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VOL. 129 | NO. 106 | Monday, June 2, 2014
EMPHASIS Public Companies

New Path

TruGreen charts different course as ServiceMaster spinoff

A lot has changed for Memphis-based TruGreen lawn care in the last six months.

Change on Tap for Many Local Public Companies

Here’s a snapshot of recent news and developments at some of the publicly traded companies based in Memphis, reflecting the influence these companies have and the shadows they cast both in Memphis and beyond, in industries that range from bioscience to banking.

FedEx, International Paper Join Buyback Trend

Recent stock repurchases by major U.S. corporations since the recession are a financial fact of life and the city’s best known publicly-held companies are no exception to the practice that can have multiple motives as well as multiple effects.

Commission to Vote on Budget, Tax Rate

Shelby County Commissioners take final votes Monday, June 2, on a $1.1 billion operating budget and a $75 million capital budget for Shelby County government, and the first of three votes on a new property tax rate for the fiscal year that begins July 1.

Local Weather
Today
Memphis, TN
46°F
Cloudy
Wind: 8 mph
Humidity: 76%

EVENTS

The FedEx St. Jude Classic golf tournament will be held Monday, June 2, through Sunday, June 8, at TPC Southwind, 3325 Club at Southwind. Visit stjudeclassic.com for a schedule.

more events »

Plough Grant Requires All Rape Kits Be Tested

Before they agreed to put up $750,000 toward funding the disposition of the city’s untested rape kit backlog, leaders of the Plough Foundation wanted assurances that the city would process every rape kit.

Southbrook Mall Concept Goes to Public Hearings

As city Housing and Community Development Director Robert Lipscomb began talking in the gym of the Whitehaven Community Center last week, he could see the Pepper Tree Apartments on the other side of Graceland Drive.

Jackson Showcases Skills for Grizzlies

For a day, Joe Jackson again was wearing a blue Memphis jersey – a No. 3 Grizzlies practice jersey.

GOVERNMENT AGENDA

June 2 Shelby County Commission Agenda

The Shelby County Commission will meet Monday, June 2, 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

Curb Appeal’s Greg Black Has Roots in Landscaping

Greg Black sits down on some outdoor furniture on the patio of a client in South Bluffs. He is wearing a short-sleeve, green, polo-style shirt that bears his business’s name – Curb Appeal – and blue jeans and boots.

LOCAL COLUMNISTS

Enroll the Skeptics Early

After working on hundreds of innovation projects, one fact remains. If you cannot get executive sponsorship of the final concepts, they will never launch. We recommend a few steps to get leadership engaged in solving the problem with you as part of the process; therefore, they will feel invested in the outcome of the innovations in the marketplace.

Life’s Many Graduations

Delivering a commencement speech is the easy part. Writing one is more difficult. It take years, if not decades, to understand what it take to survive, to succeed, to thrive, to find your passion, to encourage others, and to understand that the things that go wrong often lead to the things that go right.

STATE GOVERNMENT

2 Lawmakers Ask for Probe Into Test Score Delay

NASHVILLE (AP) – Two Republican Tennessee lawmakers have asked for an investigation into the delay of student test scores.

NATIONAL GOVERNMENT

Shinseki Resigns Amid Veterans' Health Care Issues

WASHINGTON (AP) – Veterans Affairs Secretary Eric Shinseki apologized in public and then resigned in the privacy of the White House on Friday, driven from office by a mushrooming scandal over the agency's health care system that serves millions of the nation's former warriors.

Career Banker to Take Over Veterans Department

WASHINGTON (AP) – After less than four months at the Veterans Affairs Department, Sloan D. Gibson suddenly finds himself in charge of fixing the problems that led to the resignation of Veterans Affairs Secretary Eric Shinseki.

TECHNOLOGY

Elon Musk Unveils Spacecraft to Ferry Astronauts

HAWTHORNE, Calif. (AP) – A company that has flown unmanned capsules to the Space Station unveiled a spacecraft designed to ferry up to seven astronauts to low-Earth orbit that SpaceX founder Elon Musk says will lower the cost of going to space.

Google Faces Up to Image Problem in Europe

AMSTERDAM (AP) – As Google bowed to a European court ruling to consider users' claims to remove embarrassing search results, the company took the first step toward preventing any more such punishing decisions – acknowledging it has an image problem in Europe.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 0 61 4,251
BUILDING PERMITS 0 701 39,202
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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