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VOL. 129 | NO. 216 | Wednesday, November 5, 2014

Voters Approve Wine, Constitutional Amendments

Shelby County citizens voted 2-to-1 Tuesday, Nov. 4, against a proposed amendment to the Tennessee Constitution that gives the Tennessee Legislature the power to regulate abortion, including in cases of rape or incest.

Alumni United

CBU, Lensing renew focus on ‘lost alumni’

By background, Maria Lensing perhaps doesn’t fit the expected parameters of someone quick to defend Memphis and eager to take on the challenge of revitalizing a local university’s alumni association.

CCRFC Considers Conservation Bonds for Crosstown

The Sears Crosstown redevelopment project could get an infusion of funds for energy conservation efforts.

FedEx Freight CEO Retiring for Health Reasons

William J. Logue, the chief executive and president of FedEx Freight, will retire at the end of the year due to health concerns, the company announced Wednesday, Nov. 5.

Benson Appointed County Fire Chief

Shelby County Mayor Mark Luttrell has appointed the director of the Memphis Fire Department to be the new Shelby County Fire Department chief.

Local Weather
Currently
Memphis, TN
44.0°F
Fair
Wind: Northeast at 12.7 mph
Humidity: 53%

EVENTS

The Booksellers at Laurelwood will host Ally Condie, author of “Atlantia,” for a discussion and book signing Wednesday, Nov. 5, at 6:30 p.m. at the bookstore, 387 Perkins Road Extended. Visit thebooksellersatlaurelwood.com.

more events »

Courtyard Memphis East Fetches $11.7 Million

The Courtyard Memphis East/Park Avenue has sold for $11.7 million as part of New York-based NorthStar Realty Finance Corp.'s $1.1 billion acquisition of 52 hotels nationwide.

Major Retailers Step Up to Support St. Jude

Several national businesses including major retailers have begun lining up to again raise money during the holiday season for St. Jude Children’s Research Hospital.

Investment Group Buying Varsity Brands

A private equity firm is in the process of leading an acquisition of Memphis-based Varsity Brands.

Council Votes Down Elvis Presley Boulevard Car Lot

The Memphis City Council voted down Tuesday, Nov. 4, the move of a used car lot on land owned by Graceland to a lot further north on Elvis Presley Boulevard near the new 450-room resort style hotel Elvis Presley Enterprises is building.

Ramirez Stresses Alignment in Schools Position

The new chief academic officer for Shelby County Schools sees herself as being like the conductor of an orchestra.

International Paper Posts Third-Quarter Profit

Memphis-based International Paper reported third-quarter net earnings of $355 million, $27 million less than the quarter a year ago but $194 million more than the second quarter of 2014.

Hagerty Works Toward Better Air Connection

In its second term, Gov. Bill Haslam’s administration hopes to draw even more foreign-based business investment to Tennessee by building international air travel in a state that currently has no hub airports.

Local Golf Courses Change Hands, Undergo Improvements

Mirimichi is a Native American word that means “place of happy retreat.”

Shelby Early Vote Shows "No" Carry On Abortion Amendment

Shelby County’s early vote totals show a defeat for the amendment to the Tennessee Constitution involving abortion and passage of the other three amendments.

NEWSMAKERS

Hill to Lead MIFA’s COOL Program

Andrea Hill has been named manager of Metropolitan Inter-Faith Association’s COOL (College Offers Opportunities for Life) program, which provides higher education counseling, life skills training and mentorship opportunities to 11th- and 12th-graders from G.W. Carver and Booker T. Washington High Schools. Hill previously worked as director of volunteer services for Cool Girls Inc. in Atlanta.

LOCAL COLUMNISTS

Why Your Brand Should Care About Millennials

Millennials. They're unmotivated. They lack the work ethic of their Gen X predecessors. They're perfectly happy living off mom and dad versus making their own way. They'll never really have spending power.

Fed Folds Quantitative Easing

Nearly five years after the conclusion of the Great Recession, the U.S. Federal Reserve has chosen to conclude its quantitative easing program. Ben Bernanke thought long and hard about the potential for Central Bank “emergency measures” like QE throughout his academic career. His devotion to Milton Freidman and the quantity theory of money (money supply * velocity = GDP) provided the orthodoxy for the U.S. response to the financial crisis.

SPORTS

Grizzlies Sign Guard Kalin Lucas

MEMPHIS, Tenn. (AP) – The Memphis Grizzlies have signed guard Kalin Lucas, bringing back a player who played eight preseason games with them.

Grizzlies' Tony Allen Fined for Striking Camera

MEMPHIS, Tenn. (AP) – The NBA has fined Grizzlies guard Tony Allen $15,000 for intentionally striking a camera on the baseline during Memphis' win over New Orleans.

NATIONAL BUSINESS

US Trade Deficit Expands in September

WASHINGTON (AP) – The U.S. trade deficit rose in September as exports slumped, a sign that the world's biggest economy is starting to feel the impact of weakening global growth.

Dell CEO Says He's Happy With Company's Progress

AUSTIN, Texas (AP) – The founder and CEO of Dell Inc. said he's been pleased with the state of his company since it went private last fall, ending its 25-year run as a publicly traded business.

US Factory Orders Slip in September

WASHINGTON (AP) – Orders to U.S. factories declined in September, dragged by falling demand in the volatile aircraft category.

TECHNOLOGY

Disney Expands Digital Movie Service to Android

NEW YORK (AP)The Walt Disney Co. is expanding its digital movies app that allows fans to watch movie purchases across devices to Android's Google Play.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 155 19,728
MORTGAGES 95 170 23,084
FORECLOSURE NOTICES 41 48 8,352
BUILDING PERMITS 200 338 40,366
BANKRUPTCIES 50 122 13,226
BUSINESS LICENSES 14 23 6,160
UTILITY CONNECTIONS 33 85 13,080
MARRIAGE LICENSES 28 58 4,900

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The Memphis News: Business, politics, and the public interest.