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VOL. 131 | NO. 1 | Friday, January 1, 2016

Tri-State Bank Sells Downtown Memphis Headquarters

A prime piece of Downtown real estate linking Beale Street and the South Main district has been sold.

Strickland Takes Office Promising Change

Things move quickly once it is decided the incumbent mayor will not be returning to City Hall.

OSI Creative Initiative Brings Single Moms to Workforce

OSI Creative has chosen Memphis to pioneer its Mothers and Jobs initiative, a program designed to provide employment for local single mothers.

Mall of Memphis Land Sold to Trucking Company

The development company that wanted to build a speculative industrial park on the former Mall of Memphis site has sold the property instead.

Last Word: Out With the Old, In With The River

We end 2015 with an eye on the Mississippi River as the city marks the New Year with three major New Year’s Eve outdoor celebrations – one on Beale Street, another in the newly-awakened Overton Square and yet another in the Broad Avenue Arts District.

Local Weather
Currently
Memphis, TN
82.0°F
Partly Cloudy
Wind: South at 8.1 mph
Humidity: 77%

EVENTS

The Yard will recycle Christmas trees free of charge Monday, Jan. 4, through Jan. 29 at its recycling and composting facility, 1735 Thomas Road. If you mention Memphis Botanic Garden when dropping off a tree, The Yard will donate $5 to the garden. Visit memphisbotanicgarden.com for details.

more events »

The Good and Bad of Memphis’ Fortune 500

During a breakfast meet-and-greet with young professionals earlier this fall at International Paper’s newly opened building on its Poplar Avenue campus, IP chairman and CEO Mark Sutton recalled attending an investor day event during his first month on the job.

iBank Tower Sells for $19.2 Million

The iBank Tower, located at 5050 Poplar Ave., has sold for $19.2 million, and for the first time, the same owner controls both the iBank Tower and the nearby Clark Tower at 5100 Poplar Ave.

Grant Program Proving Beneficial To Neighborhood Watch Groups

With backing from the City of Memphis, local neighborhood associations can receive up to $2,500 to make their neighborhoods safer.

SPORTS

It’s Official: Memphis QB Paxton Lynch Declares for NFL Draft

The surprise had been gone for a long time. Everyone expected University of Memphis redshirt junior quarterback Paxton Lynch to declare for next spring’s NFL Draft.

For Grizzlies, Defense and Mental Toughness Trump Style of Play

In their last game of the 2015 calendar year, the Memphis Grizzlies had survived an epic fourth-quarter scoring drought, climbed above Marc Gasol’s broad shoulders in overtime, and emerged with a 99-90 victory over the Miami Heat at a happy FedExForum.

One Tigers Football Era Ends, Another Begins

As handoffs go, this one was a fumble.

Titans Face Number of Questions As Season Ends

The Tennessee Titans are on the clock. If they lose to the Indianapolis Colts in Sunday’s season finale, the Titans franchise will have the first pick in the 2016 NFL Draft for the first time since the Houston Oilers took Earl Campbell first overall in 1978.

LOCAL COLUMNISTS

Diverse Learning

The black kid across the hall came from Pearl in Nashville and had a full-ride scholarship.

Resolutions Not to Make in 2016

Ray’s Take New Year’s Eve is traditionally a time to make resolutions about what we will do in the coming year. But, since investing is one of those topics that don’t come easy to a lot of people, let’s do something different. Make resolutions of what you will not do.

Refugees, Regents, Privatization On Tap for New Session

State Sen. Ken Yager isn’t quite ready for the state of Tennessee to reclaim the Refugee Resettlement Program from Catholic Charities.

STATEWIDE

Measure Increasing Seat Belt Fines Among New Tennessee Laws

NASHVILLE, Tenn. (AP) – Motorists in Tennessee who don't buckle up could face stiffer fines under one of many new Tennessee laws taking effect Friday.

TECHNOLOGY

Facebook Glitch Celebrates 46 Years of Online Friendship

SAN FRANCISCO (AP) – Facebook's making some of its users feel a lot older than they really are.

ECONOMY

AP Explains: How Much Money You Just Saved on Gas in 2015

NEW YORK (AP) – U.S. drivers saved a bunch of money on gasoline this past year, as Saudi Arabia and other OPEC members kept the pumps going in the face of low oil prices. Massive stockpiles of crude globally turned 2015 into the year of the pain-free fill up. More of the same is expected for 2016 as oil prices remain low. Here's a quick breakdown of the numbers, courtesy of the AAA.

FINANCIAL

Market Volatility Causes IPO Market to Stall Out in 2015

NEW YORK (AP) – The volatile trading that defined 2015 led to a very choppy market for companies wanting to go public.

2015 Market Winners, Losers: Tech Soars, Old Guard Stumbles

NEW YORK (AP) – In a flat year overall for stocks, there was still plenty of excitement to be enjoyed – or endured – by 2015's biggest winners and losers.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 140 16,020
MORTGAGES 0 145 18,537
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 323 32,794
BANKRUPTCIES 0 121 10,621
BUSINESS LICENSES 0 58 5,144
UTILITY CONNECTIONS 0 90 11,307
MARRIAGE LICENSES 0 60 3,833

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