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VOL. 130 | NO. 39 | Thursday, February 26, 2015

Brewery Developers Acquire Butler Avenue Land

The team behind the development of the historic Tennessee Brewery has acquired a key piece of property adjacent to the long-vacant structure as plans for the new Brewery Revival series of events there move forward.

Coming Up Roses

Scott McCormick aims to keep Memphis Botanic Garden momentum in full bloom

Back in the 1970s, Scott McCormick was taking pictures of the Memphis Botanic Garden for the White Station High School yearbook.

Memphis in May Unveils Music Festival Lineup

Memphis in May International Festival has unveiled the lineup for the Beale Street Music Festival that will unfold over three days in May at Tom Lee Park. The event is expected to bring a crowd of more than 100,000.

ServiceMaster Posts 2014 and Fourth-Quarter Revenue Gains

Sales of new services at Terminix, the acquisition of Home Security of America Inc. and organic growth at American Home Shield prompted Memphis-based ServiceMaster Global Holdings Inc. to post increases in revenues Thursday, Feb. 26, for the year 2014 and the fourth quarter of the year.

Deadline Nears for Dunavant Awards Nominations

With less than a week for nominations, the Rotary Club of Memphis East is preparing to select the recipients of the annual Bobby Dunavant Public Servant Awards.

Local Weather
Currently
Memphis, TN
31.0°F
Mostly Cloudy
Wind: West at 4.6 mph
Humidity: 89%

EVENTS

The Daily News will host the 2015 Women & Business Seminar and panel discussion Thursday, Feb. 26, from 3:30 p.m. to 5 p.m. in the Brooks Museum auditorium, 1934 Poplar Ave. The seminar will be followed by a wine-and-cheese reception with the panelists. Visit seminars.memphisdailynews.com.

more events »

Shelby County Schools Board Moves Closer to State Funding Lawsuit

The Shelby County Schools board voted unanimously Tuesday, Feb. 24, to hire an attorney to work with Tennessee’s other major urban school systems in weighing a possible lawsuit against the state that would force full state funding of the Basic Education Program.

Harris’ Bill Faces Opposition From Memphis City Council Members

Legislation by Sen. Lee Harris requiring local governments to hold a referendum before they take on “extraordinary” debt could run into opposition from his own City Council and municipal leaders across Tennessee.

Neff Named Executive Director of Brooks Museum

The board of trustees of the Memphis Brooks Museum of Art has voted unanimously to name Emily Ballew Neff as the museum’s executive director.

LOCAL COLUMNISTS

Tax-Smart Investment Strategies

RAY’S TAKE: I’ve heard it said that it’s not what you make, it’s what you keep that counts. Taxes matter, and over time they matter a lot. Using tax smart investments can reduce the amount of taxes you pay while you are in your accumulation years and also impact taxes you pay after you retire.

Curtain Drawn on Bravermans’ Drama

If there’s one adjective that does not fit “Parenthood,” NBC’s six-season series that shuttered its doors in January, it’s symmetrical. Great show! I hate to see it go. But it was out of balance. Always! And delightfully so!

The ABCs of Decision Leadership

When we, as managers, delegate decision-making authority, we don’t delegate accountability because we cannot. And lest we forget, one bad decision, in the face of uncertainty, can destroy so much value.

MEMPHIS AREA

European Cruise Giant Viking Plans Mississippi River Tours

NEW ORLEANS (AP) – European river cruise giant Viking, already gaining a high profile in the United States with its sponsorship of popular PBS television shows, announced Tuesday that it will make New Orleans its first North American home port for Mississippi River cruises expected to begin by late 2017.

STATEWIDE

Auto Parts Supplier to Expand, Add 435 Jobs Over 5 Years

NEWPORT, Tenn. (AP) – Middle Tennessee auto parts supplier Unipres USA Inc. has announced plans for an expansion that will lead to 435 more jobs over the next five years.

STATE GOVERNMENT

Haslam Says He Didn't Discourage Enforcement at Hog Farm

NASHVILLE, Tenn. (AP) – Tennessee Gov. Bill Haslam says he would "never, ever" discourage regulators from enforcing environmental rules at a fellow Republican state lawmaker's hog farm.

NATIONAL BUSINESS

FAA: Southwest for Now Can Use Planes That Missed Inspection

DALLAS (AP) – Federal officials have agreed to let Southwest Airlines Co. keep flying planes that missed an inspection of a backup rudder system if the planes are checked in the next five days.

MetLife Will Pay Government $123.5 Million in Mortgage Settlement

NEW YORK (AP) – MetLife's home lending unit will pay $123.5 million to end an investigation into allegations it gave government-backed mortgages to people who didn't meet federal requirements.

NATIONAL GOVERNMENT

GOP Lawmakers Accuse Yellen of Playing Politics

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen has come under fire from House Republicans, who challenged the central bank's independence in her second day of testimony to Congress.

Senate Democrats Agree to GOP Plan to Fund Homeland Department

WASHINGTON (AP) – Senate Democrats on Wednesday signed onto a Republican plan to fund the Homeland Security Department without the immigration provisions opposed by President Barack Obama. The announcement by Senate Minority Leader Harry Reid put the Senate on track to pass the bill as a partial agency shutdown looms Friday at midnight.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 0 837 43,174
BANKRUPTCIES 48 288 14,190
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 0 139 13,650
MARRIAGE LICENSES 12 89 5,158

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