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VOL. 133 | NO. 18 | Wednesday, January 24, 2018

Toys R Us Closing Memphis Store

New Jersey-based Toys R Us will be closing 180 stores nationwide including its 7676 Polo Ground Blvd. location in Memphis as part of its Chapter 11 bankruptcy restructuring, according to court documents filed Tuesday, Jan. 23.

First Tennessee Parent Company Raises Dividend 33 Percent

First Tennessee Bank’s parent company is getting the new year started in part by increasing its common stock dividend by 33 percent.

Catholic Diocese Ending Jubilee Schools After 2018-2019 School Year

The Catholic Diocese of Memphis is ending its operation of a set of nine Jubilee schools and St. Michael School at the end of the 2018-2019 school year and appears to be working with a charter organization forming a network of charter schools.

Tigers’ Parks and Brewton Works in Progress

At Eastern Florida State, guard Kareem Brewton Jr. had a lot of freedom last season. He used it to average 19.9 points per game and hand out 159 assists on his way to being named a First-Team All-American by the National Junior College Athletic Association.

Council Reopens MLGW Rate Hike Consideration, Approves Term Limit Referendum

Memphis City Council members decided Tuesday, Jan. 23, to take a second look at the gas and electric rate hike proposals they rejected two weeks ago. But they put off any new votes on the matter until the first council meeting in February after what is expected to be a lengthy discussion in committee earlier that same day at City Hall.

Pushing The Plan

Church Health wants to grow ranks of covered Memphians

Before she signed on as Church Health’s medical director in 2015, Dr. Susan Nelson was a volunteer provider for the organization, helping bring health care to uninsured workers and businesses from musicians and landscapers to child care workers.

Social Media Valuable Tool For FESJC, Sports Teams

Earlier this week FedEx St. Jude Classic tournament director Darrell Smith put an offer out on Twitter to a noted entertainer with local ties: “Hey @jtimberlake, I know you have a couple shows in PA after Memphis, but feel free to come on back the next Wednesday, June 6, for our pro-am. Got a spot if you want it. #HushYall.”

Last Word: Megasite Changes, Jubilee Schools to End and The Day at City Hall

Back to the drawing board for the megasite in Haywood County. State officials have decided the wastewater flow they had planned from the site along Interstate 40 won’t empty into the Mississippi River near Randolph in Tipton County after all. It’s the latest attempt by the state to make the decade-old site set aside for industrial or manufacturing development shovel ready.

Shelby County Joins Memphis in Landfill Moratorium

Shelby County commissioners approved a six-month moratorium on any new construction landfills in unincorporated Shelby County on Monday, Jan. 22.

Cohen Skeptical End of Shutdown Will Resolve DACA Standoff

A deal in Washington to end a federal government shutdown Monday, Jan. 22, after three days extends federal funding of government operations through Feb. 8.

State Dropping Plans to Dump Megasite Wastewater Near Randolph

After vocal opposition from residents in and around the community of Randolph, Tennessee, state officials have announced they are withdrawing their current plans for the Memphis Regional Megasite’s 35-mile long wastewater pipeline.

Morgan Stanley Statement May Settle Differences With Ford

Wall Street giant Morgan Stanley settled its differences with former U.S. Rep. Harold Ford Jr. Monday, Jan. 22, with a statement saying the financial services company did not fire Ford over an allegation of sexual misconduct, according to The New York Times.

TENNESSEE LEGISLATURE

Anti-Abortion ‘Heartbeat Bill’ Revived Despite Like-Minded Opposition

An East Tennessee lawmaker is trying breathe life into his “heartbeat bill” this session of the General Assembly despite an odd mix of opposition from pro-life forces and Democrats.

MEMPHIS NEWSMAKERS

Humane Society Names Davis 2018 Board President

Ted Davis has been named 2018 president of the board of directors for the Humane Society of Memphis and Shelby County. Davis, who is a wealth adviser for Regions Bank, joined the humane society board in December 2015. His first priority was a campaign inspiring adopters to become donors, which led him to being the Paw Prints Gala committee chair in 2017.

