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VOL. 127 | NO. 9 | Friday, January 13, 2012

Details Emerge in Morgan Keegan Sale

During a conference call with analysts early Thursday, Jan. 12, one day after announcing their firm’s acquisition of Morgan Keegan & Co. Inc. for $930 million, Raymond James Financial Inc. officials shared new details that employees of the Memphis firm had been waiting to hear.

Lighter Loads

Equipment aims to cut nurses’ heavy lifting

It’s been estimated that the average nurse lifts more than 3,600 pounds during a single shift – more than one and a half tons.

Ewing Signs New Lease In SE Memphis

Ewing Moving Service Inc. & Storage is relocating its operations in Southeast Memphis for better efficiencies and more office space.

Lines Still Blurred for Memphis Redistricting

Memphis Mayor A C Wharton Jr. is expressing concern over representation for the city of Memphis in the three levels of redistricting plans now pending – county, state and federal.

MEM Lands New Flights to DC

With new Delta Air Lines Inc. cuts in service taking effect this month at Memphis International Airport, the airport got some good news to start the New Year from another carrier – US Airways.

Local Weather
Currently
Memphis, TN
44.0°F
Fair
Wind: Northeast at 4.6 mph
Humidity: 47%

EVENTS

Rhodes College will debut its new lecture series, Communities in Conversation, with a discussion with linguist, political activist and writer Noam Chomsky Friday, Jan. 13, at 5 p.m. in McCallum Ballroom, Bryan Campus Life Center at Rhodes College. Chomsky will discuss the Occupy Wall Street movement. The lecture is free and open to the public. For more information about the series, contact Dr. Jonathan Judaken at 843-3292 or judakenj@rhodes.edu.

more events »

Delta Shares Up on Report of Interest in AMR

FORT WORTH, Texas (AP) – Shares of Delta Air Lines Inc. rose Thursday after a report that the world's second-biggest airline may try to buy American Airlines parent AMR Corp.

MEMPHIS STANDOUT

Weirich Exemplifies Hands-On Approach

Editor’s Note: A Daily News series features past winners of the Bobby Dunavant Public Service Awards, which annually honor one elected and one non-elected government official. The 2012 awards will be presented Feb. 22.

SPORTS

Grizz Struggling Without Z-Bo As MLK Game Approaches

It’s almost cruel. At a time when the Grizzlies are playing without their best player, power forward Zach Randolph, NBA legends George Gervin and Clyde Drexler are coming to FedExForum.

Wins Shouldn’t Be This Hard For Tigers

Let’s start with the positives. The Tigers have a five-game winning streak. They’re 2-0 in Conference USA heading into the Saturday, Jan. 14, game at Houston. Which means they didn’t lose to a horrid UAB team in Birmingham (but they almost did), and they didn’t give away a game at home against Southern Miss (although they gave it the old college try).

Rudy Gay Helps Grizzlies Beat Knicks

MEMPHIS (AP) – That was the Rudy Gay the Memphis Grizzlies have been waiting to see.

LOCAL COLUMNISTS

This One’s For Bob

FOUND, NOT LOST. “There’s a hole up here,” she said, and then held up a mirror so I could see a perfectly round, barren wasteland about two inches wide in what used to be an uninterrupted forest of dark brown hair. But, then, it used be all dark brown too. “What should I do about it?” I asked. “Stay away from people taller than you,” she said.

Creating a Culture of Fundraising

Fundraising is a vital part of an organization’s lifeblood – it is what people do in order to bring an organization’s mission and vision to life. This is what makes the nonprofit sector different from the private or public sectors. “Revenue” is donated or “granted,” and fundraising is the primary way funds are secured.

MEMPHIS AREA

Board Approves Naming Memphis Street for MLK

MEMPHIS (AP) – Memphis officials on Thursday approved naming a city street after the Rev. Martin Luther King Jr., nearly 44 years after the civil rights leader was killed in the city.

STATEWIDE

Former Memphis Judge Bailey to Speak at Vanderbilt

NASHVILLE (AP) – Civil rights activist and former Memphis judge D'Army Bailey will speak Thursday at Vanderbilt University Law School in commemoration of the Rev. Martin Luther King.

STATE GOVERNMENT

Tenn. House Approves GOP Redistricting Plan

NASHVILLE (AP) – The state House has approved a plan to redraw the chamber's 99 districts, overriding Democrats' objections that it placed five African-American incumbents into three seats.

NATIONAL BUSINESS

Retail Sales Weaken in Dec. But Cap Record Year

WASHINGTON (AP) – America's retailers enjoyed a record 2011 and their first $400 billion sales months ever. But the final month of the year was a dud.

NATIONAL GOVERNMENT

US Gov't on Pace for Smaller Deficit in 2012

WASHINGTON (AP) – The federal deficit was lower in the first quarter of the 2012 budget year than the same period last year. Yet, the imbalance remains high by historical standards and should keep lawmakers debating tax increases and spending cuts through Election Day.

REAL ESTATE

Rate on 30-Year Mortgage Drops to Record 3.89 Pct.

WASHINGTON (AP) – Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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