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VOL. 127 | NO. 13 | Friday, January 20, 2012

First Horizon Posts Profit for Q4, Full Year

A little more than three years removed from the worst of the credit crisis and with a new chairman of the board in place, the parent company of the largest Tennessee-based bank posted solid fourth-quarter and full-year 2011 numbers Friday, Jan. 20.

History for Sale

Lifelink puts musically rich church on market

The Memphis church where a young Johnny Cash hit the stage for his first performance is looking for a savior.

Menke: Chap. 11 Might Be 'Best Way' for Pinnacle

Pinnacle Airlines Corp. CEO Sean Menke told employees Friday, Jan. 20, that problems at the Memphis-based regional air carrier are worse than he originally thought.

Southwest Confirms Memphis Plans

Southwest Airlines is coming to Memphis International Airport.

Bartlett Explores Own School District

If Bartlett moves forward with its own municipal school district, the city’s school board would have to immediately begin making plans for a new high school.

Local Weather
Currently
Memphis, TN
47.0°F
Fair
Wind: Calm mph
Humidity: 59%

EVENTS

The 2012 Memphis International Auto Show will be held Friday, Jan. 20, and Saturday, Jan. 21, from 10 a.m. to 9 p.m. and Sunday, Jan. 22, from 10 a.m. to 5 p.m. at the Memphis Cook Convention Center, 255 N. Main St. For more information, visit www.memphis-autoshow.com.

more events »

Full Text of Schools Feasibility Study Reports

Feasibility studies for the creation of a municipal school district have been released for five of six suburban municipalities – Arlington, Bartlett, Collierville, Germantown and Lakeland. The report for Millington has not yet been released.

Arlington and Lakeland Schools Reports Read Differently

All five reports are by Southern Educational Strategies LLC of Memphis. And all five rely on the same legal opinion for the formation of the municipal school districts. That opinion puts a lot of weight on court rulings involving annexations by city governments in which cities got school buildings and other public facilities at no cost..

Bluff City Coffee Inks New Space

Bluff City Coffee, the coffee and snack shop in Downtown’s South Main Historic Arts District, has recently unveiled some aggressive expansion plans.

Commission Looks at Power Realignment

For three months, a split among the six Republicans on the 13-member Shelby County Commission has been more evident than the split among the seven Democratic commissioners.

Littler Mendelson Opens Memphis Law Office

Littler Mendelson P.C., the largest labor and employment law firm in the nation representing management, has opened an office in Memphis.

Synk Looks to Help Businesses Grow

Mid-South author, business coach and strategy expert Michael Synk is kicking off 2012 with a renewed emphasis on helping business owners and leaders achieve consistent and sustainable growth.

Workshop to Teach Dynamics of Growth

As part of Mid-South business coach and strategy expert Michael Synk’s 2012 agenda for The Business Growth Series, In-Synk is offering a new all-day workshop Thursday, Jan. 26, at the Crescent Club, 6075 Poplar Ave., from 8 a.m. to 4 p.m.

MEM Sees 1.3M Fewer Passengers in 2011

Memphis International Airport saw about 1.3 million fewer passengers in a challenging 2011, but about the same amount of cargo for the calendar year.

Drop in Bankruptcies Belies Economic Picture

Although the total number of bankruptcies filed in Shelby County has slowly declined over the last three years, attorney Joseph Townsend with Fullen & Townsend Attorneys said fewer filings aren’t necessarily a sign that the economy is on the upswing.

Q4 Bankruptcies See Overall Increase

The fourth quarter of 2011 (October to December) showed an overall increase in individuals filing for bankruptcy in West Tennessee, according to The Daily News Online, www.memphisdailynews.com.

MEMPHIS STANDOUT

Reves Enjoys Public Contact As Register’s Office CAO

Editor’s Note: This is a Daily News series featuring 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

Fuente Looks to Build Program the ‘Right Way’

The coaching clock ticks ever faster, often with little or no regard for extenuating circumstances. Used to be, college football coaches could just about count on five years to build a program up, to prove what they could do with a team full of players that they had recruited and taught.

Grizzlies’ PG Mike Conley Finding Groove

He’s not Derrick Rose and he’s not Chris Paul. But you know what? That’s not the right comparison for Grizzlies point guard Mike Conley and it never was.

Bulls' Derrick Rose Still Slowed by Toe Injury

CLEVELAND (AP) – Chicago Bulls star guard Derrick Rose may miss his third straight game with a toe injury.

LOCAL COLUMNISTS

Bend and Lift

BUILDING NEW BOXES. “Listen here, college boy. Bend your knees when you pick that up, or you won’t make a week.”

Who’s Making ‘The Ask’?

How do you ask for money? More specifically, how do you ask people to give to a nonprofit organization or institution you believe in?

STATEWIDE

Tenn Jobless Rate Falls 0.4 Percent in December

NASHVILLE (AP) – Tennessee's unemployment rate fell 0.4 percent in December to 8.7 percent, the lowest in three years.

Dolly Parton Plans Nashville Water/Snow Park

NASHVILLE (AP) – Dolly Parton plans a water-snow park in Nashville, described as the first of its kind in the country.

STATE GOVERNMENT

Tipton Co. Restored to Senate Redistricting Plan

NASHVILLE (AP) – The Senate has voted to restore Tipton County to the upper chamber's redistricting plan.

NATIONAL BUSINESS

Unemployment Claims at 352,000, Fewest Since 2008

WASHINGTON (AP) – The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening.

Fewer Layoffs, Lower Inflation Give Economy a Lift

WASHINGTON (AP) – The economy is off to a fast start in 2012.

Consumer Prices Flat for 2nd Straight Month

WASHINGTON (AP) – Consumer prices were unchanged last month, the latest sign that inflation remains tame. Lower gas prices offset rising costs for food, medical care and housing.

NATIONAL GOVERNMENT

New Watchdog Agency Reviewing Payday Lending

BIRMINGHAM, Ala. (AP) – The Obama administration's new consumer protection agency is holding its first hearing in Alabama on payday lending, an industry that brings in some $7 billion a year in fees nationwide with relatively little federal oversight.

REAL ESTATE

Rate on 30-Year Mortgage Down to Record 3.88 Pct.

WASHINGTON (AP) – The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so.

Poor Year for Home Building Ends on Hopeful Note

WASHINGTON (AP) – Builders ended 2011 with a third straight year of dismal home construction and the worst on record for single-family home building. But improvement at the end of the year lifted hopes for an eventual recovery.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 55 55 20,821
MORTGAGES 44 44 24,405
FORECLOSURE NOTICES 0 0 8,610
BUILDING PERMITS 0 0 42,337
BANKRUPTCIES 51 51 13,953
BUSINESS LICENSES 22 22 6,423
UTILITY CONNECTIONS 0 0 13,511
MARRIAGE LICENSES 23 23 5,092

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