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VOL. 127 | NO. 18 | Friday, January 27, 2012

Woodward Joins Crowded Primary

A public meeting is about to begin, and within one minute of attendees’ arrival, they are handed campaign literature for rival candidates running in the same local primary.

Artistic Support

Auction to raise money in support of domestic violence victims

Jerry “The King” Lawler, Shelby County Mayor Mark Luttrell, District Attorney General Amy Weirich and Sean and Leigh Anne Tuohy are just a few of the local celebrities who’ve channeled their inner Renoirs to raise money in support of local victims of domestic violence.

Drexel Buys Presidents Is. Warehouse

A longtime Memphis-based agricultural chemical provider has snatched up a warehouse on Presidents Island, where it already has a strong presence.

Pinnacle Wins Reprieve on Q400 Loan Payments

Pinnacle Airlines Corp. announced Thursday, Jan. 26, it has reached an agreement with Export Development Canada to defer $16.6 million in loan payments that were due from the Memphis-based regional air carrier to EDC starting Jan. 14 through the end of March until April 2.

Audit: MPD Organized Crime Unit Didn’t Follow Spending Guidelines

An audit of the Memphis Police Department’s Organized Crime Unit says the unit, which includes undercover drug investigations and other covert operations, “needs significant improvement” in obeying guidelines for the use of money in the OCU drug fund.

Local Weather
Currently
Memphis, TN
58.0°F
Fair
Wind: Southeast at 3.5 mph
Humidity: 78%

EVENTS

LaunchMemphis will present Business BOOSTcamp Saturday, Jan. 28, from 8:30 a.m. to 4 p.m. at EmergeMemphis, 516 Tennessee St. Entrepreneurs who are starting a company are encouraged to attend. Industry experts will lead presentations on entrepreneurial problem-solving processes and will offer advice in one-on-one sessions in the afternoon. For more information or to register, visit www.launchmemphis.com.

more events »

Vornbrock Receives Ad Fed’s Silver Medal

Bob Vornbrock thought he was attending the Thursday, Jan. 26, American Advertising Federation Memphis meeting to hear a presentation from Fred’s Discount Stores about the marketing approach of brick-and-mortar retail.

Delta, Southwest News Could Bring Change to MEM

Once again, there was a message about Memphis International Airport’s importance to Delta Air Lines in comments Delta’s leaders made this week when the company released year-end and fourth-quarter 2011 earnings figures for its global system.

ENI Sells its Training Div.

The Edmundson Northstar Institute founded by Memphis businessman Ken Edmundson in 1999 is turning a page.

Morgan Keegan Execs Head to Raymond James HQ

Early next week, more than 75 top advisers and executives from Morgan Keegan & Co. Inc. will head to the Florida headquarters of their company’s soon-to-be-official new owner, Raymond James Financial Inc.

Ham Moves to New Challenge at BRIDGES

Cynthia Ham’s bio on archer-malmo’s website describes her as operating by a mantra – all deserve to be heard.

MEMPHIS STANDOUT

Potter Reflects on 30-Year Tenure as Environmental Court Judge

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

Sum Greater Than Parts for This Grizzlies Squad

Team identities are never static. When Rudy Gay was injured last season, the Memphis Grizzlies formed a new identity, one even more devoted to the interior game and feeding the ball to power forward Zach Randolph and center Marc Gasol.

Tigers Grow Close in Face of Adversity

Here’s how a family works, at least a highly competitive family: You can say and do things to one another that you would never try on someone else.

Clippers Hold Off Grizzlies for Bounce-Back Win

LOS ANGELES (AP) – Just 16 games into their new partnership, Blake Griffin and Chris Paul are already capable of grinding out victories for the Los Angeles Clippers on nights when nothing seems to work properly.

LOCAL COLUMNISTS

Fight Fair and We All Win

OKAY, PEOPLE, BREAK IT UP. Are you ready to rumble?

Think Before You Say ‘I Do’

You’ve been asked to serve on the board of a nonprofit you believe in. It could be a college, a local advocacy organization or a healthcare center. Do you say “yes”? What would you actually be saying “yes” to? What do you need to know to make an informed decision?

STATE GOVERNMENT

Tenn. Lawmakers Receive Training on Ethics Laws

NASHVILLE (AP) – Tennessee lawmakers were being reminded Thursday of what they can and can't do under the state's ethics laws.

NATIONAL BUSINESS

Economy Gains as Businesses Spend More, Fire Less

WASHINGTON (AP) – Businesses are growing more confident in the economy, investing in more equipment and laying off fewer workers.

Economic Gauge Rises 0.4 Percent in December

WASHINGTON (AP) – A gauge of future economic activity rose in December, providing evidence the economy was gaining strength as the year ended.

More Seek Unemployment Aid, But Trend is Positive

WASHINGTON (AP) – The number of people seeking unemployment benefits rose last week to a seasonally adjusted 377,000, up from a nearly four-year low the previous week. But the longer-term trend is pointing to a healthier job market.

Steelmaker Nucor Swings to Profit, Revenue Jumps

CHARLOTTE, N.C. (AP) – Steel manufacturer Nucor Corp. on Thursday said it returned to a fourth-quarter profit, helped by a jump in revenue.

NATIONAL GOVERNMENT

User-Friendly Health Plan Summaries at Risk

WASHINGTON (AP) – One of the most popular provisions of President Barack Obama's health care overhaul – consumer-friendly summaries of what your insurance plan covers – suddenly seems to be at risk.

REAL ESTATE

New-Home Purchases Fall, 2011 Worst Ever for Sales

WASHINGTON (AP) – Fewer Americans bought new homes in December. The decline made 2011 the worst year for new-home sales on records dating back nearly half a century.

Rate on 30-Year Fixed Mortgage Rises to 3.98 Pct.

WASHINGTON (AP) – The average rate on the 30-year fixed mortgage rose this week for the first time this month, though it remained below 4 percent for the eighth straight week.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 296 17,839
MORTGAGES 83 360 20,786
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 161 671 36,487
BANKRUPTCIES 46 192 11,874
BUSINESS LICENSES 16 96 5,656
UTILITY CONNECTIONS 28 175 12,208
MARRIAGE LICENSES 32 92 4,449

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