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VOL. 129 | NO. 13 | Monday, January 20, 2014

Shelby County Business Licenses Decline 3 Percent

From George’s Automotive to Uncle Floyd’s Tires, Wheel and Auto Accessories, automotive-related businesses were prominent among the 5,361 business licenses issued by the Shelby County Clerk’s Office in 2013.

'Wicked' Return

Hit Broadway show comes back to Memphis this month

The Broadway smash “Wicked” has packed the house at the Orpheum Theatre Memphis each time the musical has enjoyed a run here, with fans of the whimsical story about the witches from Oz ensuring the production is well attended.

First Horizon Reports Profitable Quarter

The first earnings presentation by the Memphis-based parent company of First Tennessee Bank in 2014 – its 150th anniversary – offered a recap of the fourth quarter, in which the company reported lower revenue but higher profit than during the year-ago period.

Council to Get Updates on City Expense Cuts

Memphis City Council members get a closer look Tuesday, Jan. 21, at some ways the city can reallocate $80 million over the next five fiscal years to begin paying $100 million annually toward an unfunded pension liability the city estimates is at $709 million.

Ritz Calls for Nine-Member School Board

Two prospective candidates in the Shelby County Schools board races on the Aug. 7 ballot have already pulled qualifying petitions in two of the 13 races now on the ballot.

Home Court Not So Sweet for Tigers

The impossibility of an undefeated season in the American Athletic Conference was assured a couple of weeks ago with a loss to Cincinnati at FedExForum. But the Tigers’ 83-73 loss to Connecticut here on Thursday, Jan. 16, was historic.

I Choose Memphis: Tread Thompson

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

GOVERNMENT AGENDA

January 21 Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Jan. 21, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.

SMALL BUSINESS SPOTLIGHT

Merger Expands CS3’s Customer Base

Mike Gross, president of long-time contracting company Sibley Solutions LLC, was approaching retirement age and the future of his small business’ loyal employees and customers began to weigh heavily on his mind.

REAL ESTATE RECAP

Belz Sells Shelby Oaks EnSafe Center for $910,000

5710-5730 Summer Trees Drive, Memphis, TN 38134, Sale Amount: $910,000 -
An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

LOCAL COLUMNISTS

If It Can Be Imagined, It Can Be Made

The industrial revolution brought efficiency but led to the decline of human creation by hand. We stopped tinkering and started operating machines, becoming inherently less ingenious.

Invest Your Time for Fundraising Returns

Engaged and effective nonprofit board members are the dream of board chairs and executives.

A Whisper or a Shout?

This month as I watched the U.S. National Figure Skating Championships, I thought of someone who has true personal power – TV sports commentator and winner of multiple Olympic gold medals, Scott Hamilton.

NATIONAL BUSINESS

US Employers Advertise Most Jobs Since March 2008

WASHINGTON (AP) – U.S. employers advertised more jobs in November and more Americans quit, positive signs for millions who are unemployed and looking for work.

US Factory Output Rises for Fifth Straight Month

WASHINGTON (AP) – U.S. factory output rose for a fifth straight month in December, as manufacturers cranked out more cars and trucks, appliances and processed food. The gains suggest factories gave economic growth a strong boost at the end of the year.

US Bank Ending Short-Term Loan Product

MINNEAPOLIS (AP) U.S. Bank will eliminate a short-term loan offering to meet new federal rules.

NATIONAL GOVERNMENT

Shutting Down Unsafe Bus Companies to Get Easier

WASHINGTON (AP) – Intercity bus and truck companies with a continuing history of safety problems will be easier to shut down under regulations published online Friday by the Federal Motor Carrier Administration, an agency under fire for its oversight of the industries.

Obama Tightens Reins on Surveillance Programs

WASHINGTON (AP) – Tightening the reins on the nation's sweeping surveillance operations, President Barack Obama on Friday ordered new limits on the way intelligence officials access phone records from hundreds of millions of Americans – and moved toward eventually stripping the massive data collection from the government's hands.

REAL ESTATE

US Homebuilding Dips, But Year Best Since 2007

WASHINGTON (AP) – U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 70 134 16,547
MORTGAGES 72 144 21,576
FORECLOSURE NOTICES 5 31 4,297
BUILDING PERMITS 209 209 39,587
BANKRUPTCIES 80 149 15,691
BUSINESS LICENSES 15 28 5,519
UTILITY CONNECTIONS 117 201 23,774
MARRIAGE LICENSES 14 51 5,086

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