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VOL. 132 | NO. 188 | Thursday, September 21, 2017

Graceland Changes Venue Plans After Grizzlies Raise Concerns

Elvis Presley Enterprises has announced it will significantly alter the plans for its new entertainment venue in Whitehaven after the Memphis Grizzlies raised concerns surrounding a noncompete agreement with the city involving FedExForum.

Overton Square Hotel Approved for Tax Incentives

The Economic Development Growth Engine board has approved Loeb Properties' request for a 15-year tax abatement to build a 100-room boutique hotel near Overton Square.

Frontier Airlines to Offer Nonstop Memphis-Orlando Flights

Frontier Airlines is expanding its service at Memphis International Airport, announcing Wednesday, Sept. 20, that it will offer three nonstop flights weekly to Orlando, Florida, beginning Nov. 2.

City’s Ire Raised By Stadium Droughts

For most of the ongoing discussion about a reconfiguration of the Fairgrounds, the Liberty Bowl has been a part of the background. Much of the attention has been on what to do with the Mid-South Coliseum and what new uses or buildings will do to existing parking.

Last Word: The No Compete, Liberty Bowl Blues and Assessing the ASD

  12:21am

The calendar says fall but the weather says summer and in Arlington the flags and notices say election day. The polls at the two polling places in Arlington open from 7 a.m. to 7 p.m. Thursday in municipal elections – the only regularly scheduled election of 2017 in Shelby County, which in our politics is frequently regarded as an invitation for departures and vacancies in other office that cause the scheduling of special elections. We’ve already had those earlier this year for a spot on the Lakeland commission and a state House seat.

Local Weather
Currently
Memphis, TN
77.0°F
Fair
Wind: Southwest at 5.8 mph
Humidity: 88%

EVENTS

The Mid-South Fair opens Thursday, Sept. 21, and runs through Oct. 1 at the Landers Center, 4560 Venture Drive in Southaven. Enjoy midway rides, fair food, and live entertainment, including the Tiger Encounter, Wolves of the World, and a meet-and-greet with 13-year-old “America’s Got Talent” winner Grace VanderWaal on Saturday, Sept. 23. Visit midsouthfair.com.

more events »

New Gannett Cuts Eliminate Two More Commercial Appeal Employees

The effects of another companywide restructuring at newspaper publisher Gannett Co. Inc. – which owns USA Today as well as The Commercial Appeal – have touched the newsroom in Memphis, following an even deeper round of local cuts earlier this year.

Steps to a Survivor

Loved ones dream of Alzheimer’s prevention and a cure

Phyllis Roy lost her husband, John W. Roy, to Alzheimer’s disease on April 27. He was 75 years old and had been diagnosed seven years earlier.

Boyd Drops Beale Contract, But Says It Wasn’t Conflict of Interest

Memphis City Council chairman Berlin Boyd ended his company’s fundraising contract with the Beale Street Merchants Association Tuesday, Sept. 19. But he again insisted the contract was not a conflict of interest in his duties as a council member voting on items involving the entertainment district.

Highwoods Sells Southwind Portfolio for $39M

Highwoods Properties Inc. has sold a massive portion of its portfolio in Southwind to a New York-based investment group for $39 million.

FedEx Takes Profit Hit From Cyberattack in Q1

FedEx’s earnings per share for the first quarter were down year over year, as the Memphis-based shipping company continues to feel the effects of a June 27 cyberattack on subsidiary TNT Express that ended up costing $300 million.

VIEW FROM THE HILL

Are Achievement Schools a Problem or the Solution?

Forgiveness or farewell: What should be the fate of the Achievement School District?

LOCAL COLUMNISTS

Travel in Times Of High Alert

I use the alarm clock on my iPhone, which means as I turn it off I sometimes also see whatever breaking news alerts popped up overnight.

Not Just for Scouts: Be Prepared in IT

Everyone knows the scout’s motto by heart. “Always be prepared” may be more likely to invoke images of campfires and merit badges, but it applies to corporate life.

STATEWIDE

Tennessee AG: Info Stolen From 3M Residents in Equifax Hack

NASHVILLE, Tenn. (AP) – Tennessee's attorney general says information was stolen from more than 3 million state residents when hackers infiltrated the credit reporting company Equifax.

US ECONOMY

Fed Announces a Start to Modestly Reducing Its Bond Holdings

WASHINGTON (AP) – The Federal Reserve will begin shrinking the enormous portfolio of bonds it amassed after the 2008 financial crisis to try to sustain a frail economy. The move reflects a strengthened economy and could mean higher rates on mortgages and other loans over time.

Text of the Fed's Statement After Its Meeting Wednesday

WASHINGTON (AP) – Below is the statement the Fed released Wednesday after its policy meeting ended:

NATIONAL BUSINESS

Walmart to Offer Extra Holiday Hours for Current Workers

NEW YORK (AP) – Walmart won't be doing large-scale holiday hiring at its stores this year. Instead, like last year, it will offer extra hours to its current workers.

Epidemic at Work? Businesses Forced to Deal With Drug Abuse

NEW YORK (AP) – After a troubled youth himself, Phillip Cohen made it a practice to hire people at his woodworking business who have also struggled with addiction and mental health issues. But when an employee died from a drug overdose, he adopted a zero-tolerance policy.

AIRLINES

Watchdog: Airfares for Many Travelers Rise Due to Bag Fees

WASHINGTON (AP) – Travelers who check at least one bag when flying domestically are paying more overall than they did before airlines began unbundling fares in 2008 and charging separately for checked baggage, a government watchdog said Wednesday.

TECHNOLOGY

Apple Says Its New Watch Has Cellular Connectivity Problems

NEW YORK (AP) – Apple is confirming that its new Series 3 Apple Watch has problems connecting to a cellular network. The problems arise when the watch joins unauthenticated Wi-Fi networks without connectivity. The company says it is investigating a fix for the problem.

Nest Labs Adds Doorbell That Can Recognize Familiar Faces

SAN FRANCISCO (AP) – Home device maker Nest Labs is adding Google's facial recognition technology to a camera-equipped doorbell and rolling out a security system in an attempt to end its history of losses.

Alexa, What Do You See? Amazon Said to Be Working on Glasses

NEW YORK (AP) – Amazon is attempting to develop glasses that pair with Alexa and would allow users to access the voice-activated assistant outside the home, according to a newspaper report.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 223 16,103
MORTGAGES 62 207 18,599
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 323 32,794
BANKRUPTCIES 66 187 10,687
BUSINESS LICENSES 28 86 5,172
UTILITY CONNECTIONS 37 127 11,344
MARRIAGE LICENSES 15 75 3,848

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