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VOL. 125 | NO. 241 | Monday, December 13, 2010

Projects Seeking IDB OK Need More Time

All of the items on the Memphis-Shelby County Industrial Development Board’s special meeting Friday were lacking one major detail: time.

Wave of the Future

MLGW demo brings households into tech progression

Memphis Light, Gas and Water Division is in the process of installing 1,000 high-tech smart meters in homes across the Mid-South as part of its three-year Smart Grid demonstration project. The devices should prove especially useful since it is estimated that MLGW households use 36 percent more electricity than the national average.

IDB to Weigh Dalphis Move

The Memphis-Shelby County Industrial Development Board this week will consider a three-year, $2.4 million tax break for Memphis window covering manufacturer Dalphis Holdings LLC.

First Tennessee Parent to Repay TARP

First Tennessee Bank's top brass can cross two big items off the company to-do list.

Gala Celebrates Young Minority Professionals

Memphis Urban League Young Professionals will host its inaugural Agents of Change Awards gala at 7:30 p.m. Friday in the Tower Room, 5100 Poplar Ave.

Local Weather
Currently
Memphis, TN
90.0°F
A Few Clouds
Wind: Variable at 5.8 mph
Humidity: 54%

EVENTS

Alzheimer’s Association will hold the Parade of Trees Holiday Dinner and Wine Tasting Monday from 5:30 p.m. to 7:30 p.m. at 3345 Kirby Whitten Road. The dinner will benefit the Alzheimer’s Association. Reservations are not required.

more events »

Charter Surrender Talk Tops MCS Meeting

Memphis City Schools board members take a procedural but important step Monday evening in their consideration of surrendering the school system’s charter.

First South Eyes Market Share Gains Built on Service

Craig Esrael runs a business that he readily accepts is on the receiving end of an odd customer trend.

Bredesen Ponders Future as Term Winds Down

Phil Bredesen has about a month left in his eight-year tenure as governor.

Acquisition Rumors Swirl Around Smith & Nephew

Smith & Nephew PLC’s stock price was up slightly in London amid rumors of an acquisition.

Dressmaker Helps Women Shine on Special Occasions

Barbara VanHouten began sewing in the 4-H Club in McBain, Mich., with her mother as the teacher.

Take Control of the Shades of Gray

It seems popular for a speaker or author to declare something dramatic that may or may not be true. Some examples include: “Right now is the best time to start a business.” Or, “Cold calling is dead and networking is the way.” “Social media has replaced paper media.” Take your pick from other declarations of “this is dead” or “that is alive.”

Give Back Through Mentoring

Last week we took a look at how you can use recycling to support charitable organizations. This week, let us discuss how mentoring can be an easy, fun way to give back and help prepare our future leaders.

THE MEMPHIS NEWS

High Cotton

Carol Perel points from her office to the other side of the ground-floor lobby at 65 Union Ave.

Cotton’s Heyday Gone, But Its Legacy Lives On

Cotton doesn’t live on Front Street anymore. At least not the way it once did.

Beloved Children’s Tale Comes to Life

Germantown Community Theatre debuts a new Christmastime musical this year featuring the story of a beloved toy and the meaning of being “real.”

Renowned for Italian Cuisine, Grisantis Also Cook Up Conflict

Today’s column was supposed to be an interview with Judd Grisanti and his father, Ronnie, but when I arrived at Judd Grisanti’s Trattoria for a 2:30 appointment, I was informed that he had departed. He never returned. What transpired was a frank interview with Ronnie Grisanti that sheds light on family conflicts going back two generations.

A Drinkable, Well-Priced Sparkling Wine

Charles Lafitte is a champagne house established in 1848 that has taken the unusual step of producing a sparkling wine elsewhere in France. I mean, it ain’t done. California, Australia, South America, sure, they’ll do that, but not in the homeland.

STATEWIDE

$7 Million Awarded in Tennessee Solar Grants

KNOXVILLE (AP) – The Tennessee Solar Institute has announced more than $7 million in grants to fund 37 projects across the state.

HEALTH CARE

Community Health Offers to Buy Tenet for $3B

FRANKLIN, Tenn. (AP) – After being rejected by Tenet Healthcare Corp.'s board, hospital operator Community Health Systems Inc. is taking its $3 billion cash and stock offer for its smaller rival public in a move to rally shareholder support for the deal.

NATIONAL BUSINESS

Top GM Exec Says Federal Pay Limits Hurt Company

WASHINGTON (AP) – The top executive at General Motors said Friday that the automaker's attempt to rebound from its bankruptcy is being hindered by salary limits the government has clamped on executives at companies that accepted federal bailouts.

TJX to Close A.J. Wright Brand, Cut 4,400 Jobs

NEW YORK (AP) — TJX Cos. says it is shuttering its A.J. Wright discount stores by mid-February, cutting 4,400 jobs and converting some stores to other brands such as T.J. Maxx.

Trade Deficits Narrows to 9-Month Low in October

WASHINGTON (AP) – The U.S. trade deficit fell to its lowest level in nine months, as growing demand for American goods overseas and a falling dollar pushed exports to their highest level in more than two years.

Businesses Can Get a Holiday Gift – Tax Deductions

NEW YORK (AP) – Business owners get a gift from the government when they celebrate the holidays with employees and customers: tax deductions!

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 312 16,192
MORTGAGES 86 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 332 655 33,126
BANKRUPTCIES 50 237 10,737
BUSINESS LICENSES 26 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 19 94 3,867

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