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VOL. 126 | NO. 194 | Wednesday, October 5, 2011

First Tennessee Joins Debit Card Fee Trend

When officials with the parent company of First Tennessee Bank walked through the company’s second quarter earnings in July for analysts, they noted that the implementation of stricter rules governing debit card fees would mean an annual $15 million to $20 million hit to the company’s revenue.

Three-in-One

Highwoods’ capital improvements cohere Triad Centre buildings

Highwoods Properties Inc. is about two weeks away from completing more than $1 million in parking lot renovations and building improvements at the East Memphis office complex Triad Centre, bringing its three developments into a cohesive, campus-style environment.

Field Day Offers Glimpse At Biorefinery

Field days in agriculture are usually a chance for farm and crop experts as well as agriculture novices to get into the fields and see crops being grown and harvested and talk about techniques and experimental crops.

Carpenter Reflects on Five-Year Run

As Memphis voters prepare to bring to an end another city campaign season, Shelby County Commissioner Mike Carpenter just ended a five-year run on the Shelby County Commission.

New School Board Preps For ‘Gargantuan Task’

Martavius Jones didn’t stumble over his introduction at all Monday, Oct. 5, as seven new members of the new countywide school board took the oath of office.

Local Weather
Currently
Memphis, TN
56.0°F
Fair
Wind: from the Southwest at 18.4 gusting to 27.6 mph
Humidity: 33%

EVENTS

Talk Shoppe will present the seminar “How to Effectively Downsize, Smaller is Better” Wednesday, Oct. 5, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

Unions Continue Budget Battle in Thursday’s Election

No ballot questions are to be decided in the Thursday, Oct. 6, Memphis elections. But at least one of the City Council races will be viewed as a referendum on the clout of the city’s municipal labor unions.

Baptist Rehab Study Works to Prevent Diabetes Development

Diabetes is a growing public health concern, especially in Shelby County, where the diabetes rate is 11.5 percent, according to Charlotte Cavin, manager of the Diabetes Education Center at Baptist Rehabilitation-Germantown.

PR Alliance Offers Statewide Reach

A new statewide alliance has been formed by communications experts from Memphis to Knoxville to provide blanket geographic coverage for products and issues in Tennessee.

Jackson Joins Devcon Security as GM

Eric Jackson has joined Devcon Security as general manager of the company’s Memphis branch. Jackson’s primary focus will be hiring and training sales people and technicians, as well as building daily branch operations and acting as the brand ambassador to building partnerships in the community.

LOCAL COLUMNISTS

Inspire Loyalty in Customers, Protect Brand

No marketing strategy can save a brand that fails to deliver on its brand promises. Absent customer service fundamentals, even the best-laid marketing plan will simply drive in one-time customers who wind up feeling duped in the end, likely sharing their unfortunate experiences. In the age of social media, it certainly doesn’t take much time to share those experiences with thousands of people – mere seconds in fact.

Effective Change Management is Proactive

Change is the only constant. It’s always been with us, always will be, and for some, it’s never easy. Science, technology, transportation and communications are advancing so rapidly that all of life seems to be in constant transition. At times, you may have to make major changes to your business in order to survive and prosper. Many people naturally don’t like change because it creates uncertainty. So, how do we break down that fear and welcome necessary change?

MEMPHIS AREA

American Queen to Compete in Great Steamboat Race

LOUISVILLE, Ky. (AP) – The American Queen steamboat, whose home port is Beale Street Landing, will take part in the 50th anniversary of the Kentucky Derby Festival's Great Steamboat Race next year, along with the Belle of Louisville and the Belle of Cincinnati.

STATEWIDE

State to Purge Noncitizen Voters From its Rolls

NASHVILLE (AP) – A new law designed to curb illegal voting by noncitizen residents has gone largely unnoticed, overshadowed by Tennessee's new voter identification law.

Haslam Cites Fiscal Strength in Tenn. Debt Ratings

NASHVILLE (AP) – Rating agencies have decided not to downgrade Tennessee's debt after the state submitted a game plan for how each agency would respond to deep federal spending cuts.

