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VOL. 130 | NO. 6 | Friday, January 9, 2015

Methodist to Close Fayette Hospital

Methodist Fayette Hospital in Somerville is tentatively slated to close March 27, according to Methodist Healthcare executives who said Thursday, Jan. 8, they made the “difficult decision” because of several years of a declining inpatient volume.

Harris Goes to Nashville

Councilman reflects on tenure en route to Legislature

At his last Memphis City Council session, Lee Harris reflected this week on his three years on the council and the group of politicians he joined.

Macy’s to Close Southland Mall Store

Macy's is closing its 150,000-square-foot store at Southland Mall in early spring, affecting 112 employees.

Service Assurance Founder Giannini Arrested in Florida

Memphis businessman Mark Giannini is in custody in Florida following his indictment this week on aggravated rape and rape charges.

Haslam Calls Special Session on Medicaid

Tennessee Gov. Bill Haslam has set Feb. 2 as the date for a special session of the Tennessee Legislature on his Medicaid expansion proposal.

Local Weather
Currently
Memphis, TN
48.0°F
Overcast
Wind: Southwest at 3.5 mph
Humidity: 89%

EVENTS

2015 Memphis International Auto Show will be held Friday, Jan. 9, through Sunday, Jan. 11, at the Memphis Cook Convention Center, 255 N. Main St. The show will feature hundreds of new models, hot rods and high-end luxury vehicles, as well as test drives and family fun. Visit memphis-autoshow.com for details and discounted tickets.

more events »

Tanger Outlets Confirms Southaven Involvement

Tanger Factory Outlet Centers Inc. has confirmed what The Daily News first reported in December: It will play a key role in the development of a massive outlet mall in Southaven.

Sens. Corker, Alexander to Chair Committees

Tennessee’s two Republican U.S. senators are committee chairmen in the Senate’s new GOP majority.

New Record Label Launches in Memphis

The team behind a new record label that’s launched in Memphis has big ambitions for what it describes as the “musical venture capital” the label wants to share with musicians.

SPORTS

Grizzlies Move to Front in NBA Trade Rumors

One only need look back to Monday, Jan. 5, at FedExForum to understand the business of the NBA. The New York Knicks were warming up for their game against the Grizzlies when word came down that team president Phil Jackson was done waiting for things to get better on their own.

Pastner Rumors Part of 2014-15 Season Narrative

Wading in with some quick takes on everything from Josh Pastner to Jameis Winston to Baseball Hall of Fame voting …

Q&A: Jake Elliott, University of Memphis Placekicker

FAST FACTS: Elliott was the American Athletic Conference’s Special Teams Player of the Year in 2014 as a sophomore; he scored 13 points in the Miami Beach Bowl victory to give him 120 for the year, second in school history to the 138 points scored by running back DeAngelo Williams in 2004; Elliott holds the school record for longest field goal (56 yards) and kicked a 55-yard field goal to tie the score in the bowl game vs. BYU and send the game into a second overtime.

LOCAL COLUMNISTS

Sick Irony

A SPECK OF CEREAL. Insure Tennessee reminds me of Lorne Greene, David Letterman and a can of Alpo.

European Job Hunt

When I visited Dublin, Ireland, in 2013, I was surprised at what I found. It was a European city that in some ways reminded me of home. People were incredibly friendly. The culture was built around music, food and socializing. The city’s core is a similar size to Downtown Memphis, and it’s built around a river.

MEMPHIS AREA

Cold Elvis Presley Fans Celebrate His Birthday in Memphis

MEMPHIS, Tenn. (AP) – Elvis Presley fans have gathered at Graceland in sub-freezing temperatures to celebrate what would have been the late singer's 80th birthday.

STATEWIDE

Andrew Jackson Home Pushes 7th President's Rock Star Image

NASHVILLE, Tenn. (AP)Andrew Jackson: President. Hero. Rockstar.

NATIONAL BUSINESS

JC Penney to Shut 40 Stores and Cut 2,250 Jobs This Year

NEW YORK (AP)J.C. Penney Co. said that it will close about 40 stores this year and cut approximately 2,250 jobs, as it tries to improve its profitability.

US Consumer Debt Up $14.1 Billion in November

WASHINGTON (AP) – U.S. consumers increased their borrowing in November, as stronger demand for auto and student loans offset a drop in credit card debt.

REAL ESTATE

Average US 30-Year Loan Rate Falls to 3.73 Percent

WASHINGTON (AP) – Average U.S. mortgage rates started the year by dipping to new lows, with the benchmark 30-year rate marking its lowest level since May 2013.

TECHNOLOGY

Fashion Designers Spruce Up Smartwatches

LAS VEGAS (AP) – Smartwatches don't have to look ugly to be functional. Clothing and accessories designers are collaborating with engineers to produce computerized wristwatches that people will want to wear all day and night.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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