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VOL. 129 | NO. 24 | Wednesday, February 05, 2014

Daily Digest

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St. Louis School Files Permit for New Facility

St. Louis Catholic School has filed a $2.4 million building permit application for a multipurpose building on its campus at 5192 Shady Grove Road.

The permit application filed with the city-county Office of Construction Code Enforcement lists the building as including administrative offices, a multiuse room, snack bar and recreation-type facility. Philadelphia, Miss.-based W.G. Yates & Sons Construction Co., which has an office on Poplar Avenue, is listed as general contractor.

Started by the Dominican sisters in 1957, the Catholic school is on the northwest corner of Shady Grove and South White Station Road, adjacent to St. Louis Catholic Church. In March 2012, the school broke ground on a junior high wing that added eight classrooms, a science lab, music room and other amenities.

St. Louis currently has more than 500 students in preschool through eighth grade, according to the school’s website.

Source: The Daily News Online & Chandler Reports
– Daily News staff

Dunavant Transportation Hires Recruitment Specialist

Dunavant Transportation Group has hired Darlene Beasley as its new driver recruitment and relations manager, responsible for the recruitment and retention of drivers for its Dunavant Sea Lane Express subsidiary.

Dunavant Transportation Group acquired Sea Lane Express, which specializes in regional trucking and intermodal drayage operations, in 2011. The company currently has terminal operations in intermodal and port cities including Atlanta and Savannah, Ga., Norfolk, Va., Charleston, S.C., Charlotte and Wilmington, N.C., and Nashville.

Beasley, who most recently served as the regional manager of field recruiting for Comcar Industries, will analyze each terminal’s needs for driver recruitment based on customers’ freight requirements.

– Amos Maki

Nichols Named New Deputy District Attorney

Jennifer Nichols is the new deputy district attorney general in the Shelby County District Attorney General’s office.

District Attorney General Amy Weirich appointed Nichols to the No. 2 position in the county prosecutor’s office Monday, Feb. 3, succeeding Carter Myers, who is retiring after 30 years in the office.

Nichols has been chief prosecutor for the office’s Special Victims Unit. She joined the Shelby County prosecutor’s office in 1991 after earning her law degree from Cumberland School of Law at Samford University in Birmingham and practicing law in Florida.

She and Weirich shared an office at the start of their careers as prosecutors.

– Bill Dries

Black Girls CODE to Host Web Design Workshop Feb. 22

The Memphis chapter of Black Girls CODE will host its first workshop for the 2014 program year Feb. 22 at the Whitehaven branch library, 4120 Millbranch Road.

This class will focus on how to build a website. Check-in will start at 9 a.m., and class starts at 10 a.m.

Thanks to a grant from the Memphis Chapter of the Society of Information Management, the Whitehaven branch is partnering with Black Girls CODE to offer scholarships to 50 girls ages 10 to 17.

– Andy Meek

Grizzlies’ Joerger Named Conference Coach of Month

Memphis Grizzlies coach Dave Joerger was named the Western Conference Coach of the Month for January.

Joerger guided Memphis to an NBA-best 12-3 record (.800) during the month of January, as the Grizzlies won five consecutive games and nine of their last 10 to close out the month. Memphis tied its franchise record for January wins and finished just one victory shy of the franchise record for wins in any month (13 in March 2004 and April 2012).

The Grizzlies also won six consecutive road games from Jan. 5-31, the second-longest road winning streak in franchise history. The Grizzlies held all six opponents to 90 points or fewer, including allowing just 77 points on the road against the Milwaukee Bucks on Jan. 15 in the second game of a back-to-back.

Memphis emerged as one of the stingier defenses in the month of January, holding opponents to 91.5 points per game on just .431 shooting from the field and .311 shooting from behind the arc. After the return of center Marc Gasol from injury on Jan. 14, Memphis held opponents to a league-low 86.3 points per game.

– Don Wade

Arkansas Revenue Below Last Year

A delay in federal income tax filing season and lower-than-expected sales tax collections gave Arkansas a mixed bag last month, with revenue coming in below last year's figures but slightly above expectations, state finance officials said Tuesday.

The Arkansas Department of Finance and Administration said the state's net available revenue in January totaled $483.6 million, which was $32.5 million above January 2013's figure and $7.4 million above forecast. The state's net available revenue for the fiscal year that began July 1 is $2.9 billion, which is $39.6 million above forecast.

One major impact on the revenue report was a lower-than-expected amount of individual income tax refunds paid out by the state because of a delayed start of the federal income tax filing period after last year's 16-day federal government shutdown. The refunds totaled $16.3 million, which was $6 million above last year but $13.7 million below forecast. Weiss said he expected the refunds to catch up with projections later this year.

The state also saw sales tax collections, which totaled $178.6 million, come in lower than expected.

– The Associated Press

Smith & Nephew to Buy ArthroCare in $1.5 Billion Deal

British medical technology company Smith & Nephew plans to buy U.S. medical device maker ArthroCare in a $1.5 billion deal that it says will strengthen its sports medicine business.

Smith & Nephew said Monday it will pay $48.25 in cash for each share of ArthroCare Corp., which is based in Austin, Texas.

Smith & Nephew PLC said ArthroCare's expertise in shoulder joint repair will complement its strength in knee repair.

ArthroCare has 35.4 million shares outstanding, counting options and restricted stock, according to Smith & Nephew spokesman Charles Reynolds. Smith & Nephew values the deal at $1.7 billion counting ArthroCare's cash. It expects the acquisition to close by the middle of the year.

ArthroCare makes surgical devices, instruments and implants and employs about 1,800 people. The company announced on Jan. 7 that it will pay a $30 million fine to resolve an investigation by the U.S. Department of Justice into alleged securities fraud by its former management.

The Justice Department also is charging the company with one count of conspiracy to commit securities fraud and wire fraud, but it has entered into a two-year deferred prosecution agreement with ArthroCare. If the company meets requirements set by the Justice Department, it won't bring charges against the company.

ArthroCare has said that deal will end the Justice Department's investigation, which was first made public in December 2008.

– The Associated Press

Target Taking Actions on Security, Exec Says

An executive of Target Corp. said Tuesday the retailer has taken actions to shore up security following the massive breach of millions of consumers' data during the holiday season.

The testimony at a Senate hearing by John Mulligan, executive vice president and chief financial officer at the No. 2 U.S. discounter, also revealed that Target discovered an additional 25 cash registers infected by malicious software on Dec. 18. The company had said earlier that it had removed all the malware from its system by Dec. 15.

Mulligan's testimony before the Senate Judiciary Committee was the first public appearance by a Target executive addressing the issue since the breach that occurred between Nov. 27 and mid-December. An estimated 40 million credit and debit card accounts were affected.

Mulligan said Target is "deeply sorry" for the effect of the data theft on consumers, and he acknowledged that their confidence in the Minneapolis-based company has been shaken.

Sen. Patrick Leahy, D-Vt., the panel's chairman, said the erosion of consumers' confidence — with data breaches on the rise affecting retailers, Internet companies and others — could hinder the U.S. economy's recovery.

– The Associated Press

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 54 266 12,031
MORTGAGES 111 406 15,756
FORECLOSURE NOTICES 27 107 3,130
BUILDING PERMITS 0 606 28,832
BANKRUPTCIES 73 364 11,671
BUSINESS LICENSES 17 119 4,274
UTILITY CONNECTIONS 121 549 17,732
MARRIAGE LICENSES 23 104 3,668

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