» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 127 | NO. 22 | Thursday, February 2, 2012

Former French Quarter Hotel to Become Comfort Suites

Two new local owners are under contract to convert the former French Quarter Suites Hotel in Midtown’s Overton Square district to a Comfort Suites in a $6 million project.

Tried and True

Palmer Brothers celebrates 100 years of success

For 100 years, Palmer Brothers Inc. has operated in a conservative manner with repeat business from clients that share the same philosophy.

Smith & Nephew to Cut 7 Pct. of Workforce

Smith & Nephew Thursday, Feb. 2, announced it will reduce its global workforce by 7 percent over the next three years. The announcement was made when the company announced fourth quarter earnings that exceeded analysts’ estimates in what’s been a formidable year for the medical device industry,

Sides Firm on Annexation but Stand Down

A year after the Memphis City Council and Republican state legislators from Shelby County had their first race to see who could pass their school consolidation measures first, there is hesitancy on both sides to stage a second political drag race on annexation.

MBA To Spend Year Educating Public on Law

The Memphis Bar Association is gearing up for a major public outreach program in the form of an educational campaign.

Local Weather
Currently
Memphis, TN
36.0°F
Fair
Wind: Northeast at 9.2 mph
Humidity: 64%

EVENTS

The 25th Rhodes Institute on the Profession of Law will be held Thursday, Feb. 2, from 3 p.m. to 5 p.m. in the McCallum Ballroom of the Bryan Campus Life Center on the Rhodes campus. The program will overview the civil liability organizations face when child sexual abuse accusations surface and will examine recent cases. For more information or to register, visit www.alumni.rhodes.edu/lawinstitute.

more events »

Memphians Take Plunge for Special Olympics

Special Olympics athletes and their supporters will plunge into the chilly waters of the Mississippi River Saturday, Feb. 4, to raise money for the organization’s Greater Memphis chapter, which provides year-round sports training and athletic competition for children and adults with intellectual disabilities.

Grizzlies Get Back to Old Selves With Win

One night earlier, their coach had rightly accused them of “not working.” So it was only fitting that on this night the Grizzlies had to literally work overtime to stop a four-game losing streak and find their misplaced pride.

MEMPHIS LAW TALK

Parham Focuses Practice On Estate Law Complexities

Estate law has become so complex that what an attorney calls his or her practice in the field has to have a certain precision.

LOCAL COLUMNISTS

Consider Student Loan Debt Carefully

Ray’s Take Student loan debt in this country now totals over $920 billion; that out-distances total credit card debt by $120 billion. Even more alarmingly, this is a 10,000 percent increase in a mere 14 years. That’s a huge headwind for young people who are just starting to find their financial footing.

Author Rosenfelt as Witty as His Novel’s Characters

In the last two columns, I’ve let it be known that I am reading the novels of David Rosenfelt in order. I’ve provided teaser-type blurbs for the first five: “Open and Shut,” “First Degree,” “Bury the Lead,” “Sudden Death” and “Dead Center.” Since last week’s column, I’ve read No. 6, “Play Dead” (2007), and started “New Tricks” (2009).

MEMPHIS AREA

AP: Lisa Marie Presley Talks About New Exhibit

MEMPHIS (AP) – There's a glass case in a room on Graceland's first floor that holds a small white fur coat, a photo album of Elvis Presley's family and a blue record player used by his daughter, Lisa Marie.

STATEWIDE

University of Tennessee Gets New Slogan

KNOXVILLE (AP) – The University of Tennessee has a new branding campaign: "Big Orange. Big Ideas."

STATE GOVERNMENT

Lawmakers Discuss Bills to Reduce Tenn. Sales Tax

NASHVILLE (AP) – The Republican sponsor of a proposal to reduce the sales tax on groceries in Tennessee said Wednesday he's open to working with Democrats who have a similar measure if it would help the legislation's passage.

NATIONAL BUSINESS

American Airlines Aims to Cut 13,000 Jobs

DALLAS (AP) – The parent of American Airlines wants to eliminate about 13,000 jobs – 15 percent of its workforce – as the nation's third-biggest airline remakes itself under bankruptcy protection.

US Auto Sales Rise in January, Led by Chrysler, VW

DETROIT (AP) – U.S. auto sales are off to a strong start this year, continuing their brisk pace from late 2011.

Manufacturing Expands at Fastest Pace Since June

WASHINGTON (AP) – U.S. factories grew in January at the fastest pace in seven months, boosted by a rise in new orders. And builders ended a poor year for construction by spending more on homes and projects for the fifth straight month.

NATIONAL GOVERNMENT

Treasury Exploring New Types of Debt Securities

WASHINGTON (AP) – The Treasury Department is exploring the idea of issuing two new types of securities as a way of expanding the government's means of financing operations.

Obama Details Broader Housing Plan

FALLS CHURCH, Va. (AP) – President Barack Obama called on Congress Wednesday to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. He conceded that his administration's housing plans so far have not lived up to their promise.

REAL ESTATE

Builders Step Up Spending for Fifth Straight Month

WASHINGTON (AP) – Builders increased their spending in December for the fifth consecutive month, ending a weak construction year on a hopeful note.

SPORTS

Fuente Hires Tim Billings as Memphis' D-Line Coach

MEMPHIS (AP) – Memphis coach Justin Fuente has completed his staff by hiring former Wake Forest assistant Tim Billings as the Tigers' new defensive line assistant.

NBA Average Ticket Prices Up, 1st Time in 3 Years

CHICAGO (AP) – The NBA's average ticket price increased for the first time in three years, up 1.7 percent to $48.48, the Team Marketing Report said Wednesday in its annual survey.

TECHNOLOGY

Status Update: Facebook to Go Public, Raise $5B

NEW YORK (AP) – Facebook made a much-anticipated status update Wednesday: The Internet social network is going public eight years after its computer-hacking CEO Mark Zuckerberg started the service at Harvard University.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 35 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

Weekly Edition

Issues | About

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