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VOL. 129 | NO. 24 | Wednesday, February 5, 2014

International Paper Fourth-Quarter Earnings Nearly Double

Memphis-based International Paper posted lower-than-expected profits in fourth quarter 2013, in part from a write-down on the value of its xpedx distribution business.

Playoffs Implications

Amid change, chemistry keeps Grizz moving toward postseason

The calendar says the Dallas Mavericks will be at FedExForum to play the Memphis Grizzlies on Wednesday, Feb. 5. Just one game of 82 in the coast-to-coast marathon that is the NBA season.

Competing Bidders Emerge for Ashlar Hall

Two people that had once considered teaming up to acquire and renovate crumbling Ashlar Hall are going their separate ways.

Council Hears More on Police and Fire Budget Decisions

Memphis City Council member got deeper Tuesday, Feb. 4, into the specifics of Memphis Police and Fire Department budget decisions.

University of Memphis' Kemmons Wilson School Becomes Independent

The University of Memphis is making the 10-year-old Kemmons Wilson School of Hospitality and Resort Management an independent school within the university.

Local Weather
Today
Memphis, TN
40°F
Partly Cloudy
Wind: 6 mph
Humidity: 73%

EVENTS

The Rotary Club of Memphis East will meet Wednesday, Feb. 5, at noon at The Racquet Club of Memphis, 5111 Sanderlin Ave. Business consultant Lane Carrick will speak. Cost is $17. RSVP at Lee Hughes at lmhughes@bellsouth.net.

more events »

Haslam: Remove Higher Education Barriers

When Tennessee Gov. Bill Haslam outlined an endowment from Tennessee lottery reserve funds to offer two years of community college free to all Tennesseans graduating high school – a plan he presented during his State of the State address Monday, Feb. 3 – it was a concept that had been years in the making.

Memphian Prepares to Launch ‘Fashion Truck’

Cyndii Jo Hartley, a hairdresser at Epic Total Salon, is preparing to start her own clothing boutique – one with a concept that ought to sound familiar to fans of Memphis’ food truck community.

Samuelson Turns Passion Into Race-Management Company

Retired Navy Cmdr. Michael Samuelson of Lakeland has one simple philosophy that sums up his approach to life: “Enjoy yourself.”

MEMPHIS NEWSMAKERS

Meghan McMahon Joins Glankler Brown as Associate

Meghan K. McMahon has joined Glankler Brown PLLC as an associate, concentrating her practice in business and commercial litigation and intellectual property. McMahon previously worked in academic and membership affairs for the NCAA, and has experience with issues relating to NCAA compliance, sports and entertainment contracts, intellectual property.

LOCAL COLUMNISTS

Working for Yourself

Who’s your boss? Is it your manager, client or customer?

Understanding 2014

Last week, the government released GDP statistics for the fourth quarter of 2013. Overall, the economy expanded at a 3.2 percent clip (above estimates). For the full year, the economy grew a less impressive 1.9 percent, but momentum was clearly built into the back half of the year. Expectations for 3 percent annual growth in 2014 remain intact.

STATE GOVERNMENT

10 Things to Know About Haslam's $32.6 Billion Budget

NASHVILLE (AP) – Here's 10 items you should know about Tennessee Gov. Bill Haslam's $32.6 billion spending proposal for the budget year beginning in July:

STATEWIDE

Victoria Jackson Files for County Seat in Tennessee

THOMPSON STATION, Tenn. (AP) – Former "Saturday Night Live" cast member Victoria Jackson has filed to run as an independent candidate for a seat on the Williamson County Commission.

REGIONAL

Bourbon, Tennessee Whiskey Sales Up in US, Overseas

FRANKFORT, Ky. (AP) – Global thirst for Kentucky bourbon and Tennessee whiskey caused exports to spike beyond $1 billion for the first time ever in 2013, a distilled spirits trade group said Tuesday.

HEALTH CARE

Health Care Law Will Mean Fewer People On the Job

WASHINGTON (AP) – Several million American workers will reduce their hours on the job or leave the workforce entirely because of incentives built into President Barack Obama's health care overhaul, the Congressional Budget Office said Tuesday.

FDA Launching Anti-Smoking Campaign Aimed at Youth

WASHINGTON (AP) – The Food and Drug Administration is using ads depicting wrinkled skin on youthful faces and teenagers paying for cigarettes with their teeth in a campaign to show the nation's young people the costs associated with smoking.

TECHNOLOGY

Microsoft Names Cloud Computing Chief as Next CEO

LOS ANGELES (AP) – Microsoft has named the head of its cloud computing business as the company's next CEO, tapping a longtime insider to lead efforts to catch rivals in mobile devices and offer more software and services over the Internet.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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