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VOL. 130 | NO. 43 | Wednesday, March 4, 2015

ABB Creating 200 Jobs in Memphis

ABB, which bought Memphis-based electrical components maker Thomas & Betts in 2012 for $3.9 billion, is expanding its Memphis-area footprint.

Rhodes Results

Capital campaign will fund scholarships, endowments and more

Capital campaigns are usually about buildings. And the just-completed capital campaign at Rhodes College includes a new science building that will break ground in the summer and complete the quadrangle of the private liberal arts college’s scenic campus.

Scripps Newspaper Revenue Continues Decline

The newspaper unit of The E.W. Scripps Co., parent company of The Commercial Appeal, saw its profit tumble in the fourth quarter to almost half of what it was a year earlier.

Council Delays Financial Votes, Approves Beale Street Authority

Memphis City Council members approved a $4.5 million advance Tuesday, March 3, for the Memphis Area Transit Authority to get past a cash flow problem.

Jones Clinic Founder Talks Cancer Treatments

Dr. C. Michael Jones is expecting some big advances this year in the fight against cancer.

Local Weather
Currently
Memphis, TN
53.0°F
Fair
Wind: Northeast at 10.4 mph
Humidity: 64%

EVENTS

Leadership Memphis will host its 2015 Leadership Awards Luncheon Wednesday, March 4, from 11:30 a.m. to 1 p.m. at the Hilton Memphis, 939 Ridge Lake Blvd. Awardees Pat Halloran, Brian Stephens and Methodist Le Bonheur Healthcare will be honored for empowering the community and making a positive impact in the Mid-South. Tickets are $50. Visit leadershipmemphis.org.

more events »

Memphis Industrial Portfolio Sells for $86.3 Million

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $86.3 million, one of the largest transactions ever recorded in the Memphis market.

Wharton's City Hall Shake-Up Has Ripples

The political timing of Memphis Mayor A C Wharton’s shake-up of his leadership team could have been worse – closer to the October city elections in which he is seeking a second full term.

Boyle Unveils New Office Building Design

Boyle Investment Co. is offering the first glimpse of the new office building the company is planning near Poplar Avenue and Shady Grove Road.

NEWSMAKERS

LEO Events’ Gigas Named Rising Star

Airika Wallace Gigas, director of sales for Memphis-based LEO Events, has been honored with the Association of Destination Management Executives International’s Rising Star Award, given annually to one outstanding meeting and event-planning professional. Gigas, a destination management certified professional, oversees sales and operations for LEO’s local clients and clients inbound in to Memphis. She manages a team of two and a part time team of 25 people.

LOCAL COLUMNISTS

Digital Marketing for All Generations

A few years ago when speaking to the Vancouver Board of Trade, Starbucks CEO Howard Schultz talked about the need for companies to use social media to build a “reservoir of trust” rather than just to sell more products.

MEMPHIS AREA

Chancellor Sought for Arkansas State University Mid-South

WEST MEMPHIS, Ark. (AP) – Arkansas State University and Mid-South Community College have started the search for a chancellor when the two merge later this year.

STATE GOVERNMENT

GOP Lawmakers: Challenge FCC Ruling on Broadband in Tennessee

NASHVILLE, Tenn. (AP) – The Federal Communication Commission ruled last week that cities like Chattanooga may expand their municipal broadband service, but Tennessee officials who oppose the decision are lining up to block the move.

Bill Would Restrict Where CCA Inmates Could File Lawsuits

NASHVILLE, Tenn. (AP) – A bill has been filed in the legislature that would prevent Corrections Corporation of America from being sued anywhere in the state except for the county where the private prison is operated.

270 Tennessee Supermarkets Expected to Sell Wine in 2016

NASHVILLE, Tenn. (AP) – Tennessee regulators expect 270 stores across the state to be among the first wave of supermarkets to sell wine under a new state law going into effect in July 2016.

NATIONAL BUSINESS

Auto Industry Slows for Bad Weather, But Stays on Course

DETROIT (AP) – February threw snowstorms and other roadblocks at the auto industry, but U.S. sales of new cars and trucks are still poised to hit their highest level in more than a decade this year.

Target Plans $2 Billion in Cost-Cutting Moves

NEW YORK (AP) Target Corp. plans $2 billion in cost cuts over the next two years through corporate restructuring and other improvements.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 61 17,604
MORTGAGES 68 68 20,494
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 183 183 35,999
BANKRUPTCIES 38 38 11,720
BUSINESS LICENSES 28 28 5,588
UTILITY CONNECTIONS 92 92 12,126
MARRIAGE LICENSES 25 25 4,382

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The Memphis News: Business, politics, and the public interest.