VOL. 127 | NO. 10 | Monday, January 16, 2012
Electrolux North America executives said Tuesday, Jan. 17, the company has awarded $6.3 million of the $15.3 million in contracts so far for construction of its new Memphis plant to local minority-owned firms. And $14.5 million of the $15 million total has been awarded to local companies including the minority-owned firms.
Fictional play draws on Dr. Martin Luther King Jr.’s life, motel room
Broadway’s Memphis connection continues with a third play in which the city is a backdrop.
Last year’s home sales declined 6 percent from 2010, and local real estate professionals expect 2012 to be more of the same, as consumers hold their pocketbooks tight and wait for more economic stability.
Local home sales saw a slight uptick during the fourth quarter, but the improvement wasn’t big enough to boost 2011’s overall totals.
Sometimes the youngest among us say it best. So it was on Monday at FedExForum, where Sherry Knights and her two sons stopped in at the Martin Luther King Jr. Day Sports Legacy Symposium before taking in the game between the Grizzlies and the Chicago Bulls.
The local discussion about changes to Shelby County’s two public schools systems shifts this week to efforts by leaders of the county’s six suburban towns and cities to form their own school system or systems.
Memphis Mayor A C Wharton Jr. admitted that he sounded a bit glum Wednesday, Jan. 11, when he spoke to a group of around 100 at the Memphis Kiwanis Club at the start of his new term of office.
There was one very important change to the new district lines for the Tennessee State Senate as the week ended in Nashville with the legislature taking final action on the once a decade redistricting process.
The week after the schools consolidation transition planning commission began holding public hearings, the leaders of Shelby County’s six suburban municipalities are about to get a long-awaited report from consultants they hired last year to explore forming a separate school system to avoid schools consolidation.
Linda Carter, a former Millington alderwoman, is the new interim mayor of Millington.
Frank Bono, former senior vice president and chief technology officer for Wright Medical Technology Inc., has filed complaint in Shelby County Chancery Court against his former employer seeking damages and injunctive relief for breach of contract, retaliatory discharge, defamation and violations of the Tennessee Public Protection Act.
It’s still very much a buyer’s market for prospective homebuyers in Shelby County – there’s just not enough of those buyers.
The last three months of 2011 followed the same pattern of mortgage activity that occurred throughout all of 2011. To use an airline metaphor, the local industry still had ice on its wings during the fourth quarter.
Memphis City Council members will talk Tuesday, Jan. 17, about getting more information from the mayor’s office about financial incentives used to bring companies to the city.
The Memphis City Council will meet Tuesday, Jan. 17, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.
SMALL BUSINESS SPOTLIGHT
When Ron Archer Auto Care owners Brandon Archer and Luke Archer took over the family business in late 2007, the brothers made a commitment to continue doing business the way their father had for the previous 32 years.
REAL ESTATE RECAP
2865 Riverport Road, Memphis, TN 38109 -
A $12.1 million building permit application has been filed for the Mitsubishi Electric Power Products Inc. plant property at 2865 Riverport Road in southwest Memphis’ Rivergate Industrial Park. The application states it is for “deep foundation for manufacturing and office building.”
What if by simply drawing a line you could reduce the suffering and anguish of thousands and save lives in the process? Wouldn’t you think it was a good idea?
Last week we spotlighted Visible Music College, which is working to train and equip artists, technicians and business professionals in skill and character for effective service in the music industry and the church. Since January is known as National Mentoring Month, this week let us turn our attention toward an organization that is helping children reach their potential through professionally supported one-to-one relationships with mentors that have a measurable impact on youth: Big Brothers Big Sisters of Greater Memphis.
THE MEMPHIS NEWS
Morgan Keegan sold to Raymond James in blockbuster $930M deal
It’s been something of a roller coaster ride for a little more than six months in the drawn-out process by Regions Financial Corp. to sell Morgan Keegan & Co. Inc., its Memphis-based investment unit.
Editor’s Note: Below is a portion of the official statement Raymond James issued on the Morgan Keegan acquisition. For the complete corporate statement, plus additional coverage of the historic sale, visit www.memphisdailynews.com.
Opera Memphis, which opened its 2011-2012 season with the torrid romance and drama of “Tosca” now invites audiences to sit back and laugh.
The good news is that in November, the National Restaurant Association’s Restaurant Performance Index rose to its highest level in five months. The bad news – well, can there be any bad news if these indices hold true for 2012? Naturally the National Restaurant Association is bullish about the figures they have complied, but let’s do a little analysis.
If you drink a wide range of wines, you probably know the names of most of the important grapes. I mean, you don’t have to take a wine class or even read a book to remember chardonnay, chenin blanc, pinot grigio and sauvignon blanc; cabernet sauvignon, merlot, pinot noir, syrah, zinfandel.
NASHVILLE (AP) – State lawmakers have approved new boundaries for the 132 seats in the Tennessee General Assembly and nine seats in the U.S. House.
NASHVILLE (AP) – After being sued for creating rules in secret, a state commission on Friday rescinded a policy that directed local jailers to check the immigration status of detainees.
NEW YORK (AP) – Out of a relatively balmy winter have sprung some economic surprises. People have more cash in their pockets because they aren't turning up the thermostat. Airlines don't have to de-ice planes or battle blizzards. And shoppers are finding great deals on coats and boots.
WASHINGTON (AP) – Seeking more power to shrink the government, President Barack Obama on Friday suggested smashing six economic agencies into one, an election-year idea intended to halt bureaucratic nightmares and force Republicans to back him on one of their own favorite issues.