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VOL. 129 | NO. 246 | Thursday, December 18, 2014

Health Leaders: Improvement Possible

Tennessee’s place in the 2014 America’s Health Rankings makes one thing very clear: There’s a lot of room for improvement.

Holiday Rush

US Postal Service peak season underway

Marianne Avery has worked for the United States Postal Service for 30 years. In that three decades of service, Avery has pretty much seen it all, but for the veteran postal worker the week before Christmas remains a busy, beloved time of year.

Nearly 500 to Lose Jobs in Shelby County

Nearly 500 employees in Shelby County will lose their jobs by next June, including 210 at Cargill Inc. and 84 at Delta Airlines, according to the state Department of Labor and Workforce Development.

Southwest Adding Seasonal Baltimore Flight

Southwest Airlines is adding a seasonal second daily nonstop flight between Memphis International Airport and Baltimore-Washington International Airport to its summer schedule, which begins June 7.

Memphis, Fuente Agree on Extension

University of Memphis officials announced Thursday they have reached an agreement on a contract extension with football coach Justin Fuente.

Target, Cummins Awarded 15-Year Tax Breaks

Two companies won approval Wednesday, Dec. 17, for tax incentives for projects that will create around 1,200 jobs.

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.

St. Louis Fed Memphis Executive Retiring in 2015

Martha Perine Beard is retiring next year as regional executive of the Memphis branch of the Federal Reserve Bank of St. Louis.

Folk’s Folly Rebrands, Renames Butcher Shop

Folk’s Folly has finished rebranding and renovating the restaurant’s adjacent butcher shop that opened in 1989, a spate of activity that also included renaming the shop in honor of restaurant founder Humphrey Folk.

Discussion Remains in Schools Settlement

The Memphis City Council still has a pretty strong case that its approval of a settlement between the city and Shelby County Schools over a six-year-old funding dispute will be necessary at some point.

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.

LOCAL COLUMNISTS

Roth Conversion, Should You Do It?

Ray’s Take There’s been a lot of discussion in recent years about Roth accounts, specifically the Roth IRA and the Roth 401(k). Maybe you’re wondering if you should convert your own accounts but aren’t sure.

Curry Reunion

CHARLOTTE, N.C. – Friday night after Thanksgiving. Stephen Curry’s at the charity stripe. Swish! Golden State 18, Charlotte 10.

STATEWIDE

Hemlock Permanently Closing $1.2 Billion Plant in Tennessee

CLARKSVILLE, Tenn. (AP) – Hemlock Semiconductor Group is permanently closing its idled polysilicon plant in Clarksville, citing global trade disputes that have led to an oversupply of the compound used in solar energy panels.

Statewide Coalition Forms to Support Medicaid Plan

NASHVILLE, Tenn. (AP) – More than 80 business, health care and civic groups have formed the Coalition for a Healthy Tennessee to support Republican Gov. Bill Haslam's proposal to offer health coverage to more than 200,000 low-income Tennesseans.

STATE GOVERNMENT

Haslam Names Candice McQueen New Ed Commissioner

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam has named a top education official at Lipscomb University to be the next Education Department commissioner.

High Court to Decide on Secrecy of Execution Team

NASHVILLE, Tenn. (AP) – The Tennessee Supreme Court will hear arguments Thursday in a legal challenge from death row inmates that has already postponed two scheduled executions.

NATIONAL BUSINESS

FedEx Considering Baltimore Site for Distribution Hub

BALTIMORE (AP) – FedEx is considering whether to build a distribution facility at Sparrows Point, showing interest in the steel mill property.

NATIONAL GOVERNMENT

Fed Promises 'Patient' Approach to a Rate Increase

WASHINGTON (AP) – The Federal Reserve is edging closer to raising interest rates from record lows given a strengthening U.S. job market and economy. But it says it will be "patient" in determining when to raise rates.

Yellen: Push Unemployment Rate Lower to Spur Inflation

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen says she's prepared to let the unemployment rate fall from its current 5.8 percent to exceptionally low levels, saying doing so should help cause inflation to rise closer to the Fed's 2 percent target.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 97 140 16,020
MORTGAGES 95 145 18,537
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 323 323 32,794
BANKRUPTCIES 65 121 10,621
BUSINESS LICENSES 29 58 5,144
UTILITY CONNECTIONS 38 90 11,307
MARRIAGE LICENSES 23 60 3,833

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