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VOL. 129 | NO. 140 | Monday, July 21, 2014

First Horizon Reports Positive Quarter

For the second quarter of its 150th anniversary year, the Memphis-based parent company of First Tennessee Bank reported growth in profit as well as increases in loans, while continuing to reduce the drag of the mortgage business the company sold in 2008.

Shouldering the Load

Now healthy, quarterback Bo Wallace looks to lead Rebels to greatness

Ole Miss quarterback Bo Wallace enters his senior season with a chance to make history, a chance for his name to have the kind of staying power that would have Rebels fans tossing the name “Bo” around The Grove for generations, the way they do with names like Archie and Eli.

FedEx Could Face $1.6 Billion Fine for Drug Shipments

Starting around 1998, Internet pharmacies – some of which did not require a doctor’s visit or prescription – began proliferating online, turning a corner of the Web into a black market bazaar for prescription pills.

Business Licenses Up 26 Percent in Second Quarter

The last three months proved to be a healthy period for the local business climate.

Wharton Ready to Shift Talk on Benefits Debate

Memphis Mayor A C Wharton Jr. is trying to turn the page on the emotional City Hall debate over cuts in health insurance benefits to city employees and retirees and also close the book on the city budget for the two-week old fiscal year.

Local Weather
Today
Memphis, TN
63°F
Cloudy
Wind: 10 mph
Humidity: 88%

EVENTS

The National Association of Women Business Owners, Memphis Chapter will hold “Meet Shelby County Women Candidates,” an after-hours nonpartisan reception, Monday, July 21, from 4 p.m. to 6 p.m. at Salsa, 6150 Poplar Ave., suite 129. For more information and to RSVP, visit nawbomemphis.org.

more events »

County Commission Continues Prekindergarten Debate

Shelby County Commissioners pick up Monday, July 21, where they left off earlier in the month about a way to fund prekindergarten programs.

Early Vote Expands as Campaigns Enter New Phase

There is a unique and persistent part of the political process that gnaws at candidates, separating them from the voters they court and sometimes stalk. You might call it the day of the ballot.

I Choose Memphis: Hillary Quirk

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

FedEx Charged With Illegal Pharmacy Deliveries

FedEx’s couriers in several states told company officials they suspected they were delivering illegal prescription pills, saying that delivery addresses included schools, parking lots and vacant buildings where people were lined up waiting to retrieve their shipments.

GOVERNMENT AGENDA

July 21 Shelby County Commission Agenda

The Shelby County Commission will meet Monday, July 21, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for an agenda.

SMALL BUSINESS

‘Clothier to the King’ Lansky’s Back on Beale

You don’t have to get very far inside the door of the new Hard Rock Café at Second and Beale streets to find a reminder of the old Lansky’s clothing store. That is, if you don’t notice the large historical marker outside the building at 126 Beale St.

LOCAL COLUMNISTS

Time to Invest in Emerging Markets?

Emerging markets are a group of countries that are in the process of developing both their infrastructure and economic system.

REGIONAL

Arkansas Unemployment Rate Drops to 6.2 Percent

LITTLE ROCK, Ark. (AP) – State officials say Arkansas' unemployment rate has dropped to its lowest rate in more than five years.

NATIONAL BUSINESS

GE Targets Late July for Credit Card IPO

NEW YORK (AP) – General Electric is targeting late July for the initial public offering of its credit card business, named Synchrony Financial.

AbbVie, Shire Agree on $55 Billion Combination

The drugmaker AbbVie has reached a deal worth roughly $55 billion to combine with British counterpart Shire and become the latest U.S. company to seek an overseas haven from tax rates back home.

Forbes Sells Majority Stake to Group of Investors

NEW YORK (AP) – Forbes said Friday it will sell a majority stake in the family owned magazine publisher to a Hong Kong-based investor group.

TECHNOLOGY

Amazon Rolls Out 'Netflix-for-Books' Style Service

NEW YORK (AP) – Amazon is rolling out a new subscription service that will allow unlimited access to thousands of electronic books and audiobooks for $9.99 a month in the online giant's latest effort to attract more users.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

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