» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 126 | NO. 217 | Monday, November 7, 2011

National College Files $5.2M Permit for Thousand Oaks Spot

Plans are under way for a private college’s third brick-and-mortar location in Memphis.

Saddle Up

Kessler Stables offer guided trail rides to Shelby Farms visitors

When preparing to embark on a guided trail ride, staff members of The Kessler Stables at Shelby Farms line the horses up according to equine relationships; buddies Bullet and Blackjack dislike being separated, and Copper prefers to be near either his best friend, Prints, or girlfriend Rose.

Chinese Tire Co. Inks Distribution Deal With Del-Nat

Executive from Qingdao Doublestar Industrial Co. Ltd. were in Memphis Saturday, Nov. 5, to announce the agreement with Del-Nat Tire Corporation at the 486,000 square foot Del-Nat facility at 2365 Texas Drive.

Cordova Hastings Store to Close

Another large commercial real estate space is coming on the market in Cordova.

GTx Posts $9.3M Q3 Loss

Memphis-based GTx Inc. reported Friday, Nov. 4, a $9.3 million loss for the third quarter as the company ramped up research and development on two drugs in clinical development programs.

Local Weather
Currently
Memphis, TN
80.0°F
Fair
Wind: Southeast at 4.6 mph
Humidity: 62%

EVENTS

The River City Writers Series at the University of Memphis will welcome author Randall Kenan for two events Monday, Nov. 7, and Tuesday, Nov. 8. Kenan will read from his work Nov. 7 at 8 p.m. in the University Center River Room, room 300, and conduct an interview Nov. 8 at 10:30 a.m. in Patterson Hall, room 456. Both events are free and open to the public. For more information, call 678-4692 or email creativewriting@memphis.edu.

more events »

Orpheum Looks South For Expansion Plans

The show must go on even if the stage isn’t big enough, but The Orpheum Theater hopes to change that very soon.

Shelby County DA Race Taking Shape

With a month to the Dec. 8 filing deadline for the March 6 presidential and Shelby County primary elections, the coming race for Shelby County district attorney general is beginning to show signs of life. That is as voters in one part of Memphis prepare to decide the last election of 2011 this week.

MAA Sees Q3 Revenue Growth of 5.5 Pct.

Real estate investment trust MAA’s third quarter was marked by positive operating results as pricing trends and revenue performance continued to improve, the Memphis-based company reported in its Friday, Nov. 4, conference call.

Douglas Gives Message of Hope for Cancer Patients

Academy Award-winning actor Michael Douglas openly shared the story of his battle with cancer Friday, Nov. 4, at the 10th annual Methodist Cancer Center Luncheon at The Peabody hotel, 149 Union Ave.

Consolidation to Impact Housing Market

Rather than speculate, it’s imperative that residents of Memphis and Shelby County research for themselves the impact of the pending schools consolidation on their families.

Morgan Keegan Bids Reportedly Drop $200M

Executives of Regions Financial Corp. have yet to tip their hand in public comments about the auction process that’s been open since the summer for Regions’ Memphis-based investment banking unit, Morgan Keegan & Co.

Tennessee’s Solar Future Looks Bright

The president of the Chattanooga, Tenn., company building the West Tennessee Solar Project in Haywood County says Tennessee has a lot of so far unrealized potential for large utility scale solar arrays.

Victory Bicycle Spins its Wheels In Roomier Space on Broad

Victory Bicycle Studio recently opened the doors to its new store at 2549 Broad Ave., just more than a year after its original location caught fire.

LOCAL COLUMNISTS

GiVE 365 Offers ‘Fishing Lessons’

Last week we spotlighted Memphis Teacher Residency, a nonprofit working to recruit, equip, and retain excellent teachers to work in Memphis’ urban areas where the need for strong educators is most critical. This week let us recognize the efforts of the Community Foundation of Greater Memphis and a group of community-minded individuals who came together through GiVE 365 and recently awarded grants totaling $49,278 to nine local nonprofits.

THE MEMPHIS NEWS

Cultural Connection

Indians find community, commercial success in Memphis

It’s impossible to deny Western society’s fascination with India.

Indian Community Part of Changing City

As the diversity of our community becomes less of a discovery and more of a fact of life, the ongoing debate about whether America is a melting pot or a mosaic becomes more of an individual choice.

Styles Blend at Opus One Concert

Call it “Million Dollar Beethoven” or “Whoop That Shostakovich.”

Bleu Owners Hope for Hotel Longevity

With its spiffy updated interior and aggressive social media presence, it’s pretty clear that bleu restaurant & lounge is aiming at being the hippest and hottest drinking and dining place Downtown. The reconfigured space in The Westin Memphis Beale Street hotel was first the Daily Grill, then Sole and now bleu, with a new concept and chef (Robert Nam Cirillo) and a dose of attitude: “Something Bold. Something Neu. Something Bleu.”

As Temps Dip, Try Hearty Wine Like Allegrini

Here’s a great Italian red wine to start off November and a season whose growing chill dictates hearty flavors and long-braised dishes. This is the Allegrini Valpolicella 2009, a blend of 65 percent corvina grapes, 30 percent rondinella and five percent molinara, in other words, a classic Valpolicella from that area northwest of the charming city of Verona.

NATIONAL BUSINESS

Job Market Improves Modestly as Unemployment Falls

WASHINGTON (AP) – The American job market improved modestly in October, and economists looking deeper into the numbers found real reasons for optimism – or at least what counts for optimism in this agonizingly slow economic recovery.

Banks Scramble to Make Up for Lost Debit Card Fees

NEW YORK (AP) – After an intense public backlash, Bank of America and other banks have backed off charging monthly debit card fees.

Fed-Up Consumers Planning for 'Bank Transfer Day'

NEW YORK (AP) – It's moving day for bank customers.

Latest Airline Fare Increase Seen Failing

DALLAS (AP) – The latest try by airlines to take advantage of full flights and boost their prices appears to be failing.

Dippin' Dots Files for Bankruptcy, Wants to Stay

LOUISVILLE, Ky. (AP) – Novelty ice cream maker Dippin' Dots has filed for federal bankruptcy protection, but is asking a judge to allow it to use cash collateral to continue operations.

NATIONAL POLITICS

House Republicans to Obama: Help Pass Jobs Bills

WASHINGTON (AP) – House GOP leaders say the latest unemployment numbers show it's time for the Democratic-led Senate to begin approving jobs-related bills that the Republican-run House has passed.

HEALTH CARE

Medicare Prescription Savings Pass $1B Mark

WASHINGTON (AP) – Medicare says seniors with high prescription costs have saved more than $1 billion thanks to the new health care law.

Humana CEO to Retire, New President Tapped

LOUISVILLE, Ky. (AP) – Humana Chief Executive Officer Mike McCallister announced that he plans to retire within 18 months and the company has tapped Bruce D. Broussard as president of the Louisville-based firm.

Tenet to Offer $750M in Senior Secured Notes

DALLAS (AP) – Hospital operator Tenet Healthcare Corp. said Friday it will sell $750 million in senior secured notes and use the proceeds to pay off some older debt.

TECHNOLOGY

US Cellular: We Turned Down iPhone

NEW YORK (AP)U.S. Cellular Corp., the country's sixth-largest cellphone company, on Friday said it had the opportunity to carry the iPhone but turned it down because the phone is too expensive.

Groupon Shares Jump in Public Market Debut

NEW YORK (AP) – Groupon, the company that pioneered online group discounts, saw its stock climb by nearly a third in its public debut Friday, showing strong demand for an Internet company whose business model is considered unsustainable by some analysts.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

Weekly Edition

Issues | About

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