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VOL. 126 | NO. 201 | Friday, October 14, 2011

Memphis Cos. Seek Emerging Markets

Executives at the Memphis headquarters of International Paper Co. like to recount the corporate giant’s experience in Russia in the 1990s.

Striking a Chord

Gibson Guitar raids at center of recent political gatherings

When Texas Gov. and current Republican presidential candidate Rick Perry came to Memphis two weeks ago for a fundraiser at Memphis Botanic Garden, he didn’t immediately head to the microphone after Tennessee Lt. Gov. Ron Ramsey introduced him.

Cain Makes Presidential Campaign Stop in Bartlett

One way it’s easy to tell Republican presidential candidate and former Godfather’s Pizza President Herman Cain is now firmly in top-tier status: A satellite truck and about six TV news cameras were covering his campaign stop in Bartlett mid-day Friday.

Crye-Leike Inks Car Dealership, Industrial Deals

Bill Caller with Crye-Leike Commercial has brokered a pair of sales in recent weeks that enable the new users to occupy second-generation space.

Loeb Unveils Ambitious Plan For Renewed Overton Square

Loeb Properties Inc. hopes to capitalize on Midtown’s recent successes with a $31 million revitalization plan for Overton Square.

Local Weather
Currently
Memphis, TN
59.0°F
A Few Clouds
Wind: East at 8.1 mph
Humidity: 54%

EVENTS

Leadership Memphis and Michael Synk will present the Leadership Memphis Book Club by In-Synk, a monthly, one-hour book club focusing on business, leadership and management titles, beginning Friday, Oct. 14, from 8 a.m. to 9 a.m. at South of Beale, 361 S. Main St. Cost is $20 for Leadership Memphis alumni and current class members and $25 for the general public. For more information or to register, visit lmdriving.eventbrite.com.

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Q3 Bankruptcies See Slight Increase

The total number of bankruptcies filed in Shelby County rose slightly in the third quarter of 2011 (July 1 through Sept. 30), seeing a slight 1 percent increase compared to the same quarter last year.

Grant Brings ‘Pop Up’ Art to Underserved Areas

Sometimes art pops up in the most unlikely of places. Thanks to a grant from the National Endowment for the Arts, three underserved neighborhoods will have the city’s best performances delivered to their doorsteps.

Haslam to Campaign for Weirich

With the March Shelby County primaries on the way, Tennessee Gov. Bill Haslam will be lending his support to a fundraiser for Shelby County District Attorney General Amy Weirich.

Hodges’ Attorneys Urge Public to Withhold Judgment

Attorneys for Millington Mayor Richard Hodges said Thursday, Oct. 13, the public should withhold its judgment until both sides of the corruption case against him are heard in court.

Robert Vance Takes Financial Matters to Court

Robert Vance, a certified public accountant by training, got his start in public practice doing tax returns and financial statements – standard small-business accounting – until the mid-1990s, when he delved into the world of forensic accounting.

LOCAL COLUMNISTS

A Tasteful List

A LIST YOU CAN SINK YOUR TEETH INTO. Seems like everybody has a list these days, so, in recognition of the 125th anniversary of The Daily News, here’s mine – 125 things that make Memphis easy to swallow – a sort of alphabetical soup to nuts of local flavor. Friends old and new, and a few long-gone, but I can taste them still.

Financial Health for Nonprofits

Part one of a four-part series Financial health is more than spreadsheets, bank statements, headaches and heartaches. Wanting to provide our readers with new insights into financial health and management, we asked Carol Cantwell, founder of Fun with Financials, what she looks for as indicators of organizational health when reviewing an organization’s financials. Here is what she shared with us:

STATEWIDE

Todd Resigns as Chairman of House Firearms Panel

NASHVILLE (AP) – Rep. Curry Todd has resigned as chairman of a Republican firearms task force in the state House following his arrest on drunken driving and gun charges.

169,000 Tennesseans Face Tax Deadline Monday

NASHVILLE (AP) – The Internal Revenue Service reminds an estimated 169,000 Tennesseans that their six-month extension for filing their 2010 federal tax returns ends Monday.

