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VOL. 130 | NO. 244 | Wednesday, December 16, 2015

Fed Hikes Rate, Finance Pros Expect Minimal Immediate Impact

Borrowers and savers aren’t likely to see an immediate impact from the historic move Wednesday, Dec. 16, by the Federal Reserve to raise interest rates by a quarter point for the first time in almost a decade, according to several Memphis-area financial industry professionals.

Taylor Berger: Loflin Corner ‘One of the Most Exciting Projects’

The “entertainment destination” planned for the corner of Carolina and Florida streets garnered $65,425 in funds from the Center City Development Corp., and the partners behind the Loflin LLC were revealed.

TBI Darrius Stewart File Shows Questions About Second Fatal Shot

It was the second shot that killed Darrius Stewart, that most of the witnesses said they saw. And that was the shot several of them questioned.

City Council Ends Year With Busy Agenda

The last Memphis City Council meeting of 2015 came with few speeches from departing council members and a crowded agenda as well as a few leftovers the new council will have to deal with. It was a mix of a new Beale Street lease, seat backs for some Liberty Bowl bleachers, parking meters and the next phase of Graceland's expansion.

Plans Forming for Memphis’ First Food Hall

A norm on the East and West coasts – and an even older tradition in Europe and other international cities – indoor food markets are making their way to the Southeast in cities like Nashville, Atlanta, Little Rock and St. Louis.

Local Weather
Currently
Memphis, TN
44.0°F
Fair
Wind: Northeast at 4.6 mph
Humidity: 47%

EVENTS

The Center City Development Corp. board will meet Wednesday, Dec. 16, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

more events »

Council Approves $4M Loan for Belz’s Midtown Market

The mixed-use project at Union Avenue and McLean Boulevard got a $4 million federal boost with a proposal from developers Belz Enterprises and Harbor Retail Partners clearing the Memphis City Council Tuesday, Dec. 15.

American Adds Third Memphis-NYC Flight

American Airlines announced Tuesday, Dec. 15, that it would add a third daily flight between Memphis and New York. The Bluff City’s largest carrier will add the flight beginning March 3.

Proposed Used Car Lot In South City Draws Ire

An applicant seeking to operate a used car lot at 704 Vance Ave. will go before the Shelby County Board of Adjustment Wednesday, Dec. 16, in what seemingly would be a cut-and-dry affair with the BOA staff recommending conditional approval.

Thomas & Betts Parent ABB To Open New Mississippi Facility

Power and automation technology group ABB is bringing 300 jobs to Senatobia, Miss., with a recently announced manufacturing facility.

Starry Nights Making the Season Bright

Ornament-covered trees strung with twinkling lights are among the enduring symbols of the holidays for many people. And so it is with Shelby Farms Park, which through Dec. 27 is playing host to visitors coming to marvel at an abundant display of lights illuminating scores of trees as part of its annual Orion Starry Nights holiday display.

US Attorney Confirms ‘Comprehensive Review’ of Darrius Stewart Case

U.S. Attorney Ed Stanton says his office, the FBI and the U.S. Justice Department’s civil rights division are conducting a “comprehensive review” of the July fatal police shooting of Darrius Stewart.

NEWSMAKERS

Collison Joins Kemmons Wilson Insurance

Eric Collison has joined Kemmons Wilson Insurance Group as insurance sales manager. In his new role, Collison’s duties will include development and mentoring of the current and new sales force, marketing campaigns and initiatives, developing and fostering carrier relationships, and identifying new profitable areas for growth within the agency.

SPORTS

Going Small, Grizzlies Score Big Against Wizards

Before the game, Grizzlies coach Dave Joerger confirmed the lineup change that moved power forward Zach Randolph and swingman Tony Allen to the bench and installed forward Matt Barnes and guard Courtney Lee as starters – and left forward Jeff Green as a starter – wasn’t just a one-time whim while in Miami.

LOCAL COLUMNISTS

Memphis Lessons That Follow You Home

Every now and then events occur that seem small, routine, just part of the job until they collide with such force that they explode with meaning, renewing your work with a sense of purpose and change a job into a mission.

Office Gift Giving

It’s that time of year again. The time of year that you’re required to attend an awkward holiday party with your co-workers during the day. I’ve gotten the sense that most people mainly are looking forward to receiving any sort of holiday bonus and leaving work early for the day.

Next Evolution Of Social Media

This column is the fifth in an 11-part series on the Top Ten 2016 Marketing Trends. Check back for the remainder of the series and a deep dive into each of these trends.

STATEWIDE

Documents: Corker Had More Income Than Previously Reported

NASHVILLE, Tenn. (AP) — Documents released by the office of U.S. Sen. Bob Corker show the lawmaker earned millions more from investments than he originally reported.

New Law Will Increase Seat Belt Fines in Tennessee

NASHVILLE, Tenn. (AP) — Motorists who don't buckle up in Tennessee will soon face a stiffer fine.

Union Vote Certified at Volkswagen Plant in Tennessee

CHATTANOOGA, Tenn. (AP) — The National Labor Relations Board has certified the United Auto Workers win in a union vote among skilled workers at the Volkswagen plant in Tennessee.

Suspect in Nashville Councilman's Shooting Arrested in Mississippi

NASHVILLE, Tenn. (AP) — Nashville authorities say a man suspected in the November shooting of Metro Councilman Loniel Greene has been arrested in Mississippi after an unrelated incident.

NATIONAL BUSINESS

US Homebuilder Sentiment Slips in December

U.S. homebuilders are feeling slightly less confident about their sales prospects in coming months, though they remain positive overall that the housing market will continue to improve next year.

Howard Stern Announces 5-Year Deal With Sirius XM

NEW YORK (AP) — Much has changed for Howard Stern and SiriusXM since their first deal a decade ago — except for their desire to stay in business together.

Taylor Berger: Loflin Corner ‘One of the Most Exciting Projects’

The “entertainment destination” planned for the corner of Carolina and Florida streets garnered $65,425 in funds from the Center City Development Corp., and the partners behind the Loflin LLC were revealed.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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