphis brand is having a moment.

Local Weather
Today
Memphis, TN
83°F
Partly Cloudy
Wind: 10 mph
Humidity: 74%

EVENTS

Kiwanis Club of Memphis will meet Wednesday, Sept. 18, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. William Rodney of Medicos will speak. Cost is $18 for nonmembers.

more events »

Early Voting Opens in State House Primary

Early voting opens Wednesday, Sept. 18, in the Democratic primary special election for State House District 91.

Haslam Cites Manufacturing Boom in Grants

Armed with a $16.5 million fund approved by the General Assembly, Tennessee Gov. Bill Haslam has lots of West Tennessee stops this week as he awards grants that will provide workforce training equipment to state schools certifying workers or training them for associate degrees.

Achievement School District Fields Questions at Carver

The Achievement School District and the charter school operator that could run Carver or Fairley high schools for the state-run school district got lots of questions and some skepticism Monday, Sept. 16, at Carver.

Hornsey Showcases Versatility as Tigers Punter

After a disappointing 0-2 start to the season, there are not a lot of topics that University of Memphis football coach Justin Fuente can embrace without qualifiers and caveats. But senior punter Tom Hornsey is one.

MEMPHIS NEWSMAKERS

Henry Named Sales Manager at Mercedes-Benz of Collierville

Edgar L. Henry II has been named sales manager for Mercedes-Benz of Collierville, scheduled to open next spring. In his new role, Henry will manage the sales of all new and pre-owned cars sold at the dealership.

LOCAL COLUMNISTS

6 Internet Marketing Myths Dispelled

We live in a digitally dominated world, and consumers quite often make decisions about brands based solely on their digital presence before ever making direct contact with an actual brand representative. While business owners and marketing professionals alike are beginning to recognize just how important it is to get their digital houses in order, there are still many internet marketing myths to be dispelled.

Time for a Rally Gut Check

A couple of weeks ago, we discussed the lack of unanimity in the emerging markets sell-off. While the emerging markets index suggested distress within the class, a closer look revealed that only a few countries were truly under fire.

STATEWIDE

Volkswagen Plant in Tennessee is Front-Runner for New SUV

DETROIT (AP) – Volkswagen AG says its factory in Tennessee is the front-runner to build a new SUV.

Vanderbilt Medical Center to Make More Job Cuts

NASHVILLE (AP) – Vanderbilt University Medical Center was expected to cut several hundred more jobs this week as part of a plan to eliminate more than 1,000 positions by the end of the year.

STATE GOVERNMENT

Haslam Disappointed in Superintendents' Petition

NASHVILLE (AP) – Gov. Bill Haslam says he was disappointed to hear of a petition signed by nearly half of the states' school superintendents that raised serious concerns about Education Commissioner Kevin Huffman.

REGIONAL

Bentley: Alabama has Few Options in International Paper Mill Closing

MONTGOMERY, Ala. (AP) – Alabama Gov. Robert Bentley said that the state is continuing to talk with International Paper about the future of its Lawrence County facility. However, company officials haven't indicated that there's anything the state can do to keep the 1,100-employee plant open.

NATIONAL BUSINESS

AP Survey: Sluggish Global Economic Recovery Ahead

WASHINGTON (AP) – A robust recovery for the global economy remains well out of reach.

Slower Holiday Sales Growth Predicted for 2013

Coming off of a weak back-to-school shopping period, a research firm expects holiday sales growth will be slower this year during the crucial holiday season. Shoppers are also expected to visit fewer stores as they research purchases online.

NATIONAL GOVERNMENT

New Study Warns of US Long-Term Debt Problems

WASHINGTON (AP) – The government could run out of cash to pay its bills in full and on time sometime between the end of October and the middle of November if lawmakers fail to increase its $16.7 trillion borrowing cap, Congressional Budget Office Director Doug Elmendorf said on Tuesday.

IRS Collections From Enforcement Actions Drop

WASHINGTON (AP) – A Treasury investigator says tax collections from reluctant taxpayers dropped for the second straight year in 2012.

Senate, House Ensnared in Health Care Controversy

WASHINGTON (AP) – Implacable Republican opposition to Obamacare has Congress once more veering closer to gridlock.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 180 11,618
MORTGAGES 81 223 15,202
FORECLOSURE NOTICES 0 47 2,958
BUILDING PERMITS 0 392 27,646
BANKRUPTCIES 90 218 11,180
BUSINESS LICENSES 0 37 4,075
UTILITY CONNECTIONS 99 422 16,906
MARRIAGE LICENSES 19 62 3,526

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