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VOL. 125 | NO. 247 | Tuesday, December 21, 2010

Smith & Nephew to Add 100 Jobs in Memphis

Smith & Nephew Orthopaedics will increase its Memphis employee base by about 100 new jobs, or 5 percent, during the first quarter of 2011.

Fond Farewell

Longtime TDN employee Earnest Payne retiring

Earnest Payne, distribution manager for The Daily News, is retiring as of Dec. 31, completing a 22 1/2-year stint at the newspaper.

MCS Board Votes To Surrender Charter

The Memphis City Schools (MCS) board has approved surrendering the school system’s charter subject to a referendum by Memphis voters early in the new year.

CNBC Goes Local With FedEx Broadcast

It was a Memphis morning on CNBC’s “Squawk Box” program Monday, with FedEx founder Fred Smith guest hosting the show’s broadcast from Hangar 26 at FedEx’s SuperHub at Memphis International Airport.

Council Marks Year’s End With Full Agenda

Memphis City Council members end their year Tuesday with an agenda that includes final approval of the Power Center planned development in Hickory Hill.

Local Weather
Currently
Memphis, TN
47.0°F
Fair
Wind: South at 9.2 mph
Humidity: 52%

EVENTS

The Downtown Neighborhood Association will hold its holiday party Tuesday at 6 p.m. at Blue Monkey, 513 S. Front St.

more events »

Urban League Honors ‘Agents of Change’

With a panoramic view of city lights from the 33rd floor of the Clark Tower, 300 Memphians gathered Friday night to honor outstanding young minority professionals during the inaugural Agents of Change Awards Gala.

School Report Card Delayed Until January

The state is late – so late that long overdue data on adequate yearly progress (AYP) by students and the state report cards for schools will wait until a new administration takes office in Nashville.

Stratos Move Another Example Of Downtown Trend

While the future of the Downtown office market is hard to predict, there’s no doubt the persona of the submarket is changing.

Blackstone-Affiliated LLCs Buy Warehouses for $22M

4460 E. Holmes Road, Memphis, TN 38118, Sale Amount: $12.1 million -
BRE/EX TN Properties LLC, a limited liability company affiliated with New York City-based Blackstone Group, has bought a 449,600-square-foot warehouse at 4460 E. Holmes Road for $12.1 million.

What It Means: 10-Year Treasury Bond Increase

Bonds Away

GOVERNMENT AGENDA

Memphis City Council Agenda

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

STATEWIDE

Amazon.com Moving Ahead With Centers in SE Tenn

CHATTANOOGA (AP)Amazon.com has finalized its commitment to build new distribution centers that will create up to 1,400 jobs in Chattanooga and neighboring Bradley County.

70 New State Teachers Get National Certification

NASHVILLE (AP) – The National Board for Professional Teaching Standards has announced 70 new Tennessee teachers have earned National Board Certification in 2010.

HEALTH CARE

Community Health to Nominate Tenet Board Directors

FRANKLIN, Tenn. (AP)Community Health Systems Inc. said Monday it plans to nominate directors to Tenet Healthcare Corp.'s board at the hospital operator's 2011 annual meeting, as part of a push to take over its smaller rival.

Medtronic CEO William Hawkins to Retire in April

WASHINGTON (AP) – Medtronic said Monday that Chairman and CEO William A. Hawkins will step down in April after three years leading the world's largest medical device manufacturer.

REAL ESTATE

Wells Fargo to Modify 15K Option-ARM Loans in CA

LOS ANGELES (AP) – California Attorney General Jerry Brown says Wells Fargo Bank N.A. has agreed to modify adjustable-rate loans made to nearly 15,000 Californians by lenders that it acquired.

NATIONAL BUSINESS

Shoppers Crowd the Malls in Christmas Countdown

NEW YORK (AP) – Packed malls? Healthy gains in holiday spending? It's beginning to look at least a little like a pre-recession Christmas.

Report: Ernst & Young May Face Civil Fraud Charges

NEW YORK (AP) – Accounting firm Ernst & Young LLC may face civil fraud charges in New York for its alleged role in the demise of Lehman Brothers, according to a report.

US Gas Demand Should Fall for Good After '06 Peak

NEW YORK (AP) – The world's biggest gas-guzzling nation has limits after all.

NATIONAL POLITICS

Dems: Congress Will OK Aid for 9/11 Responders

WASHINGTON (AP) – New York's two senators said Monday that the votes are there for Congress to approve a scaled-back bill providing extra benefits to emergency workers who responded to the attacks on the World Trade Center.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 490 20,766
MORTGAGES 131 556 24,361
FORECLOSURE NOTICES 6 61 8,610
BUILDING PERMITS 294 1,204 42,337
BANKRUPTCIES 63 348 13,902
BUSINESS LICENSES 18 97 6,401
UTILITY CONNECTIONS 41 216 13,511
MARRIAGE LICENSES 14 78 5,069

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