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VOL. 126 | NO. 78 | Thursday, April 21, 2011

First Horizon Reports Profitable Q1

Bryan Jordan, president and CEO of Memphis-based First Horizon National Corp., told his audience at Tuesday’s annual meeting that the parent of First Tennessee Bank is becoming “more efficient and nimble.”

Home Away From Home

Harrah’s Hope Lodge offers respite for out-of-town cancer patients

Before the American Cancer Society’s Harrah’s Hope Lodge opened its doors in early December, some adult patients traveling to Memphis for cancer treatment slept in their cars or – even worse – forewent treatment altogether for lack of an affordable place to stay.

Ex-Smith & Nephew Workers Push Back

Smith & Nephew now has to deal with countercomplaints filed by some of the nine employees the company fired last month after the company claimed they were planning to resign together, start their own company and use Smith & Nephew trade secrets.

Davis-Kidd Not Part of Winning Bankruptcy Bid

The future does not look good for Davis-Kidd Booksellers.

Riley is Mediator in Schools Lawsuit

Federal Judge Hardy Mays has appointed retired state appeals court judge Joe G. Riley as the mediator in the schools consolidation lawsuit.

Local Weather
Currently
Memphis, TN
40.0°F
Fair
Wind: Calm mph
Humidity: 60%

EVENTS

The Germantown Area Chamber of Commerce will hold a general membership luncheon Thursday at 11:15 a.m. at the Germantown Country Club, 1780 Kimbrough Road. Andrew Clarksenior of News Radio 600 WREC will speak. For reservations, call 755-1200.

more events »

Cuts Point To City’s Shaky Budget Plan

About this point three years ago, the current Memphis City Council – only four or five months in office – took the daring move of cutting the city’s property tax rate by 18 cents and cut funding to Memphis City Schools by $57 million.

Researcher Analyzes New Madrid Impact

Compared to California, the New Madrid Seismic Zone is one that isn’t willing to give up its secrets.

Kiesewetter Wise’s Rudnick Brings Dedication to Work

Since becoming a member at Kiesewetter Wise Kaplan Prather PLC in January, Elizabeth Rudnick has taken to maintaining her daily practice, while also contributing to the administrative side, quite well – even with two children, an attorney husband and dedication that extends past business hours.

Getting The IP Message

Editor’s Note: This is one of a series of occasional law columns on intellectual property. More often than I like to remember, I have found myself in the unenviable position of “bad news messenger,” particularly for entrepreneurs who handled their own patent, trademark or copyright applications without understanding the complexities and difficulties involved. My role as a counselor too often turns to one of consoler due to a client’s inexperience. Sometimes, though, I can remedy their problems, but at great cost.

Para-whoozit?

He intended to say, “I’m so glad to see you!” It came out “I’m so sad to see you!”

Forced Savings vs. No Savings

Ray’s Take: Aaaah! Are you experiencing that lightness of being that comes with finishing your taxes? Even better, are you eagerly anticipating a tax refund?

STATEWIDE

Nissan Headquarters to Celebrate Earth Day

FRANKLIN, Tenn. (AP) – Nissan will celebrate Earth Day on Wednesday with what it calls several first-ever employee events at its Nissan Americas headquarters in Franklin.

Tennessee Registry of Organ Donors Growing Fast

NASHVILLE (AP) – The Tennessee registry of organ donors is growing quickly.

STATE LEGISLATURE

Haslam Refocuses Economic Development, Lays Off 60

NASHVILLE (AP) – Gov. Bill Haslam is laying off 60 at the state Department of Economic and Community Development as part of an overhaul of the agency's mission.

Bill Would Allow Tenn. Judges to Carry Guns

NASHVILLE (AP) – A proposal that would allow Tennessee judges with certain training to carry a gun in the courtroom is headed for a full House vote.

Tenn. Sponsor Moves Ahead With Anti-Terrorism Bill

NASHVILLE (AP) – The Senate sponsor of an amended Tennessee proposal that seeks to prevent support for terrorist acts said Tuesday he's moving forward with the legislation despite opponents who say it's unnecessary and still unfairly targets Muslims.

NATIONAL BUSINESS

Poll: Finances Dictating College, Career Choices

WASHINGTON (AP) – No matter how many subjects they're acing, most college students these days find economics a grind. Tricky financial calculations influence everything from what school they attend and what major they choose to how quickly they finish their degrees – or whether they graduate at all.

Bank of America to Spin Off Private Equity Unit

NEW YORK (AP) – Bank of America Corp. is planning to spin off its private equity business by the end of the second quarter.

New DOT Rule Tackles Fees, Bumping, Flight Delays

DALLAS (AP) – Airlines will soon be required to refund bag fees if they lose luggage, and they'll pay travelers more for bumping them from a flight.

NATIONAL POLITICS

White House Considering Disclosure for Contractors

WASHINGTON (AP) – The White House says it's considering requiring companies pursuing federal contracts to disclose their campaign contributions.

Comprehensive Immigration Reform Probably Doomed

WASHINGTON (AP) — President Barack Obama revisited a key campaign promise when he hosted a White House meeting of elected officials and experts on immigration. But if a major overhaul of the nation's immigration policy is his goal, Republicans in Congress say he shouldn't hold his breath.

HEALTH CARE

Community Health Asks for Tenet Suit Dismissal

NEW YORK (AP) – Hospital operator Community Health Systems Inc. said Tuesday it has asked a U.S. district court to dismiss a lawsuit accusing the company of systematically bilking Medicare.

REAL ESTATE

Investors Drove Home Sales Up 3.7 Pct. in March

WASHINGTON (AP) – Investors lifted U.S. home sales last month, plunking down cash to grab cheap homes at risk of foreclosure. But purchases made by first-time homebuyers fell, a troubling sign for the weak housing market.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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