Driver Service Centers Expected to Get Busier

NASHVILLE (AP) – State officials expect the already busy driver service centers to get even more crowded over the coming months.

NATIONAL BUSINESS

Businesses Ordered More Long-Lasting Goods

WASHINGTON (AP) – Businesses ordered more computers, communications equipment and other big-ticket items in August, a hopeful sign for the slumping economy.

Bernanke Says Economic Recovery Close to Faltering

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke says the economic recovery "is close to faltering" and the central bank is prepared to take further steps to support it.

Anheuser-Busch Investing $1B in US

ST. LOUIS (AP) – Anheuser-Busch plans to invest $1 billion in its U.S. breweries and other facilities by 2014.

Ford to Add 5,750 US Jobs as Part of New Contract

DEARBORN, Mich. (AP)Ford Motor Co. said Tuesday it will add 5,750 jobs and invest $4.8 billion in its U.S. factories as part of a new contract deal with the United Auto Workers union.

Fidelity Expands 529 College Savings Options

BOSTON (AP) – Fidelity Investments is opening up some of its college savings plans by including other companies' mutual funds on its menu of investment options, rather than restricting investors to Fidelity's own funds.

Kohl's Will Hire 40,000 for Holidays

MENOMONEE FALLS, Wis. (AP) – Kohl's Corp. will hire 40,000 seasonal workers for the holidays, up 5 percent from last year.

Penney Ups the Ante on Impulse Gifting

J.C. Penney is upping the ante on impulse holiday gifting, with plans to carve out areas on the main floor dedicated to gifts from the whimsical to the practical.

Scripps to Pay $212M for 9 McGraw-Hill TV Stations

CINCINNATI (AP) – Television station and newspaper owner The E.W. Scripps Co. said Monday that it will pay $212 million in cash for nine TV stations owned by The McGraw-Hill Cos.

NATIONAL POLITICS

4 Airports Try Limited Low-Hassle Security Checks

ATLANTA (AP) – A small group of frequent fliers began using lower-hassle security lines Tuesday in exchange for sharing more personal information with the government in a trial program at four U.S. airports.

Obama Knocks GOP Leader, Says GOP Blocks Jobs Vote

DALLAS (AP) – President Barack Obama is criticizing House Majority Leader Eric Cantor for saying the president's $447 billion jobs bill will not get a vote in its entirety in the Republican-led House.

REAL ESTATE

Gov't Report: Fannie Knew of 'Robo-Signing' in '03

WASHINGTON (AP) – Mortgage giant Fannie Mae knew about allegations of improper foreclosure practices by law firms in 2003 but did not act to stop them, a government watchdog says.

HEALTH CARE

New Health Plans Expose Workers More to Care Costs

INDIANAPOLIS (AP) – Many workers will have a new form of health insurance coverage to consider when they sign up for next year's benefits plans this fall, and in some cases, it may be an offer they can't refuse.

TECHNOLOGY

Bank of America Website Still Having Problems

Bank of America's home page displayed an error message and its consumer online banking service was slow for a fifth day Tuesday.

Social Media, Mobile Tech on the Rise for Weddings

NEW YORK (AP) – As her grandfather sat pleasantly perplexed at her wedding, Lauren Barnes reached into the recesses of her strapless white gown, whipped out her iPhone and accepted her groom's Facebook relationship change to "married."

Disney to Re-Release 4 More Classics in 3-D

LOS ANGELES (AP) – Fresh off the successful re-release of "The Lion King" in 3-D, Disney says it will churn out four more classics in three dimensions starting with "Beauty and the Beast" in January.

Apple Unveils Faster, More Powerful iPhone

CUPERTINO, Calif. (AP)Apple Inc. unveiled a new iPhone on Tuesday that is faster and more powerful but stops short of a more radical upgrade. It said Sprint customers will now be able to use one.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 46 229 20,995
MORTGAGES 74 248 24,609
FORECLOSURE NOTICES 0 27 8,637
BUILDING PERMITS 282 641 42,978
BANKRUPTCIES 61 177 14,079
BUSINESS LICENSES 12 58 6,459
UTILITY CONNECTIONS 29 114 13,625
MARRIAGE LICENSES 20 67 5,136

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