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VOL. 131 | NO. 147 | Monday, July 25, 2016

Memphis Symposium Aims to Connect MWBEs With Opportunities

In an effort to increase transparency in public spending, The city of Memphis will put department heads in conversation with minority- and women-owned businesses as part of the inaugural We Mean Business symposium.

The Week Ahead: July 25-31

Happy Monday, Memphis! We’re wrapping up July with an eclectic mix of local happenings, from political campaigning to a celebration of all things Harry Potter. Plus, what you need to know about Tennessee sales tax holiday and much more…

Dark Money Ads Surface in 8th District Primary

As Republicans were either at the Republican National Convention in Cleveland or watching it on TV last week, “dark money” entered the crowded Republican primary for Tennessee’s 8th Congressional district.

Violent Crime Still Up, But Rate of Increase Slows

Major violent crime in Memphis jumped 3 percent and 4.7 percent countywide in June from the same period last year, according to the latest Memphis crime statistics from the Memphis-Shelby Crime Commission.

Last Word: Substation 68, Akbari's Convention Slot and Heartbreak Hotel

Relief came on Sunday for Memphis Light Gas and Water customers in Arlington, Lakeland and a part of Bartlett who have been enduring rolling blackouts and voluntary conservation measures in the worst heat of the summer for just shy of two weeks.

Local Weather
Currently
Memphis, TN
80.0°F
Fair
Wind: Calm mph
Humidity: 85%

EVENTS

The Booksellers at Laurelwood will host New York Times bestselling author Ace Atkins for a discussion and signing of his latest novel, “The Innocents,” on Monday, July 25, at 6:30 p.m. at the bookstore, 387 Perkins Road Extended. Visit thebooksellersatlaurelwood.com.

more events »

TAG Expects Truck Facility to be Operational by Mid-2017

TAG Truck Center is moving forward with a $28 million trucking facility at the former site of the Mall of Memphis. Contractor Linkous Construction Co. recently filed two building permits for TAG’s new headquarters.

THE MEMPHIS NEWS

‘Why Don’t We Start Our Own?’

New angel investment network launches to let women consider and fund business ideas

The diner-style restaurant planned for 2657 Broad Ave. is a bit unique as far as commercial real estate projects go.

Editorial: Compromise, Potential And Parkland Changes

Maybe a certain amount of distrust will always be present in the affairs of the park that stopped an interstate.

July 22-28, 2016: This week in Memphis history

1966: The “Where the Action Is” tour at the Mid-South Coliseum is topped by The Young Rascals along with Paul Revere & The Raiders, The Knickerbockers, The Critters, B.J. Thomas, Steve Alaimo and Tina Mason. The tour is an extension of the popular afternoon show hosted by the Raiders and produced by Dick Clark.

LAST WEEK'S MOST POPULAR

White House: Budget Deficit to Rise to $600 Billion

WASHINGTON (AP) — The White House on Friday predicted that the government's budget deficit for the soon-to-end fiscal year will hit $600 billion, an increase of $162 billion over last year's tally and a reversal of a steady trend of large but improving deficits on President Barack Obama's watch.

Freeze: If Ole Miss Did Wrong the Football Program Should Be Held Accountable

HOOVER, Ala. – Ole Miss was getting top-tier recruits. Opponents and their fans were raising eyebrows or flat out making accusations against coach Hugh Freeze and the Rebels for cheating.

New Center to Capitalize on Strong Retail Demand

The shopping center at 6450 Poplar Ave. is fully constructed with tenants opening as soon as next month.

Zoo and OPC Reach Compromise in Greensward Controversy

The Memphis Zoo and the Overton Park Conservancy reached agreement Monday, July 18, on a compromise to end the zoo’s overflow parking on the Greensward that fills in some of the blanks left in Mayor Jim Strickland’s proposal and changes some of the terms.

Snapshot: Cultural Tribute Lights Up Memphis Corner

A new piece of public art is going up on the southwest corner of the Memphis Light, Gas and Water Division parking garage Downtown. The UrbanArt Commission and city of Memphis called for entries that would display the city’s rich African-American and cultural heritage. The winning design is by Michael Roy and Derrick Dent. The 70-foot-tall mural at South Main and Dr. Martin Luther King Jr. Avenue should be completed in the next couple of weeks.

EDUCATION

Group Lodges New Complaints Against DeSoto County Schools

HERNANDO, Miss. (AP) – A group that filed a civil-rights complaint against DeSoto County Schools last year says the school district is continuing to be discriminatory in its practices.

STATEWIDE

Haslam Names Will Cromer as TennCare Chief of Staff

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam has named Will Cromer as the new chief of staff for TennCare, the state's expanded Medicaid program.

TPA Recognizes House Speaker for Open Government Efforts

FRANKLIN, Tenn. (AP) – State House Speaker Beth Harwell and two other state lawmakers have been honored for their support of open government in Tennessee.

REGIONAL NEWS

Pipe Company Lays Off More Than 100 From Little Rock Site

LITTLE ROCK, Ark. (AP) – More than 100 employees of a pipe company in Little Rock have been laid off this year due to a persistent slump in oil prices.

BancorpSouth Earns $34.7 Million in Q2

TUPELO, Miss. (AP) BancorpSouth Inc. reports net income of $34.7 million, or 37 cents per share, for its second quarter.

LEGAL AFFAIRS

Appeals Court Rejects Lawsuit Against Wal-Mart Directors

NEW YORK (AP) – A federal appeals court has rejected a shareholder lawsuit filed against key directors at Wal-Mart Stores Inc. that claimed they allowed and concealed alleged bribery in the company's Mexico division.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 391 11,120
MORTGAGES 88 481 13,903
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 198 969 24,034
BANKRUPTCIES 54 288 8,432
BUSINESS LICENSES 29 126 3,771
UTILITY CONNECTIONS 67 536 13,457
MARRIAGE LICENSES 17 103 3,031

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The Memphis News: Business, politics, and the public interest.