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VOL. 125 | NO. 224 | Wednesday, November 17, 2010

Retirement Board OKs Pension Plan

The Shelby County Retirement Board has voted to create a new pension plan for workers not yet hired by the county in the hope of bringing the county’s escalating cost of retiree benefits under control.

Adding Value

Builders tweak product in response to slow market

Many of the Mid-South’s most successful homebuilders are weathering the slowdown in home sales across the region by getting creative to lower prices and attract potential buyers.

CCDC Votes to Change Downtown Incentives

The Center City Development Corporation (CCDC) acted Wednesday to change its incentives for Downtown development.

Riviana PILOT Headlines IDB Meeting

Riviana Foods Inc. is looking for a tax break for its recently consolidated manufacturing and processing facility at 2314 S. Lauderdale St.

Convention Center Committee Begins CVB Negotiation Work

The clock is ticking on a contract to run the Memphis Cook Convention Center that would be a sea change in local tourism efforts.

Local Weather
Currently
Memphis, TN
75.0°F
A Few Clouds
Wind: East at 3.5 mph
Humidity: 88%

EVENTS

Talk Shoppe will present “Real Police Department Services to Protect You During the Holidays” Wednesday from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call 482-0354.

more events »

Stamson and Johnson Resign from Election Commission

Shelby County Election Commissioners Steve Stamson and James Johnson have resigned following a legal opinion from the Shelby County attorney saying because they are county government retirees they can’t collect their pensions while serving on the five-member body.

RxBio, ED Labs Use Federal Funds for Drug Development

Sister companies RxBio Inc. and ED Laboratories have been awarded federal funding to support their bioscience research, which includes the development of drugs to protect against the effects of typically lethal radiation following unintended exposure, as in the case of a nuclear attack.

G’town Confronts Transportation ‘Paradigm Shift’

In response to a growing emphasis on bicycles, Germantown planners are working on new connections to the city’s existing bike lanes and trails.

Blue CRUSH Boots Midtown ‘Problem Renter’

The house on the corner of South Cox Street and Southern Avenue didn’t look bad, as alleged drug houses go.

Schlimmer Joins CBU

Jim Schlimmer has joined Christian Brothers University as vice president of enrollment.

Achieving Prosperity Through Competition

Play the Game Markets and geopolitics collided last week, leaving investors scratching their heads after an intense market advance. From the micro-perspective, corporate earnings releases continue to support market price levels, but the macro perspectives create quite a puzzle.

Nasty Customers Should Make You Smile

Poor service seems to always be on our radar, but what about poor customer behavior? I had a chance to watch that during a recent trip to Macy’s.

Sales in The Brave New World

As a former president of the Sales and Marketing Executives of Memphis, the wisdom of the statement we opened our meetings with is firmly ingrained in me. “Nothing happens until someone sells something.” It’s true, not just in the business world either.

STATEWIDE

Bredesen Adds Solar Venture to Disclosure Form

NASHVILLE (AP) – Gov. Phil Bredesen has amended his state personal disclosure form to include his investment in a solar venture headed by a former top cabinet aide.

STATE LEGISLATURE

Tenn. Lawmaker Todd 'Truly Sorry' for Rats Comment

NASHVILLE (AP) – Republican state Rep. Curry Todd said Tuesday he is "truly sorry" for likening pregnant illegal immigrants to rats.

HEALTH CARE

Report Details How Hospitals Can be Risky Places

WASHINGTON (AP) – Medicare's new chief called for more steps to improve patient safety Tuesday, in the wake of a government report that said one in seven hospitalized Medicare patients is harmed during their stay.

Walmart Drug Plan for Seniors May Not be Best Deal

WASHINGTON (AP) – Consumer alert: A new Medicare drug plan with the lowest upfront cost in the country may not be for everyone, experts say.

REAL ESTATE

Foreclosure Mess Could Threaten Banks, Report

WASHINGTON (AP) – The disarray stemming from flawed foreclosure documents could threaten major banks with billions of dollars in losses, deepen the disruption in the housing market and hurt the government's effort to keep people in their homes, according to a new report from a congressional watchdog.

NATIONAL BUSINESS

UPS to Hire About 50,000 for Holiday Season

ATLANTA (AP) – UPS says it will hire about 50,000 temporary workers to handle the crush of holiday shipments this year.

Wal-Mart Q3 Profit Rises; Pressure Still on in US

NEW YORK (AP) Wal-Mart Stores Inc. reported a 9.3 percent increase in third-quarter net income as the world's largest retailer benefited from cost controls and a robust international business. The company also raised its full-year profit outlook.

Higher Factory Output Lifts Hopes for Economy

WASHINGTON (AP) – U.S. factories renewed hopes that they can be an engine of economic growth by revving up production of big-ticket goods for consumers and businesses in October.

Wholesale Prices Rise on Higher Gas Costs

WASHINGTON (AP) – Wholesale prices rose in October for the fourth straight month due to higher gas costs, but there was little sign of inflation as the cost of food, cars and computers all fell.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 312 16,192
MORTGAGES 0 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 655 33,126
BANKRUPTCIES 0 237 10,737
BUSINESS LICENSES 0 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 0 94 3,867

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