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VOL. 129 | NO. 227 | Thursday, November 20, 2014

Wharton’s Hybrid Pension Falls in Council

Memphis Mayor A C Wharton Jr.’s hybrid pension proposal, the second of two parts of his overhaul of city employee benefits, was voted down Tuesday, Nov. 18, by the Memphis City Council in a bid by some on the council to end “uncertainty” among city employees.

Home for the Holidays

United Housing places its 4,000th homebuyer

Jasmine Morris, a 27-year-old Memphis native, had been renting while trying to raise her daughter, but she always longed to follow her dream of owning a home.

Tennessee Unemployment Dips in October

Tennessee’s unemployment rate inched in the right direction in October but still remained above the national average.

Expedient Data Centers Expands to Memphis

Expedient Data Centers, a leading provider of cloud computing and other related services, has settled on Memphis as the site of its first data center in Tennessee.

Adelman, Gibson Lease New Daisy Theater

The California nightclub developer taking on the old Club Crave on Beale Street and the Memphis businessman who was a driving force behind the new Hattiloo Theater location in Overton Square are the new owners of Beale Street’s longest-running showcase music venue, The New Daisy Theater.

Local Weather
Memphis, TN
Partly Cloudy
Wind: Calm mph
Humidity: 50%


The Downtown Memphis Commission board will meet Thursday, Nov. 20, at noon in the commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

more events »

Potential Cargill Tenant Puts Rate Hike on Hold

As Cargill Inc. prepares to close down its Memphis corn mill by the end of the year, there are talks about moving another tenant into the facility. And about 50 of the 440 workers at the corn mill on Presidents Island will remain in Memphis at a smaller operation.

AutoZone Ordered to Pay $185 Million Over Pregnant Bias

SAN DIEGO (AP) – A federal jury in San Diego has hit AutoZone with $185 million in punitive damages after finding that the company retaliated against a pregnant manager, eventually demoting and firing her.

Hayes Perseveres to Lead Memphis Football

He belongs. As much, or more, than any of them.


Estate Planning and State Taxes

Ray’s take: A lesser-discussed aspect of estate planning is state inheritance taxes. Some states have tax separate and in addition to federal estate taxes. And to make it even more confusing, some states collect estate taxes and some states collect inheritance taxes, while two states collect both.

If You Don’t Come Across …

Ten years ago this month, as I was immersing myself into the nuances of cruciverbalism – the art of writing crosswords – these lines came to me:

Dollar, S&P Levels Point to 1996

As trading becomes more mechanized, investors must consider not only market fundamentals but also what‘s driving the algorithms. With the proliferation of ETFs, less analysis occurs at the security level, and more analysis occurs on the technical level.


Big & Rich to Play Halftime of Liberty Bowl

MEMPHIS, Tenn. (AP) – Country duo Big & Rich will play the halftime show of the Liberty Bowl on Dec. 29 after being honored with the bowl's Outstanding Achievement Award.

Timberlake Becomes Co-Owner of Audio Tech Company

NEW YORK (AP) – Justin Timberlake wants to make sure you have a 20/20 sound experience when you listen to music: He's now a co-owner of the audio technology company AfterMaster Audio Labs, Inc.


Tenn. Farmers Ready to Grow Hemp, Unused To Rules

NASHVILLE, Tenn. (AP) – With a decades-long ban on hemp production in Tennessee finally lifted, some farmers say they want to grow the crop but aren't used to the government oversight that comes with it.


Haslam Names New General Counsel

NASHVILLE, Tenn. (AP) – Tennessee Gov. Bill Haslam has selected a Knoxville attorney to be his new general counsel.


Study: Banking Industry Culture Fosters Cheating

WASHINGTON (AP) – The banking industry seems to bring out dishonesty in people, a new study suggests.

Family Dollar Delays Special Shareholders Meeting

MATTHEWS, N.C. (AP) – Family Dollar is delaying a special meeting at which shareholders were to vote on its $8.5 billion acquisition by Dollar Tree as regulators determine how many stores might need to be divested for antitrust reasons.


Fed Sees Solid US Economy, Despite New Threats

WASHINGTON (AP) – Federal Reserve policy-makers discussed a variety of economic threats at their October meeting – from turbulent financial markets to overseas weakness – but decided to move forward with plans to end their landmark bond buying program.

Obama: US Needs to Bring Schools Into 21st Century

WASHINGTON (AP) – President Barack Obama called on local school officials Wednesday to help meet his goal of bringing high-speed Internet to virtually every student within a few years to help American children compete with counterparts in countries that already use technology to help them learn.

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PROPERTY SALES 90 140 15,764
MORTGAGES 100 162 18,210
BUILDING PERMITS 194 315 32,829
BANKRUPTCIES 57 116 10,129

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