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VOL. 133 | NO. 43 | Wednesday, February 28, 2018

AutoZone Selling 2 Businesses; Earnings Miss Street Forecasts

Memphis-based AutoZone Inc. is selling two of its business segments: Interamerican Motor Corp., a distributor of replacement parts for imported vehicles, and AutoAnything, an online-only retailer that specializes in accessories, performance and replacement parts.

ServiceMaster to Acquire Pest Control Company Copesan

ServiceMaster Global Holdings Inc. has entered into an agreement to purchase and combine its Terminix national account pest control operations with Copesan Services Inc., one of the largest commercial pest management companies in the U.S.

SNAPSHOT

Here’s Mud in Your Eye

Karla Burr, left, boxes up a few cupcakes for Shannon Little, a customer of Muddy’s Bake Shop. Muddy’s opened on Leap Day in 2008 in the Sanderlin Center. The operation started small, with recipes from the home kitchen of founder Kat Gordon, using mixing bowls from her home as well as garage-sale furniture.

Last Word: Corporate Moves, Hardaway on Strickland and Corker Is Out Again

It’s that time when corporate leaders go to their conference rooms – the ones with the Simon-looking conference call orb, with the colored lights taken out, in the center of the table. The attorneys sit next to the CEO to make sure he or she reads the prepared remarks carefully vetted by them and grow concerned as the time for questions nears. The figurative waters of the safe harbor are placid with all statements and forecasts of possible future action having their news hooks filed off by the legalese disclaimer.

Local Weather
Currently
Memphis, TN
87.0°F
Partly Cloudy
Wind: from the North at 13.8 gusting to 19.6 mph
Humidity: 51%

EVENTS

Chandler Reports’ Real Estate Review seminar will be held Thursday, March 1, from 3:30 p.m. to 5 p.m. in the Goldsmith Room at Memphis Botanic Garden, 750 Cherry Road. A panel of local real estate experts will provide insights on current market trends and topics, plus an outlook for the rest of 2018. Tickets are $10 for Chandler Reports subscribers and $15 for nonsubscribers and include refreshments and a post-seminar toast to celebrate Chandler Reports’ 50th anniversary. For more information or to reserve a seat, email wendy@chandlerreports.com or call 901-528-5273.

more events »

FedEx to Keep Discount Amid Calls for NRA Boycott

The day after FedEx Corp. released a statement saying that would continue to offer discounts to National Rifle Association members despite differing opinions on gun legislation, the Memphis-based company released a follow-up statement addressing the backlash.

Corker Stays Out of Senate Race

U.S. Sen. Bob Corker of Tennessee will remain on the sidelines and not get into the 2018 race for the Senate seat.

Sports Notebook: Tigers and Grizzlies Have This Much in Common: 18 Wins

The local basketball teams are streaking, but not in the same direction. The Memphis Grizzlies dropped their 10th straight game on Monday, Feb. 26, at Boston. They own an 18-41 record.

Orpheum Announces All-Musical Broadway Season

Patrons of The Orpheum Theatre’s Broadway series have known for more than a year the phenomenal Broadway musical “Hamilton” was coming to town in the summer of 2019.

MEMPHIS NEWSMAKERS

RBG Promotes Callicutt To Audit Partner

Accounting firm Reynolds, Bone & Griesbeck PLC recently promoted Joseph D. Callicutt Jr. to audit partner from the position of senior audit manager. Callicutt, a certified public accountant and 10-year RBG employee, works exclusively in the financial institutions industry niche and oversees audit, tax and consulting services, including outsourced internal audit, interest rate risk management, bank profitability and efficiency, and strategic planning facilitation for RBG’s financial institution clients. 

LOCAL COLUMNISTS

Treating Employees With Dignity

Part of my job is to work with professionals who have recently become unemployed. It’s incredible how many people are impacted by layoffs each day. Often, the person was let go due to something outside of their control. Their company reorganized and laid off an entire department. The employee had a great track record of loyal service.

Avoid These Gaffes in Your Advertising

The National Advertising Division (NAD) of the Council of Better Business Bureaus monitors national advertising in all media, examining claims made by companies in diverse industries. It accepts complaints from consumers, competitors and local BBBs.

Does Your PPC Measure Up?

For many reasons, 2017 proved to be an important year for all things data, and while the user interfaces for designing a pay-per-click (PPC) campaign may have changed little over the last year, the metrics behind such campaigns have increased notably.

TENNESSEE LEGISLATURE

State Lawmakers Propose Ban on Child Marriages in Tennessee

NASHVILLE, Tenn. (AP) – Two Democratic lawmakers are proposing a ban on child marriages in Tennessee.

STATEWIDE

Prosecutor: Cellphone, Speed Led to Fatal School Bus Crash

CHATTANOOGA, Tenn. (AP) – A Tennessee school bus driver was on his cellphone and driving 20 mph (30 kph) over the speed limit when he caused the crash that killed six elementary school students, a prosecutor said in court Tuesday.

US NEWS

Report: Inequality Remains 50 Years After Kerner Report

ALBUQUERQUE, N.M. (AP) – Barriers to equality are posing threats to democracy in the U.S. as the country remains segregated along racial lines and child poverty worsens, says a study examining the nation 50 years after the release of the landmark 1968 Kerner Report.

Report: Anti-Semitic Incidents Soar by 57 Percent in 2017

The Anti-Defamation League is reporting a 57 percent increase in anti-Semitic incidents in the U.S. last year, the highest tally that the Jewish civil rights group has counted in more than two decades, according to data it released Tuesday.

NATIONAL BUSINESS

Walmart Launching New Clothes Brands, As Target, Amazon Have

NEW YORK (AP) – Walmart is launching new private-label clothing brands, a move its rivals Target and Amazon have made as well.

Challenge to Murdoch: US Giant Comcast Also Bids for Sky

LONDON (AP) – Comcast, the owner of NBC and Universal Pictures, has launched a bid for European pay TV broadcaster Sky that threatens to thwart a rival offer by media mogul Rupert Murdoch' 21st Century Fox.

NATIONAL GOVERNMENT

Powell Says Outlook Strong, Signaling Gradual Rate Hikes

WASHINGTON (AP) – Federal Reserve Chairman Jerome Powell told Congress Tuesday that the outlook for the U.S. economy "remains strong" despite the recent stock market turbulence, keeping the central bank on track to gradually raise interest rates.

Pence: Trump 'Keeping His Word' on Abortion Opposition

NASHVILLE, Tenn. (AP) – Vice President Mike Pence is telling anti-abortion advocates that President Donald Trump is keeping his word on opposing abortion, calling him the "most pro-life president in American history."

Trump Urges Lawmakers to Buck NRA Every Once in a While

WASHINGTON (AP) – President Donald Trump declared he's willing to take on the National Rifle Association over gun legislation, but Republicans who control Congress aren't so sure. They prefer to consider only modest changes to firearms limits in response to the mass shooting at a Florida high school.

LEGAL AFFAIRS

Justices Look at How Older Law Applies to Internet Cloud

WASHINGTON (AP) – The Supreme Court on Tuesday explored what happens when a decades-old law meets 21st century technology.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
FORECLOSURE NOTICES 10 70 1,928
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762
BUSINESS LICENSES 23 184 4,083
UTILITY CONNECTIONS 22 166 4,847
MARRIAGE LICENSES 16 81 2,625

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