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VOL. 131 | NO. 252 | Tuesday, December 20, 2016

$950M Deal Would Make Fred's No. 3 Nationwide

Memphis-based Fred’s Inc. has agreed to buy 865 Rite Aid stores from Walgreens Boots Alliance Inc. and Rite Aid Corp. for $950 million, which will make Fred's the third-largest drugstore chain nationwide.

County Commission Approves Specific Minority Contract Percentages

Shelby County Commissioners gave final approval Monday, Dec. 19, to a resolution that sets specific percentages for specific minority and other groups for getting a share of county government contracts.

Start Co. Accepting Applications for 2017 Accelerators

The Start Co. organization in Memphis is once again looking for a few good startups.

Chairman’s Circle Celebrates Successes While Keeping an Eye on the Future

Since the Greater Memphis Chamber launched the Chairman’s Circle in 2012, long-term goals have always been the driving force behind their ambitions.

Airport Authority Board Elects Cooper to 5-Year Term as Chairman

Pace Cooper has been elected chairman of the Memphis-Shelby County Airport Authority after serving as the body’s interim director for a year and a half.

Local Weather
Currently
Memphis, TN
82.0°F
Mostly Cloudy
Wind: Calm mph
Humidity: 67%

EVENTS

The Orpheum Theatre Group will screen “It’s A Wonderful Life” to benefit Mid-South Food Bank Tuesday, Dec. 20, at 7 p.m. at The Orpheum, 203 S. Main St. Tickets are free with a non-perishable food donation or $5 cash contribution for the Food Bank. Visit orpheum-memphis.com for details on where to drop off donations.

more events »

Last Word: Last Council Session of 2016, Minority Business and Frugal Growth

Winter's first day is behind us and has taken down another Monday at the same time. For some of us, this week before Christmas means Tuesday is time for a bowl game, the Boca Raton Bowl where the University of Memphis Tigers are playing far from the cold winds that blow at home. Ah, but they still think of home even if its only when the ice cubes clink against the sides of the glass of whatever they are having poolside. Never think you are beyond the reach of home.

CITY HALL

City Budget Season on the Way With Concerns

One of the highlights of 2016 for the Memphis City Council that took office in January with six new members was a budget season in which there were no significant changes in the proposal by Memphis Mayor Jim Strickland, who also took office in January.

Council Ends 2016 With Committee Changes

The last Memphis City Council meeting of 2016 marks the end of the first year of a four-year term of office for the 13-member body.

GOVERNMENT AGENDA

December 20 Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Dec. 20, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.

SMALL BUSINESS SPOTLIGHT

Frugal Home Finds Specializes In Upscale Furnishings, Customer Service

It all started with a $6 ladder bookshelf. Two years later, Frugal Home Finds’ 9,000-square-foot storefront is a cult classic for high-end furniture enthusiasts and designers in Memphis and around the Mid-South.

LOCAL COLUMNISTS

Follow These Guidelines To Innovate Well

A talk at the Back End of Innovation conference by 3M Healthcare’s Heather Webb discusses how the company manages to innovate in a complex business.

Friendraising: Two Examples of Success

As the year comes to an end, many of us are fortunate to receive invitations to events large and small. With Hanukkah falling on Dec. 24 there will be simultaneous celebrating by Jews and Christians this year. And even more will celebrate the New Year. Some events are family parties, work gatherings or faith celebrations. Others are fundraisers or “friendraisers” for nonprofit organizations or institutions.

STATEWIDE

Tennessee Electors Unanimously Vote for Trump for President

NASHVILLE, Tenn. (AP) – Tennessee's 11 presidential electors on Monday cast their ballots for Republican Donald Trump amid protesters demanding they stray from their legal obligation to support the candidate who carried the state.

REGIONAL NEWS

Analysis: Mississippi Public Pension Fund Faces Test After 2 Weak Years

JACKSON, Miss. (AP) – Lawmakers, county supervisors, mayors, school superintendents and college presidents should hope that the run-up in the stock market that began after Donald Trump's election continues.

ECONOMY

Yellen to College Grads: Best Job Market in Nearly a Decade

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Monday that college graduates are entering the strongest job market the country has seen in nearly a decade, and their degree is more important than ever.

AUTO INDUSTRY

GM to Temporarily Close 5 Factories as Car Inventory Builds

DETROIT (AP) – General Motors will temporarily close five factories next month as it tries to reduce a growing inventory of cars on dealer lots.

HEALTH CARE

Medicare Outpatients Risk Higher Bills for Some Procedures

WASHINGTON (AP) – You pay less for outpatient treatment than for a hospital admission, right? Not necessarily in the topsy-turvy world of Medicare billing, according to a government report.

Does a Doctor's Gender Affect Your Chance of Survival?

CHICAGO (AP) – What if your doctor's gender could influence your chance of surviving a visit to the hospital?

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
FORECLOSURE NOTICES 22 103 1,461
BUILDING PERMITS 218 906 17,513
BANKRUPTCIES 45 252 5,658
BUSINESS LICENSES 0 143 3,091
UTILITY CONNECTIONS 24 152 3,402
MARRIAGE LICENSES 38 158 1,846

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