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VOL. 126 | NO. 82 | Wednesday, April 27, 2011

Last-Minute Rewrite Spares Davis-Kidd Booksellers

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.

Midtown Changer

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.

Lakeland, Millington Residents Feel Effects of Rising River

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 Reports Q1 Loss of $318M

Delta Air Lines Inc. announced a $318 million loss for the first three months of 2011.

Baltimore Wells Fargo Ruling Helps Local Cause

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.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: West at 9.2 mph
Humidity: 67%


The Alliance for Nonprofit Excellence will hold the sixth annual Alliance for Nonprofit Excellence Conference Wednesday from 8 a.m. to 4 p.m. at Clark Opera Memphis Center, 6745 Wolf River Blvd. The title of the conference is “Giving, Grants & Goodwill: The New Face of Philanthropy,” and Rip Rapson, president of chief executive officer of The Kresge Foundation, will speak. Cost is $110 for members, $150 for nonmembers and $65 for college students with a valid ID. Call 684-6605 or email info@npexcellence.org.

more events »

Budget Decisions to Yield ‘Good’ or ‘Tough’ Year

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.

Morris to Discuss Spiritual Connection to Health

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.”

Mueller Reports Boost In Net Income

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 Reports Q1 Loss

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.

Rogers Named Director Of Germantown Athletic Club

Phil Rogers has joined Germantown Athletic Club as director. Rogers will oversee all daily operations of the club.

Employees Weigh In

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.”

Separation Anxiety for Entrepreneurs

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.

Deal Appears In Sight for Davis-Kidd

An 11th-hour bid to keep Davis-Kidd Booksellers open appears to have been successful.


Software Company Moving to Morristown, Hiring 200

MORRISTOWN, Tenn. (AP) Custom Software Design Group, LLC, is planning to hire 200 computer programmers by December 2012 for its Morristown offices.

TVA Debt Outlook Downgraded by Rating Agency

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.

61st Spring Wildflower Pilgrimage Has Begun

KNOXVILLE (AP) — Tuesday marked the start of the 61st Spring Wildflower Pilgrimage in the Great Smoky Mountains.

Child's Letter Moves TDOT to Plant New Trees

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.


Tenn. Anti-Terror Bill Advances in House

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.


BancorpSouth Posts Q1 Loss

TUPELO, Miss. (AP)BancorpSouth Inc. posted a first-quarter loss after increasing its provision for possible credit losses, the company reported.

SunTrust Elevates Treasurer to CFO Post

ATLANTA (AP)SunTrust Banks Inc. said Monday it has elevated Aleem Gillani from corporate treasurer to chief financial officer.

AP Survey: Only Oil Shock Can Stop Economy Now

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.

UPS Raises Outlook While Eyeing Economic Risks

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.

Consumer Confidence Index Rises in April

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.

Kroger Affirms Forecast, Sees Grocery Prices Hikes

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.

Aflac Duck's New Voice From Minn. Sales Manager

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.

In a First, Women Surpass Men in Advanced Degrees

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.


Wall Street Executive Warns Congress on Debt Limit

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.


Home Prices Falling in Most Major US Cities

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.

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PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926

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