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VOL. 129 | NO. 108 | Wednesday, June 4, 2014

Luttrell, Malone Clash on Pre-K Expansion

The top two contenders for Shelby County mayor had the closest thing yet to a debate Monday, June 2, on budget priorities.

Teeing Off

Grizzlies players, former coach talk hoops at golf tourney pro-am

Everyone was in a good mood. Not just normally affable Grizzlies players Mike Conley and Mike Miller, but former Grizzlies coach Lionel Hollins and Pro Football Hall-of-Famer Jim Brown, a couple of hard-nosed throwback types.

Council Begins Decisions on City Financial Changes

Memphis City Council members took the first steps Tuesday, June 3, toward major changes in pension benefits for city employees and began delving into the details of even broader changes in health insurance coverage for city employees and retirees.

Bailey Continues Call for Shelby Farms Development

Walter Bailey is the only serving Shelby County Commissioner who was part of the 1970s debate on the commission about what to do with the farmland that was the old Shelby County Penal Farm.

Crye-Leike Removes Some Listings From Websites

Memphis-based Crye-Leike Realtors Inc. is pulling its Little Rock and Hot Springs, Ark., listings from Zillow.com and Trulia.com, two of the Web’s biggest third-party listing services.

Local Weather
Today
Memphis, TN
64°F
Fair
Wind: 0 mph
Humidity: 40%

EVENTS

Kiwanis Club of Memphis will meet Wednesday, June 4, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. Randy Richardson of the International Port of Memphis will speak. Cost is $18 for nonmembers.

more events »

International Paper Names Sutton President and COO

Mark S. Sutton, the senior vice president of industrial packaging for International Paper Co., is the company’s new president and chief operating officer.

NEWSMAKERS

Redmont Joins HORNE as Tax Consulting Manager

Richard Redmont has joined HORNE LLP as a tax consulting manager. Redmont, a certified public accountant, has more than 25 years of tax and consulting experience with international firms in the accounting and insurance industries, and has served clients in the manufacturing, retail, distribution, health care and financial services industries. He also served on a national Sarbanes-Oxley team for an international firm.

LOCAL COLUMNISTS

Marketing Lessons From Startups

Having spent the lion’s share of my career marketing national corporations, I would certainly say there is a science to marketing at that level and the better brands market like well-oiled machines. Opening my own business eight years ago, however, and partnering with countless startups through those years, I’ve also learned there’s a thing or two startups can teach the big boys about marketing.

What’s Up With Low Rates?

As 2013 drew to a close, investors bid up “risky” assets and sold “safe” assets in anticipation of a robust 2014. “Risky” stocks rose 30 percent and the “safe” 10-year Treasury bond lost 4 percent.

Glaucoma’s Effects Have Broad Reach

In today’s realm of eye care, ocular health care providers cannot discuss ocular diseases without the mention of glaucoma.

STATEWIDE

Petitions Seek Supermarket Wine Sales in East Tennessee

BRISTOL, Tenn. (AP) – An East Tennessee election official says petitions seeking a local vote on supermarket wine sales have begun circulating.

STATE GOVERNMENT

Haslam Announces 7-Step Prescription Drug Plan

NASHVILLE (AP) – Gov. Bill Haslam and Commissioner of Mental Health and Substance Abuse Services Douglas Varney are unveiling a seven-step plan to fight prescription drug abuse in Tennessee.

7 Apply to Fill Court of Criminal Appeals Vacancy

NASHVILLE (AP) – Seven candidates have applied to fill a vacancy on the state Court of Criminal Appeals created by Gov. Bill Haslam's appointment of Judge Jeffrey Bivins to the state Supreme Court.

NATIONAL BUSINESS

US Auto Sales Hit 9-Year High in May

DETROIT (AP) – Brisk demand for SUVs and pickup trucks – and five sunny weekends – pushed U.S. auto sales to a nine-year high in May.

REAL ESTATE

US Home Price Gains Slow in April Amid Tepid Sales

WASHINGTON (AP) – U.S. home prices rose in April compared with a year earlier, but the increase was the smallest annual gain in 14 months. Price gains have slowed this year as sales have faltered.

TECHNOLOGY

Online Pirates Thrive on Legitimate Ad Dollars

LOS ANGELES (AP) – Movie and music piracy thrives online in part because crafty website operators receive advertising dollars from major companies like Comcast, Ford and McDonald's.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 15,378
MORTGAGES 125 389 20,168
FORECLOSURE NOTICES 0 86 3,972
BUILDING PERMITS 431 872 36,714
BANKRUPTCIES 54 232 14,575
BUSINESS LICENSES 9 64 5,193
UTILITY CONNECTIONS 71 312 22,129
MARRIAGE LICENSES 10 83 4,746

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