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VOL. 126 | NO. 62 | Wednesday, March 30, 2011

Groceries Closer to Possible Wine Sales

Wine sales in Tennessee’s grocery stores are one step closer to reality.

Engaging Students

New tools like the iPad could revolutionize education

The second in a series about how the iPad is revolutionizing local business.

Baptist On Verge Of Unveiling Cardiac Suite

Baptist Memorial Hospital-Memphis is putting the finishing touches in its new, state-of-the-art cardiac hybrid suite, which will be used to treat patients with conditions such as coronary blockages and congenital heart defects.

Cash Says New Contract Solidifies Reform Decision

For Memphis City Schools superintendent Dr. Kriner Cash, his two-year contract extension – approved Monday night – is an endorsement of his reform agenda and more time to work on that agenda in a shifting political environment.

Harahan Boardwalk Backers Plan Return to Omaha

The Memphis group working with Union Pacific Corp. to build a bike and pedestrian boardwalk across the Mississippi River will be at the railroad’s Omaha, Neb., headquarters next month.

Local Weather
Currently
Memphis, TN
41.0°F
Light Rain
Wind: East at 13.8 mph
Humidity: 96%

EVENTS

The Small Business Chamber and Talk Shoppe will present “The Mastermind Principle: From the Book ‘Think and Grow Rich’ by Napoleon Hill” Wednesday from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

Buyer Set To Acquire Hardy Bottling Plant

City Brewing Co. LLC, which has production facilities in La Crosse, Wis., and Latrobe, Pa., is planning to buy the assets of Hardy Bottling Co. in Memphis for $30 million and to invest additional money in the facility over the next five years.

Weatherington Pens New Chapter at Summerall Electric

Holli Weatherington has joined Summerall Electric Co. Inc. as president and chief executive officer.

Unleashing an Army of Brand Ambassadors

One in three small businesses uses some sort of social media, according to a recent University of Maryland study. A much smaller percentage, however, have figured out what role their employees will play in that strategy.

As the Lens Shifts, Opportunities Arise

The S&P 500 has risen 4 percent from its recent March trough and is now only 2 percent below its closing high for the year reached in February. Many might be curious as to how the U.S. stock market can rise in the midst of a massive economic and humanitarian crisis in Japan, which comprises almost 9 percent of global economic output.

Hidden Talents Pay Dividends

Do you really know your team and their capabilities? Do you understand what kind of work they like to do best? Could their hobbies or avocations come into play in your workplace? Are there skills they’d like to further develop? And how much better could your company function if you took the time to consider these things?

NATIONAL BUSINESS

Inflation Worries Push Consumer Confidence Lower

NEW YORK (AP) – Rising prices at the gas pump and in grocery aisles are starting to crimp shoppers' outlook.

NATIONAL POLITICS

US Proposes Exemption for Mortgage Securities

WASHINGTON (AP) – Federal regulators are proposing to exempt certain mortgages from new rules aimed at getting banks to take on more risk when package and sell mortgage investments.

Fed to Name Banks That Drew Emergency Loans

WASHINGTON (AP) – The Federal Reserve plans to release documents on Thursday identifying banks that received Fed loans to survive the financial crisis.

Auditor: Financial Overhaul Law Cost $1B Per Year

WASHINGTON (AP) – The financial overhaul law that President Barack Obama and Democrats enacted last year will cost nearly $1 billion to implement this year, according to Congress' chief auditor.

GOP Shifts Strategy on Housing Market Overhaul

WASHINGTON (AP) – House Republicans plan to introduce eight bills on Tuesday that would each take a small step toward pushing taxpayer-backed mortgage giants Fannie Mae and Freddie Mac out of business, according to congressional aides and lobbyists.

REAL ESTATE

Home Prices Falling in Most Major US Cities

NEW YORK (AP) – Home prices are falling in most major U.S. cities, and the average prices in four of them are at their lowest point in 11 years. Analysts expect further prices declines in most cities in the coming months.

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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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