VOL. 129 | NO. 23 | Tuesday, February 4, 2014
Memphis-based International Paper posted lower-than-expected profits in fourth quarter 2013, in part from a write-down on the value of its xpedx distribution business.
Super Bowl ads go beyond traditional to tell story
It’s official. Super Bowl advertising is no longer a one-night event. The marketing strategies that reigned supreme in Super Bowl XLVIII took the better part of January to accomplish and are still unfolding online even this week.
An unusually strong fourth quarter helped push the overall Memphis office market occupancy rate into positive territory for 2013, according to year-end commercial real estate market reports.
Memphis City Council members get their first public detailed look Tuesday, Feb. 4, of an “urban renewal” plan for the Raleigh Springs Mall.
University of Memphis interim President Brad Martin says the premise that students coming out of high school are academically unprepared for higher education may not be as prevalent as it’s believed to be. And he adds that the university’s experience indicates students leave without graduating because of other factors.
Legacy Wealth Management is starting 2014 with a handful of new faces and a move to a new office soon.
Shelby County Commissioner Steve Mulroy considered a bid for Shelby County mayor for the second time in a year and Monday, Feb. 3, pulled a qualifying petition to enter the Democratic primary just more than two weeks before the filing deadline for candidates in the May 6 county primaries.
As a brass band leading a lunch-hour parade on Beale Street last Friday passed Handy Park, a crew wearing the district’s new uniforms for maintenance workers were taking down the Performa Entertainment sign outlining the ground rules for the park area.
University of Memphis forward David Pellom did not play Saturday, Feb. 1, at SMU because of a sore left knee. He did not practice Monday because of the knee, and Tigers coach Josh Pastner called Pellom “questionable” for the Tuesday, Feb. 4, game at FedExForum against Rutgers.
The Memphis City Council will meet Tuesday, Feb. 4, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.
REAL ESTATE RECAP
4789 Cromwell Ave., Memphis, TN 38118, Permit Cost: $16 million -
It’s not all about you.
WASHINGTON (AP) – U.S. manufacturing barely expanded last month as cold weather delayed shipments of raw materials and caused some factories to shut down.
DETROIT (AP) – Auto sales slid 3 percent in January as bouts of snow, ice and frigid temperatures in much of the country kept buyers snug in their homes instead of venturing out to car dealers.
WASHINGTON (AP) – Treasury Secretary Jacob Lew says he will start using emergency measures after Feb. 7 to avoid a first-ever default on the national debt. He says he expects to exhaust those measures quickly.
British medical technology company Smith & Nephew plans to buy U.S. medical device maker ArthroCare in a $1.5 billion deal that it says will strengthen its sports medicine business.
WASHINGTON (AP) – U.S. construction spending rose modestly in December, slowing from healthy gains a month earlier.