LOCAL COLUMNISTS

The Myth Of The Perfect Resume

I love resumes. They’re a very important part of your job search. They allow you to brand yourself. You can feature your past work experience. A resume allows you to highlight accomplishments, such as awards and education. It allows you to share who are you and who you want to be in a future career.

Top 10 2018 Marketing Trends, Part 2

Editor’s Note: This is the second in a two-part series. As a small or mid-sized company CEO, time is likely not a luxury with which you’re familiar. Staying abreast of evolving marketing technology can seem impossible in light of all of your competing priorities. That’s why this year’s top 10 marketing trends for the new year are tailor-made for companies of your size – strategies which can be practically applied in 2018 on a small to mid-sized company budget.

STATE GOVERNMENT

Tennessee Governor Touts $30M Plan to Fight Opioid Epidemic

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam touted a $30 million plan Monday that focuses on prevention, treatment and law enforcement to attack an opioid epidemic that kills at least three people a day in Tennessee.

US NEWS

2 Dead, 17 Injured in Kentucky School Shooting; Suspect Held

BENTON, Ky. (AP) – A 15-year-old student opened fire with a handgun inside his rural Kentucky high school Tuesday, killing two classmates, injuring 17 others and sending hundreds fleeing for safety.

NATIONAL BUSINESS

JPMorgan Raising Wages, Hiring, Opening More Branches

NEW YORK (AP) – JPMorgan announced Tuesday that it will boost wages, open new branches and hire thousands of new workers, citing improved economic performance and sweeping changes to the U.S. tax code.

Disney Offering Staff $1,000 Bonuses, New Education Funding

NEW YORK (AP) The Walt Disney Co. will give more than 125,000 eligible employees a one-time $1,000 cash bonus and invest $50 million in an education funding program.

Johnson & Johnson Loses $10.7B After Sweeping US Tax Changes

Johnson & Johnson posted a rare quarterly loss, a whopping $10.71 billion, due to a $13.6 billion charge related to last month's U.S. tax overhaul.

As US Birthrates Drop, Kimberly-Clark Feels the Pinch

DALLAS (AP) – Americans are having fewer babies, and diaper makers are feeling the pinch.

Tesla Proposes Big Payout If Musk Meets Lofty Goals

Elon Musk is known for his bold predictions on electric and self-driving cars. Now his pay could depend on whether those predictions come true.

Apple Poised to Expand Into Speaker Market With HomePod

SAN FRANCISCO (AP) – Apple is finally ready to launch its attempt to compete with the internet-connected speakers made by Amazon and Google with the release of its long-awaited HomePod.

NATIONAL GOVERNMENT

Trump Hits Solar Panels, Washing Machines With Tariffs

WASHINGTON (AP) – President Donald Trump is signing a measure Tuesday imposing tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers.

Trump's Move May Nudge Holdout GOP States to Expand Medicaid

WASHINGTON (AP) – In an ironic twist, the Trump administration's embrace of work requirements for low-income people on Medicaid is prompting lawmakers in some conservative states to resurrect plans to expand health care for the poor.

LEGAL AFFAIRS

Court Tosses Out $210M Deal Over Hyundai, Kia Gas Mileage

SAN FRANCISCO (AP) – A federal appeals court has tossed out a roughly $210 million deal to compensate owners and leaseholders of dozens of Hyundai and Kia models with overstated gas mileage figures.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 59 232 11,757
MORTGAGES 80 254 13,681
FORECLOSURE NOTICES 0 19 1,877
BUILDING PERMITS 93 480 24,644
BANKRUPTCIES 61 179 7,652
BUSINESS LICENSES 41 100 4,007
UTILITY CONNECTIONS 34 118 4,799
MARRIAGE LICENSES 10 48 2,592

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