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VOL. 126 | NO. 196 | Friday, October 7, 2011

Permit: Large Solar Farm Planned at Agricenter

A 1-megawatt solar farm could be installed at Agricenter International, according to a $3.5 million building permit application just filed with the city-county Office of Construction Code Enforcement.

Railroad Central

CN CEO Mongeau touts Memphis at transportation conference

The CEO of Canadian National Railway Co. sees CN’s framework expanding as a supply chain “enabler” and Memphis is a key part of that transformation of what was once a government-operated railroad that has changed radically in the last 15 years.

Boyle Adds 2 Tenants to Ridgeway Center

Boyle Investment Co. has inked a pair of new office leases at 999 S. Shady Grove Road in Ridgeway Center, building on its longevity with two local companies.

Eight Apply for Vacancy on Tenn. Appeals Court

Eight West Tennessee attorneys have applied for the vacancy on the Tennessee Court of Criminal Appeals created by the death of Memphian J.C. McLin.

Baptist Affiliate Acquires Boston Baskin

Baptist Memorial Health Care Corp. is working to develop the Mid-South's first adult multidisciplinary, comprehensive academic cancer center.

Local Weather
Currently
Memphis, TN
47.0°F
Overcast
Wind: Southwest at 3.5 mph
Humidity: 97%

EVENTS

The annual Barrister’s Breakfast benefiting Susan G. Komen for the Cure foundation will be held Friday, Oct. 7, from 7 a.m. to 9 a.m. at Calvary Church, 102 N. Second St. Cost is $10 per person and includes the full breakfast.

more events »

Wharton, Fullilove & Conrad Re-Elected -- Harris-Ford to Runoff

And all 12 of the Memphis City Council members seeking re-election won new four year terms in the city election cycle, marking the largest return of incumbents to the 13-member council in the 43-year history of the mayor-council form of government.

Leadership Group Expands to Memphis

A business leadership program started by former Tractor Supply Co. CEO Joe Scarlett and run for the last several years in Nashville is going so well the program is expanding to Memphis.

CBRE Closes On Two Distressed Apt. Complexes

CB Richard Ellis Memphis has recently closed two distressed multifamily properties in the West Winchester apartment submarket.

Elmwood’s Costume Tour Ends Month of Events

Memphis’ Elmwood Cemetery is gearing up to host a number of events this month, leading up to its popular annual Costume Twilight Tour, which attracts about 1,000 visitors to its historic grounds at 824 S. Dudley St.

Achievement School District Talk Faces Tough Crowd

Teachers at Northside High School heard one thing Wednesday, Oct. 5, from the head of the state’s Achievement School District: Northside could become a charter school.

Steve Jobs and Shades of Yellow

Editor’s Note: “From the Blog” is a new weekly feature that highlights some of the enterprising work our staff posts on The Daily News blog, blog.memphisdailynews.com.

Huang Elected Prez Of Business Economics Assn.

Gene Huang, chief economist and a vice president at FedEx Corp., was recently elected president of the National Association for Business Economics for 2011-2012.

LOCAL COLUMNISTS

Note to Self

WE NEED ADVICE, FROM OURSELVES. About 25 years ago, I closed up my parents’ home at the end of their lives. Wandering through the empty house and the memories, I found myself in my old room, going through my desk drawers one more time. In the back of one, way back there, I found something I’d missed – a magnifying glass with a loose handle. Curious, I pulled the handle off and saw a piece of a paper inside. Unrolling it, I instantly recognized the note and laughed out loud, returning that sound to a place once filled with it, replacing a sense of loss with a sense of perspective.

Your Case For Support

Regular readers of this column know we are advocates of a strong case for support or “case.” As a refresher – the case is the core document that communicates your organization’s vision, history, impact and what it will cost to bring the vision to life. It is an externally focused document that is rooted in your strategic plan and that communicates your fundraising priorities in a clear, concise and compelling way.

