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VOL. 129 | NO. 243 | Monday, December 15, 2014
EMPHASIS Regional Business

Making a Statement

Trustmark underscores commitment to Memphis

One of the regional banking players in Memphis is Jackson, Miss.-based Trustmark Bank, which took a big step that made a statement in Memphis this year.

New Industrial Market Takes Hold in Marshall, Fayette Counties

In November, Volvo began operations at its new parts distribution center in Marshall County, Miss.

Community Hospitals Becoming Endangered Species

The state of Mississippi has 110 hospitals and three-fourths of them are, as you might expect, in rural areas.

Competition, Cooperation Part of Regionalism Mix

When a group of mayors with common borders get together, it is usually a sympathetic gathering of chief executives where there is much comparing of notes.

Local Weather
Memphis, TN
Wind: Southwest at 10.4 mph
Humidity: 79%


The 13th annual Porter-Leath Toy Truck will collect new, unwrapped toys and monetary donations Monday, Dec. 15, to Dec. 19 from 7 p.m. to 7 p.m. at WMC-TV Action News 5, 1960 Union Ave., and Bud Davis Cadillac, 5433 Poplar Ave. Donations from both locations will benefit children and families served by Porter-Leath. Visit porterleath.org.

more events »

Ikea to Open First Tennessee Store in Memphis

Swedish furniture retailer Ikea will open its first Tennessee store in Memphis next year, according to several people familiar with the effort and confirmed by Ikea representatives Monday.

Haslam Reaches Agreement to Expand Medicaid in Tennessee

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam announced Monday that he has reached a deal to expand Medicaid in Tennessee after more than a year of discussions with federal officials.

Delta Cutting Routes to Three More Cities

Delta Airlines is slashing more routes at Memphis International Airport, including its nonstop flights to Chicago O’Hare International Airport.

Target, Cummins Seek 15-Year Tax Breaks

Memphis and Shelby County are offering generous tax incentives to attract and retain hundreds of jobs.

Achievement School District to Add Six Memphis Schools

Five Memphis schools that are now part of Shelby County Schools will become part of the state-run Achievement School District starting in August with the new school year.

FCC Approves Scripps, Journal Broadcast Merger

The E.W. Scripps Co., parent company of The Commercial Appeal in Memphis, and Milwaukee-based Journal Communications Inc. now have approval from the Federal Communications Commission for their plan to merge their broadcast operations.

Council to Weigh Next Moves on Beale

A Beale Street Tourism Development Authority with a nine-member appointed board would oversee the development and management of the entertainment district under the terms of a 13-page resolution that goes to the Memphis City Council this week for discussion.


Blackie’s Body Shop Endures Changing Industry

Cars are a lot different, and the business of an auto body shop is too, since Delmus “Blackie” Moore opened a body shop on Fourth Street in Downtown Memphis in 1951.


Market Understanding Leads to Wins

Unlocking Value. Why do innovations end up in a “black hole?”

Finding Real Change For The New Year

New Year’s resolutions are tempting to make, and they are even more tempting to forget.


SeaPort Looks to Shift Some Memphis Flights to Nashville

TUPELO, Miss. (AP) – Faced with a demand for more flights from Tupelo to Nashville, SeaPort Airlines is considering moving some Memphis flights to the Nashville route.


Haslam Announces Recipients of Grant Competition

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam has announced that 12 agencies from across the state are recipients of a statewide initiative to help residents get more education and training for jobs that are available in their communities.

Tourism Commissioner Leaving Haslam Administration

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam says his tourism commissioner, Susan Whitaker, is leaving his administration after serving in that position for 12 years.


Wealth Gap Widens Between Whites and Minorities

PORTLAND, Ore. (AP) – The economic recovery has not been equal among the races, according to a Pew Research Center study released Friday.


Fed Member Plans to Leave When Term Ends in 2016

WASHINGTON (AP) – Narayana Kocherlakota, the president of the Federal Reserve Bank of Minneapolis, said Friday he will step down when his current term ends in early 2016, marking the departure of one of the Fed's leading proponents of easier credit conditions to battle unemployment.

NLRB Issues Rule to Speed Up Union Organizing

WASHINGTON (AP) – The National Labor Relations Board issued a final rule on Friday aimed at modernizing and streamlining the union election process.

Ikea to Open Memphis Store in Fall 2016

The new Ikea Memphis store to open in the fall of 2016 will seek tax incentives from the board of the Economic Development Growth Engine, according to Memphis Mayor A C Wharton Jr.

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PROPERTY SALES 68 321 13,763
MORTGAGES 79 340 15,906
BUILDING PERMITS 258 758 28,515
BANKRUPTCIES 45 223 8,873

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