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VOL. 131 | NO. 175 | Thursday, September 1, 2016

Memphis in May Packs $88 Million Punch

The Memphis in May International Festival, in addition to goals that include cultivating international relationships, had a major impact this year on the Memphis area economy – to the tune of $88 million.

A Day of ‘Firsts’ for Memphis Coach Mike Norvell and QB Riley Ferguson

If it feels like the opening of this college football season for the University of Memphis has been a long time coming, well, put yourself in first-year coach Mike Norvell’s turf shoes.

SCS Ponders How to Pay For Retirees’ Insurance

Shelby County Schools board members approved an $8.4 million, three-year agreement with MetLife Insurance to continue life insurance coverage of school system retirees Tuesday, Aug. 30, but it will cost $7.2 million more for the same coverage.

Bike Share Attractive for Developers, Tenants

On both sides of the spectrum, real estate developers and tenants are attracted to bike share because proximity to the rental bikes makes areas attractive.

McQueen Kicks Off High School Tour in Arlington

Logan Feathers has thought about playing professional football just about as long as he can remember.

Local Weather
Currently
Memphis, TN
93.0°F
Partly Cloudy
Wind: North at 9.2 mph
Humidity: 46%

EVENTS

Choose 901 will host a 901 Day celebration Thursday, Sept. 1, from 4 p.m. to 10 p.m. at Loflin Yard, 7 W. Carolina Ave. The evening will feature food and Memphis-themed drinks for purchase, a live music showcase, local vendors and more. Admission is free. Visit choose901.com.

more events »

REAL ESTATE RECAP

Cordova’s Parkway Place Sells in Foreclosure

1250 N. Germantown Parkway -
Cordova’s Parkway Place shopping center and three adjacent properties have sold in foreclosure for $19.6 million.

LOCAL COLUMNISTS

Hiking Red Rock Beauty of Utah

Crossing into Utah from Colorado doesn’t present a sudden change in terrain.

Champ or Chomp, But Not Chump

A few years back I wrote a column in which I noted that champ at the bit had been used in my daily paper. Twice in one day. In different articles, a few pages apart.

STATEWIDE

Volkswagen Stakes Hopes of US Sales Revival on Tennessee-Made SUV

CHATTANOOGA, Tenn. (AP) – Volkswagen's new SUV comes with a feature that automatically controls braking to each wheel as the seven-seater descends on slippery off-road terrain. The German automaker is staking its hopes on the new model being just as adept at arresting the company's sales woes in the United States.

Officials: Federal Inmate Escaped From Detention Center

JONESBOROUGH, Tenn. (AP) – Authorities say a federal inmate has escaped from the Washington County Detention Center in Jonesborough.

REGIONAL NEWS

Spirits Maker Brown-Forman Posts Lower 1Q Profit

LOUISVILLE, Ky. (AP) – Spirits maker Brown-Forman Corp. said Wednesday its first-quarter net income fell 7 percent as challenging foreign exchange conditions hampered its performance in emerging overseas markets and the loss of its Southern Comfort brand cut into overall sales.

NATIONAL BUSINESS

ADP Says Small Business Hiring Creeps Higher in August

Small businesses nudged their hiring pace higher in August, adding 63,000 jobs, payroll company ADP said Wednesday. That's an increase of 2,000 from July's 61,000 new jobs, but down substantially from the monthly average of 84,000 during the first half of the year. ADP compiles the report from data posted online by its small business customers, which are companies with up to 49 employees.

REAL ESTATE

Pending US Home Sales Strengthened in July

WASHINGTON (AP) – More Americans signed contracts to purchase homes in July, a sign that demand for home ownership remains strong despite a shortage of listings on the market.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 90 218 13,507
MORTGAGES 115 281 16,987
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 215 455 29,184
BANKRUPTCIES 46 170 10,117
BUSINESS LICENSES 18 74 4,431
UTILITY CONNECTIONS 88 291 16,612
MARRIAGE LICENSES 16 75 3,548

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