House Firearms Panel Postponed After Todd Arrest

NASHVILLE (AP) – House Majority Leader Gerald McCormick said Thursday that he will postpone and possibly disband a special firearms task force following the arrest of its chairman, Rep. Curry Todd, on drunken driving and gun charges.

Tenn. Bond Sale Set New Record at $546 Million

NASHVILLE (AP) – The state of Tennessee sold $546 million worth of bonds this week, making it the largest sale in the state's history.

NATIONAL BUSINESS

Google Q3 Earnings Rise 26 Pct, Top Analyst Views

SAN FRANCISCO (AP) – Google's third-quarter earnings show that the mounting worries about another global recession haven't shaken the Internet's search and advertising leader so far.

Applications for Unemployment Aid Barely Changed

WASHINGTON (AP) – The number of people applying for unemployment benefits fell slightly last week, a sign the job market isn't getting much better.

US Farmers Celebrate Approval of Free Trade Deals

DES MOINES, Iowa (AP) – U.S. farmers on Thursday celebrated the approval of free trade agreements with South Korea, Colombia and Panama, saying the pacts will increase demand for their products, though American consumers shouldn't see a drastic increase in overall food prices.

JPMorgan's Income Drop Casts a Pall Over Banks

NEW YORK (AP) – If JPMorgan Chase can't do well, investors worry that other banks may do even worse.

Solar Company Solyndra Says its CEO Resigned

DOVER, Del. (AP) – The CEO of a California solar energy company that sought bankruptcy protection after receiving a $528 million loan guarantee from the Obama administration has resigned.

Former CVS CEO Will Work With Private Equity Firm

NEW YORK (AP) – Private equity firm Advent International said Thursday that former CVS Caremark Corp. Chairman and CEO Thomas Ryan will advise it on retail and health care investment opportunities.

Target to Stock Only Sustainable Seafood by 2015

MINNEAPOLIS (AP) Target Corp. plans to sell only sustainable and traceable seafood in its stores by 2015.

NATIONAL POLITICS

Senate Republicans Offer Their Own Jobs Bill

WASHINGTON (AP) – Senate Republicans introduced legislation Thursday aimed at creating jobs by overhauling the nation's tax laws, cutting business rules and boosting offshore oil exploration.

Lawmakers Seek Probe on Banks' New Debit Card Fees

WASHINGTON (AP) – Democratic lawmakers are asking the Justice Department to investigate whether Bank of America and other major banks improperly worked together to charge customers new monthly fees for using their debit cards.

Trade Gap Slips to $45.6 Billion in August

WASHINGTON (AP) – The U.S. trade deficit narrowed slightly in August because imports fell a little more than exports. The trade gap with China hit a record high for a single month.

REAL ESTATE

Rate on 30-Year Fixed Mortgage Rises to 4.12 Pct.

WASHINGTON (AP) – The average rate on the 30-year fixed mortgage rose sharply this week after falling below 4 percent for the first time in history.

HEALTH CARE

Vanguard Names Former Tennessee Governor to Board

NASHVILLE (AP) – Hospital operator Vanguard Health Systems Inc. said Thursday former Tennessee Gov. Philip N. Bredesen has joined its board of directors.

TECHNOLOGY

Sears to Use iPads in Stores to Help Customers

NEW YORK (AP)Sears Holdings Corp. is putting Apple iPads and iPod Touch devices in the hands of sales associates at almost 450 Sears and Kmart stores that will let the workers search inventory and help customers order products online and watch product.

BlackBerry Maker Says Service Fully Restored

NEW YORK (AP) – BlackBerry services buzzed back to life across the world Thursday, after a three-day outage that interrupted email messages and Internet services for millions of customers.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 122 17,665
MORTGAGES 82 150 20,576
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 151 334 36,150
BANKRUPTCIES 54 92 11,774
BUSINESS LICENSES 31 59 5,619
UTILITY CONNECTIONS 28 120 12,154
MARRIAGE LICENSES 24 49 4,406

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