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VOL. 133 | NO. 12 | Tuesday, January 16, 2018

FedEx Realigns Specialty Companies Under Trade Networks

FedEx Corp. has announced that effective March 1, the company will realign its specialty logistics and e-commerce solutions under FedEx Trade Networks Inc. and FTN CEO Richard W. Smith.

Shelby County Home Sales Volume, Average Price Soar

Average home sale prices and overall sales volume showed healthy gains in 2017 over the previous year, signaling another good year for the housing market in Shelby County.

Mortgage Market Slows in December, Up 8 Pct. in ’17

Buoyed in part by solid numbers for 2017, bankers in Memphis like David Umsted are already looking ahead to what they foresee will be another busy year for the mortgage business locally thanks to a mix of underlying strengths for the market.

Kuo Brings ‘Power Is Female’ Platform To Role as President of Women Attorneys Group

Incoming Association for Women Attorneys president Eileen Kuo sees women changing how the game is played in the field of law and redefining what it means to be leaders.

Local Weather
Currently
Memphis, TN
89.0°F
Partly Cloudy
Wind: Southwest at 6.9 mph
Humidity: 63%

EVENTS

The Association for Women Attorneys will host its 38th annual banquet Tuesday, Jan. 16, at 6 p.m. at 409 S. Main St. The AWA will induct its 2018 board officers, honor A Step Ahead Foundation CEO Claudia Haltom for outstanding achievements in the legal profession, and award scholarships to University of Memphis law school students. Tickets are $60 for members, $70 for nonmembers and $30 for law students. Email mwarden@smmlawoffice.com or call 901-821-0044.

more events »

EMPHASIS Education

Global Reach

U of M aims to attract more tuition-paying international students

Jasbir Dhaliwal wears many titles – and carries many responsibilities – at the University of Memphis. He is vice provost of academic affairs and dean of the graduate school. He is chief innovation officer and the executive director of the FedEx Institute of Technology.

Crosstown High Preps For August Opening

The first class of freshmen students has been selected for the fall semester of Crosstown High, a new public charter school opening this August. The school, which will welcome 600 students by 2021, will be located on the first, fourth and fifth floors of the new community-driven, mixed-use Crosstown Concourse redevelopment.

Shelby County Prekindergarten Push Remains in General Terms for Now

Nearly six years after voters defeated two ballot questions in as many years that would have provided a tax revenue steam for universal prekindergarten, the pre-K quest is back.

GOVERNMENT & POLITICS

Roland Pulls Petition For Mayor, Running As ‘Uniter’

Shelby County commissioner Terry Roland has been campaigning for Shelby County mayor since last year.

REAL ESTATE RECAP

Memphis Hilton Sale, New FedEx Hub Building Highlight Busy Week

939 Ridge Lake Blvd. -
The Memphis Hilton, the iconic cylindrical hotel located at 939 Ridge Lake Blvd. in East Memphis, has sold for $31 million.

LOCAL COLUMNISTS

How to Support Nonprofit Volunteers

Editor’s note: Part two of a three-part series. Sometimes volunteers within a nonprofit don’t measure up. That’s not unusual. It’s part of life. For all of us, there are times when we don’t hit the mark. And most know what it’s like when others don’t meet our expectations. 

Stumble Bravely Into Innovation

I met many people who have been put in charge of their organization’s innovation program because of their past performance record. They were product managers, engineers, database architects, IT professionals, HR specialists or marketers by training. Suffice to say, they have proven to be capable and trustworthy in the past with a given initiative. 

NATIONAL BUSINESS

Some Utility Rates Could Go Down After US Corporate Tax Cuts

OKLAHOMA CITY (AP) – Public utility regulators from Oklahoma to Massachusetts are considering lowering the rates that homeowners and businesses pay for electricity and natural gas after a federal tax overhaul signed into law by President Donald Trump reduced the corporate income tax rate by 14 percent.

Despite Merry Holidays, Retailers Face Challenges in 2018

NEW YORK (AP) – Retailers are riding high after ebullient U.S. consumers shopped at the healthiest pace in more than a decade over the holiday season. But merchants can't afford to rest easy.

GM Says It's Mass-Producing Cars Without Steering Wheels

DETROIT (AP) – General Motors says it is making the first mass-production autonomous car without a steering wheel or pedals.

Inflation Watch: December Consumer Prices Up Just 0.1 Pct

WASHINGTON (AP) – Consumer inflation slowed in December to a tiny 0.1 percent gain as energy costs retreated from a big jump in November.

As Companies Give Bonuses, Prospect of Pay Gains Still Hazy

WASHINGTON (AP) – American Airlines is handing out $1,000 bonuses to its employees. So are AT&T, Bank of America and Nationwide Insurance. The same for Comcast, JetBlue Airways and US Bancorp.

FINANCIAL SERVICES

Fund Manager Q&A: What to Expect From Muni Bonds in 2018

NEW YORK (AP) – Municipal bonds took investors on a roller coaster at the end of 2017, as prices swung on concerns about what Washington's overhaul of the tax system will do to the $3.8 trillion market.

HEALTH CARE

Medical Credit Cards Can Mean Aches and Pains for Patients

WASHINGTON (AP) – Few people look forward to a trip to the doctor or dentist, especially if they're not sure how they will pay for it.

More Time to Send Health Care Forms to Staffers

The IRS has extended until March 2 the deadline for employers and insurers to provide 2017 health insurance information forms to employees. The forms, which have the numbers 1095-B and 1095-C, detail the coverage provided to each employee during the year. The forms were originally due to be in employees' hands by Jan. 31.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 68 321 13,763
MORTGAGES 79 340 15,906
FORECLOSURE NOTICES 20 44 2,183
BUILDING PERMITS 265 765 28,522
BANKRUPTCIES 49 227 8,877
BUSINESS LICENSES 28 113 4,678
UTILITY CONNECTIONS 25 118 5,511
MARRIAGE LICENSES 16 73 2,967

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