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VOL. 129 | NO. 16 | Friday, January 24, 2014

Sharp to End Solar Panel Production in Memphis

Sharp Corp. will stop making solar panels at its Memphis manufacturing plant by the end of March, leaving more than 300 employees out of a job.

Technology Upgrade

Pink Palace IMAX theater makes transition to 3-D

When it opened in the early 1990s, the IMAX theater at the Memphis Pink Palace Museum was state of the art.

Belz Launches Hotel Management Venture

The night before Conduit Global announced this week it will hire 1,000 people to staff a large call center in Shelby County, representatives of the company stayed at The Peabody hotel.

Call Center ‘Gratifying’ for Local Office Sector

Conduit Global’s announcement this week that it is locating a call center in Shelby County that will employ 1,000 people was a breath of fresh air for local office real estate professionals.

School Closings Discussion on Different Tracks

You couldn’t call it a debate.

SPORTS

Grizzlies Fighting Odds to Make Playoffs

It was only fitting that for the Grizzlies to finally crawl back over .500 at 20-19 on Jan. 17, they had to rally from a seven-point deficit in the last 4:01 of the fourth quarter at FedExForum to beat the Sacramento Kings 91-90.

Sherman Breath of Fresh Air for Sportswriters

I have waited for San Antonio point guard Tony Parker to take a shower, dress, whip a winter scarf around his neck and then say something so boring that my tape recorder yawned.

LOCAL COLUMNISTS

Driving While Stupid

DRIVING US CRAZY. I write about things Memphis, and there’s nothing more Memphis than the idiots on our roads. Our driving is like our unpredictable, even dangerous creativity, our shtick of doing old things in new ways and scaring people to death while we’re at it.

Your Calling Card

These days, the way in which you present yourself has become more complicated. It’s no longer just about being well groomed with a firm handshake. Your Facebook page, LinkedIn account, email address, business cards and phone number all say something about you. They are all pieces of your personal brand.

STATE GOVERNMENT

Supermarket Wine Bill Up for Key Votes Next Week

NASHVILLE (AP) – The full Senate is scheduled to vote next week on a proposal to allow wine to be sold in Tennessee supermarkets, while a House committee that derailed last year's version is set to consider reviving the measure.

REGIONAL

Early Payday for Thousands of Arkansas State Workers

LITTLE ROCK, Ark. (AP) – Thousands of state employees in Arkansas found a surprise in their bank accounts Wednesday.

TVA Asking Customers to Conserve

CHATTANOOGA, Tenn. (AP) – The Tennessee Valley Authority is asking customers to reduce their power usage in an effort to deal with subfreezing temperatures that are causing a high demand for electricity across the southeast.

NATIONAL BUSINESS

Study: Climbing Income Ladder Hasn't Grown Harder

WASHINGTON (AP) – Young Americans from low-income families are as likely to move into the ranks of the affluent today as those born in the 1970s, according to a report by several top academic experts on inequality.

Weekly Applications for US Jobless Aid Mostly Flat

WASHINGTON (AP) – The number of Americans seeking unemployment benefits ticked up 1,000 last week to a seasonally adjusted 326,000, a level consistent with steady job gains.

NATIONAL GOVERNMENT

Obama to Release 2015 Budget March 4

WASHINGTON (AP) – The White House says that President Barack Obama's budget for next year will be released on March 4, about one month behind schedule.

US Treasury Introduces New Debt Product

WASHINGTON (AP) – The Treasury Department announced Thursday that it will auction a new Treasury security with variable interest rates next week. It will be the first new Treasury security offered in 17 years.

REAL ESTATE

US Home Sales Edged Up 1 Percent in December

WASHINGTON (AP) – Sales of existing U.S. homes edged up slightly in December, helping to lift sales for the year to the highest level in seven years.

HEALTH CARE

Poll: Uninsured Rate Drops as Health Law Rolls Out

WASHINGTON (AP) – It may just be the start of a new trend. The uninsured rate dropped modestly this month as expanded coverage rolled out under President Barack Obama's health care law, a major survey released Thursday has found.

FDA to Revise Nutrition Facts Label

WASHINGTON (AP) – Those nutrition labels on the back of food packages may soon become easier to read.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 415 10,637
MORTGAGES 87 499 13,826
FORECLOSURE NOTICES 19 99 2,743
BUILDING PERMITS 0 915 25,222
BANKRUPTCIES 79 343 10,235
BUSINESS LICENSES 19 97 3,833
UTILITY CONNECTIONS 143 573 15,130
MARRIAGE LICENSES 23 106 3,273

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