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VOL. 126 | NO. 203 | Tuesday, October 18, 2011

First Horizon’s Profit Improves in Q3

Between July and September, the Memphis-based parent company of First Tennessee Bank, the largest bank based in Tennessee, more than doubled its quarterly profit compared with the same period in 2010, the company announced Monday, Oct. 17.

City Pride

‘Memphis’ kicks off 80-week tour in namesake home

“Memphis,” the Tony Award-winning Broadway musical, took New York by storm where it started a successful run two years ago.

Davidson Hotels Relocating to Atlanta

Officials with Davidson Hotels & Resorts, one of the nation’s largest independent hotel management companies, announced Monday, Oct. 17, the company will relocate its headquarters from Memphis to Atlanta.

Fullilove Wants Madison Bike Lane Talks but ‘Not Trying to Interfere’

Memphis City Council member Janis Fullilove wants to talk more about dedicated bicycle lanes on Madison Avenue at the council’s Tuesday, Oct. 18, afternoon session.

Overton Park Conservancy Delivers Tentative Plan

The private group seeking to establish an Overton Park conservancy similar to the organizations that oversee Shelby Farms Park and the Memphis Zoo has sent a tentative management agreement to Memphis Mayor A C Wharton Jr.

Local Weather
Currently
Memphis, TN
61.0°F
Partly Cloudy
Wind: South at 15.0 mph
Humidity: 35%

EVENTS

Visible Music College will hold a ribbon-cutting ceremony and grand opening celebration Tuesday, Oct. 18, at 11 a.m. at its new Downtown campus, 200 Madison Ave. The celebration will include guest speakers, refreshments, tours of the new building and live music by students. The event is open to the public. For more information, contact Jeni Stephens at 553-1797 or jeni@jlstephens.net.

more events »

Business License Activity Rises 14 Pct. in Q3

The number of businesses licenses filed with the Shelby County Clerk’s office increased by more than 14 percent to 1,592 in the third quarter compared with 1,391 in third quarter 2010, according to The Daily News Online, www.memphisdailynews.com.

Council Holds First Post-Election Meeting

At their first set of meetings since the Oct. 6 city elections, Memphis City Council members take up some of the issues that surfaced in the campaigns while others have been delayed.

Taylor Appointed To Commission - CCHS Claims Family Planning Contract

Former Memphis City Council member Brent Taylor is the newest Shelby County Commissioner.

iPad Becomes Essential Tool for Brokers

Commercial real estate brokers and their clients are warming up to the trend of using the iPad as an everyday tool for conducting business.

Germantown Station Closer to Construction

750 N. Germantown Parkway, Cordova, TN 38018, Loan Amount: $2.6 million -
Cordova-based Gill Enterprises has filed a $2.6 million construction loan for Germantown Station retail center, slated to be built on 1.8 acres at 750 N. Germantown Parkway on the site of the former Memphis Area Home Builders Association headquarters.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Oct. 18, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

LOCAL COLUMNISTS

Mathematics And Management

In last week’s article, I discussed a few examples of the ongoing patterns in nature and how observing these patterns can teach you important lessons about management. Not only is it not nice to try to fool Mother Nature, it is very difficult to do so.

Finding Beauty in the Bold

Something for Everybody Last week extended the market’s winning streak following “turnaround Tuesday.”

MEMPHIS AREA

SentryNet Moving Operations to Memphis

GREENVILLE, Miss. (AP)SentryNet Inc., a business founded in Greenville in 1987, will move its operations to Memphis by December 2012.

STATE LEGISLATURE

DUI Arrest: Tenn. Rep. Todd Resigns Committee Post

FRANKLIN, Tenn. (AP) – The state lawmaker who led Tennessee to loosen laws that kept handguns out of bars gave up his chairmanship of an influential state House committee, fallout from his arrest last week on charges of driving and carrying a gun while drunk.

Todd Apologizes for ‘Mistake’

FRANKLIN, Tenn. (AP) – Gov. Bill Haslam said Monday, Oct. 17, that Tenn. Rep. Curry Todd has apologized for a “bad mistake” in being arrested on drunken driving and gun charges last week.

NATIONAL BUSINESS

Cellphone Cos. to Warn as Plans Approach Limit

NEW YORK (AP) – Cellphone companies pledged Monday to warn subscribers before they go over their monthly limits for calling minutes, text messages and data use.

Factory Output Rises on Truck, Airplane Demand

WASHINGTON (AP) – U.S. factories produced more goods in September for a third straight month, the latest signal that the economy is rebounding from its summer slump.

Citigroup Earnings Rise 74 Percent, to $3.8 Bln

NEW YORK (AP) – Citigroup's strategy of slimming down and focusing on a few core businesses is paying off.

Capital One September Card Late Payments Up Again

NEW YORK (AP)Capital One Financial Corp. credit card customers continued to struggle in September, as the rates for late payments rose for the fourth straight month.

NATIONAL POLITICS

Touring NC, Obama Seeks Jobs Votes, Piece by Piece

FLETCHER, N.C. (AP) – Railing against Republicans, President Barack Obama on Monday pushed for a jobs package that Congress is splintering into pieces, with Senate Democrats planning to start with a plan to help states hire teachers, police and firefighters. In campaign mode on the road, Obama accused Republicans senators of saying no to helping Americans.

HEALTH CARE

White House Waffling on Long-Term Care Plan?

WASHINGTON (AP) – The White House appeared to waffle Monday on the fate of a financially troubled long-term care program in President Barack Obama's health overhaul law, as supporters and foes heaped criticism on the administration.

Express Scripts Turns Down Walgreen Tricare Offer

NEW YORK (AP)Walgreen Co. said Monday it is offering to continue filling prescriptions for military members, retirees, and their families under a new deal with Express Scripts Inc., but the pharmacy benefits manager said the offer was not good enough.

TECHNOLOGY

Making Up: Free Apps for Furious Blackberry Users

TORONTO (AP) – The Blackberry has left a bitter taste in the mouths of its users.

Apple Sells 4M-Plus New iPhone Models in 3 Days

NEW YORK (AP) Apple Inc. on Monday said it sold more than 4 million units of the new iPhone model in three days – meaning it's selling more than twice as fast as the previous model did when it launched last year.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 331 19,904
MORTGAGES 0 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 1 232 13,336
BUSINESS LICENSES 0 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 0 94 4,936

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