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VOL. 126 | NO. 79 | Friday, April 22, 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.”

Long and Winding Road

Veterans Parkway plan spans 13 years, 3 mayors

When Millington leaders gathered in a field off Navy Road earlier this month, the city’s current mayor, Richard Hodges, and his two predecessors were together for a project in which all three played a major role.

MBIN Signs New Lease At Bellbrook Park

A Memphis-based wholesaler of collectable items has signed a new industrial lease in the Southwest submarket.

After Bankruptcy Auction, Davis-Kidd Likely To Close

Attorneys for The Joseph-Beth Group, parent company of Davis-Kidd Booksellers, have filed a notice with the U.S. Bankruptcy Court for the Eastern District of Kentucky giving a brief run-down of Wednesday’s auction of the bankrupt book chain.

Education Realty Trust Posts Net Income Growth in Q1

Memphis-based Education Realty Trust Inc. showed same-community net income operating growth of 4.3 percent in the first three months of 2011 compared to the first quarter of 2010.

Local Weather
Currently
Memphis, TN
55.0°F
Mostly Cloudy
Wind: South at 10.4 mph
Humidity: 38%

EVENTS

The Small Business Chamber Breakfast Club will meet Friday from 7:30 a.m. to 9 a.m. at Office Suites Plus, 6000 Poplar Ave., suite 250. Cost is free to members and first-time guests and $10 for returning guests. For more information, call Melody Douglas at 261-5400.

more events »

Air Transport International Resumes MEM Service

Air Transport International is resuming cargo service at Memphis International Airport in May.

Sales Improve at Thomas & Betts

One day after Thomas & Betts Corp. announced layoffs at its Clinton, Iowa, plant, the manufacturer Thursday reported an increase in consolidated sales and net earnings per share during the first quarter of 2011.

Seminar to Tackle Globalization’s Impact

“The world is flat” is more than just a catchphrase that illustrates the increasing connectivity of the globe’s consumers, markets and economies.

Schools Mediator Faces Unique Case

The job title is “neutral.”

Nonprofit Excellence Gears Up for Conference

The Alliance for Nonprofit Excellence will offer the nonprofit community a full day’s worth of respected industry speakers, panel discussions, breakout sessions and networking opportunities during its sixth annual conference Wednesday.

Cole Takes Reins Of Wolf River Conservancy

Many Memphians might know that the Wolf River Conservancy is a nonprofit and land trust committed to conserving and protecting the Wolf River corridor as a natural sustainable resource.

The Way We Roll

Same-old brand-new. Five decades ago, my world was self-contained. Within a couple of blocks of my house on Highland, there were, in order of importance: not one but two drug stores with soda fountains, a movie theater, a bakery, a Dairy Queen, a Toddle House, Little Pigs Barbecue, a toy store, a five-and-dime, a record store, a Y – with a pool – the hill at the Waterworks, trains every day, a firehouse where they let you slide down the pole, and some grown-up stuff like a library, a hardware store, a vet, a bank, a post office, two grocery stores, six churches, three gas stations, a furniture store, a jewelry store, a barber shop, a beauty shop. And my school. And a college.

Interim Directors Need Skills

This is third in a three-part series. In part one of this series, we discussed when an organization might need to hire an interim executive director. Part two continued with a discussion of how an interim director can serve as a caretaker for an organization and at other times as a change agent. This column completes the series with a discussion of the experience an interim director should bring to an organization in the midst of change.

THE MEMPHIS NEWS

Day of Reckoning

Memphis and Shelby County governments are in the process of taking a hard look at the benefits they’ve promised to start paying their several thousand employees once they retire – payments the employees will then get for the rest of their lives.

Government’s Role at Center of Pension Debate

Government cannot and should not be run like a business.

Newcomers Highlight BSMF Lineup

Memphis in May’s salute to Belgium will once again kick off with headline musical acts from across the country, singing on the river, in the sometimes muddy Tom Lee Park.

Multiple Cultures Mix at East Memphis’ Tokyo Grill

We live about two miles from Asian Palace Express, or, I should say, where the take-out restaurant used to be, so it was convenient on nights we didn’t want to cook to drive over and get an order of wonton soup and an order of war wonton soup – at home I would mix them together.

Chasing the Origins of Italian Cocktails

When I asked Brad Pitts, bartender at Bari, for a Negroni, he said, nonchalantly, “I think we can provide that.” What better place than an Italian restaurant to sip on this most Italian of cocktails, comprised of equal parts of Campari, the aperitif invented by Gaspare Campari in 1860; sweet red vermouth, concocted by Giuseppe B. Carpano in 1786; and gin.

STATEWIDE

State Suspending Interstate Work This Weekend

NASHVILLE (AP) – The Tennessee Department of Transportation will suspend all interstate construction work this Easter weekend in anticipation of increased holiday traffic.

STATE LEGISLATURE

State Anti-Terrorist Bill Sponsor Refuses Discussions

NASHVILLE (AP) – The House sponsor of an anti-terrorism bill that has outraged Muslims is being criticized for asking state troopers to remove individuals from his office who wanted to discuss the legislation.

State Senate Sponsor Withdraws 'Academic Freedom' Bill

NASHVILLE (AP) – The Senate sponsor of a bill to shield teachers from discipline for criticizing scientific theories has taken the proposal off notice for the year.

Schools' Sexuality Bill Headed to Full State Senate

NASHVILLE (AP) – A revised proposal that would require the Tennessee Board of Education to review what's being taught in schools regarding sexuality is headed for a Senate floor vote.

Collective Bargaining Bill Headed to Full State Senate

NASHVILLE (AP) – A proposal to replace Tennessee teachers' collective bargaining rights with a policy manual is "insulting to teachers" and could create chaos, said the lobbyist for the Tennessee Education Association.

NATIONAL BUSINESS

Worries About Rising Costs Cast Pall on McDonald's

NEW YORK (AP) McDonald's Corp. said Thursday that it expects more price increases for beef and other key ingredients, sending the stock down even as the company reported improved earnings for the first quarter.

Amazon Failure Takes Down Sites Across Internet

NEW YORK (AP) – Scores of websites and Internet services like Foursquare and Reddit crashed or had limited availability Thursday because of problems at a data center run by Amazon.com.

Spike in Fuel Prices Erasing Airline Profits

Soaring jet fuel prices are wiping out profits at the nation's biggest airlines.

Fewer People Sought Unemployment Aid Last Week

WASHINGTON (AP) – Fewer people applied for unemployment benefits last week, resuming a downward trend that signals stronger job growth ahead.

NATIONAL POLITICS

Obama Says New Task Force Will Examine Gas Prices

RENO, Nevada (AP) – President Barack Obama says the Justice Department is assembling a team to investigate fraud or manipulation in the oil markets.

REAL ESTATE

Rate on 30-Year Mortgage Falls to 4.80 Pct

NEW YORK (AP) – The rate on the 30-year mortgage fell last week, staying below 5 percent. But low rates have done little to lift the struggling housing market.

HEALTH CARE

CDC Predicts Smoking Bans in Every State by 2020

ATLANTA (AP) – By 2020, every state may have bans on smoking in restaurants, bars and the workplace, federal health officials predicted Thursday, based on the current pace of adopting anti-smoking laws.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 331 19,904
MORTGAGES 0 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 1 232 13,336
BUSINESS LICENSES 0 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 0 94 4,936

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