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VOL. 133 | NO. 46 | Monday, March 5, 2018

Positive Clinical Trial Results On Enobosarm Spike GTx Stock

Shares of Memphis-based drug maker GTx Inc. closed 38 percent higher Monday, March 5, on clinical trial results that show its enobosarm drug reduced episodes of urge incontinence by 68 percent in female patients who experienced UI and stress urinary incontinence (SUI).

Tigers’ Martin Second-Team All-AAC Selection

University of Memphis junior guard Jeremiah Martin was named to the American Athletic Conference second team Monday, March 5, following a breakout season in which the former Mitchell High star led the conference in scoring.

Tigers Finish Regular Season with Win over ECU

The Memphis Tigers wrapped up the No. 5 seed in this week’s American Athletic Conference Tournament by thumping East Carolina 90-70 Sunday afternoon at FedExForum.

The Week Ahead: March 5-11, 2018

Good morning, Memphis! Daylight Saving Time is just around the corner, but you don’t have to sit around waiting to “spring forward” next Sunday. From defying gravity at “Wicked” to creating a ChalkFest masterpiece, here’s our list of things to do in The Week Ahead....

Council and Commission Talk Pre-K and Workforce Development

When 20 of the 26 Memphis City Council members and Shelby County Commissioners got together Thursday, March 1, at Beale Street Landing, the idea of county government providing funds to expand access to prekindergarten got resistance on the county side.

Local Weather
Currently
Memphis, TN
82.0°F
Mostly Cloudy
Wind: from the Southwest at 16.1 gusting to 23.0 mph
Humidity: 79%

EVENTS

Memphis Heritage Inc. will present its 2018 Preservation Film Series Mondays March 5-26 from 7 p.m. to 8:30 p.m. at Howard Hall, 2282 Madison Ave. Join Memphis Heritage each Monday in March to view a preservation issue captured on the big screen, followed by a discussion with local experts who bring the topic home to Memphis. Registration for the four-part series is $50 for members and $75 for nonmembers. Visit memphisheritage.org for the lineup and details.

more events »

City & State Stretches Its Reach

'Location 1.5' is Cafe Brooks, located inside the Memphis Brooks Museum of Art

The team behind the Broad Avenue coffee-and-retail concept City & State has exported it to Midtown, with an iteration that co-owner Lisa Toro describes as not quite a second location, more of a “1.5.” The cafe space inside the Memphis Brooks Museum of Art is now being managed by City & State. It’s an expansion of a partnership between the museum and Toro, who led the redesign and launch of the Brooks Museum Store in November. The museum’s cafe is now Cafe Brooks by City & State.

Around Memphis: March 5, 2018

The Daily News offers a weekly roundup of Memphis-related headlines from around the web, adding context and new perspectives to the original content we produce on a daily basis. Here are some recent stories worth checking out...

Last Word: Tiger Roller Coaster, The Promenade and "In The Streets of Memphis"

No one realistically would say the days of basketball being the city’s dominant sports are over and done with. Not with the Tigers and the Grizz together. But basketball in Memphis is certainly on a roller coaster ride for both franchises and most of it decidedly downhill in the current seasons. But it’s hard to tell what comes at the end of such journeys. Maybe the ups and downs of both teams are more noticeable because of the upward trajectory of Tigers football.

SNAPSHOT

Ginning Up Interest

Exhibitors polished up their farm equipment for display at the 66th Annual Mid-South Farm & Gin Show held over the weekend at the Memphis Cook Convention Center. The event featured workshops, demonstrations and speakers as well as the AgLaunch Start-up Station with startup mentors, technology showcases, “fireside chats” with special guests and startup pitches from agtech entrepreneurs.

REAL ESTATE RECAP

Lake District, Raleigh Springs Town Center Moving Forward with Transformative Projects

3536 Canada Road, Lakeland, TN 38002 -
On the same day that the last piece of the old Lakeland Factory Outlet Mall was torn down, the city’s 160-plus-acre mixed-use Lake District project celebrated another milestone – its first tenant.

