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VOL. 129 | NO. 245 | Wednesday, December 17, 2014

From Sweden to Memphis

Furniture retailer Ikea to open in 2016

Swedish retail giant Ikea will open a 225-employee store in the Wolfchase Galleria area in 2016.

FedEx Reports 23 Percent Earnings Boost

FedEx on Wednesday, Dec. 17, reported net income of $616 million for the September-November quarter, a 23 percent increase from $500 million in the same period last year but slightly below Wall Street estimates.

Grizzlies Halt Golden State’s Streak

For the starters, the best part of Tuesday night’s statement win at FedExForum came while they were on the bench.

Beale Street Authority Takes Shape

A new tourism development authority being proposed for the Beale Street entertainment district would not replace the Beale Street Development Corp.

Wharton and Schools Settle Six-Year Funding Dispute Without Council

It appears Memphis Mayor A C Wharton Jr. and the Shelby County Schools board have settled the six-year dispute over city funding for schools without the Memphis City Council.

Local Weather
Currently
Memphis, TN
58.0°F
Fair
Wind: Southeast at 3.5 mph
Humidity: 78%

EVENTS

The Center City Development Corp. board will meet Wednesday, Dec. 17, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

more events »

City Council Approves Pension Changes

Memphis City Council members put to rest Tuesday, Dec. 16, at least the City Hall portion of the debate about city employee benefits and the liability of those benefits by approving changes to the city’s pension plan.

Tanger Outlets Involved in Southaven Project

A major player in the development of outlet malls has jumped on board the long-planned effort to build a massive outlet mall in Southaven.

Clean Pathways Revives City Anti-Blight Effort

The city’s anti-blight contracts with nonprofit groups are back under new terms.

Paragon Turns In Positive Third Quarter

Partly driven by an uptick in loans, Memphis-based Paragon Bank turned in another positive showing during the third quarter, with year-to-date pre-tax earnings 35 percent higher than in the first three quarters of 2013, the bank said.

NEWSMAKERS

Greenfield Voted to Lead Veterinary Dental College

Dr. Barden Greenfield has been unanimously voted president-elect for the American Veterinary Dental College. In 2009, Greenfield started Your Pet Dentist, the umbrella that incorporates his involvement in Memphis Veterinary Specialists, Nashville Specialists and the Animal Emergency and Specialty Clinic of Little Rock. He has been on the AVDC board for three years, serving as chair of the PR Committee and as a member of the Credentials Committee.

LOCAL COLUMNISTS

Ad Retargeting May Spoil Holiday Surprise

When you shop Amazon for a product and then see that same product in a Facebook ad days later, it is certainly not a coincidence. It is a marketing strategy called ad retargeting, and it is dominating online advertising.

Fear Drives US Stocks Higher

In 2014, more than 600 hedge funds have disbanded. Even accounting for the carnage of 2009, this amounts to a record pace of “smart money” failures. In the more pedestrian mutual fund realm, active money managers are having their worst year of relative performance ever.

STATE GOVERNMENT

Panel Hears Testimony on EPA Regulations

NASHVILLE, Tenn. (AP) – A Tennessee Republican senator has joined lawmakers in other states who have filed legislation that seeks to curtail federal regulation.

NATIONAL BUSINESS

Southwest Bag Workers Picketing Over Flight Delays

DENVER (AP) – Saying Southwest Airlines is neglecting workers and its customers, baggage handlers are bringing attention to the company's slide in on-time performance as they seek a new contract.

Ex-Employees Sue Sony Pictures Over Hacked Personal Details

NEW YORK (AP) – Two former employees of Sony Pictures Entertainment are suing the company for not preventing hackers from stealing nearly 50,000 social security numbers, salary details and other personal information from current and former workers.

T-Mobile to Let Customers Carry Over Unused Data

NEW YORK (AP) – T-Mobile will now let customers carry over their unused cellular-data allotments.

TECHNOLOGY

Robin Williams Tops 2014 List of Google Searches

SAN FRANCISCO (AP)Robin Williams' suicide seared into the world's collective mindset more than anything else this year, based on what people were searching for on Google.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 296 17,839
MORTGAGES 83 360 20,786
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 161 671 36,487
BANKRUPTCIES 46 192 11,874
BUSINESS LICENSES 16 96 5,656
UTILITY CONNECTIONS 28 175 12,208
MARRIAGE LICENSES 32 92 4,449

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