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VOL. 126 | NO. 223 | Tuesday, November 15, 2011

Linkous Builds Retail in Olive Branch

Despite a dearth of overall construction throughout town, one local construction firm is erecting retail in Olive Branch at an impressive clip.

Industry Growth

Work under way on several banking projects

The local banking and finance industries have proven to be a temporary boon of late to a group of people hit hard by contractions in banking and housing: architects and construction workers.

New Chair On Agenda For Council

Memphis City Council members prepare Tuesday, Nov. 15, for the start of a new four-year term of office in January with the election of a new chairman for the coming year.

Catholic Charities Promotes Sophia’s House

Incidents of domestic violence historically have increased around the holiday season – thought to be the result of family and monetary pressures and increased alcohol consumption that can serve as catalysts in already volatile domestic situations.

ORBIS Flying Eye Hospital Makes Memphis Stop

After a week in Memphis, the second generation of the ORBIS Flying Eye Hospital and its crew of 22 goes back to work for one more year of flights around the world.

Local Weather
Currently
Memphis, TN
47.0°F
A Few Clouds
Wind: Variable at 3.5 mph
Humidity: 44%

EVENTS

The Better Business Bureau of the Mid-South will hold its breakfast series with Dotty Summerfield Guisti of Summerfield Associates Inc., speaking on “The Power of Networking” Tuesday, Nov. 15, from 7:30 a.m. to 9 a.m. at the BBB, 3693 Tyndale Drive. Cost is free for BBB-accredited businesses and $10 for guests.

more events »

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Nov. 15, 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.

REAL ESTATE RECAP

Trinity Ridge Business Ctr. Sells for $7.6 Million

7730 Trinity Road, 7740 Trinity Road, 7750 Trinity Road, 7760 Trinity Road and 7866 Trinity Road , Cordova, TN 38018, Sale Amount: $7.6 million -
Montreal-based Dalfen America Corp. has bought the eight-building Trinity Ridge Business Center in Cordova for $7.6 million, just less than a year after the industrial park was sold in foreclosure.

LOCAL COLUMNISTS

Taste of What Customers Want

It’s the big question that all business professionals constantly think about – or at least should think about: What do my customers really want? Trying to answer this question is like chasing a greased pig. Sometimes, just when you think you have come up with a good answer, your customers change their minds and some or all of your business from them suddenly slips away.

Opt for Credit Cards That Pay You

Ray’s Take: Most people chose their credit cards by opting for the one that offers the lowest interest rate. And, if you’re still trying to pay down debt you have already accrued, that might seem to make sense. However, when you consider that the average credit card interest rate is still a high 14 percent, you might consider another financial resource to eliminate costly credit card debt once and for all.

STATEWIDE

Governors Share Economic Development Strategies

NASHVILLE (AP) – Governors and state economic development officials are sharing tips and strategies for how to attract businesses and create jobs

TVA Says Fuel Cost 2.8 Percent Higher in December

KNOXVILLE (AP) – A 2.8 percent increase in the Tennessee Valley Authority's fuel cost will boost average residential electric bills in December between $1.50 and $3.50.

NATIONAL BUSINESS

Buffett: European Concerns, US Housing Woes Linger

OMAHA, Neb. (AP) – Billionaire investor Warren Buffett says Europe’s debt concerns and the anemic U.S. home construction business will continue to hurt the economy even though many businesses are performing well.

Chase Ending Checking Account Test of Fee Waivers

NEW YORK (AP) – Chase is scrapping a test run of a checking account that charged customers a fixed $10 monthly fee.

Buffett's Firm Buys About $10.7B in IBM Shares

OMAHA, Neb. (AP) – Investor Warren Buffett says his company bought about $10.7 billion of IBM stock this year, giving it a stake of more than 5 percent in the technology company.

JC Penney Posts a Q3 Loss

NEW YORK (AP)J.C. Penney Co.'s new CEO Ron Johnson, a former Apple executive, told analysts Monday that the department store chain is rethinking everything it's doing – from pricing to products. The message comes as the retailer struggles to turnaround its business after reporting a quarterly loss.

NATIONAL POLITICS

Stopgap Bill to Keep Government Open Until Dec. 16

WASHINGTON (AP) – Congress is poised this week to take up legislation to keep the government running through mid-December.

Key Senator Says Another FAA Shutdown Possible

WASHINGTON (AP) – Another shutdown of the Federal Aviation Administration is possible because lawmakers haven't resolved a labor issue that's holding up passage of a long-term funding bill for the agency, a key senator said Monday.

Supreme Court Will Hear Health Care Case This Term

WASHINGTON (AP) – The Supreme Court said Monday it will hear arguments next March over President Barack Obama's health care overhaul – a case that could shake the political landscape as voters are deciding if Obama deserves another term.

White House Confident Health Law Will be Upheld

WASHINGTON (AP) – The White House says it is pleased that the Supreme Court will hear arguments over President Barack Obama's heath care overhaul and is confident the law will be upheld.

HEALTH CARE

Express Scripts Notes Receive Investment Grades

Pharmacy benefits manager Express Scripts Inc. received investment-grade ratings from three firms on up to $10 billion in senior notes it plans to issue to help pay for its $29.1 billion acquisition of Medco Health Solutions Inc.

Walgreen Q3 Lobbying Costs Doubled to $700K

NEW YORK (AP) – Drugstore operator Walgreen Co. spend $700,000 lobbying the federal government in the third quarter, more than twice what it spent a year ago.

CVS Caremark Pares Q3 Lobbying Costs to $2.2M

NEW YORK (AP)CVS Caremark Corp. cut back on its lobbying expenditures in the third quarter, but still spent $2.2 million as it discussed issues including prescription drug costs and pharmacy benefits management laws with the federal government.

Rite Aid Lobbying Costs Rise to $60,000 in Q3

NEW YORK (AP)Rite Aid Corp. spent $60,000 as it lobbied the federal in the third quarter, up 20 percent from a year ago.

SPORTS

Players Reject NBA's Offer, Begin to Disband Union

NEW YORK (AP) – NBA players rejected the league's latest offer Monday and began disbanding the union, likely jeopardizing the season.

TECHNOLOGY

Apple Launches iTunes Match a Couple Weeks Late

CUPERTINO, Calif. (AP) – Apple has turned on its iTunes Match service – although it's two weeks late.

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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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