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VOL. 130 | NO. 167 | Thursday, August 27, 2015

Fred’s Reports Second-Quarter Loss

  1:13pm

The toughest part of guiding a ship, Fred’s Inc. CEO Jerry Shore told analysts Thursday, Aug. 27, is changing its direction.

UTHSC Pursuing Hotel-Conference Center in Medical District

The University of Tennessee Health Science Center is looking for a developer to build a hotel and conference center at the southwest corner of Madison Avenue and South Pauline Street.

One Beale, Tennessee Brewery Plans Go to Design Board

Plans for two of Downtown Memphis’ most high-profile projects are set to go before a key development board next week.

Southwest Adds Memphis Flights

Southwest Airlines will add seasonal nonstop flights between Memphis and Austin, Texas, along with an additional seasonal flight to Orlando.

Memphis' Bigger Brothers

In 50 years, CBHS goes from no hot water to $25 million makeover

If spending begins with saving, then Brother Adrian Powers’ fingerprints are all over the $25 million improvement campaign at Christian Brothers High School that includes a $10 million athletic development center.

Local Weather
Today
Memphis, TN
82°F
Partly Cloudy
Wind: 7 mph
Humidity: 39%

EVENTS

AAF Memphis and AIGA Memphis will host a joint luncheon with Debbie Millman, president of Sterling Brands’ design division, Thursday, Aug. 27, from 11:30 a.m. to 1 p.m. at the Kroc Center’s Hardin Grand Hall, 800 East Parkway S. The topic is “On Rejection: How the Worst Moments of Your Life Can Turn Out to Be the Best.” Visit aafmemphis.org/events for details and registration.

more events »

University of Memphis, Church Health Center Form Partnership

The University of Memphis and the Church Health Center are forming a partnership to help the underserved of Memphis.

Kudzukian’s ‘Neo-Radio’ Platform Has Room to Grow

What does kudzu have in common with a media content company in Memphis that bears its name?

Memphis College of Art Set to Exit Downtown Memphis

The Memphis College of Art appears set to move its graduate programs away from Downtown and back to its Overton Park campus.

Haslam Talks of Larger Shift in Tennessee Higher Education

Before the picket line against outsourcing the management of state office buildings went up Tuesday, Aug. 25, at Southwest Tennessee Community College’s Macon Cove campus, Tennessee Gov. Bill Haslam saw some different signs: several students holding up posters thanking Haslam for the Tennessee Promise program.

LOCAL COLUMNISTS

‘Punching Out’ for the Last Time

Ray’s take: According to AARP, baby boomers are turning 65 at the rate of 10,000 per day. That means a lot of people are looking at the traditional retirement age coming up fast. Whenever you plan to not have to work anymore, there are some basic financial decisions you should make as you near that age.

4 Tips for Staying Safe on Public Wi-Fi

Think about the last time you checked your online bank account at your local coffee shop, updated social media while waiting in line at a store or caught up on your email at an airport during a layover.

Booting Up

I don’t remember where I got the quip that is the theme for today’s I Swear Crossword. It’s hardly original. The gist of it is that if you power down for a while, you’ll almost always power back up. It’s a comforting thought. Or is it?

STATEWIDE

Tennessee Students Continue to Improve on ACT

NASHVILLE, Tenn. (AP) — State education officials say Tennessee public high school students improved on the ACT for the third straight year.

Corker Urges Long-Term Road Funding Solutions in Tennessee

NASHVILLE, Tenn. (AP) — Republican U.S. Sen. Bob Corker says he hopes his home state of Tennessee won't emulate the Washington approach to spending on transportation projects without finding ways to pay for them.

Warden: Detain Workers Who Take Rosters Outside Prison

NASHVILLE, Tenn. (AP) — A Tennessee prison warden has called for correctional officers to be detained if they remove scheduling information from prison grounds.

Tennessee Teacher Survey Shows Concerns With Test Prep

NASHVILLE, Tenn. (AP) — With new tests on the way in math and English for students in grades three through 11, a survey released Wednesday shows Tennessee teachers worried that they're spending too much time on testing and test preparation.

NATIONAL BUSINESS

Despite Stock Fall, Financial Health of Many Remains Solid

WASHINGTON (AP) — Many Americans have just absorbed a financial beating — at least as measured by their stock holdings. It's the kind of blow that can feed a sense of helplessness about retirement, college savings and higher-than-expected bills.

US Durable Goods Orders Up 2 percent in July

WASHINGTON (AP) — Orders to U.S. factories for long-lasting manufactured goods rose for a second month in July, and demand in a key category that tracks business investment plans jumped by the largest amount in 13 months.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 269 12,541
MORTGAGES 80 325 16,357
FORECLOSURE NOTICES 0 34 3,226
BUILDING PERMITS 0 561 27,337
BANKRUPTCIES 52 221 10,435
BUSINESS LICENSES 18 102 4,186
UTILITY CONNECTIONS 66 351 16,272
MARRIAGE LICENSES 24 99 3,665

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