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VOL. 126 | NO. 58 | Thursday, March 24, 2011

Mays Sets Monday Hearing in Schools Suit

U.S. District Court Judge Hardy Mays has set a tentative Monday hearing in the schools consolidation lawsuit, hours before the Shelby County Commission is scheduled to appoint citizens to a 25-member countywide school board.

Green Power

TruGreen brings hybrid technology to lawn care vehicles

The familiar hum of the fertilizer tank and sprayer on TruGreen service trucks is about to fade out.

Schools Saga Arrives in Federal Court

What has 20 attorneys, one plaintiff, nine defendants, one counter defendant, five proposed interveners, four cross-counter claimants and five cross defendants?

Fred’s Sees 49 Pct. Increase in Net Income

Major operational improvements, expanded gross margins and fewer mark-downs marked Memphis-based Fred’s Inc.’s strong earnings in its fiscal fourth quarter.

FedEx Orders 4 Boeing 777s, for a Total of 17

CHICAGO (AP) Boeing Co. says cargo hauler FedEx has ordered four more of its 777s.

Local Weather
Memphis, TN
A Few Clouds
Wind: North at 8.1 mph
Humidity: 64%


The Alliance for Nonprofit Excellence will hold a workshop Thursday from 8:30 a.m. to noon at its office, 5100 Poplar Ave., suite 502. Participants will learn how their nonprofit organizations can put social networks to work to accomplish goals and objectives. Cost is $60 for members, $110 for nonmembers and $55 for those in the Program for Nonprofit Excellence.

more events »

Intellectual Property Grows At Wyatt Tarrant

This month alone, the intellectual property lawsuits have been flying.

Analysis Shows City Lost 90K Residents Last Decade

The area within the Memphis city limits lost 80,000 or more residents to outward movement during the past decade, the most recent census and birth-death numbers show.

DeSoto Population Jumps 50 Percent

Black and other minority residents moved to DeSoto County in significantly higher numbers than whites during the last decade, an analysis of census and birth-death numbers shows.

Grill Brings Taste Of Tokyo to Memphis

The owner of Tokyo Grill, a new eatery in the heart of East Memphis, is on a mission to serve up tasty Japanese fare to hungry Memphians fast and at an affordable price.

Construction Continues At Kroc Center Despite Changes

Construction continues on schedule at the multimillion-dollar Kroc Center of Memphis with a few structural changes.

Campbell Brings Fairness, Toughness to Deputy DA Role

When Shelby County District Attorney General Amy Weirich appointed John Campbell as the county’s deputy district attorney on Jan. 18, she called him, “fair, dedicated and tough.”

Turning Ideas Into Revenue

Welcome to this occasional series of columns on intellectual property, designed to provide the Greater Memphis business and entrepreneurial community with insights into this extraordinary asset – what it is, how it can be turned into revenue and strategies to minimize the risk and expense of legal challenges involving it.

Have a Belt for the Road!

“I’ve never unbuckled a dead man.”

Count Before You Leap

Ray’s Take: The economy is improving and the unemployment rate is starting to drop. You may be one of those employees who has worn more hats at work, possibly lost benefits and even taken pay cuts just hoping to keep your job. That might have you wondering if now is the time to start looking around for a new opportunity.


Steel Plant Closing in Harriman, 72 Jobs Lost

HARRIMAN, Tenn. (AP) – The closing of a steel mill in Harriman will mean the loss of 72 Tennessee jobs.

TVA Official Cites Business Value of Websites

UNION CITY, Tenn. (AP) – A Tennessee Valley Authority official says websites are critical to economic development.


GOP: Campaign Account is Conflict for Ex-Lawmaker

NASHVILLE (AP) – State Republicans are calling on former Democratic state Rep. Henry Fincher to resign from the Registry of Election Finance because he still owes his campaign account more than $34,000.

Civil Rights Icon Lewis Honored by Tenn. Lawmakers

NASHVILLE (AP) – Members of the Tennessee General Assembly took time to honor civil rights icon John Lewis.


New-Home Sales Plunged in February to Record Low

WASHINGTON (AP) – Sales of new homes plunged in February to the slowest pace on records dating back nearly half a century, a dismal sign for an already-weak housing market.


In Blow for BofA, Fed Rejects its Dividend Plan

NEW YORK (AP) – It was one more blow for Bank of America: the Federal Reserve didn't allow nation's largest bank to increase its dividends.

Showtime Spat With Netflix Displays Rivalry

LOS ANGELES (AP) – Amid an emerging rivalry between traditional pay TV operators and rising star Netflix Inc., CBS Corp.'s Showtime pay TV service confirmed Wednesday that back seasons of current original series like "Dexter" and "Californication" will not be available on Netflix's streaming service as of this summer.

Wells Fargo to Lay Off 200 Short-Term Workers

DES MOINES, Iowa (AP)Wells Fargo & Co. said Wednesday it is laying off 200 employees in its home mortgage division.


Bernanke Says Bank Overhaul Will Help Small Banks

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke told a group of executives from smaller banks Wednesday that the financial overhaul will level the playing field for them with the industry's giants.

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PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762

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