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VOL. 126 | NO. 3 | Wednesday, January 5, 2011

Dunavant Acquires Houston-Based Intermodal Firm

Memphis-based Dunavant Enterprises Inc., which recently shifted its focus from cotton to logistics, has acquired Trans Gulf Transportation Inc., a Houston-based transportation company that specializes in intermodal drayage and trucking operations.

Remodel Focus

Builders alter biz plans to include renovations

As new home starts have sunk to record lows across the Mid-South during the past few years, some local custom homebuilders have shifted focus toward remodeling and renovations projects to increase revenues.

Mayors Prepare for School Scenarios

Memphis Mayor A C Wharton Jr. and Shelby County Mayor Mark Luttrell are working with two assumptions – that there will be a Memphis referendum on surrendering the Memphis City Schools system charter and that it will pass.

Norfolk Yard Finally Set to Commence

Norfolk Southern Corp. has a busy year ahead as it finally begins preparations for a $112 million project that will create jobs, increase rail capacity and reduce highway traffic congestion in the Memphis area.

Mayors Propose Schools Transition Plan Legislation

Memphis Mayor A C Wharton Jr. and Shelby County Mayor Mark Luttrell are proposing an 11-member planning team to plot out a transition to school consolidation if voters approve a Memphis City Schools system charter surrender in February.

Local Weather
Currently
Memphis, TN
87.0°F
Mostly Cloudy
Wind: Southwest at 10.4 mph
Humidity: 63%

EVENTS

The Bartlett Area Chamber of Commerce will hold a Staying Ahead of the Curve training seminar Wednesday at 7:30 a.m. at the chamber office, 2969 Elmore Park Road. Reservations are required. To register, call 372-9457. For more information, visit www.bartlettchamber.org.

more events »

Comprehensive Pharmacy Services Poised for Growth

Thanks to a singular focus on comprehensive pharmacy management, Memphis-based Comprehensive Pharmacy Services is poised to continue growing.

Cybercrime Keeps Businesses Attuned to IT Security

With recent personal information heists receiving national attention, many local business owners are on high alert when it comes to cybercrime.

Nevels Takes Reins of BMHC Foundation

Jenny Nevels has been promoted to executive director of the Baptist Memorial Health Care Foundation.

New York Snow: PR Pros or Schmoes

Editor’s Note: This is the first in a two-part series.

Five Words to Live By

Five words make any employer or client breathe a sigh of relief: “I’ll take care of it.”

STATEWIDE

Bond-McKissack Named Director of CLE Commission

NASHVILLE, Tenn. (AP) — Judy Bond-McKissack will head the agency responsible for overseeing the continuing legal education of the state's more than 20,000 attorneys.

Haslam Names Franklin Mayor as TDOT Commissioner

NASHVILLE, Tenn. (AP) — Republican Gov.-elect Bill Haslam has named Franklin Mayor John Schroer as his transportation commissioner.

REGIONAL

Miss. OKs Incentives for Maker of Solar Panels

JACKSON, Miss. (AP) — Mississippi legislators opened their 2011 session Tuesday by passing a $75 million bond bill to provide a loan for a company that wants to manufacture solar panels in Hattiesburg.

NATIONAL BUSINESS

Surge in Bankruptcies Shows Signs of Slowing

RALEIGH, N.C. (AP) – The growth in bankruptcies around the country slowed significantly in 2010 from its breakneck pace in recent years, with about a dozen states recording a decline in filings from consumers and businesses, according to an Associated Press tally Tuesday.

Unemployment Rises in Two-Thirds of Metro Areas

WASHINGTON (AP) — Unemployment rates rose in more than two-thirds of the nation's largest metro areas in November, a sharp reversal from the previous month and the most since June.

Fed Minutes: Economy Needs Bond-Buying Program

WASHINGTON (AP) — Federal Reserve officials stuck with the pace of their $600 billion Treasury bond-buying program last month because the economy wasn't improving fast enough to make a noticeable dent in unemployment.

Prosecutors: 2-Year Stanford Trial Delay Too Long

Federal prosecutors say they won't object to a delay of this month's scheduled trial of former high-flying Texas billionaire investor R. Allen Stanford but argue the two-year postponement sought by Stanford's lawyers is far too long.

US Auto Sales Rise in 2010, But Remain Below Highs

DETROIT (AP) — U.S. auto sales sputtered back to life in 2010 and car companies expect them to keep climbing this year as the economy recovers and buyers grow more confident.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 363 9,932
MORTGAGES 91 378 11,692
FORECLOSURE NOTICES 0 39 1,673
BUILDING PERMITS 213 788 21,098
BANKRUPTCIES 50 213 6,650
BUSINESS LICENSES 40 125 3,564
UTILITY CONNECTIONS 30 139 4,122
MARRIAGE LICENSES 12 91 2,270

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