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VOL. 130 | NO. 59 | Thursday, March 26, 2015

Flurry of Fred’s News Includes Fourth-Quarter Loss

Fred’s Inc. reported a fourth-quarter loss Thursday, March 26, the day after announcing a major acquisition to its pharmacy network as well as the addition of several new executives.

Sparking Change

Lineup makes nonprofit conference a can’t-miss event

Memphis is not Silicon Valley. And the nonprofit sector is not the tech industry. But nonprofits could perhaps learn something from companies large and small that make Silicon Valley the tech epicenter.

Interactive Volunteer Program Launches in Memphis

A new program that launched this week in Memphis is built around bringing a big dose of innovation to local volunteerism.

School Leaders Concerned About Closing Disruptions

Orleans Elementary School closed last year and its 169 students were transferred to Lincoln Elementary School for the current school year.

Well-Known Names Host Strickland Fundraiser

At $1,500 per person or couple, a fundraiser Tuesday, March 24, for the mayoral campaign of Memphis City Council member Jim Strickland is an indication the campaign to the October city ballot is picking up in intensity.

Local Weather
Currently
Memphis, TN
38.0°F
Fair
Wind: South at 8.1 mph
Humidity: 65%

EVENTS

Chandler Reports will hold its Master Your Market: 2014 Year-in-Review on Thursday, March 26, from 3 p.m. to 4:30 p.m. at the Memphis Marriott East, 5795 Poplar Ave. The seminar will feature an in-depth analysis of local commercial and residential real estate trends, and a guest panel discussion. Cost is $10 for Chandler subscribers and $15 for nonsubscribers. Visit bit.ly/MasterYourMarket032615.

more events »

City Files Blight Suit Over Downtown Property

A building on a block that was meant to serve as an example of Downtown’s rebirth is in such bad condition that it is endangering adjacent properties, the city of Memphis claims in a new lawsuit.

Fred's Buys Pharmacy in $66 Million Deal

Fred's Inc. has signed an agreement to acquire Reeves-Sain Drug Store Inc., a private specialty and retail pharmacy company based in the Nashville area.

LOCAL COLUMNISTS

Is ‘Getting Rid of Public Schools’ Legislature’s Goal?

Are Tennessee’s public schools headed for extinction? Not if it’s up to Memphis teachers.

Utilizing Health Savings Accounts

Ray's Take: Health savings accounts turned 10 in 2014. These accounts, which allow individuals to set aside money for current or future health care costs on a tax-free basis, are an under-utilized tool that few of us take advantage of.

Cool Catt

The Honorable George Rose Smith is depicted in a John Deering wall-mounted bronze relief at the Central Arkansas Library System’s main branch. He’s in his robe, seated in front of a giant crossword grid. The inscription reads: “Wordsmith Extraordinaire – New York Times Crossword Puzzle Author – Arkansas Supreme Court Justice 1949-1987.”

Big Day Lived Up to the Hype

We have asserted since late 2014 that March 18th would mark the biggest day of 2015 as the Fed mapped out its medium-term interest rate policy.

STATEWIDE

Knox County Superintendent 'Surprised' By Hamilton Co. Suit

NASHVILLE, Tenn. (AP) – The superintendent of Knox County Schools said Wednesday that he's surprised Hamilton County and six Chattanooga-area school systems filed a lawsuit against the state over funding after what he thought was a productive meeting with the governor.

STATE GOVERNMENT

House Panel OKs Bill to Let Tennessee End Pre-K Funding

NASHVILLE, Tenn. (AP) – A House subcommittee has advanced a bill to allow Tennessee to cancel federal pre-kindergarten funding if a court were to rule that the program must be offered to all of the state's 4-year-olds.

Bill to Allow Charges for Public Records Searches Fails

NASHVILLE, Tenn. (AP) – A bill seeking to allow government agencies to charge for public records searches has failed in the House.

Legislation to Require K-5 Students to Participate in PE Class

NASHVILLE, Tenn. (AP) – Students in kindergarten to fifth grade would have to participate in a physical education class at least twice a week under legislation advancing in the House.

Bill Would Require Citizenship Test for Tennessee Students

NASHVILLE, Tenn. (AP) – Tennessee students would have to pass the U.S. citizenship and immigration services' civic test before getting a high school diploma under legislation advancing in the state House.

NATIONAL BUSINESS

HJ Heinz Buys Kraft To Build $28 Billion Food Giant

NEW YORK (AP) – Some of the most familiar names in ketchup, pickles, cheese and hot dogs are set to come under the same roof after H.J. Heinz Co. announced plans Wednesday to buy Kraft and create one of the world's largest food and beverage companies.

REAL ESTATE

Home Appraisal Comes in Below Your Sales Price, Now What?

Housing market trends bode well for sellers this spring, but some may encounter hurdles even after they land a buyer.

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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 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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