MEMPHIS AREA

Fred's Key Revenue Figure Up 1.1 Percent

MEMPHIS (AP) – Discount-store operator Fred's Inc. said Thursday that revenue in stores open at least one year rose 1.1 percent in September, boosted by sales of pet products and household supplies.

Memphis, Nashville Protesters Join National Wall Street Rallies

Spun out of larger rallies in New York and elsewhere, protesters took to the streets in Memphis and Nashville to draw attention to economic inequality and concerns over Wall Street practices.

NATIONAL BUSINESS

More People Sought Unemployment

WASHINGTON (AP) – The number of people who applied for unemployment benefits rose slightly last week, a sign that the job market remains weak.

Retailers Report Solid Gains for September

NEW YORK (AP) – September offered the latest sign that Americans will shop, but only when they think they're getting a deal.

Retail Trade Group Sees Modest Holiday Sales Gain

NEW YORK (AP) – The National Retail Federation, the nation's largest retail trade group, expects winter holiday sales to rise 2.8 percent to $465.6 billion this year.

Borders Customers Can Opt Not to Share Their Info With BN

NEW YORK (AP) – Customers of the now defunct Borders bookstores may want to take action if they don't want their personal information shared with Barnes & Noble.

A Job is Becoming a Dim Memory for Many Unemployed

WASHINGTON (AP) – For more Americans, being out of work has become a semi-permanent condition.

Judge Orders Broad Mediation in WaMu Bankruptcy

WILMINGTON, Del. (AP) – A Delaware bankruptcy judge on Thursday refused to allow bank holding company Washington Mutual Inc. to proceed with its reorganization efforts without first engaging in mediation with various creditor groups.

NATIONAL POLITICS

Obama Defends Solyndra Loan, Says Solar Viable

WASHINGTON (AP) – President Barack Obama said Thursday the U.S. must not surrender development of clean energy to China and other countries, despite the spectacular failure of a solar-panel manufacturer that filed for bankruptcy after taking a half-billion dollar government loan.

Senate Panel Approves Consumer Bureau Nominee

WASHINGTON (AP) – The Democratic-run Senate Banking Committee has approved President Barack Obama's choice to head the new Consumer Financial Protection Bureau, but solid opposition by Republicans signals that the nomination will face problems in the full Senate.

Geithner: European Crisis Could Hurt US Economy

WASHINGTON (AP) – The Obama administration is urging European leaders to deal more forcefully with a debt crisis that could significantly damage the U.S. and global economy.

Obama: Not All Pre-Crisis Financial Ploys Illegal

WASHINGTON (AP) – President Barack Obama says that many of the activities by the U.S. financial sector that precipitated the financial crisis in 2008 were not necessarily illegal and thus not subject to prosecution. He said many financial schemes were likely immoral, inappropriate or reckless – and that dramatized the need for more regulation.

Obama to Talk Jobs Bill With Top Senate Dems

WASHINGTON (AP) – President Barack Obama will meet with top Senate Democrats at the White House Thursday afternoon to discuss his jobs bill.

REAL ESTATE

30-Year Mortgage Below 4 Pct. for First Time Ever

WASHINGTON (AP) – The average rate on the 30-year fixed mortgage this week fell below 4 percent for the first time ever, to 3.94 percent.

HEALTH CARE

Express Scripts Cuts Profit and Prescription Views

ST. LOUIS (AP)Express Scripts Inc. cut its annual profit forecast Thursday, saying fewer people are seeing doctors and filling prescriptions while the economy remains stagnant. The pharmacy benefits manager also said its planned purchase of Medco Health Solutions Inc. and a contract dispute with Walgreen are increasing its costs.

TECHNOLOGY

US Adviser: Twitter, Facebook Alter Washington

GENEVA (AP) – A U.S. State Department official says Twitter and Facebook are having a big impact on how Washington interacts with the world.

Sprint to Sell iPhone 4, 4S With Unlimited Data

NEW YORK (AP) – Sprint says it will sell not just Apple's new iPhone 4S, but also the older iPhone 4. It plans to keep unlimited data plans for both models.

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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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