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VOL. 131 | NO. 239 | Thursday, December 1, 2016

IP Closes on Weyerhaeuser Acquisition

International Paper, headquartered in Memphis, closed Thursday, Dec. 1, on its $2.2 billion purchase of Weyerhaeuser’s pulp business.

Three CRE Firms Join to Improve Connectivity at Busy Poplar Corridor

Three Memphis real estate companies with significant assets in the Poplar Avenue/Ridgeway Road area are making plans to improve connectivity and walkability there.

County Explores Legal Options to Fix Courts' Computer 'Ordeal'

Shelby County Commissioners talked about possible legal action Wednesday, Nov. 30, against Tyler Technologies, the company supplying a new computer system for the local criminal justice system.

Transnetyx Thriving in Testing World for ‘the Smart People’

Bob Bean was an unlikely co-founder of the world’s first fully automated mouse genotyping firm. He earned an undergraduate degree in music at the University of South Carolina and then went to Southwestern Baptist Theological Seminary.

American Apparel Closing Memphis Location

After filing its second bankruptcy in roughly a year, American Apparel will be closing its location at 528 S. Main St. in Downtown Memphis at the end of December.

Local Weather
Currently
Memphis, TN
74.0°F
Fair
Wind: Calm mph
Humidity: 79%

EVENTS

The St. Jude Memphis Marathon Weekend kicks off with the Health & Fitness Expo on Thursday, Dec. 1, from 11 a.m. to 6 p.m. and Friday, Dec. 2, from 11 a.m. to 8 p.m. at the Memphis Cook Convention Center, 255 N. Main St. Open to the public, the expo will feature nearly 100 exhibitors with the latest in all racing needs. Race day on Saturday, Dec. 3, will feature five races: the 5K and 10K starting at 7 a.m., the half-marathon and marathon at 8:30 a.m., and the kids marathon at 1:30 p.m. Visit stjudemarathon.org for details.

more events »

Last Word: The Return of Stubby Clapp, Poplar & Ridgeway for Pedestrians and Mice

The death toll in the Sevier County-Gatlinburg wildfires is at seven. Authorities believe a fire at The Chimney Tops in the Great Smoky Mountains National Park was what started the disaster and had consumed 15,563 acres as of Wednesday evening. At that point, the fire was 10 percent contained.

SCS Board Mulls Details of Right-Sizing Plan

Shelby County Schools board members may push a vote on a proposal to close seven schools and build three new ones to February instead of January. A review of the proposal by the SCS board Tuesday, Nov. 29, still keeps in place a vote at the Dec. 6 school board meeting that would start a process of public meetings to gauge the reaction of parents affected by changes.

Short-Term Leases Help Retail Industry Navigate Busy Shopping Season

With the holiday shopping season already in full swing, some companies in need of additional space to help alleviate their seasonal storage requirements are finding willing landlords as partners.

Memphis Indie Holiday Market Returns Dec. 10

Mary Claire White is preparing to join a group of fellow makers and artisans next week in Midtown for a yearly gathering that doubles as both a holiday shop and a chance for vendors like her to showcase their work.

LOCAL COLUMNISTS

Saving Money On 2017 Travel

I can’t in good conscience encourage anyone to spend money. Do we really need a Cyber Monday to go online and shop more? And it’s not like you’re saving money; yes, that TV might be $50 less than it was the previous day, but you’re still spending money.

Revision Revisited

A hundred and ninety-eight years ago – in December 1818 – Thomas Jefferson wrote Robert Walsh Jr. a letter. In it he included an anecdote that speaks to the relative value of revising a document. Who, you ask, is Robert Walsh? And why did the former president correspond with him on such a matter?

Refugee Lawsuit Proceeds in Spite of Obstacles

Tennessee is going “full speed ahead” in a challenge of the federal Refugee Resettlement Program despite threats by President-elect Donald Trump to dismantle it or, at the least, stop the flow of refugees from terrorist-linked countries.

Five Learning Strategies for Resilience In the Business Consolidation Age

Global competition is heating up and a wave of consolidation is sweeping various industries, from the tech economy to the old economy. Google and General Electric continue to master their domains and expand their reach. Microsoft bought LinkedIn and Bayer is looking to buy Monsanto.

STATEWIDE

Gatlinburg Mayor Talks of Re-Opening City After Wildfires

GATLINBURG, Tenn. (AP) – Buddy McLean watched from a deserted Gatlinburg street as flames surrounded his 26-acre hotel nestled in the mountains of eastern Tennessee.

US House Votes to Name Courthouse After Fred Thompson

NASHVILLE, Tenn. (AP) – The U.S. House has voted to name the new federal courthouse in Nashville after the late actor-politician Fred Thompson.

Tennessee Among States Receiving Preschool Grants

NASHVILLE, Tenn. (AP) – Tennessee is among 18 states that will receive more than $247 million in federal grants to continue expanding access to high-quality preschool for children from low- to moderate-income families.

REGIONAL NEWS

Tupelo Police HQ to Fly Miss. Bicentennial Banner, For Now

TUPELO, Miss. (AP) – The Mississippi flag with the Confederate battle emblem won't fly outside the new Tupelo Police Department building – at least for a year.

ECONOMY

Fed Reports Modest Growth Around Nation in New Survey

WASHINGTON (AP) – The Federal Reserve reports that the U.S. economy grew at a modest rate this fall, with solid gains in consumer spending helping offset lingering weakness in exports.

ARTS & ENTERTAINMENT

Longtime Elvis Presley Aide Joe Esposito Dies At 78

LOS ANGELES (AP) – Joe Esposito, a former road manager for Elvis Presley and a longtime member of the Presley inner circle known as "The Memphis Mafia," has died at age 78.

Binge Watching on Netflix No Longer Requires Internet Access

SAN FRANCISCO (AP) – Netflix subscribers can now binge on many of their favorite shows and movies even when they don't have an internet connection.

NATIONAL GOVERNMENT

Trump Says He's Leaving Businesses to Avoid Conflicts

NEW YORK (AP) – President-elect Donald Trump declared Wednesday he will leave his business empire behind to focus on his presidency. But the prospect that he could simply shift more control to three of his adult children looked too cozy to some business-ethics specialists who suggest the arrangement could bring unprecedented conflicts of interest into the Oval Office.

EPA to Keep Strict Gas Mileage Standards in Place

DETROIT (AP) – The Obama administration has decided not to change government fuel economy requirements for cars and light trucks despite protests from automakers.

Binge Watching on Netflix No Longer Requires Internet Access

SAN FRANCISCO (AP) – Netflix subscribers can now binge on many of their favorite shows and movies even when they don't have an internet connection.

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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

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