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VOL. 129 | NO. 197 | Thursday, October 9, 2014

University of Memphis Gets ‘Big Data’ Grant

The University of Memphis is among a dozen universities in the nation sharing in $32 million in federal funding for research into how to analyze and use complex biomedical data, U.S. health officials announced Thursday, Oct. 9.

All Shook Up

FedEx TechConnect lab tests packages

FedEx founder, chairman and chief executive officer Frederick W. Smith penned a memo in 1987 outlining his desire for the Memphis-based shipping giant to develop ways to assist customers in shipping their packages, including making sure packages arrived undamaged.

Paragon Launches Small-Business Group

Memphis-based Paragon Bank is expanding beyond the city, thanks to its launch of a new division focused on small-business lending.

Baptist Cuts Pay for Top-Level Executives

A week ago, Baptist Memorial Health Care Corp. eliminated 112 jobs in a cost-saving move. Now, top-tier executives are incurring wage freezes and pay cuts of 20 percent or more.

CTI’s Millington Flight School Receives FAA Approval

The Federal Aviation Administration has granted approval for CTI Professional Flight Training’s Millington satellite location to offer a structured Part 141 flight training syllabus to its students.

Local Weather
Currently
Memphis, TN
75.0°F
Overcast
Wind: South at 10.4 mph
Humidity: 46%

EVENTS

National Civil Rights Museum will present “Music and the Movement” Thursday, Oct. 9, at 6 p.m. in Hooks-Hyde Hall, 450 Mulberry St. The evening will include a brief museum tour that shows how music influenced episodes of the civil rights movement over time, followed by a panel discussion and live music. Cost is free for members and $10 for nonmembers. Visit civilrightsmuseum.org.

more events »

Some Council Members Feel Dissed By Wharton

It was a phrase guaranteed to put more diss in the dysfunction between the Memphis City Council and Memphis Mayor A C Wharton Jr.

Council Reopens Seismic Standards Debate

Memphis City Council members repealed new seismic provisions for homes in the city-county Unified Development Code Tuesday, Oct. 7, about a year after approving them.

Annual Church Health Center Christmas Cards Return

The idea isn’t new or original. It’s just successful and worth repeating. In 1989, the Church Health Center started a Christmas card program as a fundraiser. Now, the annual CHC Christmas card effort raises about $250,000 annually.

LOCAL COLUMNISTS

Local Tech Startup Growth On Right Path

More than 500 Memphis business leaders, investors, entrepreneurs and innovators gathered at the Orpheum Theatre in late August, but they weren’t there for the latest show from Broadway.

On Faulkner and the Use of Punctuation

Regarding the recent Faulkner column, Tracy writes that she got “a solid feel for the place and the time of year. Thank you for not honoring your subject by writing paragraph-long sentences with intricate layers of subordination.”

MEMPHIS AREA

Another Gun Found in Bag at Memphis Airport

MEMPHIS, Tenn. (AP) – Transportation Security Administration officials say 19 firearms have been found this year at security checkpoints at Memphis International Airport, one more than during all of last year.

NATIONAL BUSINESS

Service Without a Smile: Why Airlines Aren't Nice

NEW YORK (AP) – Passengers cherish Virgin America for its mood lighting, live TV, fancy cocktails and friendly flight attendants. That nice-guy approach to air travel wins awards and attracts a cult following, but may not fly with Wall Street.

EW Scripps Buys Weather App Maker Weathersphere

NEW YORK (AP) The E.W. Scripps Co., the media company that is spinning off its newspaper business, said Wednesday that it bought weather app maker WeatherSphere. The companies did not give financial details of the deal.

NATIONAL GOVERNMENT

Fed Officials Link Rate Increase to Economic Data

WASHINGTON (AP) – Federal Reserve officials agreed last month that they would begin raising interest rates only when measures of the economy's health and inflation signaled the time was right.

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PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
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BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 41 215 12,248
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