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VOL. 132 | NO. 107 | Tuesday, May 30, 2017

St. Jude Scientists Find New Way to Fight Flu

A team of scientists at St. Jude Children’s Research Hospital has been exploring a new approach to fighting the influenza virus using an investigational cancer drug that’s in clinical trials to treat solid tumors.

EMPHASIS Public Companies

ServiceMaster Almost Ready for First Employees to Occupy Downtown HQ

By mid-June the first wave of employees will move into the new ServiceMaster Global Headquarters at 150 Peabody Place, bringing to fruition what many city leaders believe is one of the biggest wins for Downtown Memphis in a decade. 

Memphis-Based MAA Thriving As Demand for Rental Housing Grows

Since it was founded by George Cates in 1977, real estate investment trust MAA has grown from an upstart local business into a S&P 500 company with more than 100,000 units and total market capitalization of $16 billion.

Last Word: Halfway Point, The Cancer-Influenza Connection and Wade Baldwin's Way

Monday was the day that Memphis Light Gas and Water Division reached the halfway point in restoring power. There were 90,384 customers without power Monday evening, compared to 188,000 without power at the outset Saturday evening at 11 p.m. There were 126 utility crews working by Monday evening.

Local Weather
Currently
Memphis, TN
70.0°F
A Few Clouds
Wind: West at 3.5 mph
Humidity: 97%

EVENTS

Memphis Botanic Garden continues its 2017 Vine to Wine series Tuesday, May 30, from 6 p.m. to 8 p.m. at MBG, 750 Cherry Road. This month’s tasting, “Cork and Pork,” wraps up May with a tribute to swine and wine. Tickets are $30 for members and $45 for nonmembers. Visit memphisbotanicgarden.com/winetastings for details.

more events »

FedEx Supply Chain Ramps Up New Medical Distribution Warehouse

FedEx Supply Chain, formerly known as Genco, is ramping up activity at its 1.1 million-square-foot multitenant distribution warehouse on East Holmes Road. Memphis-based FedEx Corp. acquired Genco, a third-party logistics provider, for $1.4 billion in early 2015 and announced a network expansion last October.

GOVERNMENT

City Council Members: Beale Bucks Evolving

Beale Street’s new $5 weekend night cover charge still has a few details to work out, says Memphis City Council chairman Berlin Boyd.

SPORTS

Grizz Rookie Wade Baldwin Learned He Had Much to Learn

In his first NBA preseason game, 2016 first-round draft pick Wade Baldwin wowed his Grizzlies teammates. Everything he shot went in the basket (15 points on 5-for-5 shooting) and he played with force and athleticism that, in retrospect, led to some true hoops hyperbole.

LOCAL COLUMNISTS

Patience and Time – Everything Won’t Happen by Friday

Patience and time are two resources required for success within the nonprofit sector. At the same time, these are perceived as being in short supply. We encourage you to take a moment to reflect on the goals you set for yourself and your organization. Examine whether or not these are realistic and achievable. 

Emotional Innovation

A Front End of Innovation Conference talk by Craig Dubitsky, founder, Hello Products. Hello Products is disrupting a $30 billion daily use global category by asking the right questions and delivering delight.

NATIONAL BUSINESS

CEO Pay By the Numbers: How Big Were Last Year's Raises?

The typical big-company CEO raked in $11.5 million last year in salary, stock and other compensation, according to a study by executive data firm Equilar for The Associated Press. That's an 8.5 percent raise from a year earlier, the biggest in three years.

US Durable Goods Orders Fell for First Time in 5 Months

WASHINGTON (AP) – U.S. orders for long-lasting manufactured goods dropped in April for the first time in five months, and a key category that tracks business investment went nowhere for the second straight month.

LEGAL AFFAIRS

New 'Blue Lives Matter' Laws Raise Concerns Among Activists

JEFFERSON CITY, Mo. (AP) – Following a spike in deadly attacks on police, more than a dozen states have responded this year with "Blue Lives Matter" laws that come down even harder on crimes against law enforcement officers, raising concern among some civil rights activists of a potential setback in police-community relations.

EDUCATION

States Struggle With Oversight of Online Charter Schools

COLUMBUS, Ohio (AP) – As U.S. children flock to virtual charter schools, states are struggling to catch up and develop rules to make sure the students get a real education and schools get the right funding.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 134 8,483
MORTGAGES 0 168 9,970
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 17,944
BANKRUPTCIES 1 46 6,049
BUSINESS LICENSES 0 25 3,155
UTILITY CONNECTIONS 0 0 6,447
MARRIAGE LICENSES 0 32 2,133

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