THE MEMPHIS NEWS

Editorial: Overton’s Claim in the 21st Century

In relation to the piece of ground laid off and called the Promenade, said proprietors say that it was their original intention, is now, and forever will be that the same should be public ground for such use only as the word imports … and it is hereby expressly declared in conformity with such intention, that we, for ourselves, heirs and assigns, forever relinquish all claims to the same piece of ground called the Promenade for the purpose above mentioned.”

Heir on the Side of Caution

How a 200-year-old covenant has shaped some of Memphis’ most iconic real estate

The closest and best parcel of land for a second convention center hotel in Downtown Memphis is the Mud Island parking garage. It’s a block away from the Memphis Cook Convention Center and is the first site that came up when a Denver developer approached the city last year about possibly building such a hotel.

This Week In Memphis History: March 2-8

2008: On the front page of The Daily News, a rogue commodities trader at the Memphis regional office of MF Global Ltd. rings up $141.5 million of losses in just a few hours, costing the company almost a fifth of its market value.

LAST WEEK'S MOST POPULAR

Lake District Announces First Tenant

It was a symbolic day for Lakeland. On the same day that the last piece of the old Lakeland Factory Outlet Mall was torn down, the city’s 160-plus-acre mixed-use Lake District project celebrated another milestone – its first tenant.

AutoZone Selling 2 Businesses; Earnings Miss Street Forecasts

Memphis-based AutoZone Inc. is selling two of its business segments: Interamerican Motor Corp., a distributor of replacement parts for imported vehicles, and AutoAnything, an online-only retailer that specializes in accessories, performance and replacement parts.

ServiceMaster to Acquire Pest Control Company Copesan

ServiceMaster Global Holdings Inc. has entered into an agreement to purchase and combine its Terminix national account pest control operations with Copesan Services Inc., one of the largest commercial pest management companies in the U.S.

Kambs Tasked With Growing Commercial Arm of Terminix

ServiceMaster Global Holdings Inc. announced Tuesday, Feb. 27, that it will be purchasing one of the country’s largest commercial pest control operations and combining it with its Terminix brand.

Not Your Father’s Office Building

Clark Tower Upgrades Are More Than Cosmetic

2017 was a big year for Clark Tower, with more than $9 million in physical improvements. But perhaps one of the biggest changes to the 34-story East Memphis office tower, located at 5100 Poplar Ave., is a change in perception.

MEMPHIS AREA

Members of Congress Lay Wreath at Site of King Assassination

MEMPHIS – About a dozen Democrats and Republicans prayed and sang "Amazing Grace" during a solemn ceremony Friday at the site where the Rev. Martin Luther King Jr. was assassinated nearly 50 years ago, marking the start of a three-day congressional "pilgrimage" to sites with ties to the civil rights era in the South.

Airline Now Has Flights From Jackson, Tennessee to Atlanta

JACKSON, Tenn. (AP) — An airline is now offering flights from a Tennessee city to Atlanta.

STATEWIDE

Volkswagen Tennessee Plant to Idle Production for 2 Weeks

CHATTANOOGA, Tenn. (AP) — Volkswagen will idle a Tennessee plant for two weeks this spring, amid slowing demand for its Passat sedan.

NATIONAL GOVERNMENT

Trump Leaves Lawmakers Hanging on Gun Priorities

WASHINGTON (AP) — In his quest to tackle gun violence, President Donald Trump has ricocheted between calling for tougher laws and declaring his fealty to the Second Amendment's right to bear arms, leaving a trail of befuddled lawmakers and advocates in his wake.

NATIONAL BUSINESS

Only 13 NRA Members Used Discount Delta Withdrew

ATLANTA (AP) — The latest on Georgia lawmakers' decision to punish Delta Air Lines for cutting ties with the National Rifle Association (all times local):

US NEWS

Bill Allowing Drunken Driving on Private Property Killed

RICHMOND, Va. (AP) — A Senate bill that would have allowed Virginians to drive drunk on their private property was killed unanimously by a House subcommittee Friday after an outcry from traffic safety advocates.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
FORECLOSURE NOTICES 10 70 1,928
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762
BUSINESS LICENSES 23 184 4,083
UTILITY CONNECTIONS 22 166 4,847
MARRIAGE LICENSES 16 81 2,625

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