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VOL. 130 | NO. 63 | Wednesday, April 1, 2015

Sammons to Become Memphis CAO

Incoming city chief administrative officer Jack Sammons should arrive at City Hall on May 8, just a few days after Memphis Mayor A C Wharton Jr. presents his budget propsosal to the Memphis City Council.

Gamers Delight

  4:08pm

Rec Room bar, arcade opens on Broad Avenue

As the crowd of attendees at a preview party Monday night for Broad Avenue’s newest enterprise relaxed on couches, ordered drinks at the bar, and played video games like Super Smash Bros. – several of which were projected on a 120-foot-wide wall for collective viewing – one thing was readily apparent.

Grizzlies’ Carter, Lee Confident Long-Range Shots Will Fall

The Memphis Grizzlies take and make fewer 3-point shots than any team in the NBA not named the Minnesota Timberwolves.

Haslam's Insure Tennessee Plan Fails Again

NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam's Insure Tennessee proposal has failed once again.

Aramark Corrections Center Food Contract Approved

Aramark Correctional Services Inc. will take over food service at the Shelby County Corrections Center, four years after the private company did the same at the Shelby County Jail and Jail East.

Local Weather
Today
Memphis, TN
74°F
Partly Cloudy
Wind: 12 mph
Humidity: 66%

EVENTS

Talk Shoppe will meet Wednesday, April 1, from 9 a.m. to 10 a.m. at the University of Phoenix–Memphis Campus, 65 Germantown Court, first floor. Dotty Summerfield Giusti of Summerfield Associates Inc. will present “Consulting and Recruiting.” Cost is free. Visit talkshoppe.biz.

more events »

Guilty Murder Verdict is Latest Reversal

Jurors in a 2012 first-degree murder trial in Shelby County Criminal Court were passed a shotgun to examine after they heard testimony from a Tennessee Bureau of Investigation agent about how double barrel shotguns operate.

NEWSMAKERS

Brown Joins Michael Hatcher & Associates

Lana L. Brown has joined Michael Hatcher & Associates Inc. as controller. In her new role, Brown is responsible for the accounting operations of the company, which includes financial reporting, cash management, risk management and maintaining a good system of accounting policies.

LOCAL COLUMNISTS

Prevent Business Complacency

Why do so many great organizations struggle with change? After all, “the only thing that is constant is change,” according to Greek philosopher Heraclitus, and the sentiment couldn’t be truer today.

The Business Case for Sustainability

Editor’s Note: This column will appear Tuesdays throughout April in honor of Memphis and Shelby County’s Sustainability Month.

Rising Dollar, Falling Expectations

The first quarter of trading for 2015 came to a close on Tuesday, March 31. As of March 26, the U.S. dollar stands 8 percent higher for the year, the yield on the 10-year Treasury stands 8 percent lower on the year and the S&P 500 has fallen a conviction-less 0.10 percent.

STATEWIDE

Haslam-Owned Truck-Stop Company Settles 4 Rebate Fraud Cases

NASHVILLE, Tenn. (AP) – Four trucking companies have settled lawsuits against the truck-stop chain owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam.

STATE GOVERNMENT

Sponsor Withdraws Tennessee Abortion Ultrasound Bill

NASHVILLE, Tenn. (AP) – A bill that originally sought to require ultrasound images be shown or described to women seeking abortions in Tennessee has been withdrawn for the year.

Haslam Withdraws Effort to End Bonuses for Existing Workers

NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam is withdrawing his effort to remove longevity bonuses for existing state employees after running into staunch opposition in the Legislature.

Amended Bill Would Delay Tennessee School Voucher Plan

NASHVILLE, Tenn. (AP) – A proposal that seeks to create a school voucher program in Tennessee was amended Tuesday to delay the plan for a year, even though the measure's sponsor says it would hurt efforts to help children get a better education.

Judge Denies Open Records Lawsuit Against Haslam

NASHVILLE, Tenn. (AP) – A tax attorney who sued for the release of records from Gov. Bill Haslam's administration related to a $350,000 analysis of business tax collections in Tennessee said Tuesday that he likely will appeal a judge's denial of his lawsuit.

Judge Strikes Law Limiting Workers' Comp to Undocumented

NASHVILLE, Tenn. (AP) – A Nashville judge has ruled that a state law that limits the amount of workers' compensation benefits undocumented workers can receive is unconstitutional.

NATIONAL BUSINESS

Bankruptcy Judge Approves RadioShack Asset Sale

DOVER, Del. (AP) – A Delaware bankruptcy judge has approved the sale of assets of RadioShack to hedge fund Standard General LP that will keep more than 1,700 stores open and preserve more than 7,000 jobs.

REAL ESTATE

US Home Prices Rise Modestly, Weigh on Affordability

WASHINGTON (AP) – U.S. home prices rose at a steady pace in January, pushing prices up at a faster pace than wages and putting more homes financially out of reach for would-be buyers.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 94 157 3,912
MORTGAGES 130 209 5,475
FORECLOSURE NOTICES 21 21 1,221
BUILDING PERMITS 178 178 9,317
BANKRUPTCIES 65 108 3,764
BUSINESS LICENSES 48 74 1,628
UTILITY CONNECTIONS 87 194 5,137
MARRIAGE LICENSES 23 49 1,073

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