VOL. 126 | NO. 82 | Wednesday, April 27, 2011
Pending the entry of a sale order that was expected to happen Wednesday afternoon, Davis-Kidd Booksellers is staying open, ending weeks of uncertainty about the store’s future and frantic behind-the-scenes negotiations to keep it going.
The Slider Inn brings taste of Downtown to Peabody Avenue
By the end of 2011, Bardog Tavern owner Aldo DeMartino will have two new Memphis restaurant concepts up and running.
The Mississippi River at Memphis isn’t due to crest until May 10. But the rising river is already making its presence known within Shelby County.
Delta Air Lines Inc. announced a $318 million loss for the first three months of 2011.
The city of Baltimore’s mortgage discrimination lawsuit it filed three years ago against San Francisco-based Wells Fargo can go forward now that it has survived Wells’ motion to dismiss the case.
Several Memphis City Council members will propose ideas to raise city revenues in place of city layoffs and service cutbacks in the new budget year.
Church Health Center founder Dr. Scott Morris will appear on WKNO-TV Wednesday to discuss his book, “Health Care You Can Live With: Discover Wholeness in Body and Spirit.”
Memphis-based Mueller Industries Inc. Tuesday reported first quarter 2011 net income of $40.6 million, more than $6 million more than the same quarter of 2010.
Synovus Financial Corp., the Columbus, Ga.-based financial services company and parent of Memphis’ Trust One Bank, reported a net loss of $93.7 million for the first quarter of 2011.
Phil Rogers has joined Germantown Athletic Club as director. Rogers will oversee all daily operations of the club.
Want to know what employees think it takes to create engagement? Meet Ellen Schmall, receptionist at Adams and Reese LLP. Ellen says when she joined the firm it was her first real job, and she’s been with the company for 15 years. “When people see what needs to be done, they jump in and do it,” she says. Ellen believes people are engaged because, “We treat everyone the same. When you know people care about you, you will try harder to do a better job.”
Ray’s Take: In a testament to American gumption, some people facing lengthy unemployment or underemployment have seized the opportunity to start their own businesses. Inc. Magazine recently published data showing that the rate of Americans starting their own businesses is the highest it has been in 15 years.
An 11th-hour bid to keep Davis-Kidd Booksellers open appears to have been successful.
MORRISTOWN, Tenn. (AP) – Custom Software Design Group, LLC, is planning to hire 200 computer programmers by December 2012 for its Morristown offices.
CHATTANOOGA (AP) – A credit rating agency has issued a negative warning on Tennessee Valley Authority debt for the first time in two decades following a similar action on the federal government.
KNOXVILLE (AP) — Tuesday marked the start of the 61st Spring Wildflower Pilgrimage in the Great Smoky Mountains.
MEMPHIS (AP) – A second-grader's letter of outrage over trees being cut down for a road project is getting a response from the state.
NASHVILLE (AP) – A contentious proposal that would authorize the governor and attorney general to decide whether an entity is a terrorist organization advanced in the House on Tuesday after assurances from the sponsor that the measure does not target Muslims.
TUPELO, Miss. (AP) – BancorpSouth Inc. posted a first-quarter loss after increasing its provision for possible credit losses, the company reported.
ATLANTA (AP) – SunTrust Banks Inc. said Monday it has elevated Aleem Gillani from corporate treasurer to chief financial officer.
WASHINGTON (AP) – The American economy is now strong enough to withstand Middle East turmoil and the Japanese nuclear crisis. Only a big rise in the price of oil could stop it now.
NEW YORK (AP) – UPS expects the pace of the economic recovery to moderate because of risks like high oil prices, but remains confident it can grow earnings significantly from a year ago.
NEW YORK (AP) – Americans' confidence in the economy grew in April as fears about the job market eased, outweighing the pain from rising prices at the gas pump.
CINCINNATI (AP) – Kroger Co. says grocery prices are rising slightly, and it is passing along those hikes, but it may benefit from fuel prices going up because the discounts it offers on gasoline could attract more shoppers.
NEW YORK (AP) – Aflac is betting a sales manager from Minnesota has the voice to drive the name "Aflac" into the recesses of your brain and keep it there.
WASHINGTON (AP) — For the first time, American women have passed men in gaining advanced college degrees as well as bachelor's degrees, part of a trend that is helping redefine who goes off to work and who stays home with the kids.
WASHINGTON (AP) – A Wall Street executive is urging Congress to raise the government's borrowing limit in the coming weeks, saying failure to do so could lead to a second financial crisis.
WASHINGTON (AP) – Home prices are falling in most major U.S. cities, and at least 10 major markets are at their lowest point since the housing bubble burst.